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[Saba Sports News] The Melbourne Cricket Ground (MCG) may see significant upgrades to its iconic Shane Warne Stand following a financially successful year for the Melbourne Cricket Club (MCC).
After achieving record-breaking attendance figures and becoming debt-free, the MCC reported a net profit of USD 32.1 million for the fiscal year ending March 2024.
This financial success allowed the club to pay off its debt on the Northern Stand redevelopment two years early, paving the way for future improvements to the stadium.
MCC Chief Executive Stuart Fox credited the financial success to unprecedented AFL attendance. “These shows, 18 months in the making, delivered beyond expectations,” Fox said, as quoted by WA Today.
With its strong financial position, the MCC is considering potential improvements, including redeveloping the aging Shane Warne Stand. While a feasibility study is ongoing, Fox emphasized that no decisions have been made yet. This complex project requires collaboration with the Victorian government, AFL, and Cricket Australia.
MCC President Fred Oldfield highlighted the importance of continuous investment in the MCG.
“The stadium is an aging asset, so we must continue to reinvest to ensure the MCG remains a world-class venue. Our current financial position allows us to potentially contribute to further stadium improvements and possible stand redevelopments,” Oldfield said.