The Game Future NRL Stadiums part II

[Perth Red]

2 million for 1000 extra standing spaces
1 billion for 60k extra seats

Same ratio

Double standards are obvious

$0 loan repayment v $40mill a year interest + loan repayment, yeh exactly the same. cuckoo cuckoo.

 

[Perth Red]

Arsenal 'explore plans to expand 60,000-seater Emirates Stadium'

Arsenal are reportedly exploring options to renovate their Emirates Stadium in an effort to increase matchday revenue after watching rival clubs jump ahead of them.

www.dailymail.co.uk

Hmm that’s interesting

Ten percent returns also for old Trafford

And that’s without multiple tenants

lol
1. where do you get 10% return on old trafford from?
2. Can Broncos fill a 74k seater stadium at $200 avg a ticket every game like Man Utd can?
3. Utd play up to 30 home games a season, Broncos up to 14 with half the crowds

We only have one privately owned stadium in Australia, and that is returning around $10mill profit with multiple tenants and cost $200mill to buy. But yeh paying well over $1bill to build a stadium is going to provide a great return lol Now if Broncos could buy Suncorp for $200mill you might have a point!

cuckoo cuckoo

 

[Wb1234]

lol
1. where do you get 10% return on old trafford from?
2. Can Broncos fill a 74k seater stadium at $200 avg a ticket every game like Man Utd can?
3. Utd play up to 30 home games a season, Broncos up to 14 with half the crowds

We only have one privately owned stadium in Australia, and that is returning around $10mill profit with multiple tenants and cost $200mill to buy. But yeh paying well over $1bill to build a stadium is going to provide a great return lol Now if Broncos could buy Suncorp for $200mill you might have a point!

cuckoo cuckoo

Can the broncos do it sure why not

Ten percent return is based on the match day revenues vs cost to build

30 years ago the broncos were averaging 40k and the crushers 15k and Brisbane’s population has grown by millions since then

But from what I’ve been told the broncos actually get a sweetheart rental deal for Suncorp with generous discounts so it’s probably not worth it at the moment

 

[SirPies&Beers]

two blokes with no idea trying to out idea with their no ideas. perth reds obviously works for stadiums australia, stadiums queensland, broncos, wa government, foxtel all in one he is a man with many hats on and wb also working for the same mob

 

[Perth Red]

Can the broncos do it sure why not

lol, again do the maths!
Lets say you could build a 60k+ stadium for $1billion, which you cant.
Lets say someone gifts them a massive parcel of land near the CBD to build it on, which they wont
Lets say that you could get 4% on q $1billion loan ie cost $40mill interest plus sum repayment of $25million (ie paying it off over 40 years)

Do you really believe a stadium is going to return: running costs + $65million + 10% profit a year?

cuckoo cuckoo

 

[Vlad59]

lol, again do the maths!
Lets say you could build a 60k+ stadium for $1billion, which you cant.
Lets say someone gifts them a massive parcel of land near the CBD to build it on, which they wont
Lets say that you could get 4% on q $1billion loan ie cost $40mill interest plus sum repayment of $25million (ie paying it off over 40 years)

Do you really believe a stadium is going to return: running costs + $65million + 10% profit a year?

cuckoo cuckoo

He hasn’t lost the plot. He never had it.

 

[Wb1234]

lol, again do the maths!
Lets say you could build a 60k+ stadium for $1billion, which you cant.
Lets say someone gifts them a massive parcel of land near the CBD to build it on, which they wont
Lets say that you could get 4% on q $1billion loan ie cost $40mill interest plus sum repayment of $25million (ie paying it off over 40 years)

Do you really believe a stadium is going to return: running costs + $65million + 10% profit a year?

cuckoo cuckoo

Yes I do

You know governments have to do a cba to justify stadium spends ?

Granted some have poor returns like Penrith (2 to 3 percent pa) but a large rectangular stadium in Brisbane will have a much higher return

As I said English soccer clubs are doing over ten percent with only one major tenant and not many other events

The broncos are the biggest rugby club in the world

Who knows maybe the arl would want to part invest given their previous discussion about funding a stadium in Liverpool

 

[Perth Red]

Yes I do

You know governments have to do a cba to justify stadium spends ?

Granted some have poor returns like Penrith (2 to 3 percent pa) but a large rectangular stadium in Brisbane will have a much higher return

As I said English soccer clubs are doing over ten percent with only one major tenant and not many other events

The broncos are the biggest rugby club in the world

Who knows maybe the arl would want to part invest given their previous discussion about funding a stadium in Liverpool

Again Govts arent paying off a loan on their stadiums! Take out the fanciful ' benefit to local economy' inflated figures they come up with in these reports and stadiums in no way make any financial sense.

If the stadium was free, sure you could run one and make a bit of profit Im sure. But if you are forking out $65mill a year to pay off the build of it then you've got buckleys chance of not losing money. Again its why there are NO privately built new stadiums in Australia (other than the sweet deal Marvel one)

Sure when Broncos can charge $400k a suite and $3k a game for premium seat, and get 70k paying $200-$1000 a ticket then Im sure they'll be in the same position as the top EPL clubs who are building their own stadiums!

 

[Wb1234]

Again Govts arent paying off a loan on their stadiums!
If the stadium was free, sure you could run one and make a bit of profit Im sure. But if you are forking out $65mill a year to pay off the build of it then you've got buckleys chance of not losing money. Again its why there are NO privately built new stadiums in Australia (other than the sweet deal Marvel one)

Sure when Broncos can charge $400k a suite and $3k a game for premium seat, and get 70k paying $200-$1000 a ticket then Im sure they'll be in the same position as the top EPL clubs who are building their own stadiums!

You obviously don’t know what a cba is

How are they justifying spending 3 billion on an afl stadium in Brisbane with two tenants ??

Are they going to charge the lions rent of 30 to 50 million ?? Lmao

The economics for a large rectangular stadium in Brisbane would be probably the strongest stadium proposal in Australia

 

[Perth Red]

You obviously don’t know what a cba is

How are they justifying spending 3 billion on an afl stadium in Brisbane with two tenants ??

Are they going to charge the lions rent of 30 to 50 million ?? Lmao

The economics for a large rectangular stadium in Brisbane would be probably the strongest stadium proposal in Australia

Olympics. Wouldn't be happening otherwise. And they are spending our money, what do they care. If they were taking out loans they had to pay back how many do you think would get built?
Like I added above they over inflate the return on a stadiums value massively by adding in 'benefit to local economy' figures. Take that out of the business case and it wouldn't be close to stacking up, especially if you was actually borrowing to build.

And yet no investment group are falling over themselves to build one and take the pressure off Govt?
Hmmmm I wonder why?

 

[Wb1234]

Revealed: how Stuart Ayres drove the plan for Penrith’s even more ambitious new stadium

Exclusive: documents show the former minister pushed for the compulsory acquisition of Penrith Paceway for a new stadium to be built in his seat

www.theguardian.com

Here’s an example of cost benefit analysis done on stadia

“The documents reveal that in November 2021, business cases for the redevelopment of Penrith stadium (on its current site) and Manly’s Brookvale stadium were completed. The Brookvale assessment, released to the upper house under a call for papers, showed a poor benefit-to-cost ratio of just 0.24 (where 1.0 represents break even). The Penrith assessment has not been released.”

This is why the Penrith proposal got scaled back

 

[Perth Red]

Revealed: how Stuart Ayres drove the plan for Penrith’s even more ambitious new stadium

Exclusive: documents show the former minister pushed for the compulsory acquisition of Penrith Paceway for a new stadium to be built in his seat

www.theguardian.com

Here’s an example of cost benefit analysis done on stadia

“The documents reveal that in November 2021, business cases for the redevelopment of Penrith stadium (on its current site) and Manly’s Brookvale stadium were completed. The Brookvale assessment, released to the upper house under a call for papers, showed a poor benefit-to-cost ratio of just 0.24 (where 1.0 represents break even). The Penrith assessment has not been released.”

This is why the Penrith proposal got scaled back

If stadiums return 10% why arent Panthers building it rather than paying rent? I'll tell you why because they would lose money lol

 

[Wb1234]

If stadiums return 10% why arent Panthers building it rather than paying rent? I'll tell you why because they would lose money lol

I just posted above the Penrith stadium has a poor return because it’s only got one tenant

Suncorp will have dolphins broncos reds and roar

Plus origin magic finals and concerts

Apples and oranges

Broncos aren’t in a position now to undertake a new stadium but once their profits get up around 20 million they might consider it

And your mate Pvl might think it’s a good idea owning part of the stadium near the two hotels he’s bought in Brisbane

 

[Wb1234]

NRL considering building a stadium in Liverpool or Rossmore | Austadiums

The NRL is considering building a new stadium in Sydney it would own, with the Bulldogs and Tigers sounded out to play home games at the venue.

amp.austadiums.com

Previous Nrl proposal to nsw state govt for similar project to marvel where they buy the stadium after the state funds it

Dogs still have their development proposal including 40k stadium being assessed by nsw planning authorities

 

[Vlad59]

I just posted above the Penrith stadium has a poor return because it’s only got one tenant

Suncorp will have dolphins broncos reds and roar

Plus origin magic finals and concerts

Apples and oranges

Broncos aren’t in a position now to undertake a new stadium but once their profits get up around 20 million they might consider it

And your mate Pvl might think it’s a good idea owning part of the stadium near the two hotels he’s bought in Brisbane

Could somebody please handcuff this idiot so he stops ruining threads with utter stupidity.

 

[Jpw25111]

Another sold out crowd at suncorp

 

[Perth Red]

Another sold out crowd at suncorp View attachment 98108

Broncos would have made a killing on that event if they owned the stadium lol

 

[Wb1234]

Broncos would have made a killing on that event if they owned the stadium lol

Bit like the crowd bonanza that is kr v the giants.

 

[Perth Red]

Bit like the crowd bonanza that is kr v the giants.

eh? Craven Park was 90% full for the Giants game lol

 

[Canard]

I just posted above the Penrith stadium has a poor return because it’s only got one tenant

Suncorp will have dolphins broncos reds and roar

Plus origin magic finals and concerts

Apples and oranges

Broncos aren’t in a position now to undertake a new stadium but once their profits get up around 20 million they might consider it

And your mate Pvl might think it’s a good idea owning part of the stadium near the two hotels he’s bought in Brisbane

So, if the Broncos built a new stadium, suddenly all those events and clubs would play there???

And to say the NRL buying a pub near Lang Park is suddenly an endorsement of the Broncos building here own stadium proves you are mentally unwell.

Also, f**king LOL, that you think you can get a long term fixed low interest loan on a billion dollars.