2024 TV and Streaming Ratings Discussion

[Iamback]

Yes the two fumblers don’t seem to work out the difference

There were literally no start up costs. As the venue was in operation for several years before then contracts already in place.

It is an old fashioned grift

 

[Iamback]

Fact is, You really dont understand the process that lead up to it or the nature of the BOOT project that it began as. While the AFL was the major tenant, it was neither the builder, owner or operator until 2016.

BOOT - build, own, operate, transfer - was the plan from the beginning. Effectively a rent to own project. It was built by a consortium that sold to other consortiums, they then operated and rented the stadium to the AFL and its clubs at high rates until November 2016 when the league bought out the remaining debt the consortium had in the stadium.

That "nominal fee" was $286m (outstanding debt, plus the assets of Stadium Operations Limited) in 2016, as opposed to the $30 it would have been in 2025.

A premier who later became president of an AFL club?

And no such plan for the Victory or Storm to get AAMI park in a similar deal...

 

[Wb1234]

A premier who later became president of an AFL club?

And no such plan for the Victory or Storm to get AAMI park in a similar deal...

Forgot he went to Hawthorne lol

You have a good memory

 

[Iamback]

Forgot he went to Hawthorne lol

You have a good memory

I remember shady deals... this is up there as an all time grift

 

[Wb1234]

I remember shady deals... this is up there as an all time grift

Afl red is calling it a good investment lol

 

[Iamback]

Afl red is calling it a good investment lol

What finance person on the planet is going to call getting a $1b asset for 1/4 the price a bad investment?

It is a no brainer.

happy to be proven wrong but unless the same program was given to another sport/team down there... then it is grift

 

[Perth Red]

If nrl clubs own the coe I will agree not sure if they do

Afl clubs were also gifted hundreds of millions from the vic state govt for their coe which the clubs own

lol thank you dictator Dan

who do you think owns the CoE's?
Like I said all sports are well funded either directly or indirectly by public funding. The bigger the sport, the bigger the funding.

 

[Perth Red]

What finance person on the planet is going to call getting a $1b asset for 1/4 the price a bad investment?

It is a no brainer.

happy to be proven wrong but unless the same program was given to another sport/team down there... then it is grift

Hes been arguing that buying a $1bill asset that returns $25mil a year profit for $286mil isnt a good deal lol

 

[Wb1234]

Hes been arguing that buying a $1bill asset that returns $25mil a year profit for $286mil isnt a good deal lol

Perth red shifting the goal posts as usual

 

[Iamback]

Hes been arguing that buying a $1bill asset that returns $25mil a year profit for $286mil isnt a good deal lol

Here is where your side of this argument falls apart.

They didn't pay $1b. They paid $230m for it.

For the NRL to start from scratch and say build the new Canberra Stadium then it is a terrible investment.

However if the NSW Govt would like to allow the NRL to purchase Allianz for a nominal fee and keep all the profit. That is a no brainer

NRL can spend $250m on 6-7 properties, They make a few $m a year per property and the outcome is the same

 

[The_Wookie]

If nrl clubs own the coe I will agree not sure if they do

Afl clubs were also gifted hundreds of millions from the vic state govt for their coe which the clubs own

lol thank you dictator Dan

NRL clubs in NSW havent received a cent though have they, no sir.

NRL won't own the facilities though nor collect profits from them

The NRL will profit from the teams, through tv ratings, sponsorship and other benefits though.

Those stadia are for multiple sports lol

The afl ones are largely for the benefit of afl

And cricket. And origin. And union tests. and Soccer. and everything else.

 

[The_Wookie]

Here is where your side of this argument falls apart.

They didn't pay $1b. They paid $230m for it.

Im not sure you even comprehend the argument we've been having if tjhats your takeaway.

We've been sauing that all along. And thats what ROI is based on.

For the NRL to start from scratch and say build the new Canberra Stadium then it is a terrible investment.

However if the NSW Govt would like to allow the NRL to purchase Allianz for a nominal fee and keep all the profit. That is a no brainer

and if the NRL had to rent the stadium for 16-25 years before it could own it?

Perth red shifting the goal posts as usual

Your the one that has misunderstood ROI from the start. He didnt shift goals, you didnt even know what the goals were.

 

[Wb1234]

Im not sure you even comprehend the argument we've been having if tjhats your takeaway.

We've been sauing that all along. And thats what ROI is based on.



and if the NRL had to rent the stadium for 16-25 years before it could own it?



Your the one that has misunderstood ROI from the start. He didnt shift goals, you didnt even know what the goals were.

At least you admitted the afl got the land on the cheap

Thank you vic govt

And again stadiums aren’t an awful thing to invest in

Should’ve taken your profits and sold before the market tanked and gone back to renting

 

[The_Wookie]

And no such plan for the Victory or Storm to get AAMI park in a similar deal...

Docklands only happened because the AFL signed on after deciding to sell Waverly.

The development of what has now become a first class international acclaimed venue was first discussed more than 10 years before its development. There was a view that soccer and rugby league required a new stadium but costs made the concept prohibitive. As a result, planning turned to the idea of developing a privately funded stadium which could accommodate a number of sports including AFL, soccer, rugby league and union, cricket as well as entertainment acts.

The concept for a concert and event stadium at Docklands was concieved as early as 1994. Other sites were considered, including Olympic Park, before Docklands was chosen. While the stadium was a private project build, it was tendered after a deal struck between the AFL and the Victorian Government. A tender was put out in 1996, and in September 1997, it was announced that Baulderstone Hornibrook and Channel 7 would build the stadium for $386m, and a broadcast centre for a further $50m.

The AFL had to guarantee a 45 matches a year at the stadium, thats more than every Victory/Storm game for a season combined. The AFL gets higher crowds and corporates than both these teams, particularly after Essendon and Carlton signed on.

 

[The_Wookie]

At least you admitted the afl got the land on the cheap

Everyone got land in docklands on the cheap. Government was desperate to open up the old Victoria Dock area at the time.

And again stadiums aren’t an awful thing to invest in

Should’ve taken your profits and sold before the market tanked and gone back to renting

The AFL has a lot of land - 20,0000 sqm in the middle of melbourne - and no intent to sell.

 

[Wb1234]

Everyone got land in docklands on the cheap. Government was desperate to open up the old Victoria Dock area at the time.



The AFL has a lot of land - 20,0000 sqm in the middle of melbourne - and no intent to sell.

Rugby league didn’t

Soccer didn’t

The Victorian govt was doing it to help out the local football code

Then the premier who did this went to run hawthorn

lol

Lots of land they got cheap

 

[Wb1234]

20,000 sq m of land they got for 30 million and then had a peak valuation of 1.3 billion before the market tanked

Wow

 

[Iamback]

20,000 sq m of land they got for 30 million and then had a peak valuation of 1.3 billion before the market tanked

Wow

Well no one wants water front land...

 

[Perth Red]

Here is where your side of this argument falls apart.

They didn't pay $1b. They paid $230m for it.

For the NRL to start from scratch and say build the new Canberra Stadium then it is a terrible investment.

However if the NSW Govt would like to allow the NRL to purchase Allianz for a nominal fee and keep all the profit. That is a no brainer

NRL can spend $250m on 6-7 properties, They make a few $m a year per property and the outcome is the same

Thast what Ive said, it was a great investment by them because they bought it well under book value and its returning a decent profit margin as well as helping their clubs directly. Pretty much the perfect investment. wb on the other hand thinks it was terrible and they should sell it to buy some hotels!

I havent said NRl should buy or build a stadium, not unless they could get Suncorp for $250mill lol.

 

[Wb1234]

Thast what Ive said, it was a great investment by them because they bought it well under book value and its returning a decent profit margin as well as helping their clubs directly. Pretty much the perfect investment. wb on the other hand thinks it was terrible and they should sell it to buy some hotels!

I havent said NRl should buy or build a stadium, not unless they could get Suncorp for $250mill lol.

I said the return on what it’s worth was awful and they could’ve reinvested the money into assets that have a much higher return like we are

I’m happy they have their equity stuck in an asset that hardly makes money and whose value has collapsed

We have bought our assets at very favourable time in the cycle