Breaking News - New Stadium and Training Facilities

[RedStarTorphins]

193 pages to discuss a stadium we can’t afford & wont be built.

[Red Zone]

More and more, I believe that we'll stop at the training pitches which I have been told are just about funded. Today's percentage comments seem about right.

Findiing the dosh to fund the New Tarryhat Cuddy's ****edome, however, is a huge issue, I believe, with a good bit of healthy cynicism about it all inside the club.

Completely agree. If Milne can't be bothered putting in a single penny towards the training ground then there is little chance he will put in much if anything towards the £10M-£20M of new equity needed to build the stadium. Cormack has been careful with his money also with it coming from his foundation and citing the community benefits of the training facilities so quite a stretch from that to funding a stadium.

I for one will be quite happy we have built the training facilities but will end up staying at Pittodrie

[D31]

DC initially invested just over £1M and TC £775K so when you add in today's £1M if I have done my sums correctly (and assuming todays shares are issued at the same 75p as the other two investments) then that gives them a combined 22% of the enlarged share capital

good info cheers. fairly influential and hopefully more dough to follow

[kkong]

DC initially invested just over £1M and TC £775K so when you add in today's £1M if I have done my sums correctly (and assuming todays shares are issued at the same 75p as the other two investments) then that gives them a combined 22% of the enlarged share capital

It's hard to get right to the bottom of all the holdings, but before today's news, I reckon the situation was something like this:

[curvasud]

More and more, I believe that we'll stop at the training pitches which I have been told are just about funded. Today's percentage comments seem about right.

Findiing the dosh to fund the New Tarryhat Cuddy's ****edome, however, is a huge issue, I believe, with a good bit of healthy cynicism about it all inside the club.

193 pages to discuss a stadium we can’t afford & wont be built.

I'd love to stay at Pittodrie and am quite happy to stay until the south stand has sunk below sea level, but seriously, how do we afford anything at all if we 'can't afford' the most affordable option?

[Jussi]

How much are we expecting from the sale of pittodrie

Queens Park can only get £5M for a somewhat larger area ?

[donsdaft]

With a ready built stadium on it, that the buyer wanted.



To include all carpets etc.

[Jussi]

Maybe that's why is was so cheap

probably overpaid by £4,999,999

[donsdaft]

I'm sure the SFA offer started at £1

Paid in installments

[curvasud]

How much are we expecting from the sale of pittodrie

Queens Park can only get £5M for a somewhat larger area ?

£15.25m is the valuation and yes for that price everything such as ground conditions and demolition work will have already been taken into consideration.

If we 'can't afford' a whole new stadium for £25m (minus sponsorship, share issue, naming rights), then we absolutely can't afford doing anything at Pittodrie, so that particular point of view is not correct.