Official Nelmsy Campus Countdown

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Originally Posted by ABERFELDYDEE

It’s gonna happen at some point
Not good news for buster and his wee squad of haters
Let’s wait and see and Ross can argue the toss from the golf club as we watch Dundee fc at the new stadium
MTD

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You should be asking yourself why the directors of Dark Blue Property Holdings Limited borrowed funds from the Isle of Man based financial company Soho Green on 24th November 2022 putting up the 29.7 acres Campy Nou site plus the former entrance to the NCR Camperdown factory as security for their loan.

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Originally Posted by ABERFELDYDEE

Jeezo
The text has landed
Someone rattled

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'The text has landed'?

OK.

Nelmsy's statement just before Christmas of planning application imminent has now, according to Today's Courier, gone to planning permission in principle application is expected to be submitted this month.

Imminent to expected - definite to possibly in the space of a fortnight. What next?

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Originally Posted by islaydarkblue

You should be asking yourself why the directors of Dark Blue Property Holdings Limited borrowed funds from the Isle of Man based financial company Soho Green on 24th November 2022 putting up the 29.7 acres Campy Nou site plus the former entrance to the NCR Camperdown factory as security for their loan.

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So you keep saying.

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Originally Posted by BCram

Is there no alternative attitude that could be constructive? For as long as this project has been promoted there has been almost 100% posts that say this isn't going to happen. What about trying to bring in new investors? What about ground sharing at Dens and redevelopment at Dens?

There must be guys who are Dees who know about project management and finance for projects like this? For example a repayable 25 year mortgage for £40m might cost £3m a year. What kind of additional activities relating to a football pitch could generate the additional income to pay back thr mortgage. As a guide £3m could be generated by an additional 10k of fans paying £300 for their ST. It seem unlikely unless the team actually plays in Europe on a regular basis. Maybe it isn't a pipedream?

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Dens could never be made into a modern football stadium, that could generate money from other sources apart from football.

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Originally Posted by BP33

Dens could never be made into a modern football stadium, that could generate money from other sources apart from football.

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I think you might be right. In the beginning the idea was a Crematorium with funeral teas being supplied in the hospitality facility linked to the stadium. Don't think that model will work, but I may be wrong.
Interesting to look at the figures provided by Geoff Brown to explain his issues when trying to sell McDairmid. Ground close to the A9 was sold for £1m per acre. McDairmid has 22 acres. How do you value St J. Break it up and redevelop as housing etc gives one end of the scale based on change of use. Keep it as a football ground might give the other, lower end of the scale for a value.
Just thinking that maybe a new football stadium isn't an obvious route to financial stability.

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Originally Posted by BCram

I think you might be right. In the beginning the idea was a Crematorium with funeral teas being supplied in the hospitality facility linked to the stadium. Don't think that model will work, but I may be wrong.
Interesting to look at the figures provided by Geoff Brown to explain his issues when trying to sell McDairmid. Ground close to the A9 was sold for £1m per acre. McDairmid has 22 acres. How do you value St J. Break it up and redevelop as housing etc gives one end of the scale based on change of use. Keep it as a football ground might give the other, lower end of the scale for a value.
Just thinking that maybe a new football stadium isn't an obvious route to financial stability.

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One of the reasons I want the new stadium is it would improve the club imo and would shut down what is probably the sensible financial idea,ground share.

Nelms gets it tight on here and he brings a lot on himself but we shud also remember what FPS have done for the club in the last 10 years.
You can't compare them to
Cook
Dixon
Marr
Melville
The main reason being stability which we have for the first time since gellaty,altho bill Colvin was very good for the club also.

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[QUOTE=eric_sinclair;40422111]One of the reasons I want the new stadium is it would improve the club imo and would shut down what is probably the sensible financial idea,ground share.

Nelms gets it tight on here and he brings a lot on himself but we shud also remember what FPS have done for the club in the last 10 years.
You can't compare them to
Cook
Dixon
Marr
Melville
The main reason being stability which we have for the first time since gellaty,altho bill Colvin was very good for the club also.[/QUOTE
It is Tim Keyes who is bankrolling Dundee FC albeit converting the debt to shares resulting in FPS owning 75% of the insured share capital.
It will be interesting to see what happens in May 2024 when the five year limit for not increasing the share capital of Dundee Football Club Limited runs out.
I expect the authorised share capital to rise from £4 million to £8 million which will allow FPS to convert their mounting accumulated losses into shares.

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Originally Posted by BCram

I think you might be right. In the beginning the idea was a Crematorium with funeral teas being supplied in the hospitality facility linked to the stadium. Don't think that model will work, but I may be wrong.
Interesting to look at the figures provided by Geoff Brown to explain his issues when trying to sell McDairmid. Ground close to the A9 was sold for £1m per acre. McDairmid has 22 acres. How do you value St J. Break it up and redevelop as housing etc gives one end of the scale based on change of use. Keep it as a football ground might give the other, lower end of the scale for a value.
Just thinking that maybe a new football stadium isn't an obvious route to financial stability.

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St Johnstone were very fortunate that a retired farmer Bruce McDiarmid who had made a fortune selling land for the Western by pass of Perth donated the land for McDiarmid Park free of charge providing the stadium was called McDiarmid Park.