Could Maitland Be the Solution for the Jets?
Mayor Philip Penfold suggests that an upgraded Maitland Sportsground could serve as the new home for the Newcastle Jets, amid a dispute with Venues NSW over a security bond for McDonald Jones Stadium.
Conflict Over Security Bond
The Newcastle Herald reported a standoff between the Jets and Venues NSW, the state agency managing multiple stadiums, regarding a $300,000 upfront bond to rent McDonald Jones Stadium this season.
Venues NSW has warned that it will take action if the Jets do not pay $250,000 by next Wednesday.
Jets’ Financial History and Proposal
Under new ownership, the Jets reportedly agreed to the $300,000 bond last year due to previous non-payment issues but have since cleared outstanding debts.
The club, aiming to regain financial stability, proposed a fairer payment plan for this year, offering to pay for two home games in advance, which Venues NSW rejected.
Current Challenges and Regional Stadium Needs
The Jets have 13 home games at McDonald Jones Stadium, the region’s only suitable venue, with a 30,000 capacity.
The ongoing dispute highlights the pressing need for a new, 10,000 to 12,000-seat stadium to be established in the region.
"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."
Summary: The Newcastle Jets face a financial impasse over a stadium bond, intensifying calls for a new, smaller stadium to accommodate the team and relieve pressure on McDonald Jones Stadium.