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Show publisher information Bulldogs chief executive Ameet Bains said this and the mens team reaching the grand final had underpinned the strong financial results. All hopes are that it is plan A or B embarked upon in the future. is ranked # 1. is ranked # 2. These unprecedented results were a significant driver in achieving such a fantastic financial result in 2021, Pert said. Picture: AFL Photos, Dees' tall duo sets up big win, another injury worry for star Tiger. See the match notes, news and updates here. 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. 2017 Annual Report. 2019 Annual Report. 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. COVID-19 has not disappeared from the public landscapeand likely won't for a fair while. 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). 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. 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. AFL clubs have emerged from two chaotic, Covid-hit years in reasonably healthy financial shape. However, because of government intervention, severe cost-cutting, lower expenses and pay cuts, catastrophic losses were avoided. 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. We have got to have that financial backing to be reflective of the big Melbourne clubs.. One in 23 Australians is a member of an AFL club. 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 Geelong Football Club has announced a statutory net profit of $4.7m for the year ending October 31, 2021. Even that amount could be considered a miracle, considering round 1 was played in front of empty stands around the country. 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 Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show . This revenue assisted in covering the following costs: Operating expenditure decreased by $22.5 million. The new Tasmanian club needs to be positioned to thrive from the start and long into the future, not set up to fail. We are determined for the club to remain the destination club for players, staff, members and our commercial partners. It also raised questions about the level of support needed for a Tasmanian team. 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. Footy brings people together, it provides a sense of connection. AFL clubs and broadcasting manager Travis Auld speaking to media in 2020. 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. 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. Some clubs relied on more walk-up fans and member churn for their attendance income. ", Australian Football League, Revenue of the Australian Football League (AFL) in Australia from 2012 to 2021 (in million Australian dollars) Statista, https://www.statista.com/statistics/1299806/australia-revenue-of-the-afl/ (last visited March 04, 2023), Revenue of the Australian Football League (AFL) in Australia from 2012 to 2021 (in million Australian dollars) [Graph], Australian Football League, March 7, 2022. Were working to restore it. 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. 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.. 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. Essendon received $10.7m from the AFLs annual distribution revenue. Get full access to all features within our Business Solutions. "Revenue of the Australian Football League (AFL) in Australia from 2012 to 2021 (in million Australian dollars)." Hawthorn, for instance, is facing the imminent loss of the huge income from playing in Tasmania if that state gains a team, plus an eventual transition to a future without pokies earnings two key planks of the Hawks rise to financial heavyweight. Recruit of the year? The Bulldogs completed the sale of its gaming activities during this financial year, recording a one-off gain on the sale of $4 million. 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. In that time there has not previously been a financial backwards step at least until COVID-19 struck. 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. The AFL view is that the Cats have a superb stadium deal at their government-funded home ground, which means they need less support. This result includes the AFLs controlled state subsidiaries, Marvel Stadium and Champion Data. Stories of football department staff taking on jobs in other industries are rife, as are tales of staff left in the lurch. 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 Port Adelaide Football Club has declared a record operating profit for the 2021 financial year. 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.. 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. Revenue of the Australian Football League (AFL) in Australia from 2012 to 2021 (in million Australian dollars) [Graph]. Most significantly, our members and supporters were challenged and, as has always been the case, they stood firm. Despite the increase, 2021 revenue was $55.8 million less than 2019, reflecting the ongoing impact of covid restrictions nationally. 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. On the other hand, deep cuts to sponsorship, membership and attendance saw both Sydney clubs with operating losses of more than $6m. The AFL would not respond to specific questions about clubs and their funding. 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. Our people inside the Club and out refuse to bend, let alone be broken. Were working to restore it. 2021 Annual Report. 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. $85,000 - $100,000 a year. The Swans won't be one of the most affected clubs by the coronavirus, but they also won't be immune . 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. Find out more about our policy and your choices, including how to opt-out. Please try again later. 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. 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). The Roos were slightly ahead of Melbourne, who were a clear seventh on the AFL funding ladder, but will lose some funding after winning the premiership. 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 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. engages in the provision of financial protection services. 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. To use individual functions (e.g., mark statistics as favourites, set Some reduced salaries uniformly; others cut the salaries of the better-off harder. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. 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. In the spirit of reconciliation the AFL acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. Crowds in 2020 were at their lowest point since the middle of World War II, with just 826,458 punters walking through the turnstiles. 4-1 Hybrid work schedule (4 days at home - 1 in the. 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. 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. A number of clubs will not release their financial reports until early next year. Richmond's flag brought financial windfalls, but the Tigers still have a few clubs ahead of . 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 Our administration was challenged to navigate the Club through a season that was again defined by uncertainty, Richmond President Peggy ONeal said. In his review of the year, AFL Commission Chair Richard Goyder said the entire industry was collectively tested as it navigated through the on-going effects of the pandemic. But TV audiences stayed solid, rising 15 per centin the chaos of the pandemic compared with 2019. This is roughly what the Coburg VFL club pulled in from their own sources in 2019. 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. For the league, having stores of cash and a positive asset position was a help to getting through the financial pain. This result will support the targeted investmentsin re-engaging with our fans to return to the game and participate in our sport at the grassroots levels, including funding towards community football facilities and to support the launch of the 18 team AFLW competition later this year. AFL players agreed to take a 50 per cent pay cut in the wake of the coronavirus pandemic. As a result, we remain financially stable, strongly connected to our stakeholders, and important contributors to the broader community. St Kilda, which has been easily the greatest recipient of AFL funding of Victorian clubs over the previous four years - topping $20 million in 2017, 2018 and 2019 - will also have their funding reduced compared to the already reduced 2021 outlay. 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. More analysis for UNM: IBD RATINGS FOR AFL North became debt-free last year. Currently, you are using a shared account. In 1927, then-rich Carlton made 5,700 pounds or about $470,000 in 2020 dollars. Where almost all of the historical backing from the game came from ticket sales, memberships and benefactors, now punters form a smaller part of the revenue pie. 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. 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. 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. See the match report and stats here. Its no secret that two chaotic years have taken their toll but the recently released financial reports from 11 clubs paints a stunning picture of resilience. "Revenue of The Australian Football League (Afl) in Australia from 2012 to 2021 (in Million Australian Dollars). 2018 Annual Report. Some externally feared the weight of that debt as well as the crippling interest repayments made them one of the most vulnerable AFL clubs. We are really proud of the financial position we have put ourselves in, Amarfio said. 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. Flexibility and innovation have been the cornerstone of delivering shared value. 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. Many new members signed on after the end of the AFL cut-off period, despite knowing they couldnt even attend matches. 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 DAFP is the professional association of choice for individuals in Treasury and Financial careers in Dallas and surrounding areas. Please create an employee account to be able to mark statistics as favorites. As a result, the AFL had to support clubs differently to normal, based on these impacts. AFL Headquartersalso embarked on a significant restructure to stay afloat. 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. 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. Competitions across Australiaand the worldwere put on hold. However, the prospects of future outbreaks, and related shutdowns, still loom onthe horizon. 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.. These cuts were designed to limit the losses of the yearand not cut the fat. 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. 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 Liam Stocker is firmly in the mix for a round 1 debut at St Kilda after impressing against Essendon. The Sydney Swans Football Club has announced a statutory net profit of $54,598 for the year ended 31 October 2021. Please do not hesitate to contact me. UNM. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. John Stensholt Herald Sun. 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. 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. The club is now debt free for the first time in decades and positioned to bounce out of COVID-19. Sign up for the Real Footy newsletter. It operates through the followings segments: Aflac Japan and Aflac United States (U.S.). . 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. Richmond President Peggy ONeal said the Clubs financial position was the result of a collective effort to keep the Club strong during challenging times. The Geelong Football Club has announced a statutory net profit of $4.7 million for the year ended 31 October 2021. A paid subscription is required for full access. Easily apply. The club now proudly has no direct revenues from all forms of gambling and gaming, and is focused on identifying new opportunities to substitute gaming revenues to ensure a sustainable operating model into the future, this includes expanding its investment in the health and fitness and hospitality industries through its award-winning Higher Mark business. Wed be pretty keen, wed have a lot to say in that, said Brasher. Please try again later. Sport wasn't immuneto thoseclosures. The AFL reported an underlying operating profit of $20.7 million in 2022, compared with an underlying operating loss of $46.1 million in 2021, an increase of $66.8 . The games collective unity and determination enabled us to withstand what some would say was an even bigger test than the year prior. Nationwide News Pty Ltd 2023. Much of the hit came from the loss of match-day revenue. By portadelaidefc.com.au on Feb 11, 2021, 7:00pm The Port Adelaide Football Club has announced a net loss from continuing operations of $278,806 for the financial year ending 31 October 2020. 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. As society starts to spin back into gear, the AFL is preparing for a challenge it hasn't faced before how to rebuild. 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? All times AEDT (GMT +11). Its the Bulldogs eighth straight year of total profits, and sixth with a total profit in excess of $1 million. The government's rollout of JobKeeper helped reduce the level of cuts, with clubs accessing around $70-80m collectively from the scheme. This year, we experienced the largest aggregate growth in membership of any club in the AFL, Essendon CEO Xavier Campbell said. Essendon tackled Richmond at Perth Stadium for the Sir Doug Nicholls Round after the game was moved to Darwin in 2020. At the same time the Saints have decreased their reliance on AFL funding by $1.1 million compared to 2019. Watch Geelong's press conference after week two's practice match against Brisbane. You need at least a Starter Account to use this feature. FY 2021 (PDF, 381KB) HOT Report - FY 2020 . 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.