$1 million profit expected this year

[one-eyed]

From Herald-Sun
Damian Barrett and Michael Stevens
28 March 2007

Chief executive Steven Wright said a $1 million profit was expected this year.

Wright said he hoped club debt would be down to $3.5 million by the end of 2007, from $5.2 million in 2004.

With a $7 million redevelopment of Punt Rd to begin soon, Wright said the mood at the club was bright.

"This is a great venue and we want to stay here. We definitely don't want a Lexus Centre-type facility," Wright said.

http://www.heraldsun.news.com.au/footy/common/story_page/0,8033,21459776%255E19742,00.html

[mightytiges]

Wright said he hoped club debt would be down to $3.5 million by the end of 2007, from $5.2 million in 2004.

Knocking a million off each year = Debt free hopefully by 2010-11 

"This is a great venue and we want to stay here. We definitely don't want a Lexus Centre-type facility," Wright said.

But Collingwood values its traditions 

[WilliamPowell]

"This is a great venue and we want to stay here. We definitely don't want a Lexus Centre-type facility," Wright said.

But Collingwood values its traditions 

They would if they knew wat it meant