Official Nelmsy Campus Countdown

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Originally Posted by islaydarkblue

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.

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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?

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Originally Posted by islaydarkblue

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.

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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

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Originally Posted by Deeranged

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?

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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.

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Originally Posted by islaydarkblue

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.

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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?

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Originally Posted by Deeranged

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?

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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.

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Originally Posted by islaydarkblue

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.

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Is 8% to 12% insignificant then?

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Originally Posted by Deeranged

Is 8% to 12% insignificant then?

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It means that people and businesses borrowing funds from Soho Green with their asset secured against their loan are paying a high annual rate of interest for their loan. In addition to investors receiving between 8% and 12% Soho Green will likely be receiving a separate % rate of interest as a introducer fee and to cover their overheads plus profits.

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Originally Posted by Deeranged

Is 8% to 12% insignificant then?

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In my opinion 8% to 12% is good rate of interest to receive providing people and businesses borrowing the money do not default on their loans.
Then it becomes a nightmare if these high net worth individuals end up owning land or property due to loans not being repaid in full.

I thought the original purchase price of the Campy site was about ?1.2m, would that be about 8 years ago. Surely there would be some capital appreciation and the land isxworth more than they paid for it?

269.....this thing defo January?