AFL earnings call for the period ending March 31, 2021. . 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. 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. 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. You can only download this statistic as a Premium user. The Hawks on Wednesday announced a $1.7 million net operating profit for 2021, including a $255,747 surplus for traditional football operations revenue. Eighty per cent of all jobs across AFL headquarters and the clubs were either cut or furloughed during the peak of the COVID shutdown, with the players taking a 50 per centpay cut over the period. By portadelaidefc.com.au on Feb 14, 2022, 1:30pm The Port Adelaide Football Club has declared a record operating profit of $4,209,451 for the financial year ending 31 October 2021. See the match notes, news and updates here. Its the Bulldogs eighth straight year of total profits, and sixth with a total profit in excess of $1 million. The outstanding financial result in a pandemic year has allowed the club, which now has the longest premiership drought in the game, to decrease its whopping debt to $9,562,300. 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. There is more agitation between traditional clubs about differences in funding. Job losses and wage cuts were the response across the board. 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. Posted Tue 24 Aug 2021 at 1:52am Tuesday 24 Aug . FY2021 Annual Comprehensive Financial Report (PDF, 48MB) . As society starts to spin back into gear, the AFL is preparing for a challenge it hasn't faced before how to rebuild. 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. Revenue of the Australian Football League (AFL) in Australia from 2012 to 2021 (in million Australian dollars) [Graph]. 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. 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. Other clubs will as well. 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. 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. 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. The Korin Gamadji Institute and the Bachar Houli Foundation are central to much of that work connecting with young people in these difficult times and empowering them to shape their futures.. As a Premium user you get access to background information and details about the release of this statistic. But TV audiences stayed solid, rising 15 per centin the chaos of the pandemic compared with 2019. National cabinet encourages wearing masks to combat COVID-19. Battle lines between clubs are expected to be drawn when the AFL reviews the 2022 funding. The Giants averaged $10.46 million in variable funding from 2012-2020, followed by the Suns ($9.8 million), with a jump down to Brisbane Lions ($6.03 million) and then the Saints ($5.69 million). Club president Ben Buckley and chief executive Ben Amarfio will make the announcement at a special media conference at Arden Street on Friday morning. 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. Geelong and Adelaide are not far behind the so-called power clubs of Collingwood and West Coast, in terms of receiving modest funding from headquarters, the Cats getting variable funding (aggregate of $2.13 million from 2012 to 2020) in only six of the past 10 years. 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. Keep up to date with the best AFL coverage in the country. 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. 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. is ranked # 1. Please try again later. Profit from the additional features of your individual account. New president Luke Sayers said he was confident the momentum gained with the sweeping changes and positive financial result would continue into next season. 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.. That collective strength is what defines the Richmond Football Club and why I think we have so much to look forward to. 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 AFL spent almost $30 million on COVID-19 related costs in 2021, taking it to a combined $76 million during the past two seasons. is ranked # 2. 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 clubs that think that theyve probably sacrificed too much already will want something else. Where almost all of the historical backing from the game came from ticket sales, memberships and benefactors, now punters form a smaller part of the revenue pie. 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. A month has gone by since the last earnings report for Aflac (AFL). 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. Across all clubs, revenue dropped $342m, or an average of $19m per club. 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. 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. Carltons new era has received a timely boost with the clubs balance sheet recording an impressive $1.28 million profit. Sources said this was a travel allowance. North Melbourne is finally debt-free for the first time in more than a generation, which represents an extraordinary $9 million turnaround across the past decade. 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. 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. 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. As a result, we remain financially stable, strongly connected to our stakeholders, and important contributors to the broader community. We saw all areas of the club display great flexibility and agility in making significant changes to the way we operate. However, we know there is plenty of work ahead of us, so were determined to keep the momentum going. The Port Adelaide Football Club has released the following statement regarding the club's 2020 financial result. But, Brad Scotts honeymoon is well and truly over. Richmond and Collingwood will get reduced funding from the AFL.Credit:Getty Images. If you are an admin, please authenticate by logging in again. A drop in revenue was at least partially matched with a drop in expenditure. These expenses included testing for COVID-19, travel and accommodation requirements and the creation of hubs across the country. 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. Accessed March 04, 2023. https://www.statista.com/statistics/1299806/australia-revenue-of-the-afl/, Australian Football League. Even adjusted for inflation, half of the league's modern clubs earned more revenue in 2019 than the VFL as a whole did in 1987. Our administration was challenged to navigate the Club through a season that was again defined by uncertainty, Richmond President Peggy ONeal said. Greenwood will reunite with Kangaroos senior coach David Noble, with whom he worked at. Whatever way it goes, [we] want to have a strong voice in that discussion.. For the last 30 years, Australian Football's professional boom has rolled along untrammelled. 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.

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