#Qatar News: BeIN to Pay $500 Million in Renewed Premier League Deal - Bloomberg

Qatar News: BeIN to Pay $500 Million in Renewed Premier League Deal - Bloomberg

Qatar’s BeIN Sports has agreed to pay about $500 million for the right to broadcast live Premier League soccer games across the Middle East, according to a person familiar with the matter.

BeIN and the Premier League announced a new three-year contract running until 2025 in a joint statement Thursday, without disclosing financial details. It renews an existing agreement and allows BeIN to show matches in 24 markets spanning the Middle East and North Africa.

At $500 million, the value of the new deal is similar to the previous one, the person said, asking not to be identified discussing confidential information. Representatives for BeIN and the Premier League declined to comment on the value.

“Our clubs have millions of passionate fans across the Middle East and North Africa and BeIN has played an important part in promoting the Premier League and helping engage those fans with our clubs and players,” Premier League Chief Executive Richard Masters said in Thursday’s statement.