Fears of low-ball offer for TV rights

Original article by Jamie Pandaram
The Australian – Page: 32 : 6-Mar-20

Rugby Australia will give prospective bidders an additional week to submit offers for its next broadcasting rights deal, after failing to attract any interest. Optus appears set to gain the broadcasting rights after RA’s current broadcast partner Fox Sports declined to sign a non-disclosure agreement. There is speculation that Optus will capitalise on the lack of rival bidders to offer a low price for the rights; RA rejected Fox Sports’ offer of $40m a year in late 2019. Ten Network is tipped to offer about $5m for limited free-to-air coverage of rugby matches.

CORPORATES
SINGTEL OPTUS PTY LTD, RUGBY AUSTRALIA, FOX SPORTS AUSTRALIA PTY LTD, FOXTEL MANAGEMENT PTY LTD, TEN NETWORK HOLDINGS LIMITED

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