afl clubs financial position 2021 afl clubs financial position 2021

The Saints on Friday announced the club had recorded $3.6 million profit for the year which, including facility funding revenue, interest and depreciation, totalled a $12.8 million statutory profit. 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 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. Hybrid remote in Dallas, TX 75261. Please create an employee account to be able to mark statistics as favorites. 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. Club president Ben Buckley and chief executive Ben Amarfio will make the announcement at a special media conference at Arden Street on Friday morning. 2021 Annual Report. The 1,113,441 number surpasses the record of 1,057,572 that was set in 2019. 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. 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. 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. Kennett credited the Hawks 77,000 members and commercial partners for enabling the club to maintain its financial independence during a pandemic that has created two years of challenges and uncertainty. AFL : 68.12 (-0.04%) UNM : 45.57 (+2.29%) Full-time. AFL. They have since wiped that off. The Sydney Swans Football Club has announced a statutory net profit of $54,598 for the year ended 31 October 2021. 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. Can the dogs of Chernobyl teach us new tricks when it comes to our own survival? Australian Football League. But the president, who has indicated he will start a process to identify his successor, said the club was in a strong position off the field. 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. Aflac, Inc. is a holding company. 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. The Swans the pandemic had a significant impact on the clubs operating model, including playing its final three home games of the season at Geelong, Melbourne and on the Gold Coast. Our administration was challenged to navigate the Club through a season that was again defined by uncertainty, Richmond President Peggy ONeal said. engages in the provision of financial protection services. 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. 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. Currently, you are using a shared account. 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. COVID-19, spreadingat a rapid pace, caused shutdowns overmanysectorsand impactedmost lives. The Club has worked incredibly hard to build a position of strength that gives our football programs the best chance to succeed. 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. Its the Bulldogs eighth straight year of total profits, and sixth with a total profit in excess of $1 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. Professional sport is a business largely centred around travel and the gathering of crowds two things verboten when dealing with a pandemic. Profit from the additional features of your individual account. 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). Kennett had been under pressure for the clubs handling of a messy succession plan that saw Sam Mitchell take the coaching role from Clarkson who still had a year to run on his contract. 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. $0.9 million to corporate and social responsibility initiatives. The games collective unity and determination enabled us to withstand what some would say was an even bigger test than the year prior. More analysis for UNM: IBD RATINGS FOR AFL These unprecedented results were a significant driver in achieving such a fantastic financial result in 2021, Pert said. Find out more about our policy and your choices, including how to opt-out. 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. After splitting their pre-season games, all eyes are now on the Round 1 clash with Collingwood. 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. 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. 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. Many new members signed on after the end of the AFL cut-off period, despite knowing they couldnt even attend matches. 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. 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. The Giants have received about $100 million more funding from the AFL than the Pies over the past decade. We look at the financial results of 11 clubs that have recently released their end-of-year financial results. Motley Fool Transcribers | Oct 28, 2021 Aflac Incorporated (AFL) Q2 2021 Earnings Call Transcript In 2020 and 2021, the AFL covered travel costs for teams impacted by state border restrictions. However, the prospects of future outbreaks, and related shutdowns, still loom onthe horizon. The club is now debt free for the first time in decades and positioned to bounce out of COVID-19. 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. Weve got one of the strongest balance sheets in the competition. 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. St Kilda has reduced its debt by $4.3 million despite missing finals for the ninth time in 10 years in 2021. The average player salary for a listed player in 2021 was $372, 224 . 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 From this strong position we launch into 2022 full of confidence, Sayers said. 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.. to incorporate the statistic into your presentation at any time. In a Covid-affected 2020, Club membership reached 992,854. 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. The Bulldogs kicked a massive score on their way to a 58-point win over the Roos, but it was in their back half that a new addition stood out. 4-1 Hybrid work schedule (4 days at home - 1 in the. 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. 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. 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.. 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 . 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. 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. The Cats are now debt free for the first time in decades and have no direct revenues from any form of gambling and gaming. Operating revenue increase by 33.3% to $47.4 million. Richmond President Peggy ONeal said the Clubs financial position was the result of a collective effort to keep the Club strong during challenging times. In that time there has not previously been a financial backwards step at least until COVID-19 struck. 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. The Geelong Football Club has announced a statutory net profit of $4.7 million for the year ended 31 October 2021. 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. We saw all areas of the club display great flexibility and agility in making significant changes to the way we operate. 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 this year. 8 hour shift. Sign up for the Real Footy newsletter. 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 Suns joined in 2011 and are paid extra to manage Metricon Stadium for the AFL). 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. Chart. 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. But, Brad Scotts honeymoon is well and truly over. West Coasts casualty ward looks set to increase with Josh Rotham sent for scans on a forearm injury, writes MARK DUFFIELD. The new Tasmanian club needs to be positioned to thrive from the start and long into the future, not set up to fail. 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. 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. It operates through the followings segments: Aflac Japan and Aflac United States (U.S.). 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. 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. Our football community, from our players, coaches and officials and our committed broadcast and corporate partners, all made the relevant sacrifices to ensure the health of the community was put first and we still delivered matches for the fans. Once again, we would like to thank our members for their continued support. 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 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. Then you can access your favorite statistics via the star in the header. There were significantly less travel and accommodation costs in 2021 compared to 2020. Just over a year ago, the world was placed on hold. 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. See the match notes, news and updates here. Greenwood will reunite with Kangaroos senior coach David Noble, with whom he worked at. Please try again later. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. We achieve this through Treasury Education, Relationship Building, Regional Collaboration and Community Development. To use individual functions (e.g., mark statistics as favourites, set Learn more about how Statista can support your business. 2020 Annual Report. 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. AFL players agreed to take a 50 per cent pay cut in the wake of the coronavirus pandemic. is ranked # 2. This year, we experienced the largest aggregate growth in membership of any club in the AFL, Essendon CEO Xavier Campbell said. 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. A number of clubs will not release their financial reports until early next 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. Most of all, I want to thank our members and supporters for their passion and commitment to their Clubs and everyone who watched the games and supported us collectively across both the NAB AFL Womens Competition and the Toyota AFL Premiership Season.Total AFL Club membership reached an all-time record1,113,441members in 2021. Every club is going to speak through self-interest and if you look at it, the clubs that would expect to get more out of variable funding will want one thing. Most significantly, our members and supporters were challenged and, as has always been the case, they stood firm. Crowds in 2020 were at their lowest point since the middle of World War II, with just 826,458 punters walking through the turnstiles. Used as a form of tax on the richer clubs, variable funding is the AFL's primary tool for financial equality across the competition. In, Australian Football League. 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. The extent of what is effectively taxation of the richer clubs is a sore point for some powerful clubs. We have an administration driven by purpose and care and it shows. 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). Essendon celebrates its 150th year in 2022 and as part of the significant milestone will see its womens team enter the national competition at the end of the year. The improved financial position places the club in a strong position to bounce out of the COVID-19 pandemic and strive for success on and off field in season 2022. 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. License this article AFL 2022 Collingwood Battle lines between clubs are expected to be drawn when the AFL reviews the 2022 funding. 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. 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). Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. The AFL Commission met on Wednesday, where an increase to the current $6.2 million cap was dicussed at length. Access to this and all other statistics on 80,000 topics from, Show sources information A month has gone by since the last earnings report for Aflac (AFL). Despite the increase, 2021 revenue was $55.8 million less than 2019, reflecting the ongoing impact of covid restrictions nationally. AFL clubs ranked 1 to 18 on revenue for 2017 sees Richmond move up but four teams still ahead of them. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. 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. 2015 Annual Report. 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. Picture: AFL Photos. Bulldogs chief executive Ameet Bains said this and the mens team reaching the grand final had underpinned the strong financial results. 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 drop in revenue was at least partially matched with a drop in expenditure. 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. The club would like to acknowledge the on-going commitment of the clubs loyal members, commercial partners and Our Ambition donors who remained Geelong Strong during another disrupted season in 2021. 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. 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 clubs that think that theyve probably sacrificed too much already will want something else. ", 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. It also raised questions about the level of support needed for a Tasmanian team. Are you interested in testing our business solutions? Competitions across Australiaand the worldwere put on hold. AFL clubs and broadcasting manager Travis Auld speaking to media in 2020. AFL funding ladder revealed: $100m gap between top and bottom clubs. Financial powerhouse clubs take $8 million hit from AFL. There is more agitation between traditional clubs about differences in funding. 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. 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. We saw all areas of the club display great flexibility and agility in making significant changes to the way we operate. 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. Richmond and Collingwood will get reduced funding from the AFL. This revenue assisted in covering the following costs: Operating expenditure decreased by $22.5 million.