Brett Ratten was sacked with a year to run on his contract. Source: Herald Sun
PAYING out sacked coach Brett Ratten and several assistants has hit Carlton's bottom line, with the club recording its first loss in six years.
The Blues today announced an operating loss of $683,799.
The result ends a disappointing year for the Blues, who were widely tipped to challenge for the flag but finished 10th.
Ratten was sacked with one year left on his contract before the final round, resulting in a payout of about $650,000.
Assistant coaches Mark Riley, Alan Richardson and Paul Williams were also let go, costing the Blues more.
"This is disappointing but importantly we have made a number of important and tough decisions that impacted significantly on the 2012 financial position, but will benefit the Club on and off the field going forward," Carlton CEO Greg Swann said.
"This is the first time in six years we have not had an operating profit and the turnaround is from two areas; match returns and termination payouts. With the coaching positions now finalised and with the ongoing support of Carlton people the club expects to return to an operating profit in 2013."
Match returns were down $410,000 due to a 9 per cent drop in home game crowds.
Earlier this week, on-field success is the final piece of the Richmond puzzle after the Tigers recorded a record $3 million surplus in 2012.
Richmond has now recorded profits for eight consecutive years.
Announcing the result today for the final year ending October 31, 2012, Tigers president Gary March said the club boasted record membership revenue of $5.3 million from its more than 53,000 members, and record sponsorship income of $3.5 million.
March said Richmond had cut its debt by more than $1.5 million in the past 12 months.
The debt has been slashed by $2.5 million in the past two years and now stands at $1.9 million.
"We have recorded a significant surplus, which has been built on the wonderful support of our loyal members and supporters, our business partners, along with a committed board and administration," March said.
"We knew it would require a united effort to build the foundations for success, and never more evident has that been, than in the past two years. I particularly thank those, who provided such outstanding support to the Fighting Tiger Fund.
"While we will reflect on a very positive 12 months, nobody is under any illusion that there is still much more to do. We still have debt to clear and we need to continue to build this club's financial resources, so we can support our football requirements into the future. I can assure you that we will be relentless in the pursuit of this goal."
Melbourne v Richmond. MCG. happy Tiger fans. Tiger army Picture: Wayne Ludbey Source: Herald Sun
Last week, North Melbourne credited fan donations for helping the Roos post a record operating profit of more than $1 million.
The Roos today announced an operating profit of $1,193,080 for the 2011-12 financial year.
Interim chief executive Cam Vale said the club reduced its debt by $1 million with the help of its Box On campaign, while increasing revenue growth by $5 million.
"This is truly an outstanding result for the club and could have only been achieved with the remarkable support of our members and fans," Vale said.
"A record profit and reduction of debt in tough economic times is a remarkable outcome and highlights revenue growth across the board and controlled football expenditure."
Vale said he expected the Roos would be debt-free "within a few more years".
Earlier this week, Hawthorn's 60,000-strong band of members has helped ensure the club has posted a mega profit for 2012, reaping more than $2 million.
The Hawks profited $2,023,720, up about $300,000 on last year's result.
The Grand Finalist recorded a 7.4 per cent increase in members, boosting the number to 60,841.
"Our strong financial result is a credit to the hard work and dedication of management who constantly strive for excellence and innovation, and support their staff to do likewise," new president Andrew Newbold said.
Newbold thanked the 8731 Tasmanian members which signed up this season.
2012 AFL CLUB FINANCIAL RESULTS
Richmond: $3,017,742 profit
Hawthorn: $2,023,720 profit
North Melbourne: $1,193,080 operating profit
Other clubs to follow
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