Analysis Stadium deals - what, how, when - why we need a new one and the SA footy paradigm shift happening

[Forzaport]

Depends how the deal is structured and what sort of partnership they are in and how much development risk the SANFL were prepared to take on. Its low ball compare to the $300mil argued back in 2008 by Relapse in the stadium thread on the BDC - which I knew back then GFC or no GFC was way over the top.

#PH408

Isn't part of the point of the AAMI redevelopment to provide a continuous revenue stream for the SANFL so they don't have to leach off the AFL clubs?

 

[tribey]

Penberthy has written an article about the SANFL - Port and the AFL. In the paper the headline is - SANFL Caught in a debt trap of Port's making.

#PH408

What came first, the chicken or the egg? Had the SANFL not been so greedy and mismanaged themselves into a corner by not providing Port Adelaide and the Crows with fair stadium deals they'd probably have their upgraded mausoleum at West Lakes in perpetuity.

We were bleeding to death on matchdays and the SANFL couldn't give a lazy f#@k and now we're supposed to feel sorry for this archaic organisation because they hit the skids having to clean up their own mess by handing us cash we'd earned them in the first place.

Penbo can jog on.

 

[RussellEbertHandball]

Isn't part of the point of the AAMI redevelopment to provide a continuous revenue stream for the SANFL so they don't have to leach off the AFL clubs?

Yeah but if you have $37-$40mil debt and arent prepared to take a higher risk and have a bigger part of the development then there will be a smaller future fund type set up to provide a new income stream.

#PH408

 

[Papa G]

Is that $71 million just for Max Basheer reserve up to Frederick road or the whole damnef thing?

 

[SgtSchulz]

A vessel of millionaire leeches or a vessel of the AFL...I really couldn't give a ****.

 

[Pt Augusta Power]

So 9 SA players drafted. Must need more from their measly stadium deal to help further their already enormous efforts in junior development.

 

[raptalia]

On Tuesday the SANFL were offering to pay back a $10M they apparently owe to the AFL on Friday they are stoney broke. Which is it?

For two weeks Rucci has told us that the SANFL gets the lions share of the catering and the AFL Clubs get zilch. Today Peberthey tells us that it is the other way round and the SANFL has lost the revenue from the catering it had at AAMI. Which is it?

I have covered the anomalies in Pemberthey's story in another thread so I will not repeat but I have to wonder where Pemberthey got his facts from.

John Olsen was just on TV re the sale of AAMI and I missed most of what he said but he did say that the SANFL still owe money on the Northern Stand at Football Park and they will have to recoup that through the sale of West Lakes assets. I guess Port will get the blame for that to.

 

[OneGreatClub]

Penberthy has written an article about the SANFL - Port and the AFL. In the paper the headline is - SANFL Caught in a debt trap of Port's making. Online the headline is


David Penberthy: Will SANFL become a compliant vassal of Melbourne’s AFL House?

IT still has its critics, and they obviously have the right to be critical, but the vast majority of South Australians clearly regard the new Adelaide Oval as one of the best things to have happened in our state.

I am firmly in the latter camp. Forget footy, cricket and the Stones, you would go there to watch two Russians play chess. The new Oval is also a cash cow. Where there’s cash there is often also a fight, as is now the case between the SANFL and the AFL clubs over the twin issues of board representation on the Stadium Management Authority, and revenue sharing.


The purpose of this column is not to explore the arguments around the revenue split, but to record the financial realities facing the SANFL which have been shunted aside.

There was a jaw-dropping revelation made to the nine SANFL league directors at their meeting on Tuesday night. The league directors represent the eight non-AFL SANFL clubs, with the 9th director, former Premier Rob Kerin, representing community football.

SANFL chairman John Olsen told the directors that earlier this year Westpac, the SANFL’s bank of more than 40 years, refused to let the SANFL bank with them any more over fears about its cash flow.

Westpac called in McGrath Nichol, a consulting firm specialising in insolvency issues, to run the ruler over the SANFL. They didn’t like what they saw. Westpac told the SANFL it would have to do its banking elsewhere. The cost of the McGrath Nichol review was $420,000 and the bill for that was passed on to the SANFL, too.

The chief reason for Westpac’s concern was whether the SANFL could meet its cash flow requirements. Unlike SACA, which had its debt wiped clean when it agreed to the Adelaide Oval upgrade, the SANFL remains lumbered with debt due in large part to its previous multi-million dollar bailouts of the formerly shambolic Port Adelaide Football Club.


David Penberthy: Will SANFL become a compliant vassal of Melbourne’s AFL House?




As per the sale proceeds story today



But its just not us



The Sanfl are struggling


ah but the fear of the Vics



#PH408

 

[ibd77]

John Olsen/SANFL sells football park then goes on to complain that both AFL clubs (mainly Ports fault of course) caused them to accumulate $16M of debt due to bailouts.
For the sale they get $10M up front followed by another $50M over 15 years.
They still cry poor even after they were gifted the Adelaide Oval.
My question is what debt??? When were they in debt???

 

[OneGreatClub]

What about the debt caused by Crows free rent Pembo? Isn't then the debt of both the Crows and Ports making(and the under performing SANFL clubs) ? Why single out Port constantly? All the SANFL has ever done is to put blocks in the way of the Power and then they blame the Power for the resulting debt? I hate the SANFL and their ambassadors with a vengeance.

 

[raptalia]

John Olsen/SANFL sells football park then goes on to complain that both AFL clubs (mainly Ports fault of course) caused them to accumulate $16M of debt due to bailouts.
For the sale they get $10M up front followed by another $50M over 15 years.
They still cry poor even after they were gifted the Adelaide Oval.
My question is what debt??? When were they in debt???

I do not think there is any doubt that the SANFL was in debt. There was a figure of $27M bandied about a few back when we got a bailout from them. I think a lot of that was money owed on the Northern Stand and a large chunk is probably the $18M that Olsen was on about on SEVEN earlier tonight.

The bit in Peberthey's article that is intriguing is the $1.3M annual cost to the SANFL for maintaining the Crows training grounds. How long has that been going on? If indeed it is going on and how much has that cost in total? I think Pemberthy's figures are pretty suspect in several areas so that might not be accurate either but you still have to wonder.

 

[FPPF]

View attachment 94710

Seems low. Wouldn't put it beyond the realm of Olsen and his cronies to deliberately lowball themselves to strengthen their position in the current negotiations.

Wouldn't surprise me if the bastards have secretly pocketed a few million them selves.

 

[Papa G]

Lol. We got them to sell their citadel.

 

[*PAF]

I know I've said it before but $1.3mil per year to maintain a training ground is a shit of a lot of money for not much.
That's a $25,000 a week contract.

 

[*PAF]

25 grand will buy you approximately 200,000 litres of sheep manure.

For 25 grand one can also buy approximately 500 cups of coffee made from pure Arabica beans that have been roasted in Elephants stomachs, and individually picked from their dung after they've travelled through the animal's plumbing network.

 

[Portress Hill]

They always ran a good BBQ. I'll give them that.

with a belly of beer, whats a bad bbq?

 

[DSL64]

They always ran a good BBQ. I'll give them that.

I was thinking the same thing...

 

[RussellEbertHandball]

I know I've said it before but $1.3mil per year to maintain a training ground is a shit of a lot of money for not much.
That's a $25,000 a week contract.

If they still employ 12 groundsmen then there is $1mil of salary + on costs. At $3.23 a kilolitre they probably have a $100k waterbill. The place is still kept in tip top shape.

#PH408

 

[*PAF]

If they still employ 12 groundsmen then there is $1mil of salary + on costs. At $3.23 a kilolitre they probably have a $100k waterbill. The place is still kept in tip top shape.

Yeah but 12 full time groundsmen for a training ground?

 

[RussellEbertHandball]

Yeah but 12 full time groundsmen for a training ground?

Its the sanfl.

#PH408

 

[*PAF]

Its the sanfl.

#PH408

The probably included the cost of temporarily closing off some footpaths.

 

[SgtSchulz]

Port should have joined the VFL in the 1960's. SANFL scum.

 

[powermacs]

So 9 SA players drafted. Must need more from their measly stadium deal to help further their already enormous efforts in junior development.

I would love to know what they spend on "real" football. Local clubs, run by volunteers, develop the players and if they're good enough they get poached to play for Norf ect. I was speaking to a friend who does some coaching with an u/16 $ANFL side and they might be lucky to get some $ to cover their travel and phone bill. Kids subs pay for umps and uniforms. Council maintains the grounds so what exactly do the $ANFL do for footy in this state??

 

[FPPF]

Yeah but 12 full time groundsmen for a training ground?

Jobs for the boys..and their family..and their mates..and their mates..
Haven't you worked out how South Australia works yet?

 

[Mattrox]

The bit in Peberthey's article that is intriguing is the $1.3M annual cost to the SANFL for maintaining the Crows training grounds. How long has that been going on? If indeed it is going on and how much has that cost in total? I think Pemberthy's figures are pretty suspect in several areas so that might not be accurate either but you still have to wonder.

I think the $1.3m is accounted for in the stadium deal. The figures released in 2010 account for this. There is no such thing as free rent.