A new Adelaide Oval stadium deal is expected to be signed off soon. Picture: Calum Robertson Source: News Corp Australia
LEGAL documents outlining the new Adelaide Oval stadium deal will be put to the vote in both the Crows and Port Adelaide board rooms next week.
Negotiations for a new deal — that will deliver an extra $3 million combined to the Crows and Power this season — ended between the SANFL and AFL on Thursday night, 211 days after the stadium review began.
Both of the SA-based AFL clubs are now working the finer details of the legal documents that present new "technical" clauses to the financial agreements reached just before Christmas.
The financial spoils are an extra $3 million combined for the Crows and Power this season with this figure rising to $4 million in each of 2016 and 2017. By 2016, the deal delivers the 70 cents in a dollar return sought by the two clubs.
Adelaide chief executive Andrew Fagan will present his recommendation on the deal to the Adelaide board by Thursday when the Crows directors have a scheduled meeting.
Fagan noted recent negotiations between the AFL and SANFL had introduced to the deal "new elements — technical, not financial — that we need to assess."
"We've only had the documents for 48 hours," he said.
"And after 211 days, I'm not going to rush (read the legal papers) on Day 212 ... if it takes to Day 221, that's fine.
"It won't be a lengthy process, but it is one we need to go through."
Of the new financial return, the Adelaide Football Club regards the new carve-up of the money pot at Adelaide Oval as "reflecting the distribution levels expected before the move from Football Park."
Both Adelaide and Port Adelaide gained the projected increase in returns at the Oval this season. But the projections were based on crowd figures both clubs significantly shattered at the 53,000-capacoty Oval.
In the Power's case, it collected the $4.3 million uplift forecast with average crowds of 30,000. But Port Adelaide drew average home crowds of 44,364 last season — and the club did not bank the benefit of the extra 14,000 fans.
The new stadium deal at the Oval presents significant incentives for the Crows and Power if the clubs continue to deliver big crowds. Adelaide had the AFL's highest home-crowd average last season at 48,046 — more than projected in the original Oval stadium deal.
Also new is the opportunity to collect corporate and catering returns from home finals where the AFL keeps the gatetakings.
Anda sedang membaca artikel tentang
Oval deal down to last check of finer details
Dengan url
http://astagaberita.blogspot.com/2015/02/oval-deal-down-to-last-check-of-finer_14.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Oval deal down to last check of finer details
namun jangan lupa untuk meletakkan link
Oval deal down to last check of finer details
sebagai sumbernya
0 komentar:
Posting Komentar