Capt Hindsight
Cancelled
- Sep 22, 2016
- 1,834
- 1,634
- AFL Club
- Essendon
The AFL purchased Docklands (Etihad) stadium for a speculated figure around 200 million last year.
Naturally tenant clubs have been expecting better stadium agreements now that is an AFL owned venue.
However the benefits of the new proposed agreements appear to be less than tenant clubs have hoped for.
According to a recent article:
Essendon to push for extra MCG game
by Caroline Wilson in the The Age (09/08/2017).
http://www.theage.com.au/afl/afl-news/essendon-to-push-for-extra-mcg-game-20170809-gxsw7f.html
'clubs have told Fairfax Media that the AFL's initial financial forecasts to the tenant clubs for 2018 were in some cases barely 10 per cent ahead of previous returns.'
'The AFL has told the clubs it wants to pay off a significant proportion of the Etihad debt by the end of the current six-year broadcast rights deal, fearing the next media deal will fall in value.'
http://www.theage.com.au/afl/afl-news/essendon-to-push-for-extra-mcg-game-20170809-gxsw7f.html
To spend so much money to buy Docklands Stadium and for tenant clubs to only receive deals that are 10 percent better financially than what they previously received so the AFL can pay off the debt incurred to buy the stadium seems to defeat the purpose of buying the stadium in the first place.
Naturally tenant clubs have been expecting better stadium agreements now that is an AFL owned venue.
However the benefits of the new proposed agreements appear to be less than tenant clubs have hoped for.
According to a recent article:
Essendon to push for extra MCG game
by Caroline Wilson in the The Age (09/08/2017).
http://www.theage.com.au/afl/afl-news/essendon-to-push-for-extra-mcg-game-20170809-gxsw7f.html
'clubs have told Fairfax Media that the AFL's initial financial forecasts to the tenant clubs for 2018 were in some cases barely 10 per cent ahead of previous returns.'
'The AFL has told the clubs it wants to pay off a significant proportion of the Etihad debt by the end of the current six-year broadcast rights deal, fearing the next media deal will fall in value.'
http://www.theage.com.au/afl/afl-news/essendon-to-push-for-extra-mcg-game-20170809-gxsw7f.html
To spend so much money to buy Docklands Stadium and for tenant clubs to only receive deals that are 10 percent better financially than what they previously received so the AFL can pay off the debt incurred to buy the stadium seems to defeat the purpose of buying the stadium in the first place.
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