News Tiger Army, record sponsorship key to 2019 financial result

[Punt rd end]

Record membership, record sponsorship and record crowds have been the cornerstone of Richmond’s $4.1 million profit for the year ending October 31.
The Club generated total revenue of $92.6 million, a 16% increase year-on-year.
“This is another strong result and clearly our on-field success and loyal fans have underpinned this number,” Richmond President Peggy O’Neal said.
“Our football teams performed brilliantly and our fans gave them magnificent support - collectively it has put the Club in the most financially-stable position in its history.
“We also enjoy wonderful corporate support, particularly from our joint major partners Jeep and nib.
“Our subsidiary businesses Aligned Leisure and the Richmond Institute of Sports Leadership continue to grow and strengthen the overall financial health of our business.
“A clear vision for the business and high-quality management is also a pre-requisite if these results are to be delivered and I would like to take this opportunity to thank the Board, our CEO Brendon Gale, his management team and the staff for all their hard work.
The Club is debt free with cash reserves of $24.4 million.
“Importantly, we have achieved all this while playing a meaningful role in the broader community. Creating social value goes to the heart of who we are as a Club,” O’Neal said.
“The Korin Gamadji Institute (KGI) continues to empower young Indigenous people while the Bachar Houli Foundation has now been formally established, and will be embedded as part of the Club’s community program, cementing the legacy of a great Australian.
“Just under $300,000 has been raised this year for our preferred charity partner the Alannah and Madeline Foundation thanks to the wonderful support of our fans.”
Highlights
• Richmond’s official membership number of 103,358 was another Club record and represented growth of 2.6% year-on-year.
• The Club attracted average home crowds of 59,987 – the highest in the AFL for the third year running.
• The Club attracted total home and away and finals attendance of 1.35 million (AFL #2)
• Our marquee matches again delivered excellent attendances.
Season Opener v Carlton 85,016
Dreamtime at the 'G 80,176
Anzac Eve 72,704
• Six of the 10 biggest games of the season featured Richmond.
• Richmond’s total TV audience across home and away and finals was 20.46 million (AFL#1)
2019
Concise Financial Report

 

[Punt rd end]

Cash reserves of $24.4 million

 

[JAKLAUGHING]

Cash reserves of $24.4 million

Bank of Richmond

 

[JazMac]

View attachment 779948

Record membership, record sponsorship and record crowds have been the cornerstone of Richmond’s $4.1 million profit for the year ending October 31.
The Club generated total revenue of $92.6 million, a 16% increase year-on-year.

Highlights
• Richmond’s official membership number of 103,358 was another Club record and represented growth of 2.6% year-on-year.
• The Club attracted average home crowds of 59,987 – the highest in the AFL for the third year running.
• The Club attracted total home and away and finals attendance of 1.35 million (AFL #2)
• Our marquee matches again delivered excellent attendances.
Season Opener v Carlton 85,016
Dreamtime at the 'G 80,176
Anzac Eve 72,704
• Six of the 10 biggest games of the season featured Richmond.
• Richmond’s total TV audience across home and away and finals was 20.46 million (AFL#1)
2019
Concise Financial Report

Congrats to the whole club. Some years ago there was some who advocated that the club should focus on optimisation rather than growing the membership base (ie change members more even if that meant that the membership numbers did not grow). Others argued that growing the membership base would get bigger attendances and bigger viewership which in turn would lead to bigger sponsorship dollars, bigger merchandising sales. More supporters and members in turn lead to more youngsters and others getting on board the Tiggy train - and even more growth. Whichever way the club et al viewed it, they have done brilliantly.. Even won a couple of premierships while they were at it.

 

[Charlie Pannam]

Awesome to see those figures but they mean zilch without the silverware
That’s right we have both $$

Great work by Peggy and Benny they’ll be remembered in Tiger history as the architects of this amazing turnaround

 

[Drofder]

Biggest and best.

 

[rmcq]

Gaming $1m profit. Time to dump the pokies.

 

[CaptchaProofBot]

View attachment 779948

Record membership, record sponsorship and record crowds have been the cornerstone of Richmond’s $4.1 million profit for the year ending October 31.
The Club generated total revenue of $92.6 million, a 16% increase year-on-year.
“This is another strong result and clearly our on-field success and loyal fans have underpinned this number,” Richmond President Peggy O’Neal said.
“Our football teams performed brilliantly and our fans gave them magnificent support - collectively it has put the Club in the most financially-stable position in its history.
“We also enjoy wonderful corporate support, particularly from our joint major partners Jeep and nib.
“Our subsidiary businesses Aligned Leisure and the Richmond Institute of Sports Leadership continue to grow and strengthen the overall financial health of our business.
“A clear vision for the business and high-quality management is also a pre-requisite if these results are to be delivered and I would like to take this opportunity to thank the Board, our CEO Brendon Gale, his management team and the staff for all their hard work.
The Club is debt free with cash reserves of $24.4 million.
“Importantly, we have achieved all this while playing a meaningful role in the broader community. Creating social value goes to the heart of who we are as a Club,” O’Neal said.
“The Korin Gamadji Institute (KGI) continues to empower young Indigenous people while the Bachar Houli Foundation has now been formally established, and will be embedded as part of the Club’s community program, cementing the legacy of a great Australian.
“Just under $300,000 has been raised this year for our preferred charity partner the Alannah and Madeline Foundation thanks to the wonderful support of our fans.”
Highlights
• Richmond’s official membership number of 103,358 was another Club record and represented growth of 2.6% year-on-year.
• The Club attracted average home crowds of 59,987 – the highest in the AFL for the third year running.
• The Club attracted total home and away and finals attendance of 1.35 million (AFL #2)
• Our marquee matches again delivered excellent attendances.
Season Opener v Carlton 85,016
Dreamtime at the 'G 80,176
Anzac Eve 72,704
• Six of the 10 biggest games of the season featured Richmond.
• Richmond’s total TV audience across home and away and finals was 20.46 million (AFL#1)
2019
Concise Financial Report

• Richmond’s total TV audience across home and away and finals was 20.46 million (AFL#1)

and that's with Todd Elton NOT holding a regular spot !!! (0 games in 2019 to be exact)

 

[A Banderas]

its good to be the king

 

[Al Heimer]

What did we get as 'prize money' for winning the flag, $1m?

On SM-J250F using BigFooty.com mobile app

 

[A Banderas]

we should buy all the pubs on swanstreet so that oppo fans have to give us all their money best

 

[Chunky09]

we should buy all the pubs on swanstreet so that oppo fans have to give us all their money best

And we play the theme song on loop

 

[Bojangles17]

Cash reserves of $24.4 million

Fmd good luck getting any more government grants to re develop punt rd , me thinks we will have to build the *en joint ourselves , and at this rate , that shouldn’t be a problem . Nice work tigers , financial strength is an Imperitive to eternal success

 

[Bojangles17]

What did we get as 'prize money' for winning the flag, $1m?

On SM-J250F using BigFooty.com mobile app

Dunno but we seem to have done a good job stashing it under mattresses , rev up 15mn amd same profit as last year

 

[Tiger Soze]

Awesome to see those figures but they mean zilch without the silverware
That’s right we have both $$

Great work by Peggy and Benny they’ll be remembered in Tiger history as the architects of this amazing turnaround

I’d think Peggy would acknowledge Garry Marsh as a major contributor to the turn around.

 

[Tiger Soze]

Dunno but we seem to have done a good job stashing it under mattresses , rev up 15mn amd same profit as last year

The cash reserves are up nearly $10m from last year, that’s the better indicator than the profit number.

 

[Charlie Pannam]

I’d think Peggy would acknowledge Garry Marsh as a major contributor to the turn around.

Gary March too

 

[Tiger Soze]

Gary March too

Gary March to be precise

 

[tora tora tora]

The cash reserves are up nearly $10m from last year, that’s the better indicator than the profit number.

Let's sling a bit of it to Thomas Green. Via grandfather. Call it legal fees. He's going to cost huge amounts in a couple of years

 

[Bojangles17]

The cash reserves are up nearly $10m from last year, that’s the better indicator than the profit number.

*en ssshhhhhhhhhhhhhhhh, ssshhhhhhhhhhhhhh, we only made 4m ok , we dont want the bloomin afl to start taxing us to fund the rest of the comp , I personally would have preferred cash reserves of 29 and declared a norf like profit of 700k , I’m sure they’ll mention that in the accountants appraisal for next time, Ive prob said too much already , there really is a lot of money in running shire swimming pools

 

[Foley#41]

We still have some pokies licences don't we?
Surely this shows that a great organisation like RichmondFC don't need them.
Time to ditch the pokies for good!

Get Richmond Out Of Pokies

A collaborative campaign to reform gambling in Australia and reduce the harm it causes

www.pokiesplayyou.org.au

Five AFL clubs awarded new 20-year licenses to operate pokies

Carlton, Hawthorn, Essendon, Richmond and St Kilda have all been handed 20 year licenses to continue operating pokies at venues around the state.

www.theage.com.au

 

[Roy5254]

Can anyone who knows a bit about accounting explain to a dumb a...e like me how we increased our revenue by about $13M but our profit was the same as last year. Do they just store money somewhere ?? - RFC looks like a very well run organisation these days...

 

[NZ_Tiger]

Earned more but spent more.


Sent from my iPhone using Tapatalk

 

[rmcq]

Can anyone who knows a bit about accounting explain to a dumb a...e like me how we increased our revenue by about $13M but our profit was the same as last year. Do they just store money somewhere ?? - RFC looks like a very well run organisation these days...

Profit = revenue - expenses
Generally it costs money to make more money. The trick is to spend less than you make, and that is profit.