All times AEDT (GMT +11). 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. This year, we experienced the largest aggregate growth in membership of any club in the AFL, Essendon CEO Xavier Campbell said. 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. 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. Essendon received $10.7m from the AFLs annual distribution revenue. In 2020 and 2021, the AFL covered travel costs for teams impacted by state border restrictions. Once again, we would like to thank our members for their continued support. (The Suns joined in 2011 and are paid extra to manage Metricon Stadium for the AFL). Attributable to the results were as following: Sponsorship and advertising revenues $11.7m compared to the $10.1m in the prior year. 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. 2017 Annual Report. As a Premium user you get access to the detailed source references and background information about this statistic. Easily apply. 8 hour shift. Our balance sheet remains strong, and despite the significant cash cost required to deliver the AFL and AFLW seasons, the co-ordinated effort to reduce the industry cost baseandprotect revenues means the AFL was able to report a cash surplus for the financial year. 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. $0.9 million to corporate and social responsibility initiatives. 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. 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. 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. The club also made a profit from discontinued operations, including the gain on the sale of gaming operations, of $3.98 million. 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. A paid subscription is required for full access. AFL players agreed to take a 50 per cent pay cut in the wake of the coronavirus pandemic. The Cats attributed the strong financial result to the sale of The Brook gaming venue in November last year, resulting in a gain on sale of $2.4m. Richmond and Collingwood will get reduced funding from the AFL.Credit:Getty Images. The Geelong Football Club has announced a statutory net profit of $4.7 million for the year ended 31 October 2021. But, Brad Scotts honeymoon is well and truly over. The first official KFC SuperCoach scores of 2023 are in. 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. 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.. It is also essential to the northern market teams, albeit the Swans need much less help than the Lions, Suns or Giants. The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show . Collingwoods annual general meeting for the 2021 season was held on December 16 resulting in the appointment of Jeff Browne as their new president. The Sydney Swans Football Club has announced a statutory net profit of $54,598 for the year ended 31 October 2021. 4-1 Hybrid work schedule (4 days at home - 1 in the. Statista. But TV audiences stayed solid, rising 15 per centin the chaos of the pandemic compared with 2019. 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. So which ones are best? 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. 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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. 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. 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. The 2021 result includes a commitment to the AFLPA for a share of revenues captured over the 2017-2021 seasons. AFL clubs have emerged from two chaotic, Covid-hit years in reasonably healthy financial shape. (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. Some clubs, like Richmond, with diversified economic profiles received more in JobKeeper, while others with streamlined staffing profiles naturally got less. 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. Essendon president Paul Brasher said the AFLs removal of $2 million from certain clubs for 2022 was done on the basis that a working group would review it. 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 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. We are rapt, Pert told News Corp when asked about this years profit. This is roughly what the Coburg VFL club pulled in from their own sources in 2019. 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. Our members loyalty and the support from our sponsors has carried us through the second year of the pandemic. 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. As a result, the club is debt free as at 31 October 2021. DAFP is also one of 5 Texas regional organizations in the Alliance of Texas Treasury . 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. 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. UNM. EVERY PLAYER RATED. This revenue assisted in covering the following costs: Operating expenditure decreased by $22.5 million. 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. On the other hand, deep cuts to sponsorship, membership and attendance saw both Sydney clubs with operating losses of more than $6m. 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. COVID-19, spreadingat a rapid pace, caused shutdowns overmanysectorsand impactedmost lives. St Kilda has reduced its debt by $4.3 million despite missing finals for the ninth time in 10 years in 2021. 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 . However, the prospects of future outbreaks, and related shutdowns, still loom onthe horizon. The fullhouse and the dazzling nighttime event proved to be the perfect audition for the 2021 Grand Final at the same venue. Show publisher information Keep up to date with the best AFL coverage in the country. "Revenue of The Australian Football League (Afl) in Australia from 2012 to 2021 (in Million Australian Dollars). 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. Get full access to all features within our Business Solutions. A drop in revenue was at least partially matched with a drop in expenditure. 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. 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. 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. Full-time. John Stensholt Herald Sun. 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. The AFL would not respond to specific questions about clubs and their funding. North Melbourne and Sydney are slated to have their funding slightly increased in 2022.But most AFL clubs will receive a little less in the first instance. These unprecedented results were a significant driver in achieving such a fantastic financial result in 2021, Pert said. 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. Essendon listed net assets of $49m for 2021 compared to $40.8 million in 2020, received $7m in donations and grants that resulted in a statutory profit of $8.2 million and said it would now turn its attention towards redeveloping the iconic Windy Hill precinct. 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). At the same time the Saints have decreased their reliance on AFL funding by $1.1 million compared to 2019. 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. North became debt-free last year. March 7, 2022. Daily Weekly. 2020 Annual Report. To all 50,144 members who have supported the club through this challenging period, we thank you.. We have a club funding model that is integral to the competitive balance of the competition and supports the notion of any given Sunday.. Operating revenue increase by 33.3% to $47.4 million. A number of clubs will not release their financial reports until early next year. engages in the provision of financial protection services. Our sponsors have also stood firm with us during another difficult year. AFL : 68.12 (-0.04%) UNM : 45.57 (+2.29%) There is an emotional and financial investment in being a member and we do not take it for granted. Hybrid remote in Dallas, TX 75261. 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. As a result, we remain financially stable, strongly connected to our stakeholders, and important contributors to the broader community. 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. Despite the COVID-19 restrictions and disappointing on-field results throughout the season, the Blues grew their membership base, up 21 per cent to 81,302, a record-high for a sixth consecutive year. The stakes to rebuild the game now are much higher, and an opportunity presents itself to shape the future financial direction of the game.
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