THE CARLTON Football Club is pleased to today announce a net operating profit of $1,282,346 for 2021, up on the operating break-even result achieved in 2020 of $34,639.
This operating result has contributed to the Club declaring a statutory net profit position of $20,257,029 for the year ended 31 October 2021 – inclusive of government grants and philanthropic contributions towards the IKON Park Redevelopment, which has now surpassed 50 per cent completion.
As a result of these continued impacts of COVID-19, the Club’s revenue from operating activities was down 13 per cent from pre-COVID-19 results in 2019. However, the Club continued to navigate its way through the challenges faced and was able to accomplish arguably its most significant off-field achievement of the last 25 years.
In January 2021, with significant thanks to the fantastic support of Carlton members and key stakeholders, the Club was able to eliminate its remaining $4 million of historical debt – ensuring the Carlton Football Club is now debt free for the first time since 1996.
CARLTON Football Club reports a net operating profit of $1,282,346 for 2021 and a statutory net profit position of $20,257,029. https://t.co/78fbG0rmVB pic.twitter.com/6a34C8HgsN
— sportsindustry (@footyindustryAU) December 3, 2021
