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SA Premier on how Adelaide is inspiring Tasmania’s sports growth

Tasmania seeks to emulate South Australia’s success with Adelaide Oval to boost sport, culture, and infrastructure development.

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Tasmania seeks to emulate South Australia’s success with Adelaide Oval to boost sport, culture, and infrastructure development.

Article text by Professor Tim Harcourt, Chief Economist, Centre for Sport, Business and Society, UTS

I first met Peter Malinauskas, the 47th Premier of South Australia through a footy connection. We both played for the Adelaide University Football Club (AUFC) in the South Australian Amateur (Aussie Rules) Football competition.

The AUFC or “The Blacks” is one of the largest open age football clubs in the country and the home of well-known Adelaide personalities Rulebook, Fred ‘Chocka’ Bloch and Bob Neil. I was a guest speaker at the past-players lunch for the club, and Peter, a rising star in the trade union movement (and then, a brand-new father) kindly showed up to my talk despite being on paternity leave.

The Blacks are a very egalitarian footy club with over 10 sides most seasons, with the bottom side, affectionately known as ‘The Scum’, treated with the same disrespect as the top side. It turned out that Peter and I both played for the Scum. In fact, later, when he was Premier, he introduced me at a SANFL Grand Final function as a “Chosen in the back pocket ‘The Scum’s’ team of the century.” I couldn’t think of a better accolade than that!

We also had other things in common — getting our first jobs in supermarkets (Peter at the Woollies at Mitcham shopping centre and me at Coles Arkaba nearby), both being members of the shop assistants union (the SDA, Peter was later State Secretary), and we also crossed paths when I later worked for his predecessor as Labor Premier, Hon. Jay Weatherill.

Peter Malinauskas is a political talent, extremely popular with a great feel for what the electorate is thinking. Jay Weatherill once described him as “the IVF politician. If you wanted to create a perfect politician, you’d put all those ingredients in a test tube and out would come Peter Malinauskas.”

So we have much in common, but it is footy – and Footynomics – that brings us together again. After all, footy and sport in general are helping to transform a state and city economically, as it has led to regular business and cultural events uplifting South Australia’s visitor economy. And much of that is due to redevelopment of the magnificent Adelaide Oval in the heart of the city.


Adelaide Oval Redevelopment

Like the Premier, I was a junior member of the South Australian Cricket Association (SACA), and watched most Sheffield Games, One Day games and Test Matches at the beautiful Adelaide Oval. But in those days, SACA ran Adelaide Oval as a bastion of cricket — major football matches in the South Australian National Football League (SANFL) were played out at Football Park in West Lakes in the western suburbs of Adelaide.

The redevelopment of Adelaide Oval to the magnificent multi-sport and entertainment venue it is today took a herculean effort by the State Government, especially given initial opposition from many SACA Members.

As the Premier explained to me:

“Probably one of the most difficult tests… was a critical, I think it was over 75% of SACA members had to vote in favour of constitutional change… Yet it happened and now I think everybody looks back on all those debates and wonders what we’re ever arguing about.”

According to the Premier, the ‘naysayers disappeared’ after seeing the results. He draws a parallel to the Hobart stadium project:

“I hope that in Tasmania and Hobart, they get to experience the same satisfaction… It was real opposition at the time, but once it was done, it was self-evident to everybody that this stood on its own two feet.”


Economic Success of Gather Round

The impact of the Adelaide Oval redevelopment is most evident during Gather Round — when all 18 AFL teams play across South Australia over one long weekend.

According to Port Adelaide Chairman David Koch, Peter Malinauskas gave “an extraordinary presentation” to win the hosting rights for SA.

The Premier, however, credits the fans:

“I think the people who deserve the most credit with Gather Round are footy fans themselves, particularly those who have travelled from interstate.”


The Power of Proximity

The Premier emphasises the geographic advantage of Adelaide Oval:

“For people to be able to literally walk out of Adelaide Oval across a footbridge and then be in the epicentre of our hospitality district just brings a unique vibe… It’s the event that overwhelms the city.”

This central location is something the Hobart stadium project seeks to emulate.


Tourism and Business Events Platform

Events like Gather Round are critical to Adelaide’s economy:

“We have to work hard. We have to fight to generate the attention that we deserve… Events give us a platform to do that.”

These events not only boost tourism but also elevate the state’s reputation as a place for business and investment.


Funding Essential Services

Critics argue that investment in stadiums comes at the cost of essential services. The Premier disagrees:

“We invest in these events to generate economic activity that then underpins the investment in important services like health and education.”


Sporting, Cultural and Business Synergy

The combination of sporting, cultural, and business events has spurred hotel and accommodation development:

“On its own, business events won’t underpin new hotel developments… But together it does.”

This integrated approach continues to fuel Adelaide’s growth and attractiveness.


The Premier as a Footy Fan

Peter Malinauskas still plays for The Blacks in the Amateur League and strongly supports the Tasmania Devils joining the AFL:

“I desperately hope that the Tasmanian team happens… I, for one, will absolutely visit Hobart when Port goes down there to play.”

So expect to see the Premier in a black, teal and white scarf at Hobart’s stadium in 2028 when the Devils run out to play Port Adelaide!


Professor Tim Harcourt is Chief Economist for the Centre for Sport, Business and Society at University of Technology Sydney (UTS) and host of Footynomics – the Business of Sport TV series on Ticker News.

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How The JackJumpers Effect will influence Tasmania’s upcoming AFL team

Tasmania’s Jackjumpers win NBL Championship, inspiring local pride and boosting youth sports participation in the state.

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We’ve Seen the Jack Jumpers Effect — So Will There Be a Devil-Led Boom?

Article text by Professor Tim Harcourt

The Tasmania-based basketball franchise, the Tasmania JackJumpers, have just undergone a change of ownership, from founder Larry Kestelman to new owners Altor Capital

(Read more here).

Kestelman will keep his ownership of the National Basketball League itself but will remain with the JackJumpers for 2 years as part of the transition to new owners by 2027.

A Championship-Winning Start

The Jack Jumpers have only been in existence since 2021 but have been amazingly successful on the court, making the finals in their first year and actually winning the NBL championship in just their third season.

The JackJumpers have also been winners off the court too.

The JackJumpers Effect

When I interviewed the JackJumpers CEO Christine Finnegan for my new show Footynomics: The Business of Sport, on Ticker News and The Airport Economist channel

(Watch here), I asked if there was a ‘JackJumper effect’ on the Tasmanian economy and society as whole.

She explained its effect in a number of ways:

“We measured the economic and social impact that the Jack Jumpers have had on the state, and there’s certainly a three to one return almost for the state in terms of their investment in this club.

So, it’s not just, it should never ever, a sporting club should never ever just be measured through economic benefit, although that is clearly an upside, but there’s certainly that mental and that hearts and minds benefit that we’ve been able to really tap into.”

A Slogan That United the State

Christine noted the slogan ‘Defend the Island’ summed up the whole ethos when the team won the national championship in only their third season:

“I can honestly say when we won the championship, I walked the streets of Hobart, and I just walked past so many shops that had ‘Defend the Island’ in the window, and that’s everywhere from your mum and dad business to Myer, and everyone had it in the window, and there was an element of me that just felt this great sense of pride that we’ve been able to create something that all our businesses, regardless of whether they were involved with the club or not, that didn’t matter, that they’d all got onboard, and they really had wanted to defend the island with us, and it was a wonderful sense of achievement, I must say.”

 

A Coach Who Hits the Road

She believes the success on the court was in part due to the team’s American-born coach Scott Roth, who has embraced the island state to his heart and is clearly very popular all over Tasmania:

“I always think in terms of sport and sporting clubs, if they can’t come to you, then you must go to them, and I must say our head coach, leads that charge, as soon as our season’s finished, he’s in his car for six weeks, and he goes around and speaks at school assemblies and community events, and he does that off his own bat, but it’s really important that the state feel part of this.”

What Does This Mean for the Tasmania Devils?

With the Tasmania Devils Football Club entering the Australian Football League (AFL) in 2028, could the JackJumpers be a sign of what is to come?

After all, given the traditional popularity of Aussie Rules Football in Tasmania — a foundation state — if there can be a JackJumpers effect, then surely the Devils would be a JackJumper effect on steroids, given the scale of footy compared to basketball and other sports?

Tasmania has the highest proportion of footy fans even in terms of Google searches and has the highest proportion of ‘AFL only’ fans out of all sports fans

(See this analysis).

Unity Across Sports

Christine Finnegan says that far from being competitive, the Tasmanian teams are working together as one for the good of Tasmanian sport. The JackJumpers, the Hobart Hurricanes (Tasmania’s Cricket franchise in the BBL), and the Devils are all collaborating.

One major initiative is the Tasmanian Academy of Leadership in Sport, designed to:

“Give the next generation of Tasmanians the opportunity to now work in professional sport without having to leave the island.”

(More info here)

A Launchpad for the State

The Devils are certainly hoping to emulate the JackJumpers in providing an economic launchpad for Tasmania in terms of investment, skills, and job opportunities — particularly for future generations of Tasmanians.

As Christine Finnegan says:

“AFL is the number one sport in Tasmania but there was frustration always to miss out on having a team in the AFL but with the awarding of the 19th licence all of a sudden, you see it really exploding again, so it’s wonderful to see for the people of Tasmania,… Tasmanians have been great contributors to the overall success of AFL for many, many years, and they should be rewarded with having their own team to cheer for week in and week out.”

A Calculated Risk That Paid Off

Larry Kestelman sure did take a risk to take on the JackJumpers (as well as a whole code of basketball) just five years ago.

But this reminds me that success in business — as in sport — is to some extent a function of calculated risk, and the JackJumpers are a great example of sport entrepreneurship leading to community pride in Tasmania.

The JackJumpers are a beacon of light for what the Tasmania Devils Football Club and the associated infrastructure — both physical and social — could become for the state and even the nation.

 

*Professor Tim Harcourt is Chief Economist for the Centre for Sport, Business and Society at University of Technology Sydney (UTS) and host of Footynomics – the Business of Sport TV series on Ticker News.

Watch Footynomics

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Early retirement lessons: rethink wealth, purpose matters

Early retirement analysis reveals clients may have sufficient funds; purpose post-retirement is crucial to avoid identity crises.

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Early retirement analysis reveals clients may have sufficient funds; purpose post-retirement is crucial to avoid identity crises.

Mark Wyld, Financial Advisor at MW Wealth Management explains that many clients focus heavily on wealth accumulation, which is commendable.

However, stepping back for a broader analysis could reveal that they already have sufficient resources to retire or to start experiences like family travel sooner.

Some clients travel and check off items from their bucket lists, only to face an identity crisis later.

This crisis stems from boredom and lack of purpose.

It can also serve as a catalyst for positive change, leading individuals to work one or two days a week simply to cover basic expenses, while keeping their investments intact.

The key takeaway is that retirement planning involves more than just financial security; it requires consideration of life’s purpose and activities post-retirement.

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Former PM Keating advocates for 15% SGC, managing retirement wisely

Keating advocates for 15% SGC, highlighting effective retirement savings management and the value of tailored financial advice.

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Former Australian Prime Minister Paul Keating advocates for 15% SGC, highlighting effective retirement savings management.

Mark Wyld, Financial Advisor at MW Wealth Management sat down to discuss Paul Keating’s support of increasing mandated superannuation contributions to 15%.

Australia’s superannuation system has performed well, generating a $4.1 billion pool, now ranked fourth globally and projected to become the second largest within the next decade.

This has resulted in only 2% of GDP being spent on age pension costs, significantly lower than the OECD average of 10%.

The focus now should shift to how we effectively manage retirement savings rather than worrying about superannuation itself.

Retirement presents complexities, including health issues, job insecurity, and the need for significant initial expenditures to support personal interests.

As the super balance declines, access to the age pension begins, emphasising the importance of strategic investment and the invaluable peace of mind that financial advice provides, which cannot be automated.

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