With the team out of finals contention, home games at the MCG against Richmond, Collingwood and the Sydney Swans at the end of the season failed to attract a crowd above 40,000.
The full extent of the loss will be known within weeks however, the club has already made inroads in an attempt to bounce back into contention under Simon Goodwin.
At the end of the 2018 financial year, Melbourne’s overall debt sat at $2.6 million.
The Demons had a mini shake-up in their football department at the end of the season following an internal review, with highly regarded fitness coach Darren Burgess starting. Former Saints coach Alan Richardson was appointed as a director of coaching and Dr Peter Brukner will play a role as a medical consultant.
Nathan Jones also stepped aside as co-captain with Jack Viney.Star ruckman Max Gawn is a chance to be elevated to that position.
They will play an extra home game at the MCG in 2020, with Darwin no longer part of the Demons’ suite of home games, and are continuing to look for an alternate training venue. The club is part of a state government working party exploring potential locations within the MCG precinct.
They have ruled out a potential development around Jolimont railway but are aiming for a members social club within walking distance of the MCG.
The Demons will head to Wednesday night’s national draft with picks three, 10 and 28 after picking up Giants’ wingman Adam Tomlinson and Fremantle speedster Ed Langdon in the trade period. They have also invited former Docker Harley Bennell and delisted Bomber Mitch Brown to train with them.