Latest News

Back to Latest News back

 

Richmond Tigers report loss but confident on future operations

Richmond Tigers report loss but confident on future operations
November 18, 2016

The Richmond AFL club has reported a small financial loss of $80,257 for the 2016 financial year, the club’s first deficit in 12 years.

The 2016 result has been blamed on the club’s poor on-field performances in 2016 which saw match day attendances drop 14.6%, as did bad debts related to two club sponsors which totalled more than $300,000.

In 2015, Richmond recorded an operating profit of $458,586 yet that was down on 2014’s operating profit result of $1,329,530.

The Tigers generated an operating surplus of $1.2 million but after amortisation and depreciation, a loss became the result. The club remains debt-free and generated revenue of $47.5 million, an increase of $825,000 from 2015.

A renewed $1 million sponsorship deal with insurer Bingle in September is another boost for the Tigers but the affect of the collapse of apparel sponsor BLK remains to be seen.

Richmond President Peggy O’Neal (pictured below) moved to assure club members that the Tigers are in a solid financial position.

O’Neal stated “it has been a challenging year for our football club, but we remain debt free, have cash reserves of more than $2 million and a strong net asset position of $24.1 million.

“I can guarantee members that our hard-earned financial stability will never be taken for granted.

 “The board will continue to carefully manage finances while looking for opportunities to grow and diversify the club’s revenue base to enable us to continue investing in our core business of football.

“This year the board made significant decisions to establish Aligned Leisure and the Richmond Institute of Sports Leadership.

“These well-considered business decisions diversify revenue streams and will help underpin the club’s financial stability long-term.”

16th November 2016 - SPORTSWEAR SUPPLIER BLK ENTERS RECEIVERSHIP

25th October 2016 - ALIGNED LEISURE AND RICHMOND FC OFFER PHD SCHOLARSHIP INTO IMPROVING HEALTH OUTCOMES

23rd March 2016 - RICHMOND TIGERS DIVERSIFY WITH CONTRACT TO MANAGE CARDINIA SHIRE AQUATIC AND RECREATION FACILITIES

20th March 2016 - RICHMOND TIGERS PROPOSE 40,000 SEAT PUNT ROAD OVAL REDEVELOPMENT AS MELBOURNE’S THIRD AFL STADIUM

 


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

Neptune Benson

Neptune Benson is a manufacturer of high quality water filtration and disinfection products for the recreational, industrial, and municipal water markets. With more than 20,000 installations…

read more

Aquatics / Design / Recreation

 
 

SENtag

Developed in Europe, this innovative system offers a safety management solution for swimming pools that checks individual swimmers via their wristband - monitoring their depth and time. Sensors…

read more

Aquatics / Hospitality / Safety / Technology / Waterparks

 
 

Jonas Leisure

JonasLeisure offers a complete range of leading leisure and recreation software brands – envibe, Centaman, Gladstone Health & Leisure, The Retention People, Nutrition Complete and…

read more

Aquatics / Billing / Fitness / Recreation / Sport

 
 

Altitude Training Systems

Also at 3 Squill Place, Arndell Park NSW 2148 ATS are global leaders in altitude training and research. From mask systems and inflatable tents to simulated altitude facilities, we help…

read more

Fitness / Sport / Technology

 
 

TECHNOGYM AUSTRALIA

Technogym is the leading company in the Wellness and Fitness field all over the world. With 2,200 employees, 14 branches in Europe, U.S., South America, Asia  and Australia, Technogym exports its…

read more

Fitness / Technology / Wellness

 
 

TJS Services

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

Hospitality / Retail / Venues

 
 

CENTAMAN

Centaman has been a market leader in Enterprise Software Solutions for the leisure and recreation industry and both profit and not-for-profit attractions since 1991. It offers a wide range of software…

read more

Access / Billing / Fitness / Technology / Ticketing

 
 

Digonex

Digonex is a leading provider of customised dynamic pricing solutions to clients in arts and entertainment, sport, attractions, cultural institutions and retail sectors. Digonex’s technology is…

read more

Attractions / Entertainment / Sport / Technology / Ticketing

 
 
 
 

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