Spanish soccer giants Real Madrid are reportedly ending their 18-year relationship with the Mediapro agency to team up with commercial broadcaster Mediaset for the relaunch of their in-house television channel.

According to Spanish newspaper El Confidencial, the La Liga outfit have accepted an offer from Telefónica and Supersport, the production company that works with Mediaset, to take over control of Real Madrid TV.

The report added that Telefónica and Supersport’s offer represented a better deal for Real than a reduced proposal from Mediapro, although financial terms of the new contract have not been confirmed.

Employees have apparently already been informed of the change, which will officially come into effect on 1st July.

Real signalled their intent to relaunch Real Madrid TV at the start of this year when they appointed Javier Baena to oversee the commercial aspect of the project.

The club are looking to export the channel to international broadcasters, as well as commercialise individual content or programming to oversees broadcasters or other media organisations, including brands.

On the pitch, Real are third in La Liga and travel to play Leganes in their next game on Monday.