Dockers challenging Eagles’ financial superiority after another sharp profit drop at West Coast

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

Dockers challenging Eagles’ financial superiority after another sharp profit drop at West Coast

The Fremantle Dockers are challenging the West Coast Eagles as the State’s best AFL financial performer after the departure of premiership coach Adam Simpson contributed to yet another sharp drop in profit by the older club.

A newly-filed annual report filed with the corporate regulator on Thursday show the Eagles profit for the 12 months to October 31 fell to just $675,924 from $1.98m the year before, despite the club pulling in nearly $5m in extra revenue.

Three years ago, the Eagles made $7.4m.

The club said in the annual report the reduced profit “largely reflects costs associated with the cessation of the senior coach’s contract”.

The result, which includes a lower $1.78m royalty paid to the WA Football Commission, compares to the $1.85m profit announced by the Dockers three weeks ago.

However, the Fremantle figure was inflated by $1.2m in development grants linked to the expansion of its Cockburn Central headquarters.

Stripping that out, its profit was almost identical to the Eagles at $675,042, despite the latter’s $17m in extra revenue.

More to come.

This is the hidden content, please

• Sign In
• or
• Sign Up

#Dockers #challenging #Eagles #financial #superiority #sharp #profit #drop #West #Coast

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up