Collingwood posts 15th consecutive operating profit
Collingwood Football Club has posted a 15th consecutive profit with a net operating profit of $848,076 on total club revenues of $66,485,870 for the year ending October 31, 2015. The club’s operating profit before depreciation and amortisation was $1,880,927, added to that is $1,601,634 from the sale of their Diamond Creek Tavern lease, therefore the club’s total profit equalled $3,482,561. Collingwood revealed that they will continue to depreciate the value of their Holden Centre redevelopment...