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Unitab Dismisses Rumors

6 January 2004

AUSTRALIA – As reported by the Australian: "TAB takeover suitor Unitab has dismissed the prospect of a new broadcaster taking over from Sky Racing as 'ludicrous', despite reports of growing interest from Australia and overseas.

"Unitab managing director Dick McIlwain said the move by the NSW and Victorian racing fraternities to pool their broadcast rights before contract negotiations this year was unlikely to hurt Sky's owner, NSW-based TAB.

"…Queensland-based Unitab has made a bid for TAB and there are concerns the loss of the broadcast rights could hurt the value of TAB.

"Mr McIlwain said the only way there would be a materially adverse effect on the value of TAB was if Sky were to negotiate a different contract…"

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