Collingwood report 7m statuory profit for 2022
The return of unrestricted match-day attendance combined with the incredible support of Collingwood Members and supporters during 2022 resulted in Membership & match day revenues increasing by $6.6 million while improved corporate support for match day events and the Club’s Glasshouse business saw Collingwood’s corporate hospitality revenues increase by $7.6 million. After a challenging couple of years impacted by the ongoing COVID-19 pandemic, the Club was able to continue to build its cash reserves and protect its net asset position. This was due to the contribution of Club Members and premier partners (Emirates Airlines, KFC, La Trobe Financial, Nike and AIA), as well as strong support from the Victorian Government. Total revenue excluding government revenue and other abnormal items grew by $18 million compared to 2021 figures and the Club’s net asset position stands at $49.4 million.
Collingwood have reported a comprehensive profit of 7.3m for 2022 on revenue of 75.3m the year.
Membership/Gate revenues rose from 21m to 28m, Commercial revenues rose from 13m to 18mhttps://t.co/OX7v8y7jNq pic.twitter.com/t0RB0J78rK
— sportsindustry (@footyindustryAU) November 23, 2022
