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The Game Future NRL Stadiums part II

Perth Red

Perth Red

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69,520
Just watching the F1 and they said vic pays $78mill a year for hosting rights. Nrl gf must be worth $15mill to any city.
 
B

Bulldog2020

Juniors
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100
If the NSW Government agreed to pay $15m a year for ten years to host the Grand final. The Nrl could then borrow against that to get $150m up front to invest.

But not sure how the Nrl, Clubs, Governments and Councils could ever agree in a way for the NRL to invest.
 
Captain Apollo

Captain Apollo

Coach
Messages
15,405
Bulldog2020 said:
If the NSW Government agreed to pay $15m a year for ten years to host the Grand final. The Nrl could then borrow against that to get $150m up front to invest.

But not sure how the Nrl, Clubs, Governments and Councils could ever agree in a way for the NRL to invest.
Click to expand...

In many respects that is the problem if the NRL uses its own money on stadium upgrades, basically they are upgrading a facility they have zero ownership stake in. If you wind up leaving, all the fixtures and fittings belong to the owner, so any upgrade stays with them. Thus it is not "asset" for the game, but for the stadium owner.

It is like a residential tennant paying to repair the roof, upgrade the carpets and the bathroom as the landlord won't, despite how decrepit those things have become. It makes little sense for the tennant. Also considering other codes use those facilities, why should the NRL alone stump up any money?
 
Babyface O'reilly

Babyface O'reilly

Coach
Messages
12,482
Captain Apollo said:
In many respects that is the problem if the NRL uses its own money on stadium upgrades, basically they are upgrading a facility they have zero ownership stake in. If you wind up leaving, all the fixtures and fittings belong to the owner, so any upgrade stays with them. Thus it is not "asset" for the game, but for the stadium owner.

It is like a residential tennant paying to repair the roof, upgrade the carpets and the bathroom as the landlord won't, despite how decrepit those things have become. It makes little sense for the tennant. Also considering other codes use those facilities, why should the NRL alone stump up any money?
Click to expand...
Could they overcome that by paying no rent for X amount of years plus good percentage - if not all profit/takings for a number of years? Provided councils are happy to make a deal of course.
 
greenBV4

greenBV4

Bench
Messages
2,510
Bulldog2020 said:
The slightly easier options are Cronulla & Redcliffe or the Bulldogs at Liverpool.
Click to expand...
I'm not sure the other clubs would be too enthralled about the NRL spending money generated from the GF on stadiums owned and used by only 1 club, they'd demand equal investment in infrastructure

The NRL shouldn't be spending any of its money on assets that are not its own, that Includes ones owned by clubs (unless said clubs want to sell to the NRL)
 
W

Wb1234

Immortal
Messages
33,576
Captain Apollo said:
In many respects that is the problem if the NRL uses its own money on stadium upgrades, basically they are upgrading a facility they have zero ownership stake in. If you wind up leaving, all the fixtures and fittings belong to the owner, so any upgrade stays with them. Thus it is not "asset" for the game, but for the stadium owner.

It is like a residential tennant paying to repair the roof, upgrade the carpets and the bathroom as the landlord won't, despite how decrepit those things have become. It makes little sense for the tennant. Also considering other codes use those facilities, why should the NRL alone stump up any money?
Click to expand...
Stadiums are poor investments

commercial property is way better or land that for subdivision
 
Perth Red

Perth Red

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69,520
Captain Apollo said:
In many respects that is the problem if the NRL uses its own money on stadium upgrades, basically they are upgrading a facility they have zero ownership stake in. If you wind up leaving, all the fixtures and fittings belong to the owner, so any upgrade stays with them. Thus it is not "asset" for the game, but for the stadium owner.

It is like a residential tennant paying to repair the roof, upgrade the carpets and the bathroom as the landlord won't, despite how decrepit those things have become. It makes little sense for the tennant. Also considering other codes use those facilities, why should the NRL alone stump up any money?
Click to expand...
Only way it would work is if the ground owner granted the nrl a long term lease, say 30 years. Nrl then upgrades and runs the stadium through a smc and gets the revenue from any useage. Problem is in a city with so many stadiums there’s not much other event revenue to be made so would need at least 3 ft tenants to get any sort of ROI

or they build a new stadium under the marvel stadium model where private investors build it and nrl eventually take ownership For a fee.
 
W

wazdog

Juniors
Messages
377
South Sydney Rabbitohs High Performance Centre:
  • $10M Federal Government grant
  • $8.696M State Government grant
  • $4M Rabbitohs contribution
  • $3M Council contribution
    $25.696M TOTAL
Showcase Field (part of the Heffron Park Masterplan):
  • $6.315M Council contribution
 
Captain Apollo

Captain Apollo

Coach
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15,405
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D

DIOGENES

Juniors
Messages
1,683
In the 60s the VFL was full of themselves for building Waverley, i think through a surcharge on ticket price. It was to replace the MCG
”Disaster” doesn’t cover the story - abandoned after less than 30 years with a massive loss of capital
 
W

Wb1234

Immortal
Messages
33,576
DIOGENES said:
In the 60s the VFL was full of themselves for building Waverley, i think through a surcharge on ticket price. It was to replace the MCG
”Disaster” doesn’t cover the story - abandoned after less than 30 years with a massive loss of capital
Click to expand...
They sold it and got marvel stadium cheap

land alone in docklands would be worth a lot and the state govt is paying them to upgrade it
 
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