Milne/AAM Loan Revealed At AFC AGM

Last updated : 20 December 2011 By Stand Free Ed

Milne and his company SMG, along with majority shareholder Aberdeen Asset Management, made the interest-free £2.5m loan available in order to appease the bank and quash the very real threat of Aberdeen going into administration.

It was also revealed that Aberdeen are working with their SPL counterparts on possibly increasing the U19s Youth league to an U20 League, with home games being played at Pittodrie and overage players being allowed in some format.

The emotional subject of the sale of Pittodrie and relocation to Loirston Loch was briefly touched upon, with much of the finances still to be worked out following the deferral of the Pittodrie bids closing date.

However, Milne said he is confident in the success of the project. "We have some major challenges which we have to meet over the next couple of months, enabling us to start on site at the beginning of April. That is when we have to start if we are going to deliver for the start of season 2013/14."

He added: "I have a huge commitment to the football club. My company has a huge commitment to the football club. Hugh Little and Aberdeen Asset Management have a huge commitment.

"We are no different to the supporters out there. We have been concerned about the football performances this season so far. We understand the fans' frustrations.

"We believe we have a good squad here and they are capable of competing in the top half of the league. We have a good management team here.

"A combination of that and everyone working together will hopefully see an improved second half of the season and see the club finishing where the fans want us to".