Quote Originally Posted by islaydarkblue View Post
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.