AFL ETHIAD STADIUM 280MILL LOAN

[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.

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.

[leeroy*NRL*]

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?

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.

[leeroy*NRL*]

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.

[leeroy*NRL*]

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

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"

[eelofwest]

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

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

[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.

[leagueiscrap]

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

[Fred]

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.

[leagueiscrap]

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

[leagueiscrap]

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?

[AFLcrap1]

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 .

[Fred]

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

[AFLcrap1]

It's still not a proper rectangle stadium .
FFS how hard is that to understand

[leagueiscrap]

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 .

Etihad can be re configured!
How many times a year or season has there been a crowd over 30k
The minnowbourne storm aren't getting crowds like that!
So let's go and spend several hundred million on a venue, that will hardly ever be filled!

You have no clue or concept of money do you spazza!

[leagueiscrap]

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

For the odd Melbourne Victory game they do.

Interesting to note about AAMI park, when it was built the concrete footings & base of the stadium were over engineered, so the venues capacity can be up graded later date & be able to take he weight of the increased capacity