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


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.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

ICP

ICP is an Australian-based company focused on indoor climbing. ICP will manage your project from initial design to completion and beyond, whether you're building an international-level climbing…

read more

Attractions / Fitness / Recreation

 
 

Hadley/Series Australia Pty Ltd

Hadley Australia and Series Australia Pty Ltd are the leading quality theatre chair manufacturers in the southern hemisphere. The businesses work closely with architects, interior designers and…

read more

Arts / Culture / Design / Entertainment / Venues

 
 

HIDROPLAY

Hidroplay welcomes you to the exciting world of children's Playscapes, waterslide's and Water Attractions. Appealing to families, Hidroplay increases patronage in your facility during those…

read more

Aquatics / Play / Recreation

 
 
 

Yellowbox Lockers

Yellowbox is an Australian technology company that has developed smart locker technology operated through an app with a focus on experience for users and facility managers. Found at Beaches, Aquatic…

read more

Aquatics / Attractions / Entertainment / Retail / Security

 
 

PlayRope

Playrope Aqua-Fun, are the Australian & New Zealand exclusive distributors for Vortex Aquatic Structures International, the world leader in aquatic playgrounds and urban water landscapes.…

read more

Aquatics / Attractions / Parks / Play / Recreation

 
 

Vticket

Vticket Pty Ltd is the Australian and New Zealand distributor for Gateway Ticketing Systems Inc., the world leader in high-speed access control, admission control and ticketing software for the…

read more

Attractions / Security / Technology / Ticketing / Venues

 
 

Sportybots

We are the leading providers of kids fun multi-sports programs for Sport and Recreation Centres. Programs cover twelve common sports as well as Gross Motor Skill Development and suit children from as…

read more

Fitness / Play / Recreation / Sport / Wellness

 
 
 
 

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