Whenever a club, promoter, matchmaker, assistant matchmaker or anyone else acting for or under the management or control of the club is negotiating for the sale, lease, transfer, or other exploitation of broadcasting and television rights of a contest, match, or exhibition, the club shall file with the commission no later than three days before the contest, match or exhibition a copy of any and all contracts which exist at the time for the sale, lease, transfer, or other exploitation of such rights. If no such contract is in existence at that time then the club shall file a statement under penalty of perjury setting forth the gross price or value which the club reasonably anticipates receiving directly or indirectly for such rights.

In addition to suspension, revocation, or fine, if a club violates this rule, the commission or its duly authorized representative may withhold from the club's gross receipts sufficient funds to cover any taxes which may reasonably be anticipated to be due pursuant to Section 18824 of the code.