MediaPro pay €11 million debt to Athletic Club Bilbao
Football broadcaster MediaPro have finally reached an agreement with Athletic Club Bilbao, to cover a disputed sum from their previous rights agreement.
Athletic Club Bilbao and MediaPro have signed an agreement, whereby the broadcaster will pay the Basque club a sum of over €11 million in outstanding payments, from a contract agreed between the two entities two years ago.
The football club had instigated legal proceedings against the TV broadcaster, claiming that they had caused untold financial damage for failing to meet their financial obligations. The broadcaster meanwhile, claimed that the football club had broken signed contractual obligations, though without specifying what they were.
After leaving their agreement with MediaPro, Athletic Club signed a new agreement with Digital+ in 2012, which is said to be worth around €100 million in broadcasting rights, for three seasons.