Record membership, record sponsorship and record crowds have been the cornerstone of Richmond’s $4.1 million profit for the year ending October 31.
The Club generated total revenue of $92.6 million, a 16% increase year-on-year.
“This is another strong result and clearly our on-field success and loyal fans have underpinned this number,” Richmond President Peggy O’Neal said.
“Our football teams performed brilliantly and our fans gave them magnificent support - collectively it has put the Club in the most financially-stable position in its history.
“We also enjoy wonderful corporate support, particularly from our joint major partners Jeep and nib.
“Our subsidiary businesses Aligned Leisure and the Richmond Institute of Sports Leadership continue to grow and strengthen the overall financial health of our business.
“A clear vision for the business and high-quality management is also a pre-requisite if these results are to be delivered and I would like to take this opportunity to thank the Board, our CEO Brendon Gale, his management team and the staff for all their hard work.
The Club is debt free with cash reserves of $24.4 million.
“Importantly, we have achieved all this while playing a meaningful role in the broader community. Creating social value goes to the heart of who we are as a Club,” O’Neal said.
“The Korin Gamadji Institute (KGI) continues to empower young Indigenous people while the Bachar Houli Foundation has now been formally established, and will be embedded as part of the Club’s community program, cementing the legacy of a great Australian.
“Just under $300,000 has been raised this year for our preferred charity partner the Alannah and Madeline Foundation thanks to the wonderful support of our fans.”
Highlights
• Richmond’s official membership number of 103,358 was another Club record and represented growth of 2.6% year-on-year.
• The Club attracted average home crowds of 59,987 – the highest in the AFL for the third year running.
• The Club attracted total home and away and finals attendance of 1.35 million (AFL #2)
• Our marquee matches again delivered excellent attendances.
Season Opener v Carlton 85,016
Dreamtime at the 'G 80,176
Anzac Eve 72,704
• Six of the 10 biggest games of the season featured Richmond.
• Richmond’s total TV audience across home and away and finals was 20.46 million (AFL#1)
