Captain - Coach: Ivor Warne-Smith
Finishing Position: 8th
Best and Fairest: n/a
Leading Goalkicker: George Margitich (66)
Best First Year Player: n/a
Members: 1465
| Matches | Ladder | Playing List | Seconds | ||
The club's financial situation saw them unable to scour the country for recruits, instead having to rely on veterans and local youngsters.
The VFL introduced the Page Final Four system for the first time, and after round 6 it looked as if the Redlegs were well on their way to being part of it. The wheels fell off from there and they finished four games out of the finals after a six match losing streak in the middle of the season.
The Round 13 victory over Essendon ended in a protest by the losers which was dismissed.
The Seconds won their premiership.
Andrew Manzie and T. Parkin were Melbourne's delegates to the league.
Premiership Season
| Round | Opposition | Result | |||
| 1 | Fitzroy | WIN | |||
| 2 | Essendon | LOSS | |||
| 3 | Geelong | WIN | |||
| 4 | Hawthorn | WIN | |||
| 5 | Footscray | WIN | |||
| 6 | North Melbourne | WIN | |||
| 7 | Collingwood | LOSS | |||
| 8 | Carlton | LOSS | |||
| 9 | St. Kilda | LOSS | |||
| 10 | Richmond | LOSS | |||
| 11 | South Melbourne | LOSS | |||
| 12 | Fitzroy | LOSS | |||
| 13 | Essendon | WIN | |||
| 14 | Geelong | LOSS | |||
| 15 | Hawthorn | WIN | |||
| 16 | Footscray | LOSS | |||
| 17 | North Melbourne | WIN | |||
| 18 | Collingwood | LOSS | |||
Ladder
| W | D | L | % | P | |
| Geelong | 15 | 0 | 3 | 151.4 | 60 |
| Richmond | 15 | 0 | 3 | 141.1 | 60 |
| Carlton | 12 | 0 | 6 | 125.1 | 48 |
| Collingwood | 12 | 0 | 6 | 124.0 | 48 |
| Footscray | 12 | 0 | 6 | 110.2 | 48 |
| Essendon | 10 | 0 | 8 | 99.2 | 40 |
| South Melbourne | 9 | 0 | 9 | 99.1 | 36 |
| Melbourne | 8 | 0 | 10 | 91.7 | 32 |
| St. Kilda | 8 | 0 | 10 | 89.2 | 32 |
| Fitzroy | 4 | 0 | 14 | 86.0 | 16 |
| Hawthorn | 3 | 0 | 15 | 82.1 | 12 |
| North Melbourne | 0 | 0 | 18 | 50.8 | 0 |
Playing List
| Number | Player | Games | Goals | ||
| 1 | Stan Wittman | 6 | 1 | ||
| 2 | Wyn Murray | 7 | 1 | ||
| 3 | George Margitich | 17 | 66 | ||
| 4 | Jim Abernethy | 18 | 0 | ||
| 5 | Hec Davidson | 6 | 0 | ||
| 6 | Ted Esposito | 17 | 0 | ||
| 7 | Bert Avery | 18 | 0 | ||
| 8 | Bill Adams | 1 | 1 | ||
| 10 | Jack Collins | 8 | 1 | ||
| 11 | Frank Smith | 12 | 0 | ||
| 12 | Jack Power | 12 | 1 | ||
| 13 | Gordon Lindsay | 1 | 0 | ||
| 14 | Ivor Warne-Smith | 16 | 9 | ||
| 15 | Harry Crapper | 5 | 0 | ||
| 16 | Robert C Johnson | 15 | 44 | ||
| 17 | Bill Macdonald | 3 | 0 | ||
| 18 | Bill Cutler | 7 | 0 | ||
| 19 | Edwin Pemberton | 5 | 0 | ||
| 20 | Harry Long | 18 | 7 | ||
| 21 | Bill Vanthoff | 14 | 12 | ||
| 22 | Reg Conole | 14 | 2 | ||
| 23 | Francis Vine | 14 | 2 | ||
| 24 | Percy Beames | 11 | 2 | ||
| 25 | Billy Collins | 2 | 0 | ||
| 27 | Bill Tymms | 11 | 0 | ||
| 28 | Webber Jackson | 12 | 5 | ||
| 29 | Jimmy Davidson | 18 | 8 | ||
| 30 | Howard Steel | 3 | 1 | ||
| 31 | Lew Gough | 4 | 0 | ||
| 32 | Gordon Ogden | 13 | 0 | ||
| 34 | Ray Usher | 15 | 1 | ||
| 35 | Richard Taylor | 15 | 12 | ||
| 37 | George Cassidy | 3 | 2 | ||
| Ossie Green | 1 | 0 | |||
| Round | Player | Charge | Sanction | ||
| Round 4 | Gordon Ogden | Attempted Striking | 4 matches | ||
| Round 5 | Stan Wittman | Striking | Not Guilty | ||
Seconds
| W | D | L | % | P | |
| Collingwood | 15 | 0 | 3 | 143.0 | 60 |
| Melbourne | 14 | 0 | 4 | 175.0 | 56 |
| Geelong | 14 | 0 | 4 | 157.6 | 56 |
| Essendon | 13 | 0 | 5 | 135.9 | 52 |
| Carlton | 10 | 0 | 8 | 40 | |
| St Kilda | 10 | 0 | 8 | 40 | |
| Richmond | 9 | 0 | 9 | 36 | |
| South Melbourne | 7 | 0 | 11 | 28 | |
| Fitzroy | 5 | 0 | 13 | 20 | |
| Footscray | 5 | 0 | 13 | 20 | |
| Hawthorn | 5 | 0 | 13 | 20 | |
| North Melbourne | 1 | 0 | 17 | 4 |
Finals
| Round | Opposition | Result | |||
| SF | Collingwood | WIN | |||
| GF | Geelong | WIN | |||
Media
The Argus - 18/02/1931
Herald - 24/02/1931
Sporting Globe - 28/02/1931