they both got significant losses. I hope the banks, ANZ and NAB, got a guarantee from NSW and/ or Telstra for the AFL because it could be a line of credit that just ends ina significant bad debt.
The AFL is unprofitable without FoxTel and FoxTel was already unprofitable each and every year, and is now much more so. So there is only one outcome IMHO and that is a line of credit that will become a bad debt.
a quick comparison of upside/downside, page-7
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