BREAKING:COLLINGWOOD  CLUB JUST ANNOUNCES THEIR 2024…

Melbourne, Australia – The Collingwood Football Club has announced its financial result for the year ending October 31, 2024. The club has reported an operating profit before government revenue, depreciation, and amortization of $8,957,135.

The result is a significant improvement on the previous year’s financial performance, with the club’s revenue increasing by 15% to $83.5 million. The club’s expenses also increased, but at a lower rate, resulting in a net operating profit of $8.9 million.

We are pleased to announce a strong financial result for 2024,” said Collingwood President, Jeff Browne. “Our revenue growth was driven by a combination of factors, including increased sponsorship and membership revenue, as well as improved performance on the field.”

The club’s financial result was also boosted by the sale of its former training facility, which generated a one-off gain of $2.5 million.

“We are committed to continuing to invest in our football program and to delivering sustainable financial results,” said Browne. “We believe that our strong financial position will enable us to continue to compete at the highest level and to deliver success on and off the field.”

The club’s financial result was announced at its Annual General Meeting, which was held at the Melbourne Cricket Ground. The meeting was attended by over 500 members and shareholders, who were briefed on the club’s financial performance and its plans for the future.

In addition to announcing its financial result, the club also provided an update on its plans for the 2025 season. The club has announced a number of new initiatives, including the launch of a new membership program and the introduction of a new ticketing system.

“We are excited about the opportunities that lie ahead for our club,” said Browne. “We believe that our strong financial position, combined with our commitment to investing in our football program, will enable us to deliver success on and off the field in 2025 and beyond.”