Madrid, Barcelona among those fined over TV rights
The Spanish competition commission has fined Real Madrid,
Barcelona, Sevilla, Racing Santander and a major broadcaster $20
million for a ”serious” violation of television rights sales.
The hefty penalties were given to Mediapro and the four clubs
for agreeing to four-year contracts on TV rights when only three
years is allowed.
Mediapro must pay $8.8 million, while Real Madrid was fined $5.3
million, Barcelona $4.9 million, Sevilla $1.2 million and Santander
Mediapro, which shares the rights to Spanish league matches with
Canal Plus, says it will appeal the ruling.
In Spain, individual clubs reach TV rights deals with
broadcasters instead of using collective bargaining.