The Richmond Football Club has reported an operating profit of $1,329,530 for the year ended October 31, 2014.

The financial result is the 10th consecutive year of profit for the Tigers. The Club remains debt free, and has improved its net asset position from $22.38 million to $23.71 million.

“Recording a decade of consecutive profits is a fantastic result for the Club, given the highly competitive and variable environment in which we operate,” said Richmond President Peggy O’Neal.

“Importantly, we have recorded this result while increasing our football department expenditure by $1.9 million. This includes investment in the Club’s standalone VFL team and coaching and player conditioning resources.”

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The Club also continued to invest in the ME Bank Centre, by undertaking significant works around Punt Road Oval to upgrade spectator facilities, which benefits not only its members, but the wider community.

Fundraising, match-day and AFL distribution revenues were down on 2013 figures.

“This is a sound financial result, and I would like to acknowledge our loyal members, sponsors, corporate partners and Fighting Tiger Fund contributors, for their ongoing unwavering support,” O’Neal said.

“It is important that we have a robust and stable business to support our football team and to give it every opportunity to succeed. We will continue to work hard to deliver success on behalf of our members and supporters.”

2014 highlights
- Record net membership revenue of $7.6 million, representing 66,854 members
- Record sponsorship net revenue
- Record coterie net revenue
- Continued investment and support provided to the Korin Gamadji Institute
- Continued investment and support provided to the Club’s preferred charity partner, The Alannah and Madeline Foundation

Download a PDF version of the 2014 Richmond Concise Financial Report