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The first official KFC SuperCoach scores of 2023 are in. Despite the increase, 2021 revenue was $55.8 million less than 2019, reflecting the ongoing impact of covid restrictions nationally. You need at least a Starter Account to use this feature. The Geelong Football Club has announced a statutory net profit of $4.7m for the year ending October 31, 2021. New president Luke Sayers said he was confident the momentum gained with the sweeping changes and positive financial result would continue into next season. to incorporate the statistic into your presentation at any time. Richmond and Collingwood will get reduced funding from the AFL.Credit:Getty Images. Footy brings people together, it provides a sense of connection. . The club would like to acknowledge the on-going commitment of the clubs loyal members, commercial partners and Our Ambition donors who remained Geelong Strong during another disrupted season in 2021. We acknowledge the ongoing support of our major partner Ford and other principal partners GMHBA, Cotton On, Deakin University and Morris Finance; No crowds at our final four AFL mens home games; Continued restrictive trading conditions for our hospitality business Higher Mark and Geelongs Gym due to government health measures through the COVID-19; and, Depreciation and amortisation expense of $3.0 million. This is roughly what the Coburg VFL club pulled in from their own sources in 2019. From this strong position we launch into 2022 full of confidence, Sayers said. While this asset base, and continued support of sponsors and members was critical, the most critical piece of the puzzle was the broadcasting rights deals that underpin the financial backing of the game. For them, the pain was as hard as in any other sector. All clubs receive the same standard distribution, which was $10.45 million in 2021 and will reduce to $8.45 million in 2022, when Richmond, West Coast, Hawthorn and Collingwood will receive only that amount, with the remainder of the money re-allocated to teams deemed to have the greatest need. Shares have lost about 1.9% in that time frame, outperforming the S&P 500. The club would like to acknowledge the continued support of the State Government with its funding commitment to complete stage five at GMHBA Stadium and the clubs ongoing partnership with the Kardinia Park Stadium Trust providing rental relief during the financial year. AFL clubs have emerged from two chaotic, Covid-hit years in reasonably healthy financial shape. Once again, we would like to thank our members for their continued support. Carlton, despite a decade of on-field struggles, received slightly less than Richmond in variable funding, over the nine years to 2020. The covid overlay hasnt allowed this social connection to happen as much as we would like, so this year we are focusing our efforts to ensure this happens across all levels of our game.-----Key AFL financial summary:The AFLs revenue increased by $63.3 million to $738.1 million, due to increased broadcast revenue and improved commercial returns. GWS, thus, is expected to get a small boost in funding, while the Bulldogs who rank only behind the Saints among Victorian clubs for extra funding will have their funding chopped. The Club's Balance Sheet is in a strong position, underpinned by the Bentleigh Club land asset ($23.7m), cash reserves of $9.6m and no debt. It operates through the followings segments: Aflac Japan and Aflac United States (U.S.). Chart. Rival clubs largely accept that GWS and Gold Coast will need massive levels of AFL support for decades to build backing in their challenging, non-traditional markets. Still, the club remains in a stable financial position and boasts a talented young list. While Australia has faced big, life-altering challenges before such as the 1918 influenza epidemic and two world wars, sport in Australia has been more of a semi-professional pursuit than a fully professional one. The club now proudly has no direct revenues from all forms of gambling and gaming, and is focused on identifying new opportunities to substitute gaming revenues to ensure a sustainable operating model into the future, this includes expanding its investment in the health and fitness and hospitality industries through its award-winning Higher Mark business. The Port Adelaide Football Club has released the following statement regarding the club's 2020 financial result. The Saints have a large debt of $9.5 million, behind only the Brisbane Lions, but did reduce their debt by $4.26 million last year. West Coasts casualty ward looks set to increase with Josh Rotham sent for scans on a forearm injury, writes MARK DUFFIELD. Sport wasn't immuneto thoseclosures. (March 7, 2022). They have since wiped that off. Others were more exposed to a loss of sponsors, inflexible leases and the closure of side businesses. The 1,113,441 number surpasses the record of 1,057,572 that was set in 2019. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. The Club has worked incredibly hard to build a position of strength that gives our football programs the best chance to succeed. I think it is a great testament to the board, to the previous management teams and previous staff who have done a great job over that decade.. North Melbourne is finally debt-free for the first time in more than a generation, which represents an extraordinary $9 million turnaround across the past decade. Despite the COVID-19 restrictions and disappointing on-field results throughout the season, the Blues grew their membership base, up 21 per cent to 81,302, a record-high for a sixth consecutive year. The Club delivered another record membership of 105,084 a remarkable result under any scenario. The Fremantle Football Club has posted a 2021 operating profit of $1.55 million, seeing a turnaround of more than $2.5 million after posting a loss of $1.07 million for 2020. In January Carlton revealed it had eliminated its remaining $4 million of historical debt ensuring the club was debt free for the first time since 1996. Please try again later. Of the $36 million the AFL has taken from all clubs, more than $26 million will be re-allocated to 14 of the 18 clubs, on a needs basis - a move that has already drawn the ire of Richmond, Collingwood, Hawthorn, the Eagles and Essendon. The Port Adelaide Football Club has declared a record operating profit for the 2021 financial year. Collingwood has posted a net loss of almost $700,000 as it deals with the on-going financial impact of Covid-19. For the last 30 years, Australian Football's professional boom has rolled along untrammelled. The ongoing support of all our key stakeholders remains critical as we move into the future and heighten our ambitions of what the club is capable of achieving.. is ranked # 1. both clubs having stronger balance sheets than ever before, the Demons selling the Bentleigh Club for $23.7 million this year, topping $20 million in 2017, 2018 and 2019, They lost $6.1 million in 2020 due to the COVID-19s impact on their largely crowd-free home games, but have fared far better to record a small profit. Competitions across Australiaand the worldwere put on hold. There is more agitation between traditional clubs about differences in funding. The extent of what is effectively taxation of the richer clubs is a sore point for some powerful clubs. These expenses included testing for COVID-19, travel and accommodation requirements and the creation of hubs across the country. Melbourne had 54,493 members this year, and plans to boost that to 65,000 next year with a view of having 75,000 members by 2023. Melbourne will also have a reduction after winning the premiership, but they will not be cut as heavily as the Bulldogs, according to competition sources, because the Dogs have had a longer period of profitability. As such, sporting codes will have to plan from A to Z. AFL sources said the larger allocation to the Tigers reflected their far weaker position earlier in the 2010s, when they carried a sizeable debt and did not have anything like their present day membership or income. We have a club funding model that is integral to the competitive balance of the competition and supports the notion of any given Sunday.. This year, we experienced the largest aggregate growth in membership of any club in the AFL, Essendon CEO Xavier Campbell said. There is an emotional and financial investment in being a member and we do not take it for granted. The Sydney Swans Football Club has announced a statutory net profit of $54,598 for the year ended 31 October 2021. It was another testing year financially, but I want to thank the boards and staff of the 18 clubs, our players, umpires and our own AFL Executive and team, led by Gillon McLachlan, for the work they did and the decisions they made to ensure football continued around the country. Collingwood chief executive Mark Anderson said the financial difficulties of this season were just as hard as last year. We have wiped, I think, over $9 million of debt in the last decade. Keep up to date with the best AFL coverage in the country. The AFL spent almost $30 million on COVID-19 related costs in 2021, taking it to a combined $76 million during the past two seasons. Keep up to date with the best AFL coverage in the country. That fall wasn't distributed equally and neither was the ability to commensurately cut costs. AFL Headquartersalso embarked on a significant restructure to stay afloat. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. The once cash-strapped Kangaroos now have money in the bank and a locked-in future at their traditional Arden St home base after posting a 13th profit from the last 14 seasons, despite a second year of Covid interruptions. The Geelong Football Club has announced a statutory net profit of $4.7 million for the year ended 31 October 2021. $29.5 million on the administration of the 2021 mens and womens season, including travel costs to relocate clubs impacted by state border restrictions and administer Covid-19 testing protocols; $53.0 million to Game Development; an increase of $21.0 millionin line with increased activity at Community level nationally through 2021; $18.5 million in running the NAB AFL Womens competition; $23.0 million to infrastructure comprising of elite and community facilities and contributions for stadia redevelopments; and. Are you interested in testing our business solutions? You can only download this statistic as a Premium user. Posted Tue 24 Aug 2021 at 1:52am Tuesday 24 Aug . Whilst a challenging year financially, we increased our commitment in making a significant and meaningful difference in our community, and will again focus on our community impact in 2022 and beyond. Can the dogs of Chernobyl teach us new tricks when it comes to our own survival? North Melbourne and Sydney are slated to have their funding slightly increased in 2022.But most AFL clubs will receive a little less in the first instance. This result will support the targeted investmentsin re-engaging with our fans to return to the game and participate in our sport at the grassroots levels, including funding towards community football facilities and to support the launch of the 18 team AFLW competition later this year. By on Feb 14, 2022, 1:30pm The Port Adelaide Football Club has declared a record operating profit of $4,209,451 for the financial year ending 31 October 2021. We have an administration driven by purpose and care and it shows. If we can grow our membership and build big blockbuster crowds at the MCG because we are playing good footy against the best teams, there is no reason why we cant be even financially stronger. We have forwarded our 2022 financial results to the Presidents and Chairs of the 18 AFL clubs, reporting an underlying operating profit of $20.7 million in The Swans the pandemic had a significant impact on the clubs operating model, including playing its final three home games of the season at Geelong, Melbourne and on the Gold Coast. Subscribers with digital . Urgently hiring. John Stensholt Herald Sun. All clubs receive the same standard distribution, which was $10.45 million in 2021 and will reduce to $8.45 million in 2022, when Richmond, West Coast, Hawthorn and Collingwood will receive only that amount, with the remainder of the money re-allocated to teams deemed to have the greatest need. Job losses and wage cuts were the response across the board. The club also made a profit from discontinued operations, including the gain on the sale of gaming operations, of $3.98 million. All the while the Kangaroos have continued to invest in football programs and facilities at their base in recent years, and will continue to do so. 2014 Annual Report. Tanner Bruhn showed a glimpse of his talent in a great showing against the Lions in Geelong's final practice match of the pre season. We could not have achieved these kinds of results without the support of the 54,493 dedicated Demons who signed on in 2021. The improved financial position places the club in a strong position to bounce out of the COVID-19 pandemic and strive for success on and off field in season 2022. We collectively made some tough decisions at the end of 2020 to not only survive the enormous financial challenge we were facing, but to plan for what this year could look like, given the uncertainty we faced, he said. Kennett credited the Hawks 77,000 members and commercial partners for enabling the club to maintain its financial independence during a pandemic that has created two years of challenges and uncertainty. We will need to be if we want to have the money to invest in our footy department and in our facilities for the good of the football program. Some clubs, like Richmond, with diversified economic profiles received more in JobKeeper, while others with streamlined staffing profiles naturally got less. 2017 Annual Report. But the president, who has indicated he will start a process to identify his successor, said the club was in a strong position off the field. The Cats attributed the strong financial result to the sale of The Brook gaming venue in November last year, resulting in a gain on sale of $2.4m. Of this year's crop of key position players, the premier tall is Sam Darcy, who stands at 204cm and looms as a future star. If you are an admin, please authenticate by logging in again. West Coast Eagles have fallen from first place to seventh on the AFL's revenue ladder from 2019 to 2020, with a 56.5 per cent decline in revenue given crowd restrictions in Perth last year. The effects of COVID-19 can be seen in club annual reports. The Korin Gamadji Institute and the Bachar Houli Foundation are central to much of that work connecting with young people in these difficult times and empowering them to shape their futures.. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). The club increased its membership base by 6000 from 2020 with more than 82,000 Pies fans making up the club support base through its AFL, AFLW and netball programs. The games collective unity and determination enabled us to withstand what some would say was an even bigger test than the year prior. The Roos were slightly ahead of Melbourne, who were a clear seventh on the AFL funding ladder, but will lose some funding after winning the premiership. We are really proud of the financial position we have put ourselves in, Amarfio said. AFL clubs and broadcasting manager Travis Auld speaking to media in 2020. Our football community, from our players, coaches and officials and our committed broadcast and corporate partners, all made the relevant sacrifices to ensure the health of the community was put first and we still delivered matches for the fans. The loss of $2 million each to the first four of those four clubs means that, in effect, as one source from a wealthy club pointed out, there will be a gap exceeding $6 million each year between what the AFL provides to the richer clubs and the total player payments (TPP). In another season affected by the ongoing Covid-19 pandemic, including games with heavily-reduced capacities and at times no crowds at all, it is the first time in history the total club membership number has exceeded 1.1 million. By on Feb 11, 2021, 7:00pm The Port Adelaide Football Club has announced a net loss from continuing operations of $278,806 for the financial year ending 31 October 2020.