We have heard of some recent deals where a developer gained exclusive control of club land through a payment of $200-300,000. For a cash strapped club this may sound like a lot of money, but the truth is that while it may keep the wolves from the door for a while it is not enough to really turn things around. Meanwhile, … Read more "$250,000 just doesn’t cut it"
Want a new club? Let’s remove the barriers. A new club, cash in the bank and diversified revenue streams sounds great for any club and is achievable for many through a club redevelopment, however while achieving something great is often not straight forward, the chances are that most of the challenges your club faces are no … Read more "Want a new club? Let’s remove the barriers."
Having advised on one recently completed club development project and just assisted another club to finalise a development partnership, it really hit us just how big these projects are. The estimated gross realisation of these projects is close to $200 million each. This is big bikkies in anyone’s books, much less for a clu … Read more "$100m+ projects – club redevelopments are serious business"
We have written recently about how landowning clubs can use their property to diversify income and create a sustainable future for the club. If a club does choose to go down a redevelopment path, then at some point they are likely to need to partner with a developer to tap into their knowledge and capital. It would be easy to … Read more "Not all developers are created equal – why character matters"
Developers are knocking, but don’t give away control too cheaply It’s no secret that COVID-19 has put clubs under significant financial pressure, and so it follows that it’s no surprise to hear about clubs receiving unsolicited offers from developers. For a cash strapped club it may feel like the answer to your prayers, … Read more "Developers are knocking, but don’t give away control too cheaply"