A massive $5.1 million profit for Essendon for the 2017 season was announced.
It is a remarkable result for the Bombers as they well and truly put the supplement saga of previous years behind them both on-field and off.
$5.1M profit for Essendon: a remarkable result
The brilliant financial results were underpinned by a variety of factors which included record membership, sponsorship and game-day revenue.
Essendon CEO Xavier Campbell was rightfully delighted with what transpired in 2017.
“This has been a year of progress from both a football and financial perspective. And we have witnessed pleasing increases across several key areas of our operations which directly impacted our bottom line,” said Campbell.
“Our exciting brand of football helped us achieve record membership of 67,768, increased match receipts with more than 1 million people attending Essendon games and an increase in financial investment from our corporate partners and sponsors.”
See the Bombers fly up
While the Bombers have generally been regarded as a powerful club that is well supported financially, the current profits will certainly allow management to re-invest accordingly for next year and beyond.
Significant money will be spent on the football department and various community projects.
The CEO also confirmed finance will go towards reducing the overall debt at the club. As well as investing in the expansion of the club training and administration facility at Melbourne Airport.