Roast AFL pisses “eight figures” up against the wall

[Jim Prideaux]

Govt donations been going on for 6 years.... you got 39 mill in 1 year only.

Govt donations for property, plant and equipment you need to remember also results in said sporting institution paying a lower tax rate since you are claiming depreciation on an asset you never paid for. You just get the cash you put in back via paying less tax then you should... Hawks arnt giving up anything but cash reserves they will retrieve back at a later date... and its not a loss of investment opportunity either because Hawks will actually receive more then they spent and end up financially ahead

Were way off topic, since this is about Waverly, but on what you said, the vic government isn’t giving us 39mill a year, all AFL teams get favourable tax rates, most of them get significant government investment on major projects. If the eagles don’t, well that’s a you problem.

 

[GoEaglesGoSGIO]

Were way off topic, since this is about Waverly, but on what you said, the vic government isn’t giving us 39mill a year, all AFL teams get favourable tax rates, most of them get significant government investment on major projects. If the eagles don’t, well that’s a you problem.

True about derailing so will end it here. In 2024 they received 38 mll in grants... Its written into the annual financial report. The Federal govt shows in the profit/loss statement of a intial 11.75 mill payment. Within the report however they state that 27.5 million of the reported costs also come from govt grants but that is added to the Hawthorn expenditure because the grant was given to the project and not the club itself (so basically its not income Hawks got, its income say Bobs Gym Factory received because the government gave the money directly to them and paid the bill on Hawks behalf).

 

[Jim Prideaux]

Original premise of the thread has been debunked so now we're talking about government funding for other facilities

But VicBias….

 

[BomberManU]

Most likely a base for the umpires.
Currently the umps dont even train together

...and it shows

 

[randyzany]

If you buy a vacant block of land, renovate it for millions and then sink more in and up keep costs, then it is worth more than when you bought it usually.

I dunno about that. Have Hawthorn really spent $20 million in doing up the place in the last 20 years since they were gifted this block of land for $1? That's not taking into consideration the fact that the heritage listed stand is a massive liability and why Mirvac were not interested in keeping it in the first place.

It's generally the land that drives up the value of a particular block of land, not the building and infrastructure that's sitting on it especially if it's heritage listed and old which severely limits what the owners can do with it. That's why you have so many developers knocking down older houses and building tiny new units and townhouses and selling then for a lot more than what they paid for them. I don't think this reasoning applies to the Waverley block of land hence why Mirvac had no interest in keeping it.

 

[randyzany]

But it was a tip that was going to sink us I thought. We’ve tipped in the majority of the cash, and it will have a large public facilities area on top of that. State government invests in development- well I’ll be damned

At last a Hawthorn fan that's honest about the location they've decided to build their training home base on. So many Hawthorn fans are in denial as evidenced by some of their posts in this thread.

 

[randyzany]

How would this go in the real world? If you sold me your house for 1 dollar and then you buy your house back from me for 20 million dollars 10 years later. How do you expect that whole situation would go?

Answer me that question and you will grasp the situation

I usually don't agree with Weagles fans, that carry a huge Vic Bias chip on their shoulder and are in denial about state side assisted flags of the 90s, on anything but on this occasion one of them is definitely spot on. Essentially all AFL clubs are contributing to this $20 million sale that is going into the pocket of 1 club for no good reason. I say these monies are taken out from their tv rights share. If they usually get $5 million a year from the TV rights then Hawthorn shouldn't receive anything from that income source for the next 4 years. Surprised other club fans are not up in arms about it, this is an utter disgrace.

 

[hawkman]

I usually don't agree with Weagles fans, that carry a huge Vic Bias chip on their shoulder and are in denial about state side assisted flags of the 90s, on anything but on this occasion one of them is definitely spot on. Essentially all AFL clubs are contributing to this $20 million sale that is going into the pocket of 1 club for no good reason. I say these monies are taken out from their tv rights share. If they usually get $5 million a year from the TV rights then Hawthorn shouldn't receive anything from that income source for the next 4 years. Surprised other club fans are not up in arms about it, this is an utter disgrace.

Why would we sell it to the AFL then if that was the conditions? We would just go to another interested party

 

[Philhawk]

Original premise of the thread has been debunked so now we're talking about government funding for other facilities

 

[Philhawk]

I usually don't agree with Weagles fans, that carry a huge Vic Bias chip on their shoulder and are in denial about state side assisted flags of the 90s, on anything but on this occasion one of them is definitely spot on. Essentially all AFL clubs are contributing to this $20 million sale that is going into the pocket of 1 club for no good reason. I say these monies are taken out from their tv rights share. If they usually get $5 million a year from the TV rights then Hawthorn shouldn't receive anything from that income source for the next 4 years. Surprised other club fans are not up in arms about it, this is an utter disgrace.

Quite funny. You realise the Hawks had other bidders for the property?

So knowing that, the Hawks should have chosen to sell to the AFL for the set market price - and then also accept lower distributions on the back side.

Beautiful.

 

[HairyO]

Govt donations been going on for 6 years.... you got 39 mill in 1 year only.

Govt donations for property, plant and equipment you need to remember also results in said sporting institution paying a lower tax rate since you are claiming depreciation on a asset you never paid for. You just get the cash you put in back via paying less tax then you should... Hawks arnt giving up anything but cash reserves they will retrieve back at a later date... and its not a loss of investment opportunity either because Hawks will actually receive more then they spent and end up financially ahead

Didnt the WA govt tip in $600m of the $1b for Optus stadium?

Do they get 60% of the revenues on WCE game days? Maybe just 60% of the profits then.

And the Geelong posters in here are funny. Vic govt have spent over $500m on the dump of a ground and still cant make it even remotely oval shaped.

 

[76woodenspooners]

I read the thread title and thought this was about the graffiti incident at Princes Park.

Disappointed

 

[Rotayjay]

#freekickhawthorn

 

[GoEaglesGoSGIO]

Didnt the WA govt tip in $600m of the $1b for Optus stadium?

Do they get 60% of the revenues on WCE game days? Maybe just 60% of the profits then.

And the Geelong posters in here are funny. Vic govt have spent over $500m on the dump of a ground and still cant make it even remotely oval shaped.

We pay rent like others. The govt plan is to recoup the money within 20 years and they getting their before that

 

[HairyO]

We pay rent like others. The govt plan is to recoup the money within 20 years and they getting their before that

But the AFL will get zero out of Waverley?

 

[GoEaglesGoSGIO]

But the AFL will get zero out of Waverley?

No indication they will ? Happy to be proven wrong though.

If they plan to rent it out who to?

 

[HairyO]

No indication they will ? Happy to be proven wrong though.

If they plan to rent it out who to?

Given none of us were involved in any of the sale negotiations, who the **** knows?

But that doesnt stop people posting crap, like how it was originally sold for $1, even though the AFL got $110m.

 

[randyzany]

Why would we sell it to the AFL then if that was the conditions? We would just go to another interested party

Quite funny. You realise the Hawks had other bidders for the property?

So knowing that, the Hawks should have chosen to sell to the AFL for the set market price - and then also accept lower distributions on the back side.

Beautiful.

I realise there's fat chance of this happening but I'm talking as if it's a done deal so clubs should band together to get a form of restitution from this blatant highway robbery of all AFL clubs. Have to say that I'm saddened and disappointed about the apathy from other clubs about this thievery from the league to benefit just 1 club for no good reason. There's steam coming out my ears but it seems I'm in the minority.

The AFL got $110 million for 99.99% of the land Waverley Park was sitting on. Mirvac gave away 0.01% that contained the oval and stand because they either were too lazy and stupid to be arsed thinking of ways to monetise the relatively tiny heritage listed area or blatantly corrupt in deciding to gift it to Hawthorn possibly because someone high up at Mirvac is/was a Hawthorn fan and wanted to help out the club he liked.

Though I suspect there was some agreement between the AFL and Mirvac to eventually give away the heritage listed area to a club a few years down the track but it's staggering that they made no attempt to hide that corruption by selling it for $1. I could have put in a bid for a lot more than that. Similar to how Doncic was traded without making other teams know of his availability via trade, I'm assuming that this deal was sealed without really opening it to any other parties besides supposedly St Kilda at first and then Hawthorn.

It was a stupid decision that made no sense as the AFL should have kept that heritage listed area and used it for something that could easily promote the game in the surrounding suburbs. Worst case scenario just keep it and lease it for cheap to the poverty stricken Hawthorn but giving it away for a penny was preposterous and wreaked of corruption.

 

[MadMaxx]

Here is a thought..

If Hawthorn didn't sell the facility to the AFL.. They probably would have sold it for more to another buyer..

News reports were clear that the price was below Hawks Asking price of $20m, and Dillon even thanked Ash Klein (HFC CEO) for facilitating the deal in his presser.

We are the good guys here.

 

[Bunk Moreland]

Here is a thought..

If Hawthorn didn't sell the facility to the AFL.. They probably would have sold it for more to another buyer..

News reports were clear that the price was below Hawks Asking price of $20m, and Dillon even thanked Ash Klein (HFC CEO) for facilitating the deal in his presser.

We are the good guys here.

In all seriousness the Hawks haven’t done a thing wrong. Everything they’ve done with Waverley over the years has turned to gold, good luck to them.

The AFL on the other hand, what a farcical failure to plan.

 

[Bjo187]

The AFL always piss money up the wall. For how much they bring in over $1 billion per year in revenue (30% higher than the second sport and about 80% more than soccer and basketball), the sport should be more dominant than it is, but there are so many hangers on and vested interests in the game now and the afl just feed them.

That extra money from the new tv rights for example, it just got eaten up by ex player funds, chipping in for facilities across Australia which no other sport ever does, pay rises for 600 W players for a league already losing tens of millions per year, a bloated staffing at AFLhq, covering for executives on 1 mill per year that can't do the role by themselves etc etc.