Sports TV rights deals in turmoil

Original article by Leo Shanahan
The Australian – Page: 23 : 16-Mar-20

The growing list of sports events that have been cancelled or suspended due to the coronavirus has implications for broadcasting rights holders. Seven West Media faces the loss of about $90m in revenue if the 2020 Tokyo Olympic Games are cancelled; however, it is believed that the debt-laden official broadcaster would save about $150m if this occurs, including the return of about $100m that the International Olympic Committee has already received. Broadcasters are not expected to seek refunds from sports bodies if seasons such as the AFL and NRL are suspended rather than cancelled.

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, INTERNATIONAL OLYMPIC COMMITTEE, AUSTRALIAN FOOTBALL LEAGUE, NATIONAL RUGBY LEAGUE, SUPER RUGBY, FOXTEL MANAGEMENT PTY LTD, FOX SPORTS AUSTRALIA PTY LTD

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