What has brought this to a head of course is the failure of the SMA’s marketing campaign to sell its Ultimate and corporate packages. The problem this whole thing has and which even Premier Rann recognised back in 2009 is that there is no agreement on anything much between any of the parties.
Tag Archive: SANFL
Kryztoff understands from well placed sources that the quantity surveyors have reported to the Government that in their view the works will now cost between $700m and $800m and this doesn’t include the footbridge. So one can now confidently predict the costs of the announcement the Labor Party had to have are double the original estimates.
However those who said this was a ringing endorsement of the Government’s plans to spend $535m need to think again. The reality was this fixture gave no support for the proposition that Adelaide needs a 50,000 seat stadium, for even after all the hoopla, media support, fine weather and novelty, the crowd in attendance of 29,340 failed to reach the average expected every Port game from 2015 onwards in the now somewhat discredited Centre for Economic Studies modelling.
When one looks at the SANFL cash flow statement over the past five years, the net cash generated from its operations has declined from $6.26m to -$0.618m, a turnaround of $6.8m. With further declines in crowds and events, one can only imagine this year’s results will be yet worse. So what has the SANFL done about it? Complain mostly it seems.
But with the returns from Adelaide Oval to the SANFL greatly reduced as a part of the ‘new deal’ that saves Port will they wish to be a part of it all? It took a lot of money and cajoling to get them as far as they did at the start of this month. Now that it is about to blow up in their faces, will they wish to back out and plough on with the Crows only at Football Park?
Further to our last article Adelaide City Council Lord Mayor, Stephen Yarwood has confirmed to Kryztoff the current Council position as being that the Council voted unanimously on 8th March in favour of providing in-principle support for a governance arrangement for Adelaide Oval based upon a lease to a new independent entity (the SMA), upon terms and conditions to be agreed.
The SACA Information Book reveals for the first time how the SA Government will deliver control of the Adelaide Oval precinct and car parking revenues to the SANFL in the face of Adelaide City Council resistance. It is going to legislate the ACC away from his historic role as guardians of the parklands under the Parklands Act.