The Geelong Football Club has announced a net profit of $2.3 million for the 2016 financial year.
The club’s net asset position improved by 28.6% to $9.9 million and revenue increased by 10% to $54.6 million.
The major factors in the financial outcome include:
- The club’s continued investment in the football department, with total outlay rising by $1 million to $23.2 million.
- An increase in profit from the club’s commercial operations, with profit rising by 3% to $20.1 million. This is largely due to increases in sponsorship and membership. The club achieved a 13% rise in membership to 52,195.
- Home attendance (including home games at the MCG and Etihad Stadium) increased from 29,127 to 30,497.
- The “Our Ambition’ fundraising campaign was a success, generating significant funds that will be applied now and into the future.
Annual Report is here.
