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SBD Global/October 17, 2013/Finance

AFL Side North Melbourne Expecting Annual Profit Of More Than A$1M

Australian Football League side North Melbourne is "set to record a bumper profit" of more than A$1M ($950,000) as the "club creeps closer to a deal" on St. Kilda's Nick Dal Santo, according to Jon Ralph of the HERALD SUN. Once "prime candidates for relocation to the Gold Coast," North Melbourne will have reduced A$8M of debt to less than A$3M by year’s end. North Melbourne hopes to be "debt free by 2015, with debt to sit" at A$2.75M when the financial year ends on Oct. 31 (HERALD SUN, 10/16).
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