Olympiastadion München, opened 26 May 1972
Received from Gurglars
Thu, 8 Jun 2017 at 2:11 p.m.
Bayern Munich bought out TSV 1860 Munich, their 50% joint venture partners, for €11 million. The stadium cost €360 million and originally seated 80,000 pax.
This is despite the Stadium being used weekly for matches for Bayern and TS Munchen, and six World Cup games being played at the stadium.
█ Wikipedia: Olympiastadion (Munich)
What this tells us is that stadiums are worthless once built – are not assets, but liabilities.
If they are fully owned (no debt) and receipts go to the stadium owners then they can be profitable, but only if the owner is also the user. Thus the only hope is for the Highlanders/Otago to own the stadium.
The DCC have demonstrated that all they can rack up is more debt, more bills and more losses.
[ends]
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Fat chance of Otago Rugby taking over the stadium while it continues to be subsidised by DVML – the true cost of which is not made public. ORFU is now making profits but declines to pay back the ratepayers for the ‘simple things’, like black tie dinners held at the stadium in recent times. God knows what we’re paying for while Mr Davies sits atop his rugby goal post roost, clucking inanely, looking down at the pretty (untouchable) grass.
The prima donna approach is a False Economy, but not for dullards and professional rugby thugs.
Rip up the grass, put in articial turf, and let the Otago stadium be used by more codes / more sports people.
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“It is a little naive to think because it is raining outside and there is water on the facilities, you can just come inside.” –Terry Davies
### ODT Online Thu, 8 Jun 2017
Unrealistic to have club sport at stadium – Davies
By Adrian Seconi
The chances of playing club sport under the roof at Forsyth Barr Stadium without an advanced booking are virtually nil, Dunedin Venues chief executive Terry Davies says. The issue came up in mid-April when the Dunedin City Council closed all its grounds due to poor weather. The Dunedin Rugby Metropolitan Council was reluctant to cancel round five of premier rugby and had hoped to play on the sand-based surfaces at Hancock Park and Kettle Park and possibly under the roof at Forsyth Barr Stadium. However, the stadium was ruled out because of scheduled maintenance. The issue came up again last month when grotty weather forced more cancellations, although premier rugby went ahead as planned. Davies said the idea club sport could be played at Forsyth Barr Stadium because of poor weather was naive. […] “The stadium was fundamentally built to deliver a real economic impact for the city. We have a number of major contracts in place with the professional rugby bodies … and there are other major events that we need to look after. On that basis we run quite a detailed maintenance schedule right through to the year it ensure we can deliver. The last thing we want to do is have a facility that is [not looking its best].”
Read more
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Posted by Elizabeth Kerr
This post is offered in the public interest.
What if? Dunedin... 