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Perhaps they weren't after the deposit Rexie.
Of course not. You have to buy them inside at the massively marked up prices.
Game Day Village.
SAPOL approval is upper management shrugging and going meh we don't care.
Sma still running with their 72/28 split in membership attribution fo afl accounting though
Adelaide blaming timeslots and opponents, when they generally get better of both each season. It’s 1 or 2 thousand more for them and less for us, then if they were swapped.
More stadium than specific deal, but the SANFL wants to move back to Football Park.
And it doesn't want to buy the crows facility, but it wants to build new ones and I guess the crows deal with Commercial and General and get $$$ from them to help fund Thebby rather than do a sweetheart deal with the SANFL.
Yesterday when I was asked about how much the SANFL clubs got from Footy Park and what Port missed out on, the SANFL said it would give $16m to the 8 SANFL clubs over 7 years of the $61m after paying the AFL loan of $10m off in 2015 after selling the Football Park for $71m, but getting the monies paid to them over 10 years.
It also said it would use those monies and other funds to reduce their debt in 2015 of $26m to $nil by 2022 and then build a future fund from remaining instalments they get from Commercial and General. See Rucci's March 2015 story HERE
In the SANFL's 2022 annual report, their abridged financial statements showed then were down to $705k of Loans and Borrowings.
They want to move back to Football Park as the West Torrens council wont do a new lease with them at Thebby, the crows will buy them and SAAFL ( ie Adelaide footy League) out of their existing lease rights, and they reckon they want to build a high performance type set up for s state under-16s and under-18s as well as its First Nations and multicultural talent programs.
The SANFL wants to return to its former home at Football Park and spend around $27 million on a new talent facility in the West Lakes precinct, as the league faces a race against time to move out of Thebarton Oval.
With the Adelaide Crows soon leaving West Lakes for a new $100 million headquarters at Thebarton Oval, the SANFL has asked if it can return to Football Park when the land vests back in the City of Charles Sturt in 2026.
The league wants to use the ground for its state under-16s and under-18s as well as its First Nations and multicultural talent programs.
The eight SANFL member clubs, which exclude the Crows reserves and Port Adelaide Magpies, would also have access to the ground “from time to time”, the SANFL said.
The league wants to use the ground from 4pm to 8pm on Monday to Friday and for 25 match days a year. Over a year, the license request amounts to 16.75 hours a week, 72.5 hours a month and 870 hours a year. The community will have access to the oval around 80 per cent of the time between 7am and 7pm over a year, according to the City of Charles Sturt.
The SANFL is also proposing a $26.9 million investment in the precinct.
The funding would go towards a new “high performance and community football facility” co-located with the Mosaic Hotel, a pub owned by the SANFL adjacent to Football Park. A $3.3 million car park development and $1 million upgrade of the oval, including new perimeter fencing, an interchange area, lighting and a scoreboard, are also on the table.
The SANFL has requested a 21-year non-exclusive license of the ground with an option to extend for a further 21 years.
“A long-term licence is critical given the proposed investment into the precinct is approximately $27m with SANFL committing to ongoing maintenance of the public amenity (oval and field lighting) equalling approximately $120,00 per annum,” SANFL CEO Darren Chandler said in a letter to the City of Charles Sturt last month.
“Included in the $27m is also a $1m contribution to oval and precinct development which will have substantial community benefits in addition to… community use changerooms.”
Charles Sturt councillors approved a three-week public consultation period on the SANFL’s license request at their October 23 council meeting.
The league said it hopes the council will approve its proposal in December so it can lodge a planning application for the new facility that same month. Construction is scheduled for July 2024 with completion in December 2025.
“SANFL has a strategic imperative to deliver quality facilities at all levels,” Chandler wrote. “The SANFL talent football facility (which will include community use change rooms) is no exception to this imperative with the building complementing its surroundings and contributing to a welcoming and inclusive precinct. “SANFL’s connection to place at West Lakes is significant and the iconic building will provide a recognisable anchor point for people to meet at the oval.”
Chandler said co-locating the new football facility with the Mosaic Hotel and the indoor golf centres X Golf and Hey Caddy would “enable excellent business outcomes for the precinct by providing ongoing local jobs and increased visitation numbers to the area”. “Our ability to manage multiple venues from the same precinct will be a significant factor in its success,” Chandler said.
The SANFL plans to purchase a portion of privately owned land from the developer on the western side of Phillips Street to build its new administration and high-performance facility. [Phillips street is a new north south road that is between the western side of the current oval and Turner Drive. So it will be next to the Mosaic Hotel].
The Adelaide Football Club still uses Football Park for training but has long been searching for a new home. In August 2022, the Crows settled on Thebarton Oval, where the SANFL currently has an exclusive lease over facilities. The Crows have a lease over Football Park until 2048, however this, according to the City of Charles Sturt, becomes null and void in 2026 when the oval vests in the council as open space upon completion of the West Lakes housing development.
In an agenda paper last month, the City of Charles Sturt administration said the SANFL is prepared to surrender its lease at Thebarton Oval but only if the league can find a new home. “In essence, if the SANFL were not able to secure a future suitable tenure at another location, then they will remain at their existing Thebarton Oval location until the expiration of their existing lease in 2031,” the council said. “If this were to occur it would also ‘grid lock’ any move by the AFC (unless yet another site could be found).”
According to league CEO Chandler, the SANFL originally intended to redevelop its facilities at Thebarton Oval with $11 million in government funding ($6 million federal, $5 million state).
However, the City of West Torrens resolved in early 2022, Chandler said, that it would not consider a new long-term lease with the SANFL as the council’s priority was to allow Adelaide Football Club to move to Thebarton. The SANFL has since been looking for alternative locations to build the new facility with its government funding, Chandler said.
The SANFL have a great revenue stream from Adelaide Oval and have an 80 year lease on it via their share of the SMA joint venture with the SA government.
www.adelaideoval.com.au
The SMA is spending $5m on a new whizz bang lighting system upgrade. Its the second major lighting upgrade since the redeveloped AO opened in March 2014. It will be on full display at the Striker's BBL new year's eve game tomorrow night, but a couple of days ago the SMA tweeted this preview with its youtube video below.
I'm not a big fan of fancy lighting but it seems to be all the go stadiums world wide and its a case of keeping up with the Jones. The big indoor venues around the world, the 15k - 22k type venues about 10-15 years ago started making light shows a big part of the game day experience, and outdoor venues have copied them. Perth Stadium set the trend in Oz.
It got me thinking how much is in the kitty in the SMA's Sinking Fund that is mandated by the Adelaide Oval Redevelopment and Management Act that the SMA has to bank each year for capital repairs and new capital upgrade?
As at 31st October 2022 there was $11.120m in the kitty.
The first instalment was in the 2016 SMA's financial year of $2.684m and in 2022 they contributed $3.442m with each year the contribution increasing by about 3.1%. There was no contribution in 2020 because of Covid but the CPI type increase was applied as if an instalment was made when the governbment calculated the 2021 instalment amount. $7.599m has been withdrawn from the fund between 2017 and 2022 included.
In the 2019 submission to the Parliamentary Select Committee's inquiry into the SMA and the building of the AO Hotel the SMA submitted the following
Page 14
o Sinking Fund
In accordance with Clause 6 of the Adelaide Oval Redevelopment and Management Act 2011 the Adelaide Oval SMA Ltd has established a Sinking Fund out of which may be paid non-recurrent expenses associated with the Adelaide Oval Sub Lease. $337,000,000 will be paid by AOSMA into the sinking fund over 50 years.
……….
The Sinking Fund report is independently prepared by Rider Levett Bucknall. This report models the annual contribution into, and likely spend out of the sinking fund for the next 50 years, required to maintain the Adelaide Oval. This report is updated annually as the independent basis for our annual approval from the Treasurer.
Page 30 - $16.9m mentioned below the SMA had spent between 2014 and 2018, $1.69m was approved withdrawal from the Sinking Fund. $3.07m was spent in 2019 from the Sinking Fund and $915k in 2021 and $1.70m in 2022.
View attachment 1879700
Adelaide Oval switches on multi-million-dollar LED tower lighting upgrade | Adelaide Oval
The SMA is spending $5m on a new whizz bang lighting system upgrade. Its the second major lighting upgrade since the redeveloped AO opened in March 2014. It will be on full display at the Striker's BBL new year's eve game tomorrow night, but a couple of days ago the SMA tweeted this preview with its youtube video below.
I'm not a big fan of fancy lighting but it seems to be all the go stadiums world wide and its a case of keeping up with the Jones. The big indoor venues around the world, the 15k - 22k type venues about 10-15 years ago started making light shows a big part of the game day experience, and outdoor venues have copied them. Perth Stadium set the trend in Oz.
It got me thinking how much is in the kitty in the SMA's Sinking Fund that is mandated by the Adelaide Oval Redevelopment and Management Act that the SMA has to bank each year for capital repairs and new capital upgrade?
As at 31st October 2022 there was $11.120m in the kitty.
The first instalment was in the 2016 SMA's financial year of $2.684m and in 2022 they contributed $3.442m with each year the contribution increasing by about 3.1%. There was no contribution in 2020 because of Covid but the CPI type increase was applied as if an instalment was made when the government calculated the 2021 instalment amount. $7.599m has been withdrawn from the fund between 2017 and 2022 included.
In the 2019 submission to the Parliamentary Select Committee's inquiry into the SMA and the building of the AO Hotel the SMA submitted the following
Page 14
o Sinking Fund
In accordance with Clause 6 of the Adelaide Oval Redevelopment and Management Act 2011 the Adelaide Oval SMA Ltd has established a Sinking Fund out of which may be paid non-recurrent expenses associated with the Adelaide Oval Sub Lease. $337,000,000 will be paid by AOSMA into the sinking fund over 50 years.
……….
The Sinking Fund report is independently prepared by Rider Levett Bucknall. This report models the annual contribution into, and likely spend out of the sinking fund for the next 50 years, required to maintain the Adelaide Oval. This report is updated annually as the independent basis for our annual approval from the Treasurer.
Page 30 - $16.9m mentioned below the SMA had spent between 2014 and 2018, $1.69m was approved withdrawal from the Sinking Fund. $3.07m was spent in 2020 from the Sinking Fund and $915k in 2021 and $1.70m in 2022.
View attachment 1879700
Adelaide Oval switches on multi-million-dollar LED tower lighting upgrade | Adelaide Oval
Gather round really has saved the sma from losing too much money after the Port and crows attendance failures over the last 5 years or so
