Perth Red
Post Whore
- Messages
- 67,113
This may sound like a stupid question....
But would the NRL be able to borrow shitloads of money and create its own stadium it can cater to its own game.
Where they become the owners of the stadium.... And also get a tangible asset out of it.
I look at some nfl and football stadiums and think surely if the cowboys can get that massive stadium done in Arlington surely the NRL could do something.
Then they can lease it out to other codes to recoup the money but always give a priority to rugby league.
Returns probably wouldn't be big enough to be viable on own, however:
State Govt donates land and chips in $50mill
Feds chip in $25mill
ARL put in $100mill
Private investment puts in $100mill
That would probably make it a viable proposition over a 35year project life for a $250-300mill stadium like AAMI with 4 anchor tennants and in a good location for concerts etc
Most investments of $200mill+ you'd be looking for around a 6-11% annual return on min so the stadium would need to generate around $20mill+ a year plus running plus depreciation etc. 50 odd games of NRL and Soccer at $100k a game rental is only $5mill a year, throw in naming rights, food and beer sales, sponsorships, corporate sales etc and it might get up around the $10mill a year. All very rough guesstimates of course.