Published 17:42 IST, April 29th 2020
Saudi Arabia to battle for Premier League TV rights if Newcastle takeover goes through
Saudi Arabia is likely to bid for the Premier League TV rights next year if their £300 million Newcastle United takeover goes through to tap the Saudi market.
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Saudi Arabia is expected to battle for Premier League TV rights if ir £300 million Newcastle takeover goes through. Saudi Arabia's Public Investment Fund, controlled by Crown Prince Mohamed bin Salman is in talks with Mike Ashley and is exploring a Newcastle takeover. consortium, however, has come under intense scrutiny, led by beIN Sports, who hold Premier League TV rights for Middle East and rth Africa.
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Newcastle Saudi deal: Saudi Arabia to bid for Premier League TV rights if Newcastle takeover goes through
Saudi Arabia's Public Investment Fund-led Newcastle takeover has been opposed, namely by human rights group Amnesty International, but is still presumed to go through. BeIN Sports have urged Premier League chief executive Richard Masters to block £300m Newcastle Saudi deal accusing Gulf country of piracy. Former Sky Sports presenter and beIN host Richard Keys has been vociferous in his push against takeover and has mentioned Saudi-owned pirate operator beoutQ stealing intellectual brocasting rights of beIN Sports in MENA ( Middle East rth Africa) as one of reasons why deal shouldn't go through. Saudi Arabia has hit back at criticism, suggesting beIN Sports are motivated by fear that y will lose ir Premier League TV rights contract in 2022.
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Newcastle Saudi deal: Newcastle United takeover could help tap Saudi Arabia market
Speaking to Daily Mail, a source said that Saudi Arabia-Qatar issue is a political one and is motivated by money and status. He ded that beIN would be worried about Saudi Arabia's arrival with ir protracted Newcastle takeover which will in turn help tap market in Saudi Arabia, which is huge for Premier League and Champions League. source furr said that Saudi Arabia is likely to bid for Premier League TV rights, with open tender process due to start next year and country has financial strength to outbid Qatar. Premier League TV rights for MENA is currently in possession of beIN Sports, who acquired it for a reported £500 million for three years, last of which is 2022.
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17:42 IST, April 29th 2020