Sorry, no results were found for your search
Search...

Melbourne Football Club is Taking off in its Career

Melbourne Football Club

On the eve of the Grand Final, the company declared its financial independence and a meteoric rise.

The football club intends to show its high professionalism on the field. By making football the main source of income. At the same time, the president of the club announced the sale of slot machines. Melbourne is deliberately giving up this source of income. The sum of 23.7 million dollars will be reinvested in the development of the club.

Now, according to the statement of senior management, the club is free of debt and therefore is ready to boldly move forward.

A Positive Example is Contagious

Note that the Melbourne club became a pioneer in the world free from gambling. The famous racing company Western Bulldog is also in the final stages of selling its slot machines. It should be noted that slot machines brought the club revenues in the amount of 5.8 million dollars a year, which indicates the extreme unprofitability of this direction. The proceeds from the vending machines will be used to renovate the Whitten Oval, the club’s football department, and to improve the community program.

The slot machine sale is a big day for Western Bulldogs – the day it officially exits the gambling industry.

For Western Bulldog, this step also became a real breakthrough in the financial sector, which allowed to reduce debt, stabilize the company’s balance sheet and improve the financial performance of the club.

Posted by William Hughes
Senior Reporter

The professional work of a journalist brought the author to our gambling portal. William’s articles are full of precision and journalistic clarity. Can lead a discussion on any gambling topic.

Visit the author's page