Real Madrid extend shirt sponsor deal

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MADRID - Real Madrid have extended their shirt sponsorship deal with Austrian on-line betting group Bwin by three years until 2013, the La Liga club said on their website.

Spanish media reported the nine-times European champions will earn over 20 million euros a year from the improved agreement.

Bwin replaced BenQ mobile as Real's principal sponsor in 2007, signing a three-year deal that was reported at the time to be worth between 15 and 20 million euros a year.