The Tiger army helped Richmond post a record profit in 2012. Picture: Wayne Ludbey Source: Herald Sun
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."
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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