The financial boost comes on top of a A$1.2m profit for 2002, although this year’s result is that it was achieved solely on the operations of the football club.
Graeme Downie, chairman of the Lions board, commented: "The board is delighted with the result, particularly considering that it has all been derived from our football operations without any extraordinary items of income.
"Obviously the success of the team has been a major contributing factor, but the club’s off-field performances has been equally as impressive. Our chief executive officer Michael Bowers has to be congratulated on an outstanding job given that he has only been in the role for 20 months. There has been a real turnaround in our financial fortunes since his appointment.
"It follows that Michael’s support staff have done an outstanding job too – they have worked particularly hard and particularly well to contribute to a result that is much appreciated."
The strongest factors in the huge result were an increase in corporate support, an increase in home game attendance and membership revenues, and controlling the costs.
Membership increased from 22,288 to 25,578, while average crowds surged from 27,565 to 31,612 and broke through the 400,000 aggregate barrier for the first time, despite the Gabba hosting just the one final.
Concluded Downie: "There was also a welcome gain from winning the Premiership, but the bottom line is that it was a tremendously satisfying year for the AAPT Brisbane Lions in every sense."
Australian Football League team the Brisbane Lions have announced a A$2.2million profit in its latest financial results.
