Qatari media group beIN have completed the takeover of Turkish Super Lig broadcaster Digiturk on Thursday, after a 3-year audit by the Savings Deposit Insurance Fund of Turkey (TMSF)
The chief executive officer of Digitürk, Ümit Önal, revealed that Qatar will make 60 percent of the total payment in 2016 and pay the balance in 2017.
The exact fee of the takeover has not yet been disclosed but a report by Bloomberg last year claimed that it would fetch a reported $1.5 billion.
Digitürk has more than 3.5 million customers and holds the rights to broadcast Turkish Football League matches until the 2016-2017 season.
The company has broadcast Turkish Süper Lig games via its affiliated sports channel Lig TV since 2001.
The league’s broadcasting value has seen a 40 fold rise in 16 years and Digiturk has a $560 million-a-year deal for exclusive rights to the Super Lig.
The Turkish league viewing rights are currently the sixth most valuable in Europe and rapidly catching up with the continents elite.
Digiturk has been pushing for overseas coverage of the Turkish League and recently struck a two-year deal with MP & Silva to distribute a weekly highlights package for the Turkish Super League.