I am in favour of DNA but it is disappointing that Milne and the Board are just viewing us fans as an additional income stream without any sort of similar commitment from people who as you say can far better afford it and are supposedly fans as well.
The proof of the pudding of Milne will be the funding of the new stadium rather than DNA. The give or take £30M gap in funding will simply have to be funded in the main by a share issue (anybody who thinks we will be saddled by huge debt is simply wrong as banks just won't lend to Scottish football clubs in the quantum like they did in the past as they know they won't get their money back if things go wrong - it's not like a mortgage on a house where you have a sellable asset when the mortgage is not repaid - any mortgage we have will be fairly modest). So for the share issue Milne will either need to fund the majority of the share issue himself (as the majority shareholder) or if he is not prepared to do that then either the stadium doesn't get built or someone else (single or group of people) steps up to take up the slack and at that point then every chance that Milne is no longer the majority shareholder.
As I say proof of the pudding in Milne's financial commitment to the club will be revealed in the next year or so.
How much money has Dave Cormack pumped into the club? If Milne personally funded his dream of the new stadium and the training facilities then I will think a lot more of him. He won’t though as he will try and squeeze every penny of the total cost of his dream by using money from others. It’s the Milne way.
It was a bit vague when announced other than multi million investment. Unclear if that was new money for club or money spent buying out existing shareholders (Aberdeen Asset Management?). No real evidence of it being new money for club. He subsequently committed £1M to the training facilities (probably not actually invested yet but a commitment to fund when time comes). I agree with afc1903 that I would expect him to take up a decent chunk of any share issue, whether that's as well as Milne or instead of Milne remains to be seen and where that leaves the shareholding at the end as to who is biggest or majority shareholder will depend on how everything is structured.
I have no doubt that Milne will try to maximise his percentage shareholding and minimise what he puts in, but the numbers are so large here I just can't see how he can pull it off if he wants the stadium built.
He will not use his own funds. He has no intention of doing that. Milne is a fraud of a chairman make no bones about it. He is holding the club back with his lack of ambition and as previously stated other people’s money has bailed him out.
Why will he himself not equally contribute the same amount of cash as the clubs dna members? He can certainly more than afford that token gesture.
The only thing that Milne is good for giving is daft statements about the need for having that mob from Govan being in a strong position. Imagine if their chairman said to their fans that it is totally acceptable that Aberdeen are the 2nd best team in the league behind an unstoppable Celtic. Then top it off by asking their fans to plough cash in to fund their vision.
I've always said the stadium won't happen because they can't afford it, nothing has happened to make me change my mind.