Liberty Media's reign over Formula 1 has suffered another damaging blow after losing a rights deal in the Middle East and North Africa (MENA) with broadcast giants beIN Sports. According to analysts the deal made up as much as 7 per cent of all of F1's broadcast revenue. BeIN has walked away from F1 over a lack of action taken over piracy in the region, particularly by the Saudi-based beoutQ. Pirated sports overage has been an issue for broadcasters for some time, especially in football, but the issue is not uncommon in F1 circles. Liberty released a statement in June after it became apparent that beoutQ had started airing races for free, saying: "Formula 1 takes intellectual property...
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