Official Nelmsy Campus Countdown

[Deebunked]

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

I wasnt at the treaty of Versailles either but know what happened 🤷*♂️

Why dont you go check with dee4life who put the club in ridiculous rent situation then come back and tell us the answer? In the meantime be assured it wasn't who you said it was.

[BCram]

I wasnt at the treaty of Versailles either but know what happened 🤷*♂️

Why dont you go check with dee4life who put the club in ridiculous rent situation then come back and tell us the answer? In the meantime be assured it wasn't who you said it was.

Thank you for your sensible suggestion. I will do that.

[islaydarkblue]

I wasnt at the treaty of Versailles either but know what happened ��*♂️

Why dont you go check with dee4life who put the club in ridiculous rent situation then come back and tell us the answer? In the meantime be assured it wasn't who you said it was.

If you are speaking about the Chairman of Dee4life moving the goalposts to protect Dee4life then this is ‘old news’ as it has previously been discussed on the forums

[BCram]

If you are speaking about the Chairman of Dee4life moving the goalposts to protect Dee4life then this is ‘old news’ as it has previously been discussed on the forums

Islay, I don't think you will get an answer from Deebunked. I did wonder if Deebunked was part of the decision process.

[Deebunked]

Islay, I don't think you will get an answer from Deebunked. I did wonder if Deebunked was part of the decision process.

You already asked that and I said no, I wasn't

[Deebunked]

If you are speaking about the Chairman of Dee4life moving the goalposts to protect Dee4life then this is ‘old news’ as it has previously been discussed on the forums

If you know that that dee4life through their chairman was responsible for the stupid rental agreement why did you keep insisting it was Bob Brannan etc?

[islaydarkblue]

If you know that that dee4life through their chairman was responsible for the stupid rental agreement why did you keep insisting it was Bob Brannan etc?

Bob Brannan was the Dundee FC chairman when John Bennett purchased the title deeds of Dens Park from Lloyds Banking Group for five hundred thousand pounds in 2009 a year before Admin 2 with the rental period and rent agreed.
After the end of Admin 2 Dee4life had the majority shareholding in Dundee Football Club Limited and their chairman agreed the new terms of the rental agreement with John Bennett of Sandeman Properties Limited with the annual rent starting at a low level and increasing in amount every year.
The annual rent payable to Sandeman Properties Limited was not published in the Dundee Football Club Limited annual accounts until the rules changed on 1st June 2015.
After then the annual rent paid each year, the total rent payable for the next five years and until the end of the lease is now published in the Dundee Football Club Limited annual accounts.

[islaydarkblue]

If you know that that dee4life through their chairman was responsible for the stupid rental agreement why did you keep insisting it was Bob Brannan etc?

You should be more concerned about the Directors of Dark Blue Property Holdings Limited which is the holding company for Sandeman Properties Limited since 3rd October 2023 borrowing funds from SohoGreen with the Dens Park Stadium being put up as security for their loan.
You do not have to be Einstein to work out what will happen if the loan secured over Dens Park is not repaid in full.

[Dens Park Dynamo]

You should be more concerned about the Directors of Dark Blue Property Holdings Limited which is the holding company for Sandeman Properties Limited since 3rd October 2023 borrowing funds from SohoGreen with the Dens Park Stadium being put up as security for their loan.
You do not have to be Einstein to work out what will happen if the loan secured over Dens Park is not repaid in full.

You have mentioned this re the loan from Soho Green and Dens being put up as security for the loan a good few times now Islay.

Do you genuinely think the loan will not be repaid in full? If so what is giving you those doubts.

[islaydarkblue]

You have mentioned this re the loan from Soho Green and Dens being put up as security for the loan a good few times now Islay.

Do you genuinely think the loan will not be repaid in full? If so what is giving you those doubts.

The Dark Blue Property Holdings Limited took out a loan from Soho Green on 24th November 2022 secured over the 29.7 acres site of the new stadium development at the former NCR Camperdown playing fields paying an annual interest rate of between 9% and 24% per annum.
This was 2 months after John Nelms stated that the new stadium development was fully funded and if they needed any extra funds they could easily get the funds from the City of London.
Last week the loan secured against the Campy Nou has not been repaid.
My big concern is that the loan from Soho Green secured against Dens Park Stadium will not be repaid resulting in Soho Green selling Dens Park to the highest bidder.
This could result in Dundee Football Club being kicked out of Dens Park and having to ground share at Tannadice which will eventually result in a merger with the Dabs.
I enclose the Filing History of Dark Blue Property Holdings Limited for your reference. https://find-and-update.company-info...filing-history

[Deeranged]

The Dark Blue Property Holdings Limited took out a loan from Soho Green on 24th November 2022 secured over the 29.7 acres site of the new stadium development at the former NCR Camperdown playing fields paying an annual interest rate of between 9% and 24% per annum.

You're like a stuck record.

You have a concern but nothing to back it up. Maybe just back off this for a bit and give us all a rest from it?

[Deebunked]

Bob Brannan was the Dundee FC chairman when John Bennett purchased the title deeds of Dens Park from Lloyds Banking Group for five hundred thousand pounds in 2009 a year before Admin 2 with the rental period and rent agreed.
After the end of Admin 2 Dee4life had the majority shareholding in Dundee Football Club Limited and their chairman agreed the new terms of the rental agreement with John Bennett of Sandeman Properties Limited with the annual rent starting at a low level and increasing in amount every year.
The annual rent payable to Sandeman Properties Limited was not published in the Dundee Football Club Limited annual accounts until the rules changed on 1st June 2015.
After then the annual rent paid each year, the total rent payable for the next five years and until the end of the lease is now published in the Dundee Football Club Limited annual accounts.

I'll put it simply, for the simple.

The original rent was highly beneficial and non-onerous towards Dundee FC.

Dee4Life renegotiated into a higher and increasingly higher level for their benefit, to the detriment of Dundee FC - and because the person who did it hadn't any clue what they were doing.

In this case nobody was to blame for the ridiculous rent than the people who negotiated it and yet you keep referring back to Bob Brannans time.

You can pour in as many directions as you like but this one was down to dee4life

[islaydarkblue]

You're like a stuck record.

You have a concern but nothing to back it up. Maybe just back off this for a bit and give us all a rest from it?

You might change you tune if the loan is not repaid and Soho Green sell Dens Park to the highest bidder resulting in Dundee Football Club being homeless.

[Deeranged]

You might change you tune if the loan is not repaid and Soho Green sell Dens Park to the highest bidder resulting in Dundee Football Club being homeless.

Have you seen the way property and land prices are rising? Why would Soho Green sell an investment that's increasing in value year on year whilst also earning them significant income in the form of interest? The amount invested by them will be insignificant in their eyes and won't exactly be a burden to them - can't see their accountants chasing them to sell assets to remain solvent in the near future; can you?

[islaydarkblue]

Have you seen the way property and land prices are rising? Why would Soho Green sell an investment that's increasing in value year on year whilst also earning them significant income in the form of interest? The amount invested by them will be insignificant in their eyes and won't exactly be a burden to them - can't see their accountants chasing them to sell assets to remain solvent in the near future; can you?

I enclose details of the Soho Green website. https://sohogreen.co.uk/investor-information/
It states that high net worth investors could earn between 8% - 12% interest on their investment.
That is assuming that borrowers repaid their loan in full including all the interest due on their loan.
I cannot see high net worth investors being interested in holding Dens Park in their portfolio in lieu of them receiving between 8% and 12% on their investment.