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. Amarfio told the Herald Sun last year that the Kangaroos had made it a priority to become debt-free, after finishing 2020 only $400,000 left in arrears. . Bains said the strong cash position came at a time when the Bulldogs were about to embark on the next significant stage of the Whitten Oval precinct redevelopment. Please do not hesitate to contact me. Operating revenue increase by 33.3% to $47.4 million. Get full access to all features within our Business Solutions. Collingwoods annual general meeting for the 2021 season was held on December 16 resulting in the appointment of Jeff Browne as their new president. 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. Are you interested in testing our business solutions? 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. Essendon received $10.7m from the AFLs annual distribution revenue. Battle lines between clubs are expected to be drawn when the AFL reviews the 2022 funding. The AFL view is that the greatly reduced football department costs (the soft cap is still more than $3 million below the 2019 total of $9.7 million) means the rich clubs have been more profitable in 2021 and can afford the funding cuts. A report from The Age shows the league's variable funding of clubs from 2012 to 2021, with a huge $100 million gap between the top (GWS) and bottom club (Collingwood). Sponsorship and advertising revenues increased to $11.7m compared to the $10.1m in the prior year, with Geelong acknowledging the ongoing support of its major partner Ford and other principal partners GMHBA, Cotton On, Deakin University and Morris Finance in contributing to its strong off-field position. 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. Where almost all of the historical backing from the game came from ticket sales, memberships and benefactors, now punters form a smaller part of the revenue pie. Can the dogs of Chernobyl teach us new tricks when it comes to our own survival? A paid subscription is required for full access. Our administration was challenged to navigate the Club through a season that was again defined by uncertainty, Richmond President Peggy ONeal said. Picture: AFL Photos. We have wiped, I think, over $9 million of debt in the last decade. Richmond President Peggy ONeal said the Clubs financial position was the result of a collective effort to keep the Club strong during challenging times. New president Luke Sayers said he was confident the momentum gained with the sweeping changes and positive financial result would continue into next season. 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. 2019 Annual Report. 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. Were sorry, this feature is currently unavailable. 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.. For the league, having stores of cash and a positive asset position was a help to getting through the financial pain. 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. Professional sport is a business largely centred around travel and the gathering of crowds two things verboten when dealing with a pandemic. AFL : 68.12 (-0.04%) UNM : 45.57 (+2.29%) The profit was generated from a revenue base of $73.8 million. The Swans offer an example of how the pandemic hits clubs differently, depending on whether games are played in their state before crowds. In that time there has not previously been a financial backwards step at least until COVID-19 struck. The club is now debt free for the first time in decades and positioned to bounce out of COVID-19. As a result, the club is debt free as at 31 October 2021. The total payments to AFL Executives equated to $9.8 million, compared to $7.0 million in 2020, and $10.4 million in 2019. These unprecedented results were a significant driver in achieving such a fantastic financial result in 2021, Pert said. (The Suns joined in 2011 and are paid extra to manage Metricon Stadium for the AFL). That collective strength is what defines the Richmond Football Club and why I think we have so much to look forward to. Despite the increase, 2021 revenue was $55.8 million less than 2019, reflecting the ongoing impact of covid restrictions nationally. 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. See How IBD Rates . Wed be pretty keen, wed have a lot to say in that, said Brasher. Full-time. The club is focused on working with Kardinia Park Stadium Trust in completing Stage Five at GMHBA Stadium, increasing the stadium capacity to 40,000 in season 2023. As such, sporting codes will have to plan from A to Z. The 1,113,441 number surpasses the record of 1,057,572 that was set in 2019. 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. While the AFL recorded a cash surplus, the AFLs underlying operating loss for 2021 was $43.0 million, compared to an underlying operating loss of $22.7 million in 2020. 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. 2017 Annual Report. The strength of our balance sheet is particularly important right now as we move towards the redevelopment of Punt Road Oval a project that is critical to our future. This service may include material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced. License this article AFL 2022 Collingwood Will the recent negative trend continue leading up to . 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. A number of clubs will not release their financial reports until early next year. The AFL reduced its operating cost base in 2020; these cost savings were maintained through 2021. This result includes the AFLs controlled state subsidiaries, Marvel Stadium and Champion Data. The Annual Comprehensive Financial, Debt, Investment, Texas Comptroller's Annual Hotel Occupancy Tax documents. Stories of football department staff taking on jobs in other industries are rife, as are tales of staff left in the lurch. Were working to restore it. The Cats are now debt free for the first time in decades and have no direct revenues from any form of gambling and gaming. It also raised questions about the level of support needed for a Tasmanian team. While it's often easy to think of professional sport being rife with cash, that often doesn't trickle down to the lower-paid staff supporting the on-field product. However, we know there is plenty of work ahead of us, so were determined to keep the momentum going. Live attendance forms the backbone of the spirit of football but as technology has improved, in-person attendance isn't the only way you can support your team. The Club has worked incredibly hard to build a position of strength that gives our football programs the best chance to succeed. 2 nd in group. 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. Club president Ben Buckley and chief executive Ben Amarfio will make the announcement at a special media conference at Arden Street on Friday morning. The government's rollout of JobKeeper helped reduce the level of cuts, with clubs accessing around $70-80m collectively from the scheme. 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. Former coach Grant Thomas, who has been pushing for board change, has pointed to the significant debt as one of the clubs biggest issues along with its on-field performance and 55-year flag drought. Some externally feared the weight of that debt as well as the crippling interest repayments made them one of the most vulnerable AFL clubs. Footy brings people together, it provides a sense of connection. 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. West Coast Eagles tumble down AFL clubs' revenue ladder for 2020. Financial powerhouse clubs take $8 million hit from AFL. The games collective unity and determination enabled us to withstand what some would say was an even bigger test than the year prior. Revenue of the AFL in Australia 2012-2021 Published by Statista Research Department , Dec 13, 2022 In 2021, the Australian Football League (AFL) in Australia generated over 738 million. Insurance-Acc & Health Group. The strong financial result was underpinned by the sale of The Brook gaming venue in November 2020, resulting in a gain on sale of $2.4 million. 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. The extent of what is effectively taxation of the richer clubs is a sore point for some powerful clubs. When coronavirushit the league, each club was affected in different ways. In, Australian Football League. At the same time the Saints have decreased their reliance on AFL funding by $1.1 million compared to 2019. Distributions increased $117.0 million through increases in club and AFL Players Association distributions; these were reduced in 2020 to offset lower revenue and increased costs of running the mens Toyota Premiership season and returned toward pre-COVID levels in 2021. Keep up to date with the best AFL coverage in the country. Financially powerful clubs Collingwood, Richmond, Hawthorn and West Coast will receive only the guaranteed minimum of $8 million per club in 2022, a reduction of $2 million on this years allocation, under the AFLs new funding model. AFL Clubs Adelaide Crows Brisbane Carlton Collingwood Essendon Fremantle Geelong Gold Coast Suns GWS Giants Hawthorn Melbourne North Melbourne . Fri, 25 June 2021 9:46AM. The AFL has today forwarded its 2021 financial results to the Presidents and Chairs of the 18 clubs, in the lead-up to next month's Annual General Meeting. We saw all areas of the club display great flexibility and agility in making significant changes to the way we operate. In 2020 and 2021, the AFL covered travel costs for teams impacted by state border restrictions. Chart. 2014 Annual Report. Accessed March 04, 2023. https://www.statista.com/statistics/1299806/australia-revenue-of-the-afl/, Australian Football League. Those changes ensured we delivered an exceptional financial result in 2021, whilst the club was able to continue to perform at a high level on and off the field. After all revenue, operating expenditure and distributions, the AFL recorded an underlying operating loss of $43.0 million, compared to an underlying operating loss of $22.7 million in 2020. The Geelong Football Club has announced a statutory net profit of $4.7m for the year ending October 31, 2021. But the club has emerged from two compromised seasons debt free. To use individual functions (e.g., mark statistics as favourites, set 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. 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? Revenue of the Australian Football League (AFL) in Australia from 2012 to 2021 (in million Australian dollars) [Graph]. 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. North Melbourne, who have faced constant financial pressures and talk about relocation to their second home in Tasmania, ranked only sixth in variable funding, surprisingly trailing not only GWS, Gold Coast and the Lions (in that order), but the Saints and Bulldogs, despite the Dogs 2016 premiership and superior balance sheet. Across all clubs, revenue dropped $342m, or an average of $19m per club. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. 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. This revenue assisted in covering the following costs: Operating expenditure decreased by $22.5 million. There is an emotional and financial investment in being a member and we do not take it for granted. The AFL has today forwarded its 2022 financial results to the Presidents and Chairs of the 18 clubs, in the lead-up to next month's Annual General Meeting. 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. Under the redistribution, expansion clubs Greater Western Sydney and Gold Coast are set to be given a larger share of the allocation to the 18 clubs, compared to 2021 - a measure of the AFLs investment in those clubs and the time it will take for them to become independent. Many new members signed on after the end of the AFL cut-off period, despite knowing they couldnt even attend matches. AFL clubs and broadcasting manager Travis Auld speaking to media in 2020. But the club has credited its increase in cash reserves and the investment in redevelopment of Olympic Park training base as significant positives for the Pies. Available: https://www.statista.com/statistics/1299806/australia-revenue-of-the-afl/, Revenue of the Australian Football League (AFL) in Australia from 2012 to 2021, Available to download in PNG, PDF, XLS format, Total industry value added from sports and recreation in Australia FY 2010-2021, Persons employed by the sports and recreation industry in Australia FY 2010-2021, Sports and recreation industry financial figures in Australia FY 2021, Share of adults participating in sports Australia 2022, by frequency, Share of sports participants in Australia 2022, by type of sports, Most popular organized physical activities for children in Australia 2022, Share of children participating in sports Australia 2022, by frequency, Number of female adults participating in sports Australia 2022, by venue, Number of male adults participating in sports Australia 2022, by venue, Number of health and fitness centers in Australia 2021, by revenue, People visiting gyms, fitness clubs, sports or leisure centers Australia 2022, by age, Number of fitness and gym participants in Australia 2022, by gender, Revenue of the AFL in Australia 2012-2021, AFL club memberships Australia 2022 by club, Total revenue raised by NRL Australia FY 2012-2021, Expenditure in media, broadcasting, and marketing by Cricket Australia FY 2019-2022, Revenue from contracts with customers Cricket Australia FY 2019-2022, Share of adults using tech for sports Australia 2022, by technology type, Number of adults using tech for sports Australia 2022, by technology type, Number of adults using wearable tech for sport Australia 2022, by age group, Number of adults using tracking or training apps Australia 2022, by age group, Fitness and health service online purchases in Australia 2022, Fitness and health service purchases in Australia 2022, Attendance at professional sports events in the UK 2022, by sport, Attendance at professional sports events in the UK 2019-2021, by month, Attendance at professional sports events in the UK 2012-2022, Europe: leading professional football clubs in 2022, by midpoint enterprise value, Preference between college and professional sports in the U.S. 2022, Preference between college and professional sports U.S. May 2022, by age, Preference between college and professional sports U.S. February 2022, by gender, Preference between college and professional sports U.S. May 2022, by ethnicity, Overall football attendance in the United Kingdom (UK) in 2021/22, by league, Women's professional sports fans worldwide 2021, Men's professional sports watching frequency in the U.S. 2021, Women's professional sports watching frequency in the U.S. 2021, Sponsorship market size of professional sports South Korea 2015-2020, Europe: aggregated total revenue of top division football clubs 1996-2021, Most popular ways women can support women's professional sports in North America June, Parents' opinions on allowing their kids to play tackle football in the U.S. 2023, Fan Cost Index pro sports leagues in the U.S. 2022, Favorability of new names for the Washington Football Team in the U.S. 2022, Perceived safety of football in the U.S. 2023, Perceived safety of football in the U.S. 2023, by age, Men's professional sports watching frequency in the U.S. 2021, by gender, Revenue of the Australian Football League (AFL) in Australia from 2012 to 2021 (in million Australian dollars), Find your information in our database containing over 20,000 reports, 1.2 million supporter members spread among the 18 clubs, 620 thousand adults participating in the sport in 2022. The average player salary for a listed player in 2021 was $372, 224 . Some reduced salaries uniformly; others cut the salaries of the better-off harder. Please create an employee account to be able to mark statistics as favorites. On the other hand, deep cuts to sponsorship, membership and attendance saw both Sydney clubs with operating losses of more than $6m. 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. 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 Currently, you are using a shared account. The AFL would not respond to specific questions about clubs and their funding. 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. From this strong position we launch into 2022 full of confidence, Sayers said. The AFL Commission met on Wednesday, where an increase to the current $6.2 million cap was dicussed at length. National cabinet encourages wearing masks to combat COVID-19. With the support of our club members, the AFL mens team reaching the 2021 preliminary final, coupled with managements response in reducing the cost base materially during the previous financial year, it assisted the club in producing an exceptional financial result given the circumstances. We are really proud of the financial position we have put ourselves in, Amarfio said. To all 50,144 members who have supported the club through this challenging period, we thank you.. Then you can access your favorite statistics via the star in the header. 8 hour shift. Sydney has managed to scrape together a $54,598 net profit following an AFL season in which it spent large periods outside of New South Wales because of Covid-19 lockdowns. Our sponsors have also stood firm with us during another difficult year. Clubs had no blueprint on how to react. 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.. 1 st in group. A new stadium that players want to play at, coaches want to coach at, accommodating 5,000 AFL fans travelling from interstate locations each week, with a fan experience they are accustomed to, would underpin the success of the club. This also included the additional precautions taken during travel and interstate stays to safeguard the players, clubs, and the community.
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