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- Moderator
- #5,826
They CAN remove the bank guarantee as I have pointed out previously & I know you disagree. My commercial experience says it can.
But this was still no guarantee that North would have relocated to the Gold Coast. The AFL could not force them to take that particular action.
What justification would they have had removing only North's guarantee and not the other bank guarantees? How would that not generate long and drawn out court action. Had it been a viable option you could be sure that Caroline Wilson would have written about it. She didn't.
She did write about on the 27th November 2007 that if North didn't accept the relocation offer the AFL would consider redrawing the 2008 fixture and pulling the Kangaroos out of Gold Coast games should they reject the league's $100 million relocation offer. The AFL also considered purchasing shares in the North Melbourne football club. She also wrote that the Kangaroos would lose their Gold Coast match revenue - $1.6 million in 2008 - and have no guarantee that the special assistance of $1.4 million from the AFL would continue. Had that been done that would have been the subject of legal action given that the AFL itself limits certain revenue raising practices and makes up for the inequities by the special assistance fund.
And even then North might have considered a merger with a Melbourne based club before it relocated to the Gold Coast. As Fitzroy chose to do.
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