Ballymore Redevelopment
- Thread starter Karl
- Start date
Adam84
Rod McCall (65)
One of the other benefits of the NRTC development, QRU get to lease out the existing space and generate some revenue on-site. Former QRU HQ, ‘Rugby House’ now with new tenants, and the old gym is on the market also.
Ballymore, 91 Clyde Road, Herston 4006
https://www.realcommercial.com.au/504370636
Ballymore, 91 Clyde Road, Herston 4006
https://www.realcommercial.com.au/504370636
LeCheese
Greg Davis (50)
There's a level of irony involved in Asics, who appear to be mostly divesting from team sponsorships, setting up shop in the former QRU HQ - especially with all the noise made around the return of Canterbury.
Jimmy_Crouch
Peter Johnson (47)
ASICS office was on Gould Road. I'd say this one is much less likely to flood.
Wilson
Phil Kearns (64)
Brisbane Roar men's side are moving back into Ballymore for their training base:
Wilson
Phil Kearns (64)
I think it's probably just coins no notes at this stage, but aside from that making a painful shower it's still great to see. Building an increasingly diverse set of revenue streams off the back of all the work that has been done to steady ship and return the operation to (a modest) profit looks to be setting the organisation up well for the future. Not to mention the political benefit from having other sports invested in the Ballymore going forward.
Adam84
Rod McCall (65)
Yeah 100%, I’d say the rental costs would be pretty low given the potential political benefits are worth so much more.
If this helps tips the balance in securing another $30million to upgrade the eastern stand then maybe the Roar will get an even bigger discount.
Theres a few football journos who would hate this news, nothing short of a new stadium at Perry Park is painful for them.
If this helps tips the balance in securing another $30million to upgrade the eastern stand then maybe the Roar will get an even bigger discount.
Theres a few football journos who would hate this news, nothing short of a new stadium at Perry Park is painful for them.
Jimmy_Crouch
Peter Johnson (47)
Discount. They got one when they didn't pay a few years back. Get it up front from them
Adam84
Rod McCall (65)
From memory they paid up in the end after QRU took them to court in a bid to wind them up for insolvency.
Jimmy_Crouch
Peter Johnson (47)
Few more crowds like that and they will have funding for an Eastern stand. Can understand why Hanham doesn't want to give it up to RA
Adam84
Rod McCall (65)
I wouldn’t think that handing over Ballymore would be on the cards anyway, I assumed the commercial operation referred to in reports for centralisation would be the commercial operations of the Reds, not the broader QRU.
it would be absurd if it were, not to mention legal implications of who the DOGIT is actually held by, it’s not the QRUs to hand over or sell to anyone else. It’s a lease from the State Govt in perpetuity to the QRU, not Rugby Australia.
it would be absurd if it were, not to mention legal implications of who the DOGIT is actually held by, it’s not the QRUs to hand over or sell to anyone else. It’s a lease from the State Govt in perpetuity to the QRU, not Rugby Australia.
Adam84
Rod McCall (65)
How’s the revenue sharing for these matches, a flat rental fee with all revenue to Roar? or some kind of revenue sharing model between Roar/QRU based on crowd attendance.
LeCheese
Greg Davis (50)
I noticed the Reds promoted the game on their socials, which many lend some evidence to the latter
LeCheese
Greg Davis (50)
Absolutely, plenty of reasons to get as many through as possible.
I would assume the agreement probably includes a flat fee (for certainty) plus an attendance-based modifier / additional fee which covers the costs associated with facilitating a larger crowd.