Richmond Football Club has confirmed it will wipe about $1million off if its debt this financial year thanks to the establishment of the Fighting Tiger Fund.
In keeping with the Club’s plan to split money raised between reducing debt and investing in football, the Club will also invest significantly in meeting football department needs - most notably around the critical upgrade of the Punt Road Oval surface.
When completed, this state-of-the-art surface will support a high-performance program that will ensure no stone is left unturned in the preparation and development of the playing group.
The balance of money pledged to the Fighting Tiger Fund thus far will flow to the Club next year in line with payment terms arranged with some donors.
“It is fantastic result and a credit to the people that have supported this campaign - they have made a very real contribution towards making this Club great again,” Richmond CEO Brendon Gale said.
“We will have some exciting new initiatives that we will announce in the coming weeks to help drive us to the Fighting Tiger Fund target of $6 million.
“If we can reach that number, Richmond members and supporters will have helped us build the financial muscle that will allow us to compete on a level playing field with the rest of the competition.
“This is a united club on and off the field. We have great confidence in the direction we have set and our uncompromising approach will ensure we continue to build on the progress we are making.”
