RussellEbertHandball
Flick pass expert
- Thread starter
- #51
Re: Stadium deals - what, how, when - why we need a new one and the SA footy paradigm shift happenin
The land at the MCG and surrounding car park area etc is owned by the MCG Trust. Their only other asset of any signficance is the items in the National Sports Museum collection. They have no debt on their balance sheet. They have issued management rights to the Melbourne Cricket Club. It is the Melbourne Cricket Club who have taken out the debt to build the Great Southern Stand and the Northern Stand and they show these assets as leasehold improvements in their books against the debt.
I was technically incorrect to say all 3 grounds are owned by government trusts with respect to all the assets. But the land the stadiums are built on are all owned by government trusts.. The Gabba and SCG, the land and buildings are owned by a government trust and those trusts have management rights. But in the case of the MCC it is close enough to government owned as the MCC don't distribute their profits the same way the SANFL does to its 9 clubs.
The land that Adelaide Oval is on is a 99 year crown lease from the Adelaide City Council as far as I am aware from my readings about the oval over the years. The buildings on the land are owned by the SACA and they show this in their accounts as leashold improvements. You will see that at note 10 of the 2007-08 SACA annual accounts. So the SACA and its set up at Adelaide Oval is different to the MCG Trust/MCC set up. It is also different to the Gabba and SCG set up.
The MCG Trust has a fair amount of influence on the MCC management of the ground. Not so much from a day to day running of the place but when the big decisions have to be made the MCG Trust get involved or are lobbied.
The land at the MCG and surrounding car park area etc is owned by the MCG Trust. Their only other asset of any signficance is the items in the National Sports Museum collection. They have no debt on their balance sheet. They have issued management rights to the Melbourne Cricket Club. It is the Melbourne Cricket Club who have taken out the debt to build the Great Southern Stand and the Northern Stand and they show these assets as leasehold improvements in their books against the debt.
I was technically incorrect to say all 3 grounds are owned by government trusts with respect to all the assets. But the land the stadiums are built on are all owned by government trusts.. The Gabba and SCG, the land and buildings are owned by a government trust and those trusts have management rights. But in the case of the MCC it is close enough to government owned as the MCC don't distribute their profits the same way the SANFL does to its 9 clubs.
The land that Adelaide Oval is on is a 99 year crown lease from the Adelaide City Council as far as I am aware from my readings about the oval over the years. The buildings on the land are owned by the SACA and they show this in their accounts as leashold improvements. You will see that at note 10 of the 2007-08 SACA annual accounts. So the SACA and its set up at Adelaide Oval is different to the MCG Trust/MCC set up. It is also different to the Gabba and SCG set up.
The MCG Trust has a fair amount of influence on the MCC management of the ground. Not so much from a day to day running of the place but when the big decisions have to be made the MCG Trust get involved or are lobbied.




