Sydney, 4 May 2011: Clayton Utz advised valued client Seven on its recently announced acquisition of AFL free-to-air television broadcasting rights for 2012-2016.
This historic deal, finalised last Thursday, saw Seven and Foxtel acquire broadcasting rights and Telstra acquire online rights from the AFL for a total consideration of A$1.253 billion.
The transaction has been described as a "landmark agreement" and was hailed by Channel Seven boss David Leckie as a "great deal for the AFL and a great deal for us."
Lead partner on the transaction Kate Jordan commented, "This deal is a great result for our client and for fans of the AFL across Australia. We are delighted to have had the opportunity to work with valued client Seven on this deal and we congratulate Seven and all parties to the agreement."