Pittodrie Now Officially Up For Sale.

[MidWeekOnly]

The reason the sale was put back is AFC/Mine still don't own ALL the required land at Loriston. They have the majority of it but without the rest we can't even start. The person who does own it hates Milne and if we sign to sell before we have the land this person has us over a barrel.

[Ke1t]

The reason the sale was put back is AFC/Mine still don't own ALL the required land at Loriston. They have the majority of it but without the rest we can't even start. The person who does own it hates Milne and if we sign to sell before we have the land this person has us over a barrel.

 

Think I like this guy already.

[V for Vendetta]

Be cheaper if Milne just paid of the rest of the debt and resigned?

 

I like your thinking there.

 

Milne's up to something alright...my guess would be holding AFC to ransom...the longer it takes to get an offer the cheaper the property becomes...well that's how it works in every other walk of life.

 

I hope this backfires spectacularly on him...but I doubt it....a cu*t to the last

 

Erm. So if no one offers anything for the site how exactly is that Mile "holding AFC to ransom". Seriously, think about it.

 

 

Has the club actually officially put the stadium on the market? I mean have they involved a realtor or any other kind of professional property company in the mix?

 

Or is it simply a case of Milne's door (always) being open should someone happen along with a spare 10 million quid or whatever?

 

I'm guessing it's the latter because that's how the club has always previously conducted itself under Milne.

 

Fck knows but I think they club have marketed it as a development site with planning in place. I think for once the problem might not be marketing but rather that simply no one is interested. Its not exaclty a prime development site.

 

I'd assume there are no acceptable bids OR SMG is the only acceptable bid so they are giving more time for others to bid.

 

Given that some people believe Milne is only involved with the club to satisfy some crazy land grab scheme you'd think maybe it might occur that extending the timeline for bids potentially invites more competitors to get involved. If Milne was just in it for a cheap land grab he'd have closed the deal by now.

 

I suspect as a few folk have said there are no other acceptable bids and the club would actually prefer to at least give time for these to come in rather than quickly stitch up some sort of quick cheap sale for Milne. This reeks of a simple lack of interest from developers.

 

I'm not a big fan of Milne. I think as a football club chairman he is piss poor and thats undeniable. However I don't buy the nonsense conspiracy shite about wanting the land.

 

If people involved at Barr's believe the funding is in place thats perhaps the impression the club have given. After all you don't approach a contractor and give the impression you probably willnae but maybe might just scrape the money together.

 

Perhaps Milne has "promised" off the record to provide a minimum bid for the land as a contingency plan should there be a lack of interest. Might be reasonable to expect he might take that risk and going by previous MO he wouldn't go apeshit and offer 30m or anything he'd just say right whats the absolute minimum needed from the sale to allow the new stadium? Oh its 14m or something, right well if no one else does i'll pay that for it so we can proceed.

[RUL]

The reason the sale was put back is AFC/Mine still don't own ALL the required land at Loriston. They have the majority of it but without the rest we can't even start. The person who does own it hates Milne and if we sign to sell before we have the land this person has us over a barrel.

can't blame him

[gudge1903]

The reason the sale was put back is AFC/Mine still don't own ALL the required land at Loriston. They have the majority of it but without the rest we can't even start. The person who does own it hates Milne and if we sign to sell before we have the land this person has us over a barrel.

 

 

just reading between the lines and trying to think of a positive side to sale being delayed and came up with - i know the site is being sold with planning permission for around 170 townhouses and 30 apartments (sure someone will know exact number), 200 x 200 grand average = 40 million.

 

anyway, what if whoever has bid or enquired doesnt want to build houses? maybe the delay is to see if the future owner will get permission for what they want to create on the site? just an idea.

 

first post on here but some may know me from afc mad.

 

 

edit again, just semi checked numbers, its 350 homes, cant find the houses to apartments ratio, so will speculate its 300 3 - 4 bedroom townhouses giving an average of 300 grand a pop, and 50 apartments at aberdeens average of 130 grand a pop.

 

means 96.5 million at the top end, and with interest due to the site not being available for 18 months and possible 24 months still to complete could see the top end nearer 110 million.

 

milne better not undercut us, and if it is him thats buying and constructing he could at least wipe out the debt we owe him and possibly the rest of the board and bank.

[RUL]

I thought it was smg that were building houses near the new site?

[Stoney]

No chance that we dont own all the land at lorieston yet, they wouldnt have put the stadium up for sale unless they were certain we could move.

 

Plus the sites already been pegged out, in order for us to do that we would have been tresspassing on someones land.

 

Not believing this for one second.

[Dynamo]

No chance that we dont own all the land at lorieston yet, they wouldnt have put the stadium up for sale unless they were certain we could move.

 

Plus the sites already been pegged out, in order for us to do that we would have been tresspassing on someones land.

 

Not believing this for one second.

 

 

Me neither.

 

The club would have said too.

[V for Vendetta]

The reason the sale was put back is AFC/Mine still don't own ALL the required land at Loriston. They have the majority of it but without the rest we can't even start. The person who does own it hates Milne and if we sign to sell before we have the land this person has us over a barrel.

 

MWO, If true this is a HUGE story. Anything to back it up? Source?

[Dynamo]

Surely, SURELY, the club would have all the land before putting Pittodrie on the market.

[Stoney]

Aye huge that they drew up a whole set of plans, built the model and released all the plans to the press without checking they could get the land first. Spending 1000's getting to this stage all for nothing

 

If this story is true and evidence was found i would expect this to be raised at the AGM

[Aberdeen_Fan]

Its just a shame its most likely milne will get it

[Jazzer_Bett]

I thought it was smg that were building houses near the new site?

 

Yeah - 3400 no. although not exactly sure if its SMG per say. When you look at the stadium masterplan the entrance is mysterious pathway to nothing is actually adressing the direction of that new settlement.

 

3400 houses of a new generation of Dons families - clever stuff. Thats some forward thinking that normally isn't apparant with AFC.....

[Dandyesque]

In the P&J today that they had "interested parties" but that they wanted more time to prepare a bid - not unheard of.

 

---

 

Some are insinuating that this is a bad time to buy land for building houses - and it is. However, national companies are far more likely to look at the land, being in Aberdeen, as a far "safer bet" than land elsewhere in the country, given the high house prices and the fact the city has been (relatively) untouched by recession.

 

I would expect there are several companies very interested in the land.

[V for Vendetta]

Well you'd expect interest at the right price.

 

National housebuilders might not be able to much such a quick profit as before but at the end of the day their business is to build and sell houses. They can't very well decide to not bother building anything for 4 years while the economy improves - they would cease to exist as a business.

 

So they are all still looking to buy and build - just the price has to be right so they can still make a profit.

 

And while the housing market has slowed down I'm not aware of any massive drop in the value of property across the country.

[fatshaft]

Well you'd expect interest at the right price.

 

National housebuilders might not be able to much such a quick profit as before but at the end of the day their business is to build and sell houses. They can't very well decide to not bother building anything for 4 years while the economy improves - they would cease to exist as a business.

 

So they are all still looking to buy and build - just the price has to be right so they can still make a profit.

 

And while the housing market has slowed down I'm not aware of any massive drop in the value of property across the country.

Fit? I mean FIT? There's been no massive drop in Aberdeen, but across the country? Far the hell have you been for the last three years?

 

In some places drops were as high as 50%, anyone getting away with 20% was very very lucky. I lost

[Dandyesque]

Well you'd expect interest at the right price.

 

National housebuilders might not be able to much such a quick profit as before but at the end of the day their business is to build and sell houses. They can't very well decide to not bother building anything for 4 years while the economy improves - they would cease to exist as a business.

 

So they are all still looking to buy and build - just the price has to be right so they can still make a profit.

 

And while the housing market has slowed down I'm not aware of any massive drop in the value of property across the country.

 

This is the key point.

 

Housebuilders will be looking for deals and schemes that will be likely to make a good return.

 

Aberdeen offers such returns, even in the current ecomonic climate.

 

Unfortunately, the climate means that noone's going to come in offering

[MidWeekOnly]

MWO, If true this is a HUGE story. Anything to back it up? Source?

 

Don't know if its possible to check the land registery, but my source has been telling me this for months? Pretty sure I posted somewhere else that AFC/SMG did not yet own all of the land several months ago. If what I'm told is correct Milne opened the negotiations for the land at such a low offer the owner got up and walked out, their two valuations were £millions apart, the following negotiation the owner just took the piss.

 

I really don't understand why we've spunked so much money on feasability studies and planning permission without either owning or having agreed purchase values in place for the land. I 100% believe the above to be true.

[Stoney]

Surely this needs to be challenged at the AGM Then?

[Redstar]

Don't know if its possible to check the land registery, but my source has been telling me this for months? Pretty sure I posted somewhere else that AFC/SMG did not yet own all of the land several months ago. If what I'm told is correct Milne opened the negotiations for the land at such a low offer the owner got up and walked out, their two valuations were

[vanderark14]

Why is this no great surprise?...I'm amazed Milne hasn't done time for swindling the old and infirm, he's as slippery as cum off a gold tooth (anyone who's been to the former Soviet will know what I mean)

 

Good on the owner of the land for getting up and walking out...

 

if its true what MWO has said then I'd like to think Milne was going in with a low INITIAL offer as that would be better for AFC. Thats how negotiations work, you don't go in and play all your cards at once.

[Redstar]

if its true what MWO has said then I'd like to think Milne was going in with a low INITIAL offer as that would be better for AFC. Thats how negotiations work, you don't go in and play all your cards at once.

Agreed but there's low and there's insulting...looks like Milne's steamed in with the latter...once folk get insulted they can be cu*ts to deal with

[Stoney]

Sorry but there is no way AFC would have done this much work and not secured the land........

 

Having looked at all the information with regard to the site ect it would appear this is council land................But i may be wrong!

 

Surely this would not even have got the planning stage without making sure everything was in order!

[MidWeekOnly]

Why is this no great surprise?...I'm amazed Milne hasn't done time for swindling the old and infirm, he's as slippery as cum off a gold tooth (anyone who's been to the former Soviet will know what I mean)

 

Good on the owner of the land for getting up and walking out...

 

 

The owner isn't infirm, he's a successful businessman, not a two bit councillor like Milne is used to dealing with.

[MidWeekOnly]

Sorry but there is no way AFC would have done this much work and not secured the land........

 

Having looked at all the information with regard to the site ect it would appear this is council land................But i may be wrong!

 

Surely this would not even have got the planning stage without making sure everything was in order!

 

I completly agree with your first and third statements, havn't looked into the second. I would suggest that as long as the owner of the land permits or an agreement of the sale at say market value is in place then planning permission can be sought. The stumbling block may be the valuation of the two parties 'market valuation' and finding common ground.

[ollie1903]

Don't know if its possible to check the land registery, but my source has been telling me this for months? Pretty sure I posted somewhere else that AFC/SMG did not yet own all of the land several months ago. If what I'm told is correct Milne opened the negotiations for the land at such a low offer the owner got up and walked out, their two valuations were

[Stoney]

Theres a lot of information on the aberdeen city website about his

There was a statement that stuck out in all the mind numbing shite

 

Site selection

Loirston is the wrong location for a new stadium. The site selection report

shows no clear reason why Loirston is the preferred site - there are better

alternative sites for the stadium. The suggestions made are remaining at

and refurbishing/rebuilding Pittodrie, a site to the south of Loirston Loch, in

the city centre, at Kings Links, to the north of the City, at Cults, at

Bieldside, at Dyce, at Duffs Hill, at Portlethen, at Westhill)

Loirston has been chosen for financial reasons only, it is about making

money for developers

Very few people in the area want the stadium

AFC has not made a compelling case for a new stadium

The adopted local plan identifies Kings Links for a community stadium

SIAS Transport Feasibility Study reveals that Kings Links is a better

location in transport terms and the Environmental Appraisal (2009) also

demonstrates that that Kings Links is preferable

The proposal is radically different to that in the feasibility study in 2009

There is no legal difficulty in using Common Good land at Kings Links

AFC and Cove Rangers could share a stadium

Two stadia (i.e. Aberdeen FC and Cove Rangers FC) should not be built in

the same part of town.

[Redstar]

The owner isn't infirm, he's a successful businessman, not a two bit councillor like Milne is used to dealing with.

I wasn't implying the owner was infirm...just that when it comes to money Milne has no scruples or morales...I'm sure the guy with the land is switched on...as you say Milne will be fu*ked dealing with anyone smarter than he is....i.e. 99% of the business world

[K-9]

I don't know enough about it, but surely it's impossible to be granted planning permission for anything on ground you do not own

Land at Pittodrie been granted planning permissions and we haven't sold it yet.

[Scarface]

I don't know enough about it, but surely it's impossible to be granted planning permission for anything on ground you do not own

 

lol hardly!

 

MWO will be correct.