Stewart Milne Explained

Stewart Milne
Birth Place:Aberdeen, Scotland
Known For:Chairman of Aberdeen F.C. (1998 - 2019)

Stewart Milne CBE, DBA, DTech (born 23 July 1950)[1] is a Scottish businessman and former football club chairman, from Alford, Aberdeenshire.

Milne is a major shareholder in Aberdeen F.C., and joined the club's board of directors in 1994 to replace Dick Donald, subsequently becoming chairman in 1998. In November 2019, shortly after opening a new training facility on the western outskirts of the city, he announced that he would be stepping down as chairman.[2]

He has an honorary doctorate in business administration from Robert Gordon University (December 2000),[3] and an honorary doctorate of technology from Edinburgh Napier University (November 2007), and an honorary doctorate from Heriot-Watt University, in recognition of his outstanding entrepreneurial contribution to the housebuilding, construction and property development industry and to the Scottish economy, also for services to higher education in Scotland. He earned the 2005 Scottish Entrepreneur of the Year award. In the 2008 New Year Honours, he was awarded a CBE for services to the housebuilding industry in Scotland.[4]

Milne has most recently been appointed to the newly formed "Football Monitoring Board" at Aberdeen. This taskforce has been assembled outwith of any AGM, EGM nor was there any public knowledge of such group. Fellow members are Dave Cormack, Willie Garner and Steven Gunn.

Stewart Milne Group

Milne founded the Aberdeen-based Stewart Milne Construction Group, a housebuilding contractor, in 1975. He started off his business renovating bathrooms.

Stewart Milne Group sold its timber frame manufacturing subsidiary to Fife-based James Donaldson & Sons in 2021.[5] In April 2022, the group announced that the housebuilding business was up for sale.[6] In January 2024, the Scottish housebuilding business went into administration with the loss of 217 jobs,[7] due to "the slump in the oil-linked property market around Aberdeen and the firm's hesitance to buy land during Covid".[8] The group's English subsidiary,[9] Manchester-based Stewart Milne Homes North West England (Developments) Ltd, also went into administration, on 12 January 2023, with Homes England set to lose up to £9.2m as a result.[10] The group collapsed owing suppliers and subcontractors £153m.[11]

Notes and References

  1. Web site: Biographies — The Entrepreneurial Exchange.
  2. https://www.scotsman.com/sport/football/aberdeen-chairman-stewart-milne-to-step-down-as-club-may-look-to-stay-at-pittodrie-1-5051077/amp Aberdeen chairman Stewart Milne to step down as club may look to stay at Pittodrie
  3. Web site: Graduation December 2000. rgu.ac.uk. 2001. 12 July 2012. 2 November 2013. https://web.archive.org/web/20131102132312/http://www4.rgu.ac.uk/files/RGYouFeb2001.pdf. dead.
  4. Web site: 2011 . Award for one of Aberdeen College's most famous former students | Aberdeen City News | STV Local . dead . https://archive.today/20120711002213/http://local.stv.tv/aberdeen/news/18146-aberdeen-old-boy-stewart-milne-wins-aoc-gold-award/ . 11 July 2012 . 3 June 2011 . local.stv.tv.
  5. Web site: Findlay. Keith. 2021-12-16. Stewart Milne Group focused on housebuilding after sale of timber kit arm. 2021-12-20. Press and Journal. en-GB.
  6. News: Prior . Grant . Stewart Milne Group puts house builder up for sale . 21 April 2022 . Construction Enquirer . 21 April 2022.
  7. News: Paterson . Laura . 9 January 2024 . Fears grow for housebuilders after Stewart Milne Group enters administration . 9 January 2024 . The Standard.
  8. News: Gayne . Daniel . How and why Stewart Milne collapsed: analysing the numbers . 31 January 2024 . Building . 31 January 2024.
  9. News: Stewart Milne’s English construction business set to follow rest of firm into administration . 10 January 2024 . Building . 10 January 2024.
  10. News: Weinfass . Iain . Exclusive: Homes England owed £9.2m by collapsed Stewart Milne . 22 January 2024 . Construction News . 22 January 2024.
  11. News: Prior . Grant . Stewart Milne went down owing supply chain £153m . 23 February 2024 . Construction Enquirer . 22 February 2024.