Cricket Australia set to cut ties with Nine in $1bn Foxtel deal

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CRICKET Australia is allegedly designed to give Channel Nine a girl in favor of a bumper. Foxtel deals are said to be at least $ 1 billion over the next six years.

The reported flow means that you will lose TV rights to the pay TV service provider who was said to be in talks with Channel Seven and Channel Ten overnight to who will participate in his bid according to Financial Review .

You have had the rights for the last 40 years and the five-year deal of $ 500 million with Cricket Australia is now up with reports that it loses more than $ 30 million a year on international cricket.

Because of anti-siphoning laws, Foxtel can not have sole rights because the major international cricket must be

An agreement could be announced as soon as Friday.

Cricket Australia said it would not comment on speculation.

Under the proposed terms, Seven or Ten would buy Nine Test matches and some of them make the Big Bash League, currently at Ten.

Foxtel, owned by News Corp., publisher of news.com.au, would have exclusive rights to some BBL matches as well as simulcast rights for live and international limited-overs matches The Australian Reports ].

Nine has recently won the rights to send tennis in Australia for $ 60 million a year, a clear indication that the interest in cricket was faded Courier-Mail said .

The Nine Network was invited by bankers last year to end its coverage for long-term crunch due to an annual loss of $ 30-40 million.

"The existing cricket deal costs Nine about $ 100 million a year," wrote UBS media analyst Eric Choi in a note to the customers. "We estimate that the existing deal is likely to only generate gross income of $ 60- $ 70 million."

"We are not worried that there will be a lack of interest in our media rights," said Ben Amarfio Fairfax Media's broadcasting director on time. "Live sports and cricket in particular are still a premium asset."

Channel Ten secured the new TV rights deal to BBL in 2013 when it agreed to pay $ 20 million a year.

– with Warren Barnsley, AAP

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