AFL Clubs Adelaide Crows Brisbane Carlton Collingwood Essendon Fremantle Geelong Gold Coast Suns GWS Giants Hawthorn Melbourne North Melbourne . Once again, we would like to thank our members for their continued support. Find out more about our policy and your choices, including how to opt-out. Carlton, despite a decade of on-field struggles, received slightly less than Richmond in variable funding, over the nine years to 2020. 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. 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. Are you interested in testing our business solutions? 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. For the league, having stores of cash and a positive asset position was a help to getting through the financial pain. The AFL Commission met on Wednesday, where an increase to the current $6.2 million cap was dicussed at length. 1 st in group. Attributable to the results were as following: Sponsorship and advertising revenues $11.7m compared to the $10.1m in the prior year. Presented by Ford. 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. All hopes are that it is plan A or B embarked upon in the future. Teal MP Zoe Daniel attacks the AFL's relationship with sports betting advertising, while Nationals leader Littleproud says new curbs on the gambling advertising were imperative. The average player salary for a listed player in 2021 was $372, 224 . 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. We are rapt, Pert told News Corp when asked about this years profit. We are really proud of the financial position we have put ourselves in, Amarfio said. Richmond President Peggy ONeal said the Clubs financial position was the result of a collective effort to keep the Club strong during challenging times. 2015 Annual Report. Whatever way it goes, [we] want to have a strong voice in that discussion.. This years financial bottom line represented a turnaround of more than $5.1 million on the 2020 figure, albeit Pert insisted the pandemic had cost the club around $8 million over the past two years. 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. 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. West Coasts casualty ward looks set to increase with Josh Rotham sent for scans on a forearm injury, writes MARK DUFFIELD. More analysis for UNM: IBD RATINGS FOR AFL That fall wasn't distributed equally and neither was the ability to commensurately cut costs. 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. 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. We will continue to strive to achieve our goals in 2022, both on and off the field., The hard running Gryan Miers' making an early impression on the back of an uninterrupted pre-season, Geelong has named a 34-player squad for its first VFLW practice match of 2023, Catch The Greatest Team of All this Monday night, Cats expect a handful of veterans back for Round 1, with full forward Hawkins an outside chance. 2018 Annual Report. 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. Sources said this was a travel allowance. But TV audiences stayed solid, rising 15 per centin the chaos of the pandemic compared with 2019. 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 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. 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. 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). 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. Will the recent negative trend continue leading up to . You need at least a Starter Account to use this feature. There is a clear view that teams based at (now AFL-owned) Marvel Stadium, except for Essendon and Carlton (which split home games with the MCG), required more variable funding than MCG tenant teams. 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.. The Port Adelaide Football Club has released the following statement regarding the club's 2020 financial result. The stakes to rebuild the game now are much higher, and an opportunity presents itself to shape the future financial direction of the game. A F L A C Inc (AFL) - OFFERS CANCER, ACCIDENT, HEALTH, DISABILITY AND LIFE INSURANCE IN JAPAN AND THE U.S. GROUP LEADERSHIP. "Revenue of The Australian Football League (Afl) in Australia from 2012 to 2021 (in Million Australian Dollars). A payment is due to be made to the players retirement fund in May 2022. Full-time. The Geelong Football Club has announced a statutory net profit of $4.7m for the year ending October 31, 2021. Richmond and Collingwood will get reduced funding from the AFL.Credit:Getty Images. 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). Western Bulldogs are confident their round 1 plans remain on track despite several injury scares in their big pre-season win over North Melbourne. 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. 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. 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. Under the new variable funding model, industry sources said Essendon were expected to receive up to half - $1 million or so - of their lost $2 million for a total package approaching $9 million, and are in the next band of relatively prosperous clubs who do not get the full $2 million back, while Carlton - a club with the capacity to be a financial heavyweight - expect to be funded to the tune of around $10 million, essentially getting back most or all of the $2 million every club initially loses. 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. $85,000 - $100,000 a year. The development budget was essentially halvedand may set back the pathways in ways not yet foreseen. This is a strong outcome for our organisation, underpinned by our loyal member base, and is a testament to everyone associated with our football club, Campbell said. 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. 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. 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. On the other hand, deep cuts to sponsorship, membership and attendance saw both Sydney clubs with operating losses of more than $6m. Others were more exposed to a loss of sponsors, inflexible leases and the closure of side businesses. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. In a statement, Geelong said it was focused on identifying new opportunities to substitute gaming revenues to ensure a sustainable operating model into the future, including expanding its investment in the health and fitness and hospitality industries. Sign up for the Real Footy newsletter. Australian Football League. 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. 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 . Posted Tue 24 Aug 2021 at 1:52am Tuesday 24 Aug . The Giants have received about $100 million more funding from the AFL than the Pies over the past decade. 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. 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. 2020 Annual Report. 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. A paid subscription is required for full access. This operating result has contributed to the Club declaring a statutory net profit position of $20,257,029 for the year ended 31 October 2021 - inclusive of government grants and philanthropic contributions towards the IKON Park Redevelopment, which has now surpassed 50 per cent completion. Insurance-Acc & Health Group. It is also essential to the northern market teams, albeit the Swans need much less help than the Lions, Suns or Giants. The AFL has spent an additional $76 million across 2020 and 2021 on Covid-related expenses to ensure the health and safety of everyone in the industry and the wider community. 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. The Cats are now debt free for the first time in decades and have no direct revenues from any form of gambling and gaming. 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 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. For them, the pain was as hard as in any other sector. Then you can access your favorite statistics via the star in the header. 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 This is roughly what the Coburg VFL club pulled in from their own sources in 2019. AFL. Were working to restore it. 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. 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. If I could summarise our 2021 year in one word, that word would be resilience,Mr Goyder said. Our people inside the Club and out refuse to bend, let alone be broken. The Club has also remained fully invested in its social impact programming it is at the heart of our purpose as a football club. A month has gone by since the last earnings report for Aflac (AFL). 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 focus remains on the rebuild and strengthening of the industry balance sheet that will enable future investment in the growth and development of our game from grassroots through to the elite platforms. By portadelaidefc.com.au 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. 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. 2021 Annual Report. 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. Essendon received $10.7m from the AFLs annual distribution revenue. Other clubs will as well. Critical decisions were made in 2020 to underpin the financial strength of the industry with the introduction of debt facilities to the value of $660 million. Get a Leaderboard Chart for AFL? 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. See the match notes, news and updates here. The news caps off a great week for North Melbourne following on from the signing of experienced midfielder Hugh Greenwood after a Gold Coast list miscalculation backfired. The games collective unity and determination enabled us to withstand what some would say was an even bigger test than the year prior. We have an administration driven by purpose and care and it shows. 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. 2 nd in group. You can only download this statistic as a Premium user. 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. North became debt-free last year. Financial powerhouse clubs take $8 million hit from AFL. New president Luke Sayers said he was confident the momentum gained with the sweeping changes and positive financial result would continue into next season. We have survived the most challenging two years in the games history and while we know the next 12 months will continue to surprise and test us, our priority remains to keep our game as affordable and accessible as possible for all. 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. The club is now debt free for the first time in decades and positioned to bounce out of Covid-19 and management has developed a clear strategy under new CEO Steve Hocking for crowds to return in season 2022.. Please create an employee account to be able to mark statistics as favorites. Nationwide News Pty Ltd 2023. Essendon listed net assets of $49m for 2021 compared to $40.8 million in 2020, received $7m in donations and grants that resulted in a statutory profit of $8.2 million and said it would now turn its attention towards redeveloping the iconic Windy Hill precinct. Please do not hesitate to contact me. Our sponsors have also stood firm with us during another difficult year. This also included the additional precautions taken during travel and interstate stays to safeguard the players, clubs, and the community. 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. 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. The 2021 total is 12 per cent growth on 2020. 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. 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.. A drop in revenue was at least partially matched with a drop in expenditure. But, Brad Scotts honeymoon is well and truly over. 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. Keep up to date with the best AFL coverage in the country. However, we know there is plenty of work ahead of us, so were determined to keep the momentum going. We have got to have that financial backing to be reflective of the big Melbourne clubs.. John Stensholt Herald Sun. Collingwoods annual general meeting for the 2021 season was held on December 16 resulting in the appointment of Jeff Browne as their new president. For the last 30 years, Australian Football's professional boom has rolled along untrammelled. Sign up for the Real Footy newsletter. Collingwood fared worst in terms of funding by the league, the Magpies receiving zero dollars in variable funding over the decade, marginally behind the competitions financial behemoth, West Coast. 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. 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. 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. The clubs revenue growth of $14.5 million - a 47 per cent rise - came off the back of a $3 million increase in match receipts, a $2.7 million increase in merchandise sales as well as $1.7 million growth in membership revenue. 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. Their support ensures we can continue to re-establish Melbourne as a powerhouse of the competition.. May 13, 2021 9.19am Normal text size Larger text size Very large text size The AFL's richest clubs have failed in their bid to have the football department soft cap significantly increased for the 2022 season. The Bulldogs completed the sale of its gaming activities during this financial year, recording a one-off gain on the sale of $4 million. We achieve this through Treasury Education, Relationship Building, Regional Collaboration and Community Development. Urgently hiring. With operating revenue increasing by 33.3 per cent to $47.4m, chief operating officer Simon Kelleher said the Cats were in a strong position heading into the 2022 season. Next season shapes as a huge year for the Saints as Brett Ratten attempts to win a new contract and steer the club into finals after a 10-win season this year. Fri, 25 June 2021 9:46AM. This revenue assisted in covering the following costs: Operating expenditure decreased by $22.5 million. Were sorry, this feature is currently unavailable. Can the dogs of Chernobyl teach us new tricks when it comes to our own survival? See How IBD Rates . 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. There were significantly less travel and accommodation costs in 2021 compared to 2020. Consistently analyze financial information based on both routine and ad-hoc reports. Statista. All times AEDT (GMT +11). 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. statistic alerts) please log in with your personal account. That collective strength is what defines the Richmond Football Club and why I think we have so much to look forward to. 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. We saw all areas of the club display great flexibility and agility in making significant changes to the way we operate. As a Premium user you get access to the detailed source references and background information about this statistic. Much of the hit came from the loss of match-day revenue. They have since wiped that off. 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. AEST = Australian Eastern Standard Time which is 10 hours ahead of GMT (Greenwich Mean Time), abc.net.au/news/how-afl-survived-a-big-hit-from-covid-19-coronavirus-football/100083470, Help keep family & friends informed by sharing this article, Australia's biggest drug bust: $1 billion worth of cocaine linked to Mexican cartel intercepted, 'Pincers are closing': Ukrainian forces under pressure as Russians shell roads out of Bakhmut, Four in hospital after terrifying home invasion by gang armed with machetes, knives, hammer, 'We have got the balance right': PM gives Greens' super demands short shrift, Crowd laughs as Russia's foreign minister claims Ukraine war 'was launched against us', The tense, 10-minute meeting that left Russia's chief diplomat smoking outside in the blazing sun, 'Celebrity leaders': Mike Pompeo, Nikki Haley take veiled jabs at Donald Trump in CPAC remarks. This year, we experienced the largest aggregate growth in membership of any club in the AFL, Essendon CEO Xavier Campbell said. These expenses included testing for COVID-19, travel and accommodation requirements and the creation of hubs across the country. AFL clubs and broadcasting manager Travis Auld speaking to media in 2020. Competitions across Australiaand the worldwere put on hold. 2019 Annual Report. 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. It also raised questions about the level of support needed for a Tasmanian team. The Club has worked incredibly hard to build a position of strength that gives our football programs the best chance to succeed. COVID-19, spreadingat a rapid pace, caused shutdowns overmanysectorsand impactedmost lives. is ranked # 1. [Online]. 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. Access to this and all other statistics on 80,000 topics from, Show sources information To the Federal and respective State and Territory Governments, along with the Chief Health Officers, your continued leadership and guidance played the most significant part in us being able to complete both our AFLW and AFL seasons and, on behalf of the entire football community, we are very grateful for that continued supportand the tireless efforts of all front-line and essential workers.In yet another pandemic-affected year AFL revenue increased by $63.3 million, however this increase was offset by the costs associated with the return to the standard club funding model, distributions relating to obligations under the collective bargaining agreement and the additional costs to operate the season under the relevant covid restrictions. Were sorry, this feature is currently unavailable. The Swans won't be one of the most affected clubs by the coronavirus, but they also won't be immune . "Revenue of the Australian Football League (AFL) in Australia from 2012 to 2021 (in million Australian dollars)." These unprecedented results were a significant driver in achieving such a fantastic financial result in 2021, Pert said. Our administration was challenged to navigate the Club through a season that was again defined by uncertainty, Richmond President Peggy ONeal said. FY 2021 (PDF, 381KB) HOT Report - FY 2020 .
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