Tasmanian AFL fans won't be asked to wait much longer for their state to be granted the AFL's 19th license, with Wednesday slated as the day the Apple Isle will officially be asked to join the big league.

Tasmania's AFL bid was effectively rubber-stamped on Saturday when Prime Minister Mr. Anthony Albanese announced the Federal Government would be committing $240 million of funds towards the Macquarie Point stadium build in their May Budget.

The Federal Labor Government will also be shelling out a further $130 million to aid the refurbishment of York Park in Launceston.

As a heartland football state that has produced a spectacular stream of legendary talents over the decades, it seems incongruous that Tasmania is still without representation at the elite level.

However, as stated by News Corp scribe Jon Ralph on Fox Footy, the seemingly endless wait is almost over.

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"Wednesday is the day that the AFL is now expected to hand the Tasmania team its license for a competition team starting in 2027," Ralph said on Sunday.

"The AFL commission is set to meet on Tuesday to tick off the state's inclusion. It's the same day the (18 club) presidents will then be summoned to establish an official consensus."

While 2027 will be the yet-to-be-monikered side's debut season at AFL level, like the Gold Coast Suns before them, Ralph expects Tasmania will first feature at VFL level - reprising memories of the old Tasmania Devils state-league side that competed in the competition between 2001 and 2008.

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"Expect (in) 2026, A VFL team and then (in) '27, an AFL and an AFLW team," Ralph added.

The name of Richmond CEO and proud Tasmanian Brendon Gale has been raised to act as the state's inaugural chief, aiding the transition from the lower levels to the bright lights.

Still, Gale has also been linked with a role as prospective AFL CEO Andrew Dillon's second-in-charge - a shift that could also come to fruition next week.