Eagles profit down but still good - Sports News - Fanatics - the world's biggest events

Eagles profit down but still good

By Justin Chadwick 16/12/2009 08:01:28 PM Comments (0)

West Coast's disappointing on-field record in 2009 failed to dampen the AFL club's ability to make some coin, with the Eagles posting a profit of close to $4 million for the year ending October 31.

But the consolidated operating profit of $3,718,524 is down on 2008, when West Coast notched $4,698,391.

The Eagles will retain just over $2 million of this year's profit after handing over a royalty contribution of $1.7 million to the West Australian Football Commission.

West Coast managed just eight wins in 2009 as they missed the finals for the second straight season.

But despite the recent lack of on-field success, the club continues to enjoy strong membership, with most of the games close to a sell-out.

"Given the economic climate, it is a wonderful outcome for our club and the result of outstanding efforts from everyone involved in club operations, from the board and management, through to the staff, coaches and players," West Coast chairman Mark Barnaba said.

"It is also reflective of the tremendous loyalty the club enjoys from its sponsors, corporate supporters and members.

"Our members are remarkably loyal and passionate with our retention of 2009 members sitting at above 99 per cent for 2010.

"That is an amazing figure by any measure, but is put into true perspective when it is considered that the average 'churn' across membership at all AFL clubs sits at around 14 percent."

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