Eddie McGuire and Collingwood could save up to $3 million under the AFL's proposed revenue sharing model, but there will be less money to split between poorer clubs. Source: Mike Keating / News Limited
THE amount of money to be collected in the AFL's first equalisation push has been severely limited because of concessions won by the league's most powerful clubs.
Based on latest figures, eight or nine clubs would be required to pay tax under the proposed revenue sharing model, while about six clubs would benefit.
A revenue tax limit of $500,000 will mean savings of up to $3 million for big clubs such as Collingwood and West Coast next year, but there will be less money to split between poorer clubs.
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Six AFL clubs made losses greater than $1 million in 2013, while the same number of clubs made seven-figure profits.
The revenue tax will see a percentage of club net revenue funnelled into the league's equalisation fund for redistribution.
While the tax limit means huge discounts for rich clubs, a middling side due to pay, say, $400,000 in revenue tax will receive no such reduction.
Even if nine teams paid the full $500,000, that would only raise $4.5 million via the revenue tax.
To put that figure in context, Collingwood made a profit of $5.23 million in 2013, and West Coast $4.1 million.
The AFL's equalisation measures — expected to be finalised at a meeting between the AFL and club bosses in early June — will be reviewed after 2016.
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There has been little criticism of the revenue tax limit because its introduction — even in a reduced form — is considered a big win by many industry insiders, who hope it will have a greater impact in the future.
The separate luxury tax, applied to money spent over a "soft" cap on football spending, is also limited to $1 million a club for 2015-16. Clubs are expected to be willing to cut their football-related expenditure to avoid this tax.
The latest version of the AFL's equalisation policies were discussed at a busy AFL Commission meeting on Monday, where a related review of player pay, a laws of the game charter and Gillon McLachlan's near certain ascension to footy's top job were also on the agenda.
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