The Tasmanian Government is today releasing the signed agreement with the AFL, in line with our commitment to be open and transparent through this process.
We fully understand the strong community interest in this issue and with the cooling-off period now ended, we are able to release the agreement, as we said we would.
The agreement clearly stipulates that a Tasmanian AFL licence is conditional on building a new stadium that is fit for purpose and will ensure a Tasmanian team is viable.
The document confirms the Tasmanian Government's financial commitment of:
- $60 million to assist in the establishment of the team's operations and to construct a high-performance centre for use by the team;
- Operational funding of $12 million a year for 12 years (with CPI capped at 2.5% or CPI, whichever is lesser) from the team's entry into the AFL and AFLW competitions.
The AFL will also invest $358 million into Tasmanian football as part of the deal, which will flow throughout communities and clubs with:
- $15 million into the stadium;
- $10 million into the club's training and administration;
- $90 million in game development;
- $33 million into development of young male and female talent; and,
- $210 million in distributions to the new club over the first 10 years.
The agreement has been largely released in full, including all elements that relate to the Tasmanian Government.
Premier Jeremy Rockliff said:
"We committed to releasing the agreement with as much detail as possible, and that's exactly what we've done.
"The agreement confirms our targeted investment that will not only deliver us our own AFL and AFLW sides, but will create over 4000 jobs and deliver massive returns to our economy – allowing us to reinvest the dividends into the areas that matter to Tasmanians."
Minister for Sport and Recreation, Nic Street, said the agreement was a massive win for Tasmania.
"Our Government is delivering for Tasmanians and this agreement finally gives us our own licence, along with jobs, economic growth, and significant investment into grassroots footy here in Tasmania," the Minister said.
The agreement can be found here: https://www.stategrowth.tas.gov.au/news/tasmanian_club_funding_and_development_agreement
