Chiefs and Mabhida Stadium signed a three-year contract at the beginning of the season to stage some league and cup games at the venue, which was the scene of a fan riot after Amakhosi lost to Free State Stars in the Nedbank Cup semi-finals on Saturday.
The stadium, which was built for the 2010 World Cup, is now under the leadership of the eThekwini Municipality.
“There’s a perception that I want to deal with, that says the city pays Kaizer Chiefs for coming here,” Mazibuko said.
“The city doesn’t pay Kaizer Chiefs to come here. The city has reached [agreement on] a contract with Kaizer Chiefs, which is a three-year contract. That contract says Chiefs will bring three of their league matches to the stadium and a minimum of two knockout competitions.
“So this season they brought out three league games and four knockout competitions based on that agreement. And this season was the first year of that agreement.
“Because this issue of paying Chiefs is in the public domain I’ll say it without being asked whether I’d say it or not, because it creates the wrong impression. The model that we’ve adopted is a mutually beneficial, commercially beneficial model.
“The model says, in this country, it’s only at Moses Mabhida where people come and watch football. You go to the stats and look at all the stadiums and preferrably Chiefs matches at FNB Stadium, and you rate that 2 000 to 3 000 tickets are sold.
“In this stadium, we average 25 000, depending on the match and how the coaches and the team is performing and so forth.
“We said to Chiefs we want to have your matches and we don’t want to pay you for bringing matches here. But we want to benefit as well, as we want to increase our content in the stadium, to keep our suite holders here and make business.
“Our business model, the hospitality in this stadium is ours. Public catering is ours, as well as other income streams... but we don’t get income streams from tickets.
“We said to them [Chiefs] we want to have a share of tickets. They initially said it’s not done anywhere else and we said we’ll do it here, and then we agreed.
“We then said we’ll take the match costs hundred percent, but we’ll take 22 000, the first 22 000 [tickets] sold, hundred percent of that income. Come to us to cover our costs.
“Because that is a break-even point and they were reluctant. They eventually agreed.
“So the first 22 000 sold, hundred percent of that income is ours. And then we said, over and above that, anything beyond 22 000 tickets sold, we’ll share and they agreed. Then we went to them and said, we’ll share on 60-40 in our favour, so the 60 percent of 22 000 [ticket sold] is ours.
“If the match is sold at 20 000 tickets then we take the entire amount and there’s no sharing because we didn’t reach the break-even point. But if you reach 22 000 you’ll reach your break-even point and anything else above that is your income.”