Dragons and Trust reach agreement
Written by: Dragons media
Wollongong Sportsground Trust and the St George
Illawarra Dragons today announced an extension
to the Venue Hiring Agreement for WIN Stadium.
The Dragons and the Trust had formally only completed
a one year agreement for 2006 due to a number
of critical issues some of which include:
- the ongoing viability of the Illawarra Steelers
- the possibility of further development of WIN
Stadium, in particular the Western Grandstand
- the determination of the full impact of the
NSW Government's Poker Machine Tax on both St
George and the Illawarra Steelers Licensed Clubs.
With the recent announcement of the significant
financial commitment of WIN Corporation, the Dragons
have now been able to confirm a longer term Venue
Hire Agreement with the Wollongong Sportsground
In essence, the one year deal for 2006 was formulated
so as to provide a sound commercial basis for
the future, this agreement has now been extended
for a further five years, with a commitment to
play six or on average 50 per cent of the Dragons
home games plus a NRL Trial at WIN Stadium each
The Wollongong Sportsground Trust and the Dragons
were both very pleased to be able to communicate
with Dragons supporters and the community generally
about elite rugby league having a long-term future
at WIN Stadium.
Chairman of the Wollongong Sportsground Trust
Mr Chris Christodolou welcomed the confirmation
of the extension of the agreement with the Dragons.
I am really happy for Dragons fans and
the people of Wollongong and the Illawarra generally,
I am very also pleased for the Wollongong
Trust and the NSW Government as this outstanding
community asset, WIN Stadium, can be confirmed
as the long-term home of a national sporting icon
the mighty Dragons.
Chief Executive Officer of the St George Illawarra
Dragons Mr Peter Doust reinforced how the Dragons
regional presence, at both Oki Jubilee and WIN
Stadium was a very important business strategy
of the Dragons.
The commercial terms of this five year
extension are sound however, the Trust and the
Dragons have also agreed that it is imperative
ongoing improvements to Corporate, Media and Player
facilities occur over time, said Doust.
The Dragons need to continue to grow their
revenue yield and keep pace with appropriate standards
of facilities going forward.