The AFL announced it will inject $7.95 million into the Tigers over the next five years (2012 - 2016) as part of its strategic investment to ensure strong, viable clubs and the health of the competition.
The $7.95 million investment comprises a $3.25 million component - an amount provided to each AFL club as a base figure - and a further $4.7 million discretionary investment to assist Richmond in meeting its strategic targets.
“This is a very significant contribution towards the future of the Richmond Football Club and we congratulate the AFL on the investment they have made in the long-term health of the competition,” Gale said.
“The Club will continue to drive its Fighting Tiger Fund and the successful achievement of FTF targets, combined with the AFL investment announced today, gives us a wonderful opportunity to not only compete, but succeed, on and off the field.
“We believe we have taken some important steps to enhance our elite football program in the past two years. Equally, we have developed an administration and a business model that will ultimately underpin this program into the future.
“We presented a strategic plan to the AFL and we are pleased they have bought into our direction. Now, more than ever, we must work hard as a football club to ensure we deliver results on and off the field.
“Our members and supporters have provided this Club with sensational support and I know they will continue to do so. We also have excellent corporate partnerships and a board and management with a clear plan.
“We are committed to delivering all our stakeholders what they want and today’s announcement is an important step forward.”
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