Quote:
Originally Posted by OLD BOY
Who says I dispute that capitalists seek to maximise profits? It’s the conclusions you reach that I am disputing.
I said that the reason this request for the next auction to be postponed was the coronavirus, and this is confirmed in the letter from the Premier League. I stand by that.
By the way, I agree with you that the sky is blue. No link required.
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I think you’ll find it’s the uncertainty over the value - which you had accepted earlier. Basic supply and demand tells you that had there been clear demand there would be clear additional value - and an auction.
Yet I’ve pointed to many cash heavy media companies who
could “blow Sky/BT” out the water on the basis of existing assets. The key point that I’ve been trying to tell you (and you persistently ignore) is there’s no viable underlying business model that warrants that kind of outlay.
If a streamer wanted to enter the market the best time was 3 years ago when the value of the rights declined. The second best time is now.
Yet there’s no appetite.