Comments at ODT Online:
It’s the finances
Submitted by MikeStk on Sat, 06/02/2016 – 11:26am.
Bones: Once again you misrepresent me – my beef with the stadium and rugby is the way that Otago rugby has ripped off Dunedin, initially promising us a free stadium at no cost to the ratepayers then, without allowing us to vote, changing it to “we’ll raise $50m” and you can pay for the rest, then to “oops we can’t raise a cent” you pay for all of it, to “oops we’re going down the gurgler you must buy Carisbrook for $10m”, to “we’ve had too many black tie dinners and now we’re bankrupt you have to bail us out”, to “we’re not paying enough rent to use it you have to subsidise the running costs by $2m, $5m, $7m, ….”-
Now local rugby is making million dollar profits off our backs but is still not contributing a cent to pay for their rugby stadium – a bunch of wowsers eating at the public trough hoovering my hard earned dollars out of my pockets to subsidised their booze fed events.
I’ll say nice things about your rugby stadium the day I stop having to pay for it and for your fun.
A sad decline
Submitted by MikeStk on Sun, 07/02/2016 – 2:25pm.
Bones: As I said, my issues with the rugby stadium are with the finances, not whether anyone thinks it’s a good stadium or not. Solve the financial issues, have rugby pay what they owe and make the ratepayers financially whole and I’ll be happy.
Remember that the ORFU once owned Carisbrook free and clear – the grandfathers of the current generation of rugby official built and paid for Carisbrook out of their own pockets. That’s the way it should be done.
But over time they started spending more money than they were taking in, rather than doing the financially sensible things like spending less or charging more. They started mortgaging their major asset, with no real way to pay it back, and eventually they owed the DCC $2m, and the bank a few million more – a terrible way to honour the wonderful legacy they had been gifted by their canny, thrifty grandfathers.
Then in a moment of financial lunacy they decided to get the city to build them a new stadium, to replace Carisbrook – the bank must have looked at that and raised their collective eyebrows somewhere over the backs of their heads – Carisbrook, the thing they had mortgaged was now worth less than the loan. You can see why they offloaded it on the city in a deal that cost the ratepayers millions – if they’d sold it themselves their bank account would be in the red. So much for their grandfather’s legacy – squandered to nothing.
There’s no reason for the DCC to have been involved in building the rugby stadium – the ORFU’s grandfathers had already proven that with some thrift, some canniness, reaching into their own pockets and raising money from the public, it was completely possible for rugby to build its own stadium. The current generation seem to be too lazy to try, too willing to force the rest of us to pay for something they should have been saving for themselves over the past generation – very much the Ant and the Grasshopper. [Abridged]
Posted by Elizabeth Kerr
*Image: sportreview.net.nz (Aug 2010) – matching rugby’s favourite nutbar Peter De Villiers’ quote to New Yorker cartoon, tweaked by whatifdunedin