Wests have the financial model that every club should aspire to. Commercial building with blue chip tenants
This may take the thread down another path, but I guess it is the offseason.
Wests are done a great job with that new setup but it probably isn't viable for every club, particularly due to location. Wests were already in prime real estate in terms of proximity to the CBD and an existing retail hub. It makes the commercial leases much more appealing to potential tenants.
I am not sure a couple of others would be so lucky to have the ability to easily setup something similar and attract valuable tenants.
I think there is some inherited risk with linking your club finances to commercial agreements and I honestly don't know how much of that whole setup is a direct benefit to Wests. But I'd imagine there could be scenarios where the spaces are vacant and that could negatively impact cash flow for the club.
Sunnybank obviously ran into a similar issue when their agreement with the pokies club dissolved, and their cash dried up and the club went downhill.