Sky Sports are closing in on a deal to land Anthony Joshua's mega money rematch with Oleksandr Usyk with a £25.79m ($31m) offer.
The broadcaster is hoping to finalise details with Saudi Arabia officials to be the lead broadcaster for the WBA, IBF and WBO heavyweight clash on August 20 in Jeddah.
DAZN – who Joshua had recently signed a $100m (£83m) deal with – have submitted a higher bid.
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But officials in the Middle East country prefer to go with Sky because of the exposure they will give the fight across their 24-hour news channel. Sky will look to recoup the investment on Sky Sports Box Office.
There are still some details to be ironed out, but an announcement is expected in the next 48 hours.
The move would be a significant blow for streaming giant DAZN, who were desperate to make the fight a pay-per-view event in the UK.
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Joshua's promoter Eddie Hearn already has an exclusive deal with the channel and negotiated his fighter's contract with them, too.
But the rights of the Usyk rematch were sold as part of the $80m (£66m) deal to bring the fight to the Middle East state which gave Saudi full control of where it will be broadcast.
DAZN will have the US rights to the fight, though. That deal is also near completion.
DAZN recently landed Joshua's UK rights in a mega money move but they were aware at the time this fight was not included and they would have to bid separately.
They were confident with their relationship with Hearn and Joshua that they would be the preferred bidder.
But they didn't account for Saudi Arabia's eagerness to ensure they could get the most eyes on the fight in the UK as possible.
Sky Sports are still going over the finer points of the deal with all the parties involved but unless there are any last-minute hiccups or a much bigger offer from DAZN then they should have secured the rights.
The BBC and BT Sport were also offered the chance to bid for the fight, but it is not known if they submitted any offers.
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