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The Game Future NRL Stadiums part II

W

Wb1234

Immortal
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34,857
Perth Red said:
haha, economics not your strong point?
So Expense: 4% loan on $1bill plus upkeep costs
Savings $6mill a year plus $15mill rental from 30 or so events and games a year (Rental at $350-500k)
And thats if you could build a 65k stadium for $1bill, which you cant, and if someone gifts the land to build it on lol

So basically $21mill income V $40mill interest expense, plus maintenance costs annually. Sounds a cracking deal, cant see why Broncos havent done it yet!
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Honestly i can’t figure out where you got any of this figures from

You know as the stadium owner they also make money from food and drink and hospitality sales ???

Stadiums in general return around 2 percent pa

Suncorp would be ten percent with all the events there

A bigger ground would also mean ticket sales are much higher too
 
Perth Red

Perth Red

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Wb1234 said:
Honestly i can’t figure out where you got any of this figures from

You know as the stadium owner they also make money from food and drink and hospitality sales ???

Stadiums in general return around 2 percent pa

Suncorp would be ten percent with all the events there

A bigger ground would also mean ticket sales are much higher too
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Where did you get that from? Does that include loan repayments on $1bill lol
But yeh Im sure your right that's why there are so many private investment groups falling over themselves to build stadiums, oh hang on.
 
AlwaysGreen

AlwaysGreen

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So where is this brand spanking new stadium going to be built? The broncos have a few hectares of prime real estate in the Brisbane CBD just floating around with government approval to build?
 
W

Wb1234

Immortal
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34,857
Perth Red said:
Where did you get that from? Does that include loan repayments on $1bill lol
But yeh Im sure your right that's why there are so many private investment groups falling over themselves to build stadiums, oh hang on.
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So hull kr are wasting money then upgrading their ground ?

They should’ve just sold it and rented
 
Iamback

Iamback

Referee
Messages
20,726
Perth Red said:
I suppose 1. it has a value add for existing corporates (they get 1 or 2 games at a much nicer venue) 2. It allows one off sales with more corporate facilities of higher quality. 3. It allows the semi corporate premium fan ticket options to be sold which wouldn't be available at a ground like shark park. So presuming you could get 16k to the game (and if NRL you should be able to) and thats paying the venue hire then anything above that is generating profit. What those margins are and how they compare to the profit margins at Shark park with LC usage on game day included couldn't say as dont have that info. I guess the goal is by playing in a far superior venue you build your fanbase and corporate support levels over time to generate more profit? Richardson has been pretty open that the use of the two suburban grounds is costing the Tigers a lot of potential revenue generation.
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Tigers don't have a LC at Leichardt that they are pushing people too.

Fletcher said during Covid Panthers take $1m from food and bar sales ( They don't keep pokie money ) per home game.

Not sure for other teams but clubs would know stuff like that. That money goes elsewhere if games do
 
Perth Red

Perth Red

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Wb1234 said:
Economics are the same

Craven park doesn’t host origin games lol !
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Yeh sure the club using couple of mill of its own money to extend some stands that they are sure they will fill is exactly the same as finding someone to give you a big parcel of land near Brisbane city centre, then borrowing $1bill plus plus to build a 65k stadium. I just cant understand why Broncos have waited this long when they could be saving $6million a year lol
I mean you must be right, Australia is filled with privately built stadiums isnt it?
 
Perth Red

Perth Red

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Iamback said:
Tigers don't have a LC at Leichardt that they are pushing people too.

Fletcher said during Covid Panthers take $1m from food and bar sales ( They don't keep pokie money ) per home game.

Not sure for other teams but clubs would know stuff like that. That money goes elsewhere if games do
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Realistically what's that worth? 1000 people extra going in on game day and spending an avg $50 each?
 
Last edited:
W

Wb1234

Immortal
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34,857
Perth Red said:
Yeh sure the club using couple of mill of its own money to extend some stands that they are sure they will fill is exactly the same as finding someone to give you a big parcel of land near Brisbane city centre, then borrowing $1bill plus plus to build a 65k stadium. I just cant understand why Broncos have waited this long when they could be saving $6million a year lol
I mean you must be right, Australia is filled with privately built stadiums isnt it?
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2 million for 1000 extra standing spaces
1 billion for 60k extra seats

Same ratio

Double standards are obvious
 
T

Trifili13

Juniors
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1,169
It's the same logic Wb1234 used to say that Dazn paid a low multiple for Foxtel compared to the valuations of Netflix and Disney+ which have a global reach and over 150m subscribers each compared to Foxtel's approx 5m subscribers.
 
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