AberdeenAngus Posted November 12, 2014 Share Posted November 12, 2014 Brilliant to see this being welcomed by all except a few seething Sevconians. The level of bitterness and anger is the cherry on today's magnificent cake. Quote Link to comment Share on other sites More sharing options...
Squirrelhumper Posted November 12, 2014 Share Posted November 12, 2014 Though not enough paying customers to pay down the debt................ Rangers had 50k paying customers and still went bust. Looks like it'll happen again. Quote Link to comment Share on other sites More sharing options...
SMcoolJ Posted November 12, 2014 Share Posted November 12, 2014 Debt free wherever you may be, we are the famous Aberdeen. Etc, etc. Quote Link to comment Share on other sites More sharing options...
Pool Q Posted November 12, 2014 Share Posted November 12, 2014 (edited) The Dons - paying taxes since 1903. Edited November 12, 2014 by Pool Q Quote Link to comment Share on other sites More sharing options...
phart Posted November 12, 2014 Share Posted November 12, 2014 See Larky is living in his Harry Potter universe where he thinks words shape reality. Quote Link to comment Share on other sites More sharing options...
flynnyboy Posted November 12, 2014 Share Posted November 12, 2014 As a scottish football fan this is fantastic news. As was the deal for killie and Dundee United. Repayments to debts, ran up by financial mismanagement, have been crippling and stifled any real advancement for the club's affected. Hopefully the Dons, United, hearts and killie now keep their house in order and concentrate on the development of youth, which will allow for future profits on sale of these playing assets, which will allow for further investment. It can only be a good thing for the scottish game and improve the competitiveness of the league. Those arguing otherwise are being disingenuous or are embittered beyond belief. Quote Link to comment Share on other sites More sharing options...
Larky Masher Posted November 12, 2014 Share Posted November 12, 2014 See Larky is living in his Harry Potter universe where he thinks words shape reality. One day you will get funny don't give up, trying clicking your heels harder before the next post. Quote Link to comment Share on other sites More sharing options...
North East Loon Posted November 12, 2014 Share Posted November 12, 2014 As a scottish football fan this is fantastic news. As was the deal for killie and Dundee United. Repayments to debts, ran up by financial mismanagement, have been crippling and stifled any real advancement for the club's affected. Hopefully the Dons, United, hearts and killie now keep their house in order and concentrate on the development of youth, which will allow for future profits on sale of these playing assets, which will allow for further investment. It can only be a good thing for the scottish game and improve the competitiveness of the league. Those arguing otherwise are being disingenuous or are embittered beyond belief. Post of the day Quote Link to comment Share on other sites More sharing options...
North East Loon Posted November 12, 2014 Share Posted November 12, 2014 As a scottish football fan this is fantastic news. As was the deal for killie and Dundee United. Repayments to debts, ran up by financial mismanagement, have been crippling and stifled any real advancement for the club's affected. Hopefully the Dons, United, hearts and killie now keep their house in order and concentrate on the development of youth, which will allow for future profits on sale of these playing assets, which will allow for further investment. It can only be a good thing for the scottish game and improve the competitiveness of the league. Those arguing otherwise are being disingenuous or are embittered beyond belief. Post of the day Quote Link to comment Share on other sites More sharing options...
phart Posted November 12, 2014 Share Posted November 12, 2014 One day you will get funny don't give up, trying clicking your heels harder before the next post. Quote Link to comment Share on other sites More sharing options...
Larky Masher Posted November 12, 2014 Share Posted November 12, 2014 Not clicking hard enough Dorothy. Quote Link to comment Share on other sites More sharing options...
Chief Posted November 12, 2014 Share Posted November 12, 2014 All of this is a bit like watching a spoilt teenager brag about being debt free after their parents have paid off their overdraft for them. Quote Link to comment Share on other sites More sharing options...
Maq Posted November 12, 2014 Share Posted November 12, 2014 All of this is a bit like watching a spoilt teenager brag about being debt free after their parents have paid off their overdraft for them. I wouldn't know, I don't hang about with spoilt teenagers Quote Link to comment Share on other sites More sharing options...
Scotty CTA Posted November 12, 2014 Share Posted November 12, 2014 All of this is a bit like watching a spoilt teenager brag about being debt free after their parents have paid off their overdraft for them. Nope... It's a legitimate multi-million pound investment. Quote Link to comment Share on other sites More sharing options...
Auchinyell Sox Change Posted November 13, 2014 Share Posted November 13, 2014 although milne has done very well for AFC, standing by the club ;fronting the debt etc for many years he was arguably heavily involved in AFC going into debt with the single source construction contract for RDS 20yrs back ; believe went 2 million into debt at that point further divvying up of land proposed for future training (that was story back in 80s/90s) gasworks - flats now the 'only' new stadium site at bellfield - kingswells ; dodgy then loriston appears when kingswells is rejected (there was a charleston option banded about also) point is pittodrie could have been redeveloped if correct planning ahead was dealt with when SM got involved Quote Link to comment Share on other sites More sharing options...
TartanJon Posted November 13, 2014 Share Posted November 13, 2014 Rangers loons are spewing Quote Link to comment Share on other sites More sharing options...
Larky Masher Posted November 13, 2014 Share Posted November 13, 2014 Nope... It's a legitimate multi-million pound investment. It not an investment it's a charity donations. Quote Link to comment Share on other sites More sharing options...
AberdeenAngus Posted November 13, 2014 Share Posted November 13, 2014 It not an investment it's a charity donations. So how come the club have 2 new shareholders with 10% each shareholding? I never been given shares for any of my charity donations. Keep up the comedy work though. Quote Link to comment Share on other sites More sharing options...
Larky Masher Posted November 13, 2014 Share Posted November 13, 2014 So how come the club have 2 new shareholders with 10% each shareholding? I never been given shares for any of my charity donations. Keep up the comedy work though. An Aberdeen share and the returns on that will be................ Quote Link to comment Share on other sites More sharing options...
Cove_Sheep Posted November 13, 2014 Share Posted November 13, 2014 The bitterness from the Sevconians is really amusing. Quote Link to comment Share on other sites More sharing options...
AberdeenAngus Posted November 13, 2014 Share Posted November 13, 2014 The bitterness from the Sevconians is really amusing. It is hilarious. You sink us and we'll sink you Quote Link to comment Share on other sites More sharing options...
ShedTA Posted November 13, 2014 Share Posted November 13, 2014 It not an investment it's a charity donations. to be fair to larky this is fair enpough. i cant really see how any private money ploughed into a scottish club at the moment is an investment. the only boy who actually grew his money appears to have been charlie green - that was an investment but a very extraordinary situation. and he only made it work because fans and institutions were stupid enough to buy the share issue. that still amazes me, how professional investors were suckered by green into paying cash for rangers shares. how they ever thought they would see a return is beyond me. makes me think half the people in business are pretty stupid. Quote Link to comment Share on other sites More sharing options...
Parklife Posted November 13, 2014 Share Posted November 13, 2014 It not an investment it's a charity donations. Undoubtedly it is mostly a donation, the monetary value of their shareholding will be very small and unlikely to ever give them a return. However, it's no different in that sense from the shares bought in share issues for the company which operates Rangers football club. Mostly donations from fans, who'll never see their money again. Only difference is that Aberdeen are now on an extremely sound footing both on and off the park, while your team lurches from disaster to disaster. So i can see why the Dons doing well is horrible for you. Quote Link to comment Share on other sites More sharing options...
Larky Masher Posted November 13, 2014 Share Posted November 13, 2014 to be fair to larky this is fair enpough. i cant really see how any private money ploughed into a scottish club at the moment is an investment. Thank you, nice to see someone else with an objective perspective. Quote Link to comment Share on other sites More sharing options...
thplinth Posted November 13, 2014 Share Posted November 13, 2014 (edited) Wow, AFC had net assets of just 14,000 quid at the end of 2012. http://www.afc.co.uk/downloads/annualreport2013.pdf Milne was forced to capitalize some of his debt into prefernce shares during 2013 just to stave off balance sheet insolvency. This is why he has done this again this year as the operating loss was pushing them back into the same situation. This will buy him plenty time to bring the loss down. 600k of interest expense has been eliminated as well so he should be getting close in 2014 (not seen any accounts for this year). Very similar looking balance sheet to RFC pre-implosion. Smart move by Milne, de-toxifies the balance sheet. Edited November 13, 2014 by thplinth Quote Link to comment Share on other sites More sharing options...
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