The AFL is not backing away from its ‘no stadium, no team’ condition for the new Tasmanian club as the planned $715 million ground in Hobart’s CBD continues to be a divisive election issue.

The Tasmanian premier, who is aiming to be re-elected after calling an early poll for March 23, has pledged to cap state government spending on the Macquarie Point stadium at $375 million.

As well as the $375 million pledged by the Tasmanian Government, the Commonwealth is chipping in $240 million, the AFL $15 million, while $85 million is slated to come from borrowings and the private sector.