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http://carltonfc.com.au/cp2/c2/webi/article/249518ah.pdf
Press release
Press release
Carlton Football Club and Social Club, although announcing an overall loss has achieved the financial targets set for 2005.
“The Club has a business model prepared by independent experts in 2004 that involves a three year financial strategy to return the Club to a cash neutral position by the end of 2007. The 2005 results for the Club, the first year of this three year strategy, are in line with the targets that were set,” announced Carlton President, Mr Ian Collins AM.
“The relocation of Carlton’s home games was a key in the Club achieving these targets in 2005. Without re-locating our home games our forecasts indicated we would have exceeded the financial facility available to the Club during by a significant amount 2005 and while our cash flow improved in 2005 – our position is still precarious,” added Mr Collins AM.
Last year the Club stated that the level of debt and cash flow were a problem and as a result of our poor on-field performance in 2005 Carlton has been very conservative in planning for 2006 but its cash flow position remains precarious.
“Our debt levels are relatively close to our financial facilities limit,” said Mr Collins AM.
The Carlton Football Club announced a net profit of $188,519, a marked improvement on the loss of $2.157million in 2004. The Football Club revenue increased by $3.462million in 2005 to $19.795million while expenses increased by $1.116million to $19.606million.
A number of key issues contributed to the Football Club’s improved financial results:
•Strong sponsorship position highlighted by:
Joint major sponsors in Optus and Dan Murphy’s
New short sponsor - K&S Freighters
Introduction of the Inner Blue Coach’s sponsorship group
•Wizard Cup Premiership
•Record Membership of 33,535
•Attendances at home games increased by 14%
The Carlton Cricket & Football Social Club announced a net loss of $1,117,526.
A number of key issues contributed to this financial performance:
•Holding and maintenance costs of the venue.
•Settlement of existing contracts and loss of catering rights income.
•Preparation of financial and legal submissions in relation to the Australian Taxation Office review
“We have maintained our sponsorship levels with both Optus and Dan Murphy’s continuing, along with K&S Freighters and we are confident of announcing a new coach’s sponsorship very soon and this is in addition to the Inner Blue Coach’s sponsorship group that is also continuing in 2006.
“While our cash position remains extremely tight, 2005 was a marked improvement for Carlton and in line with year one of our three year strategy,” Mr Collins AM added.
“The Club has a business model prepared by independent experts in 2004 that involves a three year financial strategy to return the Club to a cash neutral position by the end of 2007. The 2005 results for the Club, the first year of this three year strategy, are in line with the targets that were set,” announced Carlton President, Mr Ian Collins AM.
“The relocation of Carlton’s home games was a key in the Club achieving these targets in 2005. Without re-locating our home games our forecasts indicated we would have exceeded the financial facility available to the Club during by a significant amount 2005 and while our cash flow improved in 2005 – our position is still precarious,” added Mr Collins AM.
Last year the Club stated that the level of debt and cash flow were a problem and as a result of our poor on-field performance in 2005 Carlton has been very conservative in planning for 2006 but its cash flow position remains precarious.
“Our debt levels are relatively close to our financial facilities limit,” said Mr Collins AM.
The Carlton Football Club announced a net profit of $188,519, a marked improvement on the loss of $2.157million in 2004. The Football Club revenue increased by $3.462million in 2005 to $19.795million while expenses increased by $1.116million to $19.606million.
A number of key issues contributed to the Football Club’s improved financial results:
•Strong sponsorship position highlighted by:
Joint major sponsors in Optus and Dan Murphy’s
New short sponsor - K&S Freighters
Introduction of the Inner Blue Coach’s sponsorship group
•Wizard Cup Premiership
•Record Membership of 33,535
•Attendances at home games increased by 14%
The Carlton Cricket & Football Social Club announced a net loss of $1,117,526.
A number of key issues contributed to this financial performance:
•Holding and maintenance costs of the venue.
•Settlement of existing contracts and loss of catering rights income.
•Preparation of financial and legal submissions in relation to the Australian Taxation Office review
“We have maintained our sponsorship levels with both Optus and Dan Murphy’s continuing, along with K&S Freighters and we are confident of announcing a new coach’s sponsorship very soon and this is in addition to the Inner Blue Coach’s sponsorship group that is also continuing in 2006.
“While our cash position remains extremely tight, 2005 was a marked improvement for Carlton and in line with year one of our three year strategy,” Mr Collins AM added.

