I'm a proud Tiger.
Other clubs figures released yet?
Wouldn't mind seeing a profit ladder.
Good points well made. I just want those bragging rights and I'll take any ladder that has us in the top halfA few have. On the bottom line, we've done better than some, worse than others.
Frankly it'll be pretty meaningless this year (and next, and ....?) due to the multitude of unusual factors.
A lot of the real info doesn't really come through on the financials though....I think it'll be more about just how hard the various clubs needed to cut, and how sustainable those cuts will be than what the final 'profit' figure was for one year.
Those investment funds will likely stay in the top draw as it will become security for future borrowings , we won’t be spending all our cashola when money is this cheap to lendJust a guess, but as you say, we had the cash to pay for those things ourselves.
I'd speculate that we were cashed up for further investments, presumably in Aligned Leisure, and when things went pear shaped, we put that cash into relatively safe short/medium term investments to park it until the time was right to buy/expand/invest as we'd intended...while also retaining the flexibility to adapt to a very fluid situation and put the money into our core activities if required..
Geez I’m proud to be a Richmond supporter, always have been but when you look at what we set out to achieve 10 years ago and with sh.t hitting the fan this year but us still being able to move forward it shows we’re a great organisation.
Put that alongside the fact we’ve had real success last four years and with the salary cap being reduced we still haven’t lost any of the best 22 for a better offer.
That includes Higgins, thereabouts best 22 but I’m not sure he would have gone to any other club than the one he grew up barracking for.
How much did we get for winning the premiership?
Usually it's a mill isn't it?
While it's good to make a profit, there are still lots of things to work through.
Jobkeeper looks like it contributed to a lot of it.
also helps having 100,000 members whom most would have pledged the membership.
North broke even and I think another club also broke even.
will be interesting to see how all clubs fared.
Are you sure?$1mill split over the 8 finalists, now $500k
Nah, you're right....my badAre you sure?
This year's AFL premiers will take home considerably less prize-money because of the COVID-19 crisis.
The AFL said the money on offer was being reduced "to best reflect the current circumstances across the competition".
Before the pandemic, the 2020 premiers were set to take home $1.2 million in bonus payments, with $660,000 put aside for the runners-up.
The jobkeeper part is interesting.
We booked 10.8M from it, but Essendon 'only' got around like 4.5M from 'government assistance'.
I doubt Essendon (and the AFL) are so incompetent that they miss over $6m that was on the table for them, so I assume a very big chunk of that was related to Aligned Leisure.
so what profit would we have made do you think if it was not covoid and we want the big dance
So five more asterixs on our gifted flags - noice.Read About It
Richmond Football Club has announced an operating profit of $217,727 for the financial year ended 31 October.
Total revenue for the year was $74 million which represented a 20% decrease year-on-year.
Richmond President Peggy O’Neal said it had been a challenging year on and off the field in 2020.
“Club revenues were severely impacted by COVID,” O’Neal said.
“Most significant was the loss of gate receipt revenue and the reduction in AFL club distributions. Our subsidiary business – Aligned Leisure – was also impacted with its health and recreation facilities closed for large periods during the year,” O’Neal said.
“Unfortunately, the impact of COVID meant we had to restructure the Club, resulting in many redundancies. These were heart-breaking decisions. We wish each of those staff members the very best for the future and thank them for being an important part of our Club.
“Of course, it was the magnificent Tiger Army that was the cornerstone of the Club’s ability to withstand the financial impact of COVID. Our final membership number of 101,174 was simply remarkable and a tribute to their commitment and loyalty.
“Our sponsors have also stood firm with us during this most difficult of years. The willingness of our partners to work with the Club, to be flexible and innovative, has been the key to delivering shared value. We look forward to these partnerships flourishing long into the future.”
O’Neal said it was also important to recognize the important role the Richmond Institute has played to help fulfil the Board’s commitment to diversifying revenue streams.
“The Institute is a unique and innovative education offering that has expanded to regional Victoria. Its students numbered 316 this year, representing growth of 59% year-on-year,” O’Neal said.
“Richmond also remains fully invested in its social impact programming – it is at the heart of our purpose as a football club.
“The Korin Gamadji Institute, the Bachar Houli Foundation and our preferred charity partnership with the Alannah and Madeline Foundation are central to much of that work. It was a difficult year for these programs and partnerships as well, but they continued to find ways to reach young people and to improve lives. “