NORTH Melbourne stands on the brink of financial disaster, with the club's bank account holding just $2749 of cash when it filed its annual report on October 31.
At the same time, the Kangaroos have run up a $201,268 overdraft and have drawn down $4.75 million of a $5 million bank loan facility to help fund the club's new training facilities at Arden Street.
Concern has been growing in recent months among senior figures at AFL House about the parlous state of the club's finances, and the perceived bungling of the club's plan to relocate home games to Tasmania.
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Roos verging on bankruptcy
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