Premier League clubs warned of revenue fall unless piracy is tackled

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• BeIN Media Group CEO says ‘media rights bubble’ set to burst
• ‘The truth is that our industry is completely unprepared’

Revenues for Premier League clubs such as Watford and Bournemouth will fall off a cliff unless online piracy is faced down, the world’s largest investor in TV rights has warned.

Yousef al-Obaidly, chief executive of the Qatar-based beIN Media Group, which has a $15bn portfolio of sports rights, told the Leaders Week conference in London that he was no longer prepared to bid so much for live sport.

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