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Apparently there is a hand shake deal in place already with Cook to upgrade the stadium..
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Stadium upgrade likely to follow $65m WA NRL deal
WA taxpayers are likely not done footing the bill for a local NRL side, with a $65 million deal expected to be followed by a significant stadium upgrade.thewest.com.au
NRL Perth Bears deal: Roger Cook’s handshake deal includes $65m now and potential stadium upgrade later
WA taxpayers are likely not done footing the bill for a local NRL side, with a $65 million deal expected to be followed by a significant stadium upgrade.Premier Roger Cook and his deputy Rita Saffioti have insisted an upgrade of HBF Park - the home ground of the Perth Bears - is not part of the deal announced on Thursday but rugby league bosses have already confirmed they will be pushing taxpayers for more money.
East Coast media have reported that could cost up to $200 million.
NRL chair Peter V’Landys said on Thursday was bullish on his chances of securing a stadium upgrade, saying: “We certainly want an upgrade to the stadium and I think that will happen.
“The Government’s got to pay for it, because it’s going to get the return on investment,” he added.

“There’s discussions being held but, you know, naturally the Government can’t commit, we have to prove ourselves.”
Independent modelling by ACIL Allen on behalf of the State Government has forecast a $28 million annual return for having a Perth NRL side.
After being questioned over how those figures were calculated, the Government released a statement that said the modelling was based on at least 545 people coming from interstate each game.
“Considered to have strong upside, given Bears’ membership of approximately 200,000,” the report said.
Mr Cook said the deal was not only great news for sports fans but also for the economy and WA jobs.
“The new club will compete in the NRL Premiership competition for the first time in 2027 and, as we’ve insisted right from the beginning, it will deliver a significant return for the WA taxpayers,” he said.

There was back-slapping and handshakes from Mr V’Landys and a smattering applause from a small crowd of fans when the Premier made the announcement at HBF Park on Thursday, 24 hours after he said a deal was “very close” but not yet sealed.
He denied that was misleading, only hours before the agreement was confirmed via a social media post.
“I can’t remember the time (the deal was signed), I had a commitment in Kwinana with some of your colleagues in the media and when I returned to the office I was very excited to see a signed copy of the agreement by Mr V’Landys,” Mr Cook said.
“I’ve recorded that video about three times, because as the conversations went on we wanted to make sure that we were ready to go.
“I was asked if I was having a press conference today with Peter V’Landys at 10:30am, I wasn’t. It’s actually at 11am. I’ve been providing you with as much information as possible.
“The other thing I committed to was providing complete transparency and we’ve provided you the details today, as well as the modelling. We want to make sure that people can be confident that this represents great value for money for WA taxpayers.”

The Opposition continued to ask for the “full” financial model to be released and questioned when the deal was done.
“I note what he said over the last few days, I haven’t heard from the NRL in any official capacity, I literally haven’t heard anything,” Opposition Leader Basil Zempilas said.
“That is not gold standard transparency, that is not transparency at all. It is misleading the Western Australian public.”
But he said the $65 million price tag looked “reasonable”.
“It’s for others to decide whether they think that money could have been better spent, for example on a primary school,” Mr Zempilas said.
“I think it looks like a reasonable deal for WA and gets us into another national competition. It’s not that component that I’m questioning.
“What I’m questioning is, why did the Premier record an Instagram video last week announcing this deal and then days after that say don’t know abou tthe deal, haven’t finalised the deal.”
Mr V’Landys called the Government’s predicted $28 million annual return “conservative”, with the League’s modelling based on 1670 interstate visitors per game and predicting a $52.2 million annual injection into WA.
He has called the State a potential “gold mine” for the code.

He rejected claims he leaked details of the drawn-out negotiations to Sydney media, including inflated price tags of more than $300 million.
“We never leaked a single word and I know, because they were the wrong figures to start with,” he said.
“I felt sorry for the Premier because he had to go to an election … all that stuff about leaking and everything, that was complete and utter rubbish.

WA will provide $60 million in direct assistance to the club over seven years, with $35 million set aside to promote grassroots rugby league.
Also included in the deal is $5.6 million match day support, including free public transport, and marketing through Tourism WA.
The remaining $25 million will go towards unspecified support for the club, but Mr Cook denied that breached his election promise that no taxpayer dollars would go directly to the NRL.
“No, this is about supporting rugby league in WA,” he said.
Treasurer and Minister for Sport and Recreation Rita Saffioti says there was no commitment to a stadium upgrade as part of the Bears deal.
“That ($200 million) figure isn’t something we would endorse,” she said.
“As part of this deal, there is no commitment to upgrade the stadium.”
The announcement ends months of negotiations, which hit a low point in April, when the Government’s first offer was rejected and Mr Cook accused the League of treating the State as a “cash cow.”
On Thursday, Mr V’Landys praised the Premier’s “wily character” but denied he’d been beaten by Mr Cook’s “cash cow” bluff.
“I never underestimate a good half back and he’s got a mean side step on him,” Mr V’Landys joked.
He wasn’t worried about the gamble of encroaching on AFL territory and scoffed at the question of whether he would ask the AFL for advice.
“I don’t see McDonalds checking with Kentucky Fried Chicken when opening a new store,” he said.