Half of new stadium cost from Pittodrie sale

Last updated : 22 August 2016 By Stand Free Ed

Aberdeen hope to net half the cash needed for a new stadium by selling the club’s current Pittodrie home.

The Dons revealed plans earlier this year to flit from their city centre base to a 40 million pounds development on a greenfield site eight miles away, near the outlying western suburb of Kingswells.

And the club hope to score big with the sale of Pittodrie - with the target of bagging up to 18 million pounds by putting the site on the market.

The money from the sale could potentially cover nearly half the costs of the new 20,000 seater stadium at Kingsford.

George Yule, vice chairman at Aberdeen FC, said: “We will explore all practical funding avenues to finance this important development for the club, AFC community Trust, the city and region.

“This will include realising value from the Pittodrie site via a sale for redevelopment, which we expect to be in the region of 18million pounds depending on the market at the time of the sale.

“The development of the funding package for this project is ongoing.”

Source: The Scotsman