LaLiga and Galaxy Racer ink multibillion-dollar rights pact

LaLiga, Spain’s top-flight football competition, and Galaxy Racer, the Dubai-based transmedia multinational, have signed a 15-year joint venture to promote the league’s brand in the Middle East and North Africa region and Indian subcontinent.

The collaboration positions GXR as LaLiga’s local partner, setting up a first for the world of sports rights in the territories, which is projected to yield almost $3 billion in revenue.