afl clubs financial position 2021

[Online]. The hard work put in by our entire club over the last decade has put us in a position to realise the dream of reimagining the Whitten Oval precinct for our four elite teams and the community of the west, he said. 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 club would like to acknowledge the continued support of the State Government with its funding commitment to complete stage five at GMHBA Stadium and the clubs ongoing partnership with the Kardinia Park Stadium Trust providing rental relief during the financial year. Job losses and wage cuts were the response across the board. The Giants have received about $100 million more funding from the AFL than the Pies over the past decade. The Bulldogs have announced they have completed the financial year, ending October 31, with a total statutory profit of $6.47 million. Mr Goyder also thanked the respective governments and health officials for the integral role they played in assisting the AFL deliver footy to all fans across the country. 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. 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 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). It also raised questions about the level of support needed for a Tasmanian team. AFL earnings call for the period ending March 31, 2021. . The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show . $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. Sign up for the Real Footy newsletter. We have wiped, I think, over $9 million of debt in the last decade. Are you interested in testing our business solutions? 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. We have a club funding model that is integral to the competitive balance of the competition and supports the notion of any given Sunday.. Fri, 25 June 2021 9:46AM. Footy brings people together, it provides a sense of connection. AFL sources said the larger allocation to the Tigers reflected their far weaker position earlier in the 2010s, when they carried a sizeable debt and did not have anything like their present day membership or income. Australian Football League. The Swans offer an example of how the pandemic hits clubs differently, depending on whether games are played in their state before crowds. March 7, 2022. 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. In 2020 and 2021, the AFL covered travel costs for teams impacted by state border restrictions. AFL Headquartersalso embarked on a significant restructure to stay afloat. 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. AFL. For them, the pain was as hard as in any other sector. Once again, we would like to thank our members for their continued support. While this asset base, and continued support of sponsors and members was critical, the most critical piece of the puzzle was the broadcasting rights deals that underpin the financial backing of the game. See how every player fared, and all the key stats, from every practice match, including Saturdays mid-price showcase. This is roughly what the Coburg VFL club pulled in from their own sources in 2019. Stories of football department staff taking on jobs in other industries are rife, as are tales of staff left in the lurch. Used as a form of tax on the richer clubs, variable funding is the AFL's primary tool for financial equality across the competition. Picture: AFL Photos, Dees' tall duo sets up big win, another injury worry for star Tiger. 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 . 2019 Annual Report. We have got to have that financial backing to be reflective of the big Melbourne clubs.. 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. Some astute financial management from Amarfio and past chief executives Eugene Arocca and Carl Dilena across the past 10 years, much-needed sponsorship dollars and an ongoing commitment of the clubs loyal members, especially through the pandemic, helped to turn the tide. In that time there has not previously been a financial backwards step at least until COVID-19 struck. 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. 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. 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). Live attendance forms the backbone of the spirit of football but as technology has improved, in-person attendance isn't the only way you can support your team. The 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 AFL has today forwarded its 2022 financial results to the Presidents and Chairs of the 18 clubs, in the lead-up to next month's Annual General Meeting. Some clubs relied on more walk-up fans and member churn for their attendance income. Premium events and corporate boxes were mostly impossible and many fans opted for options such as reduced cost memberships or fees deferred toward next year's membership. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. As we navigated through the on-going effects of the pandemic, it continued to test the resolve and, at times our patience, as we collectively worked through the week to week, and sometimes day to day uncertainty that the pandemic presented. See How IBD Rates . West Coasts casualty ward looks set to increase with Josh Rotham sent for scans on a forearm injury, writes MARK DUFFIELD. 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. Even that amount could be considered a miracle, considering round 1 was played in front of empty stands around the country. The AFL reduced its operating cost base in 2020; these cost savings were maintained through 2021. In the spirit of reconciliation the AFL acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. 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. 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. 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. Western Bulldogs are confident their round 1 plans remain on track despite several injury scares in their big pre-season win over North Melbourne. 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. 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. 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. 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. 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 extent of what is effectively taxation of the richer clubs is a sore point for some powerful clubs. Amateurs still featured in the VFL right into the 1970s, and the wages of paid players for much of the century (under the Coulter Law) was limited to about $5,000 in today's money. 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. . 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. The report also provides assurance that the City presents fairly its financial position as verified by independent auditors. Geelong and Adelaide are not far behind the so-called power clubs of Collingwood and West Coast, in terms of receiving modest funding from headquarters, the Cats getting variable funding (aggregate of $2.13 million from 2012 to 2020) in only six of the past 10 years. 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. Collingwood has posted a net loss of almost $700,000 as it deals with the on-going financial impact of Covid-19. Watch Geelong's press conference after week two's practice match against Brisbane. In another season affected by the ongoing Covid-19 pandemic, including games with heavily-reduced capacities and at times no crowds at all, it is the first time in history the total club membership number has exceeded 1.1 million. 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. The Saints and Bulldogs, for instance, have gained more AFL funding than Melbourne. There is more agitation between traditional clubs about differences in funding. Liam Stocker is firmly in the mix for a round 1 debut at St Kilda after impressing against Essendon. The 2021 result includes a commitment to the AFLPA for a share of revenues captured over the 2017-2021 seasons. 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. License this article AFL 2022 Collingwood Its the Bulldogs eighth straight year of total profits, and sixth with a total profit in excess of $1 million. Much of the hit came from the loss of match-day revenue. 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 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. North became debt-free last year. The development budget was essentially halvedand may set back the pathways in ways not yet foreseen. West Coast Eagles tumble down AFL clubs' revenue ladder for 2020. At the personal level, the crisis was tough on those working within football as clubs were forced by policy to cut over a third of all spending from their off-field football budgets. 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. FY2021 Annual Comprehensive Financial Report (PDF, 48MB) . Profit from the additional features of your individual account. But, in keeping with the clubs famous Shinboner Spirit, the Kangaroos have spectacularly defied the doomsayers to not only get themselves out of debt, but also maintain their own identity and footprint in the suburb that gave them birth. 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. 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. Can the dogs of Chernobyl teach us new tricks when it comes to our own survival? 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. AFL clubs ranked 1 to 18 on revenue for 2017 sees Richmond move up but four teams still ahead of them. Here's how likely you are to get it more than once, Charting the COVID-19 spread: Australia passes 10,000 coronavirus deaths, Canberra coach Ricky Stuart slams NRL, RLPA following further concussion controversy, NRL Saturday: Tom Trbojevic scores on return as Manly spoil Canterbury's rebuild, The short life and brutal death of the South Queensland Crushers, the team that took on the world and lost, Nathan Lyon's reputation as a great was well established, his 11 wickets in a famous Test win enhanced his legacy, Aussie para-snowboard ace Tudhope crowned dual world champion, 'Heartbroken': Matildas midfielder suffers serious injury ahead of World Cup, 'How dare they': Possum Magic author hits out at 'ridiculous' Roald Dahl edits, 'Dastardly and heinous crime': Philippines governor killed at home by unknown gunmen, Vanuatu hit by two cyclones and twin earthquakes in two days, Emily was studying law when she had to go to court. Competitions across Australiaand the worldwere put on hold. The Annual Comprehensive Financial, Debt, Investment, Texas Comptroller's Annual Hotel Occupancy Tax documents. In a statement on the club funding differences, an AFL spokesman said: We have a club funding model that is integral to the competitive balance of the competition and supports the notion of any given Sunday, and clubs get different levels of funding depending on their individual circumstances.. 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. Clubs, of course, tailor their spending to their revenue and so the figures are largely a demonstration of funding differences rather than a reflection of what would happen. But, Brad Scotts honeymoon is well and truly over. 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. Eighty per cent of all jobs across AFL headquarters and the clubs were either cut or furloughed during the peak of the COVID shutdown, with the players taking a 50 per centpay cut over the period. Motley Fool Transcribers | Oct 28, 2021 Aflac Incorporated (AFL) Q2 2021 Earnings Call Transcript Please try again later. 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. 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. Were working to restore it. 4-1 Hybrid work schedule (4 days at home - 1 in the. John Stensholt Herald Sun. Some externally feared the weight of that debt as well as the crippling interest repayments made them one of the most vulnerable AFL clubs. At the time, the prognosis wasn't promising. 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. Our members loyalty and the support from our sponsors has carried us through the second year of the pandemic. But TV audiences stayed solid, rising 15 per centin the chaos of the pandemic compared with 2019. Full-time. The games collective unity and determination enabled us to withstand what some would say was an even bigger test than the year prior. 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. The AFL would not respond to specific questions about clubs and their funding. Insurance-Acc & Health Group. The Giants averaged $10.46 million in variable funding from 2012-2020, followed by the Suns ($9.8 million), with a jump down to Brisbane Lions ($6.03 million) and then the Saints ($5.69 million). 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. Learn more about how Statista can support your business. See the match report and stats here. 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. It is also essential to the northern market teams, albeit the Swans need much less help than the Lions, Suns or Giants. 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. COVID-19, spreadingat a rapid pace, caused shutdowns overmanysectorsand impactedmost lives. 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. 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. The Geelong Football Club has announced a statutory net profit of $4.7 million for the year ended 31 October 2021. The club is now debt free for the first time in decades and positioned to bounce out of COVID-19. 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.. 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. 2016 Annual Report. 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. 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 Darcy, a father-son for the Western Bulldogs and the son of club great . In, Australian Football League. 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. 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.. 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. Use Ask Statista Research Service, Number of gym and fitness centers in Australia FY 2016-2021, Number of sports participants in Australia 2022, by type of sports, Number of NRL club members Australia 2023, by club, Share of people visiting gyms, fitness clubs, sports centers Australia 2022, by age. To use individual functions (e.g., mark statistics as favourites, set This is a combination of a commitment as set out in the current CBA agreement plus an allocation of overperformance of industry football-related revenue against the 2021 forecast although AFL revenue for the year was still $55 million below 2019. 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. Essendon tackled Richmond at Perth Stadium for the Sir Doug Nicholls Round after the game was moved to Darwin in 2020. The Giants have received about $100 million more funding from the AFL than the Pies over the past decade.Credit:The Age. Revenue of the Australian Football League (AFL) in Australia from 2012 to 2021 (in million Australian dollars) [Graph]. As a Premium user you get access to the detailed source references and background information about this statistic. The ongoing support of all our key stakeholders remains critical as we move into the future and heighten our ambitions of what the club is capable of achieving.. Please try again later. AFL : 68.12 (-0.04%) UNM : 45.57 (+2.29%) Greenwood will reunite with Kangaroos senior coach David Noble, with whom he worked at.