GEELONG chief executive Brian Cook says the short-term future of clubs is all but guaranteed, but relocation could be on the agenda once the new broadcast rights deal ends in 2016.

Relocation remains a dirty word, with clubs adamant they have a healthy financial future in their current zones.

However, an analysis of the annual reports of several clubs shows just how much of a fight it is to simply balance the books.

Some clubs are labelled as a ''going concern'' by auditors. This does not mean they are insolvent but if not for certain financial guarantees, including the support of banks and the AFL, they would face immense difficulties in staying afloat.

Read more...