Benfica refusal proposed 111 million euros from Olivedesportos

Benfica announced this Tuesday in a statement sent to the CMVM, have rejected the proposal to renew the contract with the Olivedesportos. The company offered 111 million euros for a five-year contract for the transmission of the Portuguese league games of Lisbon club.

"This proposal covers the period from 1 July 2013 to 30 June 2018 (5 sporting seasons), and has a total value of 111 million euros", says Benfica, in a statement sent to the Committee on Market and Securities .

The club adds that "after consideration of the proposal by the Board of Directors of the Society, it was rejected."

The club does not specify the reasons for so refusing the proposal of Olivedesportos. Remember that the contract that keeps Benfica for sale of broadcasting rights to the company run by Joaquim Oliveira finishes at the end of next season.

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