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Macquarie Capital Joins Australian Football League For Broadcast Negotiations

The Australian Football League has "drafted in Macquarie Capital" ahead of its potential A$1.8B ($1.4B) broadcast rights negotiations, according to Thompson, Macdonald & Mitchell of the AUSTRALIAN FINANCIAL REVIEW. Macquarie will "work with the AFL as it prepares to kick off talks in coming months with broadcasters" including Seven West Media, Nine Entertainment Co., Ten Network Holdings and Foxtel, which is owned by News Corp. and Telstra. It is believed the investment bank will "take more of a number crunching and market analysis role, given the AFL is well-credentialled in negotiating experience." The AFL has told the networks it is looking for around A$1.75B ($1.3B) over five years, up from A$1.2B ($918.1M) (AFR, 5/28). 

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