2024 Annual Reports

[Trifili13]

The Storm accounts do not appear to show the full picture. Where is the grant money from the NRL and matchday revenue? The related company Valimanda Pty Ltd might actually be the entity that runs the team as the business name Melbourne Storm is owned by Valimanda.

 

[Munky]

For $49 you can get a copy of the Storm annual report from ASIC, it should have the profit.

Search Company and Other Registers

connectonline.asic.gov.au

 

[The_Wookie]

For $49 you can get a copy of the Storm annual report from ASIC, it should have the profit.

Search Company and Other Registers

connectonline.asic.gov.au

literaly linked 2 posts back.

 

[The_Wookie]

The Storm accounts do not appear to show the full picture. Where is the grant money from the NRL and matchday revenue? The related company Valimanda Pty Ltd might actually be the entity that runs the team as the business name Melbourne Storm is owned by Valimanda.

Its a wholly owned subsidary of Valimanda - privately held company that does not issue annual reports.

 

[Trifili13]

Its a wholly owned subsidary of Valimanda - privately held company that does not issue annual reports.

I know it's financials are not lodged with ASIC. I was just referring to the public figures you pasted don't appear to show the full football operations.

 

[Perth Red]

I know it's financials are not lodged with ASIC. I was just referring to the public figures you pasted don't appear to show the full football operations.

They dont as the other areas are areas that flow into the parent company revenue for which there is no report. Not sure why memberships dont, maybe some Vic legal thing?

 

[Trifili13]

I just had a look at the 2023 and 2022 annual reports of Melb Storm and both years they showed nil pre-tax profit. So I assume 2024 will be the same. They have obviously structured this entity to show nil (breakeven) as it's a company limited by guarantee so is prohibited from paying dividends. Obviously any profit or loss is reflected in other companies in the corporate structure.

 

[The_Wookie]

I just had a look at the 2023 and 2022 annual reports of Melb Storm and both years they showed nil pre-tax profit. So I assume 2024 will be the same. They have obviously structured this entity to show nil (breakeven) as it's a company limited by guarantee so is prohibited from paying dividends. Obviously any profit or loss is reflected in other companies in the corporate structure.

Theyve reported the same way since at least 2013.

 

[The_Wookie]

AFL reported

 

[Perth Red]

Wb wont be happy they topped the $1bill without the stadium grant lol

 

[Diesel]

That’s some big number of grants given to the 4 northern clubs, that cant be sustainable.Sydney after 40 years still need $24m. And does Tassie get $35m like GC and GWS?. What was that bullshit line, just one game and you’re hooked?

 

[The_Wookie]

That’s some big number of grants given to the 4 northern clubs, that cant be sustainable.Sydney after 40 years still need $24m. And does Tassie get $35m like GC and GWS?. What was that bullshit line, just one game and you’re hooked?

Swans are entitled to a base of just over 12m and about anohter 4 in academy and AFLW funding. Probably got about 7 or 8m on top of that.

 

[Wb1234]

That’s some big number of grants given to the 4 northern clubs, that cant be sustainable.Sydney after 40 years still need $24m. And does Tassie get $35m like GC and GWS?. What was that bullshit line, just one game and you’re hooked?

Not looking good for them in “non fooooty markets”

But they are “investing for the long term” (been in Sydney for close to 50 years already)

 

[Perth Red]

Not looking good for them in “non fooooty markets”

But they are “investing for the long term” (been in Sydney for close to 50 years already)

Billion $’s, propping up expansion clubs isn’t an issue for them.

 

[Wb1234]

Billion $’s, propping up expansion clubs isn’t an issue for them.

40 years and still an expansion club

“Generational change” sure is slow

Billions of dollars have been spent that’s true

 

[Perth Red]

“Generational change” sure is slow

you dont say Einstein! But when you've got the money to invest time is less important. You might have noticed there are some 'heartland' clubs getting as much as your Swans after 150 years lol

 

[Wb1234]

you dont say Einstein! But when you've got the money to invest time is less important. You might have noticed there are some 'heartland' clubs getting as much as your Swans after 150 years lol

“Invest”?

Or a Ponzi scheme ?

 

[Brick Tamland]

Sharks 2024 Annual Report is out:

https://www.sharks.com.au/siteassets/2025/03/2024SharksAnnualReport.pdf

$801,994 profit (2023 $987,002 profit) Sharks at Kareela
$541,260 profit (2023 $1,049,603 profit) Sharks Leagues Club
$1,125,630 profit (2023 $512,269 loss) Sharks Football Club

$2,468,884 Profit (2023 $1,524,336 profit ) TOTAL GROUP PROFIT

 

[Wb1234]

Sharks 2024 Annual Report is out:

https://www.sharks.com.au/siteassets/2025/03/2024SharksAnnualReport.pdf

$801,994 profit (2023 $987,002 profit) Sharks at Kareela
$541,260 profit (2023 $1,049,603 profit) Sharks Leagues Club
$1,125,630 profit (2023 $512,269 loss) Sharks Football Club

$2,468,884 Profit (2023 $1,524,336 profit ) TOTAL GROUP PROFIT

And the sharks leagues club isn’t properly opened either

Once they finish it wonder how much higher that goes

The 500k must be for that restaurant overlooking the ground

 

[Perth Red]

Cronulla FC 2024 Revenue

Gate takings and game day $2.7mill (+$400k)
Membership $2.5mill (+$250k)
Sponsorship and corporate sales $7.1mill (+$600k)
Merch $2.1mill (+$200k)

NRL&NSWRL grant $19.8mill (+$400k)