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  • #16
    [QUOTE=Deeranged;40823125]
    Originally posted by BCram View Post

    Islay has no idea about the financial side of the club. All he has is a reference to a Soho Green loan, the arrangements of which he is clueless, and snippets from the generally limited communications out of the club.

    Remember, Islay was a bank teller not a management accountant or business consultant. He doesn't do proper research either, he makes wild assumptions based on his skewed views and searches for evidence to back those assumptions.

    In all honesty, he's best ignored.
    Several months ago there was a mention in the Courier about the outstanding Soho Green loan with the site of the new stadium development at the former NCR Camperdown playing fields put up as security for their loan.
    In my opinion taking out this loan with Soho Green was a strange move considering Tim Keyes purchased the site of the new stadium development at the former NCR Camperdown playing fields on 8th July 2016 and Nelms stated in September 2022 that the cost of the new stadium development was fully funded.
    Not repaying the Soho Green loan could be Tim Keyes ‘get out of jail card’. The new stadium development at the NCR Camperdown playing fields is scrapped and the Soho Green investors on group 0004 are left holding the 29.7 acres site.
    My main concern is that Dark Blue Property Holdings Limited will not repay the Soho Green loan with the Dens Park Stadium put up as security for this loan resulting in the Soho Green investors in group 0015 left owning the Dens Park Stadium which they will sell to the highest bidder leaving Dundee Football Club homeless.
    Dee4life should be setting up a rainy day fund which all Dundee FC supporters should be contributing to in case the Soho Green loan is not repaid which would give the Dundee FC supporters an opportunity to purchase the Dens Park Stadium from Soho Green investors in group 0015.

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    • #17
      [QUOTE=islaydarkblue;40823208]
      Originally posted by Deeranged View Post
      Several months ago there was a mention in the Courier about the outstanding Soho Green loan with the site of the new stadium development at the former NCR Camperdown playing fields put up as security for their loan.
      In my opinion taking out this loan with Soho Green was a strange move considering Tim Keyes purchased the site of the new stadium development at the former NCR Camperdown playing fields on 8th July 2016 and Nelms stated in September 2022 that the cost of the new stadium development was fully funded.
      Not repaying the Soho Green loan could be Tim Keyes ‘get out of jail card’. The new stadium development at the NCR Camperdown playing fields is scrapped and the Soho Green investors on group 0004 are left holding the 29.7 acres site.
      My main concern is that Dark Blue Property Holdings Limited will not repay the Soho Green loan with the Dens Park Stadium put up as security for this loan resulting in the Soho Green investors in group 0015 left owning the Dens Park Stadium which they will sell to the highest bidder leaving Dundee Football Club homeless.
      Dee4life should be setting up a rainy day fund which all Dundee FC supporters should be contributing to in case the Soho Green loan is not repaid which would give the Dundee FC supporters an opportunity to purchase the Dens Park Stadium from Soho Green investors in group 0015.
      Thanks for proving my point.

      How much would Dee4Life need in this rainy day fund that you are proposing?

      Comment


      • #18
        [QUOTE=Deeranged;40823227]
        Originally posted by islaydarkblue View Post

        Thanks for proving my point.

        How much would Dee4Life need in this rainy day fund that you are proposing?
        Repaying loan secured on Dens. Not sure that repaying the loan would actually be the same as owning Dens. Agree with Eric Sinclair. Owners have delivered a lot of support by paying bills. Making points to help them to do better, seems to me to be OK.

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