Richmond president Gary March has described the 2012 season as a year of significant improvement, both on and off the field.
In his yearly president’s report, March outlined the Club’s strong financial result, a net surplus of $3,017,742 for the financial year ending October 31.
It was the eighth-consecutive year of profit, which saw Richmond’s debt reduced by in excess of $1.5 million, to $1.97 million.
March said the success of the last financial year was due largely to the success of the Fighting Tiger Fund, and record membership revenue and sponsorship income.
“We knew it would require a united effort to build the foundations for success, and never more evident has that been, than in the past two years. I should particularly thank those who provided such outstanding support to the Fighting Tiger Fund,” March said.
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“As we reflect on a very positive 12 months, nobody is under any illusion that there is still much more to do. We still have debt to clear and we need to continue to build the Club’s financial resources, so we can support our football requirements into the future. I can assure you that we will be relentless in the pursuit of this goal.”
March said the Club’s on-field graph was also trending upward.
“While we didn’t play finals football, the improvement in our young side was there for all to see. We won two more games than we did in 2011 and improved our percentage by 25%. Over the past two seasons, we have become a significantly more competitive team,” he said.
“This improvement has been the result of a clear plan and significantly increased investment in football. We expect that to deliver further improvement next season and beyond.”
