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

Workingclass

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Edgepower

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See Koc was on AA this morning saying we will record a bigger profit than last year , this year and we have still managed to pay down between $500k - $1m.
Good news if true and makes you wonder about the rumours of our death.
 

Andre

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See Koc was on AA this morning saying we will record a bigger profit than last year , this year and we have still managed to pay down between $500k - $1m.
Good news if true and makes you wonder about the rumours of our death.
The profit bit is easy enough to manipulate across years. Paid down debt if it means our net debt is now $500k-$1m less that's great. If it means we paid that much off, but subsequently took on more debt then it's not good. Until RussellEbertHandball has gone through the figures with a fine tooth comb and pronounced the real facts (not the PAFC alternative facts) judgement shall be withheld.
 

Papa G

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See Koc was on AA this morning saying we will record a bigger profit than last year , this year and we have still managed to pay down between $500k - $1m.
Good news if true and makes you wonder about the rumours of our death.
Just listened to that. What a load of bullsh!t. The whole club is is infested with liars.
 

RussellEbertHandball

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Yes its correct. Its a legally binding submission to a parliamentary select committee, so they would be in trouble if it was a lie.

The reason why the big difference in distributions between the SACA and SANFL is 2 fold;

1. The SACA sells about 27,000 memberships and their associate memberships direct to their members and collect the monies irectly from these members, so those monies don't pass thru the SMA's books. The SACA has been collecting about $10m per year since 2013-14 from membership. The SMA collect the AO Football Membership fees for the SANFL and their share of that is about $3.8m and the 2 clubs get about $325k each since the 2015 stadium deal review - both figures are net of GST.

2. The SANFL gets a bigger percentage of the 32 x 18 people Superboxes fees that sell for $130+K for 12 months subscription - 77% vs SACA's 23% and for the 1,455 Stadium Club membership fees that cost about $4.8k for 12 months subscription, the SANFL gets 69.7% vs SACA's 30.3%.

All these revenue streams for Superboxes, Stadium Club members and AO Football members, the SMA collect on trust for the SACA and SANFL and pass on 100% of the revenue to them. It doesn't charge a management fee for doing that work.

I did a spreadsheet with calculations back in March 2015 when the Stadium Deal Review was completed, showing how the SANFL got $10.5m net of GST out of these 3 revenue streams. See the post from this thread linked below and the next post after it, when KT announced the new deal and since then I have edited that post a few times to update the info and explain how in 2016 and 2017 we could make $2m more than in 2014 before the original deal was changed. So read these 2 posts plus remember the SANFL and SACA get paid a commission for food and beverage sales by the SMA of somewhere between 20% and 25% by my best guestimate.



Rucci in late 2014 or early 2015 published the figures about what the SANFL, the crows and Port were able to generate out of AO in 2014. The SANFL, he said got $14.9m out of AO in 2014. So if that was only for AFL related stuff ie the 3 revenue streams mentioned above + their catering commission at AO during AFL games, then an extra $600k for the SANFL generated from its finals, its ANZAC day game at AO and other events the SANFL hosted at AO in 2014 and charged for, the $600k distribution would be a reasonable figure, to get to $15.5m in 2014, from Rucci's stated starting point of $14.9m.
 
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RussellEbertHandball

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The profit bit is easy enough to manipulate across years. Paid down debt if it means our net debt is now $500k-$1m less that's great. If it means we paid that much off, but subsequently took on more debt then it's not good. Until RussellEbertHandball has gone through the figures with a fine tooth comb and pronounced the real facts (not the PAFC alternative facts) judgement shall be withheld.
Wont be able to really do that until after the AGM. The AGM they hand out minimalist 3 page financials - P&L, balance sheet and cash flow and you get a reasonable picture, but its only when I or The Wookie pay to get the full accounts with notes from ASIC, that you see the fuller and true picture. That usually is about 5 or 6 weeks after the AGM.
 

PowerBaz

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SACA - at least they don't have a middle man.

Lets say we don't have a team in the SANFL one day, nor the Crows, is there a point where the SANFL gets less of the pie and more goes to the clubs?




751665
 

Andre

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SACA - at least they don't have a middle man.

Lets say we don't have a team in the SANFL one day, nor the Crows, is there a point where the SANFL gets less of the pie and more goes to the clubs?
We (and Crows) need to leave the SANFL and go to war with them publicly. Get it so at least one of their clubs goes under (a couple have been close recently). The likes of Timmy G needs to suppress their better nature of giving them support and let those clubs die so Port can live free.
 

RussellEbertHandball

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Even then, the test finishes at 6 and you head into the city. The pre-game walk from North Terrace to Adelaide Oval is one of the best aspects of attending games there.
Have you ever been to the Village Green area, behind the western grand stand that extends onto Adelaide Oval no. 2 during a test match?? Up to 8,000 piss pots can spend all day there and watch bugger all of the days actual cricket played. Nearly all of those 128 rooms during the Test, will be taken up by those piss pots who spend most of the day at the Village Green. The cricket crowd is very different to the footy crowd.
 

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PowerBaz

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We (and Crows) need to leave the SANFL and go to war with them publicly. Get it so at least one of their clubs goes under (a couple have been close recently). The likes of Timmy G needs to suppress their better nature of giving them support and let those clubs die so Port can live free.

The trouble is the agreement, probably makes no difference.
 

The Burger King

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SACA - at least they don't have a middle man.

Lets say we don't have a team in the SANFL one day, nor the Crows, is there a point where the SANFL gets less of the pie and more goes to the clubs?




View attachment 751665
RussellEbertHandball What happens at the end of the 20 year licence for the SANFL? Surely that is when the AFL throws its weight around on the AFL teams behalf.
 

Edgepower

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RussellEbertHandball

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Surely though the "right of renewal" comes with a right to negotiate, otherwise why not just get an 80 year licence like the SACA?
Have you ever leased a building or a property and had the right to renew?? Have you ever negotiated when you said you want to renew with all the existing clauses, rights and responsibilities?? Re negotiating means a new lease.
 

RussellEbertHandball

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Surely though the "right of renewal" comes with a right to negotiate, otherwise why not just get an 80 year licence like the SACA?
I cut and pasted a chunk of both the SANFL and SACA Licence deeds, as well as link to the full deeds, back on page 171 of this thread in December 2014 at


Looks like the links no longer work so the relatively new bigfooty tool lets me attach them, so you can read the SANFL one and SACA one to see if you can find a renegotiation clause.
 

Attachments

DSL64

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Have you ever leased a building or a property and had the right to renew?? Have you ever negotiated when you said you want to renew with all the existing clauses, rights and responsibilities?? Re negotiating means a new lease.
Ok, I may have missed-typed...
The SANFL have a right of renewal 3 x 20 years, but surely our Sub-licence isn't a rolling 80 year thing.
Seeing we didn't negotiate the first one, as the SNAFL owned our licence and negotiated it on our behalf (such nice guys they are).

I'm assuming when the 20 years is up, the sub-licences will/can need to be negotiated?
 

RussellEbertHandball

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Ok, I may have missed-typed...
The SANFL have a right of renewal 3 x 20 years, but surely our Sub-licence isn't a rolling 80 year thing.
Seeing we didn't negotiate the first one, as the SNAFL owned our licence and negotiated it on our behalf (such nice guys they are).

I'm assuming when the 20 years is up, the sub-licences will/can need to be negotiated?
Once again it depends on what is written into the lease/sub lease.

I know when we moved to AO, the SANFL pressured both clubs to sign a 20 year lease and both clubs left it to the last few days before the first game there, before they signed. Now the stadium deal review clause at the end of 2014 and reviewed every 3 years, might have been the sweetener for both clubs to finally sign.

The licence to play in the AFL with the SANFL, was handed back to the AFL on 1st November 2013, as that is the date of Port's constitution with AFL control. So when we signed the AO lease in March 2014 we weren't controlled by the SANFL.

You roll over the option if both parties are happy with the existing conditions. If one or both aren't, then you renegotiate a new lease.

Unless you have read the lease you are just guessing what the reality is.
 

Alyx

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The Advertiser said:
FOOD and beverage prices at Adelaide Oval will jump an average 1.5 per cent from this month, with the cost of a pint of beer pushing even closer to $10.

The Stadium Management Authority blamed the increases, which will come into effect from the Sheffield Shield game between South Australia and Tasmania on November 11, on supplier costs, wage increases, rent, maintenance and electricity.

A pint of full strength beer will cost $9.60, up from $9.50 this year, a 600ml soft drink will cost $6.10, up 10 cents, while house wine will go up 20 cents to $8.80.

The Advertiser reported in September prices would help cover the costs of falling attendances at AFL matches.
 

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