North Melbourne are AFL paupers no more, with the Kangaroos debt-free for the first time in almost 35 years.
Often the subject of merger and relocation speculation, North heading into the black is a significant achievement for the once-cash strapped battlers.
The Kangaroos rejected a lucrative deal to relocate to the Gold Coast in 2007.
Turning down the record package from the AFL split opinions of the North faithful, with debt peaking at about $9 million, but the bold decision has paid off.
It is the first time the club has been debt-free since 1987.
North Melbourne's Arden St headquarters were humming on Friday as a range of past and present identities celebrated the achievement.
Former Kangaroos coaches Brad Scott and Dani Laidley returned to the club for the first time since their exits in 2019 and 2009, respectively.
North have been playing home games in Hobart for the last decade and have regularly been linked to a permanent shift to Tasmania.
But North chairman Ben Buckley hopes such chatter can now die down as the club's financial position improves.
A decision on a potential Tasmanian club will be made next year, with the state's government determined to provide the AFL's 19th team, rather be home to a relocated one.
"We've always said Arden St is our home and will always be our home and we'll be here for the next 150 years," Buckley said.
"We're very pleased with playing four games in Tassie and we think it has worked well for Hobart and Tasmania.
"We'd like that to continue, but we also support Tassie's ambition to have their own team.
"If there's a point in time in the future, where they have their own team, and we come back (and play all home games in) Melbourne, we'll embrace that as well."
Making the feat more impressive is the Kangaroos are embarking on the biggest on-field rebuild in the club's history.
North are coming off their first wooden spoon since 1972 and will have the first pick in the AFL draft for the first time next week.
"I think a financial position becomes an attractive position for us in the industry," North coach David Noble said.
"We should be shouting this from the rooftops because it's something we should be extremely proud of."
Former North powerbroker Peter Scanlon looked back with pride on the club rejecting the move to south-east Queensland.
"Although it looked financially attractive, moving to the Gold Coast was the end of the Shinboners," he said.
"The decision those guys made was we'd rather try and fail (in Melbourne) than give up."