Bulldogs record consecutive profit

[bornadog]

Link (http://www.westernbulldogs.com.au/news/2015-12-11/dogs-report-profit?camefrom=EMCL_887010_36050508)

http://s.afl.com.au/staticfile/AFL%20Tenant/WesternBulldogs/Photo%20Galleries/2015%20-%20Galleries/Sutton%20Medal/409126-tlsnewslandscape.jpg

For the second consecutive year, the Western Bulldogs Football Club has delivered a strong financial result, reporting a profit of $388k for 2015.

The positive result was underpinned by annual revenue of $41, 321,293, up $3.78 million on last year.

The strong revenue growth was accompanied by record club membership of 36,122 in 2015.

FINANCIAL REPORTS: Click here to download the Western Bulldogs' 2015 Financial Report. (http://s.afl.com.au/staticfile/AFL%20Tenant/WesternBulldogs/Images/BulldogsTV/2015/FIN0003%202015%20Financial%20Report%20LR.pdf)

These results have enabled the Western Bulldogs to invest an additional $2.5m into our football department in 2015, up from $1.8m in 2014 - a $4.3m increase over two years.

Club President Peter Gordon said the Club was really pleased with the result.

"We've increased revenues over pretty much all income activities of the Club including membership, sponsorship and other financial support from our members and supporters".

"It's also worth pointing out that football club revenues over the past two years have increased by $7.3 million of which only $1.1million has come from enhanced AFL competitive balance measures. Themajority of our revenue growth has come from the Club's main operating activities.

“We think this shows that competitive balance measures, far from making clubs complacent, can actually assist in generating organic growth in the business. Put another way, 72% of our revenue growth is due to the club's efforts and not the AFL's.”

"I would like to thank our loyal members, sponsors and corporate partners for their ongoing support in 2015.

“I also want to sincerely thank our staff and our players. Their hard work and relentless dedication turned a year of considerable challenge into one which will long be remembered and which builds an unprecedented opportunity over the next several years."

Gordon called on the Bulldog community to get behind the Club by signing up as a Member in 2016 - to ensure we continue to build on the fantastic momentum achieved this season.

Notable achievements in 2015 for the Western Bulldogs include;
1.) Record Club revenue of $41,321,293 up $3.78m on last year.
2.) Record Club membership of 36,122.
3.) Additional investment of $2.5m in football department up from $1.8m in 2014.
4.) Five year multi-million dollar partnership with the State Government to support the Clubs expansion into Ballarat and Western Victoria.
FINANCIAL REPORTS: Click here to download the Western Bulldogs' 2015 Financial Report. (http://s.afl.com.au/staticfile/AFL%20Tenant/WesternBulldogs/Images/BulldogsTV/2015/FIN0003%202015%20Financial%20Report%20LR.pdf)

[bornadog]

Great work by Peter and the team - well done and let's build and continue the success, off the field and especially on.

[LostDoggy]

Gee the extra $4.3m into the football department over the past 2 seasons is impressive. The theory is that greater spending leads to better results which leads to greater support, sponsorship and revenue creating a positive cycle. That theory is looking on track, but the next year or 2 are so, so crucial for our club.

[Ghost Dog]

Our total profit equals the budget for Manchester United's end of year trip to Ibiza.

[BulldogBelle]

Our total profit equals the budget for Manchester United's end of year trip to Ibiza.

l think you meant revenue not profit.;)

[Twodogs]

l think you meant revenue not profit.;)

Yep. They wouldn't get out of bed for 388, 000 measley dollars let alone traipse all the way to Ibiza.

[GVGjr]

Excellent effort once again by our President and the team at the Whitten Oval especially when considering we are increasing our spend on the footy department.

I dearly hope that we start recording profits in excess of $600K in the not too distant future because it will just give us considerable opportunities to retire debt or invest more into revenue streams.

Peter has certainly steadied the ship and has us focused on a long and successful future.

[Eastdog]

This is great news for our club as in the past financially we haven't been in the best shape but now things have changed and we are doing very well making a another profit. Let's keep it up.

[w3design]

If this doesn't resemble a successful growing developing club..
So many people/companies/supporters/sponsors to thank...
This is a far cry from the merger threat which nearly destroyed our club..
For as long as we have the right people in the right positions at the kennel..
That itself will guarantee success..
Thankyou to all concerned..
Supporting the doggies has been an incredible journey

[Twodogs]

If this doesn't resemble a successful growing developing club..
So many people/companies/supporters/sponsors to thank...
This is a far cry from the merger threat which nearly destroyed our club..
For as long as we have the right people in the right positions at the kennel..
That itself will guarantee success..
Thankyou to all concerned..
Supporting the doggies has been an incredible journey

It certainly has. The ultimate high is yet to come but the full dress rehearsal that was the Footscray premiership went pretty well.

[bulldogtragic]

Imagine what Edgewater should've done to these and future figures.

With the years of on field success we hope we are seeing soon, we need to make some serious hay while the sun shines. Get rid of the debt and set up new income generating opportunities. A premiership cup or 4 might help the cause.

[Twodogs]

We have to get a licensed social venue somewhere in the West. And build one or get one in West Footscray. Knocking that awful building on the corner of cross street and Gordon sreet and locating it there would be a good idea.

[Eastdog]

We have to get a licensed social venue somewhere in the West. And build one or get one in West Footscray. Knocking that awful building on the corner of cross street and Gordon sreet and locating it there would be a good idea.

Id say we have the Whitten Social club at Etihad as a social type venue for our supporters but yes it would be logical to have a licensed venue at the Whitten Oval. The 2 we have currently are Club Leeds in Footscray and the Peninsula Club in Dromana.

[LostDoggy]

http://www.heraldsun.com.au/sport/afl/teams/western-bulldogs/western-bulldogs-president-peter-gordon-helps-club-post-388000-profit-in-2015/news-story/75884d2382e13b70f778e966e2ac6754

This breaks the figures down a little more.

What a man PG is. So hope he's at the helm when we raise our next Cup.

[LostDoggy]

It is important to keep things in perspective. We recorded a $388k profit after a $1mill donation from PG, $2.8 mill from the AFL future fund and our debt remains at $9.75 mill.

No doubt we are heading in the right direction, but there is a lot of work still to do.

[Yankee Hotel Foxtrot]

Im very grateful for PG's massive donation, and I'm sure our executive are doing everything they can to steer us towards producing a more sustainable financial result. However it really does highlight how precarious our situation is and how urgent it is that we find ways to grow our revenue base. How long can we expect to have $1m donations coming in to bolster our bottom line?

[Throughandthrough]

There's a difference between donations and profit. PG has lent one million to the club interest free,(a truly magnificent gesture) the million won't count towards profits or income but the interest savings vs borrowing a mill from the bank (let's say $48k) definitely helps our profit and loss and costs.

[LostDoggy]

The article is a bit confusing in that regard T&T. It states PG gave the club a $1mill interest free loan in 2013, which the club repaid in 2015. He subsequently then 're-donated' the million. Not sure if that means re-lent, or just donated?

[azabob]

The article is a bit confusing in that regard T&T. It states PG gave the club a $1mill interest free loan in 2013, which the club repaid in 2015. He subsequently then 're-donated' the million. Not sure if that means re-lent, or just donated?

I took at is he gave it back as a donation.

[LostDoggy]

I took at is he gave it back as a donation.

I did too, but it's poorly worded. If the original money was a loan, the 2nd transfer is not a re-donation. Either way doesn't quite make sense.

[GVGjr]

Peter Gordon continues to do everything he can to turn our club into a successful one.
I just hope we get a a big spike in memberships and attendance at games as a way of saying thanks for all his efforts.

[LostDoggy]

http://www.theage.com.au/afl/afl-news/afl-season-2016-debt-down-but-losses-mount-for-afl-clubs-20160206-gmnb1h.html

This article paints our financial position in a fairly healthy light compared to a few of the other Victorian clubs.

Over the 2 years on the table, our combined profit is third highest, only behind Hawthorn and Collingwood.

Our revenue has steadily grown over each of the past 5 years and is now well higher than North and StKilda's.

Given strong membership growth this year and healthy on-field prospects, it does feel like we are in a position to really establish ourselves as a sustainable, strong club. We've just got to sustain this momentum.

Another key factor is the stadium deal. There have been some hints that the AFL could purchase Etihad early, possibly even this year. This is a big story for us, potentially a massive turning point.

Such exciting times.

[jeemak]

Does anyone else see an issue for Hawthorn, having been gifted training facilities and presence in the eastern suburbs seriously in trouble when they have a 30% reduction in membership revenue through inevitable poor performance at the end of their reign and an $8.3M debt burden?

What's driving that massively high number?

[bornadog]

http://www.theage.com.au/afl/afl-news/afl-season-2016-debt-down-but-losses-mount-for-afl-clubs-20160206-gmnb1h.html

This article paints our financial position in a fairly healthy light compared to a few of the other Victorian clubs.

Over the 2 years on the table, our combined profit is third highest, only behind Hawthorn and Collingwood.

Our revenue has steadily grown over each of the past 5 years and is now well higher than North and StKilda's.

Given strong membership growth this year and healthy on-field prospects, it does feel like we are in a position to really establish ourselves as a sustainable, strong club. We've just got to sustain this momentum.

Another key factor is the stadium deal. There have been some hints that the AFL could purchase Etihad early, possibly even this year. This is a big story for us, potentially a massive turning point.

Such exciting times.

My only issue is we still have a huge debt ( third largest in VIC) that we have not made any inroads into for a very long time. This is costing us a lot of interest.


Does anyone else see an issue for Hawthorn, having been gifted training facilities and presence in the eastern suburbs seriously in trouble when they have a 30% reduction in membership revenue through inevitable poor performance at the end of their reign and an $8.3M debt burden?

What's driving that massively high number?

Is it the purchase of land to build their new super training centre?

[Mofra]

Does anyone else see an issue for Hawthorn, having been gifted training facilities and presence in the eastern suburbs seriously in trouble when they have a 30% reduction in membership revenue through inevitable poor performance at the end of their reign and an $8.3M debt burden?

What's driving that massively high number?
It's purposeful so they can pay less to the equalization fund.
Debt is not necessarily a bad thing.

[jeemak]

It's purposeful so they can pay less to the equalization fund.
Debt is not necessarily a bad thing.

It's cheap at the moment.