The AFL has revealed it will spend $650 million over the next five years on its 16 AFL clubs - with more money being given to several needy AFL clubs - as part of the revenue raised from its new media deal.
The AFL launched Next Generation - Securing the Future of Australian Football on Thursday at Telstra Dome, with money generated from its new media deals - television, radio and internet - as well as other sources of income to be distributed to AFL clubs, the competition, game development and facilities over the next five years.
All together, $1.4 billion will be distributed by the AFL over the next five years, in what is clearly the greatest investment in the game in the history of Australian football.
The new television deal was bought by Channel Seven and Channel 10 for $780 million, while details of the radio and new media arrangements will be unveiled in the coming weeks.
The 16 AFL clubs will receive $449 million, a base distribution which covers all increases in Total Player Payments (TPP), plus a bonus distribution of $96 million ($6 million per club) - $1.2 million per annum per club - for 2007-11.
From Matt Burgan - afl.com.au
For futher information, see the attached documents....
Last Modified on 14/09/2006 16:06