The Game Future NRL Stadiums part II

[Wb1234]

This maths looks a bit wonky.

Mirvac's financial statements show $1.018 billion of revenue and profit of $164m for the residential development segment, so a margin of 16.11%. (https://www.mirvac.com/-/media/Proj...or-Centre/ASX/2022/MGR-FY22-Annual-Report.pdf pages 82 and 86).

Using the margin from Mirvac, for the developer to make $500m profit they will need $3.1b in sales and for a billion they'll need $6.1b in sales.

Seems a long shot that Penrith were sitting on such valuable undeveloped land.

Additionally, the interest rate the developer is paying has gone through the roof the past six months. This will supress the ultimate sale price too. They may be lucky to break even at the end of the day.

Lmao they didn’t make 16 percent

that project would be completed over years

 

[Munky]

Lmao they didn’t make 16 percent

that project would be completed over years

They report revenue as they go along by law.

Some bed time reading:

https://aasb.gov.au/admin/file/content105/c9/AASB15_12-14_COMPdec21_01-22.pdf

For taxable income they use Estimated Profits Basis.

Some more reading:

https://www.ato.gov.au/law/view/pdf/pbr/tr2018-003.pdf

You really think multi billion dollar company's report zero revenue on multi year contracts while showing huge expenditure? LMAO

 

[Wb1234]

They report revenue as they go along by law.

Some bed time reading:

https://aasb.gov.au/admin/file/content105/c9/AASB15_12-14_COMPdec21_01-22.pdf

For taxable income they use Estimated Profits Basis.

Some more reading:

https://www.ato.gov.au/law/view/pdf/pbr/tr2018-003.pdf

You really think multi billion dollar company's report zero revenue on multi year contracts while showing huge expenditure? LMAO

People make 15 percent t on duplex sites

a site like that where they bought the land got the da then sold the units off over years as prices skyrocketed is a minimum of 30 percent but more likely 40 to 50 percent of gross realisation

 

[Timbo]

The Storm had permission to use Olympic Park despite its smaller dimensions. I don’t see why it couldn’t be given similar dispensation.

 

[Perth Red]

The Storm had permission to use Olympic Park despite its smaller dimensions. I don’t see why it couldn’t be given similar dispensation.

That was 25 years ago, be nice to think the NRL has moved forward since then! Mind you they've allowed Dolphins to use 12k capacity grounds and Cronulla and Manly to stay in their holes so I guess not.

 

[Colk]

The Storm had permission to use Olympic Park despite its smaller dimensions. I don’t see why it couldn’t be given similar dispensation.

Maybe. It depends on whether they can use Adelaide Oval for some bigger games (although it is not ideal)

 

[Timbo]

That was 25 years ago, be nice to think the NRL has moved forward since then! Mind you they've allowed Dolphins to use 12k capacity grounds and Cronulla and Manly to stay in their holes so I guess not.

f**k me you’re a whinger.

 

[Perth Red]

f**k me you’re a whinger.

I wouldn’t f**k you if you paid me.

 

[MugaB]

I wouldn’t f**k you if you paid me.

Looking for pay for now.... whinge whinge whinge

 

[Get Rid of The Donkeys]

Yeh it’s not like every other qld rugby league club got a purpose built stadium for it and the state government having a budget of billions to upgrade stadia


Ballymore is in line for an upgrade and that’s privately owned

Cowboys had to wait 24 years.

 

[Get Rid of The Donkeys]

Tax payers money funding this and any other suburban stadium is just burning money in perpetuity.

If Panthers leagues club and NRL wants to build and pay for this stadium - go for it.
There is no way the new Penrith stadium will cost $300m. It’s gonna be at least $600m with inflation and paying out harness racing etc.

Stuart Ayres is desperate to keep his seat. They know this stadium deal won’t happen as the Liberals will not retain government in 2023.

NSW government and Venues NSW won’t give ownership of the stadium to NRL or Panthers. So Penrith will need to pay a higher cost to use it, and/or the NSW tax payer will have to subsidise the stadium forever to allow Panthers to use it - which would be a disgrace.

All financial analysis steered the government to a 3 stadium policy, for good reason.

There is no way on earth I support my tax dollars being pissed away on a new Penrith Stadium for what maybe an average crowd of 20k people 12 times a year. And that’s 20k average when they are the no.1 team and winning. Gonna bottom out to 14k or less when the go thru a rough season.

It isn’t good for NSW or the NRL in the short, medium or long term, just huge financial costs to maintain and upgrade every 10-15 years.

Spending $300m (it’s actually gonna be $600m plus) on a new stadium in a town/suburb 75km from Sydney and that no one east of Blacktown is ever gonna use? When the business case says it won’t ever provide a return on investment? GTFOH.

I ain’t in favour of pissing my tax dollars away because Penrith fans are too lazy to travel 35km to an awesome stadium in a Parramatta for 8-10 home games a year.

I’d rather the money went toward other areas in need in Sydney and NSW - transport and infrastructure.

If $300m (actual cost will be $600m plus) is to be spent on any stadia in Sydney, it should be on the Accor redevelopment or redeveloping the old stands at the SCG.

By 2032, MCG, Gabba, Adelaide Oval and Optus Stadium will all be state of the art and shit on the SCG as far as modern stadia is concerned. Sydney and NSW deserves the best cricket stadium money can buy to to be on the same level as other capital cities.

A white elephant in Penrith will do absolutely nothing to benefit our city or NSW over the next 50 years.

Sydney does deserve the best cricket ground as NSW has produced the best cricketers for over a century. Australian cricket would be buggered without NSW.

 

[big hit!]

Perth is not the same as MCG. It is 5m longer and 9m narrower - midway between MCG & AO in dimensions. Gabba and SCG are almost round. The new Gabba will be more like Perth. But, yes, all our major cricket grounds (possibly other than SCG and AO) have lost their charm. English venues don't really get used by other sports or many other events, so there is less need to expand/update them. It is a good move playing Shield Cricket and even some BBL at places like NSO, Junction Oval, WACA and AB Field that retain some heritage as they are primarily cricket grounds.

AFL Fact Sheet

The multi-purpose Optus Stadium is a world-class venue capable of hosting a range of events, including Australian Football League (AFL) matches.

optusstadium.com.au

Field dimensions at Perth Stadium have the MCG and AFL in mind. Give or take a few metres, but the whole point of the shape of that ground is so West Coast and Fremantle aren't too disadvantaged when it came to playing big games on the MCG. The previous ground at Subiaco was more extreme at 175 x 122m. In saying that, Geelong's home ground is not much different to Subiaco and they had no issues this season on the MCG.

WACA is closer to a circle than an oval. 149x 139m. And of course, it's grandstand configuration allows the infamous afternoon breeze to be a factor in cricket matches, if the bowler is able to utilise it. No such thing in the Perth stadium.

 

[Captain Apollo]

Maybe. It depends on whether they can use Adelaide Oval for some bigger games (although it is not ideal)

Yes but I believe that Olympic Park was given that dispensation as there were very few alternate venues in Melbourne at the time that the Storm could use. I very much doubt the ARLC will permit those type of dispensations in this day and age.

 

[Perth Red]

Yes but I believe that Olympic Park was given that dispensation as there were very few alternate venues in Melbourne at the time that the Storm could use. I very much doubt the ARLC will permit those type of dispensations in this day and age.

They're supporting Dolphins playing at Dolphin stadium and SC with12k capacity.

 

[Wb1234]

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for anyone interested in leagues clubs

 

[siv]

Adelaide Sharky was talking about this on another thread. If you could either upgrade this ground slightly to 25k (or a new ground) then that capacity would be fine for an Adelaide NRL side

As long as they build proper in goal areas

 

[flippikat]

I thought Coopers stadium had shorter pitch dimensions or something? Ie when NRL is played there, they had to shorten the ground like they do at Anfield in the UK. If that is the case, may put a dampener on its suitability as a permanent home.

This is where a forward-thinking NRL would join forces with the A-League to lobby the SA Government for a revamp or a new rectangular stadium with decent provision for NRL in-goals, better seating etc etc - by committing to an Adelaide team if the stadium is delivered.

That way, there's a year-round schedule of games on the table.

 

[Vee]

From Weidler's column today, unable to post link.

Final threat gone
The fanatical support for the two Sydney teams in last weekend’s grand final has torpedoed the NRL’s annual threat to take the biggest game of the year interstate. Head office would have been humiliated if it had robbed Penrith and Parramatta fans of a chance to see the match by taking it to Queensland.

With Sydney clubs currently dominating the competition, it would be a gigantic risk to hold the grand final anywhere but Accor Stadium in the foreseeable future.

Certainly the suggestion that the NRL adopt a “Super Bowl” system – and take the game to the likes of Perth and Melbourne – should be off the agenda.

That’s why there are whispers of a new stadium deal with the NSW government which would keep the decider in Sydney for the next decade.

Under the proposal, which has reached senior ministerial level, the government would upgrade Penrith Stadium rather than doing a full rebuild on the adjacent harness racing club site.

The money saved would be used to upgrade suburban grounds, enabling the NRL to save face and deliver a result to the clubs. In return, the NRL would commit to holding the grand final in Sydney for the next 10 years.

The recent brawl between the government and NRL has shown there is little public support for stadium funding, so the package will need to be sold publicly as a win for taxpayers who won’t have to pay up to $10million a year to keep the grand final in Sydney.

 

[Wb1234]

Bad result for Penrith

 

[MugaB]

From Weidler's column today, unable to post link.

Final threat gone
The fanatical support for the two Sydney teams in last weekend’s grand final has torpedoed the NRL’s annual threat to take the biggest game of the year interstate. Head office would have been humiliated if it had robbed Penrith and Parramatta fans of a chance to see the match by taking it to Queensland.

With Sydney clubs currently dominating the competition, it would be a gigantic risk to hold the grand final anywhere but Accor Stadium in the foreseeable future.

Certainly the suggestion that the NRL adopt a “Super Bowl” system – and take the game to the likes of Perth and Melbourne – should be off the agenda.

That’s why there are whispers of a new stadium deal with the NSW government which would keep the decider in Sydney for the next decade.

Under the proposal, which has reached senior ministerial level, the government would upgrade Penrith Stadium rather than doing a full rebuild on the adjacent harness racing club site.

The money saved would be used to upgrade suburban grounds, enabling the NRL to save face and deliver a result to the clubs. In return, the NRL would commit to holding the grand final in Sydney for the next 10 years.

The recent brawl between the government and NRL has shown there is little public support for stadium funding, so the package will need to be sold publicly as a win for taxpayers who won’t have to pay up to $10million a year to keep the grand final in Sydney.

Fk me finally some common sence... and accor stadium was really good at the finals and gf... its desolate when its less than half packed
They need to somehow shorten the sides, get the public closer to the action