Its the Bulldogs eighth straight year of total profits, and sixth with a total profit in excess of $1 million. The 2021 total is 12 per cent growth on 2020. In a Covid-affected 2020, Club membership reached 992,854. Essendon received $10.7m from the AFLs annual distribution revenue. 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. Most significantly, our members and supporters were challenged and, as has always been the case, they stood firm. 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. On the other hand, deep cuts to sponsorship, membership and attendance saw both Sydney clubs with operating losses of more than $6m. The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show . Variable funding is the AFLs primary tool for evening up the competition financially and the league has increased the level of redistribution enormously since 2012, when St Kilda and the Lions were given several million fewer dollars than they were later granted from 2015-16, as Gillon McLachlan and his team increased subsidies to the poorer clubs. Annual & Quarterly Financial Documents - Fort Worth, Texas 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. Richmond Football Club has reported an operating profit of $2.5 million for the financial year, ended 31 October. The Port Adelaide Football Club has released the following statement regarding the club's 2020 financial result. 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 profit was generated from a revenue base of $73.8 million. For the league, having stores of cash and a positive asset position was a help to getting through the financial pain. It is also essential to the northern market teams, albeit the Swans need much less help than the Lions, Suns or Giants. AFL earnings call for the period ending March 31, 2021. . 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. Keep up to date with the best AFL coverage in the country. The covid overlay hasnt allowed this social connection to happen as much as we would like, so this year we are focusing our efforts to ensure this happens across all levels of our game.-----Key AFL financial summary:The AFLs revenue increased by $63.3 million to $738.1 million, due to increased broadcast revenue and improved commercial returns. Once again, we would like to thank our members for their continued support. Geelong, Collingwood, Hawthorn and West Coast each received at least $100 million less than both expansion teams Greater Western Sydney and Gold Coast and more than $50 million less than St Kilda in AFL funding over the past decade. Job losses and wage cuts were the response across the board. They lost $6.1 million in 2020 due to the COVID-19s impact on their largely crowd-free home games, but have fared far better to record a small profit this year. All times AEDT (GMT +11). 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. Fremantle 2021 Financial Result - Fremantle Football Club Access to this and all other statistics on 80,000 topics from, Show sources information 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. Despite the increase, 2021 revenue was $55.8 million less than 2019, reflecting the ongoing impact of covid restrictions nationally. Can the dogs of Chernobyl teach us new tricks when it comes to our own survival? Crowds in 2020 were at their lowest point since the middle of World War II, with just 826,458 punters walking through the turnstiles. 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. Geelong Announces 2021 Financial Result - Geelong Football Club 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. Competitions across Australiaand the worldwere put on hold. Flexibility and innovation have been the cornerstone of delivering shared value. The Giants have received about $100 million more funding from the AFL than the Pies over the past decade. 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. We are rapt, Pert told News Corp when asked about this years profit. 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. The club is now debt free for the first time in decades and positioned to bounce out of Covid-19 and management has developed a clear strategy under new CEO Steve Hocking for crowds to return in season 2022.. Tasmanian AFL expansion team decision to be made in 2022 The club increased its membership base by 6000 from 2020 with more than 82,000 Pies fans making up the club support base through its AFL, AFLW and netball programs. AFL Annual Reports - AFL.com.au There is more agitation between traditional clubs about differences in funding. 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. As a Premium user you get access to the detailed source references and background information about this statistic. 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. Footy brings people together, it provides a sense of connection. We have wiped, I think, over $9 million of debt in the last decade. And it may have been the savior for 2020. Accessed March 04, 2023. https://www.statista.com/statistics/1299806/australia-revenue-of-the-afl/, Australian Football League. Other clubs will as well. ", Australian Football League, Revenue of the Australian Football League (AFL) in Australia from 2012 to 2021 (in million Australian dollars) Statista, https://www.statista.com/statistics/1299806/australia-revenue-of-the-afl/ (last visited March 04, 2023), Revenue of the Australian Football League (AFL) in Australia from 2012 to 2021 (in million Australian dollars) [Graph], Australian Football League, March 7, 2022. 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. It has been a significant achievement to turnaround a heavy financial loss incurred in 2020, to post a profit in 2021 while clearing all debts to the AFL, Sydney Swans CEO Tom Harley said. 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Every club is going to speak through self-interest and if you look at it, the clubs that would expect to get more out of variable funding will want one thing. 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. You need at least a Starter Account to use this feature. Kennett credited the Hawks 77,000 members and commercial partners for enabling the club to maintain its financial independence during a pandemic that has created two years of challenges and uncertainty. 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.. For them, the pain was as hard as in any other sector. 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. Nationwide News Pty Ltd 2023. Mandalay Baseball and the Braves proposed to bring the franchise to town if Wilmington would build a $37 million, 6,000-seat stadium, necessitating a 2.5-cent property tax increase. Australian Football League. 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. See how every player fared, and all the key stats, from every practice match, including Saturdays mid-price showcase. 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. Show publisher information Daily Weekly. 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. Greenwood will reunite with Kangaroos senior coach David Noble, with whom he worked at. Richmond and Collingwood will get reduced funding from the AFL.Credit:Getty Images. 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. 4-1 Hybrid work schedule (4 days at home - 1 in the. The AFL will retain between $8 million and $10 million from that $36 million pot, which will be re-directed to clubs that have special needs during 2022 - a plan that is mindful of the unequal and unpredictable impact of the pandemic upon clubs in different states. "Revenue of The Australian Football League (Afl) in Australia from 2012 to 2021 (in Million Australian Dollars). 2019 Annual Report. Collingwoods annual general meeting for the 2021 season was held on December 16 resulting in the appointment of Jeff Browne as their new president. However, because of government intervention, severe cost-cutting, lower expenses and pay cuts, catastrophic losses were avoided. 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.. Weve got one of the strongest balance sheets in the competition. All hopes are that it is plan A or B embarked upon in the future. 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. 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. Those changes ensured we delivered an exceptional financial result in 2021, while the club was able to continue to perform at a high level on and off the field. In 1927, then-rich Carlton made 5,700 pounds or about $470,000 in 2020 dollars. 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. As a result, we remain financially stable, strongly connected to our stakeholders, and important contributors to the broader community. AFL. St Kilda has reduced its debt by $4.3 million despite missing finals for the ninth time in 10 years in 2021. Are you interested in testing our business solutions? Find out more about our policy and your choices, including how to opt-out. AFL Headquartersalso embarked on a significant restructure to stay afloat. 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. 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. Australia: revenue of the AFL 2021 | Statista 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. Our sponsors have also stood firm with us during another difficult year. 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. Insurance-Acc & Health Group. We are determined for the club to remain the destination club for players, staff, members and our commercial partners. That fall wasn't distributed equally and neither was the ability to commensurately cut costs. 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. West Coasts casualty ward looks set to increase with Josh Rotham sent for scans on a forearm injury, writes MARK DUFFIELD. AFL funding ladder revealed: $100m gap between top and bottom clubs Dallas Association for Financial Professionals 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. Richmond and Collingwood will get reduced funding from the AFL. That step is reminiscent of a failed attempt in 2012 by Wilmington city officials to bring an Atlanta Braves minor league team to the Port City. 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. We were pleased to see crowds back at both the MCG and UTAS Stadium this year and we look forward to this happening more in 2022, he said. The Hawks on Wednesday announced a $1.7 million net operating profit for 2021, including a $255,747 surplus for traditional football operations revenue. 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. If you are an admin, please authenticate by logging in again. North became debt-free last year. We saw all areas of the club display great flexibility and agility in making significant changes to the way we operate.