The return of unrestricted match-day attendance combined with the incredible support of Collingwood Members and supporters during 2022 resulted in Membership & match day revenues increasing by $6.6 million while improved corporate support for match day events and the Club’s Glasshouse business saw Collingwood’s corporate hospitality revenues increase by $7.6 million. After a challenging couple of years impacted by the ongoing COVID-19 pandemic, the Club was able to continue to build its cash reserves and protect its net asset position. This was due to the contribution of Club Members and premier partners (Emirates Airlines, KFC, La Trobe Financial, Nike and AIA), as well as strong support from the Victorian Government. Total revenue excluding government revenue and other abnormal items grew by $18 million compared to 2021 figures and the Club’s net asset position stands at $49.4 million. “Our Club has not been immune to the challenges faced by many others in the community over the last couple of years and we are pleased to have returned to a greater sense of normality this year which has resulted in Collingwood performing strongly in 2022,” Acting Chief Executive Officer Graham Wright said “Our 100,384 Members and supporters – an increase of approximately 18,000 compared to 2021 – played a pivotal role this season and we thank each of them for their loyalty and commitment to the Club. “It’s important to note that Collingwood remains financially independent – one of the very few unassisted AFL Clubs – and this is due to the unwavering support from all Members, supporters, coteries and commercial partners who have allowed us to rebound to numbers similar to those we saw in 2019. “With passionate Members and financial stability, we will continue to provide our people and athletes with the best-possible environments to reach their potential while further engaging and growing our supporter base. “On behalf of the Club, I thank our premier partners, Emirates Airlines, KFC, La Trobe Financial, Nike, AIA and our community partner Coles for continuing to partner with us and supporting our Club. “I also thank all our AFL, AFLW and netball teams as well as all our staff and volunteers at Collingwood who work tirelessly to ensure we progress our Club on and off the field leading into 2023.” The Collingwood Annual General Meeting for the 2022 season will be held at 6:00pm AEDT on Thursday December 15, 2022. Summary: *Total Club revenue excluding government revenue and other abnormal items of $66m (2021: $48 million) *Operating profit before government revenue, depreciation and amortisation of $51,918 (2021: Loss of $821,256) *Operating profit before deprecation and amortisation of $9,701,026 (2021: $1,873,949) *Statutory Profit of $7,134,753 (2021: Loss of $692,864) *Government revenue of $9,853,596 (2021: $2,928,874) *Membership figure of 100,384 (2021: 82,827) *Cash or cash equivalents on hand of $15,353,762 (2021: $11,781,191)
The 2022 Annual Financial Report can be viewed here.
