After splitting their pre-season games, all eyes are now on the Round 1 clash with Collingwood. 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. 8 hour shift. On the other hand, deep cuts to sponsorship, membership and attendance saw both Sydney clubs with operating losses of more than $6m. This is roughly what the Coburg VFL club pulled in from their own sources in 2019. Richmond President Peggy ONeal said the Clubs financial position was the result of a collective effort to keep the Club strong during challenging times. As a Premium user you get access to the detailed source references and background information about this statistic. Collingwood chief executive Mark Anderson said the financial difficulties of this season were just as hard as last year. Richmond's flag brought financial windfalls, but the Tigers still have a few clubs ahead of . We acknowledge the ongoing support of our major partner Ford and other principal partners GMHBA, Cotton On, Deakin University and Morris Finance; No crowds at our final four AFL mens home games; Continued restrictive trading conditions for our hospitality business Higher Mark and Geelongs Gym due to government health measures through the COVID-19; and, Depreciation and amortisation expense of $3.0 million. Our people inside the Club and out refuse to bend, let alone be broken. Sport wasn't immuneto thoseclosures. statistic alerts) please log in with your personal account. 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. 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. 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. The focus remains on the rebuild and strengthening of the industry balance sheet that will enable future investment in the growth and development of our game from grassroots through to the elite platforms. 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. 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. Watch Geelong's press conference after week two's practice match against Brisbane. 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. 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. The 'winter shot': Everything you need to know about getting your next COVID-19 booster, If you catch COVID again, will your symptoms be worse? AFL: Here are the financial results of 11 clubs that have recently 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. The Saints have, however, cut their debt, which had topped $12 million at one stage. 2 nd in group. Battle lines between clubs are expected to be drawn when the AFL reviews the 2022 funding. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. We have an administration driven by purpose and care and it shows. 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. National cabinet encourages wearing masks to combat COVID-19. 1 st in group. To use individual functions (e.g., mark statistics as favourites, set As a result, the club is debt free as at 31 October 2021. 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. "Revenue of The Australian Football League (Afl) in Australia from 2012 to 2021 (in Million Australian Dollars). An open letter to the Tasmanian football community | AFL Tasmania PAFC Statement - 2020 financial result - Port Adelaide Football Club 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. 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. The clubs that think that theyve probably sacrificed too much already will want something else. 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. AFL funding ladder revealed: $100m gap between top and bottom clubs 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. Chart. Fri, 25 June 2021 9:46AM. 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. So which ones are best? These unprecedented results were a significant driver in achieving such a fantastic financial result in 2021, Pert said. These cuts were designed to limit the losses of the yearand not cut the fat. The Port Adelaide Football Club has declared a record operating profit for the 2021 financial year. Its the Bulldogs eighth straight year of total profits, and sixth with a total profit in excess of $1 million. 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. We have wiped, I think, over $9 million of debt in the last decade. In, Australian Football League. Keep up to date with the best AFL coverage in the country. (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. 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. The Bulldogs completed the sale of its gaming activities during this financial year, recording a one-off gain on the sale of $4 million. And it may have been the savior for 2020. We will need to be if we want to have the money to invest in our footy department and in our facilities for the good of the football program. Gryan Miers spoke with Cats Media after the practice match against Brisbane. Statista. Some reduced salaries uniformly; others cut the salaries of the better-off harder. Our football community, from our players, coaches and officials and our committed broadcast and corporate partners, all made the relevant sacrifices to ensure the health of the community was put first and we still delivered matches for the fans. A sell out Dreamtime game in Perth has helped Essendon post a $1.2 million operating profit for 2021 and emerge from a second Covid-stricken year bank-debt free. 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. AFL - Australian Football League on LinkedIn: 2022 AFL Financial Result AEST = Australian Eastern Standard Time which is 10 hours ahead of GMT (Greenwich Mean Time), abc.net.au/news/how-afl-survived-a-big-hit-from-covid-19-coronavirus-football/100083470, Help keep family & friends informed by sharing this article, Australia's biggest drug bust: $1 billion worth of cocaine linked to Mexican cartel intercepted, 'Pincers are closing': Ukrainian forces under pressure as Russians shell roads out of Bakhmut, Four in hospital after terrifying home invasion by gang armed with machetes, knives, hammer, 'We have got the balance right': PM gives Greens' super demands short shrift, Crowd laughs as Russia's foreign minister claims Ukraine war 'was launched against us', The tense, 10-minute meeting that left Russia's chief diplomat smoking outside in the blazing sun, 'Celebrity leaders': Mike Pompeo, Nikki Haley take veiled jabs at Donald Trump in CPAC remarks. Our administration was challenged to navigate the Club through a season that was again defined by uncertainty, Richmond President Peggy ONeal said. 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. 2017 Annual Report. 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). 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. In the spirit of reconciliation the AFL acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. AFL: Here are the financial results of 11 clubs that have recently Others were more exposed to a loss of sponsors, inflexible leases and the closure of side businesses. The Bulldogs have announced they have completed the financial year, ending October 31, with a total statutory profit of $6.47 million. 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. 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. 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.. Liam Stocker is firmly in the mix for a round 1 debut at St Kilda after impressing against Essendon. FY 2021 (PDF, 381KB) HOT Report - FY 2020 . If I could summarise our 2021 year in one word, that word would be resilience,Mr Goyder said. Club president Ben Buckley and chief executive Ben Amarfio will make the announcement at a special media conference at Arden Street on Friday morning. 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. 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. License this article AFL 2022 Collingwood We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. AFL. Richmond and Collingwood will get reduced funding from the AFL. Aflac Inc (AFL) Q1 2021 Earnings Call Transcript We saw all areas of the club display great flexibility and agility in making significant changes to the way we operate. 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. 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 The average player salary for a listed player in 2021 was $372, 224 . The government's rollout of JobKeeper helped reduce the level of cuts, with clubs accessing around $70-80m collectively from the scheme. Melbourne had 54,493 members this year, and plans to boost that to 65,000 next year with a view of having 75,000 members by 2023. 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. 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. Blues continue to strengthen off-field position Carlton, despite a decade of on-field struggles, received slightly less than Richmond in variable funding, over the nine years to 2020. Finance Jobs, Employment in Dallas, TX | Indeed.com AFL clubs have emerged from two chaotic, Covid-hit years in reasonably healthy financial shape. Aflac, Inc. is a holding company. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. EVERY PLAYER RATED. 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. The new Tasmanian club needs to be positioned to thrive from the start and long into the future, not set up to fail. By portadelaidefc.com.au on Feb 11, 2021, 7:00pm The Port Adelaide Football Club has announced a net loss from continuing operations of $278,806 for the financial year ending 31 October 2020. 2019 Annual Report. (The Suns joined in 2011 and are paid extra to manage Metricon Stadium for the AFL). AFL : 68.12 (-0.04%) UNM : 45.57 (+2.29%) It also raised questions about the level of support needed for a Tasmanian team. There is an emotional and financial investment in being a member and we do not take it for granted. 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. Statement - 2021 financial result - Port Adelaide Football Club 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. For the last 30 years, Australian Football's professional boom has rolled along untrammelled. 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. The Club has worked incredibly hard to build a position of strength that gives our football programs the best chance to succeed. However, we know there is plenty of work ahead of us, so were determined to keep the momentum going. One in 23 Australians is a member of an AFL club. A payment is due to be made to the players retirement fund in May 2022. Bulldogs announce 2021 financial result - Western Bulldogs 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. There is a clear view that teams based at (now AFL-owned) Marvel Stadium, except for Essendon and Carlton (which split home games with the MCG), required more variable funding than MCG tenant teams. The Geelong Football Club has announced a statutory net profit of $4.7m for the year ending October 31, 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. 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. 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. While our result was underpinned by the sale of The Brook gaming venue, we must acknowledge and thank the ongoing contribution of our Geelong Strong members in season 2021, in what was another disrupted and challenging year in being able to attend games of football, Kelleher said. See How IBD Rates . But, Brad Scotts honeymoon is well and truly over. 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. 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. The effects of COVID-19 can be seen in club annual reports. 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. 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. 2020 AFL Club Annual Reports - Victorian AFL Clubs - Sports Industry AU 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 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. Footy brings people together, it provides a sense of connection. 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. Get a Leaderboard Chart for AFL? 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. You need a Statista Account for unlimited access. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. We are really proud of the financial position we have put ourselves in, Amarfio said. 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. Of this year's crop of key position players, the premier tall is Sam Darcy, who stands at 204cm and looms as a future star. For the league, having stores of cash and a positive asset position was a help to getting through the financial pain. 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. 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. Most Super Bowl wins by NFL team 1967-2023, Average ticket price in the NFL by team 2021, FIFA World Ranking: top male soccer teams 2022, Athletic footwear global market share by company 2015, Health & Fitness Clubs - Statistics & Facts, Sporting goods industry in the U.S. - statistics & facts, Profit from additional features with an Employee Account. Keep up to date with the best AFL coverage in the country. The games collective unity and determination enabled us to withstand what some would say was an even bigger test than the year prior. 2014 Annual Report. The AFL view is that the Cats have a superb stadium deal at their government-funded home ground, which means they need less support. COVID-19, spreadingat a rapid pace, caused shutdowns overmanysectorsand impactedmost lives. The once cash-strapped Kangaroos now have money in the bank and a locked-in future at their traditional Arden St home base after posting a 13th profit from the last 14 seasons, despite a second year of Covid interruptions. Were sorry, this feature is currently unavailable. These expenses included testing for COVID-19, travel and accommodation requirements and the creation of hubs across the country. St Kilda has reduced its debt by $4.3 million despite missing finals for the ninth time in 10 years in 2021. Their support ensures we can continue to re-establish Melbourne as a powerhouse of the competition.. 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. 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. Picture: AFL Photos, Dees' tall duo sets up big win, another injury worry for star Tiger. Game on? The ins and outs of a potential Leland minor league baseball 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. Western Bulldogs are confident their round 1 plans remain on track despite several injury scares in their big pre-season win over North Melbourne. Most members held tight as membership numbers dropped only 6 per cent, but club revenues from memberships fell by nearly half across the league. A drop in revenue was at least partially matched with a drop in expenditure. Competitions across Australiaand the worldwere put on hold. Amateurs still featured in the VFL right into the 1970s, and the wages of paid players for much of the century (under the Coulter Law) was limited to about $5,000 in today's money. AFL Annual Reports - AFL.com.au 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 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. Annual & Quarterly Financial Documents - Fort Worth, Texas The Giants have received about $100 million more funding from the AFL than the Pies over the past decade. In addition, management is developing the clubs vision for the next evolution of the clubs high-performance facilities for both its AFL womens and mens teams. 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. Our members loyalty and the support from our sponsors has carried us through the second year of the pandemic. 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. Across all clubs, revenue dropped $342m, or an average of $19m per club. 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. Motley Fool Transcribers | Oct 28, 2021 Aflac Incorporated (AFL) Q2 2021 Earnings Call Transcript 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.. 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.