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[jdfc]

Hi Grantzer.
Everything you have posted is correct.
Like you I am concerned that we will be in a worse position financially than we are at present paying an annual rent to Sandeman Properties Limited.
We might be playing in a new football stadium but we will still be responsible for all repairs and improvements to the stadium which we have to do at present under the terms of our lease agreement which I have previously read will finish in 2036.
At present we receive all the profits from Hospitality and the in house kiosks.
If the new stadium is built we will be negotiating a new rent with a company who are likely to have borrowed money and it will have to be paid back to their lenders plus interest charged.
There is no guarantee that we will receive all the profits from Matchday hospitality plus in house kiosks or even a percentage of the profits which means that the club will be responsible for raising their own income from season tickets matchday tickets and sponsorship income.
I remember reading that after the annual accounts for the year ending 31st May 2019 were announced FPS were going to transfer their Dundee Football Club Limited shareholding to Dark Blue Property Holdings Limited.
However to date that has not happened.

You talk about being responsible for repairs, surely the building would have a 10 years builders warranty