Toast North Melbourne Debt free

Remove this Banner Ad

andana

Norm Smith Medallist
Feb 1, 2008
9,501
11,158
Thailand
AFL Club
North Melbourne
It was announced that we had become debt free.
Each year the AFL distribution goes to clubs. Did that payment go towards making us debt free or did the club get debt free prior to that
 

the big lebowski

Brownlow Medallist
Oct 4, 2006
11,585
21,787
The hood
AFL Club
North Melbourne
It was announced that we had become debt free.
Each year the AFL distribution goes to clubs. Did that payment go towards making us debt free or did the club get debt free prior to that

The afl distributes between 14 mill and 20 mill to all clubs each year. So your question doesn’t really make sense to me.

North generated a profit of $450k for the 2021 year, all revenue minus all expenses. When used to pay down debt, that profit extinguished debt, thus we are now debt free.

If you need more, yes, the $16 mill (approx) distributed to us from the afl is incorporated into our debt free position.
 

Log in to remove this ad.

Remove this Banner Ad

Remove this Banner Ad