Gotta laugh

[BCram]

Wonder if DSA, 1893 Foundation, OLG and Dee4Life could get a fund going?

[islaydarkblue]

Wonder if DSA, 1893 Foundation, OLG and Dee4Life could get a fund going?

Is that a fund to buy back Dens Park or a fund to raise £30-£40 million.
The Dundee supporters should be setting up a ‘rainy day’ fund in case Tim Keyes decides to pull the plug and walk away.
In my opinion the 1893 Foundation would have been an ideal fund raising vehicle for a ‘rainy day’ fund instead of money donated to the 1893 Foundation pouring into the Dundee FC bank account with no control over how it is spent.

[Deeranged]

Is that a fund to buy back Dens Park or a fund to raise £30-£40 million.
The Dundee supporters should be setting up a ‘rainy day’ fund in case Tim Keyes decides to pull the plug and walk away.
In my opinion the 1893 Foundation would have been an ideal fund raising vehicle for a ‘rainy day’ fund instead of money donated to the 1893 Foundation pouring into the Dundee FC bank account with no control over how it is spent.

A scheme to do both what the 1893 Foundation does and to raise money to buy back Dens was rejected out of hand by John Nelms. Had he accepted the fans (Dee4L) he would have still had his free money and the fans would have been sitting on nearly enough cash to achieve that target by now assuming the projections had come to fruition. The initial buy into the 1893vfoundation suggests this would have happened.

The reason, in my opinion, that the scheme was rejected was that John Nelms would not have had full control of the income and could never have taken full control of the scheme. He believes that any spare cash any Dundee fan has to spend on football should go directly into club funds for his use without question or challenge.

The reasons I personally never bought into the 1893 Foundation are that, although set up by fans with good intentions, it's absolutely what John Nelms wanted and was always likely to be grabbed by him; I also believe it simply pays his wages. The money Dundee fans have given to Nelms without question or knowledge of how it would be used, in return for a cheap badge and scarf, could have been much better used by a Dens buy back fund.

[deecom]

my sentiments are similar to RROS, project is getting larger and DUNDEE FC dont seem to be a priority.
i do not trust the yanks, i remember at the Gardyne meeting, the majority were asking , what do the yanks get out off it , now we know.
They have renaged on buying back Dens Park, and with the amount of money wasted by the yanks, this could have been achieved years ago.
Its been one forward and two back all the time they have been there, now we are relegated again, and we are expected to renew our season tickets at the same price to watchthe likes of Cove rangers and Hamilton, whilst Dens is crumbling,
ffs they cant even keep the seats clean!

[islaydarkblue]

A scheme to do both what the 1893 Foundation does and to raise money to buy back Dens was rejected out of hand by John Nelms. Had he accepted the fans (Dee4L) he would have still had his free money and the fans would have been sitting on nearly enough cash to achieve that target by now assuming the projections had come to fruition. The initial buy into the 1893vfoundation suggests this would have happened.

The reason, in my opinion, that the scheme was rejected was that John Nelms would not have had full control of the income and could never have taken full control of the scheme. He believes that any spare cash any Dundee fan has to spend on football should go directly into club funds for his use without question or challenge.

The reasons I personally never bought into the 1893 Foundation are that, although set up by fans with good intentions, it's absolutely what John Nelms wanted and was always likely to be grabbed by him; I also believe it simply pays his wages. The money Dundee fans have given to Nelms without question or knowledge of how it would be used, in return for a cheap badge and scarf, could have been much better used by a Dens buy back fund.

I enclose the minutes of the Dee4Life board of directors meeting held on 9th July 2020 with Item 2 Secretary’s Report being of particular interest. https://www.dee4life.com/files/15986...te09.07.20.pdf
You will read that the original plan for the 1893 Foundation was for it to be called Dundee FC Foundation operating the fund through the GoCardless account linked to a standalone page on the Dee4Life Trust website.
The minutes further state that agreement was being sought from the club which did not happen.
John Nelms kept the scheme for the club, it was renamed the 1893 Foundation and the club used the GoCardless scheme which the Dee4Life Trust had been using for members paying their annual membership fee since November 2017.