I would have wanted to leave with a victory 😜
180 days, 8 hours and 3 mins.
Cove at home seems such a **** end for a wonderful old ground.
Nelms OUT.
I would have wanted to leave with a victory 😜
You want a statement from the silent men? Don't hold your breath.
It's pretty easy to work out - point blank refusal to spend money on Dens, rumours that they've bought it over, rumours that no money is to be spent on the pitch and rumours that we're sharing with other clubs next season. It all points to getting the hell out of there. Remember rumours are usually founded on a fact of some kind.
I do not understand why buying Dens Park from Sandeman Properties Limited and then selling it to a third party is going to finance the cost of the new stadium development at Campy Nou.
According to the recently published document on the £80 million new Aberdeen FC stadium development the new stadium development at Campy Nou is going to cost £144 million (September 2022).
If Dundee FC are kicked out of Dens Park and forced to ground share at McDiarmid Park or Tannadice it will cost FPS a lot more in lost revenue than the £84k they are currently paying to rent Dens Park this year.
According to the Sandeman Properties Limited annual accounts for the year ending 31st July 2021 Dens Park is valued at £1,500,000.
It is also stated that the outstanding due by the tenants of their property is £1,536,504 having fallen by £78k from the previous financial year ending 31st July 2020.
I think it’s blatantly obvious why those rumours are gaining credibility and I’m sure you do too. JN has been encouraged by D4L to come out and tell us all what is to be happening. If he chooses not to do so the rumours, doubt and suspicion will continue to grow. I’m pretty sure it’s true an offer was made for the Class A shares, why do you think he was keen to get his mits on them ?
All the Dee4Life members received an email on 9th January 2019 advising that FPS initially offered to purchase all the A shares for £8,000 subsequently increased to £10,000. FPS’s reasoning for offering such a derisory amount was that all the Dundee Football Club Limited shares held by Dee4Life Trust including all the Ordinary and A shares were valued in their annual accounts at a nominal price of £1.
FPS stated that De4Life was getting an excellent price which was 8,000 times the value of the A shares alone.
Fortunately the Dee4Life members were not as gullible as FPS thought they were and they overwhelmingly voted to reject this derisory offer from FPS.
As soon as I became a Co-opted director of Dee4Life I insisted that the true value of their shareholding in Dundee Football Club Limited including their A shares be listed in the notes to their Balance Sheet. The shares are now valued at 1.35p each which is the same price per share as FPS use for their ‘debt for equity’ share transactions.
From memory the current value of the Dee4Life share holding in Dundee Football Club Limited is around £554,000 with the A shares worth around £208,000 alone somewhat more that the derisory £8,000 increased to £10,000 offered by FPS.
Think we have all pretty much heard the rumours now Islay, if there wasn't at least some truth in them surely Nelms would say there's no truth in them.
To bulldoze Dens Park with no planning, sketchy funding and not a spade in the ground is playing fast and loose with the future of DFC
Dens Park needs Linda exsorsised, someone get the priest.