Talking Footy

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

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

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

Why take out a huge loan $$$
With interest

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.

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

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.

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.

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

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 $$$

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

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

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

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.

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

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?

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.

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?