The parent company of beIN Sports has injected €600m ($646m) into supporting the company’s pay-television operation in France, according to daily newspaper Libération.
The injections occurred on December 28 through two capital increases – one of €500m and one of €100m.
BeIN Sports has been aggressive in the sports-rights market in France and is expected to be a bidder in the tender for the next cycle of Uefa Champions League rights, from 2018-19 to 2020-21. The auction is set to take place this spring.
Similar capital injections took place in 2013 and 2015, the newspaper said.
The ownership of the French operation has also been transferred to one of the group’s UK companies, beIN Europe Limited.