So where does it say in the company reports they won’t be bidding for the nrl ?
Oh wait you made that up
Dazn just spent 3.4 billion on Foxtel
You don’t buy a new Ferrari then take out its high performing engine
Stan have said on multiple occasions they want to bid for the whole tv rights
You just make stuff up in your head then think it’s. a fact
Again because I am certain you are slow I will dumb it down.
With ch9 add production costs and the like they are outlaying $130m or so on NRL
Revenue is down 1/3rd. And increase for a NRL further eats into that.
They have a new CEO and board who have bonus' tied to turning that around. Hence will have a price point of where they can't afford it
You claim to of studied accounting you should know this stuff.
As for the Foxtel sale. You think they just handed over $3b cash?
News Limited and Telstra now own 9% of DAZN meaning shares in the company make up part of the payment.
AFR also reported they were working with Bank of America about the deal. So that implies a loan is also part of it.
So while none have said it. You can use the info out there to get an idea.
Now again I ask what are you using to say 'it will turn around'?