Quote Originally Posted by jdfc View Post
The club has no debt, the Yanks have it, and if they walk they take it with them bar £50k
The £4.1 million debt (£4.8 million at the end of May 2023):is listed in the Dundee Football Club Limited annual accounts.
If the Yanks walk away Dundee Football Cub Limited will still have the £4.8 million listed in their annual accounts for the year ending 31st May 2023.
Tim Keyes (FPS) will have to write off his loans via FPS and Dark Blue Property Holdings Limited given to Dundee Football Club Limited plus that added problem of who is going to repay the loan taken out by the latest directors of Sandeman Properties Limited (Tim Keyes and John Nelms) secured over Dens Park with Soho Green.
The interest rates payable to Soho Green payable for this loan is between 0.95% and 2% per month which equates to between 11.40% and 24% per annum plus the original amount of the loan.