Cumberland Throw
First Grade
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no mate 4 games per season... $36 Million a game according to the forum cop
I can't believe that there are still people out there who are dumb enough to believe that a free to air network would pay $800 million for only 4 games per week.
Grant negotiating with a company that is about to go tits up
Where is the due diligence? Incompetent farkwit
do you ever stop whinging?
THE financial plight of Channel 9 is not a major concern for the ARL Commission, with the game's powerbrokers confident the TV network will meet their $90 million up-front payment before the start of the next NRL season.
Nine officials are fighting to save the company from bankruptcy, with the broadcaster negotiating a restructure of nearly $4 billion worth of debt.
After approving the sale of Australian Consolidated Press for $525 million to Germany's Bauer Media Group, Nine still has to find a way to settle the next stage of the debt with $2.2 billion due in February.
But despite the uncertainty over the financial problems at Nine, interim ARLC chief executive Shane Mattiske is confident the NRL will not be short-changed having recently agreed to a five-year broadcast arrangement that will underpin rugby league's own future.
The ARLC were aware of Nine's looming financial hardship during negotiations and structured the contracts accordingly, with a major safeguard of a full advance payment for the 2013 season meaning rugby league is expected to receive $90 million from the network before a ball is booted in March.
"We are certainly comfortable with our position and the contract that is in place includes a number of safeguards," Mattiske said.
"We were always conscious of the complexities involved in investment and debt structures around the Nine network and ensured we were fully informed throughout the process.
"We do not believe there is reason for concern."
The ARLC is currently undergoing the process of dividing the code's $1.025 billion broadcast rights windfall and the situation at the Nine network will have no influence on how that money is divided among the elite NRL competition and grassroots rugby league.
Reports yesterday however indicated the Nine Network may have to call in receivers if they can't sort their financial woes in the coming months.
While the ARLC are confident such a worst-case scenario would not affect them, as they have a binding contract which must be paid, it puts serious question marks over Nine's ability to bid for the looming cricket rights for the 2013-14 season and beyond.
Cricket Australia officials have already been approached by the Seven and Ten Networks about the Test, Twenty20 and one-day international rights, with negotiations expected to take place over the Christmas and New Year period.
No.Are we seeing the decline and the possible extinction of free to air TV in Australia?
Surely that sort of minor stuff is the least of the ARLC concerns at the moment mate?
http://www.heraldsun.com.au/sport/n...ropping-the-ball/story-e6frfgbo-1226482108016
ARL leaders not worried about Nine dropping the ball
Todd Balym
The Courier-Mail
September 27, 2012 12:00AM
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THE financial plight of Channel 9 is not a major concern for the ARL Commission, with the game's powerbrokers confident the TV network will meet their $90 million up-front payment before the start of the next NRL season.
Nine officials are fighting to save the company from bankruptcy, with the broadcaster negotiating a restructure of nearly $4 billion worth of debt.
After approving the sale of Australian Consolidated Press for $525 million to Germany's Bauer Media Group, Nine still has to find a way to settle the next stage of the debt with $2.2 billion due in February.
But despite the uncertainty over the financial problems at Nine, interim ARLC chief executive Shane Mattiske is confident the NRL will not be short-changed having recently agreed to a five-year broadcast arrangement that will underpin rugby league's own future.
The ARLC were aware of Nine's looming financial hardship during negotiations and structured the contracts accordingly, with a major safeguard of a full advance payment for the 2013 season meaning rugby league is expected to receive $90 million from the network before a ball is booted in March.
"We are certainly comfortable with our position and the contract that is in place includes a number of safeguards," Mattiske said.
"We were always conscious of the complexities involved in investment and debt structures around the Nine network and ensured we were fully informed throughout the process.
"We do not believe there is reason for concern."
The ARLC is currently undergoing the process of dividing the code's $1.025 billion broadcast rights windfall and the situation at the Nine network will have no influence on how that money is divided among the elite NRL competition and grassroots rugby league.
Reports yesterday however indicated the Nine Network may have to call in receivers if they can't sort their financial woes in the coming months.
While the ARLC are confident such a worst-case scenario would not affect them, as they have a binding contract which must be paid, it puts serious question marks over Nine's ability to bid for the looming cricket rights for the 2013-14 season and beyond.
"Many people have got it into their heads that NRL expansion was off the cards for the next five years following last month's $1 billion broadcasting agreement with Nine and Fox Sports," Keeffe said.
"But Gyngell said that was just the assumption people had made because it was not mentioned in the announcement. He also said expansion was not brought up at all during negotiations for the TV deal, but it was something he could not overlook."