The West Coast Eagles posted a $1.97 million surplus in the 12 months to October last year, down from $3.46 million in 2022.
The West Coast Eagles posted a $1.97 million surplus in the 12 months to October last year, down from $3.46 million in 2022.
This was despite the club's revenue rising by 7 per cent to $87.9 million, on the back of a solid revenue stream from the club's membership base.
The Eagles ended 2023 with 103,275 members, placing the club second across the entire 18-team competition.
Despite increased revenue, the club said some of this revenue growth was offset due to broader inflation, along with the club adding a further $2.5 million into its AFL and AFLW programs.
It was a challenging year on and off field for the Eagles, which finished last on the AFL ladder for only the second time since its inaugural 1987 season.
In August 2023, the club confirmed it would be sticking with senior coach Adam Simpson despite a tough run of results and injuries. In November, it was confirmed that Trevor Nisbett, who had been the club's chief executive since 1999, was ending his tenure.
Mr Nisbett was replaced by former premiership player Don Pyke, who began on January 15 this year.
Writing for the club's 2023 financial report, chairman Paul Fitzpatrick praised members and supporters for their loyalty during the challenging period.
"We are aware that there are many in the community who are facing financial stress, with rising interest rates and general cost increases," Mr Fitzpatrick wrote.
"We have therefore made the decision to only minimally increase prices for the 2024 season, after not increasing them for three years. We are obviously not immune to significant cost pressures through increasing wages, and the price of products and other items."
The Eagles also delivered a $2 million royalty payment, down from $2.71 million, to the West Australian Football Commission, along with $600,000 towards West Australian Football League licence fees.
