News We’re going to Dingleyland! Teams to move in mid 2025!

[Strapping Young Lad]

 

[Mitchell Madness]

Most houses take minimum 12 months.

Single story is 4 months
Double story is 6 months

 

[Pessimistic]

Something to add also....

Jeff also said in the AGM that we will be the only club who owns their facilities.
All the other teams have grounds on land they dont own.
I think they are all owned by the state governments.

At the end of this we will have a very sizeable asset on the books.

I wonder how the other clubs account for their facilities.
If they are on their asset registers or not?

apparently we owned Waverley too. But do we wonder if the value can be realised other than to another Professional sports team?

 

[B&GBlood]

apparently we owned Waverley too. But do we wonder if the value can be realised other than to another Professional sports team?

No games can be played at Waverley so the value is restricted to a traiing facility. When we move out someone will want it.

 

[Agent Smith]

No games can be played at Waverley so the value is restricted to a traiing facility. When we move out someone will want it.

Well, hopefully we can sell it for just a little more than what we purchased it for.

 

[Strapping Young Lad]

Well, hopefully we can sell it for just a little more than what we purchased it for.

$2?

Double!

 

[Agent Smith]

Do I hear a bid for $3? Anyone?

 

[spudmaster]

 

[Ned Ryerson]

The Hawthorn supporters who teamed up to buy the Batmobile from the 1991 grand final could buy Waverley to complete the set.

 

[hawktime]

In your experience what would a build of this magnitude usually have as a timeframe as opposed to 8 months?

I’ve been a part of a few major industrial constructions - 35,000sqm+ - and the build is normally around 8 months. Basketball and sporting structures won’t be that much different so I’d think it wouldn’t be that far off this.

As they will be doing it in stages, I’d suggest they could have the major structures done and then concentrate on commercial offices/admin spaces and any retail spaces in a second/later stage. I’m guessing the fit-out of these spaces will take longer as well - normally 3 months+ to fit out an office space.


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[Brant]

Do I hear a bid for $3? Anyone?

300% RoI could see us out of pokies quicker than expected

 

[Hawkk]

apparently we owned Waverley too. But do we wonder if the value can be realised other than to another Professional sports team?

Precisely

Add in Land Tax and DA constraints (which impacts future land parcel sales) and Rates and is it possible to overstate the value of ownership?

 

[tommyk72]

300% RoI could see us out of pokies quicker than expected

We’ll probably lose half of that to CGT. Need to sell it for at least $4 to make any real money.

 

[phlogiston]

We’ll precisely lose half of that to CGT. Need to sell it for at least $4 to make any real money.

Held it for more than 12 months, so get a 50% discount on the CGT.

 

[Yardie]

Held it for more than 12 months, so get a 50% discount on the CGT.

Crisp fiver and nothing less. Ain't taking no change!

 

[Flukey!]

Precisely

Add in Land Tax and DA constraints (which impacts future land parcel sales) and Rates and is it possible to overstate the value of ownership?

No.
The club paid $1 for it.
You can not overstate the value of an appreciating asset that only costs $1.

 

[Hawkk]

No.
The club paid $1 for it.
You can not overstate the value of an appreciating asset that only costs $1.

That’s Waverley though not Dingley.

It’s an important distinction given Waverley ownership is the building only whilst Dingley is the land and building…

 

[Mitchell Madness]

apparently we owned Waverley too. But do we wonder if the value can be realised other than to another Professional sports team?

We own the grandstand, and get revenue from the gym, dentist, supermarket, fish and chip shop, and Cafe as a result.

The oval is owned by the council

 

[TylerDurden]

We own the grandstand, and get revenue from the gym, dentist, supermarket, fish and chip shop, and Cafe as a result.

The oval is owned by the council

Yep. Still an appreciating asset that cost no debt.

 

[Pessimistic]

Clearly not worth nothing, but (and hawks wouldn’t be the only organisation doing this) they are their own tenant for some of the property. Once they move out, there’s little chance of a like for like replacement, so the book valuation should go down

 

[Lethality]

We should play all our home games there. That part of Melbourne has always been our zone and it stretches out to Frankston as well. I'm sure people from that area would love to have local AFL games rather than having to get into the city, and the AFL would also like to have an outer suburban foothold once again.

Maybe we'll get smaller crowds, but the revenue would be all ours, and we could sell virtual memberships/tickets to fans who want to watch from home. Plus there's the advantage of having our own home ground and home advantage.

 

[danielG]

I’ve been a part of a few major industrial constructions - 35,000sqm+ - and the build is normally around 8 months. Basketball and sporting structures won’t be that much different so I’d think it wouldn’t be that far off this.

As they will be doing it in stages, I’d suggest they could have the major structures done and then concentrate on commercial offices/admin spaces and any retail spaces in a second/later stage. I’m guessing the fit-out of these spaces will take longer as well - normally 3 months+ to fit out an office space.


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I work in commercial architecture and would be very surprised if the Project was completed in full within 3 years. Its a massive logistical operation bring all the trades together and finishing a project of this magnitude so a one year construction period is a pipe dream. The development I imagine would be staged to allow the club to open zones of the site progressively.
I know the hold up has related mainly to the funding of the development and covid shifted the goal posts quite a bit. My own take is that the club would like to gain AFL funding as compensation for losing our Tassie Games, which is fair and reasonable. We might also get some additional state funding if JK exits stage left and our new Pres doesn't carry on the tradition of tormenting the government handing out funding.

 

[Steven Tyler]

We should play all our home games there. That part of Melbourne has always been our zone and it stretches out to Frankston as well. I'm sure people from that area would love to have local AFL games rather than having to get into the city, and the AFL would also like to have an outer suburban foothold once again.

Maybe we'll get smaller crowds, but the revenue would be all ours, and we could sell virtual memberships/tickets to fans who want to watch from home. Plus there's the advantage of having our own home ground and home advantage.

Don’t you need a minimum crowd of 30,000 to break even on a home game?
That’s why we moved games to Tassie and play mostly Interstate teams there

 

[MrPremiership]

Don’t you need a minimum crowd of 30,000 to break even on a home game?
That’s why we moved games to Tassie and play mostly Interstate teams there

think that is the numbers for games at MCG and Marvel, around the 27k mark in attendance gets you a break even, due to the costs of renting the ground for the game, etc

You would imagine hosting games at Dingley would be significantly cheaper.

That being said, hosting games at Dingley is likely 50 years away, if ever, for many other reasons

 

[Ned Ryerson]

We should play all our home games there. That part of Melbourne has always been our zone and it stretches out to Frankston as well. I'm sure people from that area would love to have local AFL games rather than having to get into the city, and the AFL would also like to have an outer suburban foothold once again.

Maybe we'll get smaller crowds, but the revenue would be all ours, and we could sell virtual memberships/tickets to fans who want to watch from home. Plus there's the advantage of having our own home ground and home advantage.

As someone who lives inner city and would happily set the Monash Fwy on fire if I could - let me just say, with love, kindly get ****ed.

 

[Pessimistic]

We should play all our home games there. That part of Melbourne has always been our zone and it stretches out to Frankston as well. I'm sure people from that area would love to have local AFL games rather than having to get into the city, and the AFL would also like to have an outer suburban foothold once again.

Maybe we'll get smaller crowds, but the revenue would be all ours, and we could sell virtual memberships/tickets to fans who want to watch from home. Plus there's the advantage of having our own home ground and home advantage.

if they had taken a site with a train link. Especially with suburban loop arriving sundown or the new proposed Dandenong soccer team location would have been good

anyway even expansion teams get good away crowds in docklands or MCG so that notion is out dated now