Finances looking better

[Danni]

For those of you that don't get the Courier Mail - this is part of what was on today's Sports Page

On-field success reflected in books.


In a major turnaround of financial fortunes for the Brisbane Lions, the AFL premiers anticipate reporting a $1.25 million profit for the 2001-02 year.

The figure is inflated by a $300,000 distribution from the AFL for the Lions' share of funds from the sale of Waverley Park.

But it's still a stunning U-turn on last year's $845,000 loss in the club's first premiership year.

The Lions are not due to formalise club accounts until the annual general meeting on February 24 but the fact chairman Graeme Downie made the announcement suggests the profit figure released will be close to the mark

 

[lioness]

That's excellent news. YAY.

 

[Vidman]

Originally posted by Danni

In a major turnaround of financial fortunes for the Brisbane Lions, the AFL premiers anticipate reporting a $1.25 million profit for the 2001-02 year.

The figure is inflated by a $300,000 distribution from the AFL for the Lions' share of funds from the sale of Waverley Park.

But it's still a stunning U-turn on last year's $845,000 loss in the club's first premiership year.

that is an amazing result! Especially as we were expecting to lose about $500k!! Anyone know what the big turnaround was? We had a similar number of members, and i would have thought a wage bill. Maybe all that memorabillia i bought!

 

[FattyLumpkin]

How does this 1.25mill profit sit with the recent membership/season ticket price increase??? Any teeth gnashing??

Fatty

 

[Vidman]

Originally posted by FattyLumpkin
How does this 1.25mill profit sit with the recent membership/season ticket price increase??? Any teeth gnashing??

Fatty

Well i was fine with it until you mentioned it!! Oh well better a profitable long term finacially healthy club than saving a couple of dollars on membership.

 

[joshhem]

whooba!!!!

 

[Danni]

Originally posted by Beausgirl43

All they need to do now is get the social club up and running at a profit.

cheers ... Kaz

OH a Social Club overlooking the magnificent Gabba Grounds that is something a lot of Clubs would give their right hand for?

Don't be silly...............We'll probably end up with a room attached to the Greenbank RSL the way we are going!

 

[Slax]

Great news for the club and also for the QAFL. Obviously the gospel is spreading up there.

 

[one_eyed_Lion]

 

[joshhem]

Bump


https://s.afl.com.au/staticfile/AFL Tenant/BrisbaneLions/Documents/190327_2019_Financial_Report_digital.pdf

A nice $650K profit this year to go with our great on field turnaround. (+$878K vs 2018)
Considering we should expect higher revenue from sponsorships, memberships etc in 2020 and low rental expenses from 2021/22 onward, the ship is turning. Credit to the board and the club leadership.

 

[Dalions]

Bump


https://s.afl.com.au/staticfile/AFL Tenant/BrisbaneLions/Documents/190327_2019_Financial_Report_digital.pdf

A nice $650K profit this year to go with our great on field turnaround. (+$878K vs 2018)
Considering we should expect higher revenue from sponsorships, memberships etc in 2020 and low rental expenses from 2021/22 onward, the ship is turning. Credit to the board and the club leadership.

And the coaching and playing group.
To entice more through the door.

 

[Mr Ripper]

Jeez, talk about giving someone palpitations.

 

[Maroon Monsoon]

While it's only a small proportion of total revenue, great to see that membership and ticket sales were up by more than a third to $8.2m. Hopefully the strong attendance numbers can pick up where they left off last year and we can have another bump in 2020

 

[luthor]

Jeez, talk about giving someone palpitations.

I thought I must have just woken up from an extended Rip van Winkle slumber.

The AFL Premiers......what the HEY?

What year is this?????

Oh..................2002