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Melbourne reduces debts

7/08/2008 12:00:00 AM
AFL club Melbourne has wiped more than $2million off their debt at a fundraising dinner.

The dinner was the start of the Demons' debt demolition campaign, in which they are aiming to erase their $5 million debt.

Last night's event was attended by 170 supporters, who each contributed at least $6000, with a total $2,051,000 raised.

''The support we received and the money we raised on the night was sensational. To make such significant inroads into our debt in one night has provided a fantastic start to our debt demolition campaign,'' club president Jim Stynes said.

The Demons will now send a letter to all of their members, asking for further contributions.

Demons co-captain James McDonald said the success of the dinner provided a lift for players.

''I think it gave us a real boost last night and the players that were there were a little bit gobsmacked, I suppose, at the generosity of the supporters and the passion that they're showing,'' he said.

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