The club recorded a standard operating profit of $2,308,667 prior to the inclusion of $2,254,069 of expenses relating to the Swans HQ development at the Royal Hall of Industries (tender costs, rent and depreciation). But TV audiences stayed solid, rising 15 per centin the chaos of the pandemic compared with 2019. AFL Clubs Adelaide Crows Brisbane Carlton Collingwood Essendon Fremantle Geelong Gold Coast Suns GWS Giants Hawthorn Melbourne North Melbourne . You need at least a Starter Account to use this feature. 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.. Footy brings people together, it provides a sense of connection. The Cats are now debt free for the first time in decades and have no direct revenues from any form of gambling and gaming. Picture: AFL Photos. Revenue of the Australian Football League (AFL) in Australia from 2012 to 2021 (in million Australian dollars) [Graph]. Sign up for the Real Footy newsletter. All the while the Kangaroos have continued to invest in football programs and facilities at their base in recent years, and will continue to do so. The stakes to rebuild the game now are much higher, and an opportunity presents itself to shape the future financial direction of the game. It also raised questions about the level of support needed for a Tasmanian team. 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. 2016 Annual Report. 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. 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 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. Nationwide News Pty Ltd 2023. The DAFP is the professional association of choice for individuals in Treasury and Financial careers in Dallas and surrounding areas. 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. At the same time the Saints have decreased their reliance on AFL funding by $1.1 million compared to 2019. These expenses included testing for COVID-19, travel and accommodation requirements and the creation of hubs across the country. Melbournes greatest on-field season in more than half a century has ended with an operating profit of $2.1 million to sit alongside the clubs drought-breaking 13th VFL-AFL premiership triumph. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. 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. 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. It is also essential to the northern market teams, albeit the Swans need much less help than the Lions, Suns or Giants. Sport wasn't immuneto thoseclosures. Weve got one of the strongest balance sheets in the competition. Were working to restore it. When coronavirushit the league, each club was affected in different ways. St Kilda has reduced its debt by $4.3 million despite missing finals for the ninth time in 10 years in 2021. 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. In, Australian Football League. Bulldogs chief executive Ameet Bains said this and the mens team reaching the grand final had underpinned the strong financial results. 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. Even that amount could be considered a miracle, considering round 1 was played in front of empty stands around the country. They have since wiped that off. Greenwood will reunite with Kangaroos senior coach David Noble, with whom he worked at. West Coasts casualty ward looks set to increase with Josh Rotham sent for scans on a forearm injury, writes MARK DUFFIELD. Wed be pretty keen, wed have a lot to say in that, said Brasher. 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. to incorporate the statistic into your presentation at any time. 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. 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. 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 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. 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. Register in seconds and access exclusive features. Job losses and wage cuts were the response across the board. 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. Subscribers with digital . 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. 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. Professional sport is a business largely centred around travel and the gathering of crowds two things verboten when dealing with a pandemic. 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. The redistribution from rich to poor over the decade and especially figures from 2017 to 2020 that counts one year of the pandemic also raises questions about the sustainability of the financial model in the eyes of some clubs, given the large number of teams that rely on the AFL to remain in the black or to manage debt. The first official KFC SuperCoach scores of 2023 are in. 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. 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. 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. Insurance-Acc & Health Group. Operating revenue increase by 33.3% to $47.4 million. 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. AFL Headquartersalso embarked on a significant restructure to stay afloat. The AFL has today forwarded its 2021 financial results to the Presidents and Chairs of the 18 clubs, in the lead-up to next months Annual General Meeting. AFL players agreed to take a 50 per cent pay cut in the wake of the coronavirus pandemic. 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. AFL. 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. A grand final appearance has helped the Western Bulldogs to another healthy profit. 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. 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. Melbourne had 54,493 members this year, and plans to boost that to 65,000 next year with a view of having 75,000 members by 2023. All times AEDT (GMT +11). The Saints have, however, cut their debt, which had topped $12 million at one stage. As such, sporting codes will have to plan from A to Z. This result includes the AFLs controlled state subsidiaries, Marvel Stadium and Champion Data. Financial powerhouse clubs take $8 million hit from AFL. We achieve this through Treasury Education, Relationship Building, Regional Collaboration and Community Development. 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. 2019 Annual Report. 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. 2 nd in group. Essendon celebrates its 150th year in 2022 and as part of the significant milestone will see its womens team enter the national competition at the end of the year. The Club's Balance Sheet is in a strong position, underpinned by the Bentleigh Club land asset ($23.7m), cash reserves of $9.6m and no debt. Easily apply. The government's rollout of JobKeeper helped reduce the level of cuts, with clubs accessing around $70-80m collectively from the scheme. Crowds in 2020 were at their lowest point since the middle of World War II, with just 826,458 punters walking through the turnstiles. For the last 30 years, Australian Football's professional boom has rolled along untrammelled. Are you interested in testing our business solutions? If I could summarise our 2021 year in one word, that word would be resilience,Mr Goyder said. Every club is going to speak through self-interest and if you look at it, the clubs that would expect to get more out of variable funding will want one thing. The 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 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. 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. Get full access to all features within our Business Solutions. engages in the provision of financial protection services. 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. Our people inside the Club and out refuse to bend, let alone be broken. 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. 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. By portadelaidefc.com.au on Feb 14, 2022, 1:30pm The Port Adelaide Football Club has declared a record operating profit of $4,209,451 for the financial year ending 31 October 2021. The Annual Comprehensive Financial, Debt, Investment, Texas Comptroller's Annual Hotel Occupancy Tax documents. 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. 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From this strong position we launch into 2022 full of confidence, Sayers said. The Blues are seen as a club with enormous potential to generate interest and money if they can rise to premiership contention. 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). DAFP is also one of 5 Texas regional organizations in the Alliance of Texas Treasury . 8 hour shift. As a result, we remain financially stable, strongly connected to our stakeholders, and important contributors to the broader community. 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. "Revenue of The Australian Football League (Afl) in Australia from 2012 to 2021 (in Million Australian Dollars). The total payments to AFL Executives equated to $9.8 million, compared to $7.0 million in 2020, and $10.4 million in 2019. 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. See the match notes, news and updates here. 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 President Peggy ONeal said the Clubs financial position was the result of a collective effort to keep the Club strong during challenging times. 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. After the hardships of 2020, the blows delivered by Covid-19 in 2021 hit everyone with force, Anderson said. 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. As society starts to spin back into gear, the AFL is preparing for a challenge it hasn't faced before how to rebuild. The Bulldogs have announced they have completed the financial year, ending October 31, with a total statutory profit of $6.47 million. 2015 Annual Report. GWS, thus, is expected to get a small boost in funding, while the Bulldogs who rank only behind the Saints among Victorian clubs for extra funding will have their funding chopped. As the 2021 year played out, our operating expenditure continued to increase due to the costs of accommodating our clubs throughout the season, some who were on the road for months on end. For the league, having stores of cash and a positive asset position was a help to getting through the financial pain. Clubs had no blueprint on how to react. 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. 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. 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. Grand finalists Melbourne and the Western Bulldogs are set to have their overall funding reduced - both clubs having stronger balance sheets than ever before, having enjoyed on-field success and sold their pokie venues for excellent prices, the Demons selling the Bentleigh Club for $23.7 million this year. As a Premium user you get access to the detailed source references and background information about this statistic.
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