I believe the Government now own the building and bought it from the owners which Seven have always rented. This is due to the Docklands revival that’s going to happen to include opening the stadium concourse to the water as well as a hotel to be built there. The government have acquired AFL house as well for this and have given the AFL free land elsewhere in Docklands for them to build on.
It was always a long standing joke that the top floor has empty floor space that wasn’t used. Seven didn’t want to use it because for every m2 they did use it ups the rent so department areas were crammed in to smaller spaces.
When the then Colonial Stadium was constructed in the late 90s / early 2000s, weren’t the adjacent/connecting buildings (AFL HQ and BCM) part of that development?
Has Seven got some of the Disney hits back? They have monsters university on 7flix tonight; which is a Disney Pixar movie? And Guardians of the Galaxy tomorrow night?
Cool Runnings and Monsters University have not aired on Nine, they were on Seven last year, the year before…
(Monsters Inc was on Nine however).
They’re from Seven’s old Disney output, still running for a handful of back-catalogue titles. I’d imagine it’s nearing the end.
Though (in probably a separate deal) Seven still have an active relationship with Disney, currently airing first run Greys Anatomy on 7flix, as well as a few other ABC shows they’ve renewed (but buried).
That’s a good article, thanks for posting. Really shows how much shit Seven are in, unless Stokes swallows his pride and bails them out. He is worth $6bn, and the SWM market cap is $130m. (EDIT forgot to consider the $500m in debt he’ll need to sort out )
As the article implies, Kerry and Ryan Stokes will have to combat a mutiny by the smaller Seven Group shareholders if they try to have that company bail out Seven West. Kerry Stokes may have to put his own money in. But would he be prepared to potentially flush half a billion dollars down toilet to rescue Seven West?