Carlton Football Club is pleased to declare a net operating profit of $2,611,638 before depreciation and amortisation, with a final statutory net profit of $699,206 for the year ending 31 October 2018.
Today’s announcement continues an upward trend with the Club posting an improved financial result for the fourth consecutive year.
It is also the second year in a row Carlton has generated a net profit.
Significantly, the strong bottom line was achieved in a year in which the Club invested an additional $1.6 million into its football department to support both its AFL and AFLW programs into the future.
This important investment was made to ensure Carlton will leave no stone unturned in continuing its uncompromising pursuit of success.
A key factor in the Club’s financial growth during the 2017-18 financial year was the long-term commitment of major partners Hyundai and Virgin Australia as well as university partner La Trobe – with all three organisations committing to extend their partnerships with Carlton for a further five years. Credit Union Australia also joined the Club as a platinum partner this year as part of a three-year agreement.
The contribution of the Carlton faithful was also a significant factor in the Club’s positive financial result as record membership was once again achieved. A total of 56,005 members signed on to be Bound By Blue in 2018 in what was a tremendous show in faith in the direction of the Club.
Carlton CEO Cain Liddle said the most recent financial result was a great platform for the Club to further expand its growth opportunities in 2019.
“To post an improved financial result for the fourth consecutive year is a terrific sign of stability for our football club,” 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.
“This current financial year will see our Club diversify its revenue growth through the launch of the Carlton College of Sport in February as well as the expansion of Carlton in Business – which already stands as one of biggest corporate networks in Australian sport.”
