They got it On a sweetheart deal they didn’t pay a billion for it did they
No they didnt. This is about what I expect from someone who doesnt understand the terms of the deal the AFL signed in 1997 for Docklands.
Docklands was a BOOT project - Build. Own. Operate. Transfer. The AFL bought the land outright. the AFL then literally had a rent to own agreement for the stadium itself - which is why rent was so high there for years. In 2025 under the deal, the AFL would get the stadium for $30.
The stadiums owners were being reportedly trying to sell to the League from 2015, and the League ended up basically buying the stadium for the remaining debt the owners had in November 2016..
see if afl didn’t waste that 2 billion they wouldn’t have had to take a loan out during covid … and afl clubs wouldn’t be swimming in a sea of debt
Most AFL clubs arent swimming in debt at all.
imagine spending over a billion dollars on your sport and be ranked last in terms of participation in western Sydney
something isn’t working
Yes because Western Sydney is the whole damn country. the AFL runs a national sport. Not just a pocket in Sydney.