Quick AFL news: Melbourne post an operating profit and boardroom appointments at Richmond

Melbourne Football Club has reported an operating profit of $562,000 for the financial year ended 31 October 2015, an increase on last year’s operating profit of $160,000. Total club revenues grew by $2.4 million to $44.5 million. The club also reported that investment in the club’s football department grew by $1.7 million The club reduced bank debt by $800,000 and gaming machine entitlements debt by $561,000. Melbourne CEO, Peter Jackson, said in a statement: “To generate a profit...

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8 years ago, Sports Business Insider, Richmond Tigers

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