AFL ETHIAD STADIUM 280MILL LOAN

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AFL ETHIAD STADIUM 280MILL LOAN

Post by leeroy*NRL* »

AFL season 2017: League takes out out loan of $280 million to buy Etihad Stadium

While the AFL purchased Etihad Stadium last year in a bid to "strengthen the financial health" of Victorian clubs, it has emerged the league took out a $280 million loan to fund the deal.

The AFL revealed on Friday it had suffered a $17.8 million loss last season, although the details were not disclosed

http://www.smh.com.au/afl/afl-news/afl- ... ufz8r.html


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Re: AFL TAKES OUT $280 MILLION LOAN

Post by NRL&NFLweLaughATafl »

I don't get why AFL did'nt buy it outright with that massive tv deal money.


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Re: AFL TAKES OUT $280 MILLION LOAN

Post by leeroy*NRL* »

That is what im trying to understand
If AFL have so much money in the bank

Why take out a huge loan $$$
With interest


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Re: AFL TAKES OUT $280 MILLION LOAN

Post by NRL&NFLweLaughATafl »

Yeah the only reason I can think is the tv revenue money is paid monthly. So maybe AFL don't have the cash in the bank.


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Re: AFL TAKES OUT $280 MILLION LOAN

Post by Swans4ever »

I think youll find the AFL like the NRL has other commitments that had to be funded, not unusual.


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Re: AFL TAKES OUT $280 MILLION LOAN

Post by pussycat »

Swans4ever wrote: ↑Sun Feb 19, 2017 10:38 am I think youll find the AFL like the NRL has other commitments that had to be funded, not unusual.
Yes totally agree. Most of the tv money would already be commited to AFL handouts.


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Re: AFL TAKES OUT $280 MILLION LOAN

Post by Fred »

It's purely business guys. You are buying a income generating asset so why would you use your own cash to do so. Always use other people's money, let that asset pay off the loan, and right (tezza) off any loses.


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Re: AFL TAKES OUT $280 MILLION LOAN

Post by ParraEelsNRL »

Only lost that amount?

WTF they sink more than that 17 mill a year alone into GWS with not a single return, the same for both Qld sides.

Fmd LOL


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Re: AFL TAKES OUT $280 MILLION LOAN

Post by leeroy*NRL* »

Fred wrote: ↑Sun Feb 19, 2017 12:11 pm It's purely business guys. You are buying a income generating asset so why would you use your own cash to do so. Always use other people's money, let that asset pay off the loan, and right (tezza) off any loses.
4% on 280mill loan
Is quite alot of dough $$$


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Re: AFL TAKES OUT $280 MILLION LOAN

Post by Fred »

Yes. But you don't invest your own money on an income producing asset. Why you think all these millionaires that businesses go broke still live like millionaires


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Re: AFL TAKES OUT $280 MILLION LOAN

Post by Beaussie »

Now that we own Etihad Stadium, time to jack the rental prices up for other codes wanting to use it. Nice move AFL. :thumbleft:


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Re: AFL TAKES OUT $280 MILLION LOAN

Post by leeroy*NRL* »

Fred wrote: ↑Sun Feb 19, 2017 4:53 pm Yes. But you don't invest your own money on an income producing asset. Why you think all these millionaires that businesses go broke still live like millionaires

Ok yeh true probably good business move


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Re: AFL TAKES OUT $280 MILLION LOAN

Post by leeroy*NRL* »

Beaussie wrote: ↑Sun Feb 19, 2017 4:57 pm Now that we own Etihad Stadium, time to jack the rental prices up for other codes wanting to use it. Nice move AFL. :thumbleft:
Now that the AFL own ethiad
Does that mean AAMI stadium can mow be lifted in capacity due to restrictions that it was before hand..
45k would be a great size ground

If so no rectangle code would ever play there again
Bar a few big bash games


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Re: AFL TAKES OUT $280 MILLION LOAN

Post by pussycat »

Fred wrote: ↑Sun Feb 19, 2017 4:53 pm Yes. But you don't invest your own money on an income producing asset. Why you think all these millionaires that businesses go broke still live like millionaires
Fred are you saying the AFL are going broke?


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Re: AFL TAKES OUT $280 MILLION LOAN

Post by Beaussie »

leeroy*NRL* wrote: ↑Sun Feb 19, 2017 6:02 pm
Beaussie wrote: ↑Sun Feb 19, 2017 4:57 pm Now that we own Etihad Stadium, time to jack the rental prices up for other codes wanting to use it. Nice move AFL. :thumbleft:
Now that the AFL own ethiad
Does that mean AAMI stadium can mow be lifted in capacity due to restrictions that it was before hand..
45k would be a great size ground

If so no rectangle code would ever play there again
Bar a few big bash games
As if the rectangular codes need an increase in capacity when they very rarely ever test capacity of AAMI Park as is. AFLCrap1 surely you'd be against Victorian taxpayer $$$ being wasted like that yeah, esp. considering your stance re: AFL in Queensland?


"One in every 24 Australians is now a member of an AFL club, a sign that the national reach of Australian football has never been greater," League CEO Gillon McLachlan said.
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