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Channel 9 financial woes
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[QUOTE="Huge, post: 2455123, member: 1992"] It's inconceivable that Channel 9 did not know that they were under the pump financially when they negotiated the deal with the NRL. Each one of us knows how much money(or debt burden) we have at any given time. If, for example we were considering buying a new car we would know exactly where we stood financially and certainly would have a very clear idea as to whether or not we could afford the purchase. Most of us are not financial experts but that sort of knowledge would be plainly obvious, even to us. A near billion dollar purchase would have to be well researched and understood and Channel 9 must have employed some financial expertise before even contemplating the deal. I find the news staggering and wreaks of duplicity and must be fully investigated. How could such a deal be even considered if the management was aware of the parlous state of the finances and if they plead ignorance ,then surely it most be the most incompetent team of managers in television history. [/QUOTE]
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Channel 9 financial woes
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