Real Madrid have agreed a 1.1 billion euro deal with Catalan company Mediapro for the rights to screen their matches.
The club said that the agreement would run to the end of the 2012-13 season and was the biggest of its kind by a football club.
“With this deal, Real Madrid have guaranteed they will earn over 1,100 million euros for the granting of their audiovisual rights over the next seven seasons, including the present one,” Real confirmed in a statement on their web site.
“This agreement is a landmark in the history of this institution as it constitutes the most important audiovisual contract for any sports club in the world,” they said.
Real’s television rights are currently owned by Sogecable , through Audiovisual Sport, who also hold the rights for most of the Primera Liga and second division clubs.
Mediapro, an affiliate of WPP group, signed a similar deal with Real’s arch rivals Barcelona several months ago.