Latest News

Back to Latest News back

 

Richmond records 11th consecutive year of profit

Richmond records 11th consecutive year of profit
November 19, 2015

Richmond has announced an operating profit of $458,586 for the financial year ending 31st October, the club’s 11th consecutive operating profit.

However, this year’s result is down from last year’s operating profit of $1,329,530.

The club has revealed that revenues were $46.7 million, an increase of $2.3 million, with net assets increasing to $24.2 million.

Richmond’s cash reserves exceed $2 million, which represents a turnaround of almost $7 million based on the club’s debt position five years ago.

Other highlights for the club include an AFL best home and away attendance of 1.05 million, broadcast television audiences of 16 million and record sponsorship revenue spearheaded by deals with Jeep and Bingle.

Commenting on the Club's performance, Richmond Football Club President Peggy O’Neal (pictured below) stated “a clear vision and a well-executed plan, combined with the amazing support of the Tiger fans and business partners, has been the key to another strong result.

“The challenge for our board and management is to continue to grow our business, in line with our strategic plan, so the club has a stable financial basis for its future.

“Our improved financial position allows us to consider mid-to-long term investment decisions to better insulate the club from any downturn in on-field performance.”

18th August 2015 - AFL ANNOUNCES RECORD-BREAKING $2.5 BILLION TELEVISION DEAL

25th June 2015 - RICHMOND TIGERS BREAK MEMBERSHIP RECORDS TOPPING 70,000 BARRIER


Support our industry news service
We hope that you value the news that we publish so while you're here can we ask for your support?

As an independent publisher, we need reader support for our industry news gathering so ask that - if you don't already do so - you back us by subscribing to the printed Australasian Leisure Management magazine and/or our online news.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

AAC

Welcome to AAC – makers of the world’s best wristbands, lanyards, tickets, tokens and full-service print solutions. We are Australia’s premier global manufacturer and supplier of…

read more

Access / Marketing / Safety / Ticketing

 
 

Quayclean

Quayclean are a national cleaning and waste services partner with proven results in the understanding and delivery of cleaning needs and challenges faced by facilities including; major venues and…

read more

Aquatics / Hospitality / Surfaces / Venues

 
 

METRA Australia

With industry leading solutions in design and durability you can improve your facilities with our access control operations, payment systems and flexible personal locker storage solutions. Your…

read more

Aquatics / Attractions / Fitness / Recreation / Security

 
 

Again Faster

ABOUT Again Faster is a Brisbane based, Australian owned supplier of strength and conditioning and functional fitness equipment. With nearly 10 years experience in the Australian market, we are…

read more

Fitness / Recreation

 
 

Centaman Entrance Control

Turnstile Entry Systems and Access Control Centaman Entrance Controls’ Award Winning Range of Access Control Systems includes tripod & triarm turnstiles, speedgates, full height…

read more

Access / Entertainment / Sport / Ticketing / Venues

 
 

Clubware

Clubware’s online gym software is not your run of the mill management system. It has been carefully designed to incorporate all the elements that a fitness club would need. How did we do that?…

read more

Access / Billing / Fitness / Recreation

 
 

Links Modular Solutions

Links Modular Solutions was a leading provider of high-quality, innovative software solutions for aquatic and recreation facilities. Links Modular Solutions is now part of Xplor Technologies.

read more

Access / Billing / Finance / Fitness / Technology

 
 

HIB Insurance Brokers Pty Ltd

HIB Insurance Brokers - Experts in Leisure and Amusement Insurance With over 20 years specialising in the Amusement and Leisure industries, we have the experience to understand your operations and…

read more

Attractions / Entertainment / Insurance / Recreation / Safety

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business