Toast North Melbourne Debt free

[Kangaroo Cat]

Not your fault you come from bad stock.

My dad still refuses to acknowledge aussie rules as a sport

 

[Del191229]

We've paid off the debt.

We've guaranteed our home stays at Arden Street.

Now we can start using our cash to invest in the area through the major redevelopment of the precinct.

Let's do a Hawthorn/Richmond and set a target.

Three flags and $30m in the bank by 2030.

Make it happen politically motivated parasites on the board.

 

[SpiderBurton22]

That was good.

Dani was fantastic and I know we give him a hard time with how things worked out, but I believe Brad is genuine with his affection of our club.

 

[Psicosis]

 

[Psicosis]

 

[harper2bastinac]

Congratulations guy’s everyone in the media can now fu** off and leave your beloved club along

Cheers for the response mate, we all can’t wait for caro to become irrelevant now that she has nothing to write about and for damo to claim he’s one of us again

 

[Swallow_Wood]

Dani, Brad and Nobes, Brayshaw and Buckley, Arocca and Amarfio with the silent driver in Scanlon. They have all done so much for this club and should rightly be celebrated today.

 

[numchuks]

Dani is an abuser who was convicted of stalking.

Wasn’t cool what the police did, but doesn’t change the fact that Dean/Dani is a criminal.

 

[Gumble Frankieton]

I’ve got the workshop to myself today and productivity is very, very low.
Can’t help but feel a bit emotional watching those clips of the Roosistence gig and the Dallas Brooks Hall night.

 

[Duvel]

View attachment 1283137

While I am celebrating the club being debt free. I am surprised and humble to see my name on that. I was a silver pledge and contributed some donations on top of my membership as part of Tru Roo plan, all those years, but alas had to stop the extra donations in past five years, but kept the membership and added my daughter's women NMFC membership since 2017.

cracking a beer open tonight.

 

[Horace]

Just the most wonderful news. Great to see all of the people who have done so much over the 14 years since 2007 coming on to talk.

How good is it to see Euge again and hear his words. Euge was just terrific in the work he did.

 

[gokangas]

Dani is an abuser who was convicted of stalking.

Wasn’t cool what the police did, but doesn’t change the fact that Dean/Dani is a criminal.

Was she convicted? I'm not sure.

 

[Ball Dont Lie]

We have given it to Brad Scott (me included) but gee he is not a bad bloke and definitely a north man. I would sure as hell buy him a beer if I saw him in the pub.

 

[gokangas]

Disappointing that the focus of the Age and Hun is Dani. The real news, debt free, runs a long second. Worked in the media long enough to understand why, but disappointed the real news will be lost on many.

 

[CURVE]

This is a sad day for Caroline Wilson.

That alone should be worth celebrating.

 

[BobbyMorri]

Great work guys. Way to stick it up to the AFL and everyone who doubted you. Keep it up.

 

[travelli]

Dani is an abuser who was convicted of stalking.

Wasn’t cool what the police did, but doesn’t change the fact that Dean/Dani is a criminal.

She made a mistake and paid for it.

Fk off.

 

[Chadwiko]

Was she convicted? I'm not sure.

Good behaviour bond, no conviction recorded.

We don't know the details and the justice system has run it's course. Let bygones be bygones and just appreciate how good it is that after what has clearly been a rough couple of years, she felt comfortable to come home to NMFC.

 

[Chadwiko]

I will never not love Eugene Arocca.

Just all class, salt-of-the-earth type of leader. He was brilliant for our club and he's forever a North Melbourne man.

Euge

 

[giantroo]

 

[Grogg]

Dani, Brad and Nobes, Brayshaw and Buckley, Arocca and Amarfio with the silent driver in Scanlon. They have all done so much for this club and should rightly be celebrated today.

Totally.

Everybody should also take some personal pride in today as well.

The little guys, the faceless supporters from all over Australia, our expats overseas who all stuck fat handed over their cash and tipped in to reduce the debt. When we were on our kness and the blows from The Afl, The Media and the casual opposition scumbag reigned down from above our loyal core dug in.

For that every one of us should be proud.

Up the Mighty Shinboners!!

 

[gokangas]

So not a criminal, nunchucks.

 

[Sphynx]

Bit emotional with all the old clips, I must be honest.

 

[Gorman2Geister]

 

[big_e]

I think the club should have made a distinction between good debt and bad debt. Relying on credit, like a credit card, to get by is bad debt, it doesn't create anything. Getting a mortgage is good debt, it allows you to build your asset base. The generic anti-debt language will make it hard for us to get back into debt for investment purposes in the near future at least.

I honestly don't like the distinction between good debt and bad debt. No doubt there was some "good debt" in the amount that was thrown back at us by the AFL as a reason for us to go to the Gold Coast. And if things start to go pear-shaped again, I doubt the banks will care when we say "but it's good debt!"

The major difference between investing for a football club and investing for just about anyone else is that the football club can't sell the asset. I can go into "good debt" to buy an office building for my business and then sell it later to pay off the debt, but the footy club can't sell our facilities at Arden Street because we don't own the land it sits on.

A better option is to get governments to kick in for as much as possible. The State Government committed $7 million last year for an upgrade at Arden Street - that's a far better approach than "good debt", and the club's significant investments in government relations is the latest in a long list of really smart things we've done in the past decade.