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Adelaide in the black

David Burtenshaw  December 13, 2012 5:48 PM

Adelaide's improved form in 2012 underpinned financial success

Adelaide's improved form in 2012 underpinned financial success

The Adelaide Football Club today posted a cash surplus for 2012 of $1,214,039.

This result is after payment of the annual sub licence fee ($525,000) and is reported prior to a depreciation provision of $1,091,605 - resulting in a net profit of $122,434.

The Club’s net assets at the close of the 2012 financial year total $18.74m.

Adelaide CEO Steven Trigg said: “It’s a pleasing result. Obviously the team’s resurgence underpinned a very positive season, leading to our crowds and ticket sales being up. But everyone involved has worked incredibly hard in a continuing, tough environment, to produce outstanding results across merchandise, corporate partnerships and commercial projects. And membership remained strong and vital to our success.”

Rob Chapman, Chairman of the Adelaide Football Club: said: “Our key revenue streams of membership and corporate partnerships are critical and we’re grateful for such strong support throughout this past year.

“As we enter our last year at AAMI Stadium – a venue which has served us so well for the past 22 years – we are also tremendously encouraged by that ongoing support. Early indications of support for the move to Adelaide Oval are very positive, giving us every confidence as a Club into the future.”