News 2019 financial results (revenue $72.5m, profit $3.8m)

[barrackers]

Our 2019 financial results have been released. Not surprisingly despite being "able to find new revenue streams" our revenue was down $9.5 million following the sale of our gambling venues. Also some selective highlighting of our crowd figures; 2018 seen or home & away attendances listed, 2019 just our home attendances. Our away figures were down from 51,245 (2018) to 50,812 (2019).

AFL Tables - Collingwood - Crowds

afltables.com

Support from Magpie Army delivers strong financial result

Collingwood chief executive officer, Mark Anderson, has described the club’s strong financial performance in 2019 as one driven by outstanding membership and match day support

www.collingwoodfc.com.au

Club comments:

“A number of ingredients are in the result, such as the AFL team finishing in the top four, excellent corporate support from the likes of our major partners Emirates Airline, CGU, Holden and La Trobe Financial and a tight control on expenditure,” Anderson said.

“And in keeping with our strategic exit from gaming twelve months ago we were able to find new revenue streams but much of the result is attributable to the support of the Collingwood faithful.

““We hear the voice of our members and fans on match day and know they count for something but when they turn out in big numbers, and belong as members, they also count for so much. Our financial performance in 2019 is proof of this.

“It is not a cliché to say that Collingwood’s robust financial health has been built on, and continues to build on, the support of the people who so passionately follow the club.”

Anderson said the result would enable Collingwood to continue in 2020 to invest in four key areas: high performance, fans, facilities and the club’s responsibilities to the wider community.

“We must continue to provide our athletes with elite facilities and programs in order to chase excellence on and off the fields and courts our many teams play on. We are a diverse, modern sports organisation of seven teams housing male and female football, wheelchair football and netball.

“We have had prioritised the connection between our fans, players and staff and we want to use the power of sport to make a difference in the community.

“We announced this year the Victoria Sport medical and sports research centre in partnership with Monash University and we intend to continue to find vital housing and support for Melbourne’s homeless through the Magpie Nest program.

“The 2019 financial result, and more like it, are required to turn ambitions into outcomes and we know that if we realise those ambitions Collingwood people, all of them, will continue to be proud of what we are creating together.”

2019 Figures:
*Total club revenue of $72,558,512
*Net profit of $3,875,111
*Membership figure of 85,226 (75,736 in 2018)
*Average Home attendance for the year of 58,975 (49,898 in 2018)
*Collingwood’s net asset position is $44,723,579

2018 financial result

The Collingwood Football Club has announced an operating profit before depreciation and amortisation of $4,174,492 for the 2018 financial year.

www.collingwoodfc.com.au

2018 Figures:
*Total club revenue of $82,074,011 (2017 - $77,736,469)
*Operating profit before depreciation of $4,174,492 (2017 - $1,545,562)
*Total depreciation of $4,062,440 (2017 - $4,278,186)
*Net Operating Profit of $112,052 (2017 – loss of $2,732,624)
*Membership figure of 75,736
*Collingwood’s net asset position is $32,690,470 (2017 - $32,578,418)
*Average Home & Away attendance for the year of 50,572

 

[Phil Inn]

How did our net asset position go up by 12 million with a net profit of under 4?

 

[barrackers]

How did our net asset position go up by 12 million with a net profit of under 4?

Land, shares, other non-cash assets going up in paper value? Gambling ops netting a higher price after we'd deprecated the heck out of them? $8 million is a heap to extra though.

 

[Fratbrat]

Take advantage, one more flag and we are the most successful club ever.

 

[HFF]

Good to be in the black consistently

 

[Nuwanda]

It would be good to know where the free cashflow will be heading.

 

[AmericanMustard]

Great. Does it say when our next premiership is coming in that report?

 

[MagpieJoel]

No whinging about the profit this year?

 

[Black_White]

No whinging about the profit this year?

Down almost $10 million.
Disgraceful really.

 

[MagpieJoel]

Down almost $10 million.
Disgraceful really.

Revenue, not profit.

 

[Markfs]

For those people who insist on calling us the biggest club, they should have a look at the west coast results. It's an unfair comparison in some ways but the reality is the coasters are giving money away, they have so much...

 

[legendstatus]

How’s the making them bigger ??? 2 team state with more options. Pretty dumb comment TBH


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[Chief Ten Beers]

Most successful club in the AFL.

Off field.....