Geelongs 150 million government investment - Is this fair on the rest?

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Kwality

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1: Geelong will just get less AFL handouts compared to over clubs over the next years.

2: The Government doesn't decide funding based on what the AFL wants, and if the AFL tries to manipulate it then the Government will just dry up the money.
How does that work?
 

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Our Game

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Its only helping 1 team and 1 team only and has no ability to do anything but serve Geelongs interests. Its kind of the same concept. Why is the AFL letting hundreds of millions go into 1 team when the others are broke and on their ass?

The Victorian government actively went out of there way to improve the training facilities They are spending 40 mill on the facilities including training facilities. They got two lots of cash

We can change the title I suppose to 42 mill which is whats being spent on improving Geelongs footbal facilities
Its serves the whole of the Geelong areas interests not just the football/cricket club!
The Andrews Govt hold all the seats in the Geelong area and this is payback time!
 

Taylor

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Cockburn is a super facility, are Freo being charged as per the OP claim?
It's really good. It's arguable that Freo spending what they did on the training base is what created the 2015 football department soft cap.

Freo committed to the $109,000,000 before the 2015 season, right at the start of the year. Then the AFL brings in the soft cap on football department spending.
 

Our Game

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Or should the AFL deem market value rent to be paid by Geelong when assessing the amount to be included in the soft cap?

Or can a club sponsor provide Alter G machines for $1 and only that much would count?
The AFL don't own Kardina Park and neither does Geelong FC! The stadium is owned and operated by the Kardinia Park Stadium Trust,

"The Kardinia Park Stadium Trust (Trust) is a statutory authority established under the Kardinia Park Stadium Act, 2016.

The Trust, governed by a board of seven Trustees, has been established to administer, promote and manage the Kardinia Park Stadium Trust Land more commonly known as GMHBA Stadium".
 

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Rob

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The AFL don't own Kardina Park and neither does Geelong FC! The stadium is owned and operated by the Kardinia Park Stadium Trust,

"The Kardinia Park Stadium Trust (Trust) is a statutory authority established under the Kardinia Park Stadium Act, 2016.

The Trust, governed by a board of seven Trustees, has been established to administer, promote and manage the Kardinia Park Stadium Trust Land more commonly known as GMHBA Stadium".
Yes. Geelong rent it.

What's your point?
 

HaroLad

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I think the West Coast Eagles will end up with their own stadium eventually, wholly owned by the club and pulling in $80,000,000 a season from it.

The most difficult part of the deal after financing is having the AFL fixture games at the 50,000 seat Hungry Jacks Stadium over the 60,000 seat Optus Stadium, that's what Geelong has trouble with at the moment.
Is that a legitimate possibility?

I'd imagine heads will roll at the WA state government if it does
 

Taylor

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Is that a legitimate possibility?

I'd imagine heads will roll at the WA state government if it does
I don't think it's an anytime soon thing. WCE are a financial powerhouse that I expect to have nearly $200m in assets/cash by the middle of the decade and if they decide to take the plunge on securing the financial future of their club and the WAFC by building their own stadium then I think they will.

If the AFL introduces a third WA side it will ease the issue for the state government.
 

Kwality

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I don't think it's an anytime soon thing. WCE are a financial powerhouse that I expect to have nearly $200m in assets/cash by the middle of the decade and if they decide to take the plunge on securing the financial future of their club and the WAFC by building their own stadium then I think they will.

If the AFL introduces a third WA side it will ease the issue for the state government.
Building a ground for 11 games a year, to be announced any April 1 of a year sometime tba.

More likely to buy Burswood Casino with Crown on the nose. :oops:
 

Freomaniac

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How much did the WA government spend on the Perth stadium?
It was at least 1 billion dollars. But I see your point.

Also it's right near the casino Too, how convenient. Not to mention the 🏨 hotel buildings next to the casino Too.

Then you look at South Australia. cost a fair bit to redevelop Adelaide oval too.

Fancy that the Skycity Adelaide casino is only 5-10 minute walk away from the Adelaide oval too.


Also the Adelaide casino is having extensions such as more hotel rooms too.
 

PhatBoy

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Its only helping 1 team and 1 team only and has no ability to do anything but serve Geelongs interests. Its kind of the same concept. Why is the AFL letting hundreds of millions go into 1 team when the others are broke and on their ass?

The Victorian government actively went out of there way to improve the training facilities They are spending 40 mill on the facilities including training facilities. They got two lots of cash

We can change the title I suppose to 42 mill which is whats being spent on improving Geelongs footbal facilities
As opposed to the colossal number being helped by the WA government with Optus.

2 comes right after 1....
 

Kwality

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As opposed to the colossal number being helped by the WA government with Optus.

2 comes right after 1....


Lets see if the OP can link any of his claims - the $60mil loan claim is just rubbish,

The Eagles will battle to break even for the 2020 year:

EAGLES CASH SMASH
West Coast count cost of pandemic-hit season

The West Australian 6 Nov 2020 MARK DUFFIELD CHIEF FOOTBALL WRITER

West Coast chief executive Trevor Nisbett says the Eagles’ revenue will be slashed by $44 million in 2020 in what he has described as arguably his toughest year in the AFL.

In an exclusive interview with The West Australian, Nisbett, pictured, said the club was trying to claw its way back to a break-even standpoint for the year through cost cuts, but had still paid a $1.1 million royalty to the WA Football Commission.

The club believed a return to profit was possible. But there would be some carryover of the pain from the COVID-19 season because members who had donated their 2020 membership to the club would be owed discounts next year.

He said having to cut jobs and wages was by far the toughest part of the season. “I have had a few tough years but this was terrible in terms of our relationship to our people,” he said.

“We have had to deal with what a lot of people have had to deal with but ours is a real people business. People have lost their jobs, people have been made redundant and others have looked for other work because of lower salaries.

“It has been a really complex issue to deal with. We have had to cut a lot of costs out of the business through necessity because the income is just not there.

“From a turnover point of view we are 50 per cent smaller. We turned over $89 million in 2019. In 2020 it is around about $45 million. You have to cut your costs accordingly.”

He praised the support the club received from members, corporates and sponsors.

“We have been able to give back to our members by saying if you stay with us you get a discount next year and, touch wood, everything is going to get back to some form of normality with full crowds and everyone will be able to go to the football again,” he said.

“Our (financial) year is completed on October 31 and we have still got some stuff coming in. Our aim is to break even and we hope we get close to that.”

He said a return to profit in 2021 would depend on a return to normality. “If we are in the same situation next year ... well, let’s hope that doesn’t happen. If we are back to normal, we should be back to profit,” he said.

“Then we should be able to pay additional royalty on top of our baseline royalty. We paid $1.1 million this year to the WAFC. We want to pay more than that because the industry needs that. “That was a commitment we made and regardless whether we made a profit or not, that will just come out of our reserves.”
:thumbsu:
 

Xtreme

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It's not that much of an advantage when their ground's dimensions are not the same as the MCG.................. kind of defeats the purpose.
 

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