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Full-time. 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). The report also provides assurance that the City presents fairly its financial position as verified by independent auditors. 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. Richmond President Peggy ONeal said the Clubs financial position was the result of a collective effort to keep the Club strong during challenging times. North Melbourne has also been able to lock in coaching great Paul Roos for another season as a mentor and leadership consultant to the coaching group. Some externally feared the weight of that debt as well as the crippling interest repayments made them one of the most vulnerable AFL clubs. 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. The profit was generated from a revenue base of $73.8 million. North became debt-free last year. 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. Bulldogs chief executive Ameet Bains said this and the mens team reaching the grand final had underpinned the strong financial results. On the other hand, deep cuts to sponsorship, membership and attendance saw both Sydney clubs with operating losses of more than $6m. 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. 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 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. Revenue of the Australian Football League (AFL) in Australia from 2012 to 2021 (in million Australian dollars) [Graph]. Stories of football department staff taking on jobs in other industries are rife, as are tales of staff left in the lurch. If you are an admin, please authenticate by logging in again. 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 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. Daily Weekly. In the past, the AFL fully funded the player payments. 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. The covid overlay hasnt allowed this social connection to happen as much as we would like, so this year we are focusing our efforts to ensure this happens across all levels of our game.-----Key AFL financial summary:The AFLs revenue increased by $63.3 million to $738.1 million, due to increased broadcast revenue and improved commercial returns. The AFL view is that the Cats have a superb stadium deal at their government-funded home ground, which means they need less support. Most significantly, our members and supporters were challenged and, as has always been the case, they stood firm. As society starts to spin back into gear, the AFL is preparing for a challenge it hasn't faced before how to rebuild. Recruit of the year? 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. After the hardships of 2020, the blows delivered by Covid-19 in 2021 hit everyone with force, Anderson said. Can the dogs of Chernobyl teach us new tricks when it comes to our own survival? (The Suns joined in 2011 and are paid extra to manage Metricon Stadium for the AFL). But the club has emerged from two compromised seasons debt free. Learn more about how Statista can support your business. In 2021, the Suns were granted what industry sources said was about $14 million on top of the $10.45 million base funding, with GWS said to have gained an additional $13 million, the Lions around $10 million and St Kilda close to $9 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. 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. This year, we experienced the largest aggregate growth in membership of any club in the AFL, Essendon CEO Xavier Campbell said. Wed be pretty keen, wed have a lot to say in that, said Brasher. We were pleased to see crowds back at both the MCG and UTAS Stadium this year and we look forward to this happening more in 2022, he said. 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. 1 st in group. Were working to restore it. All eyes were on the Brodie Grundy-Max Gawn partnership which delivered six goals, but an injury blow to a crucial Tiger stole some of the spotlight. Easily apply. 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. 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. Nationwide News Pty Ltd 2023. 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. 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. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. Statista. Just over a year ago, the world was placed on hold. Chart. Richmond and Collingwood will get reduced funding from the AFL.Credit:Getty Images. Operating revenue increase by 33.3% to $47.4 million. National cabinet encourages wearing masks to combat COVID-19. For the last 30 years, Australian Football's professional boom has rolled along untrammelled. 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. 2020 Annual Report. Footy brings people together, it provides a sense of connection. 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. (March 7, 2022). 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. We achieve this through Treasury Education, Relationship Building, Regional Collaboration and Community Development. 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. John Stensholt Herald Sun. Club president Ben Buckley and chief executive Ben Amarfio will make the announcement at a special media conference at Arden Street on Friday morning. 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. 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. However, the prospects of future outbreaks, and related shutdowns, still loom onthe horizon. 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. 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. 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. The 1,113,441 number surpasses the record of 1,057,572 that was set in 2019. The Giants have received about $100 million more funding from the AFL than the Pies over the past decade.Credit:The Age. We have a club funding model that is integral to the competitive balance of the competition and supports the notion of any given Sunday.. The 2021 result includes a commitment to the AFLPA for a share of revenues captured over the 2017-2021 seasons. It is also essential to the northern market teams, albeit the Swans need much less help than the Lions, Suns or Giants. In the spirit of reconciliation the AFL acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. 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. You need at least a Starter Account to use this feature. Posted Tue 24 Aug 2021 at 1:52am Tuesday 24 Aug . 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. See how every player fared, and all the key stats, from every practice match, including Saturdays mid-price showcase. Are you interested in testing our business solutions? With extensions to broadcast deals already locked in, and the lifting of crowd restrictions in most states, the journey may be quicker than thought even six months ago. 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. UNM. Watch Geelong's press conference after week two's practice match against Brisbane. While Australia has faced big, life-altering challenges before such as the 1918 influenza epidemic and two world wars, sport in Australia has been more of a semi-professional pursuit than a fully professional one. This result includes the AFLs controlled state subsidiaries, Marvel Stadium and Champion Data. Financial powerhouse clubs take $8 million hit from AFL. Sources said this was a travel allowance. Liam Stocker is firmly in the mix for a round 1 debut at St Kilda after impressing against Essendon. 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. 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. 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. COVID-19, spreadingat a rapid pace, caused shutdowns overmanysectorsand impactedmost lives. The AFL will retain between $8 million and $10 million from that $36 million pot, which will be re-directed to clubs that have special needs during 2022 - a plan that is mindful of the unequal and unpredictable impact of the pandemic upon clubs in different states. Profit from the additional features of your individual account. A paid subscription is required for full access. Essendon received $10.7m from the AFLs annual distribution revenue. As a Premium user you get access to the detailed source references and background information about this statistic. Gryan Miers spoke with Cats Media after the practice match against Brisbane. Tanner Bruhn showed a glimpse of his talent in a great showing against the Lions in Geelong's final practice match of the pre season. Still, the club remains in a stable financial position and boasts a talented young list. Get full access to all features within our Business Solutions. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. Of the $36 million the AFL has taken from all clubs, more than $26 million will be re-allocated to 14 of the 18 clubs, on a needs basis - a move that has already drawn the ire of Richmond, Collingwood, Hawthorn, the Eagles and Essendon. These are experiences that will only reinforce these important partnerships in the future. Much of the hit came from the loss of match-day revenue. 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. In a Covid-affected 2020, Club membership reached 992,854. West Coast lost $42m from a very high income and simply didn't make their usual massive profit. 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. Carlton, despite a decade of on-field struggles, received slightly less than Richmond in variable funding, over the nine years to 2020. AEST = Australian Eastern Standard Time which is 10 hours ahead of GMT (Greenwich Mean Time), abc.net.au/news/how-afl-survived-a-big-hit-from-covid-19-coronavirus-football/100083470, Help keep family & friends informed by sharing this article, Australia's biggest drug bust: $1 billion worth of cocaine linked to Mexican cartel intercepted, 'Pincers are closing': Ukrainian forces under pressure as Russians shell roads out of Bakhmut, Four in hospital after terrifying home invasion by gang armed with machetes, knives, hammer, 'We have got the balance right': PM gives Greens' super demands short shrift, Crowd laughs as Russia's foreign minister claims Ukraine war 'was launched against us', The tense, 10-minute meeting that left Russia's chief diplomat smoking outside in the blazing sun, 'Celebrity leaders': Mike Pompeo, Nikki Haley take veiled jabs at Donald Trump in CPAC remarks. At the same time the Saints have decreased their reliance on AFL funding by $1.1 million compared to 2019. 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. However, we know there is plenty of work ahead of us, so were determined to keep the momentum going. 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. March 7, 2022. 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. 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. So which ones are best? Once again, we would like to thank our members for their continued support. The Blues are seen as a club with enormous potential to generate interest and money if they can rise to premiership contention. 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. 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. "Revenue of The Australian Football League (Afl) in Australia from 2012 to 2021 (in Million Australian Dollars). 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. The fullhouse and the dazzling nighttime event proved to be the perfect audition for the 2021 Grand Final at the same venue. Even that amount could be considered a miracle, considering round 1 was played in front of empty stands around the country. Competitions across Australiaand the worldwere put on hold. See the match notes, news and updates here. These expenses included testing for COVID-19, travel and accommodation requirements and the creation of hubs across the country. The summary shows that in 2021, AFL clubs paid a total of $233.9 million in player payments, before deductions allowed for injury allowances, veterans' list payments, finals incentives and other reasons, increasing 37.53 per cent from the 2020 figure of $170.0 million. 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. 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.. 2018 Annual Report. And it may have been the savior for 2020. After all revenue, operating expenditure and distributions, the AFL recorded an underlying operating loss of $43.0 million, compared to an underlying operating loss of $22.7 million in 2020. 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 earnings call for the period ending September 30, 2021. Crowds in 2020 were at their lowest point since the middle of World War II, with just 826,458 punters walking through the turnstiles. The clubs that think that theyve probably sacrificed too much already will want something else. 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 clubs revenue growth of $14.5 million - a 47 per cent rise - came off the back of a $3 million increase in match receipts, a $2.7 million increase in merchandise sales as well as $1.7 million growth in membership revenue. The Saints and Bulldogs, for instance, have gained more AFL funding than Melbourne. 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. 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. 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. See How IBD Rates . Please do not hesitate to contact me. 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. To use individual functions (e.g., mark statistics as favourites, set One in 23 Australians is a member of an AFL club. FY2021 Annual Comprehensive Financial Report (PDF, 48MB) . The Club delivered another record membership of 105,084 a remarkable result under any scenario. Despite the increase, 2021 revenue was $55.8 million less than 2019, reflecting the ongoing impact of covid restrictions nationally. 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. 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. 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. Weve got one of the strongest balance sheets in the competition. Professional football in Australia has not always been a high-money, high-stakes game. To all 50,144 members who have supported the club through this challenging period, we thank you.. These unprecedented results were a significant driver in achieving such a fantastic financial result in 2021, Pert said. 2017 Annual Report. As soon as this statistic is updated, you will immediately be notified via e-mail. 2021 Annual Report. 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. Darcy, a father-son for the Western Bulldogs and the son of club great . 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. AFL Clubs Adelaide Crows Brisbane Carlton Collingwood Essendon Fremantle Geelong Gold Coast Suns GWS Giants Hawthorn Melbourne North Melbourne . 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. In adopting a new funding model that reduced the base amount for clubs from $10 million to$8 million, the AFL has singled out those four wealthy clubs to lose all the $2 million per club that the league has put in a pot for redistribution. A drop in revenue was at least partially matched with a drop in expenditure. We will continue to strive to achieve our goals in 2022, both on and off the field., The hard running Gryan Miers' making an early impression on the back of an uninterrupted pre-season, Geelong has named a 34-player squad for its first VFLW practice match of 2023, Catch The Greatest Team of All this Monday night, Cats expect a handful of veterans back for Round 1, with full forward Hawkins an outside chance. Currently, you are using a shared account. These cuts were designed to limit the losses of the yearand not cut the fat. Yes, we have won a premiership and thats given us a $2 million injection that has allowed us to announce a profit (this year), but without the members keeping their memberships and without the sponsors staying on, we wouldnt be in this position.. 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. 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. 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. A new stadium that players want to play at, coaches want to coach at, accommodating 5,000 AFL fans travelling from interstate locations each week, with a fan experience they are accustomed to, would underpin the success of the club.