I heard this news from a guy I know this afternoon, who is pals with Joe Lewis, he also claims that the stadium is not happening and that they want to keep Pittodrie and plan to redevelop it.
The stadium part sounds too good to be true, but it does appear that Cormack is going to be the main man with some sort of backers on board with him, one very rich one at that.
I think we are just going to have to embrace this and hope that it kick starts some sort of progress for the club on the football pitch as at the moment it is pretty pointless watching us as we have no ambition to progress beyond a third place finish at best and we know our current Chairman is happy with this, which makes you wonder what the point of our existince is now.
If it goes tits up at a later date then fair enough, but we need something to change and hopefully this will be it.