Established in 1994, Ceramic Solutions has excelled at the supply and installation of swimming pool tiles and equipment for the pool and leisure industry, with a focus on the needs of end-users. …read more
ASIC investigating award of Australian Open broadcast rights
Tennis Australia is being investigated by the Australian Securities and Investment Commission for its 2013 sale of broadcasting rights to the Australian Open without a competitive bidding process.
The corporate regulator is reportedly investigating claims a conflict of interest involving prominent businessman and former Tennis Australia Director Harold Mitchell that may have influenced the decision to sell the television rights for the Australian Open to Seven West Media and how the television deal was handled by Tennis Australia's board led by President Steve Healy.
It is understood that Tennis Australia and Seven agreed to a five-year extension to the network’s broadcast deal, covering the years 2015 to 2019, worth about $200 million without putting the deal to the open market.
It has been suggested that the deal may have undervalued the broadcasting rights by around $50 million.
At the time of the deal, Mitchell was Vice-President of Tennis Australia and Chairman of Aegis Asia Pacific, which had commercial dealings with Seven.
At that time, the Tennis Australia board was sharply divided over whether to extend its long-standing broadcasting deal with Seven West Media or launch a new competitive tender.
The board of Tennis Australia in 2013 included Healy, Dr Janet Young, Mitchell, Chris Freeman, Ashley Cooper, Jim Davies, John Fitzgerald, Graeme Holloway and Scott Tanner.
A spokeswoman for Tennis Australia defended the decision to award Seven the broadcast rights, stating “the current domestic broadcast contract is the largest in Tennis Australia’s history. It was rigorously negotiated in 2013 and created a platform upon which the organisation has grown global broadcast rights exponentially.
“A lot of public speculation about the deal is seriously misinformed and without any understanding of the true value of the deal, which was unanimously supported by the board.
“The strategic decision behind the agreement enabled a transformation of Tennis Australia’s media rights business including in-house production, transmission and sales. The additional funds have contributed substantially to major investment back into the sport.”
Commenting on the reported investigation to Fairfax, Tennis Australia Commercial Director Bruce McWilliam advised “a disaffected former board director has made the allegation notwithstanding they voted for the deal. The deal was a fantastic deal unanimously approved by the Board.”
Tennis Australia last year ordered an independent review into whether a serving board member in 2013 had an undisclosed material conflict of interest during the negotiations.
18th January 2017 - AUSTRALIAN OPEN TENNIS VIEWERS A DIFFERENT BREED TO THOSE WHO PLAY TENNIS
13th January 2017 - AUSTRALIAN OPEN TO FEATURE NEW FAN ENGAGEMENT INITIATIVES
11th December 2016 - TENNIS AUSTRALIA STRENGTHENS INTEGRITY MEASURES AHEAD OF AUSTRALIAN OPEN
11th October 2016 - AUSTRALIAN OPEN ORGANISERS LOOK TO ENHANCE LINKS WITH ASIA FOR 2017 TOURNAMENT
26th June 2015 - ASIC FINES RHINOMED OVER NON-DISCLOSURE OF PROMOTIONAL CAMPAIGN
Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?
The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.
However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.
Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.
Subscriptions cost just $90 a year.
Click here to subscribe.
The Complete Guide to Leisure Industry Products & Services.
Since 1989 Elite Pool Covers have designed and manufactured an extensive range of high quality affordable manual,semi-automatic and fully-automatic pool cover systems for the harsh Australian…read more
iDwala is the Community Sports Surface Specialist offering the highest quality designs and technical expertise to Councils, Schools and Sporting Clubs looking to create sporting…read more
As of the 1st July 2018, Enta Australasia Pty Ltd/Best Union has been rebranded as VIVATICKET Pty Ltd. Click here to view the VIVATICKET Pty Ltd listing. 19th July 2018 - ENTA…read more
The Jump Pad is a safe, flat inflatable made in a variety of sizes which can be used indoor or outdoor. From 3mx3m up to a whopping 9mx21m. Markets include Indoor and outdoor playgrounds, schools,…read more
Track. Engage. Retain GreeneDesk is a suite of cloud based software solutions helping health clubs, leisure centres and swim schools to effectively track progression, improve customer engagement and…read more
AIS Water, the trading name of Australian Innovative Systems, is a multi-award winning, Australian owned leader in the design, production and supply of commercial and residential chlorine generators…read more
Sports Padding At Rae-Line we manufacture high quality sports padding, gym mats, foam mats and protective padding, suitable for a range of different facilities. Our sports padding is…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!