dna

[Red Zone]

Similar to Rangers...how many times have Rangers tried to gather extra funds through their own fans after supposedly having a rich chairman/board? Milne and our board of multi millionaires are absolutely no better as we now are expecting the fans to contribute towards our playing staff budget. (Hope you don’t need further help understanding my point )

No suggesting we copy the Huns at all...far from it. All I am saying is Milne is doing nothing with his own personal vast wealth to help our playing budget but our own fans are going to increase it by financing it. Milne didn’t even as much as say that whatever our fans put in he would match it (I am even trying to compromise).
I know the whole dna thing might not be a lot of money for our fans but spare a thought that the guy in charge of the club has more than enough money to spare.

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.

[afc1903mad]

So for the share issue Milne will either need to fund the majority of the share issue himself (as the majority shareholder)

I think Dave Cormack will have a major input as well.
I doubt Milne and Co funding the stadium would be viewed by some as enough though.

[RED_JOHN]

I think Dave Cormack will have a major input as well.
I doubt Milne and Co funding the stadium would be viewed by some as enough though.

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.

[afc1903mad]

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.

Any good business person would commercialise as much as possible before utilising their own funds.
Let’s see how the hand plays out.

[Red Zone]

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.

[RED_JOHN]

Any good business person would commercialise as much as possible before utilising their own funds.
Let’s see how the hand plays out.

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.

[Jupiter]

I've always said the stadium won't happen because they can't afford it, nothing has happened to make me change my mind.

[kkong]

You do, when you sign up you get asked your preference on where the money goes to.

Christ. If this is the level of gullibility and naivety we're dealing with, we may as well end the discussion here.

If asked, my preference would be for the monarchy to be overthrown this year. It's not going to happen though, is it?

[afc1903mad]

Christ. If this is the level of gullibility and naivety we're dealing with, we may as well end the discussion here.

If asked, my preference would be for the monarchy to be overthrown this year. It's not going to happen though, is it?

You know for certain something different?

[kkong]

I've always said the stadium won't happen because they can't afford it, nothing has happened to make me change my mind.

I would agree.

Although if afc1903mad (Stewart Milne's nom de plume) can gain enough traction, I may reconsider.