No need to post this request on TDB Forum. The matter has been explained. Let's move on.
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This morning the minutes of the Dee4life AGM held on Saturday 11th November 2023 plus the minutes of the Q and A held immediately after the end of the AGM were emailed to every Dee4life member.
Included in the Q and A section there is an admission by Norrie Price that it was his submission which Nelms took the hump about.
I trust that you will now post on the Dark Blues Forum that it was not Islaydarkblue’s submission which Nelms was furious about but in fact it was Norrie Price’s submission.
No need to post this request on TDB Forum. The matter has been explained. Let's move on.
Let me clarify what I was saying. Islay is not a welcome presence within the corridors of Dens Park and has been considered for many years to simply be a nuisance, a thorn in the club's side if you will and that his initial co-opting, and subsequent election, to the Dee4life board was a backward step which was seen by the club as an aggressive move by the Dee4Life board.
I pointed out that Islay has been a vociferous opponent to the proposed new stadium at Camperdown stating, very clearly and very loudly and on many occasions, that he would be submitting objections to the development. I don't think I specifically stated that Islay was the individual submitting feedback on that particular occasion but that it was highly likely to have been. It was very easy to come to that conclusion given Islay's previous awful behaviour toward the club.
Last night I was looking at old topics on the Dark Blues Forum from December/January 2023.
I came across one topic about the Directors of Dark Blue Property Holdings Limited borrowing money from the Isle of Man based financial company Soho Green paying interest rates of between 9% and 24% per annum.
One poster thought that Soho Green were lead company supplying finance for the new stadium development at Campy Nou with other companies providing other finance for the project. The Directors of Dark Blue Property Holdings Limited put up the 29.7 acres Cammy Nou site plus the entrance to the former NCR Camperdown factory as security for their loan.
Interestingly the Directors of Sandeman Properties Limited have since 3rd October 2023 borrowed money from Soho Green paying interest rates of between 11.40% and 24% per annum with the Dens Park Stadium put up as security for this loan.
I raised my concerns about the Directors of Sandeman Properties Limited (Tim Keyes and John Nelms) borrowing money from Soho Green at eye watering interest rates and putting up the Dens Park Stadium as security for their loan at the Q and A section of the recent Dee4life AGM.
If the loan is not repaid then Soho Green will own Dens Park and they would likely sell it to the highest bidder to cut their losses.
It was also mentioned during the Q and A section of the meeting that based on current interest rates and borrowing costs the annual rent that Dundee Football Club would have to pay to use the new stadium would be higher than their current annual turnover.