146MWhat constitutes an offer to transfer rights to televise live events

146M  What constitutes an offer to transfer rights to televise live events  (1) For the purposes of this Division, a national broadcaster (the first national broadcaster) is taken to offer to transfer to the other national broadcaster the right to televise live:  (b) the whole or a part of a particular designated series of events; if, and only if, the first national broadcaster offers to make an arrangement (whatever its terms or form) which in substance gives the other national broadcaster the right to televise live the whole or the part of the event or series, as the case may be.  (2) In determining whether an arrangement is covered by subsection (1), regard must be had to the practical effect of the arrangement.