I think the floating charge means that repayment has to be made if the asset is sold. Don't think there is a term for the loan, but that might be an error on my part.
|
| + Visit Dundee FC Mad for Latest News, Transfer Gossip, Fixtures and Match Results |
Hall Of Fame
I think the floating charge means that repayment has to be made if the asset is sold. Don't think there is a term for the loan, but that might be an error on my part.
Hall Of Fame
It also states that the loan is secured against the 29.7 acres site at the former NCR Camperdown grounds plus the main entrance of the former NCR Camperdown factory.Originally Posted by BCram
Hall Of Fame
Genuine question. Would you DFC went burst, so you could say I told you so. Or would you rather be the new proposed stadium be a success?
Hall Of Fame
The 29.7 acres site site at the former NCR Camperdown grounds plus the main entrance of the former NCR Camperdown factory are owned by Dark Blue Property Holdings Limited who have nothing to do with Dundee Football Club Limited apart from having two common directors.
Now a question for you.
Why would the directors of Dark Blue Property Holdings Limited borrow £1,130,322 from an Isle of Man based financial company with the 29.7 acres site plus the former main entrance to the former NCR Camperdown factory secured against this loan when they planning to build a new stadium development on the site.
Hall Of Fame
I'll ask a question now.
Islay, have you ever taken out a secured loan loan or remortgaged a property in order to finance an improvement to that property thereby increasing the intrinsic value of that property?
I've no idea if that's the reason this loan has been taken out, and I still believe the 'new stadium' is a pipe dream, but it wouldn't be particularly unusual for this to happen would it?
Hall Of Fame
I increased my mortgage which was a repayment mortgage to add an extension to our house.
Hall Of Fame
I think it is strange to borrow funds at commercial ‘pay day’ lending rates which is secured on a site which is supposed to have planning permission for a new stadium development on it to be submitted to Dundee City Council by the end of this calendar year.
Like you I think that the new stadium is a pipe dream.
Hall Of Fame
You’d have to ask them.
Hall Of Fame
Not much chance of that happening as Nelms does answer emails and I am not in his close circle of friends.
Hall Of Fame
Genuine question. Would you rather DFC went burst, so you could say I told you so. Or would you rather be the new proposed stadium be a success?
Footymad Forums offer you the chance to interact and discuss all things football with fellow fans from around the world, and share your views on footballing issues from the latest, breaking transfer rumours to the state of the game at international level and everything in between.
Whether your team is battling it out for the Premier League title or struggling for League survival, there's a forum for you!
Gooners, Mackems, Tractor Boys - you're all welcome, please just remember to respect the opinions of others.
Click here for a full list of the hundreds of forums available to you
The forums are free to join, although you must play fair and abide by the rules explained here, otherwise your ability to post may be temporarily or permanently revoked.
So what are you waiting for? Register now and join the debate!
(these forums are not actively moderated, so if you wish to report any comment made by another member please report it.)
Posting Permissions
Reply With Quote