Menu
Finance

'Footy Friday' Holiday Prior To AFL Grand Final To Cost Victorian Economy A$1B

Employers "have warned that a public holiday introduced by the ­Andrews government" for the day before the Australian Football League grand final will cost the Victorian economy as much as A$1B ($760M), according to Ewin Hannan of THE AUSTRALIAN. Hazeldene’s Chicken on Monday said that the holiday would add A$195,000 ($149,000) to its wages bill as employees "would have to be paid double time and a half on Friday." Following Labor’s commitment at the '14 state election, Friday will be the second grand final eve public holiday. A PricewaterhouseCoopers study found lost production from the holiday would range from A$717M ($547M) to A$898M ($686M) annually. New research by the Australian Industry Group, released on Monday, found 61% of 80 businesses surveyed said that they "­intended to close on Friday." They expected, on average, to suffer A$16,000 ($12,200) in lost income. The predicted impact "appears at this stage to be smaller than last year" when 85% of surveyed companies closed and the average revenue loss was A$57,000. Another company, a national and global supplier, said that its "customers expect us to be open and our international customers do not understand the public holiday." This additional holiday "is not good for manufacturing in Australia" (THE AUSTRALIAN, 9/27).

SBJ Morning Buzzcast: March 19, 2024

PGA Tour/PIF inching closer? Another NWSL sale for a big return and MLB's Go Ahead Entry expands

ESPN’s Jay Bilas, BTN’s Meghan McKeown, and a deep dive into AppleTV+’s The Dynasty

On this week’s Sports Media Podcast from the New York Post and Sports Business Journal, ESPN’s Jay Bilas talks all things NCAA. Big Ten Network’s Meghan McKeown shares her insight into the Caitlin Clark craze. The Boston Globe’s Chad Finn chats all things Bean Town. And SBJ’s Xavier Hunter drops in to share his findings on how the NWSL is making a social media push.

Learn more about your ad choices. Visit megaphone.fm/adchoices

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2016/09/27/Finance/Footy-Friday.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2016/09/27/Finance/Footy-Friday.aspx

CLOSE