Seven awarded $5.3m deduction on CA rights deal by mediator

March 13, 2021 9:04

The expert appointed to mediate the rights dispute between Seven West Media and Cricket Australia has decided that the financial impact of changes to the 2020-21 cricket season is $5.3 million, subject to potential further increases.

The expert determined that $5.3 million should be deducted from the next scheduled rights fee payment on 15 March 2021, which is the same day Seven’s preliminary discovery action in the Federal Court is set down for. Foxtel and Seven signed a six year deal with Cricket Australia for the television rights in 2018. Seven’s share equates to $450 million.

The expert also determined that, if the Afghanistan Test is not rescheduled for the 2021-22 cricket season, a further $3 million should be deducted from the next rights fee payment for that season.

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Olivia Kruimel

Olivia Kruimel was the managing editor at Mumbrella. She has more than 15 years of experience in journalism, communications and marketing. Her journalism career began at Fairfax Media (now part of Nine) and includes various B2B publications such as B&T, Travel Today and ALB. As a marketer Olivia has worked for Standard Chartered and various global law firms.

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Seven awarded $5.3m deduction on CA rights deal by mediator

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