Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Defending the Territory – Can Darwin be the AFL’s 20th Club?

Published

on

When the Tassie Devils join the AFL, in 2028, as the 19th team, Darwin will be the only capital city in Australia without an AFL or NRL team. Will the AFL go in and defend their territory which it failed to do in Canberra all those years ago?

The Footy Case for the Northern Territory

The case for a NT team in the AFL – to be called the Darwin Dingoes or Darwin Crocsis considered a romantic notion in some ways, but the footy case is strong. The Territory has produced rich reservoirs of football talent from Alice Springs to the Arafura Sea. Playing talent like Michael Long, the Rioli family, Andrew McLeod and Nathan Buckley roll off the tongue of any Aussie Rules diehard, and many Territory (often Indigenous) players become famous in the state leagues of SA and WA as well as the AFL. Many play in the Northern Territory Football League (NTFL) before heading down south in what is the ‘off season’ for the Top End.

In fact, according to James Coventry’s neat little book, Footballistics (2018), the NT is truly Aussie Rules heartland in terms of participation and talent. In terms of ‘footy readiness’, according to Coventry, the NT often comes top in terms of participation rates.

For a small population of just over 240,000 people, over 13 percent of Territorians participate in AFL programmes, compared to 8 per cent in WA, 6 per cent in SA and 2 per cent in Victoria. NT is top in terms of adult participation and top four in terms of children’s participation. In fact, in non-metropolitan areas, Coventry found there were 22,000 registered participants (in 2018), which means every child outside Darwin and Alice Springs plays footy—not allowing for the many unregistered participants who are also playing. In 2022, this had grown to around 40,000 participants. And in terms of talent, the NT produces 56 elite AFL players per million people, with only Victoria and SA ahead.

And in the NT, they simply love footy. Just watching the finals from the Tiwi Islands or Central Australia will tell you that! It also shows up statistically, with almost half the population favouring the AFL column in terms of Google searches—ranking it with the traditional Aussie Rules states Tasmania, SA, Victoria and WA.

AFL Club Taskforce – The Strategic Business Case

The NT AFL Club Taskforce, in their Strategic Business Case for the 20th licence, has examined a number of options. These include more AFL matches in Darwin and Alice Springs, a relocated team, or a Darwin-based stand-alone Northern Territory team that also plays in Alice. They even consider a Northern Australia team (Darwin-based but also playing in Cairns in Far North Queensland), although it may be better to have the Queensland teams—Brisbane Lions and Gold Coast Suns—develop Far North Queensland, Central Queensland and the Sunshine Coast, and let the NT team focus on Darwin and Alice Springs. Hawthorn is also considering playing a few games in Cairns.

The Economic Challenge

Of course, that’s the footy case. It seems an open and shut case. But the economic case for the NT is much harder—especially given climate, population and financial considerations if the NT team requires a new stadium or upgrades to TIO Stadium in Marrara, Darwin and TIO Traeger Park Oval in Alice Springs.

As experience shows with NT teams, even the basketball team the Darwin Crocs struggled.
ABC News: NT Sports Club Struggles

Even with a significant AFL contribution of $7.83 million per year, the Taskforce forecasted that the NT AFL Club would need Federal and NT Government to fund an operational funding gap of $18.89 million per annum. This would include a new or upgraded stadium, with AFL NT chairman Sean Bowden explaining that:

The Stadium will anchor the opportunity to bid for a 20th licence in the AFL should that opportunity arise.”

However, the Taskforce noted:

The economic benefit to the NT could be as much as $559 million if the new club was provided with a new stadium. The Strategic Business Case indicates that an AFL Team would create 160 full-time jobs, bring game day activation of the economy and add $116M a year in economic output to the Territory economy.”

AFL NT makes its case

Social Impacts and National Significance

Hand in hand with the economic benefits come the social impacts. The NT has a serious problem with diabetes and associated health problems, low educational attainment and imprisonment. The Taskforce would develop pathways for participation—not only for elite footballers in an AFL and AFLW team—but also create a social safety net of social programs for all Territorians under the umbrella of the NT AFL team. Social cohesion is important for internal security in the same way as defence is important for external security.

In some ways, the NT team might be considered a national security (internal social cohesion) project. In the same way as the PNG team in the National Rugby League (NRL) is getting support from the Commonwealth Government for geo-political reasons (external security) to the tune of $600 million as part of a $750 million ambitious investment by the NRL:

An AFL team in Darwin might be considered in the same way. Darwin was the only capital city bombed in wartime in 1942. It is considered vital to our defence strategy, and the new tensions in global geo-politics will see a review of our defence assets and arrangements. For instance, the lease of the Port of Darwin to a Chinese Government-linked company would never have happened in today’s global climate.

So just like having an NRL team in PNG, the Commonwealth might consider having an AFL team in Darwin as important to national security.

And as many seasoned commentators (hello Ross Gittins) always say—what do you do when economists question a project? Put it in the defence budget under ‘national security’. It may be a stretch to consider it part of defence, although the AFL might like this, as it would allow them to ‘defend their territory’ and keep the NT a predominantly Aussie Rules zone.

Completing the National Jigsaw

And there’s no doubt that the Aussie Rules footy community would love it. As the legendary AFL commentator Bruce McAvaney once said, the NT would “complete the jigsaw” in the national competition of Australia’s truly indigenous home-grown game.
McAvaney’s View on the 20th Team

There’s that romance coming up again. Australia’s only indigenous game—with AFL teams from Tasmania to the Top End, and from the East Coast to the West Coast in every Australian capital city. It might be just too much for the AFL, as custodians of the great Australian game, to resist.


*Professor Tim Harcourt is Industry Professor and Chief Economist at the Centre for Sport, Business and Society (CSBS), University of Technology Sydney, and author of Footynomics and the Business of Sport.

Money

Global stocks rise to record highs in 2025

Global stocks surge to record highs at 2025 year-end, driven by Fed rate cuts and AI optimism across markets

Published

on

Global stocks surge to record highs at the 2025 year-end, driven by Fed rate cuts and AI optimism across markets

video
play-sharp-fill
In Short:
– World equities are expected to reach record highs in 2025, driven by anticipated Federal Reserve rate cuts and AI gains.
– The MSCI index gained nearly 21% in 2025, while the S&P 500 achieved its 39th record close this year.

Global equity markets ended 2025 on a historic high, capping off a year of extraordinary gains. The MSCI world equity gauge recorded an almost 21% year-to-date increase, while the S&P 500 closed at 6,932.05 on Christmas Eve—its 39th record close of the year. European shares also touched intraday records, as investors bet on continued Federal Reserve interest rate cuts and strong AI-driven growth.

Asian markets led the year-end surge, with Taiwan’s benchmark index hitting a record high of 28,832.55, fueled by gains from Taiwan Semiconductor Manufacturing. South Korea’s Kospi rose 2.2%, marking its best year since 1999. Across the region, investors placed big bets on artificial intelligence, overshadowing concerns about trade tariffs and economic uncertainty.

The U.S. Federal Reserve’s rate cuts provided further optimism for global markets. After lowering its main funds rate to 3.5%-3.75% in December, money markets are anticipating additional cuts in 2026. While gold dipped slightly, it still recorded its largest annual gain since 1979, and copper hit a new record high. Investors are balancing bullish AI exposure with safe-haven hedges, signaling cautious confidence as 2025 draws to a close.


Download the Ticker app

Continue Reading

Money

New Zealand experiences unexpected economic growth surge

New Zealand economy sees 1.1% growth in third quarter, surpassing forecasts and signalling broad recovery after earlier contraction

Published

on

New Zealand economy sees 1.1% growth in third quarter, surpassing forecasts and signalling broad recovery after earlier contraction

video
play-sharp-fill
In Short:
– New Zealand’s economy grew by 1.1% in Q3, exceeding expectations after a mid-year contraction.
– Fourteen industries reported gains, with business services and manufacturing leading the growth at 2.2%.

New Zealand’s economy bounced back in the third quarter, growing by 1.1% and exceeding forecasts of 0.9%. This follows a revised 1.0% contraction in Q2, signaling a clear turnaround. According to Statistics New Zealand, 14 out of 16 industries reported growth, with business services and manufacturing leading the charge. Construction also picked up, rising by 1.7%, while exports were boosted by strong dairy and meat sales.

Retail spending showed robust gains, especially in categories sensitive to interest rates, including a 9.8% increase in electrical goods and a 7.2% jump in motor vehicle parts. Despite the positive quarter-on-quarter growth, the economy was still 0.5% lower than the same period last year, with telecommunications and education the only sectors experiencing declines.

Cautiously optimistic, Reserve Bank Governor Anna Breman noted that monetary policy will continue to depend on incoming data, as financial conditions have tightened beyond earlier projections. While positive GDP numbers support current low rates, the services sector—comprising two-thirds of GDP—has contracted for 21 consecutive months, suggesting the recovery may remain uneven.


Download the Ticker app

Continue Reading

Money

US economy grows 4.3% in Q3, exceeding forecasts

US economy grows 4.3% in Q3 2025, surpassing forecasts despite inflation and shutdown challenges

Published

on

US economy grows 4.3% in Q3 2025, surpassing forecasts despite inflation and shutdown challenges

video
play-sharp-fill
In Short:
– The US economy grew by 4.3 percent in Q3 2025, exceeding forecasts and showing consumer resilience.
– Consumer spending rose by 3.5 percent, with increases in healthcare and recreational goods driving growth.

The US economy grew at a robust annual rate of 4.3% in Q3 2025, exceeding forecasts and marking its strongest quarterly expansion in two years. This growth comes despite lingering inflation concerns and political instability, showing that American consumers are continuing to spend and drive economic momentum.

Consumer spending, which accounts for roughly 70% of the economy, jumped 3.5% in the quarter, up from 2.5% previously. Much of this increase was fueled by healthcare expenditures, including hospital and outpatient services, along with purchases of recreational goods and vehicles. Exports surged 8.8%, while imports fell 4.7%, giving net economic activity a boost, and government spending bounced back 2.2% after a slight decline in Q2.

Remains optimistic

Despite the strong growth, inflation remains in focus. The personal consumption expenditures (PCE) price index rose 2.8%, up from 2.1%, with core PCE also climbing. Economists are closely watching the job market and tariff-related pressures. Meanwhile, the recent federal “Schumer shutdown” is expected to slow Q4 growth, potentially trimming GDP by 1 to 2 percentage points. Treasury Secretary Scott Bessent, however, remains optimistic that 2025 will still reach a 3% growth rate.

The Q3 numbers are also influencing expectations for the Federal Reserve. Analysts now see an 85% probability that interest rates will remain stable at the January 2026 meeting. Steady rates could provide a measure of certainty for investors, businesses, and consumers alike as they make decisions heading into 2026. Overall, the data paints a picture of a resilient US economy navigating both challenges and opportunities.


Download the Ticker app

Continue Reading

Trending Now