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IMPORTANT // Please look after your loved ones, yourself and be kind to others. If you are feeling that the world is too hard to handle there is always help - I implore you not to hesitate in contacting one of these wonderful organisations Lifeline and Beyond Blue ... and I'm sure reaching out to our PRE community we will find a way to help. T.
$4.2M Profit in 2018
- Thread starter taztiger4
- Start date
I wonder if they had blown any funds on merchandise in preparation for a possible back to back premiership? I am sure they would have been better prepared than last year, but probably had to pay deposits etc.
taztiger4 said:
https://www.theage.com.au/sport/afl/jack-dyer-stand-may-go-in-60m-punt-road-oval-redevelopment-20180907-p502dv.html
the proposed club project is $60 million (compared to the $200 million Tarneit stadium complex), but I'm sure it could done for less if you dump the Islamic Academy, the accomodation associated with it, and expansion of the Korin Gamadji Institute. all we need is a rebuld of the Jack Dyer stand, a proper social club underneath it, better lighting and the Swinburne Centre facelift.
Paywalled article on this topic in today's Herald Sun.
Cash reserves of $13.7m sounds pretty good, especially compared with a debt of millions less than a decade ago.
Link to financial report: https://s.afl.com.au/staticfile/AFL%20Tenant/Richmond/Files/Concise%20Financial%20Report%202018.pdf
Cash reserves of $13.7m sounds pretty good, especially compared with a debt of millions less than a decade ago.
Link to financial report: https://s.afl.com.au/staticfile/AFL%20Tenant/Richmond/Files/Concise%20Financial%20Report%202018.pdf
Since when did a concise report become 4 pages of financials and 18 pages about the Board members LOL
It’s a fantastic result but very much expected on the back of 2017. One thing which probably needs explaining is our revenue increased by $14.6 million this year but our profit only went up $1.1 million compared to 2017. That’s a concerning number . There’s one hell of a lot of expenses to get that extra million. Essendons 2017 profit was 5million and there were no grand finals involved. I also hope the members get a decent social club/ hotel where everyone can go. Eat em alive !
LeeToRainesToRoach said:
Lets just buy #lolnorf - So we dont have to listen to their *smile* supporters any longer
realtiger said:
Essendon had the drugs saga and their fans have been buying in once it was over. Plus they just missed out on the 8. Our revenue is 15 million more meaning we can allocate a lot more money for recruiting, staff in specific areas, developments etc
RFC have almost 14 million in cash reserves, Ess is about 4 million in debt. Bombers 2018 net operating profit is $2,321,871
Richmond will report a profit of $4.21 million for the financial year ended October 31. The Club’s operating profit was $5.54 million before amortisation and depreciation.
The Club generated total revenue of $79.8 million, an increase of $14.6 million year-on-year.
Harry said:
we'll have to wait til the other clubs release their figures, but we were 8th in 2016 based on revenue of about $45 million. collingwood and Hawthorn were in the low 70s that year. so we would be in the top 4 (at least) in 2018. i suspect the eagles might be number 1 though.
Harry said:
We are top 3 surpassed the hawks who are on 74 mill
Us 79.8 mill
Pies 82 mill
Eagles haven’t released yet but I reckon they’ll be No 1
i can't imagine the percentage of 3 game memberships compared to total memberships is any different for us compared to any other club. they all sell them.Tigermad2005 said:
