From the President's report. Big claim to make if it isn't true.
Can you provide details?
From the 2015 AR:
The Club has reported a net profit of $458,586 for the financial year ended 31 October. This is the Clubs 11th consecutive profit an outstanding result given we operate in such a competitive market. The Club achieved this result off a revenue base of $46.7 million, an increase of $2.3 million year-on- year.
Pleasingly the Club now has cash reserves in excess of $2 million. This represents a turnaround of almost $7 million based on our debt position five years ago. At the same time the Club has significantly increased its investment in football. In 2015, for example, the Club invested $8 million more in football that in did in 2010.
The Clubs net asset position increased over the year to $24.2 million. 2015 Highlights
Home and away attendances of 1.05 million which ranked us number one in the AFL.
TV audiences of 16 million, representing an increase of 13%.
Record sponsorship revenue.
Record corporate and coterie revenue.
Record membership of 71,339.