AFL ETHIAD STADIUM 280MILL LOAN

Which is the best football code? Here you can have it out with other football fans.
Fred
Coach
Coach
Posts: 7663
Joined: Mon Dec 05, 2011 9:13 am
Team: Collingwood
Location: Gold Coast
Has liked: 47 times
Been liked: 83 times

Re: AFL TAKES OUT $280 MILLION LOAN

Post by Fred »

leeroy*NRL* wrote: Sun Feb 19, 2017 2:41 pm
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 $$$

You think they're paying 4 percent on a loan that size? If they are they are crazy.


Veni, vidi, vici
User avatar
The_Wookie
Site Admin
Site Admin
Posts: 6628
Joined: Wed Dec 12, 2012 7:22 am
Team: Carlton
Location:
Has liked: 2 times
Been liked: 84 times
Contact:

Re: AFL TAKES OUT $280 MILLION LOAN

Post by The_Wookie »

Worth noting that they've acquired a credit facility for 280 million - and only drawn 200 million of it at this point.

Image


pussycat wrote: Ps I support Collingwood, I've supported the Cats all my life
Image
User avatar
leeroy*NRL*
Moderator
Moderator
Posts: 4824
Joined: Mon Jan 19, 2015 2:54 pm
Team: St George Illawarra Dragons
Location:
Has liked: 112 times
Been liked: 18 times

Re: AFL TAKES OUT $280 MILLION LOAN

Post by leeroy*NRL* »

Beaussie wrote: Sun Feb 19, 2017 7:46 pm
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?
Am not saying rectangular codes want to increase capacity..
I am saying it was ETHIAD which blocked AAMI from being bigger than 30k capacity.
but now that the AFL own the ground.. the Government might in the future upgrade the ground.
to bring Bigger events to an Actual ground where you are close to the action.


User avatar
leeroy*NRL*
Moderator
Moderator
Posts: 4824
Joined: Mon Jan 19, 2015 2:54 pm
Team: St George Illawarra Dragons
Location:
Has liked: 112 times
Been liked: 18 times

Re: AFL TAKES OUT $280 MILLION LOAN

Post by leeroy*NRL* »

Fred wrote: Sun Feb 19, 2017 8:42 pm
leeroy*NRL* wrote: Sun Feb 19, 2017 2:41 pm
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 $$$

You think they're paying 4 percent on a loan that size? If they are they are crazy.
I have no idea what they would be paying...
but it wouldn't be lower than 3%
NAB is a BANK it isn't giving money away.


User avatar
leeroy*NRL*
Moderator
Moderator
Posts: 4824
Joined: Mon Jan 19, 2015 2:54 pm
Team: St George Illawarra Dragons
Location:
Has liked: 112 times
Been liked: 18 times

Re: AFL TAKES OUT $280 MILLION LOAN

Post by leeroy*NRL* »

The_Wookie wrote: Sun Feb 19, 2017 10:33 pm Worth noting that they've acquired a credit facility for 280 million - and only drawn 200 million of it at this point.

Image
It stated this in the age,

"The deal cost the AFL about $200 million, with the remaining funds used to permanently service the stadium, which is also in need of an upgrade"


User avatar
eelofwest
Coach
Coach
Posts: 2719
Joined: Thu Mar 22, 2012 5:15 pm
Team: Eels
Location:
Has liked: 0
Been liked: 0

Re: AFL TAKES OUT $280 MILLION LOAN

Post by eelofwest »

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:
You do realize the Victory can just play hard ball in summer and play out of AAMI, they also signed a 10 year deal with Etihad which has to be honored. That leaves the cricket, good luck making enemys with CA by jacking up rental prices on the Big bash, good PR that move lol


Image
User avatar
The_Wookie
Site Admin
Site Admin
Posts: 6628
Joined: Wed Dec 12, 2012 7:22 am
Team: Carlton
Location:
Has liked: 2 times
Been liked: 84 times
Contact:

Re: AFL TAKES OUT $280 MILLION LOAN

Post by The_Wookie »

Renegades have a contract for the next 5 years, signed july 2016.
http://www.melbournerenegades.com.au/ne ... 2016-07-26

They arent going to jack up prices in the offseason anyway - its money in the bank for the league whereas AFL games have to deliver returns to the clubs involved.


pussycat wrote: Ps I support Collingwood, I've supported the Cats all my life
Image
User avatar
The_Wookie
Site Admin
Site Admin
Posts: 6628
Joined: Wed Dec 12, 2012 7:22 am
Team: Carlton
Location:
Has liked: 2 times
Been liked: 84 times
Contact:

Re: AFL TAKES OUT $280 MILLION LOAN

Post by The_Wookie »

leeroy*NRL* wrote: Mon Feb 20, 2017 1:33 pm
It stated this in the age,

"The deal cost the AFL about $200 million, with the remaining funds used to permanently service the stadium, which is also in need of an upgrade"
I was aware of that. Its one thing to see it in the paper. its another to read it in the actual report".


pussycat wrote: Ps I support Collingwood, I've supported the Cats all my life
Image
User avatar
PerfectToATee
Rookie
Rookie
Posts: 61
Joined: Mon Oct 07, 2013 9:21 am
Team: Sydney Swans
Location:
Has liked: 0
Been liked: 1 time

Re: AFL TAKES OUT $280 MILLION LOAN

Post by PerfectToATee »

Fred's right, you wouldn't use business capital to outright purchase an income producing asset as it would be more advantageous for a business to borrow as it creates better deductions.


User avatar
leagueiscrap
Banned
Posts: 7911
Joined: Sat May 10, 2014 11:08 am
Team: Essendon
Location:
Has liked: 18 times
Been liked: 7 times

Re: AFL TAKES OUT $280 MILLION LOAN

Post by leagueiscrap »

leeroy*NRL* wrote: Mon Feb 20, 2017 1:30 pm
Fred wrote: Sun Feb 19, 2017 8:42 pm
leeroy*NRL* wrote: Sun Feb 19, 2017 2:41 pm

4% on 280mill loan
Is quite alot of dough $$$

You think they're paying 4 percent on a loan that size? If they are they are crazy.
I have no idea what they would be paying...
but it wouldn't be lower than 3%
NAB is a BANK it isn't giving money away.
the NAB are major sponsors of the AFL & have been for years, so the fact the AFL could have been given a special rate could be highly likely
the estimated land value that Etihad is on ia around 1 to 1.3 billion, so what ever the deal that has been arrange NAB will win out


Australian sporting sponsorship
AFL excess of $50m
A league $30 million plus
ARU $27 million
NRLOL $25 million

Leagueiscrap
and she still changes your nappies as well!
pusseycat replys
Only when I have an accident.
Fred
Coach
Coach
Posts: 7663
Joined: Mon Dec 05, 2011 9:13 am
Team: Collingwood
Location: Gold Coast
Has liked: 47 times
Been liked: 83 times

Re: AFL TAKES OUT $280 MILLION LOAN

Post by Fred »

leagueiscrap wrote: Sat Feb 25, 2017 7:04 pm
leeroy*NRL* wrote: Mon Feb 20, 2017 1:30 pm
Fred wrote: Sun Feb 19, 2017 8:42 pm


You think they're paying 4 percent on a loan that size? If they are they are crazy.
I have no idea what they would be paying...
but it wouldn't be lower than 3%
NAB is a BANK it isn't giving money away.
the NAB are major sponsors of the AFL & have been for years, so the fact the AFL could have been given a special rate could be highly likely
the estimated land value that Etihad is on ia around 1 to 1.3 billion, so what ever the deal that has been arrange NAB will win out
On that sort of dough the interest rate would be pretty low. If your getting 3.83 on an average home loan of half a mil I would be thinking it would be much lower even for a business loan.


Veni, vidi, vici
User avatar
leagueiscrap
Banned
Posts: 7911
Joined: Sat May 10, 2014 11:08 am
Team: Essendon
Location:
Has liked: 18 times
Been liked: 7 times

Re: AFL TAKES OUT $280 MILLION LOAN

Post by leagueiscrap »

Fred wrote: Sun Feb 26, 2017 8:20 am
leagueiscrap wrote: Sat Feb 25, 2017 7:04 pm
leeroy*NRL* wrote: Mon Feb 20, 2017 1:30 pm

I have no idea what they would be paying...
but it wouldn't be lower than 3%
NAB is a BANK it isn't giving money away.
the NAB are major sponsors of the AFL & have been for years, so the fact the AFL could have been given a special rate could be highly likely
the estimated land value that Etihad is on ia around 1 to 1.3 billion, so what ever the deal that has been arrange NAB will win out
On that sort of dough the interest rate would be pretty low. If your getting 3.83 on an average home loan of half a mil I would be thinking it would be much lower even for a business loan.
you would think so, just the sheer amount of money involved the history with NAB & the leveraging power the AFL would have, the deal would be a bit more complex and favourable, to the standard home loan or business loan deal


Australian sporting sponsorship
AFL excess of $50m
A league $30 million plus
ARU $27 million
NRLOL $25 million

Leagueiscrap
and she still changes your nappies as well!
pusseycat replys
Only when I have an accident.
User avatar
leagueiscrap
Banned
Posts: 7911
Joined: Sat May 10, 2014 11:08 am
Team: Essendon
Location:
Has liked: 18 times
Been liked: 7 times

Re: AFL TAKES OUT $280 MILLION LOAN

Post by leagueiscrap »

leeroy*NRL* wrote: Mon Feb 20, 2017 1:28 pm
Beaussie wrote: Sun Feb 19, 2017 7:46 pm
leeroy*NRL* wrote: Sun Feb 19, 2017 6:02 pm

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?
Am not saying rectangular codes want to increase capacity..
I am saying it was ETHIAD which blocked AAMI from being bigger than 30k capacity.
but now that the AFL own the ground.. the Government might in the future upgrade the ground.
to bring Bigger events to an Actual ground where you are close to the action.
AAMI is hardly ever near full capacity. why build something so big at the cost of hundreds of millions extra.
the MCG holds 100k & etihad 55k. why on earth does aami need to be bigger?


Australian sporting sponsorship
AFL excess of $50m
A league $30 million plus
ARU $27 million
NRLOL $25 million

Leagueiscrap
and she still changes your nappies as well!
pusseycat replys
Only when I have an accident.
AFLcrap1
Coach
Coach
Posts: 18602
Joined: Wed Oct 30, 2013 9:49 am
Team: The Scottish Puffins
Location:
Has liked: 29 times
Been liked: 45 times

Re: AFL TAKES OUT $280 MILLION LOAN

Post by AFLcrap1 »

leagueiscrap wrote: Sun Feb 26, 2017 2:35 pm
leeroy*NRL* wrote: Mon Feb 20, 2017 1:28 pm
Beaussie wrote: Sun Feb 19, 2017 7:46 pm

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?
Am not saying rectangular codes want to increase capacity..
I am saying it was ETHIAD which blocked AAMI from being bigger than 30k capacity.
but now that the AFL own the ground.. the Government might in the future upgrade the ground.
to bring Bigger events to an Actual ground where you are close to the action.
AAMI is hardly ever near full capacity. why build something so big at the cost of hundreds of millions extra.
the MCG holds 100k & etihad 55k. why on earth does aami need to be bigger?
FFs it's been explained before . Rectangle sports played on ovals are shit viewing .
You're too far from the action .


LIC self ownage
Lol $10 NRL tickets.$10 NRL tickets .How pathetic is that ?
Crickets chirping after I post $5 AFlol tickets .
Self ownage ..no one does it better .
Fred
Coach
Coach
Posts: 7663
Joined: Mon Dec 05, 2011 9:13 am
Team: Collingwood
Location: Gold Coast
Has liked: 47 times
Been liked: 83 times

Re: AFL TAKES OUT $280 MILLION LOAN

Post by Fred »

Etihad can be configured to be rectangular but not sure if they do it anymore. Seats slide in.


Veni, vidi, vici
Post Reply

Who is online

Users browsing this forum: Bing [Bot] and 11 guests