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Nine Entertainment Warns Creditors, Bankruptcy Puts NRL Contract At Risk

Sending Nine Entertainment into receivership would "put at risk vital sports contracts including the record" A$1.1B ($1.15B) deal with the National Rugby League, according to Davidson & Gluyas of THE AUSTRALIAN. Nine management "warned creditors at the opening of crucial rescue talks for the second-placed broadcaster." Nine told its creditors that putting the company in the hands of receivers "would damage its brand and foster negative public and market sentiment." Nine Chair Peter Bush and CEO David Gyngell opened separate two-day meetings with the company's lenders Monday at the Sydney offices of the group's lawyers, Gilbert + Tobin. On day one of the talks, which were described as "amicable and civilised" by insiders, detailed information on Nine's business was discussed and execs painted a picture of the impact of receivership on the media company. The first meeting was attended by representatives of U.S. hedge funds Apollo and Oaktree, Nine's original senior lenders, which are owed about A$600M, and Nine management (THE AUSTRALIAN, 9/25).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

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