Not to deliberately dampen things, but we'd be absolutely ****ed without the AFL's needs-based funds distribution system, wouldn't weWithout seeing the P&L, my guess would be this is almost certainly the Arden St Precinct redvelopement being amortised. It's really the only large cap ex the club would have.
And as far as the club goes, to be breaking even in these dire times, with a net increase in home game attendance at Marvel when the team has statistically been the worst ever over a 5-year stretch is a huge win. The club has no other major objective than to continue to exist as far as finanicals go, so running net neutral (or therabouts) means they are squeezing ever last drop out of what money they do have. This points to a well-run organisation. The fact it is well-run without pokies is another key factor in why this result is so great.