Spanish Government Approve Sale of Collective TV Rights in Primera Liga
By iSportconnect | May 1, 2015
Spanish Liga giants Real Madrid and Barcelona will be forced to share a large amount of their TV revenue after a new Spanish law was approved by the government for the league’s television rights to be sold collectively.
The new law, mind which will come into effect in 2016, discount brings the deal in line with the current rights agreement in the English Premier League and Italian Serie A, meaning Real Madrid and Barcelona can no longer negotiate separate TV rights deals.
The news will be met positively by many Spanish top flight clubs, who have been requesting the TV rights format to be changed and spread more evenly.
The sport ministry spokesman Miguel Cardenal, who is also the head of Spain’s sports council, said the changes will allow the country to “adapt to modern times”.
“You just have to see that last year the club that came last in the Premier League earned more than [Spanish champions] Atletico Madrid,” Cardenal said.