Funds for less wealthy
Dec 02, 2012 (Menafn - The Australian Financial Review - ABIX via COMTEX) --A new TV broadcasting rights deal struck in 2011 with Seven Network, Telstra and Foxtel will mean the Australian Football League gains A1.025bn in total. CEO Andrew Demetriou says this will enable the sports body to financially support those clubs that are struggling to remain profitable or have already incurred losses. In the latter camp are the Brisbane Lions and Western Bulldogs teams. Meanwhile Demetriou also rejects any suggestion that salary cap breaches such as that at the Adelaide Crows club, penalised with A500,000, are common.
Publication Date: 3 December 2012
AUSTRALIAN FOOTBALL LEAGUE
SEVEN WEST MEDIA LIMITED - ASX SWM
SEVEN NETWORK LIMITED
TELSTRA CORPORATION LIMITED - ASX TLS
FOXTEL MANAGEMENT PTY LTD
ADELAIDE CROWS FOOTBALL CLUB
WESTERN BULLDOGS FOOTBALL CLUB
BRISBANE LIONS FOOTBALL CLUB
COLLINGWOOD FOOTBALL CLUB
NORTH MELBOURNE FOOTBALL CLUB LIMITED
KANGAROOS FOOTBALL CLUB
RICHMOND FOOTBALL CLUB
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