North debt free for the first time since 1987

[Dr Tigris]

Yes and no.

Brad's "Godfather offers" strategy didn't work.

But there's no denying we were right in identifying the players to target - Dusty and Josh Kelly.

Agree. It's a yes and no thing.

I'm of the view that you need mature bodies and heads to allow younger guys to develop properly. But then ... it worked out in such a way that North has good finances and a good squad of young players.

 

[Kwality]

The sport was invented in Victoria.

Victoria took money to form a national comp & bludgers carry on ....

 

[The Warlord]

The era of clubs facing existential threats like folding or merging seems to have ended . Think North to Gold Coast pre Gold Coast in 2007 was the last time it was realistically an option.
Gil's a Saint and the above situation was before his watch . A new head of operations could change this but I think it's generally accepted now the merger/folding days are a thing of the past.

Demetriou was a Roo. I agree the forced fold/relocate days are over though. But they still have insidious means of shafting clubs.

As long as St Kilda pays its debt it will be fine.

 

[Kwality]

Demetriou was a Roo. I agree the forced fold/relocate days are over though. But they still have insidious means of shafting clubs.

As long as St Kilda pays its debt it will be fine.

The problem remains of living within its means with Covid & that applies to every club in the competition.

 

[The Warlord]

The elephant in the room is the Shaw situation.

To this day we still have not been given any kind of reasonable explanation about what happened.

He had a serious health issue and requested privacy after he left the club.

 

[The Warlord]

Agree. It's a yes and no thing.

I'm of the view that you need mature bodies and heads to allow younger guys to develop properly. But then ... it worked out in such a way that North has good finances and a good squad of young players.

We've always had to be smart and agile.

We missed on Dusty and Kelly but we hit on the Ten Year Rule back in the day. We got Carey and Longmire for a song by being crafty.

We were quick enough to snaffle Hugh Greenwood to cover for Cunners and help the high end draft pick mids develop.

As long as you're willing to recognise it won't always work, the strategy is fine.

 

[mouncey2franklin]

He had a serious health issue and requested privacy after he left the club.

And then turned up at a different club within months.

 

[Le Grille]

Can you explain why Fremantle having a lot of grave shifts but has the least amount of funding any AFL clubs over 20 years?

We pretty much break even each year but the likes of Richmond and Collingwood get more funding and post profits.

The last Friday game for the Dockers was in 2015, yet the Blues has 3 or 4 games a year but get $5m more funding.

For whatever reason the 2:40 time slot in wa works way better for Perth than a 4:40 time slot in Melbourne.

 

[Le Grille]

North would be lucky to have had 7 games on FTA in Vic in 2018-2021.

Efa

 

[Freomaniac]

Congratulations North Melbourne that's a huge achievement especially during these covid years and after a wooden spoon season. Hopefully it keeps the vultures at bay for a while. Any talk of relocation to Tasmania is completely off the tables.

now North Melbourne being debt free is something worth celebrating

 

[Kwality]

now North Melbourne being debt free is something worth celebrating

Only the AFL can keep them going into debt AGAIN.

 

[Dazb86]

now North Melbourne being debt free is something worth celebrating

?

 

[westie]

Please correct me if I am wrong, but isn't debt a good thing for a business operation?

 

[kranger]

Please correct me if I am wrong, but isn't debt a good thing for a business operation?

Having debt is neither good nor bad.

It is the ability to service the debt (make repayments) which is a good or bad state to be in.

 

[Outtatym]

Having debt is neither good nor bad.

It is the ability to service the debt (make repayments) which is a good or bad state to be in.

It's bad if you are a club that is constantly under pressure/trolled to relocate from other fans.
Not actually sure why this thread got bumped tho

 

[Le Grille]

Please correct me if I am wrong, but isn't debt a good thing for a business operation?

Depends on the debt really, an overdraft is fine as in the footy cash inflows are seasonal.

Loans are fine if it’s purpose is to expand or acquire income producing assets.

Either way managing that debt the key and being debt free is a good indicator of being able to do so