The Game Future NRL Stadiums part II

[st george dragons]

"Upgraded Campbelltown will be main home ground, with at least seven games a year. At least three at Leichhardt, and minimum of 11 between two venues. 10-year deal likely to start 2029, with five-year option after"

Will be interesting to see what happens for the Tigers in the next three years. Would the Tigers still play at Campbelltown in that period at a reduced crowd? Or play out at CommBank in that period?

But makes perfect sense for them to play at least 7 matches at Campbelltown and at least 3 at Leichhardt from 2029.

 

[Jonty]

Will be interesting to see what happens for the Tigers in the next three years. Would the Tigers still play at Campbelltown in that period at a reduced crowd? Or play out at CommBank in that period?

But makes perfect sense for them to play at least 7 matches at Campbelltown and at least 3 at Leichhardt from 2029.

Judging by the improvements on the pitch last year and this year along with the exciting production line of young talent currently coming through the age grade groups and NSW cup you’d only expect things to improve even more over the coming years which would surely translate into bigger crowds for the tigers making commbank the obvious choice.

 

[cleary89]

I feel like I have asked before, but what did Sharks actually get out of the development?

They sold off all the land, they ended up with reduced capacity and no leagues club. Now they are taking out a 35 million dollar loan to get their leagues club back?

Weren't they meant to get 50m and an upgrade? What went wrong?

 

[Jonty]

I feel like I have asked before, but what did Sharks actually get out of the development?

They sold off all the land, they ended up with reduced capacity and no leagues club. Now they are taking out a 35 million dollar loan to get their leagues club back?

Weren't they meant to get 50m and an upgrade? What went wrong?

They need to be relocated asap.

 

[cleary89]

It’s a hard visit mate. It was better when there was a functional leagues club. Have a few beers at the club , two minute walk and you are in the ground. But now with The reduced capacity and lack of the club it just don’t warrant me investing in a flight and overnight stay to watch a game anymore. Looking at going to Storm games in Melbourne next year. Terrific ground, central venue. Pubs everywhere.

I was going to go to a game there this year. But driving and parking near by can't happen. Catch train to Wooloware and walk the 20 mins isn't appealing. I get having a beer in Cronulla after or before, but it's still a train and 20 min walk away.

It's almost better going to Homebush these days.

 

[jim_57]

If all that Tigers info is true it’ll either be a 7-4 or 8-3 Campbelltown-Leichhardt split. Only leaves them 1 game to move elsewhere, it’ll be interesting to see what they do with Easter Monday.

 

[flippikat]

I knew they were building the COE on one end, but that's interesting that they are building a grandstand on the other side. Very happy for the Tigers.

From what I gather, the lack of corporate facilities was a major factor holding Campbelltown stadium back.

Sounds like this upgrade addresses that, so they can go about becoming the equivalent to what Penrith has done, just for the south-west.

 

[Wb1234]

I feel like I have asked before, but what did Sharks actually get out of the development?

They sold off all the land, they ended up with reduced capacity and no leagues club. Now they are taking out a 35 million dollar loan to get their leagues club back?

Weren't they meant to get 50m and an upgrade? What went wrong?

They got the money themselves to finish the leagues club fitout or most of it anyway (cash and managed investments)

They bought the Kareela golf course as a second club which they make money off (worth around 12 million)

They bought a commercial building in Cronulla which they get rent out of plus the gym on site at sharks park

Could’ve made more but not bad what they did get

Balance sheet shows net assets of 53 million

 

[Wb1234]

If all that Tigers info is true it’ll either be a 7-4 or 8-3 Campbelltown-Leichhardt split. Only leaves them 1 game to move elsewhere, it’ll be interesting to see what they do with Easter Monday.

Article says commbank.

 

[cleary89]

They got the money themselves to finish the leagues club fitout or most of it anyway (cash and managed investments)

They bought the Kareela golf course as a second club which they make money off (worth around 12 million)

They bought a commercial building in Cronulla which they get rent out of plus the gym on site at sharks park

Could’ve made more but not bad what they did get

Balance sheet shows net assets of 53 million

Doesn't the article say they are taking out a $35 million loan to finish the league club?

Net assets of $53 million isn't bad. Fingers crossed they put some of it into the stadium or centre of excellence.

 

[cleary89]

Saw on the news Minns saying that Campbelltown isn't getting the 50m.

 

[yakstorm]

I'm a bit confused as to why Leichhardt's capacity is growing only to 17K after they add 3K worth of additional seating (with the second level of the northern grandstand to hold 1500 on its own) to the venue.

Looking at the plans, the impact to northern concourse/standing area looks minimal and not like something which would take away what is room for 2,100 people today.

 

[newc18]

Saw on the news Minns saying that Campbelltown isn't getting the 50m.

Yeah I just watched that report as well. Apparently 10 million is coming directly from Campbeltown Council and the rest the council are hoping to get from state and federal government. I hope this doesn't come back to bite the Tigers.

 

[yakstorm]

Yeah I just watched that report as well. Apparently 10 million is coming directly from Campbeltown Council and the rest the council are hoping to get from state and federal government. I hope this doesn't come back to bite the Tigers.

Tigers have been very clear in all their statements that the agreement is "subject to the finalisation of detailed commercial terms".

Further, nothing being announced today would truly kick in before 2029 at the earliest (Tigers have an existing 4 year deal with VenuesNSW).

Campbelltown Council will either need to find the funds or the Tigers will just decide on another path over the next 3 years.

 

[Wb1234]

Doesn't the article say they are taking out a $35 million loan to finish the league club?

Net assets of $53 million isn't bad. Fingers crossed they put some of it into the stadium or centre of excellence.

They have the assets but are using bank finance instead

Once the leagues club is finished they should be making bank off game day

Limited what they can do re ground improvements now with units and views being blocked

 

[newc18]

Tigers have been very clear in all their statements that the agreement is "subject to the finalisation of detailed commercial terms".

Further, nothing being announced today would truly kick in before 2029 at the earliest (Tigers have an existing 4 year deal with VenuesNSW).

Campbelltown Council will either need to find the funds or the Tigers will just decide on another path over the next 3 years.

Well there you go.

I hope the best for Tigers fans.

 

[Wb1234]

I'm a bit confused as to why Leichhardt's capacity is growing only to 17K after they add 3K worth of additional seating (with the second level of the northern grandstand to hold 1500 on its own) to the venue.

Looking at the plans, the impact to northern concourse/standing area looks minimal and not like something which would take away what is room for 2,100 people today.

Article is probably wrong

They aren’t losing any seats to the latchem Robinson and are getting a new stand where the concrete terrace thing which collapsed was the hill and Keith Barnes stands being untouched

 

[Trifili13]

They have the assets but are using bank finance instead

Once the leagues club is finished they should be making bank off game day

Limited what they can do re ground improvements now with units and views being blocked

The way you have written the first sentence may not have been your intention but reads like the Sharks are choosing to use finance despite having $53m of net assets. They don't have a choice as they don't have the cash, that's why they have to borrow the $35m to finance the fitout unless they sell their property assets which defeats the purpose of doing the fitout and the profits it will generate in future years. Not sure if they are using any of their cash or selling some of their investments held in managed funds or borrowing the full amount for the fitout.

 

[Steel Saints]

Richo is going to fix that club.


“The move to eventually play more than half of the club's home games at Campbelltown comes with the stadium's capacity expected to close in on 21,000.
The capacity of Leichhardt Oval after the upgrade's is set to be approximately 17,000.

The Tigers also view the Macarthur region as crucial to their future, with the area boasting the biggest rugby league junior base in NSW.

"There is no doubt about where we are pushing things," Richardson said.”


AAP understands the Campbelltown upgrade will include small grandstands at both the northern and southern ends of the ground, on top of centre-of-excellence buildings.

A $40.3 million sporting centre of excellence had previously been committed to the venue, funded largely by Campbelltown City Council and the state government in 2023.

It's believed the plan is now for that to be built in two separate areas of the venue, creating the increased capacity and with room for up to 1200 corporates.“

Wow, they have changed the plans. It was supposed to be CoE at the northern end. In June, Tigers wanted $50 million to upgrade the western stand. Campbelltown council contributed $10 million.

So add the $40.3 million previously for the CoE/stand. And there is the $50 million upgrade, where it looks a small stand along with CoE building will be built at each end behind the goalposts. Which means, Campbelltown stadium will become an all seater venue with no hills.

Once the ends are done, Tigers need funding for western and eastern stands, although Campbelltown is headed in the right direction with increase capacity and 1200 corporates.

 

[Russell Crowe's Band]

The way you have written the first sentence may not have been your intention but reads like the Sharks are choosing to use finance despite having $53m of net assets. They don't have a choice as they don't have the cash, that's why they have to borrow the $35m to finance the fitout unless they sell their property assets which defeats the purpose of doing the fitout and the profits it will generate in future years. Not sure if they are using any of their cash or selling some of their investments held in managed funds or borrowing the full amount for the fitout.

the article doesn't mention the amount of money we have in bank etc for the fitout, the cost has blown out to 35 mil so they are going to finance it and keep their own cash in bank. whilst they don't have the full amount of money to just pay for the fitout using credit in this instance is a better use of funds, equity and assets etc

the profit from the club will service the loan fairly quickly.