- OP Xtreme
- Business & Finance
- Crime & Law
- Food Drink
- News Features
- Insurance Doctor
- Jack Gaioni
- Legal Issues
- Loud and Clear
- Market Mumbles
- Mistress of Sizzle
- Property Insider
- Road to Riches
- Eating Out
- Andalucia Property Search
- Green Guide Spain
- SITE INFO
- Data Protection
Kit deal in Real trouble in Spain
• Real Madrid's Cristiano Ronaldo sports a Bwin shirt
Do you have news for us?
Click to contact the newsdesk!
REAL Madrid are in danger of losing their lucrative shirt sponsorship with Gibraltar-based gambling firm Bwin after a court ruled the deal breaks competition laws.
The agreement was deemed to violate strict advertising rules, which state that companies operating in Spain must be licensed by the Spanish authorities.
The online betting company – which is licensed and regulated in Gibraltar – signed a reported 23 million euro-per-year deal with the Spanish giants in 2009.
The agreement was an extension of a deal struck ahead of the 2007-08 season and will see Bwin’s name displayed on the famous white shirt until 2013.
The case was brought before Madrid’s Commercial Court by rival gambling firm Codere, who successfully argued that Bwin was competing unfairly in Spain.
The ruling states that ‘any offering of gaming or betting activity that has not been granted a prior administrative authorisation is, indisputably, prohibited’.
The case is the latest in a number of similar actions to be brought against gaming companies operating in Spain from so-called tax havens.
Reader Comments »
The views expressed in the comments above are those of our users and do not necessarily reflect the views of the Olive Press.
Messages will be moderated or deleted if they:
• Are considered likely to disrupt, provoke, attack or offend others
• Are racist, sexist, homophobic, sexually explicit, abusive or otherwise objectionable
• Contain swear words or other language likely to offend
• Break the law or condone or encourage unlawful activity. This includes breach of copyright, defamation and contempt of court
• Advertise products or services for profit or gain
• Are seen to impersonate someone else
• Include contact details such as phone numbers, postal or email addresses
• Describe or encourage activities which could endanger the safety or well-being of others
• If you have a complaint about a comment please email [email protected]