First delivered to the Tasmanian government in December, the Tasmanian AFL Taskforce findings were officially released to the public on Friday afternoon after being leaked on Thursday night.

Despite the findings recommending Tasmania "reconsider or at least revalue both 'sponsorships' upon their contract maturities in 2021", Premier Peter Gutwein indicated the government would move to renew deals with both clubs until at least 2025.

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Gutwein said a five-year span was the ideal period to establish a new entity and cut ties with North Melbourne and Hawthorn after more than one and two decades respectively.

"[A 2025 start] enables all parties to ensure that the very strong relationship we have built can be ended over time appropriately, with dignity and with the best interest of the parties," Gutwein said.

"What we'll need to look at with the contractual arrangements moving on from 2022 ... a three-to-four year arrangement is something we'll look at but we'll take advice from the Taskforce on that and work through with the clubs as well.

"They've been an exceptional addition to the state over the time that we've had them here, they've assisted growing our economy and they've worked with our communities.

"We want to ensure that for both of us that as we aspire to an AFL team, we can help them to achieve their aspirations as well."

Hawks president Jeff Kennett has been vocal in his desire for Hawthorn to remain in Tasmania, indicating a standalone side would struggle to stack up financially and logistically.

The former Victorian premier will take time to go through the report before commenting but discussed its contents with Gutwein on Friday morning.

"[Kennett] made it clear to me today that they'll have a look at the report, and that we'll engage in coming weeks and months and have a discussion about what the future looks like in terms of Hawthorn here in the North of the state," Gutwein said.

"I've spoken with both of the club presidents and indicated that the state has a very strong relationship with them, a partnership that we have both benefited from and we would see that those partnerships would continue.

"Obviously we need to negotiate appropriate contract moving forward but there's a lot of good will.

"My expectation would be that we would put in place transitional arrangements that would enable those clubs to achieve their aspirations and at the same time they can assist us to achieve our aspirations."

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Tasmanian AFL crowd numbers have declined in recent seasons, with Bellerive Oval averaging just 10,442 across four games last season and UTAS Stadium dipping below five figures for the first time ever when Gold Coast visited in 2018.

The state's record AFL crowd - 20,971 for Hawthorn v Richmond in 2006 - hasn't looked in danger for nearly a decade with the Taskforce noting "local support and interest for both Hawthorn and North Melbourne has eroded over the past decade and value will likely follow".

The Hawks, who have largely remained tight-lipped on the issue, released a statement indicating they would take time to review the findings before continuing negotiations for a new deal.

"Hawthorn president Jeff Kennett has had a high-level discussion with Tasmanian Premier Peter Gutwein earlier today," the statement read.

"The club will take an initial period to read and digest the report and is looking forward to further discussions with the Tasmanian government in the coming weeks.

"The club will make no further comment on this issue at this stage."

North Melbourne opted not to comment on the release of the findings.