Wednesday , November 20 2019
Home / australia / Western Bulldogs' record $ 18m profit

Western Bulldogs' record $ 18m profit



Fans gathered at Whitten Oval to celebrate the club's famous 2016 premiership.

Fans gathered at Whitten Oval to celebrate the club's famous 2016 premiership.Credit:Darrian Traynor

The Western Bulldogs have revealed a total profit of more than $ 18 million for 2018, the vast majority derived from the freehold land assigned to the club as part of the redevelopment of the Whitten Oval precinct.

"This is an outstanding result, which everyone at our club should be proud of given their own individual contributions," chief executive Ameet Bains said.

"This result was achieved with a reduction in competitive balance funding from the AFL."

The club says the financial return "comprises a profit before redevelopment operations of $ 2,207,274 and a profit from redevelopment activities of $ 15,887,059", leaving the club with assets of $ 45.8 million and no bank debt.


Source link