AFL – Tigers to post 500k profit, Hawks in the money, Crows/Power in the Black
Richmond Tigers record $500,000 profit
The Age reports that while the pain of its third straight elimination final defeat continues to haunt the Richmond psyche, the Brendon Gale-led administration will record its seventh straight profit to the tune of $500,000 for 2015. Having eliminated the last of its debt two years ago, the club now boasts significant cash reserves.
Hawks register a $3.33 million profit for season 2015
The Age reports Hawthorn have announced their third consecutive $3 million-plus operating profit for season 2015 on the back of their historic three-peat of premierships.The Hawks recorded a $3,332,972 windfall this year – their ninth seven-figure profit in a row – following on from 2014 ($3,420,400) and 2013 ($3,118,672).
Also reported in the Heraldsun.
Both Adelaide and Port Adelaide record profit
The Advertiser reports that ADELAIDE Oval’s new stadium deal — that was to pump an extra $3.1 million to the Crows and Power this year — has achieved its first win on the AFL clubs’ balance sheets.
For the first time since 2007, both the Adelaide and Port Adelaide football clubs will post profits.
This is an extraordinary turnaround for the Power after reporting a $2.5 million loss last year. Port Adelaide has not been in the black on its profit-and-loss statements since reporting a $927,000 surplus in its 2007 AFL grand final season.
And the Crows — who lost $408,000 — will declare a modest profit despite playing only 10 home games at Adelaide Oval this year. All budgets were met at West Lakes despite the Crows taking a financial hit in cancelling its home clash with Geelong on July 5, two days after the death of senior coach Phil Walsh.
