Seven West Media and Foxtel have sealed revised broadcast agreements for the AFL, reducing the value of the current deal by nearly $54 million per season to the end of 2022, less than a hour before the return of Aussie rules with Collingwood v Richmond.
It's believed Seven will save around $70 million on AFL rights fees over the next three years, while Foxtel will save around $90 million. Seven has also secured a two-year extension, foreshadowed by The Australian Financial Review in February, under improved terms.