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AFL Posts Massive Financial Loss

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AFL Posts Massive Financial Loss

(Image: Getty)

The AFL have revealed the details of its 2016 financial performance, with the league suffering a net loss of $17.8 million last year 'after grants and distributions'.

The AFL's official media release explains the reason for the loss, citing the purchase of Etihad Stadium and the launch of the AFLW.

The league's expenditure increased "by $18.6 million to $186.9 million."

It was also revealed that CEO Gillon McLachlan had a pay increase of $20,000 on his 2015 salary.

Here are some other key figures from the report:

-       The League's revenue increased by $10.9 million to $517 million.

-       The AFL's operating surplus before grants and distributions decreased by two per cent to $330.4 million.

-       Clubs received $255.9 million compared with $245.2 million in 2015.

-       Game development grants totalled $41.6 million.

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