The Sydney Swans Football Club today announced a profit of $300,397 for the 2015 financial year.
It is the Club’s fifth successive profit and was achieved on revenue of $45.5 million.
Importantly the Club continues to invest in a fully funded football department and QBE Sydney Swans Academy.
The Club has no debt and net assets of $2 million, however Chairman Andrew Pridham noted that the Club would need to make a significant investment in a new training and administration facility in the near future.
Highlights for the 2015 season include:
- Growth in membership to 48,836, with membership revenue increasing 8.4%.
- Sponsorship & hospitality revenue growth of 9.5%.
- Average attendance for home games of 36,672.
- National cumulative TV audience of 19.5 million.
Sydney Swans Chairman Andrew Pridham said he was pleased with the financial position of the Club.
“Sydney remains one of, if not the most challenging and competitive sporting markets in the world, so to post our fifth consecutive profit is a fantastic achievement,” he said.
“We continue to invest fully in our football department and are pleased to see our significant investment in the QBE Sydney Swans Academy providing talent outcomes for the club and the entire competition.
“Our membership, driven by an increase particularly in junior membership, once again hit record highs in 2015 and we hope next season to top the 50,000 member mark for the first time.
“It is important to acknowledge the wonderful support of corporate partners, particularly principal partner QBE and major partners Citi and Volkswagen.
“On behalf of the board, I wish to pay tribute to our wonderfully loyal fans in Sydney and right across Australia. Your support and passion is so important to us and we look forward to sharing the journey with you again in 2016,” Pridham said.
