Speaking to the Herald Sun's Glenn McFarlane, Brayshaw was responding to a motion, put forward by a small group of members, to amend the club's constitution which would limit the number of home games the club can play outside of Victoria to four without the board going to the members for approval.
"As long as I have got anything to do with the running of the footy club, we are not relocating," Brayshaw said.
"I would cease to have anything to do with the club if a decision was made to relocate.
"When I took over (as chairman) in 2007 it was on the back of me standing up and saying that we aren't going anywhere, and we aren't.
"Why would we spend $17 million building this unbelievable facility (at Arden St) if our plan was to go somewhere else?
"We just wouldn't do it, and it just doesn't make sense that people would think that we would. We are definitely not relocating anywhere."
Brayshaw revealed the club would definitely consider another game in Hobart, but admitted the club wouldn't go much further than that when the current contract expires.
"If you asked me if I wanted to go from two games to three games in Hobart, I'd do it in a heartbeat," he said.
"We love the arrangement we have in Hobart, as it helps to grow the club and we get to take the game to people who are passionate about AFL football."
Growing the club has always been Brayshaw's aim since taking over and knocking back a relocation plan in 2007, and he says the proposed motion would be restrictive and the Board would not be supporting it at the March 19 AGM.
"We love the passion of our supporters and we respect the right of the members to express themselves," he said.
"One of the things we fought hardest for when we first took over was to return the club to the members (in 2008) because we had been a shareholding.
"Having said that, I don't like the wording of this particular motion. It would hamstring future generations of administrators at this club from being able to grow the business and that, in my view, is the wrong path for us to be headed down."
Brayshaw instead said the board would consider adding a relocation clause at the next AGM.
"We need to have the ability to keep growing this business and to keep going to new places to build the brand that is the North Melbourne Football Club," he said.
"Anything that is going to possibly restrict that is not where we need to be heading.
"Whoever is doing my job or (chief executive) Carl's (Dilena) job in 30 years needs to have the flexibility and ability to grow the club into the future."
In 2014, Brayshaw will be up for re-election as chairman and confirmed it will be his last term if he's successful.
"If by the grace of the members, I am elected, that will be my final set of three years, which is entirely appropriate.
"I want to stay around and deliver on what I spoke about that night at Dallas Brooks Hall (in 2007), and that is a sustainable club that is debt free, that continues to grow in new markets, and that is able to hold its own against any club on any day.
"We are not there yet. We have come a long way over the past five years, but we still have a long way to go.
"There are times when we get criticised as a club and my instant reaction to that is, 'do me a favour, get in your car and drive down to Arden St (Aegis Park) and have a look at where the club is now'.
"You only need to have a look at the facility we have here now and the $2 million re-build of the ground to show you where we have come from.
"We need to grow, we need to find new supporters, we need to have more people watching us at games and on television and we need more people to buy our merchandise," Brayshaw said.
"The latest AFL figures that were released show that we have been in this competition for almost 100 years, and we have got about 130,000 to 150,000 supporters. And the only way to increase your size is to attack new markets.
"With 200,000 people in the south of Tasmania, it is an unbelievable opportunity to add to our supporter base in a new market.
"That is also why Ballarat and the Goldfields is a huge opportunity for us. You have a place that is, like Tasmania, absolutely passionate about our game and you say to them 'would you like to consider us if you are wondering which club you might like to support?'.
"The difference between going from 130,000-150,000 supporters to say 230,000 makes the ongoing running of the club so much easier."
