They reported $24m as contra.
We know ch9 was $10 a year contra. Where is this chunk from Sky/Fox
annual reports shows contra at $24.5mill a year in last deal. $10mill was from ch9, $14.5mill was from Fox and Sky NZ. We dont know the split between them.
If your claim that the $400mill is cash only then it would mean a cash increase on the last deal of around $44.5million. We know Sky NZ is $12mill cash and contra, so that would mean from Fox a cash increase of somewhere in region of $35-40mill a year in this deal. Seems unlikely given Vlandys comments.
Last deal (pre covid) was
Ch9 $115mil cash $10mill contra
SkyNZ $20mill cash and contra
Foxsports $235mill cash and contra
avg $380 mill cash and contra or total $1.9bill for 5 years
If the $400mill avg was cash only it would mean the actual deal is
$400 mill cash + $15mill contra Ch9 + around $15-20mill contra Fox/Sky
ie a total deal of $430mill ish or $2.15billion. Why NRL would underplay a tv deal and announce cash only for the first time is anyones guess. Seems unlikely, CEO's generally dont like to undersell themselves.