MCC Reports 4 million attendees and 32m profit in 2023/24

The MCC has reported more than 4 million people attended the stadium in 2023, resulting in a profit of 32.102 million on revenue of 199.314 million, The club reported that the debt owing to the Northern Stand has been repaid, paving the way for the future Southern Stand development.

Attendances

  • A total of 3,319,002 fans attended the MCG for football in 2023, the largest of any AFL/VFL season ever.
  • The total crowd for the 2023-24 Cricket season was 268,859, including 164,835 for the Boxing day Test.
  • The total crowd for Taylor Swift was 288,000
  • Rugby Union’s Bledisloe Cup in July attended by 83,944
  • 175,000 people exploring the museum and taking part in an MCG Tour over the past year.

MCC Members

Melbourne Cricket Club membership was 157,389 on August 31, 2023 (the last date of the 2022/23 membership subscription season), with 188,608 candidates on the waiting list. Full members comprise 63,805 of the total membership base and include nominations to September 30, 1992. Restricted members comprise 43,230 of the total membership base and include nominations to December 31, 1998.
Provisional members comprise 50,354 of the total membership base and include nominations to November 30, 2006.

Finances

Total consolidated income increased by $36.541 million, from $162.773 million in 2023 to $199.314 million in 2024. The major items contributing to the increase in consolidated income were:

  • Event related revenue increased $14.251 million mainly due to increases in catering and gate revenue. More than four million patrons attended events held at the MCG for the second year in a row, which was a key driver to the exceptional financial result. The MCG hosted 48 AFL Home and Away matches plus six AFL Finals Series matches, with a total attendance of just under 3.3 million patrons. Included in the 2024 financial year result is eight 2024 AFL Home & Away matches, which had a total cumulative attendance of 469,562.
  • Membership and Customer Services related revenue increased $11.392 million due to a CPI increase in subscription values, along with no discount impact on subscription revenue from previous years.
  • Commercial Operations revenue increased $5.101 million mostly due to a once off payment received from a contracted agreement.
  • Other income increased $2.662 million mostly due to a once off payment from a contracted agreement.

Total consolidated expenses increased by $9.159 million, from $158.053 million in 2023 to $167.212 million in 2024. The key movements in material expense categories were:

  • Events Administration expenditure which includes payments to AFL clubs increased $3.444 million, in line with increased event related revenue.
  • Members Contribution to the Gate expense which is paid to the AFL and Cricket Australia when members attend matches increased $0.807 million in line with attendances and an additional two AFL Home & Away matches in the financial year.
  • Combined administration and facilities expenditure increased $4.225 million due to contractual
    arrangements increasing with CPI and increased activity from increased content during the year.
  • Depreciation expense has increased $1.116 million due to a large number of completed projects during the year.
  • Finance costs decreased $3.416 million due to the early repayment of debt.

The Report can be found on the MCC Website here.

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