eelofwest wrote: Tue Feb 28, 2017 6:00 pm
leagueiscrap wrote: Tue Feb 28, 2017 11:36 am
eelofwest wrote: Tue Feb 28, 2017 8:20 am
Wow step back everyone, the AFL has the ability to borrow 280million and buy an asset that creates revenue. Must teach us plebs how its done.
Just like every property speculator in this country.
Should do some seminars on how to borrow and spend, that might lift your revenue faster
Maybe you should go to one of those seminars?
You'll find most large business operate that way
It's a loan to buy an asset
It's not like they needed an advance on next years broadcast rights to make the books look better!
At the end of the day it's an asset that will only make the AFL more money! If it the venue was to be sold it has an estimated worth of $1.3 billion that will only grow over time
That estimated worth is with a new development on top of the land where the Eithad currently sits.
Who's paying for the new Development?
Another genius Loan from the bank.
Brag all you want about your increased revenue from the stadium but its costing you 200million.
Also how much money will Etihad make the AFL annually through its operation?
Etihad Stadium's burgeoning coffers could help clubs be given a better deal should the AFL take ownership of the venue this year.
The financial accounts for the stadium's parent company Stadium Operations Limited, for the year to December 31, 2015 and recently lodged with the corporate regulator, show an operating profit of $6.1 million from revenue of $79 million.
So 280m loan to make an extra 6m a year.
Will only take 1 thousand years to make your money back...
But as long as your revenue grows thats all that matters lol
again you clearly have NFI about business
the land etihad is on has a current worth $1 to $1.3 billion, as a basic rule of investing land is king, over the next 10 to 20 years the land value it will easily reach over $2 billion & that will be an increased asset to the AFL $280 million dollar loan in the scheme of things is small, given they will have full control of the venue & make money from it
you asked who will pay $1 billion plus for the land?
yes developers, leave the safety of your basement & organise a trip with your special aid nurse to the city! any major capital city, im guessing Shitney in your case? see those big buildings getting built all around the city, well they are called developers, those tall buildings, pay big money to buy the land, build the tall building & sell or lease off units or office space!
basically even if etihad breaks even for the next 20 years for the AFL, once the land is sold off they will have billions
