Aligned Leisure

[Tigers of Old]

Some good news among the gloom. Well done Tiges.

Richmond has a win, off the field at least

Richmond's Aligned Leisure business has secured a vital contract in a time football needs a win.

www.brisbanetimes.com.au

 

[DavidSSS]

Good move to have a business outside of footy. This is long term thinking, I like it.

DS

 

[leon]

Good move to have a business outside of footy. This is long term thinking, I like it.

DS

That's another great step for RFC. It's worth noting that not long ago the Nillumbik area was regarded as a Colonwood stronghold with Diamond Creek pub and supposed links to DV League football teams.

 

[taztiger4]

Aligned Leisure extends into NSW

Richmond's Aligned Leisure business continues to grow with the opportunity to manage the new Bay Pavilions in Batemans Bay, Moruya War Memorial Pool and the Narooma Swimming Centre.

www.richmondfc.com.au

 

[caesar]

Aligned Leisure extends into NSW

Richmond's Aligned Leisure business continues to grow with the opportunity to manage the new Bay Pavilions in Batemans Bay, Moruya War Memorial Pool and the Narooma Swimming Centre.

www.richmondfc.com.au

A bit surprised we are still expanding I wouldn't of thought these businesses have done well during covid and not sure how quick the post Covid bounce back will be. I guess if you hitch your wagon to something and have strong convictions you may as well ride it out.

 

[Baloo]

A bit surprised we are still expanding I wouldn't of thought these businesses have done well during covid and not sure how quick the post Covid bounce back will be. I guess if you hitch your wagon to something and have strong convictions you may as well ride it out.

There's probably some fire sales happening where centres without our financial backing can't deal with the lockdowns. It's building a base to accelerate from when/if we can live with Covid without restrictions.

 

[saigon tiger]

The Batemans Bay center is still under construction and should be up and running after Christmas all goes well.

 

[taztiger4]

Its a big business now

Uncovering Aligned Leisure: Behind Richmond’s key diversified business

Learn more about Richmond's fully-owned subsidiary business, Aligned Leisure.

www.richmondfc.com.au

 

[Tigers of Old]

Is it making money yet though?
Hopefully it enables us to get out of poker machines ASAP.

 

[spook]

One of Benny's great legacies.

 

[Tigers of Old]

There's clearly a heck of a lot of work that's gone into this & Benny & the club should definitely be proud of looking to diversify our business model.
I just don't understand though why we continue to remain in poker machines. It just seems to go completely against club ethos & remains a stain on our footy club.

 

[nikolasmia]

Is it making money yet though?
Hopefully it enables us to get out of poker machines ASAP.

great question

Always a blurry answer in the financials

I mean if it turns over $67m, and richmond turn over $80m, what are we a $147m business?

We would be the biggest in the AFL by a mile

 

[theglove3]

Great revenue stream by the club.

Was this another Benny brain child?
(Has future proofed the club, that man.)
Clever also, not actively showing who the parent coy is.
A lot of Baggers, EssenDoomers etc unknowingly directing their cash to us.

I assume Shane won't be able to do both jobs.

 

[caesar]

This is an extract from below HS article which has the most comprehensive club by club comparison in off-field strength, disappointingly it has us recording a loss on the Aligned Leisure business?

Business scale​

An expanding gym empire has Richmond on top as the club that turned over the most money last year.

The Tigers led all comers with $125m in revenue last year and ended with a profit of $2.8m.

Their fitness, health and communities forays – led by Aligned Leisure – drew in $58.7m in revenue alone, more than the total revenue of three rival clubs in Melbourne, Gold Coast and North Melbourne.

But pushing tin hasn’t made Richmond rich, the losses from that part of the club left a profit of just $63,265, so revenue doesn’t always mean profit.

Loading…

www.heraldsun.com.au

 

[larabee]

This is an extract from below HS article which has the most comprehensive club by club comparison in off-field strength, disappointingly it has us recording a loss on the Aligned Leisure business?

Business scale​

An expanding gym empire has Richmond on top as the club that turned over the most money last year.

The Tigers led all comers with $125m in revenue last year and ended with a profit of $2.8m.

Their fitness, health and communities forays – led by Aligned Leisure – drew in $58.7m in revenue alone, more than the total revenue of three rival clubs in Melbourne, Gold Coast and North Melbourne.

But pushing tin hasn’t made Richmond rich, the losses from that part of the club left a profit of just $63,265, so revenue doesn’t always mean profit.

Loading…

www.heraldsun.com.au

"pushing tin"? I didn't know RFC had moved into the Air Traffic Controller space...
probs mean Pumping Iron, but trust the HS not to get everything right (right, geddit?)

 

[Never 9th]

This is an extract from below HS article which has the most comprehensive club by club comparison in off-field strength, disappointingly it has us recording a loss on the Aligned Leisure business?

Business scale​

An expanding gym empire has Richmond on top as the club that turned over the most money last year.

The Tigers led all comers with $125m in revenue last year and ended with a profit of $2.8m.

Their fitness, health and communities forays – led by Aligned Leisure – drew in $58.7m in revenue alone, more than the total revenue of three rival clubs in Melbourne, Gold Coast and North Melbourne.

But pushing tin hasn’t made Richmond rich, the losses from that part of the club left a profit of just $63,265, so revenue doesn’t always mean profit.

Loading…

www.heraldsun.com.au

Paywall bypass for the full article: https://archive.md/q0ucV

 

[nikolasmia]

This is an extract from below HS article which has the most comprehensive club by club comparison in off-field strength, disappointingly it has us recording a loss on the Aligned Leisure business?

Business scale​

An expanding gym empire has Richmond on top as the club that turned over the most money last year.

The Tigers led all comers with $125m in revenue last year and ended with a profit of $2.8m.

Their fitness, health and communities forays – led by Aligned Leisure – drew in $58.7m in revenue alone, more than the total revenue of three rival clubs in Melbourne, Gold Coast and North Melbourne.

But pushing tin hasn’t made Richmond rich, the losses from that part of the club left a profit of just $63,265, so revenue doesn’t always mean profit.

Loading…

www.heraldsun.com.au

This is a very powerful asset to own

Aligned Leisure is a scalable business that offers incredible opportunities to the club

Profit is irrelevant at this stage, and the fact that is turns over $60 m makes us the envy of every sporting organisation in Australia.

 

[Tigertool]

This is an extract from below HS article which has the most comprehensive club by club comparison in off-field strength, disappointingly it has us recording a loss on the Aligned Leisure business?

Business scale​

An expanding gym empire has Richmond on top as the club that turned over the most money last year.

The Tigers led all comers with $125m in revenue last year and ended with a profit of $2.8m.

Their fitness, health and communities forays – led by Aligned Leisure – drew in $58.7m in revenue alone, more than the total revenue of three rival clubs in Melbourne, Gold Coast and North Melbourne.

But pushing tin hasn’t made Richmond rich, the losses from that part of the club left a profit of just $63,265, so revenue doesn’t always mean profit.

Loading…

www.heraldsun.com.au

Allied health made a $1.5m profit in 2023 on $41m revenue which it leaves out.

Revenue then grew almost 50% year on year to $58m. It's actually impressive to achieve breakeven after a year of growth like that. Once the business is mature and growing more modestly you'd trim the fat and hopefully see decent sized profits.

We'd only be concerned about small profit/losses on mature businesses that are barely growing. It's a significant asset if it continues the way it's going.

 

[Tigers of Old]

This is a very powerful asset to own

Aligned Leisure is a scalable business that offers incredible opportunities to the club

Profit is irrelevant at this stage, and the fact that is turns over $60 m makes us the envy of every sporting organisation in Australia.

I agree. The way the club has grown Aligned Leisure is damn impressive.

 

[caesar]

Allied health made a $1.5m profit in 2023 on $41m revenue which it leaves out.

Revenue then grew almost 50% year on year to $58m. It's actually impressive to achieve breakeven after a year of growth like that. Once the business is mature and growing more modestly you'd trim the fat and hopefully see decent sized profits.

We'd only be concerned about small profit/losses on mature businesses that are barely growing. It's a significant asset if it continues the way it's going.

Glad you added some context.

Cheers