There sems to be a fair mix of opinion on Milnes leadership and management of Aberdeen's affairs.  i thought it would be interesting after, not just a poor result today, but after what seems a poor spell in the transfer market and a run of questionable results.  This is not a knee jerk "Milne must go" rant, just an exercise in general opinion.

He doesn't really seem to do anything? Milne manages to get planning permition after panning permition for flats and houses all over the place but how long has this new stadium been in the pipeline for now?

apples & oranges

Haha. And I had the same teachers as you min! I know EXACTLY how shit they were. One word ... Monty.

SMH wouldn't be paying IHT.

 

Sorry, I was just thinking of SM, rather than SMH - hence the mention of an estate.

 

I also don't really believe this to be the rationale behind keeping the company in debt, but I know that before calculating IHT, you remove any outstanding debts, though I wasn't sure how this would work if you are a guaranteur, rather than the actual holder of the debt.

 

Incidentally, if he is guaranteeing the loans, but dies, what happens then? I assume this will be covered somewhere in the company's set up, but not sure where or how....

It's been over a decade since this thread was used.

 

And the evidence had been there for over a decade before that.

 

Milne is like the government.

 

Central and Local governments are filled with persons out to get what they can for themselves.

 

This is known as a conflict of interest.

 

Where they spend needless amounts of public money in order that it can be kicked back, Milne spends needless amounts of AFC public's money to keep the balance sheet and club from being an attractive investment proposition to others.

 

Politicians, and Milne, are liars. Yet the majority trust them, for some bizarre reason.

wiggy is a w@nker. the boy is one of richest men in britain with a few hundred mill in the bank and thats just his business money not his personal wealth, he's only hear to sell pittodrie and build homes on the land because it's worth a fortune, he's an arse

Didn't realise ten year old thread. This nonsense already covered.

I think he'll walk away one or two seasons into Kingsford. It'll be interesting to see if he accepts the money from the sale of Pittodrie that he is entitled to as part of his preference shareholding. Can't remember from the last accounts, but there's a fair whack due on sale to both SMG (or maybe Milne individually) and AAM as far as I recall.

I think he'll walk away one or two seasons into Kingsford. It'll be interesting to see if he accepts the money from the sale of Pittodrie that he is entitled to as part of his preference shareholding. Can't remember from the last accounts, but there's a fair whack due on sale to both SMG (or maybe Milne individually) and AAM as far as I recall.

 

There should be zero money due to anyone other than the club for the sale of our only asset. This is greed and corporate governance gone mad and it has always been his agenda... and we've been sitting watching it all unfold. We got the club we deserved.

 

Edit: And of course he'll walk after the new stadium. This has always been his plan. Why would he stay? He's not a fan. He deals in property and he will have maximised his income out of us, stealing OUR money actually, as well as stealing our history, serving up a quarter century of utter pish and losing us generations in the process.

 

It'll be interesting to see if he accepts the money from the sale of Pittodrie that he is entitled to as part of his preference shareholding. Can't remember from the last accounts, but there's a fair whack due on sale to both SMG (or maybe Milne individually) and AAM as far as I recall.

 

Not sure where you are getting that info from Rico?

 

According to the accounts all of the proceeds of the Pittodrie sale would need to be ploughed into a new stadium to avoid anything being owed back to the Bank of Scotland. 

 

Looks like the maximum due back on the redemption of the preference shares when that ever happens would be £2.25M.  Can't see anything in the accounts to suggest that that needs to happen whenever the Pittodrie site is sold?