Collingwood Football Club Posts Impressive Financial Results for 2024

The Collingwood Football Club has announced an operating profit before government revenue, depreciation, and amortization of $8,957,135 for the financial year ending October 31, 2024. This represents a significant increase from the previous year’s figure of $6,008,327.

The club’s financial success can be attributed to various factors, including a record-breaking membership figure of 110,628 and a significant increase in attendance, with 778,865 fans attending home games. The Magpie Army, as the club’s supporters are known, has once again demonstrated their unwavering commitment to the team.

President Jeff Browne expressed his delight with the results, stating that it was another outstanding year for the club. “Our financial position empowers us to continue driving excellence across our elite men’s and women’s football programs while supporting vital community initiatives,” Mr. Browne said.

The club’s premier partners, including Emirates, KFC, La Trobe Financial, and Nike, also played a crucial role in the club’s financial success. The club’s partnerships with these organizations have not only generated significant revenue but have also helped to promote the club’s brand and values.

The financial results also highlighted the club’s commitment to investing in its facilities and infrastructure. The club completed a $15 million redevelopment of its state-of-the-art facility, which has provided a world-class environment for the club’s athletes to train and prepare.

The club’s financial success has also enabled it to support vital community initiatives, including the Magpie Nest Program and the Barrawarn Indigenous programs. These programs are designed to promote health, education, and employment opportunities for disadvantaged communities.

The Collingwood Football Club’s impressive financial results demonstrate the club’s commitment to excellence and its dedication to supporting the community. The club’s financial success is a testament to the hard work and dedication of the club’s staff, players, and supporters.

– Operating profit before government revenue, depreciation, and amortization: $8,957,135

– Total club revenue excluding government revenue and other abnormal items: $85 million

– Membership figure: 110,628

– Attendance: 778,865 fans

– Government revenue: $0

– Statutory Profit: $4,430,769

– Cash or cash equivalents on hand: $23,381,521

The Collingwood Football Club’s Annual General Meeting will be held at 6:00 pm AEDT on Monday, December 16, 2024. The 2024 Annual Report can be viewed on the club’s website.