Melbourne Cricket Ground - MCC and MCG Trust make offer to AFL clubs
  • MCC Logo
  • NSM Logo

MCC and MCG Trust make offer to AFL clubs

Mar 24, 2009

At a meeting with the Australian Football League (AFL) and AFL clubs last Friday, the Melbourne Cricket Club (MCC) – with the support of the MCG Trust - made an offer to Victorian-based clubs to increase their financial return from home matches staged at the MCG.

This offer comprised a package totalling more than $50 million (after indexation) over a 10-year period, effective from the opening round of the 2009 AFL season. The package involves an extra payment to the home club of $90,000 per match for matches at the MCG plus an incentive payment for season's attendances in excess of 2.1 million patrons.

As an example, Melbourne Football Club’s 10 home matches would earn an additional $900,000 in 2009 while Richmond’s eight matches would ensure it receives an extra $720,000 from its home matches this season.

“This is an extremely generous offer, considering we have a long-term contract with the AFL that was entered into to support the redevelopment of both the Great Southern Stand and the Northern Stand,” said MCC chief executive Stephen Gough. “That contract involved the MCC in 2001 taking on a massive $360 million debt obligation for the northern side of the MCG.”

A critical part of the MCC’s current offer to the AFL clubs is the requirement for an extension of time to pay off this debt burden as ground cash flows are reduced as a result of additional payments to clubs. The main contribution to servicing the ground's debt has come from MCC members, who are currently contributing $40 million per year.

-ends-

CRICKET Australia is playing hardball with Michael Clarke – instructing him to figure in the Adelaide tour match against India or miss the first Test.

Herald Sun

NICK Kyrgios has crowned a glorious first full grand slam season by winning the Newcombe Medal as Australia’s most outstanding player in 2014.

Herald Sun

SUN Yang - who broke Australian Grant Hackett’s 1500m freestyle world record - quietly served a three-month doping ban Chinese officials have denied covering up.

Herald Sun

CRISTIANO Ronaldo won’t be coming to Australia in July for the sun and sand, with John Aloisi claiming the Real Madrid superstar will go “full throttle”.

Herald Sun

ANDREW Bogut’s shocking run of injuries has continued, with the Golden State star forced out of a game after copping a severe hit to the face.

Herald Sun