The Melbourne Football Club is proud to announce an operating profit of $1.7 million for the year ended 31 October 2024, marking the Club’s fourth consecutive operating profit.
Key Financial Highlights:
- Operating Profit: $1.7 million.
- Revenue from football activities: $56.6 million
- Future Fund Performance: The Future Fund generated $3.0 million in net income this year, underscoring its importance in safeguarding the club’s financial stability and future investments.
- Balance Sheet: A strong Balance Sheet, underpinned by the Club’s Future Fund of $23.7m and $9.5m of funds available for investment in the Club’s Training & Administration project.
Pert also addressed the impact of one-off items on the statutory result for 2024, including:
- A $3.1 million expense (including on-costs) associated with finalising Angus Brayshaw’s contract following his medical retirement.
- $0.9 million in net legal costs.
