The contract is reported to be worth $300,000 (B330,606) a year.
Negotiations are also progressing with Japanese and Korean companies for the sale of the club channel rights to the Far East where interest in football has increased due to the impending World Cup.
Real Madrid has clinched a six-year deal with an unnamed Middle Eastern company for the rights to its RMTV channel - believed to be Arab Radio & Television (ART).
