MELBOURNE has raised $750,000 at the fifth annual Foundation Heroes held at Crown on Tuesday night.  

Since the inaugural event was held in August 2008, the club has raised more than $6 million.

Including Foundation Heroes and Debt Demolition donations, Melbourne has raised more than $7 million since 2008.

The establishment of Foundation Heroes was to eliminate Melbourne’s debt.

The late, great Jim Stynes and his board initially set the club arguably its biggest challenge in history - to demolish $5 million debt - when it staged the first ‘Debt Demolition’.

That night in August 2008, 140 of Melbourne’s most powerful supporters helped save the competition’s oldest football club.

With now more than 400 members, the Melbourne Football Club Foundation Heroes are recognised as one of the AFL’s most influential supporter groups.

Last year, additional contributions from the Foundation Heroes allowed Melbourne to pay 100 per cent of the salary cap, creating the opportunity to recruit powerhouse forward Mitch Clark.

The focus of this year’s Foundation Heroes event was to build a ‘war chest’, aimed at retaining and recruiting players like Clark.

The club is aiming to attract 1000 Foundation Heroes.

The key stats from Melbourne’s Foundation Heroes events 2008-12
2008 - $2,304,598
2009 - $576,250
2010 - $1,128,970 (Melbourne wiped its debt in 2010)
2011 - $986,209
2012 - $750,000