Aberdeen FC announce £1.1m profit as Dave Cormack pledges to keep transfer spending HIGH in masterplan

Dave Cormack insists Aberdeen will keep splashing the cash in the transfer market – to keep the club OUT of the red.

The Dons released their annual accounts which showed the Pittodrie club made a £1.1m profit. Turnover was also up by almost £2m to £15.77m while the wage bill rose to almost £12m. Cormack admitted the club’s strategy of investing heavily in transfer fees and wages means they would have had an operational loss of £6.27m – but high-profile sales have helped balance the books.

The Dons coined in £7.5m for the trading of big names such as Lewis Ferguson, Ross McCrorie, Calvin Ramsay and Scott McKenna and it’s allowed the club to put the cash back into the squad. Cormack is confident his side have several assets on the books that can allow the Reds to keep investing in the side – with more dosh on the way this season from the Europa Conference League. The chairman said: “To compete at the highest levels in Scottish football, and to qualify for Europe each season, we continue to invest more in player wages and transfer fees.

"This has led to annual operating losses which, over time, have to be balanced by positive player trading and increased commercial and football performance-related income. I’m pleased to report that we are making progress on balancing the significant additional investment in football wages and transfer fees, which leads to these operating losses, against positive income as a result of successful player trading.

“The club’s board and investors are committed to this strategy which has required a significant expansion of recruitment resources to unearth and invest in emerging talent such as Bojan Miovski, Duk and Leighton Clarkson. “This acquisition of emerging young players combined with