Grand finalists Melbourne and the Western Bulldogs are set to have their overall funding reduced - both clubs having stronger balance sheets than ever before, having enjoyed on-field success and sold their pokie venues for excellent prices, the Demons selling the Bentleigh Club for $23.7 million this year. 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 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.. Liam Stocker is firmly in the mix for a round 1 debut at St Kilda after impressing against Essendon. Professional sport is a business largely centred around travel and the gathering of crowds two things verboten when dealing with a pandemic. Darcy, a father-son for the Western Bulldogs and the son of club great . 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. At the same time the Saints have decreased their reliance on AFL funding by $1.1 million compared to 2019. 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. This is roughly what the Coburg VFL club pulled in from their own sources in 2019. 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. A number of clubs will not release their financial reports until early next year. 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. 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. The AFL view is that the Cats have a superb stadium deal at their government-funded home ground, which means they need less support. 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. (AAP: Scott Barbour) The government's rollout of JobKeeper helped reduce the level of cuts, with clubs accessing around $70-80m collectively from the scheme. North became debt-free last year. Richmond and Collingwood will get reduced funding from the AFL.Credit:Getty Images. See how every player fared, and all the key stats, from every practice match, including Saturdays mid-price showcase. Profit from the additional features of your individual account. Insurance-Acc & Health Group. Operating revenue increase by 33.3% to $47.4 million. With the support of our club members, the AFL mens team reaching the 2021 preliminary final, coupled with managements response in reducing the cost base materially during the previous financial year, it assisted the club in producing an exceptional financial result given the circumstances. Just over a year ago, the world was placed on hold. Live attendance forms the backbone of the spirit of football but as technology has improved, in-person attendance isn't the only way you can support your team. The AFL has today forwarded its 2021 financial results to the Presidents and Chairs of the 18 clubs, in the lead-up to next months Annual General Meeting. 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. The Swans offer an example of how the pandemic hits clubs differently, depending on whether games are played in their state before crowds. A grand final appearance has helped the Western Bulldogs to another healthy profit. 2017 Annual Report. The Bulldogs recorded a profit from continuing club operations, before redevelopment activities, of $1.6 million as well as a current year surplus relating to redevelopment activities of $853,674. Chart. Greenwood will reunite with Kangaroos senior coach David Noble, with whom he worked at. 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. 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. Collingwood chief executive Mark Anderson said the financial difficulties of this season were just as hard as last year. 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 . Whatever way it goes, [we] want to have a strong voice in that discussion.. Sign up for the Real Footy newsletter. The Giants have received about $100 million more funding from the AFL than the Pies over the past decade. The total payments to AFL Executives equated to $9.8 million, compared to $7.0 million in 2020, and $10.4 million in 2019. 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. As a result, the club is debt free as at 31 October 2021. These expenses included testing for COVID-19, travel and accommodation requirements and the creation of hubs across the country. Competitions across Australiaand the worldwere put on hold. 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. 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. This also included the additional precautions taken during travel and interstate stays to safeguard the players, clubs, and the community. AFL. AFL. Presented by Ford. We achieve this through Treasury Education, Relationship Building, Regional Collaboration and Community Development. As soon as this statistic is updated, you will immediately be notified via e-mail. It operates through the followings segments: Aflac Japan and Aflac United States (U.S.). The extent of what is effectively taxation of the richer clubs is a sore point for some powerful clubs. Learn more about how Statista can support your business. We have an administration driven by purpose and care and it shows. They have since wiped that off. 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. But TV audiences stayed solid, rising 15 per centin the chaos of the pandemic compared with 2019. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. The expansion teams have consistently been funded to the tune of more than $20 million, covering their player payments and most of the soft cap, over the past several years, except for the COVID-curtailed 2020, when AFL revenue shrank. 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. The Club has worked incredibly hard to build a position of strength that gives our football programs the best chance to succeed. 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. Recruit of the year? I think it is a great testament to the board, to the previous management teams and previous staff who have done a great job over that decade.. Even that amount could be considered a miracle, considering round 1 was played in front of empty stands around the country. More analysis for UNM: IBD RATINGS FOR AFL 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. Financial powerhouse clubs take $8 million hit from AFL. 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.. Currently, you are using a shared account. The AFL has today forwarded its 2022 financial results to the Presidents and Chairs of the 18 clubs, in the lead-up to next month's Annual General Meeting. statistic alerts) please log in with your personal account. Flexibility and innovation have been the cornerstone of delivering shared value. 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. 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. Clubs had no blueprint on how to react. As a Premium user you get access to the detailed source references and background information about this statistic. 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. 2015 Annual Report. 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. As society starts to spin back into gear, the AFL is preparing for a challenge it hasn't faced before how to rebuild. Gryan Miers spoke with Cats Media after the practice match against Brisbane. 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. 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. Were working to restore it. 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. Nationwide News Pty Ltd 2023. 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. 2019 Annual Report. The fullhouse and the dazzling nighttime event proved to be the perfect audition for the 2021 Grand Final at the same venue. To all 50,144 members who have supported the club through this challenging period, we thank you.. 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. 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. 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. The games collective unity and determination enabled us to withstand what some would say was an even bigger test than the year prior. Hybrid remote in Dallas, TX 75261. While it's often easy to think of professional sport being rife with cash, that often doesn't trickle down to the lower-paid staff supporting the on-field product. 2014 Annual Report. 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. 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. Most significantly, our members and supporters were challenged and, as has always been the case, they stood firm. 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. You can only download this statistic as a Premium user. 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. 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. 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. The Geelong Football Club has announced a statutory net profit of $4.7m for the year ending October 31, 2021. In a Covid-affected 2020, Club membership reached 992,854. Its the Bulldogs eighth straight year of total profits, and sixth with a total profit in excess of $1 million. 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. 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. 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. West Coast Eagles tumble down AFL clubs' revenue ladder for 2020. In the past, the AFL fully funded the player payments. The Demons have no debt and cash reserves of $9.6 million, while the sale of the Bentleigh Club land asset will yield $23.7 million next year, which will be put into a Future Fund to safeguard the clubs long-term financial future. After splitting their pre-season games, all eyes are now on the Round 1 clash with Collingwood. Used as a form of tax on the richer clubs, variable funding is the AFL's primary tool for financial equality across the competition. Australian Football League. Richmond President Peggy ONeal said the Clubs financial position was the result of a collective effort to keep the Club strong during challenging times. Were working to restore it. So which ones are best? The Cats are now debt free for the first time in decades and have no direct revenues from any form of gambling and gaming. Some clubs, like Richmond, with diversified economic profiles received more in JobKeeper, while others with streamlined staffing profiles naturally got less. Posted Tue 24 Aug 2021 at 1:52am Tuesday 24 Aug . Please do not hesitate to contact me. Available: https://www.statista.com/statistics/1299806/australia-revenue-of-the-afl/, Revenue of the Australian Football League (AFL) in Australia from 2012 to 2021, Available to download in PNG, PDF, XLS format, Total industry value added from sports and recreation in Australia FY 2010-2021, Persons employed by the sports and recreation industry in Australia FY 2010-2021, Sports and recreation industry financial figures in Australia FY 2021, Share of adults participating in sports Australia 2022, by frequency, Share of sports participants in Australia 2022, by type of sports, Most popular organized physical activities for children in Australia 2022, Share of children participating in sports Australia 2022, by frequency, Number of female adults participating in sports Australia 2022, by venue, Number of male adults participating in sports Australia 2022, by venue, Number of health and fitness centers in Australia 2021, by revenue, People visiting gyms, fitness clubs, sports or leisure centers Australia 2022, by age, Number of fitness and gym participants in Australia 2022, by gender, Revenue of the AFL in Australia 2012-2021, AFL club memberships Australia 2022 by club, Total revenue raised by NRL Australia FY 2012-2021, Expenditure in media, broadcasting, and marketing by Cricket Australia FY 2019-2022, Revenue from contracts with customers Cricket Australia FY 2019-2022, Share of adults using tech for sports Australia 2022, by technology type, Number of adults using tech for sports Australia 2022, by technology type, Number of adults using wearable tech for sport Australia 2022, by age group, Number of adults using tracking or training apps Australia 2022, by age group, Fitness and health service online purchases in Australia 2022, Fitness and health service purchases in Australia 2022, Attendance at professional sports events in the UK 2022, by sport, Attendance at professional sports events in the UK 2019-2021, by month, Attendance at professional sports events in the UK 2012-2022, Europe: leading professional football clubs in 2022, by midpoint enterprise value, Preference between college and professional sports in the U.S. 2022, Preference between college and professional sports U.S. May 2022, by age, Preference between college and professional sports U.S. February 2022, by gender, Preference between college and professional sports U.S. May 2022, by ethnicity, Overall football attendance in the United Kingdom (UK) in 2021/22, by league, Women's professional sports fans worldwide 2021, Men's professional sports watching frequency in the U.S. 2021, Women's professional sports watching frequency in the U.S. 2021, Sponsorship market size of professional sports South Korea 2015-2020, Europe: aggregated total revenue of top division football clubs 1996-2021, Most popular ways women can support women's professional sports in North America June, Parents' opinions on allowing their kids to play tackle football in the U.S. 2023, Fan Cost Index pro sports leagues in the U.S. 2022, Favorability of new names for the Washington Football Team in the U.S. 2022, Perceived safety of football in the U.S. 2023, Perceived safety of football in the U.S. 2023, by age, Men's professional sports watching frequency in the U.S. 2021, by gender, Revenue of the Australian Football League (AFL) in Australia from 2012 to 2021 (in million Australian dollars), Find your information in our database containing over 20,000 reports, 1.2 million supporter members spread among the 18 clubs, 620 thousand adults participating in the sport in 2022. Shares have lost about 1.9% in that time frame, outperforming the S&P 500. As a result, we remain financially stable, strongly connected to our stakeholders, and important contributors to the broader community. $85k-$100k base salary. Richmond's flag brought financial windfalls, but the Tigers still have a few clubs ahead of . 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 . When coronavirushit the league, each club was affected in different ways. Show publisher information 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. At the time, the prognosis wasn't promising. The new Tasmanian club needs to be positioned to thrive from the start and long into the future, not set up to fail. 2016 Annual Report. Our members loyalty and the support from our sponsors has carried us through the second year of the pandemic. The 1,113,441 number surpasses the record of 1,057,572 that was set in 2019. A F L A C Inc (AFL) - OFFERS CANCER, ACCIDENT, HEALTH, DISABILITY AND LIFE INSURANCE IN JAPAN AND THE U.S. GROUP LEADERSHIP. AFL funding ladder revealed: $100m gap between top and bottom clubs. The Saints and Bulldogs, for instance, have gained more AFL funding than Melbourne. Weve got one of the strongest balance sheets in the competition. However, we know there is plenty of work ahead of us, so were determined to keep the momentum going. There is an emotional and financial investment in being a member and we do not take it for granted. Subscribers with digital . Daily Weekly. Revenue of the Australian Football League (AFL) in Australia from 2012 to 2021 (in million Australian dollars) [Graph]. Consistently analyze financial information based on both routine and ad-hoc reports. 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. The Brisbane Lions, who have recovered strongly from a fiscally fraught position and made a profit to $3 million this year, are expected to receive about the same as they did in 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. Access to this and all other statistics on 80,000 topics from, Show sources information While this asset base, and continued support of sponsors and members was critical, the most critical piece of the puzzle was the broadcasting rights deals that underpin the financial backing of the game. Register in seconds and access exclusive features. March 7, 2022. COVID-19, spreadingat a rapid pace, caused shutdowns overmanysectorsand impactedmost lives. Aflac, Inc. is a holding company. Keep up to date with the best AFL coverage in the country. This year, we experienced the largest aggregate growth in membership of any club in the AFL, Essendon CEO Xavier Campbell said. Roos is currently in Hawaii, but he was able to come to terms with the club this week and played a big role in helping to guide the coaching staff this year. Most members held tight as membership numbers dropped only 6 per cent, but club revenues from memberships fell by nearly half across the league. Under the new variable funding model, industry sources said Essendon were expected to receive up to half - $1 million or so - of their lost $2 million for a total package approaching $9 million, and are in the next band of relatively prosperous clubs who do not get the full $2 million back, while Carlton - a club with the capacity to be a financial heavyweight - expect to be funded to the tune of around $10 million, essentially getting back most or all of the $2 million every club initially loses. The development budget was essentially halvedand may set back the pathways in ways not yet foreseen. The AFL reduced its operating cost base in 2020; these cost savings were maintained through 2021. COVID-19 has not disappeared from the public landscapeand likely won't for a fair while. The Saints have, however, cut their debt, which had topped $12 million at one stage. Sport wasn't immuneto thoseclosures. In another season affected by the ongoing Covid-19 pandemic, including games with heavily-reduced capacities and at times no crowds at all, it is the first time in history the total club membership number has exceeded 1.1 million. Get a Leaderboard Chart for AFL? The Port Adelaide Football Club has declared a record operating profit for the 2021 financial year. 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. See the match report and stats here. As a Premium user you get access to background information and details about the release of this statistic. AFL players agreed to take a 50 per cent pay cut in the wake of the coronavirus pandemic. The Hawks on Wednesday announced a $1.7 million net operating profit for 2021, including a $255,747 surplus for traditional football operations revenue. With the wave of support from the Carlton faithful right across the country behind us, we will continue to move this football club forward in pursuit of the sustained success, on and off the field.. The Club has also remained fully invested in its social impact programming it is at the heart of our purpose as a football club. 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. Watch Geelong's press conference after week two's practice match against Brisbane. 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. We have got to have that financial backing to be reflective of the big Melbourne 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. 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. 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. 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. We saw all areas of the club display great flexibility and agility in making significant changes to the way we operate. John Stensholt Herald Sun. St Kilda has reduced its debt by $4.3 million despite missing finals for the ninth time in 10 years in 2021. Of this year's crop of key position players, the premier tall is Sam Darcy, who stands at 204cm and looms as a future star. All hopes are that it is plan A or B embarked upon in the future. 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. Western Bulldogs great Luke Darcy tells Sarah Olle the one piece of wellbeing advice he'd give to his younger self, The Demons v Tigers clash at Casey Fields, Brodie Grundy and Max Gawn silence early doubters as they combine for six goals against Richmond, Lachie Hunter gets on the scoreboard following a skillful finish from a tough angle, Grundy, Gawn cause headaches for Richmond and other clubs preparing to face Melbourne this year, Aaron Naughton booted four goals as the Western Bulldogs made short work of North Melbourne, GWS stars at their best but there was plenty to take from the performances of Gold Coast youngsters, Watch Richmond's press conference after their practice match against Melbourne, Watch Melbourne's press conference after their practice match against Richmond, Just where Sam Darcy plays for the Western Bulldogs this year remains unclear.
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