afl clubs financial position 2021

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. Our people inside the Club and out refuse to bend, let alone be broken. The Giants have received about $100 million more funding from the AFL than the Pies over the past decade. From this strong position we launch into 2022 full of confidence, Sayers said. Even that amount could be considered a miracle, considering round 1 was played in front of empty stands around the country. 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 2021 total is 12 per cent growth on 2020. Accessed March 04, 2023. https://www.statista.com/statistics/1299806/australia-revenue-of-the-afl/, Australian Football League. 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. Clubs had no blueprint on how to react. The new Tasmanian club needs to be positioned to thrive from the start and long into the future, not set up to fail. COVID-19, spreadingat a rapid pace, caused shutdowns overmanysectorsand impactedmost lives. 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. The Giants have received about $100 million more funding from the AFL than the Pies over the past decade.Credit:The Age. Learn more about how Statista can support your business. Collingwood chief executive Mark Anderson said the financial difficulties of this season were just as hard as last year. 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. Profit from the additional features of your individual account. 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. This operating result has contributed to the Blues 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. 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. At the time, the prognosis wasn't promising. The Bulldogs completed the sale of its gaming activities during this financial year, recording a one-off gain on the sale of $4 million. Much of the hit came from the loss of match-day revenue. 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. See How IBD Rates . This operating result has contributed to the Blues 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. Most significantly, our members and supporters were challenged and, as has always been the case, they stood firm. However, because of government intervention, severe cost-cutting, lower expenses and pay cuts, catastrophic losses were avoided. 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. Darcy, a father-son for the Western Bulldogs and the son of club great . The stakes to rebuild the game now are much higher, and an opportunity presents itself to shape the future financial direction of the game. As soon as this statistic is updated, you will immediately be notified via e-mail. See the match notes, news and updates here. In, Australian Football League. The fullhouse and the dazzling nighttime event proved to be the perfect audition for the 2021 Grand Final at the same venue. This also included the additional precautions taken during travel and interstate stays to safeguard the players, clubs, and the community. 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 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. Western Bulldogs great Luke Darcy tells Sarah Olle the one piece of wellbeing advice he'd give to his younger self, The Demons v Tigers clash at Casey Fields, Brodie Grundy and Max Gawn silence early doubters as they combine for six goals against Richmond, Lachie Hunter gets on the scoreboard following a skillful finish from a tough angle, Grundy, Gawn cause headaches for Richmond and other clubs preparing to face Melbourne this year, Aaron Naughton booted four goals as the Western Bulldogs made short work of North Melbourne, GWS stars at their best but there was plenty to take from the performances of Gold Coast youngsters, Watch Richmond's press conference after their practice match against Melbourne, Watch Melbourne's press conference after their practice match against Richmond, Just where Sam Darcy plays for the Western Bulldogs this year remains unclear. Motley Fool Transcribers | Oct 28, 2021 Aflac Incorporated (AFL) Q2 2021 Earnings Call Transcript 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. In 2021, the surplus from redevelopment activities was $853,674 (2020: $36,955 deficit) which included income from State Government grants of $988,954 in relation to the Whitten Oval precinct redevelopment, offset by non-capitalised costs of $135,280. 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. However, we know there is plenty of work ahead of us, so were determined to keep the momentum going. 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. 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. This year, we experienced the largest aggregate growth in membership of any club in the AFL, Essendon CEO Xavier Campbell said. Sign up for the Real Footy newsletter. 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. 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. 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. A month has gone by since the last earnings report for Aflac (AFL). 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. 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. These expenses included testing for COVID-19, travel and accommodation requirements and the creation of hubs across the country. 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. The Club has also remained fully invested in its social impact programming it is at the heart of our purpose as a football club. $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. 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. Aflac, Inc. is a holding company. Carlton, despite a decade of on-field struggles, received slightly less than Richmond in variable funding, over the nine years to 2020. 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. 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. You need a Statista Account for unlimited access. Are you interested in testing our business solutions? These are experiences that will only reinforce these important partnerships in the future. The AFL view and that of smaller clubs is that this shift to a more genuinely socialised funding system has been successful in that teams such as the Bulldogs and Melbourne have managed to win flags and build stronger balance sheets. We have wiped, I think, over $9 million of debt in the last decade. Battle lines between clubs are expected to be drawn when the AFL reviews the 2022 funding. 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. 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. . Richmond President Peggy ONeal said the Clubs financial position was the result of a collective effort to keep the Club strong during challenging times. Recruit of the year? Some clubs relied on more walk-up fans and member churn for their attendance income. 2015 Annual Report. 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. 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. Some clubs, like Richmond, with diversified economic profiles received more in JobKeeper, while others with streamlined staffing profiles naturally got less. 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. That collective strength is what defines the Richmond Football Club and why I think we have so much to look forward to. With the wave of support from the Carlton faithful right across the country behind us, we will continue to move this football club forward in pursuit of the sustained success, on and off the field.. AFL. License this article AFL 2022 Collingwood 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. A payment is due to be made to the players retirement fund in May 2022. Essendon president Paul Brasher said the AFLs removal of $2 million from certain clubs for 2022 was done on the basis that a working group would review it. Bulldogs chief executive Ameet Bains said this and the mens team reaching the grand final had underpinned the strong financial results. 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. Richmond and Collingwood will get reduced funding from the AFL. 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. One in 23 Australians is a member of an AFL club. Easily apply. 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. Once again, we would like to thank our members for their continued support. Statista. Sign up for the Real Footy newsletter. AFL clubs have emerged from two chaotic, Covid-hit years in reasonably healthy financial shape. Find out more about our policy and your choices, including how to opt-out. Fri, 25 June 2021 9:46AM. The figures showed St Kilda would have lost $32.6 million, Melbourne $19.1 million, Port Adelaide $14.56 million, Brisbane Lions $35.2 million and Gold Coast and GWS would have had aggregate losses of $45.2 million and $50 million, respectively. 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. Hybrid remote in Dallas, TX 75261. These cuts were designed to limit the losses of the yearand not cut the fat. 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. 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. 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. 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. Stories of football department staff taking on jobs in other industries are rife, as are tales of staff left in the lurch. Operating revenue increase by 33.3% to $47.4 million. in the Carter report ahead of a final position being put to club presidents for a decision on a Tasmanian AFL team," Gutwein said in a press . (The Suns joined in 2011 and are paid extra to manage Metricon Stadium for the AFL). is ranked # 2. 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. 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. Sources said this was a travel allowance. Picture: AFL Photos. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. 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. 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. 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. Storms threaten north-east United States after tearing through the south, leaving 10 dead, Timely reminder: How to respond if you test positive to COVID-19. A grand final appearance has helped the Western Bulldogs to another healthy profit. 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. 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 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. 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. Flexibility and innovation have been the cornerstone of delivering shared value. We have an administration driven by purpose and care and it shows. Many new members signed on after the end of the AFL cut-off period, despite knowing they couldnt even attend matches. Attributable to the results were as following: Sponsorship and advertising revenues $11.7m compared to the $10.1m in the prior year. 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. Still, the club remains in a stable financial position and boasts a talented young list. 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. 2020 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. The AFL reduced its operating cost base in 2020; these cost savings were maintained through 2021. Presented by Ford. 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. Others were more exposed to a loss of sponsors, inflexible leases and the closure of side businesses. In that time there has not previously been a financial backwards step at least until COVID-19 struck. Weve got one of the strongest balance sheets in the competition. 2019 Annual Report. Then you can access your favorite statistics via the star in the header. The AFL view is that the Cats have a superb stadium deal at their government-funded home ground, which means they need less support. Variable funding is the AFLs primary tool for evening up the competition financially and the league has increased the level of redistribution enormously since 2012, when St Kilda and the Lions were given several million fewer dollars than they were later granted from 2015-16, as Gillon McLachlan and his team increased subsidies to the poorer clubs. Please do not hesitate to contact me. The Port Adelaide Football Club has declared a record operating profit for the 2021 financial year. 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. 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. 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. Essendon received $10.7m from the AFLs annual distribution revenue. The club is now debt free for the first time in decades and positioned to bounce out of COVID-19. The development budget was essentially halvedand may set back the pathways in ways not yet foreseen. AFL : 68.12 (-0.04%) UNM : 45.57 (+2.29%) Subscribers with digital . On the other hand, deep cuts to sponsorship, membership and attendance saw both Sydney clubs with operating losses of more than $6m. 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. 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. Footy brings people together, it provides a sense of connection. Wed be pretty keen, wed have a lot to say in that, said Brasher. (AAP: Scott Barbour) The government's rollout of JobKeeper helped reduce the level of cuts, with clubs accessing around $70-80m collectively from the scheme. FY 2021 (PDF, 381KB) HOT Report - FY 2020 . As a Premium user you get access to background information and details about the release of this statistic. 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. 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.

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