Warning: error_log(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/bdurrell/public_html/assetise.com/error/error.php on line 115 Warning: error_log(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/bdurrell/public_html/assetise.com/error/error.php on line 115 Warning: error_log(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/bdurrell/public_html/assetise.com/error/error.php on line 115 Warning: error_log(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/bdurrell/public_html/assetise.com/error/error.php on line 115 Warning: error_log(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/bdurrell/public_html/assetise.com/error/error.php on line 115 Warning: error_log(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/bdurrell/public_html/assetise.com/error/error.php on line 115 [Noah's Classifieds] - Nike Air MaxReal Madrid, Barcelona fined $10M over
Please register or log in.
Item details add to favorites
Category Hard disks
Created 2013-12-03
Owner hxoclqo432
Title Nike Air MaxReal Madrid, Barcelona fined $10M over
Description

Barcelona and Real Madrid have been fined for breaking Spain's anti-competition laws when agreeing a television deal for their domestic league and cup soccer matches.

The two clubs, along with Sevilla and Racing Santander, must pay almost €8.5 million ($11.5 million) between them,Nike Skor, while TV production company Mediapro has been fined €6.5 million ($8.8 million).

They were found guilty by Spain's National Markets and Competition Commission (CNMC) of agreeing a TV rights deal of longer than the stipulated three years.

In 2010, the clubs agreed four-year contracts with Mediapro.

Real was fined €3.9 million ($5.28 million),Nike Air Max, Sevilla €900,Nike Free,000 ($1.21 million) and Santander €30,Nike Shox,000 ($40,624) -- all in line with the values of their respective contracts.

La Liga champion Barca said Monday it intends to appeal its €3.6 million ($4.87 million) fine within the allowed two-month window,Billiga Air Max, but would pay despite it having "an economic impact" on this season's operations "subject to a favorable ruling on future courts involving the refund of payment made."

"FC Barcelona's appeal is based on the consideration that the signing of the contract was consistent with the provisions of the General Law on Audiovisual Communication, and also that the contract of assignment of rights mentioned has not affected in practice the audiovisual market," its website reported.

"The contract was signed by the previous Board, dated June 9, 2010,Billiga Nike Skor, four days before the presidential elections. That decision was challenged by some candidates."

Sandro Rosell, Barca's current club president, took over from Joan Laporta -- whose reign lasted from 2003-10.

Spanish clubs, unlike those in other top European leagues,Nike Sverige, do not have collective television agreements.

Real and Barca hold 50% of the top division's TV income, with the other half shared among the other 18 clubs.

It has helped the leading duo not only dominate the domestic competition, but also become two of the world's most wealthy clubs -- allowing Real to splash out $132 million on Gareth Bale in August while also tying star player Cristiano Ronaldo to a lucrative new long-term contract worth a reported $206 million.

Barca's financial resources are not quite so deep, though have improved since accepting shirt sponsorship for the first time in 2010 with the Qatar Foundation -- a five-year deal reportedly worth up to $225 million. The club signed Brazil star Neymar for $75 million in May.

The CNMC said in a statement explaining the ruling that the four clubs and Mediapro had committed "a very serious offense" by breaking its April 14, 2010 ruling on the acquisition of broadcasting rights for football competitions.
Type
Price $ 50,000.00
Promotion level None
Reply to this posting
Email this to a friend