Ok. I decided to just pay $44 & get facts.
— Dean Rosario (@DeanRosario) December 28, 2022
Yes, $6.7M loss in FY2022.
But,
Football department spending was LOWER than FY2019.
However,
REVENUE in FY2019 was $8 MILLION higher than FY2022.
FY2022, included Covid restrictions on crowds.
Revenue hit hard & driven loss up. https://t.co/RNy205YDwC pic.twitter.com/AKeXIxSTgo
An interesting break down on Victory's recently brought to light financial headwinds.
When it rains it pours eh?
Would be interesting to see how other clubs stack up, given Victory are the biggest club in the league. Covid has played it's part in this, but obviously when you've got teams making substantial losses it's not good now is it.
Would hate to see how WelNix stack up 😬