Spanish Primera Liga club Real Madrid signed a deal to make Austrian on-line betting firm Bwin its main sponsor.
The Spanish media reported the deal to be worth between €15 million and €20 million.
Madrid’s current sponsor, BenQ Mobile, filed for bankruptcy in January forcing the club to hunt for new backers.
Bwin, which also sponsors Serie A club AC Milan, had reportedly been in negotiations with Barcelona before the club agreed a linkup with Unicef.
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