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. 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 . This year, we experienced the largest aggregate growth in membership of any club in the AFL, Essendon CEO Xavier Campbell said. In a Covid-affected 2020, Club membership reached 992,854. Richmond and Collingwood will get reduced funding from the AFL. 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. 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). A number of clubs will not release their financial reports until early next year. Professional sport is a business largely centred around travel and the gathering of crowds two things verboten when dealing with a pandemic. As such, sporting codes will have to plan from A to Z. We are determined for the club to remain the destination club for players, staff, members and our commercial partners. 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. Old hierarchies of need shifted as some smaller clubs found themselves relatively better off. "Revenue of The Australian Football League (Afl) in Australia from 2012 to 2021 (in Million Australian Dollars). Are you interested in testing our business solutions? 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 . 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. 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.. Under the redistribution, expansion clubs Greater Western Sydney and Gold Coast are set to be given a larger share of the allocation to the 18 clubs, compared to 2021 - a measure of the AFLs investment in those clubs and the time it will take for them to become independent. Register in seconds and access exclusive features. Shares have lost about 1.9% in that time frame, outperforming the S&P 500. The Annual Comprehensive Financial, Debt, Investment, Texas Comptroller's Annual Hotel Occupancy Tax documents. 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. 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. 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. AFL players agreed to take a 50 per cent pay cut in the wake of the coronavirus pandemic. Our administration was challenged to navigate the Club through a season that was again defined by uncertainty, Richmond President Peggy ONeal said. Please create an employee account to be able to mark statistics as favorites. Professional football in Australia has not always been a high-money, high-stakes game. Some clubs, like Richmond, with diversified economic profiles received more in JobKeeper, while others with streamlined staffing profiles naturally got less. 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.. 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. AFL clubs have emerged from two chaotic, Covid-hit years in reasonably healthy financial shape. Sources said this was a travel allowance. 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 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. The Bombers released their annual report on Wednesday and revealed they had signed 81,998 members for the 2021 season as well as announcing the completion of their $50 million Hangar facility. $85k-$100k base salary. Wed be pretty keen, wed have a lot to say in that, said Brasher. FY2021 Annual Comprehensive Financial Report (PDF, 48MB) . The gap in funding and the extent of the socialised model was evident in a table, obtained by The Age, that showed what the profit and loss position of the 18 clubs would be, from 2017 until 2020, with and without variable funding. In 2021, the surplus from redevelopment activities was $853,674 (2020: $36,955 deficit) which included income from State Government grants of $988,954 in relation to the Whitten Oval precinct redevelopment, offset by non-capitalised costs of $135,280. 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. As a result, the AFL had to support clubs differently to normal, based on these impacts. statistic alerts) please log in with your personal account. Richmond President Peggy ONeal said the Clubs financial position was the result of a collective effort to keep the Club strong during challenging times. Presented by Ford. In a statement, Geelong said it was focused on identifying new opportunities to substitute gaming revenues to ensure a sustainable operating model into the future, including expanding its investment in the health and fitness and hospitality industries. 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. 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. 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.. 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 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 AFL. Essendon tackled Richmond at Perth Stadium for the Sir Doug Nicholls Round after the game was moved to Darwin in 2020. 8 hour shift. 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. 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. As a result, the club is debt free as at 31 October 2021. Urgently hiring. 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. But TV audiences stayed solid, rising 15 per centin the chaos of the pandemic compared with 2019. As a Premium user you get access to background information and details about the release of this statistic. Their support ensures we can continue to re-establish Melbourne as a powerhouse of the competition.. Insurance-Acc & Health Group. $0.9 million to corporate and social responsibility initiatives. 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. 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. 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. 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. is ranked # 1. 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. 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. 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. More analysis for UNM: IBD RATINGS FOR AFL Financial powerhouse clubs take $8 million hit from AFL. 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). 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. North Melbourne had not been debt-free since 1987, which means this is the first time the club has not carried any debt since the start of the national competition. The Blues are seen as a club with enormous potential to generate interest and money if they can rise to premiership contention. Storms threaten north-east United States after tearing through the south, leaving 10 dead, Timely reminder: How to respond if you test positive to COVID-19. 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. After splitting their pre-season games, all eyes are now on the Round 1 clash with Collingwood. 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. 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. After the hardships of 2020, the blows delivered by Covid-19 in 2021 hit everyone with force, Anderson said. 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. Clubs had no blueprint on how to react. Gryan Miers spoke with Cats Media after the practice match against Brisbane. 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 Swans offer an example of how the pandemic hits clubs differently, depending on whether games are played in their state before crowds. Used as a form of tax on the richer clubs, variable funding is the AFL's primary tool for financial equality across the competition. A payment is due to be made to the players retirement fund in May 2022. As society starts to spin back into gear, the AFL is preparing for a challenge it hasn't faced before how to rebuild. See How IBD Rates . We saw all areas of the club display great flexibility and agility in making significant changes to the way we operate. 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. Hybrid remote in Dallas, TX 75261. 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 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. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. When coronavirushit the league, each club was affected in different ways. The Geelong Football Club has announced a statutory net profit of $4.7 million for the year ended 31 October 2021. 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. Whatever way it goes, [we] want to have a strong voice in that discussion.. 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. 4-1 Hybrid work schedule (4 days at home - 1 in the. 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 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. A drop in revenue was at least partially matched with a drop in expenditure. 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. A F L A C Inc (AFL) - OFFERS CANCER, ACCIDENT, HEALTH, DISABILITY AND LIFE INSURANCE IN JAPAN AND THE U.S. GROUP LEADERSHIP. 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. 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. Liam Stocker is firmly in the mix for a round 1 debut at St Kilda after impressing against Essendon. Most members held tight as membership numbers dropped only 6 per cent, but club revenues from memberships fell by nearly half across the league. Attributable to the results were as following: Sponsorship and advertising revenues $11.7m compared to the $10.1m in the prior year. West Coast lost $42m from a very high income and simply didn't make their usual massive profit. 2015 Annual Report. The AFL view is that the greatly reduced football department costs (the soft cap is still more than $3 million below the 2019 total of $9.7 million) means the rich clubs have been more profitable in 2021 and can afford the funding cuts. 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.. engages in the provision of financial protection services. The Club has also remained fully invested in its social impact programming it is at the heart of our purpose as a football club. COVID-19 has not disappeared from the public landscapeand likely won't for a fair while. Profit from the additional features of your individual account. 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.. 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 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. 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. In January Carlton revealed it had eliminated its remaining $4 million of historical debt ensuring the club was debt free for the first time since 1996. Crowds in 2020 were at their lowest point since the middle of World War II, with just 826,458 punters walking through the turnstiles. But, in keeping with the clubs famous Shinboner Spirit, the Kangaroos have spectacularly defied the doomsayers to not only get themselves out of debt, but also maintain their own identity and footprint in the suburb that gave them birth. The Port Adelaide Football Club has declared a record operating profit for the 2021 financial year. 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. 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. 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. Watch Geelong's press conference after week two's practice match against Brisbane. 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. 2018 Annual Report. These unprecedented results were a significant driver in achieving such a fantastic financial result in 2021, Pert said. 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 clubs that think that theyve probably sacrificed too much already will want something else. A month has gone by since the last earnings report for Aflac (AFL). Chart. The profit was generated from a revenue base of $73.8 million. Operating revenue increase by 33.3% to $47.4 million. 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. We could not have achieved these kinds of results without the support of the 54,493 dedicated Demons who signed on in 2021. These expenses included testing for COVID-19, travel and accommodation requirements and the creation of hubs across the country. Battle lines between clubs are expected to be drawn when the AFL reviews the 2022 funding. John Stensholt Herald Sun. Our people inside the Club and out refuse to bend, let alone be broken. 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 Bulldogs completed the sale of its gaming activities during this financial year, recording a one-off gain on the sale of $4 million. 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. 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 games collective unity and determination enabled us to withstand what some would say was an even bigger test than the year prior. To all 50,144 members who have supported the club through this challenging period, we thank you.. We are rapt, Pert told News Corp when asked about this years profit. It also raised questions about the level of support needed for a Tasmanian team. We look at the financial results of 11 clubs that have recently released their end-of-year financial results. It operates through the followings segments: Aflac Japan and Aflac United States (U.S.). The club also made a profit from discontinued operations, including the gain on the sale of gaming operations, of $3.98 million. 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.