Re: EXCLUSIVE: THE State Government has saved the Western Bulldogs from imminent financial disaster(
I hope the Bulldogs challenge the Maribyrnong City Council's refusal to allow the "Bulldogs Hilton" to be built at Edgewater, through the Victorian Civil and Administrative Tribunal(VCAT).And the Hawks get their 'Hawthorn Hilton' in the Western Heartland.
The rich clubs get richer and the poor get poorer.
Shame Maribyrnong Council Shame.
Sorry, don't know how to post the URL properly but its from The Age today.
Hawks hit jackpot with gaming licence
THE Hawthorn Football Club's climb up the AFL ladder has again been emphatically matched by the club's off-field success with the awarding of a multimillion-dollar gaming-machine licence at Caroline Springs.
Only hours before last Friday night's anticipated clash with Geelong, the Victorian Commission for Gambling Regulation granted the Hawks a licence for 80 poker machines at the soon-to-be-built West Waters development — the only hotel in Caroline Springs.
The gaming licence is believed to be the biggest awarded in Victoria in seven years and is expected to add more than $1 million to the Hawks' annual profit.
Hawthorn, which 12 years ago was virtually broke and resisted a merger with Melbourne, has continued its quest to successfully position itself as an AFL financial powerhouse, enabling its on-field operation to plan its long-term climb into premiership contention.
President Jeff Kennett said last night the Caroline Springs deal, the result of an 18-month campaign by the club and a joint venture with Tattersalls and private investment group Prizac, further underlined Hawthorn's ambition to reap rewards outside traditional football revenue.
"We are trying to look outside the square to secure our long-term future," Kennett said. "We are going through a period of good financial stability and we are always looking for more ways to ensure our long-term success."
Should Hawthorn reach the 2008 grand final, its end-of-year profit could exceed a staggering $4 million. Last year's $3.6 million result was the largest yet by a Victorian club.
The club's profitable major sponsorship deal with the Tasmanian Government and its successful ground agreement with Aurora Stadium is in place until the end of 2011. By contrast, four Victorian clubs — Melbourne, North Melbourne, Richmond and the Western Bulldogs — are all in the final year of major sponsorship agreements, with only the Kangaroos hopeful of reaching another one-year deal with Mazda and Vodafone.
Even the wealthy and most strongly supported club, Collingwood, is reportedly preparing for a seven-figure loss should it write down a multimillion-dollar loss from its hotel venture.
Acting Hawthorn chief executive Terry Dillon paid tribute last night to the club's business committee, headed by Geoff Harris. He said the Caroline Springs deal had come about because of strong support from the local community and Melton Council.
Situated on the Delfin Estate, Dillon said the hotel included 56-room accommodation and two levels of car parking, of which the Hawks would be the tenant.
"It's been a long process but we are consistently working to diversify our revenue into non-traditional football areas. We would like to think this will be a substantial investment for the club," Dillon said.
Hawthorn is also on the verge of striking a deal with the Monash Council, developer Mirvac and Safeway to redirect rainwater from the roof of the Safeway storage plant alongside the club's Waverley Park headquarters to ensure the turf on its training ground remains drought-proof.
The Hawks will invest several hundred thousand dollars to divert water from the 70,000 square-metre catchment above the Safeway building into a water tank alongside Waverley and into a lake adjoining the ground.
Dillon said the club had been working on the agreement, which is expected to be approved by the Department of Sustainability and Environment later this year. Hawthorn will also develop a plan to distribute water to other sporting facilities in the Waverley community.
The AFL's increasing concern at lack of profitability from stadium revenues, particularly at Telstra Dome and the MCG, is expected to dominate discussion at the two-day conference of club chiefs to start at Yuroke, outside Melbourne, today.
Chief executive Andrew Demetriou will head the talks, which will be addressed by Gold Coast boss John Witheriff and AFL NSW chief executive Dale Holmes.
A series of hypotheticals examining the threat from other codes and sports, along with debate regarding the extra financial assistance given to the poorer clubs, is also on the agenda."