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The Future of Waverley Park
- Thread starter rdhopkins2
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Great news, small fortune hopefully
$20 mil in the bank tyvmGreat news, small fortune hopefully
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- Aug 2, 2020
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wahawk
Norm Smith Medallist
wahawk
Norm Smith Medallist
Not quite sold yet according to The Age
Also says significant fewer $$ than $20mil
Dig it up, stick it on the ferry (assuming they can dock?) and move it to Hobart.
#TassieProblemSorted
#TassieProblemSorted
Strapping Young Lad
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- Apr 19, 2006
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Tom Morris needs to get his facts straight as he makes it sound like we bent over the AFL on this.
The AFL sold Waverly to Mirvac for $110m who in turn sold the ground to us for $1. There was no direct transfer from the AFL to Hawthorn.
The AFL are now buying it back for less than $20m which is a good deal considering how much they originally sold the land for and the fact they are getting ready to go facilities. I assume they will also be getting revenue from the retail space which is an added bonus.
The AFL sold Waverly to Mirvac for $110m who in turn sold the ground to us for $1. There was no direct transfer from the AFL to Hawthorn.
The AFL are now buying it back for less than $20m which is a good deal considering how much they originally sold the land for and the fact they are getting ready to go facilities. I assume they will also be getting revenue from the retail space which is an added bonus.
AFL completes purchase of Waverley Park from Hawthorn
The AFL has completed the purchase of Waverley Park from the Hawthorn Football Club, with a deal that will see the historic venue continue to serve the sport as a dedicated football facility.
www.austadiums.com
What's the bet the MFC end up in our old digs
ringadingding
rdhopkins2
Carpe Diem
- Thread starter
- #63
If we can get close to the $20m wanted that would be unreal. I’ll settle for $15m plus the next 10 #1 draft picks though! 
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wahawk
Norm Smith Medallist
If you read the article I posted above, there were others interested.No other interest. AFL have been patient and will get it for a lot less than $20m. Still, basically free money. Well done Hawks.AFL completes purchase of Waverley Park from Hawthorn
The AFL has completed the purchase of Waverley Park from the Hawthorn Football Club, with a deal that will see the historic venue continue to serve the sport as a dedicated football facility.
But that wouldn’t suit your negative narrative would it ?
Pretty sure that is just agent speak. I have been in the industry for more than 20 years and my contacts tell me there has been no other serious interest.
Not negative, just realistic. $20m+ was never going to happen. It is such a narrow market - $10m - $15m would be a good result. Let’s see what the final price is.
Yardie
Norm Smith Medallist
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Question. Is the buyer allowed to build on the oval? Or must that stay? Or are we just selling the stuff around the oval?
The merger will be completeWhat's the bet the MFC end up in our old digs
cryptor
Brownlow Medallist
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Someone else will know for sure, but I believe the stand along with the oval are all heritage listed. So they wouldn't be able to build on it.
wahawk
Norm Smith Medallist
A couple of articles say that the sale includes the oval & the buyer must maintain it.
But who knows as some of these articles contradict others.
Others are completely wrong in their history
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wahawk
Norm Smith Medallist
By the sounds/read of the articles I’ve read the AFL are only buying the 1 parcel that’s for sale.
The other being the Goodlife portion of the sale.
While we have that portion we are receiving an income.
The other being the Goodlife portion of the sale.
While we have that portion we are receiving an income.
Can’t build anything. Oval must remain an oval and the grandstand is heritage listed. You are buying a sports training facility and offices, and becoming a landlord to the tenants within the grandstand.
Yardie
Norm Smith Medallist
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Thanks for the clarification. That does make it a very niche market and I'm almost glad the AFL are looking at buying. Might get a decent price now that we aren't as combative offield.
The Jet From Poowong
Mr September
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They would pretty much be returning all the additional tax we have paid the AFL in the last 10 years. Yet you see all opposition numpties displaying the normal sheep mentality with their lack of knowledge on the facts of how Hawthorn come to own Waverley.
killerspud
Norm Smith Medallist
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I was hoping we'd develop it into prime farmland that we could use to lure free agents
Stand is heritage listed.
The oval is part of the estates parks and cannot be built over for that reason
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