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Message: [QUOTE="subsbligh, post: 2455147, member: 1950"] That's the point. There's only so much information you can obtain publically about the financial position (even of a public company) and most of the time you have to rely (trust) what you're provided with. I imagine a well advised NRL would have sought parent company guarantees (i.e. from PBL), rights for termination for insolvency events, warranties about the financial position of the company, restrictions on change in control of Channel 9 etc etc. Still, those things would at best give the NRL the right to get out of the Channel 9 contract and recoup some of its damages by calling on the guarantee (which is a shit fight in the best of situations anyway). None of those things protect the NRL from having to go back to market where everyone knows that they are desperate for a new broadcaster and Channel 7, Fox or Channel 10 getting a bargain and the NRL getting screwed. And more culpable if the deal went to shit would be the NRL commission for not doing their due diligence because the lure of the $1BN deal and the subsequent kudos they received... [/QUOTE]

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