Hawthorn president Jeff Kennett doesn't believe the AFL can afford a 19th side given the current financial situation.
Speaking on RSN's Breakfast Club radio program, Kennett said another side added to the AFL wouldn't happen in his lifetime, with 12 of the league's 18 clubs relying on financial assistance from the league.
"How do you get a 19th? You don't," he said.
"Well how do you get a Tasmanian team, you've got to somehow rearrange the 18 so that one becomes the Tasmanian team.
"The last thing I want to do is see a Tasmanian team that fails. It's easy to ask for it, but it's a very hard thing to deliver, particularly in this economic environment."
In order for a Tasmanian AFL side to be competitive at the top level, Kennett believes a $40 million minimum spend must be produced each year.
If put in Premier Peter Gutwein's shoes, the former seven-year Victorian leader said he would work with the AFL on how to get a team within the current 18, with all club presidents and the commission committing to that number.
"I would be trying to establish whether we could raise the money to support the team, what amount of money we would commit to that $40 million," he said.
With the state already committing $7 million for both Hawthorn and North Melbourne to play in the state, the base figure is set and the Tasmanian AFL taskforce believes the rest is financially viable.
But Kennett still wants them to "show us your money", saying a lot of it will come from mainland sponsorship.
The last thing I want to do is see a Tasmanian team that fails.Jeff Kennett
"It's one thing to do an inquiry and come down in support of a team, it's a very different thing to be in a position of responsibility where you have to raise it and particularly get it for a number of years so you give the Tasmanian team a chance to actually perform well," he said.
"Many of the players that would make up that Tassie team would come from the mainland, they wouldn't all be Tasmanians by any means because the person in charge would be looking to get his hands on the best players possible so that the team can be competitive.
"So it's not all about Tasmania for Tasmania by Tasmania, it's going to be a team for Tasmania which is made up of financing from the mainland and it's going to be about players from the mainland and I suspect a lot of the staff from the mainland who have the experience now within the 18 clubs."
Hawthorn's future in Tasmania is resting on the AFL's decision regarding football in the state, which is set to come following their assessment of the taskforce's business plan to be completed later this year or early next.
Kennett is hoping for an answer on his club's future by July, putting it back on premier Gutwein to make the decision himself.
"If Tasmania don't want North Melbourne and Hawthorn, then by about the middle of the year, we've got to know because ... we've got to get our strips redone with our new sponsors etc. and that always takes a number of months.
"However, I am hopeful we'll come to a satisfactory landing spot in the not-too-distant future, not immediately but over the next four and a half months."
Kennett said talks between the government and Hawthorn were put on hold until an AFL response was received, which happened Friday.