The Gold Coast AFL consortium has welcomed Labor's Queensland election victory, which paves the way for them to be granted a licence to enter the competition in 2011.

The poll result guarantees a $60 million state government grant towards redeveloping Carrara stadium, a pledge which had not been matched by the opposition Liberal National Party.

Financing to turn the stadium into a 25,000-capacity venue had been the major hurdle the AFL needed to clear before giving the expansion club the final go-ahead.

The AFL Commission is now expected to make an announcement on the club's licence this week, after postponing a decision at its meeting last Friday.

"The Labor government were very supportive of the AFL program and have worked closely with them over a long period of time and from our perspective it was certainly a positive result," the Gold Coast's chief operating officer Scott Munn said on Sunday.

He said the club was now waiting to hear from the AFL.

"I'm not really 100 per cent sure of the movements of what the AFL will do this week and the Commission, they've announced that they will make some sort of announcement at some stage during the week," Munn told Melbourne's SEN radio.

"Once that happens we will be briefed and deal with it as it comes through."

Munn said despite the difficult economic climate, the club's commercial position was solid and they had updated the AFL on that at last Friday's meeting.

"We're very confident, irrespective of what's going on economically, that we've managed to hold our position with sponsors," he said.

"We're really hopeful, we're confident and once everything is finalised the Commission hopefully will give us the go-ahead."

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