Cricket Australia set to cut ties with Channel Nine in $1Billion deal

The NZ Herald & news.com.au are reporting that times they are a changing for Cricket fans in Australia.

Foxtel is reportedly set to take over from Channel Nine in a deal reportedly said to be worth at least $1 billion over the next six years.

Foxtel is said to be in talks with Channel Seven & Channel Ten on who will partner its bid, according to the Financial Review.

Nine has held the rights for the past 40 years and its five-year deal worth $500 million with Cricket Australia is now up, with reports it is losing more than $30 million a year on international cricket.

Due to anti-siphoning laws Foxtel cannot hold sole rights because major international cricket must be shown on free-to-air television.

This article was first published on nzherald.co.nz and is republished here with permission.