Despite the completion of its $6.21M Arden Street development and an increase in football department spending of $3.67M, North Melbourne Football Club has recorded its eleventh profit in the past twelve years.

North CEO Ben Amarfio applauded the result and pointed to an exciting year ahead.

“Credit must be given to our executive team, Board and former CEO, Carl Dilena, who achieved a lot in his time. Thanks to the generosity of our loyal members, coteries and supporters, we have continued to position ourselves for the future,” Amarfio said.

“The redevelopment ensures our players have access to state-of-the-art facilities, to give them access to the best possible resources to achieve on-field success.”

The facility upgrade included AFLW changerooms, players’ lounge, wet room, new oval lighting and a coaches tower.

“As a result of the upgrade we were able to host VFL games last year and look forward to hosting more games in the upcoming AFLW, VFL and VFLW seasons.”

North’s modest profit of $47k came off the back of overall revenue growth of $41M to $44.6M.

“Last year, we introduced the North Melbourne Tasmanian Kangaroos into the AFLW competition and housed four teams (AFL, AFLW, VFL & VFLW) within our Arden St facility,” Amarfio said.

“While we are satisfied with our financial result, our players, staff and members are impatient and hungry for success.  We are investing more into the football department as we strive for our fifth AFL premiership and first AFLW premiership.

“Our loyal members and supporters are largely to thank for the financial position we are in today, without them we simply would not exist.”