The Premier League have agreed to extend their overseas TV contract for the Middle East and Africa with BeIN Sports in move that will come as a major blow to Newcastle’s owners, Saudi Arabia’s Public Investment Fund.
The Saudi Arabian government have been blocking BeIN’s TV coverage in their country since December due to on-going tension with Qatar, and are also in the process of attempting a hostile takeover of the Doha-based channel.
BeIn are refusing to negotiate with PIF and in a significant boost have agreed in principle to another three-year deal with the Premier League from 2026 that is worth around £550million.