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Message: [QUOTE="Dexter, post: 2455183, member: 1978"] I heard about Ch 9s financial situation on Greg Careys talk show last Wed or Thurs. He asked specific questions relating to the NRL deal and that was the answer. The deal is guaranteed and that the NRL ppl negotiating were fully informed of the debt position all the way through. I found this below. I can't see Ch9 folding because nobody wins particularly the debtors. I think some type of debt restructure will be agreed upon and the debt repayment date pushed to a future date giving Ch 9 time to restructure their business. NRL comfortable in deal with debt-ridden Nine BY: STUART HONEYSETT From: The Australian September 26, 2012 12:00AM THE NRL says it remains confident that its $1.025 billion broadcast rights deal will be honoured regardless of the outcome of talks between the Nine Network and its creditors. "We've got a contract with Channel Nine and it's a binding contract so we're comfortable with our relationship," NRL interim chief executive Shane Mattiske said yesterday. "We know how important we are to Nine and clearly that will be understood by all the parties involved behind the scenes at Nine as well." The network is hoping to refinance the debt but yesterday's talks concluded with no resolution. [b]Mattiske said the NRL had been aware of Nine's financial plight before it signed off on the deal last month. The Ten Network was also keen to secure the rights while there was also interest from Seven before the league chose to remain with Nine. "We spent a lot of time during the negotiation process understanding the complexities that sit behind the Nine Network's investment and debt structure," Mattiske said. "That work allowed us to have comfort and certainty.[/b] [/QUOTE]

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