+x+x+x+x+x+xIt is 10 years on and the HAL is not only a basket case with and a money pit/black-hole for investors but the FFA STILL expect 5 million for a franchisee licence!!
where did you get that figure from? Western United paid close to $20 million. Western United is a real estate deal... They need the football team to justify the stadium... They will pay for the stadium, but local authorities will pay for infrastructure upgrades (including public transport) which in turn make the real estate development (which is going to be massive) more attractive. The stadium will be on the edge of Melbourne as things stand - but will soon be swallowed up by a new suburb... I wonder who already owns/controls a huge chunk of land around the area... Do we really care how the stadium is funded though? Once completed it will be a genuine gift to Australian football. If investors are savvy enough to make football infrastructure viable we shouldn't complain. If the game benefits I have no problem with it... My post was purely to explain why someone would be so keen to spend $20m on a license to lose money. Answer - they will cover those losses via the real estate deal. they'll easily make money via ticket sales because they have their own stadium. it'll end up paying for itself Long term they certainly should - this is the whole point of owning a stadium... But they will make far more from having extensive improvements to infrastructure around their other assets. Again, that's not a criticism, I'm happy for football to benefit as a side-effect of someone's business.
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