Aflex Inflatables are the leaders for obstacle courses, pool toys, waterparks and land-based watersides and fitness runs. They are industry leaders offering the widest range of pool, lake and beach…read more
AFL records rare net loss while participation and membership rises
The AFL has posted its first net loss in a decade - declaring a deficit of $23.6 million in its 2011 Annual Report.
The loss has been blamed predominantly on the AFL's expansion plans in western Sydney and on the Gold Coast, but AFL Commission Chairman Mike Fitzpatrick says it's worth it.
Fitzpatrick today told media "the AFL commission is aiming to recoup the net loss during the next five years by generating profits of at least this amount."
The League recorded record revenue of $343 million, up 25, and an operating surplus of $234 million, up from $230 million.
Clubs were provided with total funding of $159 million.
Fitzpatrick explained "our strategic focus on the long-term future of Australian football ... has positioned the AFL strongly for the next five years and beyond."
Fitzpatrick said new television and digital media rights would be critical for financial growth in the near future, adding "these agreements will underpin the finances of the game from 2012-2016 ... which includes allocating more than $1 billion to AFL clubs under new equalisation and revenue-sharing arrangements."
The 2011 Annual Report also showed new highs in participation and membership:
• Record participation - 791,178 from 751,015;
• Record club membership- 650,373 compared to 614,251 in 2010;
• Total attendances for pre-season, season, finals - 7.488 million;
• Average attendance - 34,893 which the AFL claims puts the code into the top four of competition attendances in the professional sporting world:
• Grand final television audience - 3.524 million.
Interest in Chief Executive Andrew Demetriou's salary package focussed on his salary earning of $1.8 million, down from $2.2 million the year before.
Demetriou's salary included a base payment of $1.4 million and a $400,000 bonus and was higher in 2010 because he received a long-term retention bonus.
Explaining the Chief Executive's renummeration, Mike Fitzpatrick added that the total package was justified by the success and growth of the game, stating "the AFL's executive salary packages reflect this reality and reward the achievement of key targets whilst ensuring we retain our valued team.
"The commission commends Andrew and his executive team, as well as all AFL staff across Australia, for their considerable efforts and achievements during 2011.
"It was a successful year that has enabled the commission to set an ambitious agenda for the next five years."
7th August 2009 - AFL AGREES NEW MCG DEAL
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.
Felton Industries is Australia’s leading designer, manufacturer and supplier of quality outdoor furniture and has been supplying premium seating solutions for all sporting, commercial, community…read more
PulseTec Solutions is a leading provider of software systems and solutions to the health and fitness industry for more than a decade. Our key products and services include ClientConnect studio and…read more
Les Mills Asia Pacific Les Mills Asia Pacific (LMAP) have been setting the benchmark for providing professional fitness solutions across Australia and South East Asia since 1996. Our world renowned…read more
Lander & Rogers' Sports Business Group is the leading sports law practice in Australia, representing over 150 national and international sporting bodies. Our clients include international…read more
Fitness On Demand™ is a market-leading developer of virtual group fitness products. Our innovative video delivery systems offer robust content and a simple-to-use, comprehensive web app. Fitness…read more
About Priava's Technology - Priava is a cloud-based and centralised venue and event management system aimed at venues of all sizes. With its familiar and easy-to-use web interface, the…read more
Links Modular Solutions are a leading provider of high-quality, innovative software solutions for leisure facilities. Our software suite includes modules such as POS, Classes, Members, Facility…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!