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Author Topic: Richmond makes operating surplus of $539,841  (Read 439 times)

Offline one-eyed

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Richmond makes operating surplus of $539,841
« on: November 22, 2024, 05:39:16 PM »
The Club has reported a modest operating surplus of $539,841 - prior to Punt Road Oval redevelopment fundraising - for the financial year ended 31 October 2024.

https://x.com/Richmond_FC/status/1859828222978032084
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Offline Go Richo 12

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Re: Richmond makes operating surplus of $539,841
« Reply #1 on: November 22, 2024, 07:34:53 PM »
1/2 a mil profit after two wins is a bonus.
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Offline WilliamPowell

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Re: Richmond makes operating surplus of $539,841
« Reply #2 on: November 22, 2024, 08:26:52 PM »
Received the full financials last night

You're spot on GR12, a very good result considering the season we had

From what iread so far which isn't much the stand out number to me is Aligned Leisure business. Revenues up by nearly $20 million on that line
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Online Hard Roar Tiger

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Re: Richmond makes operating surplus of $539,841
« Reply #3 on: November 23, 2024, 12:54:44 AM »
What is the EBIT of the Aligned Leisure business?
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“I find it nearly impossible to make those judgments, but he is certainly up there with the really important ones, he is certainly up there with the Francis Bourkes and the Royce Harts and the Kevin Bartlett and the Kevin Sheedys, there is no doubt about that,” Balme said.

Offline WilliamPowell

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Re: Richmond makes operating surplus of $539,841
« Reply #4 on: November 23, 2024, 09:21:32 AM »
Quote from: Hard Roar Tiger on November 23, 2024, 12:54:44 AM
What is the EBIT of the Aligned Leisure business?

That is not disclosed in the Club’s financials (doesn't need to be)

Would be in the Aligned Leisure financials which are separate. As the controlling entity all the club is required to include is the revenue and expense from it.

All I can say is the 2 lines in the financials that relates to Aligned Leisure and community programs is that year on year

Revenues for the grouping Health, Fitness and Community Programs is $58.7 mil in 2024 -v- $39.9 mil in 2023

Expenses for the same grouping is $58.6 mil in 2024 -v- $41.7 mil in 2023

And before folks go jumping up and down about that only being $100k profit in 2024 a couple of key points

The grouping includes costs to run the KGI, BH Foundation, Richmond Institute and other community programs the Club is involved in. So the positive becomes the revenue from Aligned Leisure etc enables the Club to run these programs which it needs to do. These programs assist in getting govt funding for things like the redevelopment

I read the full financials last night and when you factor in everything that was season 2024 it is a bloody good result IMVHO
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"Oh yes I am a dreamer, I still see us flying high!"

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Online Hard Roar Tiger

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Re: Richmond makes operating surplus of $539,841
« Reply #5 on: November 23, 2024, 01:18:19 PM »
I’d like to know the EBIT or net contribution Willy - as should you - principally because our new CEO has come from that business unit and we all know revenue generated means little until you subtract the cost base that generates it. That industry is super competitive and RFP’s require razor sharp margins to win so until we see the specifics on what profit that business is making - jury out on the business and the CEO.
I understand club “doesn’t need” to post ebit or net contribution but they should. Good businesses give relevant transparency beyond what is required to:/
1)Highlight the value they are creating
2)Give full transparency o+a minimums to build trust.

Do it Tigers. Show us this latest appointment has substance.
Jobs for the boys would be a catastrophic mistake which hopefully we learned when we appointed (and sacked) Flukey Lukey
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“I find it nearly impossible to make those judgments, but he is certainly up there with the really important ones, he is certainly up there with the Francis Bourkes and the Royce Harts and the Kevin Bartlett and the Kevin Sheedys, there is no doubt about that,” Balme said.

Offline one-eyed

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Re: Richmond makes operating surplus of $539,841
« Reply #6 on: November 24, 2024, 08:09:04 PM »


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Offline one-eyed

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Re: Richmond makes operating surplus of $539,841
« Reply #7 on: November 24, 2024, 08:09:19 PM »
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