The AFL and its clubs are united in their quest to renegotiate a new stadium deal at the MCG as several Melbourne-based teams face financial difficulties with existing contracts.
But Gough said he had not received a new proposal from the AFL.
"We have put an offer on the table and it has been rejected and we've heard no more," Gough said.
"We don't have to put anything on the table. The clear difference between us and the other stadiums, as the AFL knows, is we built this with the support of the AFL and the government," he said.
"We've got over $320 million debt to service and they don't have that debt in WA, so to make that comparison between the two stadiums is wrong.”
Gough said there was nothing to talk about until the AFL came back with a counter-offer.
"I'm not sure what the AFL's position is, other than hearing that they don't like the offer we put on the table."
He said it was a balance between serving the AFL clubs and the MCC's debt.
Gough confirmed the MCC had looked at the possibility of upgrading the Great Southern Stand but the cost of further redevelopments, after the Northern Stand was completed this decade, means it's unlikely at the moment.
"If we do something on the Great Southern Stand all we do is increase our debt, which makes it even less likely that we can do anything greater for the club, so it's a balance between debt and return – that's the critical part of this discussion," he said.
