that the deal would run for seven years and was a significant increase on the previous deal, which was worth $946 million over two years.
Seven and Foxtel were considered the front-runners despite Nine Entertainment Co making an offer on Monday worth roughly $500 million a year. The AFL had hoped that the competition from Network Ten and streaming partner Paramount Plus, as well as Nine Entertainment and its streaming service Stan, would help push the deal closer to the $600 million a year mark.
Source: Law Daily Report (lawdailyreport.net)
ColinJKruger JakeNiallTHEAGE
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