Richmond will report a deficit of $80,257 for the financial year
Richmond will report a deficit of $80,257 for the financial year ended 31 October.
The Club generated an operating surplus of $1.2 million but after amortisation and depreciation, a small loss will be reported.
The Club generated revenue of $47.5 million, an increase of $825,000 year-on-year.
Richmond’s $459,000 profit in 2015 was the result of record sponsorship revenue, record membership and record crowds.
On-field performance saw match day attendances drop 14.6% across the season and this had a significant impact on the final result, as did bad debts related to two club sponsors which totalled more than $300,000.
