And it may have been the savior for 2020. Were sorry, this feature is currently unavailable. Across all clubs, revenue dropped $342m, or an average of $19m per club. These expenses included testing for COVID-19, travel and accommodation requirements and the creation of hubs across the country. 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). 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. A F L A C Inc (AFL) - OFFERS CANCER, ACCIDENT, HEALTH, DISABILITY AND LIFE INSURANCE IN JAPAN AND THE U.S. GROUP LEADERSHIP. See How IBD Rates . The 'winter shot': Everything you need to know about getting your next COVID-19 booster, If you catch COVID again, will your symptoms be worse? 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. 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 . Bulldogs chief executive Ameet Bains said this and the mens team reaching the grand final had underpinned the strong financial results. Professional football in Australia has not always been a high-money, high-stakes game. 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. Collingwood chief executive Mark Anderson said the financial difficulties of this season were just as hard as last year. 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. The profit was generated from a revenue base of $73.8 million. 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. But the club has emerged from two compromised seasons debt free. statistic alerts) please log in with your personal account. Old hierarchies of need shifted as some smaller clubs found themselves relatively better off. The Port Adelaide Football Club has released the following statement regarding the club's 2020 financial result. Two words showed something was wrong with the system, After centuries of Murdaugh rule in the Deep South, the family's power ends with a life sentence for murder, With Prince Andrew's sweetheart mansion rental ending, King Charles offers compromise that shocks his son, Flooding in southern Malaysia forces 40,000 people to flee homes. 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. 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 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 . We look at the financial results of 11 clubs that have recently released their end-of-year financial results. 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. Geelong, Collingwood, Hawthorn and West Coast each received at least $100 million less than both expansion teams Greater Western Sydney and Gold Coast and more than $50 million less than St Kilda in AFL funding over the past decade. Recruit of the year? Some clubs relied on more walk-up fans and member churn for their attendance income. Daily Weekly. 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. 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. A drop in revenue was at least partially matched with a drop in expenditure. Clubs had no blueprint on how to react. West Coast lost $42m from a very high income and simply didn't make their usual massive profit. FY2021 Annual Comprehensive Financial Report (PDF, 48MB) . Collingwoods annual general meeting for the 2021 season was held on December 16 resulting in the appointment of Jeff Browne as their new president. 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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. Collingwoods only non-base funding, according to the figures obtained by The Age, was $174,710 in 2012. Richmond's flag brought financial windfalls, but the Tigers still have a few clubs ahead of . 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 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.. to incorporate the statistic into your presentation at any time. AFL clubs have emerged from two chaotic, Covid-hit years in reasonably healthy financial shape. 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. Statista. As a Premium user you get access to the detailed source references and background information about this statistic. In, Australian Football League. 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. Essendon tackled Richmond at Perth Stadium for the Sir Doug Nicholls Round after the game was moved to Darwin in 2020. Were working to restore it. Greenwood will reunite with Kangaroos senior coach David Noble, with whom he worked at. Aflac, Inc. is a holding company. 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. Essendon received $10.7m from the AFLs annual distribution revenue. 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. 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. 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.. After the hardships of 2020, the blows delivered by Covid-19 in 2021 hit everyone with force, Anderson said. 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. Still, the club remains in a stable financial position and boasts a talented young list. These facilities were extinguished in 2021 following the continued focus on managing the overall cost base and driving revenue growth, while delivering the season safely in a pandemic environment,Mr Auld said. The Cats are now debt free for the first time in decades and have no direct revenues from any form of gambling and gaming. is ranked # 2. $0.9 million to corporate and social responsibility initiatives. 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. 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. AFL earnings call for the period ending September 30, 2021. Used as a form of tax on the richer clubs, variable funding is the AFL's primary tool for financial equality across the competition. Can the dogs of Chernobyl teach us new tricks when it comes to our own survival? The COVID-19 pandemic and related government health measures significantly impacted the AFL industry and the clubs operating model, most notably resulting in the final four AFL mens home games without crowds. The Club delivered another record membership of 105,084 a remarkable result under any scenario. We saw all areas of the club display great flexibility and agility in making significant changes to the way we operate. 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. Fri, 25 June 2021 9:46AM. 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. 4-1 Hybrid work schedule (4 days at home - 1 in the. The AFL Commission met on Wednesday, where an increase to the current $6.2 million cap was dicussed at length. 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. 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. License this article AFL 2022 Collingwood Competitions across Australiaand the worldwere put on hold. 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. West Coasts casualty ward looks set to increase with Josh Rotham sent for scans on a forearm injury, writes MARK DUFFIELD. 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. Currently, you are using a shared account. The Swans offer an example of how the pandemic hits clubs differently, depending on whether games are played in their state before crowds. 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. Watch Geelong's press conference after week two's practice match against Brisbane. Attributable to the results were as following: Sponsorship and advertising revenues $11.7m compared to the $10.1m in the prior year. 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. 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. This is roughly what the Coburg VFL club pulled in from their own sources in 2019. As soon as this statistic is updated, you will immediately be notified via e-mail. The clubs that think that theyve probably sacrificed too much already will want something else. 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 Bulldogs have announced they have completed the financial year, ending October 31, with a total statutory profit of $6.47 million. 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. 2018 Annual Report. There were significantly less travel and accommodation costs in 2021 compared to 2020. After splitting their pre-season games, all eyes are now on the Round 1 clash with Collingwood. 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. 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. 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. But, Brad Scotts honeymoon is well and truly over. 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. 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. Most significantly, our members and supporters were challenged and, as has always been the case, they stood firm. 1 st in group. Darcy, a father-son for the Western Bulldogs and the son of club great . To all 50,144 members who have supported the club through this challenging period, we thank you.. 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. Amarfio told the Herald Sun last year that the Kangaroos had made it a priority to become debt-free, after finishing 2020 only $400,000 left in arrears. Consistently analyze financial information based on both routine and ad-hoc reports. See how every player fared, and all the key stats, from every practice match, including Saturdays mid-price showcase. The Saints and Bulldogs, for instance, have gained more AFL funding than Melbourne. AFL Headquartersalso embarked on a significant restructure to stay afloat. 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. 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. The AFL would not respond to specific questions about clubs and their funding. 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. As a result, we remain financially stable, strongly connected to our stakeholders, and important contributors to the broader community. We achieve this through Treasury Education, Relationship Building, Regional Collaboration and Community Development. 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. Subscribers with digital . Insurance-Acc & Health Group. 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. EVERY PLAYER RATED. 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. COVID-19 has not disappeared from the public landscapeand likely won't for a fair while. 2 nd in group. 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. 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. In 2020 and 2021, the AFL covered travel costs for teams impacted by state border restrictions. The AFL has today forwarded its 2021 financial results to the Presidents and Chairs of the 18 clubs, in the lead-up to next months Annual General Meeting. As a result, the AFL had to support clubs differently to normal, based on these impacts. Whatever way it goes, [we] want to have a strong voice in that discussion.. 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. Then you can access your favorite statistics via the star in the header. This also included the additional precautions taken during travel and interstate stays to safeguard the players, clubs, and the community. Gryan Miers spoke with Cats Media after the practice match against Brisbane. Hybrid remote in Dallas, TX 75261. Some clubs, like Richmond, with diversified economic profiles received more in JobKeeper, while others with streamlined staffing profiles naturally got less. The Club has also remained fully invested in its social impact programming it is at the heart of our purpose as a football club. The average player salary for a listed player in 2021 was $372, 224 . 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. New president Luke Sayers said he was confident the momentum gained with the sweeping changes and positive financial result would continue into next season. Picture: AFL Photos. The Giants have received about $100 million more funding from the AFL than the Pies over the past decade.Credit:The Age. The development budget was essentially halvedand may set back the pathways in ways not yet foreseen. UNM. 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. 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. 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. The Club has worked incredibly hard to build a position of strength that gives our football programs the best chance to succeed. There is more agitation between traditional clubs about differences in funding. Most members held tight as membership numbers dropped only 6 per cent, but club revenues from memberships fell by nearly half across the league. 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. AFL Club Member Summary 1984-2021 Clubs - 1992-2015 GWS Members MCC Member Survey - 2008, 2010 & 2015 Swans Melbourne Memberships AFL Participation 2008 AFL Participation 2009 AFL Participation 2012 AFL Participation AFL Sponsorship News Club Jumper Manufacturers Marks for marques: new car intention at AFL clubs AFL Stadiums 2019 AFL Venues The extent of what is effectively taxation of the richer clubs is a sore point for some powerful clubs. 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. AFL earnings call for the period ending March 31, 2021. . 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 have wiped, I think, over $9 million of debt in the last decade. Revenue of the AFL in Australia 2012-2021 Published by Statista Research Department , Dec 13, 2022 In 2021, the Australian Football League (AFL) in Australia generated over 738 million. Others were more exposed to a loss of sponsors, inflexible leases and the closure of side businesses. You can only download this statistic as a Premium user. 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). 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. 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. Western Bulldogs are confident their round 1 plans remain on track despite several injury scares in their big pre-season win over North Melbourne. "Revenue of the Australian Football League (AFL) in Australia from 2012 to 2021 (in million Australian dollars)." We are really proud of the financial position we have put ourselves in, Amarfio said. 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. The AFL view is that the Cats have a superb stadium deal at their government-funded home ground, which means they need less support. A paid subscription is required for full access. Operating revenue increase by 33.3% to $47.4 million. The stakes to rebuild the game now are much higher, and an opportunity presents itself to shape the future financial direction of the game. 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. Sign up for the Real Footy newsletter. Essendons report revealed an increase in match day and stadium returns of $3.3m due to being able to play a full 23-round season, with most games in front of crowds, albeit limited, and the highly successful sell out Dreamtime game in Perth. The 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). There is an emotional and financial investment in being a member and we do not take it for granted.