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Aberdeen chairman Dave Cormack has revealed the club are facing £5 million in outgoings during Scottish football’s coronavirus shutdown with no expected income
Three weeks ago we were in a healthy financial position; free of external debt, with £1.5 million in the bank. We had expected income of about £1m from four home league games and the Scottish Cup semi-final and, potentially, £5m in season ticket sales, seasonal hospitality and new shirt sales coming in through mid-July. Our monthly running costs are about £1.2m and it’s only prudent to assume that, realistically, there will be no football until July perhaps, at the earliest.
During this period, we are therefore facing £5m in outgoings with no expected income. No matches are planned and we have no idea when a new season starts, never mind the current season ending, and it is highly unlikely there will be any player sales in the summer.
This situation is clearly unsustainable. No club, whatever their size, scale or level of investment, can withstand a total lack of income over a period of anything between three to six months.
https://www.eveningexpress.co.uk/fp/sport/football/aberdeen-fc/donsnews/aberdeen-chief-dave-cormack-says-club-is-facing-collapse-of-income-due-to-coronavirus-shutdown-which-will-be-impossible-to-sustain1/
