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Lachlan Murdoch, Bruce Gordon Launch Joint Takeover Bid For Network Ten

Published in SportsBusiness Daily Global on 07 / 06 / 17

Billionaire media moguls Lachlan Murdoch and Bruce Gordon are "launching a joint takeover bid for Network Ten," according to David Chau of the ABC. The Australian Competition & Consumer Commission confirmed that it "commenced a review of this proposed acquisition." If the deal proceeds, it would...

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Tags: Finance, Australia

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V8 Supercars Close Book On Olympic Park

Seven years after it was launched as V8 Supercars' "attempt to crack Sydney's sports market," the Olympic Park street circuit event "is on the way out," according to Ed Jackson of the AAP. V8 Supercars CEO James Warburton announced on Tuesday that "the event on the streets of Homebush won't continue ...

Tags: Events and Attractions, Australia

Alonso Crash Puts Focus On 'Halo' Device

Formula 1's existing safety measures "saved Fernando Alonso's life in a horrific crash on Sunday at the season-opening Australian Grand Prix but his escape has added a twist to the debate about proposed improvements to cockpit protection," according to Alan Baldwin of REUTERS. The Spaniard "clambere ...

Tags: Leagues and Governing Bodies, Europe, Australia

News Corp. Ponders Fox Sports, Foxtel Merger

News Corp. is "considering consolidating its broadcasting assets by combining Fox Sports Australia with its 50 percent stake in Foxtel to create a sports and entertainment pay-TV giant" ahead of an A$8B ($6.1B) stock market float, according to Darren Davidson of THE AUSTRALIAN. A deal would "transfo ...

Tags: Media, Australia

Financial Losses No Threat To Aussie GP

Victorian taxpayers will once again have to pick up the bill after Formula 1’s traveling caravan leaves town, but organizers say it is worth it. Australian Grand Prix Corp. Chair John Harnden told SBD Global that Sunday’s season opener “is a promotion” for Melbourne and Victo ...

Tags: Australia, Events and Attractions

Online Betting On Live Sport To Be Banned

Online betting on live sport "will be banned until at least the ­federal election and unlicensed ­foreign bookmakers barred from taking bets from Australians under sweeping reforms to be ­announced by the Turnbull ­government," according to Rick Wallace of THE AUSTRALIAN. In a bid to regulate the ra ...

Tags: Leagues and Governing Bodies, Australia

NZR Posts 2015 Loss Of $311,000

New Zealand Rugby said that it posted a loss of revenue last year "despite the continued global dominance of the All Blacks that culminated in a second successive World Cup triumph," according to Nick Mulvenney of REUTERS. NZR said that the loss of NZ$463,000 ($311,300) was lower than had been budge ...

Tags: Finance, Australia

Auckland Considering Waterfront Stadium

The debate over whether Auckland should have a stadium on its waterfront as proposed in '06 "has reignited," according to Maria Slade of STUFF. Auckland mayoral candidate Phil Goff said that Eden Park is not a longterm option for major sporting events and Auckland "needs to look at alternatives such ...

Tags: Facilities, Australia

Rio In Rush To Finish Transport Links

Olympic host Rio de Janeiro "may need to open a new train line extension without the five stations planned along the route in order to finish the line in time to transport spectators to the main Olympic Park at Barra during the Games in August," according to Nicole Jeffery of THE AUSTRALIAN. Austral ...

Tags: Olympics, Australia

MCG Concession Prices To Rise

Sports fans will "pay more for pies, hot chips and drinks" at the Melbourne Cricket Ground this year, according to Peter Rolfe of the HERALD SUN. The price of chips and pies will rise by 10c, soft drinks will cost 20c more and salads will be 30c dearer than last year at "Australia’s home ...

Tags: Facilities, Australia

Carmichael Announces He Will Step Down

The "merry-go-round of rugby officials" continued on Wednesday with Queensland Rugby Union powerbroker Jim Carmichael announcing he will step down at the end of the year while at the Waratahs New Zealander Andrew Hore was named as new CEO, according to Wayne Smith of THE AUSTRALIAN. Hore "spent the ...

Tags: Leagues and Governing Bodies, Australia

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