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NSW Government releases ‘Commerciality Framework’ for stadia

NSW Government releases ‘Commerciality Framework’ for stadia
July 21, 2017

The NSW Government has recently approved a commerciality framework to guide the business decisions of the state’s biggest sports and entertainment facilities, including ANZ Stadium, Allianz Stadium and the Sydney Cricket Ground.

The framework applies to the network of NSW Government-owned stadia, which includes metropolitan and regional venues operated by the Sydney Cricket and Sports Ground Trust and Venues NSW.

Michael Toohey, Office of Sport (NSW) acting Executive Director, says the commerciality framework provides a great opportunity to maximise the commercial return on the NSW Government’s investment, explaining “the opportunity for each of the NSW Government-owned stadia to work together to explore commercial advantages will produce an event-day experience for fans that is unmatched anywhere else in Australia.”

The approval of the commerciality framework follows the NSW Government’s recent investment commitments of $1.6 billion in stadia infrastructure.

The framework allows the facilities to operate both individually and as part of a network, and outlines key principles to be considered with management practice across the network.

Toohey added “our focus is to work with all the venues operators to apply the framework in a way that works for them, and achieves the economic and social benefits that a vibrant a sports and entertainment culture can offer.

“If there’s an opportunity to coordinate strategic directions, or improve the financial performance of the stadia network, this framework allows all the NSW Government-owned venues to cooperate and maximise the benefits.”

The Office of Sport will now begin a detailed benchmarking exercise to assess the current performance of both the NSW Government-owned stadia network and individual venues.

Click here to read the commerciality framework document.

Image: Fans at the Sydney Cricket Ground.

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11th July 2017 - NSW GOVERNMENT REVEALS PLANS TO REVITALISE NEWCASTLE SPORT AND ENTERTAINMENT PRECINCT

23rd June 2017 - ANZ STADIUM REDEVELOPMENT PROJECT HIT BY RISING COSTS

21st June 2017 - RECORD NSW FUNDING COMMITMENT TO SPORT AND RECREATION

8th May 2017 - NEW VENUES NSW BOARD ANNOUNCED TO OVERSEE MAJOR VENUES 

30th June 2016 - NSW GOVERNMENT ANNOUNCES NEW BOARD FOR ANZ STADIUM

16th June 2016 - NSW GOVERNMENT BUYS BACK ANZ STADIUM

2nd June 2016 - PARRAMATTA STADIUM REDEVELOPMENT ENTERS DESIGN PHASE 

14th April 2016 - SUBURBAN SYDNEY STADIA TO BENEFIT UNDER $40 MILLION NRL CENTRES OF EXCELLENCE PLAN

14th April 2016 - SYDNEY’S STADIUM DEBATE OVER AS NSW GOVERNMENT COMMITS $1.6 BILLION TO REFURBISHMENTS

6th September 2015 - NEW ENTITY TO MANAGE SYDNEY’S STADIUM NETWORK

21st August 2015 - STUDY RECOMMENDS $1.85 BILLION SPENDING ON SYDNEY STADIUMS

23rd November 2012 - DRAGONS’ FUTURE SECURED AT WOLLONGONG’S WIN STADIUM 


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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.

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Subscriptions cost just $90 a year.

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