The situation has not managed. Since its launch in the summer of 2012, BeIN Sports has lost money. And (very) substantial and disturbing way. The Quatarian audiovisual group posted a cumulative net loss of 1.033 billion euros on December 31, 2015, according to Capital.
The shareholder of the bouquet of sports channels, the State of Qatar then injected 600 million euros into the company in 2016 to fill part of the financial chasm. Main cause of these colossal losses of the time: too high sports rights while subscribers were not there.
If today TV rights have dropped considerably, the group's financial situation has not improved. We do not know the current figures, but one thing is certain, the accounts of the Qatarian channel bouquet are still far from being balanced.
An L1 match a day on beIN Sports is confirmed
Consequence: many departures are underway within the company, reports independent journalist Romain Molina. “”
Many layoffs in Beln Media Group in Qatar because of the financial situation ”he announced via his X account (ex-Twitter).
Despite a complicated context and the restructuring of the TV rights landscape of the French championship, BeIN Sports should maintain the broadcast of a Ligue 1 match, that of Saturday at 5 p.m., according to RMC Sport. The Qatarian channel would offer 78.5 million euros annually, with a potential sponsorship agreement with clubs up to an additional 20 million.
