The Kangaroos were investigating playing a home game in Sydney next year in a bid to make up the $1.2 million shortfall left after their decision to forego their three home fixtures on the Gold Coast in 2009.
Chief executive Eugene Arocca confirmed this was no longer the case when he spoke to Melbourne radio station SEN on Wednesday morning.
"Endorsements like the one we got from Mazda just confirm that there is hope and prospects of success for Victorian-based clubs who are not necessarily the big four or five," he said.
"We've worked pretty hard to try and fill that gap; there wouldn't be too many businesses that could achieve that.
"[But] with the help of Mazda and with a bit of fixturing and scheduling assistance from the AFL, we're not going to get to $1.9 million [in total on-field revenue in 2008] under the current deal, but we're probably going to get to something fairly comfortable that allows us to be confident we can have the 11 [home] games in Melbourne.
"It's a fantastic result. We started working on this two or three weeks ago and we were encouraged by the fact that Mazda saw its way fit to not only extend its contract from one year to be the front of guernsey sponsor, but then reviewed it all and decided that they were going to take the lot; so we couldn't be happier."
The Roos had begun investigations into playing a home game in Sydney after the AFL rebuffed plans to sell a home fixture to West Coast.
Arocca said the new deal was further proof of the improving outlook for the club, which hopes to resolve its complicated ownership structure at an extraordinary general meeting on October 29.
"We've been working pretty hard with the shareholders and it seems like it's drawn out, but these people have had an input into the club for over 20 years and you don't just say to them 'flip the switch and give us back your shares'," Arocca said.
"We've been meeting with them, talking to them, elaborating on our plans, we've shown them our three-year strategy, we've given them some information on where the club is heading and to some degree we're fairly confident that they have accepted we're not going to the Gold Coast and that there's a sound administration with a solid board in place that gives them the confidence to consider if they're going to hand back their shares to do it now.
"We're hopeful on the 29th of October we will have the necessary 75 per cent to return the club to being a members-only club."
Arocca said 16 current major shareholders had been nominated as club patrons with 'limited benefits' for life including official passes and access to grand final tickets in a bid to recognise their contribution and smooth the transition to a member-based club.
"Not one North Melbourne supporter or member has expressed dissatisfaction with the fact that we've nominated these people for these benefits," Arocca said.
