Farry silent on stadium sponsorship deal

Carisbrook Stadium Trust chairman Malcolm Farry says he will not respond to claims made about the trust's sponsorship agreement.

Stadium funding opponent Bev Butler told the recent Dunedin City Council annual plan hearings Forsyth Barr had "paid nothing" towards the head naming rights for the stadium, and suggested the council should ask the company to do so to reduce borrowing costs.

She said the first payments were not due until after the completion of the stadium.

Ms Butler told the hearing she obtained the information by making a Local Government Official Information and Meetings Act request.

Principals of the Dunedin-based sharebroking and investment company signed a 10-year agreement with the trust for the head naming rights in 2009.

Neither party would say then how much the deal was worth, although estimates at the time suggested a sum of about $10 million.

Asked this week whether Ms Butler's information was correct, Mr Farry said: "This is a commercial contract and I would be breaking an agreed confidentiality clause if I made any comment."


Add a Comment



Our journalists are your neighbours

We are the South's eyes and ears in crucial council meetings, at court hearings, on the sidelines of sporting events and on the frontline of breaking news.

As our region faces uncharted waters in the wake of a global pandemic, Otago Daily Times continues to bring you local stories that matter.

We employ local journalists and photographers to tell your stories, as other outlets cut local coverage in favour of stories told out of Auckland, Wellington and Christchurch.

You can help us continue to bring you local news you can trust by becoming a supporter.

Become a Supporter