Aberdeen to announce significant cash investment

[H18 SFR]

According to the radio.

[green day]

Crap city, crap stadium, twattish fans................and with £50m to find for a new stadium, Cormacks new £5m aint going too far.

[BILLYHIBS]

According to the radio.

OK I’ll bite how much?

[hfc rd]

OK I’ll bite how much?

£5M

[Hibernia&Alba]

£5M

5 million? I was expecting a Man City type announcement :greengrin

[H18 SFR]

OK I’ll bite how much?

They didn't say on the radio.

[BILLYHIBS]

£5M

:confused:

:wtf:

Wee Ron has that in his Current Account as loose change for buying coffees :greengrin

[BILLYHIBS]

They didn't say on the radio.

Oh OK!

[Since452]

Still won't be able to fill their new stadium.

[hfc rd]

5 million? I was expecting a Man City type announcement :greengrin


Apparently those Sheikhs want to buy a “BIG” club. Step forward Heart Of Midlothian 😂

[HibeeHibernian4]

They have a specialist in failure in Derek McInnes, so I can't say I'm too worried.

[SRHibs]

Waste of money. They're already best of the rest and they're hardly going to be challenging the OF with an extra £5m.

[Marvellous]

They have a specialist in failure in Derek McInnes, so I can't say I'm too worried.

Hardly

[1van Sprou7e]

Lol some stupid reactions in this thread

It's pretty exciting news for Aberdeen and interesting times for Scottish football

Wonder if the yams will be starting to regret fan ownership now...

[SouthMoroccoStu]

Still won't be able to fill their new stadium.

Exactly

They’ll need that type of money to be able to get/encourage fans to the new stadium location

Middle of nowhere doesn’t begin to describe it

[Jones28]

Surely their stadium will be paid off on a mortgage as a planned expense rather than having to Chuck every available penny at it?

£5m for Aberdeen to put into their squad is bad news for us.

[Diclonius]

They have a specialist in failure in Derek McInnes, so I can't say I'm too worried.

We've won twice in sixteen games against his Aberdeen team.

[BILLYHIBS]

Lol some stupid reactions in this thread

It's pretty exciting news for Aberdeen and interesting times for Scottish football

Wonder if the yams will be starting to regret fan ownership now...

Stupid?

It all depends on the amount and the source of this mystery investment

Only then will be able to assess any potential threat to Hibernian FC

As it stands we know nothing

[1van Sprou7e]

Stupid?

It all depends on the amount and the source of this mystery investment

Only then will be able to assess any potential threat to Hibernian FC

As it stands we know nothing

https://www.bbc.co.uk/sport/football/50540163

[BILLYHIBS]

https://www.bbc.co.uk/sport/football/50540163

Link disnae work

:dunno:

[Greencore]

Link disnae work

:dunno:

Yes it does. Copy and paste it.

[Suburban Hibby]

Lol some stupid reactions in this thread

It's pretty exciting news for Aberdeen and interesting times for Scottish football

Wonder if the yams will be starting to regret fan ownership now...

Maybe once they start owning it .....

[BILLYHIBS]

Yes it does. Copy and paste it.



Does it give an amount and source?

[ian cruise]

Does it give an amount and source?

"Aberdeen have confirmed Dave Cormack will take over from Stewart Milne as chairman while injecting £5m of investment into the club.

The Pittodrie side have also announced a "strategic partnership" with Major League Soccer side Atlanta United".

[The 90+2]

They have a specialist in failure in Derek McInnes, so I can't say I'm too worried.

Have we ever finished higher than Aberdeen since McInnes has been manager?

[The 90+2]

Stupid?

It all depends on the amount and the source of this mystery investment

Only then will be able to assess any potential threat to Hibernian FC

As it stands we know nothing

They already make more money and have a much higher budget than us, I can’t genuinely remember the last time we finished above them in the league. I don’t think they will give the slightest monkeys about Hibs fans seeing this as a threat tbh.

[The 90+2]

Lol some stupid reactions in this thread

It's pretty exciting news for Aberdeen and interesting times for Scottish football

Wonder if the yams will be starting to regret fan ownership now...

Hearts had no choice. They done that so they didn’t die.

[neil7908]

Bad news for us. Over to you Ron.

[BILLYHIBS]

They already make more money and have a much higher budget than us, I can’t genuinely remember the last time we finished above them in the league. I don’t think they will give the slightest monkeys about Hibs fans seeing this as a threat tbh.

:agree:

Agree but Ian Cruise has answered my question

5m and a Corporate Partnership with Atlanta United obviously some sort of tie in to Cormacks business empire in the United States

Over to Wee Ron :greengrin

[BILLYHIBS]

"Aberdeen have confirmed Dave Cormack will take over from Stewart Milne as chairman while injecting £5m of investment into the club.

The Pittodrie side have also announced a "strategic partnership" with Major League Soccer side Atlanta United".
:thumbsup:

[Michael]

They have a specialist in failure in Derek McInnes, so I can't say I'm too worried.

I wish we had Aberdeen's level of failure under McInnes.

[stuart-farquhar]

Well that puts us in our place. Behind Aberdeen and Gorgie. Funny old world.

[1van Sprou7e]

Well that puts us in our place. Behind Aberdeen and Gorgie. Funny old world.

Eh?

[The 90+2]

:agree:

Agree but Ian Cruise has answered my question

5m and a Corporate Partnership with Atlanta United obviously some sort of tie in to Cormacks business empire in the United States

Over to Wee Ron :greengrin

🤞

[Steven79]

I wish we had Aberdeen's level of failure under McInnes.They have only won a league cup on penalties against Inverness while we have won the Scottish Cup.

Don's fans would trade their cup win for ours..

Sent from my SM-G960F using Tapatalk

[simple]

Is Dave Cormack not worth about £600m, could be quite exciting times for Aberdeen but I get it would probably take a lot of money to break Celtic.

[Pretty Boy]

I wish we had Aberdeen's level of failure under McInnes.

McInnes has undoubtedly done well at Aberdeen but he's not particularly popular. His style of football, which we have all witnessed, is largely to blame for that.

It's one of those areas in which it's hard to quantify success. Would Aberdeen fans swap a couple of 2nd place finishes and 2 or 3 defeats in Cup finals for our Scottish Cup win and a couple of our convincing victories against Rangers in the same time period? I think they'd bite our hand off for them. You could arguably chuck their League Cup into the mix as well and they'd still take the deal.

[CMurdoch]

"Aberdeen have confirmed Dave Cormack will take over from Stewart Milne as chairman while injecting £5m of investment into the club.

The Pittodrie side have also announced a "strategic partnership" with Major League Soccer side Atlanta United".

The last sentence of your post is the most interesting.
Atlanta United average attendances are over 50,000 which makes them big players and potentially of assistance to Aberdeen.

[Pretty Boy]

Is Dave Cormack not worth about £600m, could be quite exciting times for Aberdeen but I get it would probably take a lot of money to break Celtic.

You are probably looking at £30-50M (transfer and wages) to even get close to the current Celtic team.

[Marvellous]

Naming a training ground after yourself seems to me like dick head behaviour to me. I wish Aberdeen, their team of cloggers, their new chairman and their annoying fans absolute misery.

Edit: And I hope that new stadium on the city bypass is **** as well

[Viva_Palmeiras]

The Americans cometh - what the actual **** is going on ?

Wonder if this means the wider expansion of the game seeing the correction of untapped footballing cities coming to the fore with games being held in a more geographically dispersed context...

Dundee derby in Chicago folks?

[RyeSloan]

The Americans cometh - what the actual **** is going on ?

Wonder if this means the wider expansion of the game seeing the correction of untapped footballing cities coming to the fore with games being held in a more geographically dispersed context...

Dundee derby in Chicago folks?

Cormack is born and bred Aberdeen is he not?

[Viva_Palmeiras]

Cormack is born and bred Aberdeen is he not?

My mistook - KeepUpMin ;)

[stuart-farquhar]

Eh?

Well it means in revenue and investment terms, i.e our ability to compete financially we are also rans.

Get it?

[SMAXXA]

Some eagle eyed monsters on this thread, it’s great for Aberdeen won’t break the old firm but a step in the right direction which any club including ourselves would be delighted with. Also Interesting the 5m quoted when we get told a significant sum, I feel some believe that our owner has an infinite amount of money to invest when in reality we won’t see much if any ,operational or growth changes will be the only enhancements imo

[tamig]

Well it means in revenue and investment terms, i.e our ability to compete financially we are also rans.

Get it?

Aberdeen and hertz were already pulling in and spending more than us. This doesn’t bump us down in the cash league. I’ll be interested to see what Ron’s soon to be announced plans are. I’m sure he’ll be looking to boost our income significantly.

[1van Sprou7e]

Well it means in revenue and investment terms, i.e our ability to compete financially we are also rans.

Get it?

Not necessarily, we also have a rich owner now

[HibeeHibernian4]

Have we ever finished higher than Aberdeen since McInnes has been manager?

If finishing higher in a league (while playing horrible football) is seen as success in your book, then so be it.

To me that just shows we all know how futile playing in the Scottish league is. Finishing third (or second against an absent/weak Rangers) is somehow viewed as successful. It isn't.

Whenever an opportunity arises for McInnes to get actual success, he chokes spectacularly. He is the modern day Levein. One trophy win by virtue of a penalty shootout against Caley Thistle.

[Unseen work]

Let’s not play it down, it is very good news for Aberdeen and I’m sure they’re delighted. 5 million being pumped into the club with a partnership being formed with Atlanta, who’s owner is reportedly worth 5.5 billion

I think they’re planning to liaise with them regarding match day stuff which if you look at Atlanta’s fan base and stadium it’s fantastic. However Aberdeen fans appear miserable and I can’t imagine them ever replicating it.

They’re opening a new state of the art training centre with plans to build a new stadium or re develop the current one.

They've been in Europe for 6 seasons in a row and look like they will again this season even though they’re poorer.

Ferguson, Cosgrove and McKenna will all pull in big fees for them.

We’re in a very good position financially now with the dept being cleared and a 7 figure sum being invested, we also already have a training facility with plans to add an indoor pitch.

Im hoping under Ron and the recent appointment of Ross we get some consistency and start being able to compete with Aberdeen, it may prove difficult though with the money they have/will have.

[Sproule Three]

Was listening to Sportsound podcast and Cormack mentioned that their player wage budget was £10mil.
i believe ours is around 5.5 million . Sure someone can confirm
That gives them a massive advantage in getting the pick of the available players if competing in dave pool as us and Hearts 😩

[Stuart93]

Was listening to Sportsound podcast and Cormack mentioned that their player wage budget was £10mil.
i believe ours is around 5.5 million . Sure someone can confirm
That gives them a massive advantage in getting the pick of the available players if competing in dave pool as us and Hearts 😩

That’s not anything we didn’t already know to be honest

[Michael]

Was listening to Sportsound podcast and Cormack mentioned that their player wage budget was £10mil.
i believe ours is around 5.5 million . Sure someone can confirm
That gives them a massive advantage in getting the pick of the available players if competing in dave pool as us and Hearts 😩

Wow, £10m would be up there with Romanov era hearts. Not sure I'm convinced that a team which sells fewer tickets than us is really spending almost double on players.

[green day]

Part of Cormacks statement - “The £5 million that has come in is working capital is really because we recognise that we want to be able to see as we evaluate clearly the consulting we go through for Kingsford and the stadium. It is important that we have cash flow for day to day operations. For example, Kingsford is going to cost us £750,000 a year to run. Over four years that is £3 million that we need to cover there"

So a lot of the £5m is effectively running costs.

Cormack is clearly a good businessman and he has brought 2 mates on board who want a European football plaything and are prepared to put some cash in.

While any cash injection is good, as we have seen at Hearts its very easy to make huge amounts of cash disappear. Since Cormack got involved, £16.5 million has been spent - and for that they have a training ground to show for it. The new stadium will cost £50m which is a not insignificant sum - even if you are rich.

Lets not forget that the Huns paid £7m just for Ryan Kent, and while we have no idea where they get the cash from - it keeps coming. I dont think Aberdeen have a chance of splitting the Glasgow clubs as it stands, even if thats the vision Cormack has sold the yanks.

As to a strategic partnership with Atlanta - according to his statement, its a 2 way street - “With the Atlanta relationship, they have great capabilities in America and South America and our ability to tap into Europe, from a scouting perspective it makes sense". Interesting to see where they go with it. He also mentioned the commercial opportunities but was a bit more vague on that.

It also allows Atlanta access to Aberdeens thinking on youth development etc where the americans are apparently way behind, surprisingly.

[Sproule Three]

That’s not anything we didn’t already know to be honest

Exclude me from the all inclusive ‘ we’
Ive read a few times that they had a bigger player budget but not double

[Unseen work]

Part of Cormacks statement - “The £5 million that has come in is working capital is really because we recognise that we want to be able to see as we evaluate clearly the consulting we go through for Kingsford and the stadium. It is important that we have cash flow for day to day operations. For example, Kingsford is going to cost us £750,000 a year to run. Over four years that is £3 million that we need to cover there"

So a lot of the £5m is effectively running costs.

Cormack is clearly a good businessman and he has brought 2 mates on board who want a European football plaything and are prepared to put some cash in.

While any cash injection is good, as we have seen at Hearts its very easy to make huge amounts of cash disappear. Since Cormack got involved, £16.5 million has been spent - and for that they have a training ground to show for it. The new stadium will cost £50m which is a not insignificant sum - even if you are rich.

Lets not forget that the Huns paid £7m just for Ryan Kent, and while we have no idea where they get the cash from - it keeps coming. I dont think Aberdeen have a chance of splitting the Glasgow clubs as it stands, even if thats the vision Cormack has sold the yanks.

As to a strategic partnership with Atlanta - according to his statement, its a 2 way street - “With the Atlanta relationship, they have great capabilities in America and South America and our ability to tap into Europe, from a scouting perspective it makes sense". Interesting to see where they go with it. He also mentioned the commercial opportunities but was a bit more vague on that.

It also allows Atlanta access to Aberdeens thinking on youth development etc where the americans are apparently way behind, surprisingly.

The Atlanta connection is certainly an interesting one.

I wonder what sort of connections Ron has in America or Spain that we could tap into with this sort of thinking. I remember Graeme Mathie saying recently that he wants us to be more global, that we are looking for partnerships and we are speaking to Two big European clubs.

Be interesting to see what comes of it.

[Since452]

We've known for a while that Aberdeen have rich American investors. I cant see it making a huge ammount of difference. Worst case scenario the current status quo will be maintained with having our own rich American owner. The Atlanta thing will only benefit Atlanta if at all you'd imagine. Don't see what Aberdeen will get out of it. Different if it was Manchester City or something. Im not overly concerned by it and as im happy with the direction our own club is going.

[danhibees1875]

Was listening to Sportsound podcast and Cormack mentioned that their player wage budget was £10mil.
i believe ours is around 5.5 million . Sure someone can confirm
That gives them a massive advantage in getting the pick of the available players if competing in dave pool as us and Hearts 😩

Aberdeen's staff costs are £8.5M. That is split between 129 staff, only 39 of whom are players (they also have 19 within management). Of course the players will receive disproportionately more.

Hibs staff costs are £5.3M. Split between 100 staff, 65 are "players and management".

Those numbers are a year and a half old though.

[The 90+2]

If finishing higher in a league (while playing horrible football) is seen as success in your book, then so be it.

To me that just shows we all know how futile playing in the Scottish league is. Finishing third (or second against an absent/weak Rangers) is somehow viewed as successful. It isn't.

Whenever an opportunity arises for McInnes to get actual success, he chokes spectacularly. He is the modern day Levein. One trophy win by virtue of a penalty shootout against Caley Thistle.

In a football season you want to finish as high as possible and qualify for Europe with cups a complete bonus, we have failed to ever finish higher in the league since DM has been their manager. Celtic piss all the cups these days, are you saying every other teams season has been a failure because they didn’t win a trophy?

[WhileTheChief..]

Check out Atlanta's new Mercedes-Benz stadium.

Doesn't quite match the standards set in Gorgie but it's pretty impressive.

[NAE NOOKIE]

Check out Atlanta's new Mercedes-Benz stadium.

Doesn't quite match the standards set in Gorgie but it's pretty impressive.

Out of this world, but I'm pretty sure it would be better described as the Atlanta Falcon's stadium rather than Atlanta United's.

As for Aberdeen, the new guy is now backtracking on the new stadium faster than an Aberdeen defender with Ronaldo running at him. It seem's its not worth moving from their rapidly deteriorating ****hole if it means giving up being best of the rest for a while.

Hibs and Hearts have stadiums where every stand has been replaced over the last 25 years and yet a club with more income than both of them isnt prepared to do the same citing cost .... Pittodrie isnt ideal for redevelopment, but if you ask me they arent in any worse of a position space wise than Hearts were. Looking on Google earth it seems to me there's plenty of room to build a substantial main stand opposite the existing one and they could build more than decent end stands if the pitch was moved further into where that massive end stand is now making more room at the other end to build.

In the last 20 odd years every non OF club in the Premiership has spent money building new stands or in some cases entirely new stadiums like St Johnstone and St Mirren .... why the hell should a club richer than all of them be allowed to avoid it and continue to play in a crumbling dump in order to maintain an on field advantage?

[Larry Burns]

There’s no rules against not developing Stands FFS

[RyeSloan]

There’s no rules against not developing Stands FFS

There should be rules about ****ty old stadiums that have seats bolted then rebolted to crumbling old terracing and toilets housed in a portacabin masquerading as a top flight stadium tho...

[Antifa Hibs]

Aberdeen can't appear to afford a generic lego-style bowl in a farm at Kingsford but could be looking to build this as part of a beachfront regeneration project...


https://pbs.twimg.com/media/FDciRO9WEAUb_DA?format=jpg&name=4096x4096

https://www.afc.co.uk/2021/11/05/city-centre-masterplan-committee-report/

Can't see it happening but looks fairy impressive to be fair...

[007]

Aberdeen can't appear to afford a generic lego-style bowl in a farm at Kingsford but could be looking to build this as part of a beachfront regeneration project...


https://pbs.twimg.com/media/FDciRO9WEAUb_DA?format=jpg&name=4096x4096

https://www.afc.co.uk/2021/11/05/city-centre-masterplan-committee-report/

Can't see it happening but looks fairy impressive to be fair...

Is that Warburton's wand at the tip of the triangle?

[Hibby70]

Is that Warburton's wand at the tip of the triangle?

That's where the away fans will stand so the current experience of Pittodrie remains.

[CMurdoch]

Aberdeen can't appear to afford a generic lego-style bowl in a farm at Kingsford but could be looking to build this as part of a beachfront regeneration project...


https://pbs.twimg.com/media/FDciRO9WEAUb_DA?format=jpg&name=4096x4096

https://www.afc.co.uk/2021/11/05/city-centre-masterplan-committee-report/

Can't see it happening but looks fairy impressive to be fair...

I like the punchline

"The Club will work with the Council and its consultants to provide input as they develop a detailed business case and funding plan for the project.”

So basically the council have a drawing, a project document BUT have still to develop a detailed business and funding plan :faf::faf::faf:
Dream on dreamers.

[Hibby70]

They'll still be playing in Pittodrie when it's a foot under water due to rising sea levels.

Stand free (but mind your arm bands)

[The Spaceman]

I like the punchline

"The Club will work with the Council and its consultants to provide input as they develop a detailed business case and funding plan for the project.”

So basically the council have a drawing, a project document BUT have still to develop a detailed business and funding plan :faf::faf::faf:
Dream on dreamers.

On AFC Chat they are demanding 22,000 capacity. Utterly deluded. Total pie in the sky stuff.

[wookie70]

There should be rules about ****ty old stadiums that have seats bolted then rebolted to crumbling old terracing and toilets housed in a portacabin masquerading as a top flight stadium tho...

Hot water in the Portacabins is better than we manage at ER but I agree Pittordrie is one of the worst places to watch football as an away fan

[tamig]

They'll still be playing in Pittodrie when it's a foot under water due to rising sea levels.

Stand free (but mind your arm bands)

The new stadium appears to be even closer to the sea so Pittodrie might outlive it.

[Jones28]

Hot water in the Portacabins is better than we manage at ER but I agree Pittordrie is one of the worst places to watch football as an away fan

Hot water for the 4 seconds per person it’s used seems like a monstrous waste of money to me.

[CMurdoch]

They'll still be playing in Pittodrie when it's a foot under water due to rising sea levels.

Stand free (but mind your arm bands)

:greengrin

[Keith_M]

I know it's in one of their songs but... could somebody please explain to me what their motto of 'stand free' is supposed to mean?

[Northernhibee]

I know it's in one of their songs but... could somebody please explain to me what their motto of 'stand free' is supposed to mean?

Probably to do with their attendances.

[Keith_M]

Probably to do with their attendances.



:greengrin



I had wondered if it was a reference to the site of the new stadium they've been promising to build for the last ten years.

[lyonhibs]

File under "things that'll never happen in our lifetimes"

[AliboyFC]

Still won't be able to fill their new stadium.

Tbh we can't say anything. Have you seen the state of our attendances recently.

[stuart-farquhar]

Tbh we can't say anything. Have you seen the state of our attendances recently.

Unlikely to improve any time soon. In my experience we have a very small core support and a much larger fair weather support than most. Hence when things are not good attendance drops alarmingly.

[Nakedmanoncrack]

Tbh we can't say anything. Have you seen the state of our attendances recently.

If by recently you mean this season, our crowds are better than the historic norm.