Roos post record profit

North Melbourne fans enjoy Jack Ziebell's last-quarter goal. Picture: Michael Klein Source: Herald Sun

NORTH Melbourne has credited fan donations for helping the Roos post a record operating profit of more than $1 million.

The Roos today announced an operating profit of $1,193,080 for the 2011-12 financial year.

Interim chief executive Cam Vale said the club reduced its debt by $1 million with the help of its Box On campaign, while increasing revenue growth by $5 million.

"This is truly an outstanding result for the club and could have only been achieved with the remarkable support of our members and fans," Vale said.

"A record profit and reduction of debt in tough economic times is a remarkable outcome and highlights revenue growth across the board and controlled football expenditure."

Vale said he expected the Roos would be debt-free "within a few more years".

Earlier this week, Hawthorn's 60,000-strong band of members has helped ensure the club has posted a mega profit for 2012, reaping more than $2 million.

The Hawks profited $2,023,720, up about $300,000 on last year's result.

The Grand Finalist recorded a 7.4 per cent increase in members, boosting the number to 60,841.

"Our strong financial result is a credit to the hard work and dedication of management who constantly strive for excellence and innovation, and support their staff to do likewise," new president Andrew Newbold said.

Newbold thanked the 8731 Tasmanian members which signed up this season.

2012 AFL CLUB FINANCIAL RESULTS

Hawthorn: $2,023,720 profit

North Melbourne: $1,193,080 operating profit

Other clubs to follow

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