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Original story intimated only 3 clubs with profits but seems that many are ok -not great but ok
result
NORTH Melbourne recorded a net operating profit of $470,046 in 2016, the club's eighth profit in the past nine years.
North also increased its revenue by $1.09 million in 2016, while reducing its debt by $400,000 to $1.25 million and increasing its football department spending by $496,000
WEALTHY donations from some of Geelong’s biggest backers have helped mask the club’s short-term financial hurdles.
The Cats will tonight announce an operating loss in the order of $600,000 at the annual general meeting, despite posting a $2.3 million net profit for the financial year.
The net profit outcome is a result of $3 million in donations received this year as part of the club’s “Our Ambition” fundraising and debt-demolition campaign, which will fill the club’s coffers with $13 million over five years.
Geelong lost about $2 million in potential revenues this year as a result of the reduced capacity at Simonds Stadium, demolition of Club Cats and relocation of the pokies as a result of the stage-four redevelopment, meaning the $500,000 shortfall was as good as the Cats could have asked for.
