Pricemark supplies a wide range of custom branded membership & RFID access products for the Health & Leisure Industry.read more
Richmond Tigers report loss but confident on future operations
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
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
Principal Consultant Simon Weatherill has spent the last 20 years developing the world renowned Melbourne Sports Hub, as former Chief Executive Officer of the State Sports Centres Trust…read more
Hydrocare Pool Services Pty Ltd offer 30 years of experience in aquatic industry features, products and water treatment. Hydrocare Pools has undertaken water treatment for aquatic centres and…read more
The Jump Pad is a safe, flat inflatable made in a variety of sizes which can be used indoor or outdoor. From 3mx3m up to a whopping 9mx21m. Markets include Indoor and outdoor playgrounds, schools,…read more
Track. Engage. Retain GreeneDesk is a suite of cloud based software solutions helping health clubs, leisure centres and swim schools to effectively track progression, improve customer engagement and…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!