We saw all areas of the club display great flexibility and agility in making significant changes to the way we operate. Darcy, a father-son for the Western Bulldogs and the son of club great . 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. 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. The Sydney Swans Football Club has announced a statutory net profit of $54,598 for the year ended 31 October 2021. These unprecedented results were a significant driver in achieving such a fantastic financial result in 2021, Pert said. We are determined for the club to remain the destination club for players, staff, members and our commercial partners. 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. Will the recent negative trend continue leading up to . Can the dogs of Chernobyl teach us new tricks when it comes to our own survival? 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. Essendon tackled Richmond at Perth Stadium for the Sir Doug Nicholls Round after the game was moved to Darwin in 2020. North became debt-free last year. As such, sporting codes will have to plan from A to Z. 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. AFL clubs and broadcasting manager Travis Auld speaking to media in 2020. Find out more about our policy and your choices, including how to opt-out. St Kilda has reduced its debt by $4.3 million despite missing finals for the ninth time in 10 years in 2021. is ranked # 1. This is roughly what the Coburg VFL club pulled in from their own sources in 2019. If you are an admin, please authenticate by logging in again. We could not have achieved these kinds of results without the support of the 54,493 dedicated Demons who signed on in 2021. 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. Western Bulldogs are confident their round 1 plans remain on track despite several injury scares in their big pre-season win over North Melbourne. 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. This result includes the AFLs controlled state subsidiaries, Marvel Stadium and Champion Data. Sport wasn't immuneto thoseclosures. But the club has emerged from two compromised seasons debt free. 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. But, Brad Scotts honeymoon is well and truly over. 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. Statista. 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 club recorded a standard operating profit of $2,308,667 prior to the inclusion of $2,254,069 of expenses relating to the Swans HQ development at the Royal Hall of Industries (tender costs, rent and depreciation). Aflac, Inc. is a holding company. A new stadium that players want to play at, coaches want to coach at, accommodating 5,000 AFL fans travelling from interstate locations each week, with a fan experience they are accustomed to, would underpin the success of the club. After the hardships of 2020, the blows delivered by Covid-19 in 2021 hit everyone with force, Anderson said. Fri, 25 June 2021 9:46AM. The club also made a profit from discontinued operations, including the gain on the sale of gaming operations, of $3.98 million. Presented by Ford. 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. 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. The Port Adelaide Football Club has released the following statement regarding the club's 2020 financial result. Ironically, as we get to the end of the second year of the pandemic, the club is in the best financial position it has been in its history, Pert said. 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. Richmond and Collingwood will get reduced funding from the AFL. Most members held tight as membership numbers dropped only 6 per cent, but club revenues from memberships fell by nearly half across the league. 2 nd in group. In the past, the AFL fully funded the player payments. We have an administration driven by purpose and care and it shows. AFL earnings call for the period ending September 30, 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. On the other hand, deep cuts to sponsorship, membership and attendance saw both Sydney clubs with operating losses of more than $6m. As a Premium user you get access to the detailed source references and background information about this statistic. 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. 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. 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 Picture: AFL Photos. The Geelong Football Club has announced a statutory net profit of $4.7m for the year ending October 31, 2021. Australian Football League. 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. . John Stensholt Herald Sun. Essendon received $10.7m from the AFLs annual distribution revenue. This years financial bottom line represented a turnaround of more than $5.1 million on the 2020 figure, albeit Pert insisted the pandemic had cost the club around $8 million over the past two years. The extent of what is effectively taxation of the richer clubs is a sore point for some powerful clubs. These expenses included extensive covid testing, additional travel and accommodation requirements and the setup of multiple high-performance centres to house travelling teams and families. Show publisher information 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. 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? 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. A month has gone by since the last earnings report for Aflac (AFL). Our administration was challenged to navigate the Club through a season that was again defined by uncertainty, Richmond President Peggy ONeal said. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. However, we know there is plenty of work ahead of us, so were determined to keep the momentum going. 2018 Annual Report. 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. 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. 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. 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. 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 new Tasmanian club needs to be positioned to thrive from the start and long into the future, not set up to fail. You need at least a Starter Account to use this feature. 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. 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. "Revenue of the Australian Football League (AFL) in Australia from 2012 to 2021 (in million Australian dollars)." There were significantly less travel and accommodation costs in 2021 compared to 2020. There is more agitation between traditional clubs about differences in funding. These expenses included testing for COVID-19, travel and accommodation requirements and the creation of hubs across the country. AFL. Distributions increased $117.0 million through increases in club and AFL Players Association distributions; these were reduced in 2020 to offset lower revenue and increased costs of running the mens Toyota Premiership season and returned toward pre-COVID levels in 2021. AFL funding ladder revealed: $100m gap between top and bottom clubs. Whatever way it goes, [we] want to have a strong voice in that discussion.. 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. 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. Nationwide News Pty Ltd 2023. Used as a form of tax on the richer clubs, variable funding is the AFL's primary tool for financial equality across the competition. 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. The Port Adelaide Football Club has declared a record operating profit for the 2021 financial year. 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. 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 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.. It operates through the followings segments: Aflac Japan and Aflac United States (U.S.). See the match report and stats here. We saw all areas of the club display great flexibility and agility in making significant changes to the way we operate. However, because of government intervention, severe cost-cutting, lower expenses and pay cuts, catastrophic losses were avoided. But TV audiences stayed solid, rising 15 per centin the chaos of the pandemic compared with 2019. UNM. To all 50,144 members who have supported the club through this challenging period, we thank you.. Of the $36 million the AFL has taken from all clubs, more than $26 million will be re-allocated to 14 of the 18 clubs, on a needs basis - a move that has already drawn the ire of Richmond, Collingwood, Hawthorn, the Eagles and Essendon. 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. 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. The Saints and Bulldogs, for instance, have gained more AFL funding than Melbourne. Access to this and all other statistics on 80,000 topics from, Show sources information The Saints have, however, cut their debt, which had topped $12 million at one stage. AFL players agreed to take a 50 per cent pay cut in the wake of the coronavirus pandemic. The Demons have no debt and cash reserves of $9.6 million, while the sale of the Bentleigh Club land asset will yield $23.7 million next year, which will be put into a Future Fund to safeguard the clubs long-term financial future. 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. 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 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. Please try again later. The Bulldogs have announced they have completed the financial year, ending October 31, with a total statutory profit of $6.47 million. In 2020 and 2021, the AFL covered travel costs for teams impacted by state border restrictions. Management have developed a clear strategy under new CEO Steve Hocking for crowds to return in season 2022, kicking off with the AFL W season in January. You need a Statista Account for unlimited access. However, the prospects of future outbreaks, and related shutdowns, still loom onthe horizon. is ranked # 2. 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. Some clubs relied on more walk-up fans and member churn for their attendance income. 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. The Bulldogs completed the sale of its gaming activities during this financial year, recording a one-off gain on the sale of $4 million. See how every player fared, and all the key stats, from every practice match, including Saturdays mid-price showcase. 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. 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. 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.