JK wrote:Yep, he said the Sanfl had given them 12.5mil in recent years, the AFL had given money too.
Was an interesting choice of words, does he mean it wasn't all in loans?
Also, wonder what the other 22.5mil of Sanfl debt was in relation to?
Of course you need to work out how accurate Olsens comments are. He followed up the above statement by saying the SA clubs stadium deal was the same as the WA clubs, when we know that isn't the truth.
The following document (from 2011) provides some insight into stadium yield:
http://mm.afl.com.au/portals/0/2011/finals/club_funding_presentation_260911.pdfIn short, the WA clubs get approx 77% of stadium generated revenue, while the SA clubs get approximately 51%. WA clubs effectively pay an annual rent on the venue and pay match day costs and get all revenue generated (including corporate packages). Pattersons stadium doesn't have a venue membership so all memberships saw revenue go directly to clubs, until this year, clubs only got $138 per AAMI member.
I believe part of the Adelaide Oval manouvering now is improving the Stadium yield, if they can get to a situation even close to the WAFL model both clubs are going to be significantly better off. Additionally, IF the models were the same (with Pattersons being the best deal outside of Geelong) why why would a change be needed. Taking that further, if the models were the same there's a fair chance that the money the SANFL has given back to Port would be either negligable or non-existant..... there's a bit of 'take with one hand, give with the other'.
My guess would be the other 22.5mil of debt would be in part related to the Northern Grandstand .... given the GFC, live against the gate etc was probably the wrong decision.[/quote]
All good points TC. Given the WA clubs additional revenue would also in part be off-set be a much higher cost base, we'd probably need to see the net effect.
That aside I was just relaying Olsen's comments, not judging them (or Port). I also took the same as you from Koch's grab, that his disdain was toward the stadium deal they have been under, not excusing attendance rates.