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Adelaide Oval Stadium Management Authority

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Govt was warned Adelaide Oval Hotel loan "may not be viable"

The State Government did not follow “specialist advice” on the rate of its Adelaide Oval Hotel loan because it “may not be commercially viable”, the Auditor-General has found, in a report warning the coronavirus pandemic’s ongoing impact on the stadium’s operations “may present a risk” to its ability to fulfil its loan obligations.

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"Not remotely viable": Govt-owned event manager warns on profits, jobs

Saturday’s AFL Showdown at Adelaide Oval “would have lost tens of thousands of dollars” if not for the Commonwealth JobKeeper subsidy, according to the Adelaide Venue Management Corporation, which says it would be “unviable and irresponsible” for it to stage similar events – a decision it concedes will cost event staff jobs.