A crowd of 4628 watched the Phoenix defeat the Brisbane Roar 2-0 on Wednesday night, and Davies said the attendance was in line with expectation.
He was disappointed to hear negative comments about the size of the crowd and said it was unrealistic to expect a crowd similar in size to that which went to the pre-season game between the two teams in August. More than 15,000 turned up for that match.
"Those critics who say it was a pretty small crowd are I think being quite disrespectful," Davies said yesterday.
"When we were given this game we knew that it was just before Christmas, there were no students in town and people would not have a lot of money in their pockets. Schools are still in and for a lot that means they will not get home before 10pm.
"We knew beforehand we were not going to be in the ballpark of 15,000. We felt we could achieve 5000 in the building and that is what we have done. We have made a shekel or two out of it. We have not lost money out of it."
He said Dunedin Venues Managament Limited had made a small surplus from the match.
Davies said if the stadium had been offered a game in February or March on a Saturday, he would have been sure of mobilising many more people to attend, and get at least 10,000.
"And after all, the team won 2-0 after being beaten 5-1 in the pre-season match, so they must be happy."
Both teams had been happy with the stadium.
The stadium also hosted the board of New Zealand Football and Davies had opened discussions about hosting an All Whites match.
He said the board had been impressed with the stadium but it was not so simple to get the All Whites into the stadium as the playing calender had yet to be finalised.
The stadium managment was still waiting to hear whether there was a chance to host the Anzac league test next year.
The test was originally scheduled to be played at AMI Stadium but an alternative venue had been sought after the stadium in Christchurch was badly damaged in the February earthquake.
Davies said he had not heard from league officials about the Anzac test and hoped to hear something before Christmas.
He had also made progress in discussions about bringing an NRL game to the stadium and was looking to make an announcement in the new year.
