By Kieran Maguire

3rd May, 2021 | 8:00pm

Finance expert reacts to big Arsenal development as £1.5bn negotiations underway

Arsenal could see their broadcast income nosedive if talks between the Premier League and current rights holders fail.

That is according to finance expert and Football Insider columnist Kieran Maguire, speaking exclusively amid negotiations over the division’s TV deal.

The current agreement – which is worth £1.5billion-a-year and signed with Sky, BT Sport, Amazon and the BBC – expires in 2022.

BBC Sport report that the Premier League want to scrap the upcoming media rights auction and extent the current deal instead.

Maguire explains that if these negotiations stall and the rights go to a free market auction, Arsenal may see their broadcast income fall.

He told Football Insider correspondent Adam Williams: “This new model makes sense from the perspective of the Premier League because it gives them certainty.

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“However, I think the broadcasters might want to pay a little bit less.

“The French TV deal has collapsed. There are concerns about the value of Germany and Italy’s deals falling.

“They’ve always said they want to pay at a broadly similar rate. So there could be a bit of a hair cut in terms of what they are prepared to pay.

“That would lead to Arsenal receiving a smaller slice of the overall pot.

“There was some talk of the Premier League taking the TV or streaming in-house. But there was no confidence in that because who’s going to negotiate it at the moment?

“Nobody trusts anybody at the moment.”

Arsenal are currently embroiled in a corporate tug of war involving current regime KSE and would-be owner Daniel Ek.

The music streaming mogul claims he is “very serious” about a lodging takeover bid.

In other news, ex-Arsenal man blown away by massive Emile Smith contract news.