The race that stops a nation is set to become the latest sports event to switch channels.
November 6 could well be the last time we'll see the Melbourne Cup on Channel 7 with Channel 10 reportedly about to secure the broadcast rights.
Sources say a contract between $5million and $10million per year could be signed as early as this weekend,The Herald Sun reported.
This year could be the final time the Melbourne Cup (pictured) will be aired on Channel 7, which has had broadcast rights since 2002
The network would also broadcast Victoria Derby, Oaks Day and Stakes Day as part of the deal.
While Channel Ten wouldn't confirm the deal, Channel 7 has told media outlets that 'while another party has placed a far higher valuation on these four afternoons of television, we will do what is financially responsible and right for our shareholders.'
'We are proud of our award-winning racing coverage, but as we have consistently said about the economics of sports rights, the deal must make commercial sense or we will step away,' a spokesman said.