The Stadium!

[The Tilt]

It only paid $30m of $430m build cost for Docklands in 2000 which it would receive full title and rights to in 31/10/2025 for $10 transfer, yes $10, in a BOOT - Build, Own, Operate, Transfer model, but decided to pay $200m+ in October 2016 and get the cashflow of the asset 9 years earlier, and then in 2019 was able to squeeze the Vic government for $225m for upgrades to their asset, as well as another $250m for footy facilities in Victoria - professional and amateur.

The AFL contributed $30m to the initial construction, but also entered a contract to stage 45 matches per season at the Docklands for the next 25 years: this contract facilitated the remaining $400m needed. The state government paid nothing whatsoever: the Victorian public got all the benefits of a multi-purpose stadium without having to pay for it.

I don't know how anyone looks at that and thinks that the AFL has gotten away with something they shouldn't have.

 

[The_Wookie]

The AFL contributed $30m to the initial construction, but also entered a contract to stage 45 matches per season at the Docklands for the next 25 years: this contract facilitated the remaining $400m needed. The state government paid nothing whatsoever: the Victorian public got all the benefits of a multi-purpose stadium without having to pay for it.

The AFL didnt contribute to the initial construction. It paid $30 million in 2001 for the freehold title.

From the 1997 Report





From the 2016 Concise Annual Report


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I don't know how anyone looks at that and thinks that the AFL has gotten away with something they shouldn't have.

People are dumb and misunderstand the principle of the BOOT program this was done under. The AFL effectively paid off the debt of SOL