Dave Cormack has admitted that the new Kingsford Stadium is on the backburner for the time being until the club have got through the current COVID-19 crisis.
With the projection of losses over the next 12 months, any cash will be diverted from the new stadium to keep the club operational.
Cormack said: “We’ve got a stadium to build. Probably £8m has been lost that could have gone to the stadium. Thank heavens that I got another million from my friends.”
“We have to focus on a plan to get us through this.
“The stadium project is going to happen, but is it delayed by 1, 2 or 3 years? If you can tell me when crowds are back at Pittodrie, I’ll probably be able to provide a better estimate. The reality is that project is on the back burner because all of our efforts are on getting through this.”
Earlier this year Cormack said: “Aberdeen will survive, we will absolutely survive it, but what form it takes at the other end of this is outwith our control.
“It’s the smart thing for us to do, to move to Kingsford.
“In saying that, now all bets are off the table now with regards to timing until we get through this.
“If it costs us four, five, six or £10million to get through this as a club, that takes money from other things we might want to do, whether it be Kingsford or investments in the football operation.
“Our number one priority is surviving. Once we do that, we will take a deep breath, sleep on it and then give our perspective.”
Commercial Director, Rob Wicks said: “We are still firmly committed to the new stadium for all the reasons we have stated previously but we have to be realistic.
“The unexpected financial challenges that have been brought up as a result of the pandemic means we are going to have to look really carefully at our plans and assess that with the timing of the move.”