The Collingwood Football Club has announced an operating profit before government revenue, depreciation and amortisation of $8,957,135 for the financial year ending October 31, 2024, an increase from $6,008,327 in 2023.
President Jeff Browne said it was another outstanding result for the Club.
“It is incredibly important for our football club to remain strong and profitable each year to allow us to reinvest in every aspect of Collingwood,” Mr Browne said.
“Our financial position empowers us to continue driving excellence across our elite men’s and women’s football programs while supporting vital community initiatives such as the Magpie Nest Program and Barrawarn Indigenous programs.
“This year saw our Club complete a $15 million redevelopment of our state-of-the-art facility, fostering an environment where all our athletes have the resources to thrive both on and off the field.
“The Magpie Army reached new heights in 2024, breaking the all-time VFL/AFL membership record with 110,628 passionate Members and we’re deeply grateful to every one of our Members whose loyalty drives our success. Being a Member is both an emotional and financial investment and we deeply value the commitment of every single person who signs up as a Member.
“We led the league in attendance and set a new record for home-game crowds with 778,865 fans filling the stands at our games, demonstrating the unrivalled passion of Collingwood supporters.
“On behalf of everyone at Collingwood, I thank our premier partners Emirates, KFC, La Trobe Financial, Nike, and our platinum partners AIA Vitality and Carlton United Breweries and Asahi Beverages and our AFLW Premier Partner Kangan Institute and all of our corporate partners for their continued support of our Club.
“Our success is a testament to the hard work of the Board, our AFL and AFLW players, staff, and the incredible support of our Members and supporters. Together, we’re poised to reach even greater heights in 2025.
“As we look to the future, the Club is guided by a clear strategy, ensuring we continue to deliver excellence across all areas of our operations, on and off the field.”
The Collingwood Annual General Meeting will be held at 6:00pm AEDT on Monday December 16, 2024.
The 2024 Annual Report can be viewed here.
Summary:
* Total Club revenue excluding government revenue and other abnormal items of $85 million (2023: $81 million)
* Operating profit before government revenue, depreciation and amortisation of $8,957,135 (2023: $6,008,327)
* Government revenue of $0 (2023: $4,478,558)
* Statutory Profit of $4,430,769 (2023: $7,565,982)
* Membership figure of 110,628 (2023: 106,470)
* Cash or cash equivalents on hand of $23,381,521 (2023: $16,286,459)
