Sky and Sanzaar (the four Southern Hemisphere major rugby unions) might be unwise to proceed with the deal announced today without getting clearance by the Commerce Commission.

It looks to me to potentially have problems, which might only be solved by an unusually strong commitment on Sky and NZ Rugby to ensure wholesaling to Sky's competitors on adequate price and quality terms. Having been around many of these wholesaling obligation scenarios over many years in Commerce Commission matters, my expectation is that there is no sufficiently strong commitment in place between Sky and NZ Rugby yet (and in fact even

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