Resource 2021 Financials Thread

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The_Wookie

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Its coming up soon, so time for a new thread.

Most clubs will report between mid november and the end of the year. AFL reports will come out some time in March.

As always Im grateful to everyone here on Bigfooty and on my twitter feed who has had meaningful contributions in these threads over the last few years. Folks like RussellEbertHandball, Prince Imperial, dave10, Rob have been invaluable with their input over the years, others have assisted with obtaining annual reports in the early years, and still others have assisted with constructive criticism and great questions, particularly Kwality lol

This has always been a colloborative effort. If you see something that is incorrect, please let me know so I can fix it.

Previous Years threads:
Last years Annual Reports
Older Reports and associated Documents Post here.

Trackers

2021 Reports Table


2020 Reports Table


2019 Reports Table
 
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The_Wookie

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PAFC Statement – 2021 financial result

Tuesday 15th February 2022

The Port Adelaide Football Club has declared a record operating profit of $4,209,451 for the financial year ending 31 October 2021.

This result highlights the strength of the club’s current position and the positive momentum that continues to build on the back of the Chasing Greatness strategic agenda.

Highlights are;

Ø Statutory profit of $4,755,884 (2020; $4.0 million loss)

Ø 2021 financial result is an $8.796m turnaround on the 2020 result

Ø Profit from operating activities before depreciation $5,714,278 (2020; $278,806 net loss)

Ø $3.2 million in debt repaid

Ø Revenue up 24 per cent to $49.3 million

Ø Strong balance sheet underpinned by Total Equity of $14.9 million

Ø Football department fully funded

Ø Results achieved whilst securing approvals and funding for the $30m generational transformation of the Alberton Oval precinct.



The result was led by growth in operating revenues of $9.613m on 2020, across membership, partnerships, hospitality and gate receipts.

Operating costs were well managed in another uncertain COVID impacted year. The re-engineering of the club’s business model in 2020 contributed to the club’s significantly improved financial performance. Importantly, the club maintained its commitment to fully funding its football program.

Port Adelaide chairman David Koch believes it is a result which the entire club and its community can be proud of.

“The entire Port Adelaide Football Club community has contributed to this impressive result, achieved during such challenging times, and should be excited about what is ahead,” Mr Koch said.

“Rather than aspiring to be ‘debt free’ and ‘sustainable’, our goal is to build a financially powerful Port Adelaide. Financial strength will provide our teams at AFL, SANFL and AFLW level with the best opportunity to win, and at the same time ensure we give back and invest in our people and community.

“The foundation for this result was built on the decisive changes made in 2020 as we moved quickly to protect the club from the onset of COVID-19 which was the biggest financial threat in our club’s history.

“Thanks to the incredible support of our members, we achieved record membership and substantial merchandise sales across 2021.

“We have a team of commercial partners led by joint major partners GFG, MG and KFC, who are highly engaged and invested in the vision we are building at Port Adelaide. This partnership approach is critical to our growth into AFLW and the exciting facility re-development at Alberton Oval and will open up further opportunities for growth.

“The club also commenced a $30m transformation of our home at Alberton Oval which will ensure players, staff and members enjoy world class facilities for generations to come.

“On-field, we have an AFL playing list which we have high expectations of, including an exciting core group that we are confident of building an era of sustained success around.”

Mr Koch said the club has taken full advantage of the necessity to re-set its business model as a result of the financial impacts from COVID-19.

“Our priority remains investing in our football programs and transforming the facilities at Alberton for the benefit of our players, members and the community. Our objective to prudently repay debt is important as we also build the club’s financial capability.

“We will remain focused on our core business but also accelerate our thinking to revenue generating assets that will build the financial capability of the Port Adelaide Football Club long-term. The multi-million dollar investment in our home at Alberton Oval is a great example of this.

“The new social club facility (The Precinct at Alberton) is wholly owned by the football club. This venue not only provides a wonderful new home for our members and supporters to be proud of, it will be a significant revenue generating asset for our football club. Every dollar spent at ‘The Precinct’, whether that be in the retail store, for conventions and meetings or upstairs in the magnificent new hospitality area, remains inside the club. I’d like to personally thank the people who have contributed to this project and are helping us deliver this exciting project.

“The $30m Alberton Oval precinct re-development approval and funding, whilst not reflected in our financial result in 2021, is a major milestone for our club and we look forward to bringing that to life over the next 18 months.”

The Port Adelaide Football Club will hold its Annual General Meeting this Friday 18 February at 6.00pm.

The Annual General Meeting will be streamed live on the club’s website and will include presentations from Chairman David Koch and CEO Matthew Richardson and interviews with Senior Coach Ken Hinkley and Head of AFLW Juliet Haslam.

Port Adelaide CEO Matthew Richardson will be available for interview today at 1.00pm (SA time) at Alberton. Attending media are asked to gather in the front car park of the Allan Scott Headquarters, Brougham Place, Alberton.
 

Bjo187

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Sorry if this has been posted elsewhere, however, this came as a surprise to me considering losses for the 2021 season were double what they were for the previous year. 2020 was much more covid affected (ie, reduced season, less members, less crowds, more teams hubbing etc). Pretty poor result on the surface of things.

The AFL has today forwarded its 2021 financial results to the Presidents and Chairs of the 18 clubs, in the lead-up to next month’s Annual General Meeting.

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. This result includes the AFL’s controlled state subsidiaries, Marvel Stadium and Champion Data.

Total AFL Club membership reached an all-time record 1,113,441 members in 2021.

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.

The 1,113,441 number surpasses the record of 1,057,572 that was set in 2019. In a Covid-affected 2020, Club membership reached 992,854. The 2021 total is 12 per cent growth on 2020.

One in 23 Australians is a member of an AFL club.
-----
Key AFL financial summary:
The AFL’s revenue increased by $63.3 million to $738.1 million, due to increased broadcast revenue and improved commercial returns. This revenue assisted in covering the following costs:

  • $300.9 million to AFL clubs;
  • $29.5 million on the administration of the 2021 men’s and women’s 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 million in line with increased activity at Community level nationally through 2021;
  • $60.2 million to the AFLPA;
  • $18.5 million in running the NAB AFL Women’s competition;
  • $23.0 million to infrastructure comprising of elite and community facilities and contributions for stadia redevelopments; and
  • $0.9 million to corporate and social responsibility initiatives.
Operating expenditure decreased by $22.5 million. In 2020 and 2021, the AFL covered travel costs for teams impacted by state border restrictions. There were significantly less travel and accommodation costs in 2021 compared to 2020. The AFL reduced its operating cost base in 2020; these cost savings were maintained through 2021.

Distributions increased $117.0 million through increases in club and AFL Players Association distributions; these were reduced in 2020 to offset lower revenue and increased costs of running the men’s Toyota Premiership season and returned toward pre-COVID levels in 2021.

The 2021 result includes a commitment to the AFLPA for a share of revenues captured over the 2017-2021 seasons. 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. A payment is due to be made to the players’ retirement fund in May 2022.

The total payments to AFL Executives equated to $9.8 million, compared to $7.0 million in 2020, and $10.4 million in 2019.

After all revenue, operating expenditure and distributions, the AFL recorded an underlying operating loss of $43.0 million, compared to an underlying operating loss of $22.7 million in 2020.
 

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GWT6

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The AFL has pretty much given control of the fixture to the broadcasters, moving games back to accommodate shows like Better Homes and Gardens, then starting late so Channel Seven can get their "Stars" airtime before the game, exec's are getting paid a fortune, games are sold to the highest bidder and not guaranteed free to air, rich teams get the good timeslots that enables them to get richer. None of which makes it a better spectacle for the average fan.
All this is supposed to happen so that the AFL can use the revenue to put into developing the game, helping junior development and getting kids to play football.

Based on these figures, 7% of revenue went to development, and the year before was 4.7%.

The AFL does an amazing job of selling itself as being there for the fans and developing the game, but it's pretty clear that their only goal is to do whatever it takes to line the pockets of the execs and the elite players.
 

juss

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I'd imagine a heap more costs dealing with all the COVID related stuff and the requirements.
  • $29.5 million on the administration of the 2021 men’s and women’s season, including travel costs to relocate clubs impacted by state border restrictions and administer Covid-19 testing protocols;
What would that usually be?

Probably lost a heap in ticket and game day related revenue too, which would be a factor.

Not to mention, there's probably a lot of deals/events/sponsorships/revenue opportunities that they had to restructure those contracts which would have lost revenue.
 

Bjo187

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Surely they budgeted for covid interruptions and costs though. With revenue over 700 million to make a $40 million loss is pretty bad, but maybe I'm missing something. Travis Auld doing a great job again just like he did with setting up the gold coast.
 

The_Wookie

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The AFL has today forwarded its 2021 financial results to the Presidents and Chairs of the 18 clubs, in the lead-up to next month’s Annual General Meeting.

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. This result includes the AFL’s controlled state subsidiaries, Marvel Stadium and Champion Data.

In his review of the year, AFL Commission Chair Richard Goyder said the entire industry was collectively tested as it navigated through the on-going effects of the pandemic.

“If I could summarise our 2021 year in one word, that word would be resilience,” Mr Goyder said.

“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.

“The game’s collective unity and determination enabled us to withstand what some would say was an even bigger test than the year prior. Our football community, from our players, coaches and officials and our committed broadcast and corporate partners, all made the relevant sacrifices to ensure the health of the community was put first and we still delivered matches for the fans.

“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.

“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 Women’s Competition and the Toyota AFL Premiership Season.”

Total AFL Club membership reached an all-time record 1,113,441 members in 2021.

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.

The 1,113,441 number surpasses the record of 1,057,572 that was set in 2019. In a Covid-affected 2020, Club membership reached 992,854. The 2021 total is 12 per cent growth on 2020.

One in 23 Australians is a member of an AFL club.

Mr Goyder also thanked the respective governments and health officials for the integral role they played in assisting the AFL deliver footy to all fans across the country.

“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 support and 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. Despite the increase, 2021 revenue was $55.8 million less than 2019, reflecting the ongoing impact of covid restrictions nationally.

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. These expenses included extensive covid testing, additional travel and accommodation requirements and the setup of multiple high-performance centres to house travelling teams and families.

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.

“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. 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.

“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. This also included the additional precautions taken during travel and interstate stays to safeguard the players, clubs, and the community.

“Our balance sheet remains strong, and despite the significant cash cost required to deliver the AFL and AFLW seasons, the co-ordinated effort to reduce the industry cost base and protect revenues means the AFL was able to report a cash surplus for the financial year.

“This result will support the targeted investments in re-engaging with our fans to return to the game and participate in our sport at the grassroots levels, including funding towards community football facilities and to support the launch of the 18 team AFLW competition later this year.

“The focus remains on the rebuild and strengthening of the industry balance sheet that will enable future investment in the growth and development of our game from grassroots through to the elite platforms.

“We have survived the most challenging two years in the game’s 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.

“Footy brings people together, it provides a sense of connection. The covid overlay hasn’t 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 AFL’s revenue increased by $63.3 million to $738.1 million, due to increased broadcast revenue and improved commercial returns. This revenue assisted in covering the following costs:

  • $300.9 million to AFL clubs;
  • $29.5 million on the administration of the 2021 men’s and women’s 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 million in line with increased activity at Community level nationally through 2021;
  • $60.2 million to the AFLPA;
  • $18.5 million in running the NAB AFL Women’s competition;
  • $23.0 million to infrastructure comprising of elite and community facilities and contributions for stadia redevelopments; and
  • $0.9 million to corporate and social responsibility initiatives.
Operating expenditure decreased by $22.5 million. In 2020 and 2021, the AFL covered travel costs for teams impacted by state border restrictions. There were significantly less travel and accommodation costs in 2021 compared to 2020. The AFL reduced its operating cost base in 2020; these cost savings were maintained through 2021.

Distributions increased $117.0 million through increases in club and AFL Players Association distributions; these were reduced in 2020 to offset lower revenue and increased costs of running the men’s Toyota Premiership season and returned toward pre-COVID levels in 2021.

The 2021 result includes a commitment to the AFLPA for a share of revenues captured over the 2017-2021 seasons. 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. A payment is due to be made to the players’ retirement fund in May 2022.

The total payments to AFL Executives equated to $9.8 million, compared to $7.0 million in 2020, and $10.4 million in 2019.

After all revenue, operating expenditure and distributions, the AFL recorded an underlying operating loss of $43.0 million, compared to an underlying operating loss of $22.7 million in 2020.
 

Rob

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I'd imagine a heap more costs dealing with all the COVID related stuff and the requirements.
  • $29.5 million on the administration of the 2021 men’s and women’s season, including travel costs to relocate clubs impacted by state border restrictions and administer Covid-19 testing protocols;
What would that usually be?

Probably lost a heap in ticket and game day related revenue too, which would be a factor.

Not to mention, there's probably a lot of deals/events/sponsorships/revenue opportunities that they had to restructure those contracts which would have lost revenue.

I assume they had to refund AFL members, but outside that I don't think the AFL takes anything from the gate outside of finals.

$20m on running the AFLW seems excessive for such a short comp as well given player salaries are covered by the clubs.
 

Aussie in exile

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Sorry if this has been posted elsewhere, however, this came as a surprise to me considering losses for the 2021 season were double what they were for the previous year. 2020 was much more covid affected (ie, reduced season, less members, less crowds, more teams hubbing etc). Pretty poor result on the surface of things.

The AFL has today forwarded its 2021 financial results to the Presidents and Chairs of the 18 clubs, in the lead-up to next month’s Annual General Meeting.

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. This result includes the AFL’s controlled state subsidiaries, Marvel Stadium and Champion Data.

Total AFL Club membership reached an all-time record 1,113,441 members in 2021.

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.

The 1,113,441 number surpasses the record of 1,057,572 that was set in 2019. In a Covid-affected 2020, Club membership reached 992,854. The 2021 total is 12 per cent growth on 2020.

One in 23 Australians is a member of an AFL club.
-----
Key AFL financial summary:
The AFL’s revenue increased by $63.3 million to $738.1 million, due to increased broadcast revenue and improved commercial returns. This revenue assisted in covering the following costs:

  • $300.9 million to AFL clubs;
  • $29.5 million on the administration of the 2021 men’s and women’s 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 million in line with increased activity at Community level nationally through 2021;
  • $60.2 million to the AFLPA;
  • $18.5 million in running the NAB AFL Women’s competition;
  • $23.0 million to infrastructure comprising of elite and community facilities and contributions for stadia redevelopments; and
  • $0.9 million to corporate and social responsibility initiatives.
Operating expenditure decreased by $22.5 million. In 2020 and 2021, the AFL covered travel costs for teams impacted by state border restrictions. There were significantly less travel and accommodation costs in 2021 compared to 2020. The AFL reduced its operating cost base in 2020; these cost savings were maintained through 2021.

Distributions increased $117.0 million through increases in club and AFL Players Association distributions; these were reduced in 2020 to offset lower revenue and increased costs of running the men’s Toyota Premiership season and returned toward pre-COVID levels in 2021.

The 2021 result includes a commitment to the AFLPA for a share of revenues captured over the 2017-2021 seasons. 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. A payment is due to be made to the players’ retirement fund in May 2022.

The total payments to AFL Executives equated to $9.8 million, compared to $7.0 million in 2020, and $10.4 million in 2019.

After all revenue, operating expenditure and distributions, the AFL recorded an underlying operating loss of $43.0 million, compared to an underlying operating loss of $22.7 million in 2020.
Wow, I'm stunned. I didn't see that coming
 

HairyO

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I assume they had to refund AFL members, but outside that I don't think the AFL takes anything from the gate outside of finals.

$20m on running the AFLW seems excessive for such a short comp as well given player salaries are covered by the clubs.

2 different comps. More chance for execs to get paid heaps.
 

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Teen Wolf

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$20m on running the AFLW seems excessive for such a short comp as well given player salaries are covered by the clubs.
TPP is not covered by the clubs.

Surely they budgeted for covid interruptions and costs though. With revenue over 700 million to make a $40 million loss is pretty bad, but maybe I'm missing something. Travis Auld doing a great job again just like he did with setting up the gold coast.
Yes the point you're missing is the AFL can absorb a rainy day loss of $40m.

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.

“Our balance sheet remains strong, and despite the significant cash cost required to deliver the AFL and AFLW seasons, the co-ordinated effort to reduce the industry cost base and protect revenues means the AFL was able to report a cash surplus for the financial year.
 

jatz14

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Surely they budgeted for covid interruptions and costs though. With revenue over 700 million to make a $40 million loss is pretty bad, but maybe I'm missing something. Travis Auld doing a great job again just like he did with setting up the gold coast.
A lot of their costs are fixed though. A lot of expenditure cannot be cut by 10% just because your expecting a poor year. Which means that the more discretionary expenditure has to drop by a lot more to make up. At some point they would need to say, its better to wear the cost than cut more. Remember, its not a for profit, they dont have shareholders expecting a dividend or rising share prices, so its much easier for the execs at AFL to accept a loss in a bad year. Its if they get several more bad years that it really becomes a big problem.
 

Aussie in exile

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A lot of their costs are fixed though. A lot of expenditure cannot be cut by 10% just because your expecting a poor year. Which means that the more discretionary expenditure has to drop by a lot more to make up. At some point they would need to say, its better to wear the cost than cut more. Remember, its not a for profit, they dont have shareholders expecting a dividend or rising share prices, so its much easier for the execs at AFL to accept a loss in a bad year. Its if they get several more bad years that it really becomes a big problem.
I'm guessing the immediate future is to keep running with the debt or make cut backs, but with winter approaching will there be another surge in Covid cases or perhaps even another variant?I and if there is another surge in cases in my opinion there will be reduced crowd numbers at grounds and even perhaps travelling restrictions, and obviously another financial hit for the AFL and clubs.
Long term we will pull through, but in the short term there are lots of bumps in the road.
 

Bjo187

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wookie interested to hear your thoughts on the AFL's financial results for 2021 being an expert in this space? I thought they'd make a small profit this year after only losing 20 mill last year in a much more compromised season. Interested to hear how the NRL did as their season was actually more affected than in 2020.
 

The_Wookie

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wookie interested to hear your thoughts on the AFL's financial results for 2021 being an expert in this space? I thought they'd make a small profit this year after only losing 20 mill last year in a much more compromised season. Interested to hear how the NRL did as their season was actually more affected than in 2020.

I reserve comments until the actual annual reports are sighted,.
 

jatz14

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I'm guessing the immediate future is to keep running with the debt or make cut backs, but with winter approaching will there be another surge in Covid cases or perhaps even another variant?I and if there is another surge in cases in my opinion there will be reduced crowd numbers at grounds and even perhaps travelling restrictions, and obviously another financial hit for the AFL and clubs.
Long term we will pull through, but in the short term there are lots of bumps in the road.
Its how sports leagues get in trouble, ride through a bad year in expectation of bounce back, and just get more bad years. But cutting to such a degree you compromise your league is also not good. It isnt always gravy train being an exec or CEO, they do get some thorny issues to deal with.
 

Bjo187

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Its how sports leagues get in trouble, ride through a bad year in expectation of bounce back, and just get more bad years. But cutting to such a degree you compromise your league is also not good. It isnt always gravy train being an exec or CEO, they do get some thorny issues to deal with.
They did ensure they gave themselves a pay rise though which is a fair effort in a year where they have overseen a 40 million dollar loss.
 

Rob

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TPP is not covered by the clubs.
What exactly do you mean by this? Are you saying AFLW salaries are paid directly by the AFL? Or that the league distribution to clubs that operate an AFLW team covers player salaries?
Because if it's the latter, it would be included under AFL distributions to clubs and not as an AFLW administration expense.
 

Teen Wolf

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What exactly do you mean by this? Are you saying AFLW salaries are paid directly by the AFL? Or that the league distribution to clubs that operate an AFLW team covers player salaries?
Because if it's the latter, it would be included under AFL distributions to clubs and not as an AFLW administration expense.
I'm willing to bet the distribution figure of $300.9m to the clubs throughout the 2021 season includes (but not limited to) AFLW, travel subsidies, prizemoney, AFL membership-related distributions, AFL commercial partner payments, AFL-facilitated stadium payments and licensing distributions.

They've also specifically mentioned the $18.5m for AFLW because people want to know how much it costs, but at least $12m* of that (including $8.7m for player salaries) is actually part of the $300.9m figure.

*One club (a fairly typical club, I believe) gave a breakdown of its AFL distributions and stated AFLW funding came to $883,030 (which included $619,116 for player salaries) and I've just multiplied that by 14 (the number of AFLW teams) to get to $12m.
 

Rob

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I'm willing to bet the distribution figure of $300.9m to the clubs throughout the 2021 season includes (but not limited to) AFLW, travel subsidies, prizemoney, AFL membership-related distributions, AFL commercial partner payments, AFL-facilitated stadium payments and licensing distributions.

They've also specifically mentioned the $18.5m for AFLW because people want to know how much it costs, but at least $12m* of that (including $8.7m for player salaries) is actually part of the $300.9m figure.

*One club (a fairly typical club, I believe) gave a breakdown of its AFL distributions and stated AFLW funding came to $883,030 (which included $619,116 for player salaries) and I've just multiplied that by 14 (the number of AFLW teams) to get to $12m.

Ah, you reckon they've double counted it? Fair enough.

It does make a lot more sense if that's the case, because $20m in admin costs seemed ridiculous.
 

The_Wookie

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What exactly do you mean by this? Are you saying AFLW salaries are paid directly by the AFL? Or that the league distribution to clubs that operate an AFLW team covers player salaries?
Because if it's the latter, it would be included under AFL distributions to clubs and not as an AFLW administration expense.

TPP has never been completely covered by the base AFL distribution. Closest it came was last year.

The league does contribute to club AFLW costs as part of its additional distro. - North reported nearly 900k in AFL funding for AFLW

tppdistro.png
 

Prince Imperial

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Congratulations to Simon Garlick for making a financial report available to the club's members for the first time and for saving the Wookie $42!


Another very good club result for 2021 too.
 
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