Official Nelmsy Campus Countdown

[BCram]

What Dundee supporters? There was no minuted dee4life board decision to meet with John Bennett and agree an increase year after year on the rent unnecessarily.

In fact the ridiculous rent was agreed and no attempt was ever made to buy dens, isn't that closer to the fact of it?

Good questions. Goes right back to the time we were fan owned so surely there will be someone who knows how the arrangement with John Bennett was structured. Think the process of low initial rent with steps up annually until it gets to the level of a commercially competitive rent is well established. There should not be a problem provided the business who has signed the lease has the profitability to pay up. Think that might have been our downfall and getting FPS to take over was a good move, imo.

[islaydarkblue]

What Dundee supporters? There was no minuted dee4life board decision to meet with John Bennett and agree an increase year after year on the rent unnecessarily.

In fact the ridiculous rent was agreed and no attempt was ever made to buy dens, isn't that closer to the fact of it?

There was an agreement in place to pay an annual rent for Dens Park after John Bennett purchased the title deeds for Dens Park from Lloyds Bank Group in 2009 for Five hundred thousand pounds. The annual rent payable to John Bennett was agreed by the DFC Ltd board of directors at that time which included Bob Brannan and Calum Melville.
Lloyds Bank Group wrote off the remaining eight million, five hundred thousand pounds due to HBOS by Dundee Football Club Limited.

[islaydarkblue]

It has been well documented that FPS purchased a majority shareholding in Dundee Football Club Limited because we were debt free.
There was a simple explanation for this which any prospective purchaser would have easily discovered if they had done their homework.

[Deebunked]

There was an agreement in place to pay an annual rent for Dens Park after John Bennett purchased the title deeds for Dens Park from Lloyds Bank Group in 2009 for Five hundred thousand pounds. The annual rent payable to John Bennett was agreed by the DFC Ltd board of directors at that time which included Bob Brannan and Calum Melville.
Lloyds Bank Group wrote off the remaining eight million, five hundred thousand pounds due to HBOS by Dundee Football Club Limited.

That is correct and that rent was very reasonable.

How did the Club end up moving away from that reasonable rent and into an increasingly difficult year after year increase rental agreement?

[islaydarkblue]

That is correct and that rent was very reasonable.

How did the Club end up moving away from that reasonable rent and into an increasingly difficult year after year increase rental agreement?

You seem to be an expert on this subject.
What was the original annual rent.
How much did it increase each year.
When was the rental period due to end.

[BCram]

Think the rent appears as a liability in the accounts and it is reduced with each year of payment.

[Deebunked]

You seem to be an expert on this subject.
What was the original annual rent.
How much did it increase each year.
When was the rental period due to end.

Are you not prepared to answer how the rent increases came about? Is that because it doesn't fit the narrative you've given so far? Or do you just not know?

[islaydarkblue]

Are you not prepared to answer how the rent increases came about? Is that because it doesn't fit the narrative you've given so far? Or do you just not know?

As far as I am aware there was an agreed total sum of rent due to be paid over a substantial period time which might have been 20 years.
The rental payments were low at the beginning which them increasing in size every year until the rental payments ended after the end of the agreed period.
You would need to ask Bob Brannan who was the Dundee Football Club Limited Chairman in 2009 what the annual rental payments were, what was the agreed increase every year and when the rental agreement was due to end.

[Deebunked]

As far as I am aware there was an agreed total sum of rent due to be paid over a substantial period time which might have been 20 years.
The rental payments were low at the beginning which them increasing in size every year until the rental payments ended after the end of the agreed period.
You would need to ask Bob Brannan who was the Dundee Football Club Limited Chairman in 2009 what the annual rental payments were, what was the agreed increase every year and when the rental agreement was due to end.

No, you wouldn't.

You would need to ask Dee4Life as Bob Brannan etc did not arrange that.

[BCram]

Are you not prepared to answer how the rent increases came about? Is that because it doesn't fit the narrative you've given so far? Or do you just not know?

No, you wouldn't.

You would need to ask Dee4Life as Bob Brannan etc did not arrange that.

If you know Dee4life were responsible, is correct to assume that you were involved in the discussions?

[islaydarkblue]

No, you wouldn't.

You would need to ask Dee4Life as Bob Brannan etc did not arrange that.

Bob Brannan was the Chairman of Dundee Football Club Limited when the lease and rental agreement was agreed with John Bennett after John Bennett purchased the title deeds of Dens Park from Lloyds Banking Group in 2009 for five hundred thousand pounds.

[Deebunked]

Bob Brannan was the Chairman of Dundee Football Club Limited when the lease and rental agreement was agreed with John Bennett after John Bennett purchased the title deeds of Dens Park from Lloyds Banking Group in 2009 for five hundred thousand pounds.

That's correct. And that lease was very friendly to Dundee FC.

Subsequently it was renegotiated by Dee4Life. And then became the rent increasing lease you're complaining about today.

[Deebunked]

If you know Dee4life were responsible, is correct to assume that you were involved in the discussions?

That would be incorrect.

[BCram]

That would be incorrect.

No problem, I was hoping you might have been involved and been able to explain the situation.

[islaydarkblue]

That would be incorrect.

How do you know Dee4life were responsible if you were not involved in the discussions.