November 27, 2021 - Sports Industry AU

St Kilda achieved an operating profit of $3.6m for the financial year ending 31 October 2021, and reported a statutory profit of $12.8m.

Jason Lassey3 years ago3 years ago02 mins

St Kilda Football Club is pleased to confirm a series of positive financial results in publishing its 2021 Annual Report, headlined by a $4.3m reduction in club debt. The club achieved an operating profit of $3.6m for the financial year ending 31 October 2021, however after accounting for facility funding revenue, depreciation, amortisation and interest, the club reported a statutory profit of $12.8m. Key elements of the club’s…

Essendon Football Club announces a statutory profit of $8.2 million for 2021.

Jason Lassey3 years ago3 years ago03 mins

Essendon Football Club is pleased to have strengthened its financial position in 2021, announcing a statutory profit of $8.2 million. This is made up of an underlying profit from operations of $1.2m, together with $7m of donations and grants directly attributable to the expansion of the NEC Hangar development. The underlying cash profit from operations…

The Collingwood Football Club has announced an operating profit of $1,873,949 for 2021, and a statutory result being a net loss of $692,864.

Jason Lassey3 years ago3 years ago02 mins

Despite the ravages of a second consecutive COVID-affected year, the club was able to build its cash reserves and protect its net asset position. This was due primarily to a significant contribution from members, an exceptional suite of premier partners that included Emirates Airline, La Trobe Financial, Nike and CGU and a strong performance from…

Hawthorn report a consolidated profit of $2,545,413 for 2020-21.

Jason Lassey3 years ago02 mins

Despite a second consecutive year of challenges and uncertainty, Hawthorn Football Club has managed to achieve both football operations and consolidated net operating surpluses. Key points of the report include: The club had a Football operations net surplus of $255,747 for the financial year Consolidated net operating surplus of $1,715,481 for the year ending 31…