One-Eyed Richmond Forum
Football => Richmond Rant => Topic started by: one-eyed on November 18, 2014, 12:25:02 PM
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The Richmond Football Club has reported an operating profit of $1,329,530 for the year ended October 31, 2014.
The financial result is the 10th consecutive year of profit for the Tigers. The Club remains debt free, and has improved its net asset position from $22.38 million to $23.71 million.
The Club also continued to invest in the ME Bank Centre, by undertaking significant works around Punt Road Oval to upgrade spectator facilities, which benefits not only its members, but the wider community.
Fundraising, match-day and AFL distribution revenues were down on 2013 figures.
2014 highlights
- Record net membership revenue of $7.6 million, representing 66,854 members
- Record sponsorship net revenue
- Record coterie net revenue
- Continued investment and support provided to the Korin Gamadji Institute
- Continued investment and support provided to the Club’s preferred charity partner, The Alannah and Madeline Foundation
Full article at: http://www.richmondfc.com.au/news/2014-11-18/richmond-records-decade-of-profits
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Sugar coated the poo out of it, but in the end it's really a loss
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Sugar coated the poo out of it, but in the end it's really a loss
Love the positivity as always. :cheers
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Sugar coated the poo out of it, but in the end it's really a loss
Get back to work... ;D
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Groupie Phil suffers from online tourettes.
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Have had a quick look at the numbers while having lunch
Only have Concise report at the minute but will get a copy of the full finanacials
However, on the surface they are very good set of numbers, very good
Most pleasing thing for me is the AFL backed bank guarantee is now GONE! :clapping this means the Club's bankers don't see us a risk anymore
Also, the fact FTF donations & other fundraising is down but we still manage to post +$1.3 mil profit
Though I raised concerns about the club being too reliant on the FTF based on what I've read so far they have addressed that and for me that's a huge tick
Will have a closer inspection once I get the full financials
But on what we have so far fantastic result RFC :clapping
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Here's the link to the concise financial report ...
http://bptvpd.ngcdn.telstra.com/pd_afltigers0/2014financialreport.pdf
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So we profited 2 and 3 mil in 12 and 13 and we've gone backwards to 1 mil and it's a "huge win" ?
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Have had a quick look at the numbers while having lunch
Only have Concise report at the minute but will get a copy of the full finanacials
However, on the surface they are very good set of numbers, very good
Most pleasing thing for me is the AFL backed bank guarantee is now GONE! :clapping this means the Club's bankers don't see us a risk anymore
Also, the fact FTF donations & other fundraising is down but we still manage to post +$1.3 mil profit
Though I raised concerns about the club being too reliant on the FTF based on what I've read so far they have addressed that and for me that's a huge tick
Will have a closer inspection once I get the full financials
But on what we have so far fantastic result RFC :clapping
Well done WP! Always rely on you for an accurate assessment when it comes to club financial matters. :thumbsup
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Have had a quick look at the numbers while having lunch
Only have Concise report at the minute but will get a copy of the full finanacials
However, on the surface they are very good set of numbers, very good
Most pleasing thing for me is the AFL backed bank guarantee is now GONE! :clapping this means the Club's bankers don't see us a risk anymore
Also, the fact FTF donations & other fundraising is down but we still manage to post +$1.3 mil profit
Though I raised concerns about the club being too reliant on the FTF based on what I've read so far they have addressed that and for me that's a huge tick
Will have a closer inspection once I get the full financials
But on what we have so far fantastic result RFC :clapping
Well done WP! Always rely on you for an accurate assessment when it comes to club financial matters. :thumbsup
I prefer Phil's ;D
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So we profited 2 and 3 mil in 12 and 13 and we've gone backwards to 1 mil and it's a "huge win" ?
It's not a huge win, but if you take into account how we performed for the first half of the season it's a pretty good effort to come out in front.
I really don't understand what people expect. After the first half of the season, a number of people fell away... For us to still post a profit is a credit to the organization. If we can manage these type of results, in what i would deem an average year, we are heading in the right direction.
We have come from a long long way back. We aren't a powerhouse all conquering club, yet. Believe it or not but it takes time to build a club that can enjoy sustained success. Like WP I'm happy that the figures aren't inflated by the FTF.
Like every aspect of our club, we can still improve on this.
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In 2012 we finished 13th and made a 2 million profit this year we made the finals and made less than a fat and bald dodgy Lebanese builder
You can sugar coat all you want but I don't accept mediocrity like WP
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In 2012 we finished 13th and made a 2 million profit this year we made the finals and made less than a fat and bald dodgy Lebanese builder
You can sugar coat all you want but I don't accept mediocrity like WP
From memory, we were receiving large sums of AFL support payments which were being booked as revenue back then. Would be interesting to compare that to this year.
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Revenue from continuing activities ($)
2014 2013 Net change
Football 14,321,477 15,565,970 -1,244,493
Sponsorship and marketing 23,744,756 22,932,553 812,203
Gaming and social 5,704,614 5,549,920 154,694
Interest received 117,980 74,540 43,440
Jack Dyer Foundation contributions 519,300 725,100 -205,800
Total revenue from operating activities 44,408,127 44,848,083 -439,956
Total Expenses 43,078,597 41,530,678 1,547,919
Profit 1,329,530 3,317,405
Total Assets 29,345,548 28,791,350 534,198
Total Liabilities 5,632,806 6,408,138 -775,332
Net Assets & Net Equity 23,712,742 22,383,212 1,329,530
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Have had a quick look at the numbers while having lunch
Only have Concise report at the minute but will get a copy of the full finanacials
However, on the surface they are very good set of numbers, very good
Most pleasing thing for me is the AFL backed bank guarantee is now GONE! :clapping this means the Club's bankers don't see us a risk anymore
Also, the fact FTF donations & other fundraising is down but we still manage to post +$1.3 mil profit
Though I raised concerns about the club being too reliant on the FTF based on what I've read so far they have addressed that and for me that's a huge tick
Will have a closer inspection once I get the full financials
But on what we have so far fantastic result RFC :clapping
Nice work Bill Powell. :thumbsup
Well done Tiges. I expected a loss this season with the crowds down & given our start to the season.
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average set of numbers. $113 per member average, giving money away to the aboriginal institute and then going and signing taylor hunt and resigning Chris Newman lol. How about they spend some money and get us some name players so we can win a flag before we all cark it.
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It's not a huge win, but if you take into account how we performed for the first half of the season it's a pretty good effort to come out in front.
I really don't understand what people expect. After the first half of the season, a number of people fell away... For us to still post a profit is a credit to the organization. If we can manage these type of results, in what i would deem an average year, we are heading in the right direction.
We have come from a long long way back. We aren't a powerhouse all conquering club, yet. Believe it or not but it takes time to build a club that can enjoy sustained success. Like WP I'm happy that the figures aren't inflated by the FTF.
Like every aspect of our club, we can still improve on this.
Bingo
And from page 3 of the Concise Report
The decrease in the profit as compared to the 2013 financial result is largely attributable to:
• A decrease in AFL distributions of $575,000;
• A decrease in fundraising proceeds of $950,000 (the proceeds from the Fighting Tiger Fund
campaign were largely received in the 2012 and 2013 financial years);
• A decrease in match day income of $625,000; and
• An increase in football department expenditure of $1.9 million.
Factor all those things in and it's a very good set of numbers
And BTW the last point the extra footy dept send is significant
repeat very good set of numbers :clapping
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Good set of numbers in these days & times! Well done! Great to see some Football Dept spending, even if it chops down our figures a bit. Considering how some other clubs have lost huge chunks of money we are doing fine, but we can always do better.
Id love to have a peek at Effendons books & read the litany of excuses to their members ... & how did Port still lose $2mill after relocating to the Adelaide Oval & tripling their attendance? :huh
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Good set of numbers in these days & times! Well done! Great to see some Football Dept spending, even if it chops down our figures a bit. Considering how some other clubs have lost huge chunks of money we are doing fine, but we can always do better.
Id love to have a peek at Effendons books & read the litany of excuses to their members ... & how did Port still lose $2mill after relocating to the Adelaide Oval & tripling their attendance? :huh
do you think spending an extra $1.9 million in the football department and then getting smashed by Port in the final is a good result. Why did we spend an extra 1.9 million ... did we sign some superstar players or something? I want to know where this money was spent.
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Good set of numbers in these days & times! Well done! Great to see some Football Dept spending, even if it chops down our figures a bit. Considering how some other clubs have lost huge chunks of money we are doing fine, but we can always do better.
Id love to have a peek at Effendons books & read the litany of excuses to their members ... & how did Port still lose $2mill after relocating to the Adelaide Oval & tripling their attendance? :huh
do you think spending an extra $1.9 million in the football department and then getting smashed by Port in the final is a good result. Why did we spend an extra 1.9 million ... did we sign some superstar players or something? I want to know where this money was spent.
Troy Chaplin and Chris Newman got a payrise
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Good set of numbers in these days & times! Well done! Great to see some Football Dept spending, even if it chops down our figures a bit. Considering how some other clubs have lost huge chunks of money we are doing fine, but we can always do better.
Id love to have a peek at Effendons books & read the litany of excuses to their members ... & how did Port still lose $2mill after relocating to the Adelaide Oval & tripling their attendance? :huh
do you think spending an extra $1.9 million in the football department and then getting smashed by Port in the final is a good result. Why did we spend an extra 1.9 million ... did we sign some superstar players or something? I want to know where this money was spent.
Maybe they are spending money in areas that might take a little longer to return on the field. I'm not sure altitude training helped Collingwood as much in year 1 as compared to years 2-4. We may not see an instant improvement from that increased spend. As long as it's well spent, I'm not going to complain about increased spend in the football department - an area we have been well behind the power clubs.
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how did Port still lose $2mill after relocating to the Adelaide Oval & tripling their attendance? :huh
Easily their stadium deal with SACA is terrible; basically made nothing from their games. ditto the Crows
All the profits from the gate are going back to SACA not the 2 clubs.
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Our MCG deal is terrible too, worst of the lot. When will this be rectified ? We have been at the G since the 60's and have a worse deal than Collingwood and Hawthorn who just moved like 2 mins ago
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Good set of numbers in these days & times! Well done! Great to see some Football Dept spending, even if it chops down our figures a bit. Considering how some other clubs have lost huge chunks of money we are doing fine, but we can always do better.
Id love to have a peek at Effendons books & read the litany of excuses to their members ... & how did Port still lose $2mill after relocating to the Adelaide Oval & tripling their attendance? :huh
do you think spending an extra $1.9 million in the football department and then getting smashed by Port in the final is a good result. Why did we spend an extra 1.9 million ... did we sign some superstar players or something? I want to know where this money was spent.
Did you actually read the report or not? Your answers are all in there ... :lol
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stuff me a profit, sorry, a healthy profit and the negative Nancy's are still toasting our lack of success with half empty champagne glasses. Could only be Richmond.
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Good set of numbers in these days & times! Well done! Great to see some Football Dept spending, even if it chops down our figures a bit. Considering how some other clubs have lost huge chunks of money we are doing fine, but we can always do better.
Id love to have a peek at Effendons books & read the litany of excuses to their members ... & how did Port still lose $2mill after relocating to the Adelaide Oval & tripling their attendance? :huh
do you think spending an extra $1.9 million in the football department and then getting smashed by Port in the final is a good result. Why did we spend an extra 1.9 million ... did we sign some superstar players or something? I want to know where this money was spent.
Good question but i think it went to Leppa's replacement or to the new recruits in Bailey and Mcqualter. They are on poo loads i am lead to believe.
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Sugar coated the poo out of it, but in the end it's really a loss
Mods Ban this idiot , trolling has warn thin , seriosuly needs some new material , 1.3 profit , did it on a break :shh
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Membership department failed us.
If they hit the 75k goal then the profit would have been on the curve, not less than last couple of years.
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Good set of numbers in these days & times! Well done! Great to see some Football Dept spending, even if it chops down our figures a bit. Considering how some other clubs have lost huge chunks of money we are doing fine, but we can always do better.
Id love to have a peek at Effendons books & read the litany of excuses to their members ... & how did Port still lose $2mill after relocating to the Adelaide Oval & tripling their attendance? :huh
do you think spending an extra $1.9 million in the football department and then getting smashed by Port in the final is a good result. Why did we spend an extra 1.9 million ... did we sign some superstar players or something? I want to know where this money was spent.
Did you actually read the report or not? Your answers are all in there ... :lol
Can you tell me the page number of the concise report where the $1.9 million extra spend can be found. I had a look to find it but its not there from what I can see. Thanks.
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Good set of numbers in these days & times! Well done! Great to see some Football Dept spending, even if it chops down our figures a bit. Considering how some other clubs have lost huge chunks of money we are doing fine, but we can always do better.
Id love to have a peek at Effendons books & read the litany of excuses to their members ... & how did Port still lose $2mill after relocating to the Adelaide Oval & tripling their attendance? :huh
do you think spending an extra $1.9 million in the football department and then getting smashed by Port in the final is a good result. Why did we spend an extra 1.9 million ... did we sign some superstar players or something? I want to know where this money was spent.
Did you actually read the report or not? Your answers are all in there ... :lol
Can you tell me the page number of the concise report where the $1.9 million extra spend can be found. I had a look to find it but its not there from what I can see. Thanks.
Page 3;in the treasurers report.
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Sugar coated the poo out of it, but in the end it's really a loss
Mods Ban this idiot , trolling has warn thin , seriosuly needs some new material , 1.3 profit , did it on a break :shh
:shh
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They've done well to get a profit when the gate is down $600k.
I see we managed to squeeze an extra $150,000 out of the pokies this year, I'd like to thank all the non-tiger supporters who are donating to the cause :thumbsup
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great work tigs, better than expected - amazing turnaround from where we were. the club, the supporters all deserve a pat on the back. Onwards and upwards
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Comparison with other clubs:
Revenue
Brisbane $46,538,187, up from $43,500,672
Carlton $56,641,156, down from $57,144,954
Collingwood $76,256,915, down from $79,266,546
Essendon $61,258,047, down from $63,690,189
Geelong $51,356,479, down from $55,041,492
Hawthorn $67,663,161, up from $64,772,874
Richmond $44,408,127, down from $44,848,083
Melbourne $42,093,064, up from$39,341,340
St Kilda $30,235,195, down from $31,881,495
W.Bulldogs $37,538,814, up from $34,052,817
Profit/Loss
Brisbane ($3,543,138), down from ($1,574,762)
Carlton ($1,605,453) down from $528,095
Collingwood $2,017,992, down from $16,375,741
Essendon $721,517, down from $2,634,054
Geelong ($251,207) down from $1,226,349
Hawthorn $5,332,184, up from ($545,614)
Melbourne $284,557, up from ($3,102,561)
North Melb. $423,074
Richmond $1,329,530, down from $3,317,405
St Kilda ($3,912,922), down from ($2,614,837)
Sydney $846,871
W.Bulldogs $329,945, up from ($143,090)
Assets
Brisbane $9,745,392, down from $11,592,932
Carlton $25,295,881 down from $27,628,966
Collingwood $51,330,691, up from $51,671,896
Essendon $53,207,638, down from $54,758,536
Geelong $34,769,514, down from $35,457,183
Hawthorn $52,411,058, up from $51,467,222
Richmond $29,345,548, up from $28,791,350
Melbourne $16,489,836, down from $17,274,699
St Kilda $14,790,712, down from $13,772,265
Bulldogs $39,820,521, down from $41,558,592
Liabilities
Brisbane $17,994,364, up from $16,298,766
Carlton $13,667,345, up from $14,394,977
Collingwood $14,245,102, up from $15,604,299
Essendon $14,792,310, up from $17,064,725
Geelong $23,837,208, down from $24,273,670
Hawthorn $20,719,869, down from $25,648,217
Richmond $5,632,806, down from $6,408,138
St Kilda $15,684,905, up from $10,753,536
Melbourne $12,932,784, up from $14,002,204
W.Bulldogs $16,406,152 down from $18,474,168
Net Assets/Deficit
Brisbane ($8,248,972), down from ($4,705,834)
Carlton $11,628,536, down from $13,223,889
Collingwood $37,085,589, up from $37,067,597
Essendon $38,415,328, up from $37,693,811
Geelong $10,932,306, down from $11,183,513
Hawthorn $31,691,189, up from $25,819,005
Richmond $23,712,742, up from $22,383,212
Melbourne $3,557,052, up from $3,272,495
St Kilda ($894,193), down from $3,018,729
W.Bulldogs $23,414,369, up from $23,084,424
Sources:
http://www.bigfooty.com/forum/threads/2014-annual-reports-and-media.1079199/
Club annual reports and media releases.