Aberdeen chairman Dave Cormack believes those associated with the club must stand by each other.
The Dons are one of many teams around the world feeling the brunt of an enforced football shutdown. They, like many, have no idea when they’ll next play their next game.
Hearts have already slashed their wage bill by 50% across the board in an attempt to save funds. Revenue streams for most are out of action due to the lack of matchday income.
43% of top flight clubs make up their revenue from matchday income alone, a huge dent to lose for an indefinite period. Aberdeen are no different as Cormack predicts potential hardship at Pittodrie.
“Three weeks ago we were in a healthy financial position; free of external debt, with £1.5million in the bank,” a club statement reads. “We had expected income of about £1million from four home league games and the Scottish Cup Semi-Final and, potentially, £5million in season ticket sales, seasonal hospitality and new shirt sales coming in through mid-July.
“Our monthly running costs are about £1.2million and it’s only prudent to assume there will be no football until July perhaps, at the earliest. During this period, we are facing £5million 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.”
Despite these staggering sums of money said to be lost, Cormack isn’t losing hope. He’s been encouraged by the initial response to these figures that were released earlier in the week, calling for unity in a time of crisis.
“I fully appreciate that our supporters have their own challenges at this time but, as the Chairman, it is incumbent on me to appeal to all our Dons fans, partners and sponsors to do what you can to support the Club at this critical time,” Cormack said.
“I’ve been heartened by the messages of support I have received from fans asking what they can do to help the Club through this really difficult period.
“I’m hugely encouraged by those still buying season tickets, renewing or subscribing to AberDNA and buying merchandise on-line. This underlines the amazing and loyal support we have from the Red Army.”