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FinancialNews
06-02-18
Saudi Telecom to broadcast football games in USD1.8bn deal
(MENAFN) A ten-year agreement between Saudi Telecom and the government's General Sports Authority has been signed for a worth of 6.6 billion riyals to broadcast Saudi professional football games.
However, the agreement indicates regional broadcaster MBC group to have been deprived of the rights to broadcast the games
MBC group has signed in 2014 a ten-year deal for a worth of 4.1 billion riyal to acquire the right to broadcast football matches.
The deal follows the detainment of Waleed al-Ibrahim who was assigned in MBC for its management control amid a crackdown in corruption in the world of business.
MENAFN0602201800450000ID1096435223
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