MELBOURNE, AUSTRALIA - SEPTEMBER 29: The MCG is seen as the sun rises before the 2018 Toyota AFL Grand Final match between the West Coast Eagles and the Collingwood Magpies at the Melbourne Cricket Ground on September 29, 2018 in Melbourne, Australia. (Photo by Michael Willson/AFL Media/Getty Images)

Outgoing MCC president Steven Smith has announced that the Southern Stand could undergo major redevelopments over the next decade.

Smith said the famous Victorian arena should stay up to date with other sporting precincts around the world by continually evolving.

“In the last four years, the extension of the AFL agreement that means the Grand Final is now guaranteed for 40 years at the MCG,” Smith told SEN Breakfast.

“What that means in 10 years when the Southern Stand is 35 years old, and it’s about the time you start thinking what you do with grand stands, we’ve got enough guaranteed content to borrow the billion dollars that we need to rebuild it.

“To connect it to Richmond Station, to connect it to AAMI Park and the tennis centre and it’ll retain being one of the greatest sporting grounds in the world, but also it would be one of the best sporting precincts in the world.

“35 years, it flies past, new stadiums coming through like Perth, Adelaide’s re-done, around the world it’s changing all the time so you’ve got to keep modernising.”

The renovations would reportedly expand the stadium’s attendance capacity by around five per cent.

“We might be able to get an extra 5,000 possibly, depends on how high you go,” he said.

“It’s also very narrow the Southern Stand, it needs to be extended out across Brunton Avenue, it’ll sort of provide better facilities over there. There aren’t the restaurants and bars for the public we’d like to have.”

The outgoing president added it’s very unlikely the MCG will ever a have roof, in a similar vein to Marvel Stadium.

“Not at this point, it’s just not possible from an engineering point of view,” he said.

“I think the beauty about it would be trying to provide more coverage for spectators so they don’t get rained on.”

Former Bombers great Tim Watson said the Grand Final may get temporarily moved to accommodate for the MCG’s redevelopments.

“Back in 1992 the Grand Final was transferred to Waverley, if the Southern Stand was to come down,” Watson said.

“I think it will (go outside of Melbourne). It could go to Sydney, they’re redeveloping up there, it could go to WA, Adelaide possible. The capacity is a bit down there.”