Uk news Dave Cormack confirms Aberdeen stadium plans as he estimates £8m Covid loss MetiNews.Com
MetiNews.Com - The Dons chairman is keen for the club to maintain its plans but admits there will be a delay.
Breaking News ! Chairman Dave Cormack has confirmed Aberdeen still plan to proceed with their £50m new stadium despite the financial pain caused by coronavirus - he just doesn't know when. The Scottish Premiership club announced a loss of nearly £3m on Friday an increase from their previous figure of £1.03m. And now Cormack has revealed that the overall loss to the club from the Covid pandemic is likely to be in the realms of £8m. But the US based power broker has no intention of shelving long-held plans to move from from Pittodrie to Kingsford. He told the Aberdeen Evening News : “The stadium project is going to happen. But is it delayed by one, two or three years? “If you could tell me when crowds are back at Pittodrie, I could give a better estimate.
.” “Absolutely we will get through this as a club financially. “But what will we look like in six, to nine to 12 months if there is no plan to get fans back? “We have to stop haemorrhaging cash at some stage.
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“It’ll have probably cost us about £8m by the time we get through this, if indeed we are back playing in front of crowds next season. “We could have had £8m that could have gone to the new stadium that we have used to basically cover losses because of Covid. “First things first, we have to focus on a plan with the management team of getting through this. “Then, when we do, it is a case of saying what does the stadium project look like?”
Source = MetiNews.Com