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. The net operating profit of $1,282,346 for 2021 was a dramatic improvement on the break-even result achieved in 2020 of $34,639. The AFL would not respond to specific questions about clubs and their funding. More analysis for UNM: IBD RATINGS FOR AFL 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. Used as a form of tax on the richer clubs, variable funding is the AFL's primary tool for financial equality across the competition. 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. Full-time. 2019 Annual Report. The Saints on Friday announced the club had recorded $3.6 million profit for the year which, including facility funding revenue, interest and depreciation, totalled a $12.8 million statutory profit. "Revenue of the Australian Football League (AFL) in Australia from 2012 to 2021 (in million Australian dollars)." 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. A month has gone by since the last earnings report for Aflac (AFL). Presented by Ford. 2014 Annual Report. 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. Collingwoods annual general meeting for the 2021 season was held on December 16 resulting in the appointment of Jeff Browne as their new president. We look at the financial results of 11 clubs that have recently released their end-of-year financial results. 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. AFL 2021 Draft Chris Doerre The evolution of key position - ESPN The report also provides assurance that the City presents fairly its financial position as verified by independent auditors. On the other hand, deep cuts to sponsorship, membership and attendance saw both Sydney clubs with operating losses of more than $6m. 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 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 achieve this through Treasury Education, Relationship Building, Regional Collaboration and Community Development. 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. Posted Tue 24 Aug 2021 at 1:52am Tuesday 24 Aug . That collective strength is what defines the Richmond Football Club and why I think we have so much to look forward to. 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. 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. 2020 AFL Club Annual Reports - Victorian AFL Clubs - Sports Industry AU Dees announce strong financial report - Melbourne Football Club We have got to have that financial backing to be reflective of the big Melbourne clubs.. 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. Geelong said the ongoing support of its membership base, the team reaching the 2021 preliminary final, and its managements response in reducing the cost base materially during the previous financial year all assisted the club in producing the exceptional financial result given the circumstances. AFL. Richmond Football Club has reported an operating profit of $2.5 million for the financial year, ended 31 October. $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. These expenses included extensive covid testing, additional travel and accommodation requirements and the setup of multiple high-performance centres to house travelling teams and families. View the full 2021 Financial Report Melbourne CEO Gary Pert said the Club's on and off field results in 2021 are something that all members can be proud of. The Annual Comprehensive Financial, Debt, Investment, Texas Comptroller's Annual Hotel Occupancy Tax documents. Our balance sheet remains strong, and despite the significant cash cost required to deliver the AFL and AFLW seasons, the co-ordinated effort to reduce the industry cost baseandprotect revenues means the AFL was able to report a cash surplus for the financial year. While the Blues have changed coach and CEO in the past two months in a bid to end years of underperforming on the field, its off-field fortunes continue to grow. Our members loyalty and the support from our sponsors has carried us through the second year of the pandemic. The profit was generated from a revenue base of $73.8 million. These cuts were designed to limit the losses of the yearand not cut the fat. We saw all areas of the club display great flexibility and agility in making significant changes to the way we operate. AFL Annual Reports - AFL.com.au We are really proud of the financial position we have put ourselves in, Amarfio said. North Melbourne had not been debt-free since 1987, which means this is the first time the club has not carried any debt since the start of the national competition. 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). Aflac Inc (AFL) Q1 2021 Earnings Call Transcript We are determined for the club to remain the destination club for players, staff, members and our commercial partners. The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show . Footy brings people together, it provides a sense of connection. A paid subscription is required for full access. 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. See How IBD Rates . Essendons report revealed an increase in match day and stadium returns of $3.3m due to being able to play a full 23-round season, with most games in front of crowds, albeit limited, and the highly successful sell out Dreamtime game in Perth. The AFL Commission met on Wednesday, where an increase to the current $6.2 million cap was dicussed at length. The expansion teams have consistently been funded to the tune of more than $20 million, covering their player payments and most of the soft cap, over the past several years, except for the COVID-curtailed 2020, when AFL revenue shrank. Some clubs, like Richmond, with diversified economic profiles received more in JobKeeper, while others with streamlined staffing profiles naturally got less. Across all clubs, revenue dropped $342m, or an average of $19m per club. Aflac Inc. AFL - Quotes, Financials, News, Charts and Research | US Stories of football department staff taking on jobs in other industries are rife, as are tales of staff left in the lurch. Please create an employee account to be able to mark statistics as favorites. Even that amount could be considered a miracle, considering round 1 was played in front of empty stands around the country. We have a club funding model that is integral to the competitive balance of the competition and supports the notion of any given Sunday.. Profit from the additional features of your individual account. Clubs had no blueprint on how to react. Most of all, I want to thank our members and supporters for their passion and commitment to their Clubs and everyone who watched the games and supported us collectively across both the NAB AFL Womens Competition and the Toyota AFL Premiership Season.Total AFL Club membership reached an all-time record1,113,441members in 2021. While 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, Kelleher said. Hawthorn, for instance, is facing the imminent loss of the huge income from playing in Tasmania if that state gains a team, plus an eventual transition to a future without pokies earnings two key planks of the Hawks rise to financial heavyweight. Greenwood will reunite with Kangaroos senior coach David Noble, with whom he worked at. 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. All eyes were on the Brodie Grundy-Max Gawn partnership which delivered six goals, but an injury blow to a crucial Tiger stole some of the spotlight. St Kilda, which has been easily the greatest recipient of AFL funding of Victorian clubs over the previous four years - topping $20 million in 2017, 2018 and 2019 - will also have their funding reduced compared to the already reduced 2021 outlay. The AFL view is that the Cats have a superb stadium deal at their government-funded home ground, which means they need less support. If you are an admin, please authenticate by logging in again. The fullhouse and the dazzling nighttime event proved to be the perfect audition for the 2021 Grand Final at the same venue. You need at least a Starter Account to use this feature. In his review of the year, AFL Commission Chair Richard Goyder said the entire industry was collectively tested as it navigated through the on-going effects of the pandemic. Please try again later. 2022 AFL Financial Result Get a Leaderboard Chart for AFL? The Bulldogs have announced they have completed the financial year, ending October 31, with a total statutory profit of $6.47 million. You can only download this statistic as a Premium user. AFL Chief Financial Officer Travis Auld said the business had prepared for another challenging year, so the financial results and the overall operating loss were a best-case scenario result, considering the circumstances the business had to address throughout the year. Aflac (AFL) Stock Price, News & Info | The Motley Fool Bulldogs announce 2021 financial result - Western Bulldogs With extensions to broadcast deals already locked in, and the lifting of crowd restrictions in most states, the journey may be quicker than thought even six months ago. If I could summarise our 2021 year in one word, that word would be resilience,Mr Goyder said. National cabinet encourages wearing masks to combat COVID-19. 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. Operating revenue increase by 33.3% to $47.4 million. Essendon received $10.7m from the AFLs annual distribution revenue. 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. Keep up to date with the best AFL coverage in the country. Flexibility and innovation have been the cornerstone of delivering shared value. CEO Simon Garlick attributed the result to Fremantle's member and corporate support base who continue to stand by the Club financially through the challenges of Covid-19 . The Sydney Swans Football Club has announced a statutory net profit of $54,598 for the year ended 31 October 2021. This revenue assisted in covering the following costs: Operating expenditure decreased by $22.5 million. Geelong, Collingwood, Hawthorn and West Coast each received at least $100 million less than both expansion teams Greater Western Sydney and Gold Coast and more than $50 million less than St Kilda in AFL funding over the past decade. 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. A grand final appearance has helped the Western Bulldogs to another healthy profit. The games collective unity and determination enabled us to withstand what some would say was an even bigger test than the year prior. The average player salary for a listed player in 2021 was $372, 224 . to incorporate the statistic into your presentation at any time. Accessed March 04, 2023. https://www.statista.com/statistics/1299806/australia-revenue-of-the-afl/, Australian Football League. It showed that West Coast, who made a monstrous profit after the 2018 flag, would have an aggregate profit of over $32 million ($8 million plus per year) without variable funding, and that under the same scenario the top six clubs would have averaged more than $3 million in profits, but that only eight clubs would be in the black. Red and white and in the black - Sydney Swans Were working to restore it. Blues continue to strengthen off-field position Fri, 25 June 2021 9:46AM. That fall wasn't distributed equally and neither was the ability to commensurately cut costs. Collingwood chief executive Mark Anderson said the financial difficulties of this season were just as hard as last year. In a funding table that reveals remarkable and growing differences in allocations to clubs, the Saints were clearly the most subsidised of the Victorian clubs, obtaining close to $17 million more than the next Melbourne club, the Western Bulldogs, in variable funding over the decade to 2021. 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.. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. 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. For most of the history of the game, the VFL has been hypersensitive to external environmental trends, and the future of clubs often being a fly-by-night type of arrangement. Whatever way it goes, [we] want to have a strong voice in that discussion.. The Hawks on Wednesday announced a $1.7 million net operating profit for 2021, including a $255,747 surplus for traditional football operations revenue. 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. Statement: AFL releases 2021 financial results It is also essential to the northern market teams, albeit the Swans need much less help than the Lions, Suns or Giants. (The Suns joined in 2011 and are paid extra to manage Metricon Stadium for the AFL). 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. AFL - Australian Football League on LinkedIn: 2022 AFL Financial Result 2 nd in group. A drop in revenue was at least partially matched with a drop in expenditure. 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 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. 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. AFL 2023: Teal MP Zoe Daniel attacks AFL over gambling ads Management have developed a clear strategy under new CEO Steve Hocking for crowds to return in season 2022, kicking off with the AFL W season in January. Some clubs relied on more walk-up fans and member churn for their attendance income. West Coasts casualty ward looks set to increase with Josh Rotham sent for scans on a forearm injury, writes MARK DUFFIELD. Insurance-Acc & Health Group. Most Super Bowl wins by NFL team 1967-2023, Average ticket price in the NFL by team 2021, FIFA World Ranking: top male soccer teams 2022, Athletic footwear global market share by company 2015, Health & Fitness Clubs - Statistics & Facts, Sporting goods industry in the U.S. - statistics & facts, Profit from additional features with an Employee Account. 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. 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. 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. 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This result includes the AFLs controlled state subsidiaries, Marvel Stadium and Champion Data. 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? As society starts to spin back into gear, the AFL is preparing for a challenge it hasn't faced before how to rebuild. Shares have lost about 1.9% in that time frame, outperforming the S&P 500. 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. 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. Still, the club remains in a stable financial position and boasts a talented young list. 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. AFL earnings call for the period ending September 30, 2021. Keep up to date with the best AFL coverage in the country. AFL 2022: Variable funding of all 18 AFL clubs, rich and poor clubs Carlton, despite a decade of on-field struggles, received slightly less than Richmond in variable funding, over the nine years to 2020. 2021 Annual Report. Our people inside the Club and out refuse to bend, let alone be broken. These are experiences that will only reinforce these important partnerships in the future. Ironically, as we get to the end of the second year of the pandemic, the club is in the best financial position it has been in its history, Pert said. These facilities were extinguished in 2021 following the continued focus on managing the overall cost base and driving revenue growth, while delivering the season safely in a pandemic environment,Mr Auld said. 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. As soon as this statistic is updated, you will immediately be notified via e-mail. The AFL will retain between $8 million and $10 million from that $36 million pot, which will be re-directed to clubs that have special needs during 2022 - a plan that is mindful of the unequal and unpredictable impact of the pandemic upon clubs in different states. 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. 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. After splitting their pre-season games, all eyes are now on the Round 1 clash with Collingwood. In adopting a new funding model that reduced the base amount for clubs from $10 million to$8 million, the AFL has singled out those four wealthy clubs to lose all the $2 million per club that the league has put in a pot for redistribution. 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. Others were more exposed to a loss of sponsors, inflexible leases and the closure of side businesses. 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 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. There is more agitation between traditional clubs about differences in funding. The Bulldogs kicked a massive score on their way to a 58-point win over the Roos, but it was in their back half that a new addition stood out. West Coast Eagles tumble down AFL clubs' revenue ladder for 2020 There is an emotional and financial investment in being a member and we do not take it for granted. Yes, we have won a premiership and thats given us a $2 million injection that has allowed us to announce a profit (this year), but without the members keeping their memberships and without the sponsors staying on, we wouldnt be in this position.. The Port Adelaide Football Club has released the following statement regarding the club's 2020 financial result.