Ch 9 Facing Bankrupcy

[Raiderdave]

yes

we should be getting business acumen lessons from the VFL

they added 22 games to ther comp
& lost 260,000 spectators





>

ahhhh...... on second thoughts

[Xman]

yes

we should be getting business acumen lessons from the VFL

they added 22 games to ther comp
& lost 260,000 spectators





>

ahhhh...... on second thoughts

and now have over 50 games a year played in expansion states, and increased their TV audience by 30%

[Striker]

Mark, it is possible that creditors will offload anything that is a liability and the deal with the NRL is right up there. I always said that us League fans were diddled by Nine, and any good creditor will see that. Ten could get the offload and for a great deal less because they won't be under pressure to match the existing outlay. The NRL will get a massive mark down that it doesn't deserve as a result, and that pisses me off!

[eelofwest]

Life will go on as is. The creditors will take over the network in a "debt for stock deal" and life will go on.

Another clutching at straws moment for our AFL fans on this site..........

They are just hoping that this happens because as it stands the NRL got a better financial deal then the AFL.

NRL 1.2-1.3b when other deal are done.

AFL 1.25b - 220m for expansion - 660k less fans at games which = about 150m at $23 a head. grand total = 880m


Game set and Match.....

[Xman]

Life will go on as is. The creditors will take over the network in a "debt for stock deal" and life will go on.

Another clutching at straws moment for our AFL fans on this site..........

They are just hoping that this happens because as it stands the NRL got a better financial deal then the AFL.

NRL 1.2-1.3b when other deal are done.

AFL 1.25b - 220m for expansion - 660k less fans at games which = about 150m at $23 a head. grand total = 880m


Game set and Match.....

The AFL will make 75M just from the finals. The NRL less than half this. There's 200M extra over 5 years right there

[pookus]

Life will go on as is. The creditors will take over the network in a "debt for stock deal" and life will go on.

Another clutching at straws moment for our AFL fans on this site..........

They are just hoping that this happens because as it stands the NRL got a better financial deal then the AFL.

NRL 1.2-1.3b when other deal are done.

AFL 1.25b - 220m for expansion - 660k less fans at games which = about 150m at $23 a head. grand total = 880m


Game set and Match.....

Your deal is less.Simple.And the reality is in 3-5 years we will have an 18 team comp with derbys in every state.4 free to air games and all games live on fox.The nrl will have the same teams same coverage and that equates to the same revenue.Which is and will still be around 200 million less a year.When you have some real numbers come and see me until then leave your year 9 maths at home.Might impress them at the Rooty hill RSL but not here champ.

[Raiderdave]

yes

we should be getting business acumen lessons from the VFL

they added 22 games to ther comp
& lost 260,000 spectators





>

ahhhh...... on second thoughts

and now have over 50 games a year played in expansion states, and increased their TV audience by 30%

at a cost of in excess of a billion dollars .... that 30 years down the track .... still no one watches ....

& enough with your double counted TV veiwers
if they VFL are hanging their hat on that .... then they are in for a massive embarrasment when the truth is revealed about this coc.k up in the ratings

[Raiderdave]

Life will go on as is. The creditors will take over the network in a "debt for stock deal" and life will go on.

Another clutching at straws moment for our AFL fans on this site..........

They are just hoping that this happens because as it stands the NRL got a better financial deal then the AFL.

NRL 1.2-1.3b when other deal are done.

AFL 1.25b - 220m for expansion - 660k less fans at games which = about 150m at $23 a head. grand total = 880m


Game set and Match.....

Your deal is less.Simple.And the reality is in 3-5 years we will have an 18 team comp with derbys in every state.4 free to air games and all games live on fox.The nrl will have the same teams same coverage and that equates to the same revenue.Which is and will still be around 200 million less a year.When you have some real numbers come and see me until then leave your year 9 maths at home.Might impress them at the Rooty hill RSL but not here champ.

ask anyone with an ounce of mathimatical sense .... & they will tell you the VFL has been whopped here by the NRL
& that broadcasters believe our game is the most valuable commodity on Australian TV
tough to swallow poopuss by you must try

your comp throws up too much garbage .... too few teams of any quality ... too many lop sided results & in 3 to 5 years will be back where it was in the mid 1980's interest wise
it is going backward at a rate of knots & the delusional rantings of its brain washed fans can't window dress it
K?

[Beaussie]

Life will go on as is. The creditors will take over the network in a "debt for stock deal" and life will go on.

Another clutching at straws moment for our AFL fans on this site..........

So are you confident Channel 9 will pay up. Signs not looking good my friend. Hmmm

[Xman]

Another clutching at straws moment for our AFL fans on this site..........

They are just hoping that this happens because as it stands the NRL got a better financial deal then the AFL.

NRL 1.2-1.3b when other deal are done.

AFL 1.25b - 220m for expansion - 660k less fans at games which = about 150m at $23 a head. grand total = 880m


Game set and Match.....

Your deal is less.Simple.And the reality is in 3-5 years we will have an 18 team comp with derbys in every state.4 free to air games and all games live on fox.The nrl will have the same teams same coverage and that equates to the same revenue.Which is and will still be around 200 million less a year.When you have some real numbers come and see me until then leave your year 9 maths at home.Might impress them at the Rooty hill RSL but not here champ.

ask anyone with an ounce of mathimatical sense .... & they will tell you the VFL has been whopped here by the NRL
& that broadcasters believe our game is the most valuable commodity on Australian TV
tough to swallow poopuss by you must try

your comp throws up too much garbage .... too few teams of any quality ... too many lop sided results & in 3 to 5 years will be back where it was in the mid 1980's interest wise
it is going backward at a rate of knots & the delusional rantings of its brain washed fans can't window dress it
K?

Yep, whopped with less coverage and less money

Only in Dave's world!

[Raiderdave]

Your deal is less.Simple.And the reality is in 3-5 years we will have an 18 team comp with derbys in every state.4 free to air games and all games live on fox.The nrl will have the same teams same coverage and that equates to the same revenue.Which is and will still be around 200 million less a year.When you have some real numbers come and see me until then leave your year 9 maths at home.Might impress them at the Rooty hill RSL but not here champ.

ask anyone with an ounce of mathimatical sense .... & they will tell you the VFL has been whopped here by the NRL
& that broadcasters believe our game is the most valuable commodity on Australian TV
tough to swallow poopuss by you must try

your comp throws up too much garbage .... too few teams of any quality ... too many lop sided results & in 3 to 5 years will be back where it was in the mid 1980's interest wise
it is going backward at a rate of knots & the delusional rantings of its brain washed fans can't window dress it
K?

Yep, whopped with less coverage and less money

Only in Dave's world!

we got the same coverage .... for more then double the money we got last time
&
no useless expansion teams were forced on us ... to weigh us down financially for the next 2 decades
yep
whopped

[Xman]

ask anyone with an ounce of mathimatical sense .... & they will tell you the VFL has been whopped here by the NRL
& that broadcasters believe our game is the most valuable commodity on Australian TV
tough to swallow poopuss by you must try

your comp throws up too much garbage .... too few teams of any quality ... too many lop sided results & in 3 to 5 years will be back where it was in the mid 1980's interest wise
it is going backward at a rate of knots & the delusional rantings of its brain washed fans can't window dress it
K?

Yep, whopped with less coverage and less money

Only in Dave's world!

we got the same coverage .... for more then double the money we got last time
&
no useless expansion teams were forced on us ... to weigh us down financially for the next 2 decades
yep
whopped

expansion teams were planned for years by the AFL. Ch7 had nothing to do with it.

More Dave's world hallucinations.

[Striker]

Raid, the NRL coverage is $hit compared to the AFL!! What freaking planet are you living one for Christs sakes??

[eelofwest]

NINE Entertainment boss David Gyngell has locked in a deal with lenders that leaves the company "safe" and debt free just hours after the birth of his son.

After a marathon two days of negotiations, Mr Gyngell rushed from the meeting last night to be by wife Leila McKinnon's side as she gave birth to their first child, Edmund.

A relieved-looking Mr Gyngell this afternoon emerged from a meeting of creditors in Sydney to announce that "there is a deal'' and the company, owner of the Nine Network, is now free of it's reported $3.3 billion dollar debt.

"We have a fully capitalised business," he said.

Read the Nine Network's statement

"All those doomsayers out there are going to have to eat their words.

"We have never had a more powerful balance sheet.

"We are ready to rock and roll for next year."

Nine owed $2.3 billion to US hedge funds Apollo and Oaktree and a further $1 billion to investment bank Goldman Sachs.

Each lender has taken a stake in the company in return for its debt, with the hedge funds taking the largest share.

In a statement released this afternoon, the Nine Network says NEC and its lenders intend to go ahead with the restructure through schemes of arrangement to be implemented over the next three months.

''As soon as the restructure is effected, all the existing senior and mezzanine debt will be converted to equity and the Group will have no debt. In exchange for cancellation of existing senior and mezzanine debt, senior lenders will collectively receive 95.5% of the equity in the Group with mezzanine lenders receiving the remaining 4.5%,'' the statement says.

''Full details of the restructure will be contained in the scheme booklets which are expected to be lodged with ASIC in late November.''

Announcing the breakthrough deal, Peter Bush, chairman of NEC, said: ''We believe this is an outstanding outcome for all stakeholders. The business has great momentum and strong cash flow, and now it will have the strongest balance sheet in the industry. It puts the company in a remarkable position to build on the successes of 2012.''

Mr Bush said the trading and operating activities of the Nine Network and Ticketek continue as normal.

Customers, employees and business partners of both businesses will be unaffected by the restructure.

http://www.dailytelegraph.com.au/busine ... 6497834135

Looks like the NRL's 1.2-1.3b TV deals are no longer in Jeopardy..

[Xman]

NINE Entertainment boss David Gyngell has locked in a deal with lenders that leaves the company "safe" and debt free just hours after the birth of his son.

After a marathon two days of negotiations, Mr Gyngell rushed from the meeting last night to be by wife Leila McKinnon's side as she gave birth to their first child, Edmund.

A relieved-looking Mr Gyngell this afternoon emerged from a meeting of creditors in Sydney to announce that "there is a deal'' and the company, owner of the Nine Network, is now free of it's reported $3.3 billion dollar debt.

"We have a fully capitalised business," he said.

Read the Nine Network's statement

"All those doomsayers out there are going to have to eat their words.

"We have never had a more powerful balance sheet.

"We are ready to rock and roll for next year."

Nine owed $2.3 billion to US hedge funds Apollo and Oaktree and a further $1 billion to investment bank Goldman Sachs.

Each lender has taken a stake in the company in return for its debt, with the hedge funds taking the largest share.

In a statement released this afternoon, the Nine Network says NEC and its lenders intend to go ahead with the restructure through schemes of arrangement to be implemented over the next three months.

''As soon as the restructure is effected, all the existing senior and mezzanine debt will be converted to equity and the Group will have no debt. In exchange for cancellation of existing senior and mezzanine debt, senior lenders will collectively receive 95.5% of the equity in the Group with mezzanine lenders receiving the remaining 4.5%,'' the statement says.

''Full details of the restructure will be contained in the scheme booklets which are expected to be lodged with ASIC in late November.''

Announcing the breakthrough deal, Peter Bush, chairman of NEC, said: ''We believe this is an outstanding outcome for all stakeholders. The business has great momentum and strong cash flow, and now it will have the strongest balance sheet in the industry. It puts the company in a remarkable position to build on the successes of 2012.''

Mr Bush said the trading and operating activities of the Nine Network and Ticketek continue as normal.

Customers, employees and business partners of both businesses will be unaffected by the restructure.

http://www.dailytelegraph.com.au/busine ... 6497834135

Looks like the NRL's 1.2-1.3b TV deals are no longer in Jeopardy..

show us the link for their 1.3b please....