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The National (Scotland)
The National (Scotland)
Sport
Ewan Paton

Dave Cormack secures further £8m investment in Aberdeen

Aberdeen have secured further significant investment from Dave Cormack and fellow director Tom Crotty.

The club has today revealed that a further £8m will be injected into carrying out improvement works to Cormack Park.

This will include the construction of a new full-sized indoor arena.

Alan Burrows, chief executive, said: “This latest injection of funding, approved at our last Annual General Meeting, takes the total investment from Dave, Tom and their colleagues to over £25 million in the last few years.

“We’re incredibly grateful to our investors for the new funds, which will provide a significant portion of the capital required for these improvements at Cormack Park and our stadium, while also being able to continue to invest in the squad and the football operation.

“Our training facility at Cormack Park is fantastic, and the addition of a full-sized, indoor arena and additional operational space will take it to a whole new level, opening new possibilities for our men’s, women’s, academy and community programmes.

“In addition, we have recently been able to more than double the investment in our scouting and talent ID department across the continent. This is only possible with the support we get from our investors and our fans through AberDNA memberships.”

Chairman Dave Cormack added: “We continue to make good progress towards achieving long-term financial sustainability of the Club with record season ticket sales, AberDNA memberships and markedly increased commercial and retail revenues.

“Combined with the additional funds generated, successful player trading is integral to this goal and remains a major factor in our recruitment. We have spent the last twelve months studying the market and refining our strategy in this area.

“This has complemented some of the squad planning work that we have undertaken, which in part has highlighted the need for adjustments in our own structures and the need for additional capital and operational investments if we are to continue to make progress and challenge ourselves to drive more success on and off the field.

“Together with our investors, I remain committed to driving Aberdeen FC forward and continuing to make our supporters and the region proud of its football club.”

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