Carlton record profit despite finishing as wooden spooners in season 2018
Carlton endured one of the worst seasons in its history but that hasn’t affected the club’s bottom line, declaring a net profit for the 2018 season — a profit better than its financial result in 2017 when it had a much better season on the field.
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Carlton endured one of the worst seasons in its history but that hasn’t affected the club’s bottom line, declaring a net profit for the 2018 season.
The Blues were wooden spooners this year after winning just two games for the season but still managed to record a net operating profit of $2,611,638 before depreciation and amortisation, with a final profit of $699,206.
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The six-figure profit is just over $20,000 more than its 2017 financial result, when the club enjoyed a better season on the field, winning six games for the season before finishing 16th on the ladder.
The Blues are now in a stronger financial position after recording profits for the last two years following deficits of $765,000 in 2016 and $2.7 million in 2015.
“To post an improved financial result for the fourth consecutive year is a terrific sign of stability for our football club,” Carlton chief executive Cain Liddle said.
“While our financial growth has continued despite on-field performance, we continue to be steadfast in our commitment to invest heavily into our football department to ensure our AFL and AFLW programs have every opportunity to achieve success.”
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The Blues invested an additional $1.6 million in its football department this year to support both its AFL and AFLW programs.
The financial result was bolstered by a record membership number of 56,005, up from just over 50,000 last year.
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