AFL Headquartersalso embarked on a significant restructure to stay afloat. 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. 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.. 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. 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. 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. Australian Football League. 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. We have got to have that financial backing to be reflective of the big Melbourne clubs.. 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. See the match report and stats here. The AFL view is that the Cats have a superb stadium deal at their government-funded home ground, which means they need less support. 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. 2018 Annual Report. 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. The club is now debt free for the first time in decades and positioned to bounce out of COVID-19. 4-1 Hybrid work schedule (4 days at home - 1 in the. Profit from the additional features of your individual account. The 2021 total is 12 per cent growth on 2020. More analysis for UNM: IBD RATINGS FOR AFL 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. The first official KFC SuperCoach scores of 2023 are in. 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. March 7, 2022. Many new members signed on after the end of the AFL cut-off period, despite knowing they couldnt even attend matches. Presented by Ford. 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. 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 Sydney Swans Football Club has announced a statutory net profit of $54,598 for the year ended 31 October 2021. North became debt-free last year. In that time there has not previously been a financial backwards step at least until COVID-19 struck. 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. If you are an admin, please authenticate by logging in again. Old hierarchies of need shifted as some smaller clubs found themselves relatively better off. West Coast Eagles tumble down AFL clubs' revenue ladder for 2020. Collingwood chief executive Mark Anderson said the financial difficulties of this season were just as hard as last year. This year, we experienced the largest aggregate growth in membership of any club in the AFL, Essendon CEO Xavier Campbell said. The AFL spent almost $30 million on COVID-19 related costs in 2021, taking it to a combined $76 million during the past two seasons. 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. 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. Some reduced salaries uniformly; others cut the salaries of the better-off harder. Keep up to date with the best AFL coverage in the country. While the AFL recorded a cash surplus, the AFL's underlying operating loss for 2021 was $43.0 million, compared to an underlying operating loss of $22.7 million in 2020. 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. 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. Subscribers with digital . Please try again later. 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. Bulldogs chief executive Ameet Bains said this and the mens team reaching the grand final had underpinned the strong financial results. It was another testing year financially, but I want to thank the boards and staff of the 18 clubs, our players, umpires and our own AFL Executive and team, led by Gillon McLachlan, for the work they did and the decisions they made to ensure football continued around the country. 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. The games collective unity and determination enabled us to withstand what some would say was an even bigger test than the year prior. (March 7, 2022). 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 Swans won't be one of the most affected clubs by the coronavirus, but they also won't be immune . Aflac, Inc. is a holding company. Were sorry, this feature is currently unavailable. engages in the provision of financial protection services. 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 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. If we can grow our membership and build big blockbuster crowds at the MCG because we are playing good footy against the best teams, there is no reason why we cant be even financially stronger. 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. 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 is roughly what the Coburg VFL club pulled in from their own sources in 2019. As a Premium user you get access to the detailed source references and background information about this statistic. 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 pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. Consistently analyze financial information based on both routine and ad-hoc reports. 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. 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. The profit was generated from a revenue base of $73.8 million. Were sorry, this feature is currently unavailable. The Annual Comprehensive Financial, Debt, Investment, Texas Comptroller's Annual Hotel Occupancy Tax documents. 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. 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 new Tasmanian club needs to be positioned to thrive from the start and long into the future, not set up to fail. Weve got one of the strongest balance sheets in the competition. Are you interested in testing our business solutions? After the hardships of 2020, the blows delivered by Covid-19 in 2021 hit everyone with force, Anderson said. COVID-19 has not disappeared from the public landscapeand likely won't for a fair while. Some externally feared the weight of that debt as well as the crippling interest repayments made them one of the most vulnerable AFL clubs. 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. [Online]. To use individual functions (e.g., mark statistics as favourites, set The Hawks on Wednesday announced a $1.7 million net operating profit for 2021, including a $255,747 surplus for traditional football operations revenue. We collectively made some tough decisions at the end of 2020 to not only survive the enormous financial challenge we were facing, but to plan for what this year could look like, given the uncertainty we faced, he said. Operating revenue increase by 33.3% to $47.4 million. The Blues are seen as a club with enormous potential to generate interest and money if they can rise to premiership contention. We have an administration driven by purpose and care and it shows. Just over a year ago, the world was placed on hold. 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. 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. 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. The Club has also remained fully invested in its social impact programming it is at the heart of our purpose as a football club. 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. Collingwoods annual general meeting for the 2021 season was held on December 16 resulting in the appointment of Jeff Browne as their new president. 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 . In, Australian Football League. to incorporate the statistic into your presentation at any time. Flexibility and innovation have been the cornerstone of delivering shared value. We are rapt, Pert told News Corp when asked about this years profit. Nationwide News Pty Ltd 2023. 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. These expenses included testing for COVID-19, travel and accommodation requirements and the creation of hubs across the country. 8 hour shift. 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. However, the prospects of future outbreaks, and related shutdowns, still loom onthe horizon. The AFL Commission met on Wednesday, where an increase to the current $6.2 million cap was dicussed at length. The Giants have received about $100 million more funding from the AFL than the Pies over the past decade. AFL earnings call for the period ending September 30, 2021. 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. Across all clubs, revenue dropped $342m, or an average of $19m per club. Picture: AFL Photos. The club would like to acknowledge the continued support of the State Government with its funding commitment to complete stage five at GMHBA Stadium and the clubs ongoing partnership with the Kardinia Park Stadium Trust providing rental relief during the financial year. $85k-$100k base salary. We could not have achieved these kinds of results without the support of the 54,493 dedicated Demons who signed on in 2021. When coronavirushit the league, each club was affected in different ways. 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 . 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. The Swans offer an example of how the pandemic hits clubs differently, depending on whether games are played in their state before crowds. 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. 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. See how every player fared, and all the key stats, from every practice match, including Saturdays mid-price showcase. The Port Adelaide Football Club has declared a record operating profit for the 2021 financial year. This also included the additional precautions taken during travel and interstate stays to safeguard the players, clubs, and the community. Melbournes greatest on-field season in more than half a century has ended with an operating profit of $2.1 million to sit alongside the clubs drought-breaking 13th VFL-AFL premiership triumph. AFL. 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. Others were more exposed to a loss of sponsors, inflexible leases and the closure of side businesses. We look at the financial results of 11 clubs that have recently released their end-of-year financial results. That fall wasn't distributed equally and neither was the ability to commensurately cut costs. Sign up for the Real Footy newsletter. 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. 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. 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. Despite a cut of about an eighth of TV broadcasting revenue in 2020, the cash that came from the media helped the code survive the dark night. Will the recent negative trend continue leading up to . 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. Use Ask Statista Research Service, Number of gym and fitness centers in Australia FY 2016-2021, Number of sports participants in Australia 2022, by type of sports, Number of NRL club members Australia 2023, by club, Share of people visiting gyms, fitness clubs, sports centers Australia 2022, by age. 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. Fri, 25 June 2021 9:46AM. 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. 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. Were working to restore it. Much of the hit came from the loss of match-day revenue. And it may have been the savior for 2020. All hopes are that it is plan A or B embarked upon in the future. The development budget was essentially halvedand may set back the pathways in ways not yet foreseen. 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. 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. 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 Bulldogs completed the sale of its gaming activities during this financial year, recording a one-off gain on the sale of $4 million. 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. These are experiences that will only reinforce these important partnerships in the future. 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. 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. Some astute financial management from Amarfio and past chief executives Eugene Arocca and Carl Dilena across the past 10 years, much-needed sponsorship dollars and an ongoing commitment of the clubs loyal members, especially through the pandemic, helped to turn the tide. These facilities were extinguished in 2021 following the continued focus on managing the overall cost base and driving revenue growth, while delivering the season safely in a pandemic environment,Mr Auld said. 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. These unprecedented results were a significant driver in achieving such a fantastic financial result in 2021, Pert said. 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. 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. Whilst a challenging year financially, we increased our commitment in making a significant and meaningful difference in our community, and will again focus on our community impact in 2022 and beyond. John Stensholt Herald Sun. A payment is due to be made to the players retirement fund in May 2022. Wed be pretty keen, wed have a lot to say in that, said Brasher. A number of clubs will not release their financial reports until early next year. 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. Carltons new era has received a timely boost with the clubs balance sheet recording an impressive $1.28 million profit.