One-Eyed Richmond Forum
Football => Richmond Rant => Topic started by: one-eyed on November 17, 2017, 05:49:07 PM
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Richmond 2017 financial result
richmondfc.com.au
November 17, 2017 4:09 PM
Richmond will report a profit of $3.06 million for the financial year ended 31 October.
The Club’s operating surplus was $4.31 million, before amortisation and depreciation.
Richmond generated total revenue of $65.2 million, an increase of $17.6 million year-on-year.
This significant growth in revenue is due to increased crowds and sponsorship, as well as sales of merchandise and memorabilia. It also includes a full year’s operation of the Club’s health and recreation business, Aligned Leisure, which expanded further in 2017 to include management of the Eltham Leisure Centre.
The Richmond Institute of Sports Leadership (RISL) – delivered in partnership with Swinburne University – has also contributed to Richmond’s revenue growth.
Richmond president Peggy O’Neal said the Club was in an extremely strong financial position.
“We remain debt free, have cash reserves of $9.88 million and a strong net asset position of $27.15 million,” O’Neal said.
“This position has been hard-earned and we will continue to make considered decisions to protect and enhance our financial position.
“While football is our core business, and always our number one priority, we continue to invest in the community.
“Our charity partnership with the Alannah & Madeline Foundation, and our work with Indigenous youth in the Korin Gamadji Institute are genuine examples of ways in which the Club is committed to making a difference in our community.
“Richmond is now the first AFL club to sponsor the Midsumma Festival – again underlining our authentic commitment to diversity and equality. I know that members and supporters are proud of the Club’s genuine contribution to the community.”
2017 statistics:
* Total home and away crowds in excess of one million (AFL number one)
* Average home crowds of 55,958 (AFL number one and Club record)
* Five games were played in front of crowds in excess of 85,000
* Dreamtime at the ‘G and Anzac Eve games were the 5th and 6th highest home crowds in Club history
* Seventh consecutive record membership 75,777 (AFL 3rd )
* Home and away TV audience in excess of 11.8 million
* Record sponsorship revenue
http://www.richmondfc.com.au/news/2017-11-17/richmond-2017-financial-result
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Seems light on
Hard to think Bulldogs could deliver a better profit with half the amount of members.
Perhaps other factors came into it but that profit is lower than the dogs and hawks
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Seems light on
Hard to think Bulldogs could deliver a better profit with half the amount of members.
Perhaps other factors came into it but that profit is lower than the dogs and hawks
I thought the same
Where’s the rest
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Cash Reserves of $9.88 million is very good indeed especially as the club has no debt, but the profit does seem very light on. I would
like to know if Aligned Leisure made money and how much. I am also concerned by the return on cash generated, a profit of less than
5% on revenue earned is poor for any business. I know footy is different, but if we can only make $3 million in a premiership year,
it is a problem. This is why our club cant get out of gaming and why we probably need to expand in gaming rather than leaving it
behind, even if most of us probably don't agree with gaming.
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Anyone know roughly how much in bonuses the execs get for a GF?
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No issue my end on the numbers. Seems about right
Concise financial report is available on the club website
Waiting to see the full financials which have more detailed notes
Large increase in footy department spend, huge positive IMO
Seems light on
Hard to think Bulldogs could deliver a better profit with half the amount of members.
Perhaps other factors came into it but that profit is lower than the dogs and hawks
Bulldogs figures include their AFL handout of over $1 mil, we don't get that
What were people expecting? 5, 6 mil?
Prior to winning thr GF, i reckon you'd be looking at a profit of around $250-$500k. After winning the GF we've landed around where i thought we would
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But the Doggies have had a full year to rack up their numbers, we've had 6 weeks!
Keep watching those numbers rise! :clapping
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Another thing to consider is that this is reported to the year ending October 31. We had only been premiers for a month when the books closed for year.
The premiership win is likely to spur strong merchandise sales into Christmas. Those figures will not impact our bottom line until the end of the current fin year, presumably October 31 2018.
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But the Doggies have had a full year to rack up their numbers, we've had 6 weeks!
Keep watching those numbers rise! :clapping
?
Dont all numbers get released at the same time.
No issue my end on the numbers. Seems about right
Concise financial report is available on the club website
Waiting to see the full financials which have more detailed notes
Large increase in footy department spend, huge positive IMO
Seems light on
Hard to think Bulldogs could deliver a better profit with half the amount of members.
Perhaps other factors came into it but that profit is lower than the dogs and hawks
Bulldogs figures include their AFL handout of over $1 mil, we don't get that
What were people expecting? 5, 6 mil?
Prior to winning thr GF, i reckon you'd be looking at a profit of around $250-$500k. After winning the GF we've landed around where i thought we would
i was hoping about 4, but perhaps 3 to 3-5 is the mark for the big clubs
2 for the lower clubs
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Disappointing. Should have made twice that
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Next year's total will be more relevant. We need to build on this success.
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Next year's total will be more relevant. We need to build on this success.
Agreed. Money between Nov 1 - end March will be significantly up on last year. Get off to a good start and 80k in members beckons
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I'd also add nearly $10m in cash reserves is a cracking result. Gives us a much needed buffer should on field goes pear shaped.
I'd like to see the numbers for the leisure centres / notoriously low margin businesses that are super competitive
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Disappointing. Should have made twice that
????????
Is this a random thought or is there some accounting methodology behind it
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Disappointing. Should have made twice that
????????
Is this a random thought or is there some accounting methodology behind it
I think you’ll find that now we have won a premiership we need find something else to complain about.
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Maybe if people RECIEVED their orders and there was adequate stock they and others would be more likely to purchase items directly from the club instead of elsewhere or not at all.
Then theres the 25-40% mark up on just about everything which deters volume of sales.
Reckon it has and will cost the club big bikkies.
God damn amatuers.
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Next year's total will be more relevant. We need to build on this success.
Agreed. Money between Nov 1 - end March will be significantly up on last year. Get off to a good start and 80k in members beckons
Good points
Couple of other things to consider
Swinburne deal: only in place for just over a half a season. 2018 will be a first full year with it and the otber revenues that will come with that deal. We had record sponsorship in 2017, expect that to grow in 2018
Membership: while we had a record membership in 2017 I raise the question did we record membership revenue with that number. My view is unlikely. Why? Because as people on here even admitted they downgraded their membership this year based n what happened in 2016. That impacts on the revenue number. I would expect that to bounce back n huge way as peole upgrade to categories that guarantee GF tickets
Could throw up a few more but just wanted to highlight there's a number of things that impact on the overall result
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Then theres the 25-40% mark up on just about everything which deters volume of sales.
Reckon it has and will cost the club big bikkies.
God damn amatuers.
I'm going to cop a lot of flack for this I'm sure but I'll put my hand up and say the club lost 100-200 of my dollars due to this.
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Then theres the 25-40% mark up on just about everything which deters volume of sales.
Reckon it has and will cost the club big bikkies.
God damn amatuers.
I'm going to cop a lot of flack for this I'm sure but I'll put my hand up and say the club lost 100-200 of my dollars due to this.
You're not alone
Although I've bought all my GF merch via the club (still waiting btw) decided would go elsewhere for my 2018 Puma polo
Picked up a new one yesterday from Rebel
Make no apologies for doing it
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You're not alone
Although I've bought all my GF merch via the club (still waiting btw) decided would go elsewhere for my 2018 Puma polo
Picked up a new one yesterday from Rebel
Make no apologies for doing it
I ordered the limited edition premiership jumper for myself from the club about a week after the grandfinal. Still waiting for it.
1 month later, I ordered my son the limited edition premiership jumper from Rebel because the club had run out. Got the Rebel one within 48 hours, and I live in regional Western Australia.
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http://www.heraldsun.com.au/sport/afl/teams/essendon/essendon-records-51-million-profit-for-2017-season-a-15-million-turnaround-on-last-year/news-story/2d3a4d7c7f2d07dfb80d54289b95352e
Looks like the bombers are doing a better job in regards to revenue raising.
I’d personally rather premierships though.
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Same revenue but significantly higher profit most likely due to pokie money
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http://www.heraldsun.com.au/sport/afl/teams/essendon/essendon-records-51-million-profit-for-2017-season-a-15-million-turnaround-on-last-year/news-story/2d3a4d7c7f2d07dfb80d54289b95352e
Looks like the bombers are doing a better job in regards to revenue raising.
I’d personally rather premierships though.
Just started having look at the Full Financial report (more notes explaining things)
Nice little line in the Balance Sheet "Revenue Rec'd in Advance" showing a balance of over $2mil. This in part represents the merch sales not shipped. Bottom line would be significantly better if they had got on top of the little mess they have with all the sales not delivered :whistle :whistle
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http://www.heraldsun.com.au/sport/afl/teams/essendon/essendon-records-51-million-profit-for-2017-season-a-15-million-turnaround-on-last-year/news-story/2d3a4d7c7f2d07dfb80d54289b95352e
Looks like the bombers are doing a better job in regards to revenue raising.
I’d personally rather premierships though.
There is a $4million injection into the club from something similar to our TFF. Don't know the full details but expect this is for their proposed expansion of facilities
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http://www.heraldsun.com.au/sport/afl/teams/essendon/essendon-records-51-million-profit-for-2017-season-a-15-million-turnaround-on-last-year/news-story/2d3a4d7c7f2d07dfb80d54289b95352e
Looks like the bombers are doing a better job in regards to revenue raising.
I’d personally rather premierships though.
There is a $4million injection into the club from something similar to our TFF. Don't know the full details but expect this is for their proposed expansion of facilities
That's correct
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http://www.heraldsun.com.au/sport/afl/teams/essendon/essendon-records-51-million-profit-for-2017-season-a-15-million-turnaround-on-last-year/news-story/2d3a4d7c7f2d07dfb80d54289b95352e
Looks like the bombers are doing a better job in regards to revenue raising.
I’d personally rather premierships though.
There is a $4million injection into the club from something similar to our TFF. Don't know the full details but expect this is for their proposed expansion of facilities
*smirk ... $4mil injection ... *nudge nudge ... say no more Squire!
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http://www.heraldsun.com.au/sport/afl/teams/essendon/essendon-records-51-million-profit-for-2017-season-a-15-million-turnaround-on-last-year/news-story/2d3a4d7c7f2d07dfb80d54289b95352e
Looks like the bombers are doing a better job in regards to revenue raising.
I’d personally rather premierships though.
There is a $4million injection into the club from something similar to our TFF. Don't know the full details but expect this is for their proposed expansion of facilities
*smirk ... $4mil injection ... *nudge nudge ... say no more Squire!
Yet Garry and Watson on SEN just went on the raw 'profit' number this morning and were going on and on about Essendon being the biggest club in the country ::) :chuck
https://www.sen.com.au/news/2017/11/20/is-essendon-the-afl's-biggest-club-after-record-profit/