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Rising costs see AFL record $17.8 million loss in 2016
While having generated record levels of income, the AFL has followed the National Rugby League in recording a financial loss in 2016.
As reported in the AFL’s latest financial results, the code recorded a net loss of $17.8 million last year after grants and distributions - a result it said was in line with budget forecasts.
The sport’s first net loss since 2011 comes in the final year of its current broadcast rights agreement and included the costs associated with the outright purchase of Etihad Stadium and the introducing the AFL Women’s competition, which saw expenditure increase by $18.9 million to $186.9 million.
In addition, the AFL also increased its allocations to clubs, with the league providing $255.9 million to the 18 clubs compared with $245.2 million in 2015.
Overall revenue increased by $10.9 million to $517 million last year.
AFL Chief Executive Gillon McLachlan’s financial package was $1.74 million in 2016, compared to $1.72 million the previous year – more than the highest-paid players receive.
The result was the AFL’s second loss in 16 years and its first since 2011 when it was $23.6 million in the red due to its expansion into NSW and south east Queensland.
Outgoing AFL Commission Chairman Mike Fitzpatrick said the league had received “impressive results” in each key indicators of the health of the code.
Images: Etihad Stadium (top) and AFL Women's action at IKon Park (below).
16th February 2017 - MIKE FITZPATRICK TO STEP DOWN AS AFL COMMISSION CHAIRMAN
14th February 2017 - NRL REDUCES OPERATING LOSSES TO $2.6 MILLION IN 2016
23rd January 2017 - CROWD NUMBERS LEAD TO AFL VENUE CHANGE FOR WOMEN’S COMPETITION OPENER
15th November 2016 - AFL ADVISED TO PLAN FOR LONG TERM INTEREST IN WOMEN’S COMPETITION
7th October 2016 - AFL AGREES ETIHAD STADIUM PURCHASE
10th September 2016 - AFL CHAIR MIKE FITZPATRICK OUTLINES PLAN TO BECOME DOMINANT SPORT IN NSW AND QUEENSLAND
1st July 2016 - AFL PLANS $300 MILLION UPGRADE OF ETIHAD STADIUM
1st March 2016 - AFL REVENUES TOPPED $500 MILLION IN 2015
3rd September 2015 - AFL ACCUSED OF ‘DECEPTIVE CONDUCT’ DURING ESSENDON SUPPLEMENTS SAGA
18th August 2015 - AFL ANNOUNCES RECORD-BREAKING $2.5 BILLION TELEVISION DEAL
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