Finance and Ownership
The West Coast Eagles have been owned in full by the West Australian Football Commission (WAFC) since 1989. The club was originally owned and operated by Indian Pacific Limited, a publicly listed company that was delisted from the Australian Stock Exchange in 1990 after 75% of the shares were bought out by the WAFC. The last minority shareholders were bought out in 2000. West Coast pay approximately $3 million in rent to the WAFC for the use of Subiaco Oval, and 50–70% of overall profits. In 2001, a South African investment company, Southern African Investments Ltd. (SAIL), had proposed a $25-million deal for a 49-percent stake in the club, with the bid being rejected in 2003. In 2011, it was reported that the AFL had lobbied to take over the ownership of both the Eagles and the Fremantle Football Club from the WAFC.
West Coast is currently one of the most financially successful clubs in the AFL, both in terms of revenue and profit. In May 2011, the club's total revenue for the previous season was reported as $45.6 million, equal first with Collingwood in the AFL. The club's football department spending over the 2011 season was reported as $18.6 million, second to Collingwood. Along with most other clubs (notably excluding Gold Coast and Greater Western Sydney), player payments are limited by a salary cap, which stands at $8.78 million as of the 2012 season.
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