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SBD Global/September 19, 2013/Media

Mediapro, La Liga Athletic Bilbao Reach $14.7M Solution To Outstanding Payment Conflict

La Liga side Athletic Bilbao and multimedia group Mediapro have signed an agreement "whereby the broadcaster will pay the Basque club" a sum of more than €11M ($14.7M) in outstanding payments "from a contract agreed between the two entities two years ago," according to INSIDE SPANISH FOOTBALL. Athletic Bilbao had "instigated legal proceedings against the TV broadcaster, claiming that they had caused untold financial damage for failing to meet their financial obligations." Mediapro had claimed that Athletic had "broken signed contractual obligations" (INSIDE SPANISH FOOTBALL, 9/18). DEIA reported Athletic President Josu Urrutia traveled to Barcelona to "finalize the agreement after a meeting with Mediapro President Jaume Roures." In exchange for the payment, Athletic "agreed to withdraw the demand for its money that it had placed with the Spanish courts" (DEIA, 9/18).
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