Talk To Us For Independent Advice & Specialised Services We're business people, not sales reps IP HUB is one of Australia’s leading advisors on telecoms for both small businesses and…read more
AFL growth initiatives result in profit increase
The AFL has announced that its 2018 profit exceeded $50 million, an increase of $1.6 million on the previous 12-month period.
The AFL achieved record commercial revenue of $210 million in 2018, with a profit of $50.4 million, while its consolidated financial result, which includes all of the AFL's controlled state subsidiaries, Champion Data and Marvel Stadium, produced a profit of $25.9 million.
This compares with a profit of $60.3 million in 2017, which included a one-off $41.5 million non-cash gain realised from the acquisition of Marvel Stadium.
Commenting on the positive financial result, AFL Chief Financial Officer, Travis Auld stated “this is a strong result for the AFL industry as we continue to commit long-term to strengthening the game and ensuring AFL clubs are financially secure and competitive.
“The increases in expenditure in 2018 included revenue-related increases, additional marketing investment in New South Wales and Queensland and increased investment in AFLW, female participation and community football expenditure.”
The 2018 financial results take into account the following milestones – the introduction of Optus Stadium in Perth, consolidated profitability of the 18 elite AFL clubs, the broadcast rights agreement, growing support from AFL corporate partners, a successful 2018 finals series and the signing of the new Collective Bargaining Agreement (CBA) with the AFLPA for AFLW players.
Other key AFL financial highlights included:
• Revenue increased by $17.4 million to $668 million, due to the broadcast rights deal and a successful 2018 finals series.
• Operating expenditure increased by $10.3 million to $203.3 million, due to revenue-related increases and investment in strategic priorities including northern markets, AFLW and female participation.
• The operating surplus before grants and distributions increased by two per cent to $467.7 million.
The AFL provided grants and distributions of $417.3 million in 2018, comprised of the following: $307.2 million to AFL clubs; $46.9 million of primarily state-based game development grants; $36.6 million to the AFLPA; $25.3 million to infrastructure comprising of elite and community facilities and contributions to stadia redevelopments; and $1.2 million to corporate and social responsibility initiatives.
Image: Melbourne's Marvel Stadium, now owned by the AFL.
28th February 2019 - AFL Victoria advises of record participation figures
1st February 2019 - Lions AFLW team base to be backed by $15 million in Federal Government funding
21st September 2018 - AFL renews airline sponsorship deal with Virgin Australia
20th September 2018 - AFL seeks project manager for Marvel Stadium upgrade
12th May 2018 - AFL Cairns looks for $25 million Cazalys stadium upgrade
30th April 2018 - Etihad Stadium welcomes 40-millionth event patron
23rd March 2018 - IBISWorld study confirms West Coast Eagles as AFL’s most profitable club
21st March 2018 - ‘Hard decisions’ ahead for AFL in Tasmania
4th November 2017 - AFL Womens players get new pay deal for 2018 season
20th June 2017 - AFL players agree six-year pay deal
17th February 2017 - Rising costs see AFL record $17.8 million loss in 2016
18th November 2016 - Richmond Tigers report loss but confident on future operations
7th October 2016 - AFL agrees Etihad Stadium purchase
Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?
The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.
However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.
Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.
Subscriptions cost just $90 a year.
Click here to subscribe.
The Complete Guide to Leisure Industry Products & Services.
METRA Australia is your innovation partner for smart electronic locking, Access Control solutions and cashless payment systems to suit all types of leisure facilities. Our team’s…read more
Gunnebo is a global provider of security and access control solutions and services with sales companies in 31 countries in Europe, the Middle East, Africa, Asia, the Americas and Australia.…read more
AAC ID Solutions is a leading supplier of identification access wristbands, barcoded wristband tickets, lanyards, membership products and RFID solutions for events and venues, working with thousands…read more
Headquartered in Brisbane with an Australia-wide network of satellite offices, PaySmart is one of Australia’s largest and longest-standing direct debit billing companies. In 1996 we began…read more
Whether your goal is increasing your centre's revenues or creating an engaging environment, why not add play to your project? If you're looking for stylish aquatic play features, kid-tested…read more
TJS Services is a leading national facility services provider. We deliver quality cleaning, maintenance, construction and facility management services to over 1,500 sites Australia wide. Our…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!