Tennis Australia risked disaster if Ten won Open

Original article by Liz Main
The Australian Financial Review – Page: 7 : 8-Nov-19

The Australian Securities & Investments Commission has launched legal action against former Tennis Australia board members Harold Mitchell and Stephen Healy. It alleges Mitchell went over the heads of other board members to ensure Seven secured a five-year deal in 2013 to cover the Australian Open, despite Network Ten putting in a competing offer, and it alleges Healy was complicit in the deal. Mitchell’s lawyer Neil Young QC suggested to former Tennis Australia executive Stephen Ayles during hearings on 7 November that if there was a risk that Ten could go into administration during the five years of a possible deal that it would be disastrous for Tennis Australia, to which Ayles agreed.

CORPORATES
AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, TENNIS AUSTRALIA, SEVEN NETWORK LIMITED, TEN NETWORK HOLDINGS LIMITED

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