COLLINGWOOD RECORDS AN OPERATING PROFIT OF MORE THAN $5 MILLION IN THE PAST 12-MONTHS: Collingwood continues to dominate off the field, recording a net operating profit of $5.2 million for the past financial year. Collingwood raised its year-on-year revenue by $2.6 million and lifted overall turnover above $75 million ($75,238,531), a result built largely on the back of record membership of over 80,000 (80,456) – a new club and AFL record. “As per our promise to supporters, the profits will continue to be invested back into the club’s two key stakeholders, being the playing group and fans,” Collingwood chief executive Gary Pert said. “This year we invested an extra $600,000 into our membership services and an extra $1.3 million into our football department. “The rest of the club profits are earmarked to help fund the new community facilities bordering our Westpac Centre training ground, which will require extra club funding of $15 million over the next three years. Collingwood president Eddie McGuire lauded the profit and said it was great work by the entire team. “This is a great result for the club built on the outstanding support of our members and corporate partners, strong board level leadership and the efforts of a first class administration,” Collingwood president Eddie McGuire said.
Posted on: Mon, 25 Nov 2013 14:15:54 +0000
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