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[grantzer]

Are you suggesting Islay that it’s The Club who are building the new stadium ? Think this is quite important as it’s being widely reported that they are. Last week at the clubs press conference to unveil the manager when JN came to answering questions re stadium funding and planning permission it was we this, we that, surely he is talking at times like that as the football clubs MD. I’d be right in saying it’s a third party who are building the stadium and the intention is for the club to rent it ?

My understanding of it is nelms and keyes are building a stadium through a company they own,and the football club will rent from them.

This is a major worry for me, they will be negotiating the rent amount,and lease duration with themselves. Other conditions could also be imposed,like the club is renting a stadium but not any concession stands,we are likely to be charged for parking,and again who is charging us,the club or the other company?

Of course,they could be building a stadium and donating it to the club, but keeping all the other stuff for themselves although you would wonder what is in it for the mystery backers who are providing the other hundred mil....

[islaydarkblue]

My understanding of it is nelms and keyes are building a stadium through a company they own,and the football club will rent from them.

This is a major worry for me, they will be negotiating the rent amount,and lease duration with themselves. Other conditions could also be imposed,like the club is renting a stadium but not any concession stands,we are likely to be charged for parking,and again who is charging us,the club or the other company?

Of course,they could be building a stadium and donating it to the club, but keeping all the other stuff for themselves although you would wonder what is in it for the mystery backers who are providing the other hundred mil....

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.