Sports Industry AU

What happens off the field in Australian Sport

AFLfinance

The Collingwood Football Club has announced an operating profit of $1,873,949 for 2021, and a statutory result being a net loss of $692,864.

Despite the ravages of a second consecutive COVID-affected year, the club was able to build its cash reserves and protect its net asset position. This was due primarily to a significant contribution from members, an exceptional suite of premier partners that included Emirates Airline, La Trobe Financial, Nike and CGU and a strong performance from the club’s Future Fund.

A snapshot of Collingwood’s 2021 financial year:

*Total club revenue of $53m (2020: $47.5m)

*Operating profit before depreciation and amortisation of $1,873,949 (2020: $1,028,336)

*Net Loss of $692,864 (2020: $1,807,130)

*Membership figure of 82,827 (2020: 76,931)

*Cash or cash equivalents on hand of $11.8m (2020: $8,304,967)

Read the full Annual Financial Report here.

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Jason Lassey

Ive been collecting and publishing Sports related crowd, financial, and ratings data here and on twitter for about 12 years.

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