(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. 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. Please do not hesitate to contact me. We have a club funding model that is integral to the competitive balance of the competition and supports the notion of any given Sunday.. Collingwood fared worst in terms of funding by the league, the Magpies receiving zero dollars in variable funding over the decade, marginally behind the competitions financial behemoth, West Coast. The development budget was essentially halvedand may set back the pathways in ways not yet foreseen. 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. The Cats are now debt free for the first time in decades and have no direct revenues from any form of gambling and gaming. 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. We have wiped, I think, over $9 million of debt in the last decade. The government's rollout of JobKeeper helped reduce the level of cuts, with clubs accessing around $70-80m collectively from the scheme. 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. 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.. 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 Saints have, however, cut their debt, which had topped $12 million at one stage. As we navigated through the on-going effects of the pandemic, it continued to test the resolve and, at times our patience, as we collectively worked through the week to week, and sometimes day to day uncertainty that the pandemic presented. John Stensholt Herald Sun. 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). 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. 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. We achieve this through Treasury Education, Relationship Building, Regional Collaboration and Community Development. As a result, we remain financially stable, strongly connected to our stakeholders, and important contributors to the broader community. Collingwood chief executive Mark Anderson said the financial difficulties of this season were just as hard as last year. 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. 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. Collingwood has posted a net loss of almost $700,000 as it deals with the on-going financial impact of Covid-19. 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. Even that amount could be considered a miracle, considering round 1 was played in front of empty stands around the country. Those changes ensured we delivered an exceptional financial result in 2021, whilst the club was able to continue to perform at a high level on and off the field. Statista. 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. 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. Sign up for the Real Footy newsletter. St Kilda, which has been easily the greatest recipient of AFL funding of Victorian clubs over the previous four years - topping $20 million in 2017, 2018 and 2019 - will also have their funding reduced compared to the already reduced 2021 outlay. Australian Football League. Across all clubs, revenue dropped $342m, or an average of $19m per club. 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. Keep up to date with the best AFL coverage in the country. 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. 2015 Annual Report. Sources said this was a travel allowance. 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. We could not have achieved these kinds of results without the support of the 54,493 dedicated Demons who signed on in 2021. As a result, the AFL had to support clubs differently to normal, based on these impacts. Richmond and Collingwood will get reduced funding from the AFL.Credit:Getty Images. $0.9 million to corporate and social responsibility initiatives. FY 2021 (PDF, 381KB) HOT Report - FY 2020 . 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. 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. 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. 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. 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. Shares have lost about 1.9% in that time frame, outperforming the S&P 500. 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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. A F L A C Inc (AFL) - OFFERS CANCER, ACCIDENT, HEALTH, DISABILITY AND LIFE INSURANCE IN JAPAN AND THE U.S. GROUP LEADERSHIP. 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. A payment is due to be made to the players retirement fund in May 2022. The new Tasmanian club needs to be positioned to thrive from the start and long into the future, not set up to fail. The Bulldogs completed the sale of its gaming activities during this financial year, recording a one-off gain on the sale of $4 million. There is more agitation between traditional clubs about differences in funding. 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 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.. 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. We have an administration driven by purpose and care and it shows. The Club has also remained fully invested in its social impact programming it is at the heart of our purpose as a football club. With the wave of support from the Carlton faithful right across the country behind us, we will continue to move this football club forward in pursuit of the sustained success, on and off the field.. License this article AFL 2022 Collingwood is ranked # 2. Premium events and corporate boxes were mostly impossible and many fans opted for options such as reduced cost memberships or fees deferred toward next year's membership. 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. FY2021 Annual Comprehensive Financial Report (PDF, 48MB) . The Saints have a large debt of $9.5 million, behind only the Brisbane Lions, but did reduce their debt by $4.26 million last year. The redistribution from rich to poor over the decade and especially figures from 2017 to 2020 that counts one year of the pandemic also raises questions about the sustainability of the financial model in the eyes of some clubs, given the large number of teams that rely on the AFL to remain in the black or to manage debt. For the last 30 years, Australian Football's professional boom has rolled along untrammelled. A number of clubs will not release their financial reports until early next year. While the Blues have changed coach and CEO in the past two months in a bid to end years of underperforming on the field, its off-field fortunes continue to grow. 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. Richmond's flag brought financial windfalls, but the Tigers still have a few clubs ahead of . 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. Melbourne will also have a reduction after winning the premiership, but they will not be cut as heavily as the Bulldogs, according to competition sources, because the Dogs have had a longer period of profitability. 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. The Annual Comprehensive Financial, Debt, Investment, Texas Comptroller's Annual Hotel Occupancy Tax documents. Were sorry, this feature is currently unavailable. A month has gone by since the last earnings report for Aflac (AFL). The Swans offer an example of how the pandemic hits clubs differently, depending on whether games are played in their state before crowds. Next season shapes as a huge year for the Saints as Brett Ratten attempts to win a new contract and steer the club into finals after a 10-win season this year. 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. One in 23 Australians is a member of an AFL club. COVID-19, spreadingat a rapid pace, caused shutdowns overmanysectorsand impactedmost lives. The Geelong Football Club has announced a statutory net profit of $4.7m for the year ending October 31, 2021. However, because of government intervention, severe cost-cutting, lower expenses and pay cuts, catastrophic losses were avoided. Collingwoods annual general meeting for the 2021 season was held on December 16 resulting in the appointment of Jeff Browne as their new president. 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. 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. 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 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. 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. However, we know there is plenty of work ahead of us, so were determined to keep the momentum going. A report from The Age shows the league's variable funding of clubs from 2012 to 2021, with a huge $100 million gap between the top (GWS) and bottom club (Collingwood). 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 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 . 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. And it may have been the savior for 2020. 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. Currently, you are using a shared account. In that time there has not previously been a financial backwards step at least until COVID-19 struck. The Club delivered another record membership of 105,084 a remarkable result under any scenario. . 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. 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. While Australia has faced big, life-altering challenges before such as the 1918 influenza epidemic and two world wars, sport in Australia has been more of a semi-professional pursuit than a fully professional one. The stakes to rebuild the game now are much higher, and an opportunity presents itself to shape the future financial direction of the game. 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. 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. Competitions across Australiaand the worldwere put on hold. 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 hard work put in by our entire club over the last decade has put us in a position to realise the dream of reimagining the Whitten Oval precinct for our four elite teams and the community of the west, he said. AFL earnings call for the period ending March 31, 2021. . Flexibility and innovation have been the cornerstone of delivering shared value. Motley Fool Transcribers | Oct 28, 2021 Aflac Incorporated (AFL) Q2 2021 Earnings Call Transcript If we can grow our membership and build big blockbuster crowds at the MCG because we are playing good footy against the best teams, there is no reason why we cant be even financially stronger. 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. 4-1 Hybrid work schedule (4 days at home - 1 in the. All eyes were on the Brodie Grundy-Max Gawn partnership which delivered six goals, but an injury blow to a crucial Tiger stole some of the spotlight. The DAFP is the professional association of choice for individuals in Treasury and Financial careers in Dallas and surrounding areas. 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. . 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. As a result, the club is debt free as at 31 October 2021. But, Brad Scotts honeymoon is well and truly over. Easily apply. 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. Most members held tight as membership numbers dropped only 6 per cent, but club revenues from memberships fell by nearly half across the league. The Giants have received about $100 million more funding from the AFL than the Pies over the past decade. Most significantly, our members and supporters were challenged and, as has always been the case, they stood firm. 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. 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. 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. More analysis for UNM: IBD RATINGS FOR AFL 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. It is also essential to the northern market teams, albeit the Swans need much less help than the Lions, Suns or Giants. Urgently hiring. AFL. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. West Coasts casualty ward looks set to increase with Josh Rotham sent for scans on a forearm injury, writes MARK DUFFIELD. 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. AFL. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. 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. To use individual functions (e.g., mark statistics as favourites, set 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. 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. The 2021 result includes a commitment to the AFLPA for a share of revenues captured over the 2017-2021 seasons. engages in the provision of financial protection services. Club president Ben Buckley and chief executive Ben Amarfio will make the announcement at a special media conference at Arden Street on Friday morning. As a Premium user you get access to the detailed source references and background information about this statistic. 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. As soon as this statistic is updated, you will immediately be notified via e-mail. We have survived the most challenging two years in the games history and while we know the next 12 months will continue to surprise and test us, our priority remains to keep our game as affordable and accessible as possible for all. We saw all areas of the club display great flexibility and agility in making significant changes to the way we operate. 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. Weve got one of the strongest balance sheets in the competition. Footy brings people together, it provides a sense of connection. 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. Professional football in Australia has not always been a high-money, high-stakes game. Bulldogs chief executive Ameet Bains said this and the mens team reaching the grand final had underpinned the strong financial results. Our people inside the Club and out refuse to bend, let alone be broken. 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.. Key items contributing to the financial outcome include: Whilst 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 Geelong Cats Chief Operating Officer Simon Kelleher said. 2017 Annual Report. The Port Adelaide Football Club has released the following statement regarding the club's 2020 financial result. Carltons new era has received a timely boost with the clubs balance sheet recording an impressive $1.28 million profit. Can the dogs of Chernobyl teach us new tricks when it comes to our own survival? Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Picture: AFL Photos, Dees' tall duo sets up big win, another injury worry for star Tiger. 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.