Club Mgmt. 2020 Annual Report: Profit of $1.2m, operating cash loss of $600k

[Lore]

The headline includes donations and the cash the state government tipped in for our facilities upgrade/expansion.

$20m in lost revenue and $17.7m in associated cuts to expenditure.

https://resources.essendonfc.com.au/aflc-ess/document/2020/11/23/a395df3f-c3c4-4f8b-ac91-592429cfb8ca/EFCAnnualReport2020.pdf

 

[The Devils Advocate]

How much from pokies?

 

[Godzke]

How much from pokies?

doesn't say but i imagine it would be captured under "venues revenue - other" which was $3.15m vs $7.95m FY19

 

[Ati Tude]

Without having given it much thought, I probably assumed the result would be much worse than this. I guess the AFL bore the brunt of the loss and will have paid all the hub costs. Stringer's snack food bill alone would have been a problem. Query if that impacts distributions to clubs.

 

[The Donners]

Forgive my ignorance, please tell me how much the players salaries were reduced?

 

[Lore]

Forgive my ignorance, please tell me how much the players salaries were reduced?

Players salaries are paid by the AFL and were reduced according to the agreements between the AFL and AFLPA.

From memory like 30% for 2020 when the season shutdown started.

3.5% in 2021 for those who were already contracted before covid but who are not contracted beyond 2021.

8.5% in 2021 for players contracted before covid and beyond 2021, but they can recoup 5% of the lost amount on later years of their contracts.

For those on new contracts it depends what’s in the contract.

 

[The Donners]

Players salaries are paid by the AFL and were reduced according to the agreements between the AFL and AFLPA.

From memory like 30% for 2020 when the season shutdown started.

3.5% in 2021 for those who were already contracted before covid but who are not contracted beyond 2021.

8.5% in 2021 for players contracted before covid and beyond 2021, but they can recoup 5% of the lost amount on later years of their contracts.

For those on new contracts it depends what’s in the contract.

Thanks Lore.