Richmond Football Club posts $217,727 Profit | PUNT ROAD END | Richmond Tigers Forum
  • If you are having trouble logging in to the forum please contact [email protected] // When reseting your password or awaiting confirmation please check that your email is correct and also your junk/spam emails.
  • 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.

Richmond Football Club posts $217,727 Profit

waiting

Tiger Legend
Apr 15, 2007
9,731
4,288
melbourne, victoria
Posted a couple of hundred grand profit, similar to us. Mind you, they get massive equalisation overs from the AFL to keep them afloat. Also claim that they've fully paid out their previous two coaches, so there's no ongoing debt bar about half a mill total.
Sorry TM just posted further to yours above.
I believe the remaining debt is quite small. I did hear it somewhere and was amazed at the figure. Now I can’t remember it.
 

seven

Super Tiger
Apr 20, 2004
21,968
4,692
North posted I believe a $200k profit.
They have nearly wiped their massive debt clean ( think within 10) years. They expect to be debt free next year.
Wha...
thought covid would have crippled them.
 
  • Like
Reactions: 1 users

mrposhman

Tiger Legend
Oct 6, 2013
8,663
4,624
You might find their afl div is plus 5m on ours

Yep waiting to see what the AFL payments to clubs is. The more appropriate way to review clubs, is splitting the AFL payments between TPP and dividends. For example, with North I expect them to have profited from the TPP (ie. I doubt they paid 100% of the TPP this year unlike the Tigers) and I'd hazard a guess that their dividend is much higher.

Would be interesting to see what losses each club makes excluding AFL dividends. Reckon you'd see as very varied set of financials. They are currently warped by the divi. Ie. I fully expect Richmond to make a lower net loss excluding divis compared to North.
 

turk-d-tiger

Welcome to Richmond Football Club - Daniel Rioli
Dec 1, 2007
3,469
701
melbourne
I think North would be the least effected by Covid
Pre Covid crowds - 6,000 a game
covid crowd - 5,800 a game playing in queensland and away
 
  • Like
  • Haha
Reactions: 4 users

caesar

Tiger Champion
Feb 9, 2015
4,310
4,852
Sun headline today:

'Flag plus $10million in jobkeeper barely keep Tigers afloat'

Meanwhile Bulldogs post $1.8 million profit o_O , (which does not include the sale proceeds they received from the sale of their gaming ventures).
 
  • Wow
Reactions: 1 user

seven

Super Tiger
Apr 20, 2004
21,968
4,692
How can these clubs post a profit?
all I kept hearing was financial disaster for clubs. But here we are reading the opposite
 
  • Wow
Reactions: 1 user

DavidSSS

Tiger Champion
Dec 11, 2017
4,182
4,729
Melbourne
Sun headline today:

'Flag plus $10million in jobkeeper barely keep Tigers afloat'

Meanwhile Bulldogs post $1.8 million profit o_O , (which does not include the sale proceeds they received from the sale of their gaming ventures).

Clearly Footscray don't need subsidies.

DS
 

mrposhman

Tiger Legend
Oct 6, 2013
8,663
4,624
How do they make a profit like that in a year like this? Something very fishy about that result.

Looks like they got the razor sharp knife out. They reduced footy department spend by $7.1m down from $25.9m (27.5%) compared to the Tiges $4.8m reduction from $28.4m or 16.9%.

I'm starting to compile a list of each clubs income statements to see how each club has done things differently. Its not all that easy as every club reports things differently.
 
  • Like
Reactions: 6 users

mrposhman

Tiger Legend
Oct 6, 2013
8,663
4,624
Clearly Footscray don't need subsidies.

DS

They received $3.5m compared to our $10.8m. Looking at the decline in health and fitness revenue (but similar costs to 2019 for the Tiges) then I suspect the big difference is mainly in health and fitness which the Dogs don't operate in that segment.
 

mrposhman

Tiger Legend
Oct 6, 2013
8,663
4,624
The Blues well and truly on the spin machine. Haven't even stated how much they received in JobKeeper. I suspect they have shown it as cost recovery and therefore not broken it out at all.
 

No 4

I did what I did for the Tigers - Bridget
Feb 11, 2005
3,354
480
nunawading/mitcham
Wouldn't get too worried. Two things:
1. We won the premiership in Oct and the books closed at 31/10? someone can confirm this? Nevertheless, it doesn/t incorporate sales from merchandise, I expect the benefit of this to flow back in 2021 and new sales for 2021 year. This should be a sizable amount.
2. fitness business, should start rolling and peaking mid feb 2021, this will be sufficient income.
 
  • Like
Reactions: 1 users