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read moreThe AFL has announced an operating loss of $22.8 million loss for 2020, a 12 month period that it has called “a year of sacrifices”.
With the code’s year-on-year revenue falling by $119.1 million to $674.8 million, the AFL advised on its website that “while obviously concerning, the official outcome was nowhere as problematic as feared 11 months ago - when the AFL was forced to suspend indefinitely the 2020 season after just one round, prompting industry heavyweights to speculate on potential losses in the hundreds of millions of dollars.”
With clubs were told of the financial result on Tuesday afternoon, they will receive $231 million with $67 million apportioned to the running of the shorter men's season, including the establishment and season-long upkeep of club hubs in Queensland, South Australia and Perth.
In its income, the AFL clubs also took $14.3 million from the Victorian Government for the redevelopment of Marvel Stadium, which, when included in the results, took the statutory loss on the year down to $8.4 million.
Among other expenses in 2020, payments to AFL executives and commissioners was reduced by a third to $7.10 million in 2020, down from $10.57 million in 2019. $32 million went to game development, $19 million to the AFL Players Association and $14 million to the running of the AFLW competition.
Commenting on the results, AFL Commission Chairman, Richard Goyder explained “the year was tough financially but I want to thank the boards and staff of the 18 clubs, our players, umpires and our own AFL executive and team, led by Gillon McLachlan, for the work they did and the difficult decisions they took to ensure football continued around the country.”
"Everyone across our football community, from our players, coaches and staff members and our long-serving and committed broadcast and corporate partners all made the relevant sacrifices to put the health of the community first and then ensure we still had a game for the fans.
"Most of all, I want to thank our members and supporters for their passion and commitment to their clubs and everyone who watched the games and supported us collectively, in finding a way to complete the 2020 Toyota Premiership season."
The year saw the AFL cut its workforce by around 20% in a restructure prompted by the loss of income due to COVID-19. The job cuts and restructure came into effect last November, and included the departure of senior staff from the AFL’s executive team.
For the 2019 season, the AFL registered a $27.9 million profit.
The AFL also used $60 million in capital reserves in order to complete the season.
13th February 2021 - Tasmanian Premier calls for solid timeline for Tasmania getting its own AFL team
12th February 2021 - AFLW reaches membership record in fifth season
9th February 2021 - Eddie McGuire resigns as Collingwood President in wake of racism report
1st February 2021 - Unreleased review reveals ‘systemic racism’ at AFL’s Collingwood FC
28th January 2021 - Ticket Sale Success and ‘This Is Us’ Campaign marks AFLW 2021 Season launch
19th January 2021 - Trans player Hannah Mouncey plans legal action against AFL
11th January 2021 - Study finds impacts of AFL players concussion last longer than previously thought
4th January 2021 - AFL stakeholders advance stadium plans in Cairns and Darwin
24th December 2020 - AFL announces broadcast agreement extensions with Foxtel and Telstra
23rd October 2020 - Former Collingwood player Héritier Lumumba sues AFL and club over alleged racism
21st October 2020 - Quayclean staff the unsung heroes of the AFL season
20th October 2020 - AFL’s Gabba Grand Final to be played in front of 30,000 fans
14th October 2020 - AFL’s Tanya Hosch named South Australia’s Australian of the Year
12th October 2020 - VicHealth and AFL encourage families to get active on way to school as restrictions lift
30th September 2020 - Upgraded Gabba prepares for AFL Grand Final
2nd September 2020 - MCG secures AFL Grand Final contract extension
25th August 2020 - AFL restructuring sees integration of management at Melbourne’s Marvel Stadium
25th August 2020 - AFL Tasmania Chief Executive Trisha Squires heads to Queensland
24th August 2020 - Decline in income forces AFL to restructure operations with 20% of staff to be cut
21st August 2020 - AFL will not use Aboriginal flag during Indigenous Round
12th August 2020 - AFL heads to Alice Springs and Cairns
6th August 2020 - United Services Union warns AFL of breaching Fair Work Act with unlawful directive to staff
23rd July 2020 - AFL and NRL show year-on-year value gains
15th July 2020 - AFL looks to relocate more clubs to Queensland
3rd July 2020 - AFL’s Victorian teams to move interstate
30th June 2020 - AFL faces fixture upheaval as Victorian Coronavirus cases rise
12th June 2020 - Seven Network to save $87 million with new AFL broadcast deal
9th June 2020 - AFL season restart to see 2,000 fans at Adelaide Oval on Saturday
18th May 2020 - AFL to proceed with upgrade plan for Melbourne’s Marvel Stadium
15th May 2020 - AFL announces that season will restart from 11th June
30th March 2020 - AFL looks to secure $600 million loan
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