Aberdeen shareholder calls for urgent investment
Jim Cummings, the largest individual shareholder at Scottish Premier League side Aberdeen FC, has called for urgent action by the board to generate new funding for the club and stop them ‘sliding into oblivion’
Former director Cummings, who has a 13% stake in the club, said "It is imperative we raise new funding to offset the financial black hole caused mainly by falling gates and the demise of Setanta.
"We must give Mark McGhee the resources he needs to help revive the team".
Throughout the season attendances dropped at the Pittodrie as it became evident that Aberdeen would finish in the bottom half of the Scottish Premier League.
Speaking of his concern for his own investment Cummings added "For my part I'm very worried about my investment in Aberdeen as I just cannot see where the club is going. There seems to be no vision, ambition or enthusiasm.”
Cummings who resigned from the board in 2003 believes it is down to the directors to take the club forward. "The Aberdeen directors have to lead the way. We now have a board of eight men, and we have to ask them to step up to the mark,"
"Some members have little or no financial investment in the club and that's just not good enough, particularly at a time when we desperately need new funding to support the manager and to stop the slide into oblivion.”
Cummings solution is to issue new shares in the Dons enabling the fans to invest and the club to generate new funding from a wider base.
“Aberdeen Football Club is an institution and belongs to the people of the North East and Dons fans everywhere."