The Newcastle Jets and Venues NSW are in conflict over a "preposterous" security bond. Mayor Philip Penfold suggests that an upgraded Maitland Sportsground might provide a solution for the Jets' home ground issues.
Recently, it was revealed that the A-League club is at odds with Venues NSW—an agency managing multiple stadiums across the state—over a $300,000 upfront bond required to hire McDonald Jones Stadium this season.
Venues NSW has issued a warning that they will take measures to protect their interests if the Jets fail to pay $250,000 by next Wednesday. The Jets, now under new ownership, reportedly agreed last year to pay the $300,000 bond because of the club’s previous history of unpaid debts, which they have since cleared.
The club is currently working to stabilize its financial situation and has proposed a more reasonable payment plan for this year. The Jets have 13 home games scheduled at McDonald Jones Stadium, which holds 30,000 spectators, and have offered to pay for two games upfront—an offer Venues NSW declined.
At present, there is no alternative venue in the region for the Jets to play. This standoff underscores the growing need for a new stadium with a 10,000 to 12,000-seat capacity in the area.
"The Jets and Venues NSW are at loggerheads over a 'preposterous' security bond."
"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 club has proposed what they deemed to be a fairer arrangement this year, offering to pay for two games in advance."
Author’s summary: The Newcastle Jets' dispute with Venues NSW highlights urgent regional stadium needs, with Maitland Sportsground emerging as a potential home solution amid financial tensions.