Please do not hesitate to contact me. The Port Adelaide Football Club has declared a record operating profit for the 2021 financial year. Australian Football League. A drop in revenue was at least partially matched with a drop in expenditure. Bulldogs chief executive Ameet Bains said this and the mens team reaching the grand final had underpinned the strong financial results. Fri, 25 June 2021 9:46AM. In that time there has not previously been a financial backwards step at least until COVID-19 struck. 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. Key items contributing to the financial outcome include: Whilst our result was underpinned by the sale of The Brook gaming venue, we must acknowledge and thank the ongoing contribution of our Geelong Strong members in season 2021, in what was another disrupted and challenging year in being able to attend games of football Geelong Cats Chief Operating Officer Simon Kelleher said. The club has embarked on a major upgrade of RSEA Park in Moorabbin which has become the clubs home again after the failed Seaford venture. Clubs had no blueprint on how to react. We are determined for the club to remain the destination club for players, staff, members and our commercial partners. AFL Clubs Adelaide Crows Brisbane Carlton Collingwood Essendon Fremantle Geelong Gold Coast Suns GWS Giants Hawthorn Melbourne North Melbourne . If I could summarise our 2021 year in one word, that word would be resilience,Mr Goyder said. The club recorded a standard operating profit of $2,308,667 prior to the inclusion of $2,254,069 of expenses relating to the Swans HQ development at the Royal Hall of Industries (tender costs, rent and depreciation). Its no secret that two chaotic years have taken their toll but the recently released financial reports from 11 clubs paints a stunning picture of resilience. You can only download this statistic as a Premium user. Posted Tue 24 Aug 2021 at 1:52am Tuesday 24 Aug . AFL Headquartersalso embarked on a significant restructure to stay afloat. 1 st in group. The extent of what is effectively taxation of the richer clubs is a sore point for some powerful clubs. West Coast lost $42m from a very high income and simply didn't make their usual massive profit. The AFL has shed about $700 million in revenue over the course of the pandemic in 2020 and 2021, forcing major cost cuttings and wiping out their cash reserves and future fund but avoiding any debt. 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. AFL players agreed to take a 50 per cent pay cut in the wake of the coronavirus pandemic. Were sorry, this feature is currently unavailable. 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. Richmond President Peggy ONeal said the Clubs financial position was the result of a collective effort to keep the Club strong during challenging times. 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. AFL. Mandalay Baseball and the Braves proposed to bring the franchise to town if Wilmington would build a $37 million, 6,000-seat stadium, necessitating a 2.5-cent property tax increase. The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show . The club was precariously placed when it owed as much as $9 million in the years after rejecting a massive financial carrot from the AFL in late 2007 to turn its back on Melbourne and relocate to the Gold Coast. These allocations in 2021 boosted the expansion teams funding to an aggregate of more than $400 million over the 10 years that both teams have been in the AFL. Sign up for the Real Footy newsletter. The games collective unity and determination enabled us to withstand what some would say was an even bigger test than the year prior. The report also provides assurance that the City presents fairly its financial position as verified by independent auditors. Geelong and Adelaide are not far behind the so-called power clubs of Collingwood and West Coast, in terms of receiving modest funding from headquarters, the Cats getting variable funding (aggregate of $2.13 million from 2012 to 2020) in only six of the past 10 years. Wed be pretty keen, wed have a lot to say in that, said Brasher. 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. This year, we experienced the largest aggregate growth in membership of any club in the AFL, Essendon CEO Xavier Campbell said. We are rapt, Pert told News Corp when asked about this years profit. The AFL has today forwarded its 2021 financial results to the Presidents and Chairs of the 18 clubs, in the lead-up to next months Annual General Meeting. AFL Club Member Summary 1984-2021 Clubs - 1992-2015 GWS Members MCC Member Survey - 2008, 2010 & 2015 Swans Melbourne Memberships AFL Participation 2008 AFL Participation 2009 AFL Participation 2012 AFL Participation AFL Sponsorship News Club Jumper Manufacturers Marks for marques: new car intention at AFL clubs AFL Stadiums 2019 AFL Venues However, we know there is plenty of work ahead of us, so were determined to keep the momentum going. Voya Financial's (VOYA) Q4 results reflect higher investment income in Wealth Solutions and the benefit of the Allianz Global Investors transaction in Investment Management. Gryan Miers spoke with Cats Media after the practice match against Brisbane. 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. Even adjusted for inflation, half of the league's modern clubs earned more revenue in 2019 than the VFL as a whole did in 1987. 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. The Bombers released their annual report on Wednesday and revealed they had signed 81,998 members for the 2021 season as well as announcing the completion of their $50 million Hangar facility. 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. The profit was generated from a revenue base of $73.8 million. In a statement on the club funding differences, an AFL spokesman said: We have a club funding model that is integral to the competitive balance of the competition and supports the notion of any given Sunday, and clubs get different levels of funding depending on their individual circumstances.. One in 23 Australians is a member of an AFL club. 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 Bulldogs completed the sale of its gaming activities during this financial year, recording a one-off gain on the sale of $4 million. A payment is due to be made to the players retirement fund in May 2022. The Bulldogs recorded a profit from continuing club operations, before redevelopment activities, of $1.6 million as well as a current year surplus relating to redevelopment activities of $853,674. Geelong Announces 2021 Financial Result By Kevin Diggerson on Nov 28, 2021, 10:00pm The Geelong Football Club has announced a statutory net profit of $4.7 million for the year ended 31 October 2021. In, Australian Football League. We saw all areas of the club display great flexibility and agility in making significant changes to the way we operate. An investigation by The Age into the different funding of the 18 clubs over 10 seasons also found that Richmond now a competition benchmark on and off the field had surprisingly been given more funding than seven clubs over the past decade, gaining variable funding of more than $13 million compared with Collingwoods none, West Coasts $525,000, Geelongs $2.6-$2.8 million, Essendons $2.3 million, Hawthorns $4.106 million and Fremantles approximately $6 million. . Even that amount could be considered a miracle, considering round 1 was played in front of empty stands around the country. While the AFL recorded a cash surplus, the AFL's underlying operating loss for 2021 was $43.0 million, compared to an underlying operating loss of $22.7 million in 2020. AFL funding ladder revealed: $100m gap between top and bottom clubs. 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. The average player salary for a listed player in 2021 was $372, 224 . Every club is going to speak through self-interest and if you look at it, the clubs that would expect to get more out of variable funding will want one thing. The AFL reported an underlying operating profit of $20.7 million in 2022, compared with an underlying operating loss of $46.1 million in 2021, an increase of $66.8 . 2019 Annual Report. Pert said the Demons had sold almost four years worth of merchandise in the month leading up to and after the clubs 2021 premiership success. Those changes ensured we delivered an exceptional financial result in 2021, while the club was able to continue to perform at a high level on and off the field. Our people inside the Club and out refuse to bend, let alone be broken. The AFL has shed about $700 million in revenue over the course of the pandemic in 2020 and 2021, forcing major cost cuttings and wiping out their cash reserves and future fund but avoiding any debt. Across all clubs, revenue dropped $342m, or an average of $19m per club. Darcy, a father-son for the Western Bulldogs and the son of club great . The Demons have no debt and cash reserves of $9.6 million, while the sale of the Bentleigh Club land asset will yield $23.7 million next year, which will be put into a Future Fund to safeguard the clubs long-term financial future. "Revenue of The Australian Football League (Afl) in Australia from 2012 to 2021 (in Million Australian Dollars). Demons chief executive Gary Pert said the clubs ability to emerge from a second year of the global pandemic in the best financial shape in its history was testament to the loyalty of its members and the ongoing commitment of its sponsors. After splitting their pre-season games, all eyes are now on the Round 1 clash with Collingwood. The 'winter shot': Everything you need to know about getting your next COVID-19 booster, If you catch COVID again, will your symptoms be worse? The development budget was essentially halvedand may set back the pathways in ways not yet foreseen. The Port Adelaide Football Club has released the following statement regarding the club's 2020 financial result. As such, sporting codes will have to plan from A to Z. 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. Some clubs relied on more walk-up fans and member churn for their attendance income. The AFL view is that the Cats have a superb stadium deal at their government-funded home ground, which means they need less support. The Club has worked incredibly hard to build a position of strength that gives our football programs the best chance to succeed. The outstanding financial result in a pandemic year has allowed the club, which now has the longest premiership drought in the game, to decrease its whopping debt to $9,562,300. As soon as this statistic is updated, you will immediately be notified via e-mail. As the 2021 year played out, our operating expenditure continued to increase due to the costs of accommodating our clubs throughout the season, some who were on the road for months on end. If you are an admin, please authenticate by logging in again. They were still given total variable funding, however, of just less than $2.5 million, from 2018 to 2020, after they won the 2017 premiership, but nothing in 2021. Some astute financial management from Amarfio and past chief executives Eugene Arocca and Carl Dilena across the past 10 years, much-needed sponsorship dollars and an ongoing commitment of the clubs loyal members, especially through the pandemic, helped to turn the tide. As a result, we remain financially stable, strongly connected to our stakeholders, and important contributors to the broader community. This also included the additional precautions taken during travel and interstate stays to safeguard the players, clubs, and the community. We could not have achieved these kinds of results without the support of the 54,493 dedicated Demons who signed on in 2021. The Bulldogs have announced they have completed the financial year, ending October 31, with a total statutory profit of $6.47 million. To all 50,144 members who have supported the club through this challenging period, we thank you.. 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. 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. Sources said this was a travel allowance. Learn more about how Statista can support your business. We have an administration driven by purpose and care and it shows. Were working to restore it. AFL : 68.12 (-0.04%) UNM : 45.57 (+2.29%) Premium events and corporate boxes were mostly impossible and many fans opted for options such as reduced cost memberships or fees deferred toward next year's membership. 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. Cooper Whyte had just a half to show Cats fans something in Geelong's 2nd practice match, and showed plenty with impressive contests and kick outs. In addition, management is developing the clubs vision for the next evolution of the clubs high-performance facilities for both its AFL womens and mens teams. 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. In the spirit of reconciliation the AFL acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. At the personal level, the crisis was tough on those working within football as clubs were forced by policy to cut over a third of all spending from their off-field football budgets. It has been a significant achievement to turnaround a heavy financial loss incurred in 2020, to post a profit in 2021 while clearing all debts to the AFL, Sydney Swans CEO Tom Harley said. Our members loyalty and the support from our sponsors has carried us through the second year of the pandemic. Geelong has named its squad to take on Brisbane in Thursdays practice match, Daisy Pearce arrival to Geelong has been almost a lifetime in the making, Daisy Pearce has joined the Cats' coaching ranks. Hybrid remote in Dallas, TX 75261. It also raised questions about the level of support needed for a Tasmanian team. Amateurs still featured in the VFL right into the 1970s, and the wages of paid players for much of the century (under the Coulter Law) was limited to about $5,000 in today's money. Show publisher information Its the Bulldogs eighth straight year of total profits, and sixth with a total profit in excess of $1 million. As a Premium user you get access to background information and details about the release of this statistic. That step is reminiscent of a failed attempt in 2012 by Wilmington city officials to bring an Atlanta Braves minor league team to the Port City. The Giants have received about $100 million more funding from the AFL than the Pies over the past decade. Chart. As we navigated through the on-going effects of the pandemic, it continued to test the resolve and, at times our patience, as we collectively worked through the week to week, and sometimes day to day uncertainty that the pandemic presented. Professional football in Australia has not always been a high-money, high-stakes game. At the time, the prognosis wasn't promising. This revenue assisted in covering the following costs: Operating expenditure decreased by $22.5 million. 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. 2015 Annual Report. The COVID-19 pandemic and related government health measures significantly impacted the AFL industry and the clubs operating model, most notably resulting in the final four AFL mens home games without crowds. . The Brisbane Lions, who have recovered strongly from a fiscally fraught position and made a profit to $3 million this year, are expected to receive about the same as they did in 2021.