North Melbourne has now fully eradicated what was once $9 million of debt, according to multiple reports.
The Kangaroos have systematically eliminated their debt since rejecting the AFL’s offer to relocate to the Gold Coast back in 2007.
They are expected to officially make the announcement on Friday.
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The Roos have not been debt free since 1987.
North Melbourne is coming off a wooden spoon finish as the club went through a hard list reset.
They hold the first pick in next week’s National Draft, where they’re expected to select South Australian midfielder Jason Horne-Francis.