Latest News

Back to Latest News back

 

AFL looks to secure $600 million loan

AFL looks to secure $600 million loan
March 30, 2020

Facing a significant financial impact from its current shutdown, the AFL is reported to be close to securing a $600 million loan facility to secure its future through and beyond the current Coronavirus crisis.

With the AFL having on Friday secured a pay deal with the AFL Players Association that will see players agreeing to terms on a 50% pay cut until the end of May, AFL journalist Damien Barrett reports the League is now on the verge of securing a loan of up to $600 million which will allow the game to operate throughout 2020 regardless of whether or not matches are played.

Speaking on Nine's Sunday Footy Show, Barrett advised “two major projects the AFL embarked on, one was to get the agreement of the players with their pay deal.

"The second project and this is the one I expect some announcement on some stage this week, that is a financial lifeline to the tune of up to $600 million to be given to the AFL."

"It's not a grant, it's not a gift, it's a loan. It will allow the AFL to operate throughout 2020 no matter what happens, we play games or we don't play games."

"The negotiations with the banks are still on-going, but it will be the done, the way I read it, at some stage next week."

Related Articles

29th March 2020 - AFL and players agree pay-cut deal through Coronavirus shutdown

22nd March 2020 - AFL suspends season until end of May in response to Coronavirus

18th March 2020 - AFL season to commence on time despite Coronavirus pandemic

17th March 2020 - Coronavirus fears sees AFL announce plan to cut season to 17 rounds

13th March 2020 - AFL and NRL seasons to go ahead behind closed doors due to Coronavirus fears

4th March 2020 - Coronavirus fears sees AFL cancel Shanghai fixture

26th February 2020 - Marvel Stadium delivers hospitality upgrades ahead of 2020 AFL season

14th February 2020 - AFL and Ticketmaster move to scrap ticket booking fees at Melbourne’s Marvel Stadium

8th February 2020 - AFL announces key partnerships ahead of the 2020 NAB AFL Women’s Competition

7th February 2020 - AFL Taskforce report shows Tasmanian team viable and sustainable

7th February 2020 - AFL’s Carlton on track to be debt free by 2022

7th February 2020 - The AFL and Coles announce major five-year partnership

11th December 2019 - AFL’s Crows reveal plans to replace Adelaide Aquatic Centre with new training base

4th November 2019 - AFL announces new management arrangements for Marvel Stadium

29th October 2019 - AFL reaches agreement with AFLW players for 2020 season

18th October 2019 - Richmond shows impressive off-field performance to cap AFL Grand Final win

17th October 2019 - Gold Coast SUNS to take AFL Premiership games to the Northern Territory

29th September 2019 - Abel Goals unusual AFL season challenge

24th September 2019 - MCG to offer Australian first with 5G deployment at 2019 AFL Grand Final


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

Summit Fitness

Summit Fitness Equipment is now part of NovoFit - see www.ausleisure.com.au/suppliers/novofit/

read more

Fitness / Recreation / Technology / Wellness

 
 

HTS Group Ltd

HTS Group Ltd provides a complete design, system integration, installation and maintenance package to the transportation, traffic engineering, parking and sports timing industries in New Zealand,…

read more

Aquatics / Events / Sport / Technology

 
 

PathMinder

PathMinder Pty Ltd have partnered with AllUser Industries srl to bring Europe’s most advanced high security portals to the Australian and New Zealand markets. AllUser Industries started to…

read more

Access / Fitness / Recreation / Security

 
 

The Retention People Australia

TRP help health clubs, leisure centres and gyms across the globe create happy, loyal members through our user-friendly software which enables effective engagement and the delivery exceptional customer…

read more

Fitness / Marketing / Recreation / Technology / Wellness

 
 

AUSFIT

Ausfit began in 1992, providing software services to the health and fitness sector including ClubWise, a fully hosted web-based product which combines state of the art club management software,…

read more

Billing / Finance / Fitness / Technology

 
 

TICKETSERV

As of 2018, TicketServ operates as SeatGeek Asia Pacific Pty Limited, part of international ticketing platform SeatGeek. Click here to contact SeatGeek Asia Pacific via their entry in…

read more

Attractions / Entertainment / Events / Sport / Ticketing

 
 

Polin Waterparks

Polin was founded in Istanbul in 1976, and has since grown into a leading company in the waterparks industry. Today Polin is one of the world leaders in the design, production, and installation of…

read more

Aquatics / Attractions / Play / Waterparks

 
 

XBODY Australia Pty Ltd

PROVEN BUSINESS CONCEPTS WITH XBODY XBody’s goal is to see you and your EMS business succeed. That is why we don’t just sell equipment, we provide know-how, expert knowledge,…

read more

Fitness / Technology / Wellness

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business