To all 50,144 members who have supported the club through this challenging period, we thank you.. 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. Greenwood will reunite with Kangaroos senior coach David Noble, with whom he worked at. 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. 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.. So which ones are best? The Bulldogs have announced they have completed the financial year, ending October 31, with a total statutory profit of $6.47 million. 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. 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. But TV audiences stayed solid, rising 15 per centin the chaos of the pandemic compared with 2019. They were still given total variable funding, however, of just less than $2.5 million, from 2018 to 2020, after they won the 2017 premiership, but nothing in 2021. 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. Carltons new era has received a timely boost with the clubs balance sheet recording an impressive $1.28 million profit. $85k-$100k base salary. We saw all areas of the club display great flexibility and agility in making significant changes to the way we operate. The Sydney Swans Football Club has announced a statutory net profit of $54,598 for the year ended 31 October 2021. 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. 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.. 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 AFL Commission met on Wednesday, where an increase to the current $6.2 million cap was dicussed at length. 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. [Online]. We are determined for the club to remain the destination club for players, staff, members and our commercial partners. Profit from the additional features of your individual account. (March 7, 2022). Chart. 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. 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. See How IBD Rates . Across all clubs, revenue dropped $342m, or an average of $19m per club. 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. This result includes the AFLs controlled state subsidiaries, Marvel Stadium and Champion Data. 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 clubs that think that theyve probably sacrificed too much already will want something else. Urgently hiring. Clubs had no blueprint on how to react. But the club has emerged from two compromised seasons debt free. Our administration was challenged to navigate the Club through a season that was again defined by uncertainty, Richmond President Peggy ONeal said. 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. 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. COVID-19, spreadingat a rapid pace, caused shutdowns overmanysectorsand impactedmost lives. Please do not hesitate to contact me. Currently, you are using a shared account. As society starts to spin back into gear, the AFL is preparing for a challenge it hasn't faced before how to rebuild. 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. There is an emotional and financial investment in being a member and we do not take it for granted. 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. 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. 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. 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. DAFP is also one of 5 Texas regional organizations in the Alliance of Texas Treasury . Dogs free-hit signing a brick wall, Gawndy fires as Tigers sweat on stars fitness, Player ratings: Stocker in frame for Saints debut, Dons battling, Every SuperCoach score: Bargains galore, Gawn dominates, New injury fears for Eagles ahead of Round 1, Dogs allay injury fears after bruising pre-season hitout. The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show . Access to this and all other statistics on 80,000 topics from, Show sources information We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. The Swans offer an example of how the pandemic hits clubs differently, depending on whether games are played in their state before crowds. 2017 Annual Report. However, because of government intervention, severe cost-cutting, lower expenses and pay cuts, catastrophic losses were avoided. 2021 Annual Report. $85,000 - $100,000 a year. 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. Revenue of the Australian Football League (AFL) in Australia from 2012 to 2021 (in million Australian dollars) [Graph]. It also raised questions about the level of support needed for a Tasmanian team. Our people inside the Club and out refuse to bend, let alone be broken. 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. 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.. AFL clubs have emerged from two chaotic, Covid-hit years in reasonably healthy financial shape. Flexibility and innovation have been the cornerstone of delivering shared value. Register in seconds and access exclusive features. 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. 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. 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Used as a form of tax on the richer clubs, variable funding is the AFL's primary tool for financial equality across the competition. Operating revenue increase by 33.3% to $47.4 million. We look at the financial results of 11 clubs that have recently released their end-of-year financial results. to incorporate the statistic into your presentation at any time. 2014 Annual Report. 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 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. 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. 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. Are you interested in testing our business solutions? 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. 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 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. is ranked # 1. The club is focused on working with Kardinia Park Stadium Trust in completing Stage Five at GMHBA Stadium, increasing the stadium capacity to 40,000 in season 2023. Gryan Miers spoke with Cats Media after the practice match against Brisbane. 2016 Annual Report. From this strong position we launch into 2022 full of confidence, Sayers said. The club now proudly has no direct revenues from all forms of gambling and gaming, and is focused on identifying new opportunities to substitute gaming revenues to ensure a sustainable operating model into the future, this includes expanding its investment in the health and fitness and hospitality industries through its award-winning Higher Mark business. 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. Some externally feared the weight of that debt as well as the crippling interest repayments made them one of the most vulnerable AFL clubs. It operates through the followings segments: Aflac Japan and Aflac United States (U.S.). 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. Easily apply. A number of clubs will not release their financial reports until early next year. (The Suns joined in 2011 and are paid extra to manage Metricon Stadium for the AFL). The Giants have received about $100 million more funding from the AFL than the Pies over the past decade. 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. 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. 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 loss of $2 million each to the first four of those four clubs means that, in effect, as one source from a wealthy club pointed out, there will be a gap exceeding $6 million each year between what the AFL provides to the richer clubs and the total player payments (TPP). We have got to have that financial backing to be reflective of the big Melbourne clubs.. These unprecedented results were a significant driver in achieving such a fantastic financial result in 2021, Pert said. 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. The Swans won't be one of the most affected clubs by the coronavirus, but they also won't be immune . Demons chief executive Gary Pert said the clubs ability to emerge from a second year of the global pandemic in the best financial shape in its history was testament to the loyalty of its members and the ongoing commitment of its sponsors. We have an administration driven by purpose and care and it shows. 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 Blues are seen as a club with enormous potential to generate interest and money if they can rise to premiership contention. It is also essential to the northern market teams, albeit the Swans need much less help than the Lions, Suns or Giants. 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. 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. 2019 Annual Report. A payment is due to be made to the players retirement fund in May 2022. The strength of our balance sheet is particularly important right now as we move towards the redevelopment of Punt Road Oval a project that is critical to our future. Many new members signed on after the end of the AFL cut-off period, despite knowing they couldnt even attend matches. The 1,113,441 number surpasses the record of 1,057,572 that was set in 2019. One in 23 Australians is a member of an AFL club. A month has gone by since the last earnings report for Aflac (AFL). A paid subscription is required for full access. The Club delivered another record membership of 105,084 a remarkable result under any scenario. If I could summarise our 2021 year in one word, that word would be resilience,Mr Goyder said.