Mr Stewart's comments come after the taskforce handed down its report into the viability of a potential Tasmanian team on Friday.

The report found that a team would generate more than $110 million a year in revenue for Tasmania and more than 360 jobs.

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The taskforce recommended that a team - which would play 11 home games a year in the North and South of the state - be based in Hobart, following community consultation and advice from the AFL and the Australian Football League Players Association.

"Based on... the fact that most of the playing roster, presently, would be from the mainland states, Hobart would be the likely team base," the report read.

Mr Stewart, a prominent Launceston businessman, said the need to have home games in both the North and South of the state was clear, but added that there were several factors that meant Hobart was best placed to serve as the team base.

"I think all the evidence points to the fact that, to get a successful team up, we need to be able to retain players," he said.

"And that's been the problem with the Gold Coast [Suns] and others, that you get good players there, you just get them rocking and rolling, and then they say, 'I want to go home because my wife can't get a job" or "We can't settle'.

"So it's important that we can settle players and keep them living in the state throughout their career, and then hopefully post their career."

Mr Stewart said Hobart's job market and the fact it was a bigger city than Launceston would be attractive to players on a potential Tasmanian team.

"There's probably more opportunity, particularly for partners," he said.

"I think, clearly, there's more job opportunities and it's a bigger city to make home for a pretty sizeable group of people that will come and set up."

Economist Saul Eslake, who was part of a state government-led steering committee tasked with investigating the potential for a Tasmanian AFL team in 2008, said he once believed it would be "sensible" to base a Tasmanian team in Launceston and commit to playing four or five games in Hobart.

"The reason for saying that was that Launceston gave easier access to everyone in the state," he said.

"But I understand the compromise that the taskforce has proposed is that the higher drawing games - say, Tasmania versus Collingwood or Tasmania versus Richmond - would be played in Launceston. That might be a reasonable compromise."

It's been recommended that Launceston host "blockbuster" games at an upgraded UTAS Stadium.

In an opinion piece published in The Examiner on Saturday, Premier Peter Gutwein said the government was "extremely pleased" the taskforce had recommended a model that could "unite the whole state" by sharing games between the North and South.