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. 2022 AFL Financial Result 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.. engages in the provision of financial protection services. 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. Please try again later. Battle lines between clubs are expected to be drawn when the AFL reviews the 2022 funding. These cuts were designed to limit the losses of the yearand not cut the fat. AFL. In 1927, then-rich Carlton made 5,700 pounds or about $470,000 in 2020 dollars. These are experiences that will only reinforce these important partnerships in the future. The 1,113,441 number surpasses the record of 1,057,572 that was set in 2019. We could not have achieved these kinds of results without the support of the 54,493 dedicated Demons who signed on in 2021. Aflac, Inc. is a holding company. Please do not hesitate to contact me. More analysis for UNM: IBD RATINGS FOR AFL FY2021 Annual Comprehensive Financial Report (PDF, 48MB) . All times AEDT (GMT +11). 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. We are determined for the club to remain the destination club for players, staff, members and our commercial partners. Darcy, a father-son for the Western Bulldogs and the son of club great . 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. That fall wasn't distributed equally and neither was the ability to commensurately cut costs. The club has embarked on a major upgrade of RSEA Park in Moorabbin which has become the clubs home again after the failed Seaford venture. 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. Sponsorship and advertising revenues increased to $11.7m compared to the $10.1m in the prior year, with Geelong acknowledging the ongoing support of its major partner Ford and other principal partners GMHBA, Cotton On, Deakin University and Morris Finance in contributing to its strong off-field position. In the spirit of reconciliation the AFL acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. While the AFL recorded a cash surplus, the AFLs underlying operating loss for 2021 was $43.0 million, compared to an underlying operating loss of $22.7 million in 2020. Carltons new era has received a timely boost with the clubs balance sheet recording an impressive $1.28 million profit. The AFL view is that the Cats have a superb stadium deal at their government-funded home ground, which means they need less support. 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. 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). Our administration was challenged to navigate the Club through a season that was again defined by uncertainty, Richmond President Peggy ONeal said. For the league, having stores of cash and a positive asset position was a help to getting through the financial pain. Our members loyalty and the support from our sponsors has carried us through the second year of the pandemic. A drop in revenue was at least partially matched with a drop in expenditure. 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. 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. The Bulldogs have announced they have completed the financial year, ending October 31, with a total statutory profit of $6.47 million. The Club's Balance Sheet is in a strong position, underpinned by the Bentleigh Club land asset ($23.7m), cash reserves of $9.6m and no debt. All hopes are that it is plan A or B embarked upon in the future. 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? 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. Rich clubs lose bid to increase AFL's soft cap - The Age 2016 Annual Report. Find out more about our policy and your choices, including how to opt-out. UNM. AFL. Consistently analyze financial information based on both routine and ad-hoc reports. The total payments to AFL Executives equated to $9.8 million, compared to $7.0 million in 2020, and $10.4 million in 2019. Financial powerhouse clubs take $8 million hit from AFL. 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Accessed March 04, 2023. https://www.statista.com/statistics/1299806/australia-revenue-of-the-afl/, Australian Football League. 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. It also raised questions about the level of support needed for a Tasmanian team. The first official KFC SuperCoach scores of 2023 are in. 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. 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. 2 nd in group. Despite the increase, 2021 revenue was $55.8 million less than 2019, reflecting the ongoing impact of covid restrictions nationally. The club is now debt free for the first time in decades and positioned to bounce out of COVID-19. We have an administration driven by purpose and care and it shows. See How IBD Rates . Once again, we would like to thank our members for their continued support. Revenue of the Australian Football League (AFL) in Australia from 2012 to 2021 (in million Australian dollars) [Graph]. John Stensholt Herald Sun. Tasmanian AFL expansion team decision to be made in 2022 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. 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. Others were more exposed to a loss of sponsors, inflexible leases and the closure of side businesses. 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. Please create an employee account to be able to mark statistics as favorites. The club would like to acknowledge the on-going commitment of the clubs loyal members, commercial partners and Our Ambition donors who remained Geelong Strong during another disrupted season in 2021. . 2019 Annual Report. 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. statistic alerts) please log in with your personal account. 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. There is more agitation between traditional clubs about differences in funding. In 2021, the surplus from redevelopment activities was $853,674 (2020: $36,955 deficit) which included income from State Government grants of $988,954 in relation to the Whitten Oval precinct redevelopment, offset by non-capitalised costs of $135,280. 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. After splitting their pre-season games, all eyes are now on the Round 1 clash with Collingwood. 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. March 7, 2022. In, Australian Football League. AFL 2023: Teal MP Zoe Daniel attacks AFL over gambling ads 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. AFL Headquartersalso embarked on a significant restructure to stay afloat. The Cats are now debt free for the first time in decades and have no direct revenues from any form of gambling and gaming. 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. $29.5 million on the administration of the 2021 mens and womens season, including travel costs to relocate clubs impacted by state border restrictions and administer Covid-19 testing protocols; $53.0 million to Game Development; an increase of $21.0 millionin line with increased activity at Community level nationally through 2021; $18.5 million in running the NAB AFL Womens competition; $23.0 million to infrastructure comprising of elite and community facilities and contributions for stadia redevelopments; and. 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. 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. 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. 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 AFL reported an underlying operating profit of $20.7 million in 2022, compared with an underlying operating loss of $46.1 million in 2021, an increase of $66.8 . North became debt-free last year. As a result, the club is debt free as at 31 October 2021. In 2021, the Suns were granted what industry sources said was about $14 million on top of the $10.45 million base funding, with GWS said to have gained an additional $13 million, the Lions around $10 million and St Kilda close to $9 million. AFL clubs have emerged from two chaotic, Covid-hit years in reasonably healthy financial shape. As a result, the AFL had to support clubs differently to normal, based on these impacts. 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.. ", 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. 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. Used as a form of tax on the richer clubs, variable funding is the AFL's primary tool for financial equality across the competition. 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. Our sponsors have also stood firm with us during another difficult year. 2021 Annual Report. FY 2021 (PDF, 381KB) HOT Report - FY 2020 . 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. AFL Annual Reports - AFL.com.au Get full access to all features within our Business Solutions. In the past, the AFL fully funded the player payments. 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. AFL: Here are the financial results of 11 clubs that have recently We collectively made some tough decisions at the end of 2020 to not only survive the enormous financial challenge we were facing, but to plan for what this year could look like, given the uncertainty we faced, he said. 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. In a Covid-affected 2020, Club membership reached 992,854. Sources said this was a travel allowance. 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. Our people inside the Club and out refuse to bend, let alone be broken. 2014 Annual Report. 4-1 Hybrid work schedule (4 days at home - 1 in the. We achieve this through Treasury Education, Relationship Building, Regional Collaboration and Community Development. 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. 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. 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. 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. 2015 Annual Report. Will the recent negative trend continue leading up to . 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