The Newcastle Jets and Venues NSW are in conflict over a “preposterous” security bond requirement. Mayor Philip Penfold suggests that upgrading Maitland Sportsground might provide a new home for the Jets amid the dispute.
The Newcastle Herald reported that the Jets and Venues NSW—a NSW government agency managing multiple stadiums—are at odds over a $300,000 upfront bond to hire McDonald Jones Stadium this season.
Venues NSW warned it would take action to protect its interests unless the Jets pay $250,000 by next Wednesday. The Jets, recently under new ownership, had previously agreed to pay $300,000 due to past issues with non-payment and have reportedly settled outstanding debts.
The club, working to rebuild its financial stability, proposed what it considered a fairer bond arrangement for the current season. The Jets have 13 home games scheduled at McDonald Jones Stadium and offered to pay for two games upfront, but Venues NSW rejected this proposal.
Currently, McDonald Jones Stadium—holding 30,000 spectators—is the only venue in the region suitable for the Jets. This ongoing dispute emphasizes the need for a smaller 10,000 to 12,000-seat stadium to be developed locally.
“Venues NSW has warned that action would be taken to protect the organisation if the Jets don't pay $250,000 by next Wednesday.”
“The Jets have 13 home games scheduled for McDonald Jones Stadium this season and are understood to be willing to pay two games in advance, an offer that was rejected by Venues NSW.”
Mayor Penfold highlights the need for a new regional stadium as the Jets clash with Venues NSW over a hefty security bond at McDonald Jones Stadium, risking the club's home ground future.
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