Teka will reportedly sponsor Real Madrid for three years at €2.5M per year

Real Madrid and TEKA reached an agreement for the next three seasons, according to Encestando.

Teka will replace MMT on Real Madrid’s jersey and will be the new main sponsor of the Spanish powerhouse.*

Teka will pay around €2.5 million per season to Real Madrid, one million more per year than MMT.

The official announcement is expected next week.