And just to confirm, the "loss" is a loss of revenue.
Notwithstanding the costs of hubs, the league and clubs this year would also have had a massive reduction in expenditure with much staff stood down and / or on job keeper. Apparently only 1% of members asked for refunds and we know at least two minnows (melbourne and north) are briefing journos that they aren't accessing it at all
Make no mistake, this is as much an opportunistic reset as anything else.
AFL chops Wood after revenue slump
A massive loss of up to $400 million in revenue this year has led to the AFL wielding the axe and jettisoning senior staff, including the league's salary cap policeman Ken Wood.www.theage.com.au
All told, the clubs and the AFL will lose $300 million-$400 million from their forecast $1.2 billion revenue this year – a reduction of between a quarter and a third.
Those cuts are in line with a projected further loss of revenue next year, when the AFL is prepared to lose at least 20 per cent more revenue, even assuming a 22-game home-and-away season as per usual.
Notwithstanding the costs of hubs, the league and clubs this year would also have had a massive reduction in expenditure with much staff stood down and / or on job keeper. Apparently only 1% of members asked for refunds and we know at least two minnows (melbourne and north) are briefing journos that they aren't accessing it at all
Make no mistake, this is as much an opportunistic reset as anything else.