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Aberdeen - Interest Payments

Aberdeen has to pay out interest on loans taken out for various purposes.

The graph below shows that the club had been paying out an ever increasing amount to service its borrowings. This problem has been addressed by the major shareholders of the club (Stewart Milne and Aberdeen Asset Management) to lend the club more money, to provide guarantees to the banks and for the banks in turn to set the interest to be rolled up and not paid until 2011. This is why the figure dropped in 2007 and 2008.

This will allow the club to concentrate on the stated goal of finding a new ground.

 

 

 

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