Shareholders back plans to re-register Aberdeen Football Club as private limited company

Aberdeen chairman Stewart Milne.
Aberdeen chairman Stewart Milne.

Shareholders have voted unanimously to back Aberdeen Football Club’s plan to re-register as a private limited company.

The vote was taken at the club’s EGM this afternoon and once the re-registration procedure is complete an additional £2million of investment will be triggered for the first phase of the plans at Kingsford. This will then draw the funding for this phase to a close

The Dons board say the change in status would facilitate investment by way of share subscription, allowing a proposed investment to proceed and increasing the club’s ability to attract further investment in the future.

Club chairman Stewart Milne said: “Re-registration will mean that we will have raised all the funding for the community sports hub, football academy and training facilities, which is set to open in Autumn this year.

“But, more importantly, we’ve paved the way for further investment in the future, which is critical to our ongoing success both on and off the pitch.

“Share subscription, along with other initiatives, will play a large part in fundraising for phase two – the new stadium, which is integral to our long-term ambition for the club and the region. It is the intention that both existing and new shareholders will be able to participate in the phase two share subscription.”