New Stadium Approved

[Dom Sullivan]

Heard Wicks say three four years in the Saltire video.

 

If they're not doing anything this year about raising money for the stadium, it'll probably take the whole of next year at least for share issues and so on, up to the beginning of 2021.

 

Why it would be 2 and half years from that point I'm not sure. That seems extraordinarily slow progress.

They'll have to appease the blue rinse mob who with the help of Councillors will slow things up

 

many of the blue rinsers likely won't be around to see the stadium completed anyway

[RUL]

Heard Wicks say three four years in the Saltire video.

 

If they're not doing anything this year about raising money for the stadium, it'll probably take the whole of next year at least for share issues and so on, up to the beginning of 2021.

 

Why it would be 2 and half years from that point I'm not sure. That seems extraordinarily slow progress.

 

Guessing work will remain ongoing with the site but the main work can't start until they actually have anywhere near £50M + raised to cover costs?

[slippers]

Guessing work will remain ongoing with the site but the main work can't start until they actually have anywhere near £50M + raised to cover costs?

don’t have to have it raised just secured. Need to know the bank, shareholders or friends of the club will guarantor the shortfall before going ahead.

 

Club has done well to get training ground done without borrowing any money. I wonder what the terms are from the directors and friends of the club?

[Kiriakov33]

I was originally all for the move and excited about moving into a new stadium. As time moves on I genuinely do not think it will ever get built. We have secured the land and necessary planning but I just cannot see where the fook we are getting 50million from. The real likelihood is it will cost 55-60 million. Oh and the training ground is the best thing to have happened to the club in years.

[Andy_123]

We don’t need to find £50m. I reckon we’ll need to find about £30m.

 

We’ll get £15m(ish) for Pittodrie, we’ll sell naming rights, I reckon we’ll see some more American investment and I’d like to think the government / SFA might try to lend a helping hand, as I’m sure they’ll be looking to use it occasionally once it’s up and running.

 

£30m is still a big ask mind you. Hopefully they can get a good deal on a mortgage for whatever’s leftover to pay.

[TheRock]

I don't know what a mortgage on however tens of millions of pounds we end up borrowing would be but presumably the money each year we're saving on not maintaining Pittodrie anymore would at least take the edge off of those monthly payments.

[Ke1t]

I don't know what a mortgage on however tens of millions of pounds we end up borrowing would be but presumably the money each year we're saving on not maintaining Pittodrie anymore would at least take the edge off of those monthly payments.

 

What's AFC's credit like? 

[NEM]

Of course it will happen

 

Just because you don't know how to raise 50m doesn't mean businessmen dont

 

 

Took Milne 15+ years to "raise the money" to pay off the debt that hung around our neck like a millstone.  But yeah i'm sure he'll manage to conjure up £50 million +  

 

 

 

Pie in the sky.  Long overdue training ground is built and we're staying put at our spiritual home.  Happy days

[Ten Caat]

What's AFC's credit like? 

 

Call Experian, tell them you are AFC and get a free credit check

[Reliablesource]

Pie in the sky. Long overdue training ground is built and we're staying put at our spiritual home. Happy days

Lol. Folk still believe that?!

 

Are you a flat earth freak ana?

[craegDAMH]

There's absolutely nothing wrong with operating with debt, so long as the repayment terms are manageable.

 

As long as the cash we generate from the increased revenue available to us from the new training facilities and stadium, and from the reduced maintenance costs of newer facilities, is more than the cash expense of the repayments then it's perfectly credible we could fund a decent sized mortgage to build the stadium without impacting the playing budget.

[NEM]

Lol. Folk still believe that?!

 

Are you a flat earth freak ana?

 

 

Stewart still nae signing mate?  

[Panda]

Took Milne 15+ years to "raise the money" to pay off the debt that hung around our neck like a millstone. But yeah i'm sure he'll manage to conjure up £50 million +

 

 

Raising the money isn't just down to Milne though.

 

Are we honestly going to go through all the names on the board and claim they're all clueless when it comes to business and investment?

 

They probably need to raise £25m minimum. The sale of Pittodrie adds more to that and the club have always planned to have a manageable debt so don't think they plan to or feel they need £45m in the bank before starting.

 

Considering they raised £12m for the training ground (and didn't do it by cost cutting either - they actually increased their own costs by making the decision to add a hybrid pitch), I don't think it's that unrealistic the club can raise double that over the next two years.

[Poodler]

Stewart still nae signing mate?

 

[Reliablesource]

Stewart still nae signing mate?

No. He isn't.

 

Anyway, that's a millerbore catchphrase.

[Kiriakov33]

Supposing they raise the necessary funds , does anybody know realistically how long it takes to build a 20,000 seater stadium. Genuine question, I haven’t a clue

[NEM]

Raising the money isn't just down to Milne though.

 

Are we honestly going to go through all the names on the board and claim they're all clueless when it comes to business and investment?

 

They probably need to raise £25m minimum. The sale of Pittodrie adds more to that and the club have always planned to have a manageable debt so don't think they plan to or feel they need £45m in the bank before starting.

 

Considering they raised £12m for the training ground (and didn't do it by cost cutting either - they actually increased their own costs by making the decision to add a hybrid pitch), I don't think it's that unrealistic the club can raise double that over the next two years.

 

 

Maybe the upcoming sell out crowds for the birds team and their champions league prize money can pay for it    

[boboisared]

Maybe the upcoming sell out crowds for the birds team and their champions league prize money can pay for it    

Good positive thinking for a change NEM.

[Dom Sullivan]

Supposing they raise the necessary funds , does anybody know realistically how long it takes to build a 20,000 seater stadium. Genuine question, I haven’t a clue

Yep, you'll definitely get an answer to that question by coming on here and asking it...

[Panda]

Maybe the upcoming sell out crowds for the birds team and their champions league prize money can pay for it

Exactly.

[Dusk( 2 Stars )Don]

Supposing they raise the necessary funds , does anybody know realistically how long it takes to build a 20,000 seater stadium. Genuine question, I haven’t a clue

1576800 minutes or there abouts.

[Kiriakov33]

Yep, you'll definitely get an answer to that question by coming on here and asking it...

You’re right. Wtf was I thinking ?? Idiot

[V for Vendetta]

Haha BOOM

Loved Basil Brush

[Dusk( 2 Stars )Don]

We must also all have a beer in there

[Chewie37]

Supposing they raise the necessary funds , does anybody know realistically how long it takes to build a 20,000 seater stadium. Genuine question, I haven’t a clue

Yes, probably construction firms who’ve built one before

[CityCentre]

Supposing they raise the necessary funds , does anybody know realistically how long it takes to build a 20,000 seater stadium. Genuine question, I haven’t a clue

 

Around 24 months I'd assume.

[Ten Caat]

Email @legoland

 

They're the c@nts that built everyone's stands apparently

[Chewie37]

Stinking

I’ll bow to your expert knowledge of stinking chat

[Reliablesource]

I’ll bow to your expert knowledge of stinking chat

He's the king of shitfull stinking - chat

[Dusk( 2 Stars )Don]

We must all have a beer in there