AFL equalisation policy unfair: Cats

Geelong have been 'screwed' by the AFL's new equalisation policies according to club president Colin Carter.

Geelong president Colin Carter has broken ranks with other AFL presidents, saying the league's new equalisation measures favour rich clubs.

The AFL announced its new "competitive balance policy" last month on Andrew Demetriou's final day as chief executive.

It includes a "luxury tax" on clubs who spend up big on their football departments, enhanced revenue sharing and the end of the cost of living allowance.

But Carter on Wednesday took aim at Collingwood president Eddie McGuire and Hawthorn president Andrew Newbold, saying the Magpies' boss scuttled any hope of finding a fair formula.

"The taxation has been hopelessly compromised because Eddie refused to pay it," Carter told Fairfax Media.

"Eddie and Andrew started screaming about the game taking away their hard-earned and they succeeded in getting a deal which weakens the position of the middle clubs against the wealthy."

Carter said a decision to cap revenue from the Magpies, who boasted a $5.2 million profit last season, at $500,000 was a joke and screwed Geelong.

"The philosophy is wrong. What we are doing is just screwing the middle class while the rich are able to get their affairs in order which is what happens in real life.

"To take $300,000 from (Geelong) and $500,000 from Collingwood actually weakens our position against Collingwood."

On the day of its release, AFL chief executive Gillon McLachlan said McGuire had "prosecuted Collingwood's position strongly".

"Eddie is well known to be passionate," he said.

"He protects Collingwood's interests as a priority ... but Eddie is also keeping an eye out for the game and the industry."

"He brought that approach to this."


Share

2 min read

Published

Updated


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world