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TOPIC: How to Market the Sale of Nosebleed Seats

larkin How to Market the Sale of Nosebleed Seats 6 years 6 months ago #15

larkin
Na thats all a cover story. The real problem is they still can't find the water mains and haven't been able to flush the dunnies without them filling with river water and jelly fish. And as you can imagine that creates a real problem for the showerheads and for the mens urinals.
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zorro How to Market the Sale of Nosebleed Seats 6 years 6 months ago #16

zorro
Oh, great work Colin. Spend a couple billion on a stadium without a deal in place with its overwhelmingly major customer.

Maybe his truly weird successor will demand the state government abandon its public transport promises so we can send more money to the Victorian government's Department of Football (AFL) so they can fund more bread and circuses for the good folk of Melbourne.

Someone should erect a statue of Colin in Ellenbrook so the locals can throw things at it while they wait for the bus.

I'd happily drive out there to join in the fun.
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point less, pollyanna said You Beaut

Raglan Matt How to Market the Sale of Nosebleed Seats 6 years 6 months ago #17

Raglan Matt
So that's why our injuries go from 2 - 4 weeks to TBA.
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Drubbing How to Market the Sale of Nosebleed Seats 6 years 6 months ago #18

Drubbing
I find it hard to believe the AFL would have the hide to lay claim to revenue from non AFL events at the stadium, when it's put no investment in it. Shirley something else going in, or they believe they are a plutocracy
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Raglan Matt How to Market the Sale of Nosebleed Seats 6 years 6 months ago #19

Raglan Matt
They are just waiting for Trump to get the sack so they can appoint him as their next CEO.
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jimb2 said You Beaut

point less How to Market the Sale of Nosebleed Seats 6 years 6 months ago #20

point less
Victorian Government Dept of Football (AFL).....I like that zorro
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Morgan How to Market the Sale of Nosebleed Seats 6 years 6 months ago #21

Morgan
The key part from the story in The West is this: "Central to the tension was a clause that football access up to $10.3 million a year of football’s share of the stadium economy in years 11 to 20 of the deal. The AFL wanted to be able to access money generated by other sports at the stadium to make up any shortfall in that figure."

The AFL wants its share guaranteed before it signs up. I think that's a reasonable position to take - after all, it is merely a tenant, and the profitability of the stadium sits in large part with the operators. My guess is the 'access money from other sports' is a red herring. I reckon all the AFL is saying is that if the amount of money the Government / Venue Operators estimated (or promised) isn't forthcoming, the Government / Venue Operators are on the hook. The only way they make money is from other sports and concerts, so they've spun it that way to make the AFL look bad.

The Government is entitled to play negotiations however it likes, but personally I reckon bleating to the media at this stage of the negotiations is unbecoming. The alleged AFL 'threat' to remain at Subi is merely their leverage in the deal. After all, they don't have to play games at the new stadium. Football will likely be taking a financial hit to do so.

I'd say the Government / Venue Operators need to stop whinging to the media and get back to the negotiating table, Everyone knows the deal will get done. This tactic is just making everyone look bad.
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Suker How to Market the Sale of Nosebleed Seats 6 years 6 months ago #22

Suker
Yeah, all hot air and bluster. Footy wull be at the new stadium...no other option will happen. We all know that, they know it...just shutup and get it done and keep it in the boardroom.
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shane said You Beaut

Drubbing How to Market the Sale of Nosebleed Seats 6 years 6 months ago #23

Drubbing
The above is more likely scenario. You can't believe what you read in the media. It's often just a conduit for those who want to frame a story.
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The_Yeti How to Market the Sale of Nosebleed Seats 6 years 6 months ago #24

The_Yeti
Absolutely disagree with everything you said, Morgan.

The AFL declined to contribute to the new stadium and to then demand a share of non-AFL revenue to ensure their 'take' from the stadium is simply arrogance at its finest.

The WAFC has been demanding a guarantee of 10 million a year for 50 years and now the AFL is demanding that other sports be treated as secondary to ensure the AFL's revenue. The government is absolutely correct to expose this conduct.

Its a hollow threat anyway. The AFL would attract a greater income from the new stadium than they would get from Subi, simply because of the greater number of walk ups available at Burswood. They've been told the deal is final and it should stay that way.

Of course, the AFL would be in a position to ask for guarantees had they contributed to the stadium as they did in Adelaide but they refused. Now they wear the result.
Egurls Suck!
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Raglan Matt How to Market the Sale of Nosebleed Seats 6 years 6 months ago #25

Raglan Matt
Yeah Yeti, they spruke that they market the most entertaining game in the world. That they are a showcase of Australian sport. How they can, as a party who has no investment whatsoever in the stadium, claim proceeds from events they have no part in presenting or financing is beyond arrogance. My earlier quip about Trump being the next CEO was said in jest, but they seem to have an Aussie version in place already. I think that every taxpayer in WA is entitled to a share of the profits, and the AwFL can go take a running jump.
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Drubbing How to Market the Sale of Nosebleed Seats 6 years 6 months ago #26

Drubbing
The reason I'm inclined not to fully believe the story, is even at my most cynical, I can't accept the AFL would be that arrogant and dumb. But I may have underestimated them.

Nothing to do with this negotiation is dignified. The WAFC want their snout deeper in the trough than the AFL. We're just the mug punters who pay for it all. Twice, if you rent seat or go to games.

Meanwhile, were still paying Wilson Parking extortionate rent on an an empty car park at a hospital that still isn't open. Thanks Barney. When you arse something up, you really do it with Worlds Best Practice.
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Corporal Agarn said You Beaut

Morgan How to Market the Sale of Nosebleed Seats 6 years 6 months ago #27

Morgan
One of the issues is that the article isn't clear over what is at the heart of the dispute. 'Football' wants "football’s share of the stadium economy". I'm not sure what that means, but my best guess is that the stadium would have revenue streams that aren't directly tied to discrete events. For example, the new massive microbrewery pays rent, but that isn't necessarily tied to an event. 'Football's share' of that rent over the next two decades is unknowable, because that rent will be renegotiated many times, and much that venue's revenue (and thus rent) will be driven by what other events the stadium hosts.

Risk in a contract should sit with the party best able to manage it. The AFL can't manage how much 'economy' the stadium will generate in years 11-20, the leases it signs, the deals it makes; but having an anchor tenant play at least 22 games a year makes those deals viable. 'Football' is entitled to a share of that benefit and is entitled to know the floor of that amount. If the Government doesn't hit that floor, it needs to cough up the money from somewhere else.

Herein lies the issue with leaking snippets of complex negotiations to the media - it can only muddy the waters. Even if you were inclined to believe that the AFL was deliberately and brazenly seeking to take money out of the pockets of other sports, you can't demonstrate it one way or the other from the story published.

It's poor form.
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Drubbing How to Market the Sale of Nosebleed Seats 6 years 6 months ago #28

Drubbing
The negotiations may well be complex, but if it were simply put, the AFL isn't entitled to anything other than a share of the ticket sales revenue for AFL games.

The stadium is entitled to earn its share of that to, and anything else that contributes to operating an event, such as hospitality boxes (sold by the clubs to ensure their share) and the sales from vendors.

The only difficult bit should be deciding how much revenue the AFL get, that's fair to the venue and the clubs.
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Raglan Matt said You Beaut