THE SANFL is the major financial winner from the first AFL season at Adelaide Oval, banking $14.9 million - $3.7 million more than at Football Park in 2013.

By comparison, the Adelaide Football Club reaped $12.86 million in revenue from its 11 home games the Oval this year (up by $3 million in it last season at West Lakes).

The Port Adelaide Football Club scored a $9.75 million revenue stream at the Oval, up by $4 million.

OVAL DEAL FUNDAMENTALLY WRONG: HOOK

OVAL REPUTATION WON’T BE TARNISHED: PREMIER

‘REVIEW WILL DELIVER BEST RESULT FOR ALL’

And this revenue-sharing agreement - in particular the deal that delivers more money to the landlord SANFL than the AFL tenants - remains the key stumbling block in the Oval stadium review that today reaches its 128th day.

None of the key parties in the review - the AFL, SANFL, Crows or Power - would comment on the financial spreadsheets gathered by The Advertiser yesterday.

SANFL president and SMA chairman John Olsen yesterday stood by a confidentiality agreement with the Crows and Power when asked by The Advertiser if the stadium deal should have delivered more to the State league than the two AFL tenants.

“We do not want - nor need - a public discussion on how the dollar is split at Adelaide Oval,” Olsen said. “There is goodwill in our talks. And we have been open and transparent in the review. Our books are open to all the parties.”

But the man at the centre of the Oval’s $535 million redevelopment, former Department of Infrastructure chief executive Rod Hook, described the revenue carve up at the Oval as “fundamentally wrong”.

Hook told The Advertiser the Oval deal was supposed to reward the Crows and Power while the SANFL gained from the sale of its Football Park asset. The first three hectares of the West Lakes precinct is to be sold within the next month.

“Adelaide Oval was to benefit the AFL clubs,” Hook said. “It is fundamentally wrong (if the SANFL gains more money than the Crows or Power at the Oval).

“The SANFL’s benefit was to be in the development of their (Football Park) asset at West Lakes.”

The AFL audit of the Oval finances - from the first AFL season that drew more than one million fans through the turnstiles in Adelaide - also concludes the split of the revenue stream is wrong. But there has been no progress in the review since the end of September.

Olsen yesterday maintained the review would end next month. This would prevent State Government intervention with State Premier Jay Weatherill yesterday asking Olsen to deliver a report on the review before Christmas.

“The whole objective of this review is to reach an amicable outcome for all parties - and with everyone’s interests looked after,” Olsen said. “There are still working parties sorting through all the options to see how we deliver that (distribution).”

Despite record home attendances and record membership counts for both SA-based AFL clubs, neither the Crows nor Power will return significant financial returns this season. Port Adelaide will record a $2.5 million loss; Adelaide may make no more than $200,000 and is working to a “break-even” budget for next season if there is no significant change in the Oval deal.

Port Adelaide’s $4 million gain by moving to the Oval meets the estimates based on average home crowds of 36,000 and membership of 32,000. But the Power had record home crowds of 44,364 and record membership of 55,715 - with no benefit from exceeding forecasts at the Oval.

The same applies for Adelaide that had league-best home crowds averaging 48,046.