Qatar’s BeIN Sports said in a statement that it was ‘shocked and appalled’ by the decision of an Egyptian court which imposed a fine of $22mn for violating anti-trust regulations.
BeIN Sports denied any wrongdoing and said the judgement – which included a fine of 400mn Egyptian pounds against its chief executive, Nasser al-Khelaifi — was politically motivated.
“BeIN categorically rejects, and is shocked and appalled by, the judgement of the Cairo Economic Court in Egypt,” read the statement.
“The judgement is based on unfounded and politically motivated allegations by the Egyptian Competition Authority (ECA) that have no basis in fact or law.
“At all times, BeIN has acted in full compliance with all relevant laws, including competition law, and will pursue all legal means available to challenge the judgment.”
It added the court’s decision would be “deeply troubling” for any international company seeking to do business in Egypt.
The court had said that BeIN had violated competition rules through its package deal system, which forces viewers to pay for events they may not be interested in watching.