Official Nelmsy Campus Countdown

[BP33]

I get that and seems to be what everyone in favour falls back on.......but point by point

Better facilities...... undoubtedly.......but do many care .......maybe sell more hospo......and a more pleasant experience but it wont draw in any more imho and it's never gonna be as pleasant as sitting on your own settee.

Hopefully better atmosphere........so that's a hope.......I think it possibly will be on game for game basis......but never as good as those classics at Dens......Cologne, Hibs, Dabs 87, Dumbarton.

Same part of ground.......this shud be done at Dens but remember folk winnae be happy if sun is in their eyes in winter ��

Safe standing......only really for early 20s to ****s.....so mibbe 500 folk max.

What I'm looking for BP is more from FPS on why this will benefit the football club, how it secured the future, what happens when they go, what guarantees their will be, how much if any of the added ons will help Dundee FC or is it the case if we are making/make money we will continue to subsidise.

There's so many question between relationship of football club to campus......and I'll never trust them fully given their record and petty way they have dealt with main fans group and refuse to accept their legal right.

No kink in any main stand is gonna cover that up.

They haven’t been perfect by any means, but they have provided stability to the Club.

[islaydarkblue]

They haven’t been perfect by any means, but they have provided stability to the Club.

Have you studied the latest set of Dundee Football Club Limited annual accounts for the year ending 31st May 2022. They are horrendous with the debts increasing and the Club incurring an annual loss nearly every season. From memory the latest set of annual accounts for the year ending 31st May 2022 showed a loss of £880k.

[Deeranged]

Have you studied the latest set of Dundee Football Club Limited annual accounts for the year ending 31st May 2022. They are horrendous with the debts increasing and the Club incurring an annual loss nearly every season. From memory the latest set of annual accounts for the year ending 31st May 2022 showed a loss of £880k.

There is an annual operating loss however is the loss not being covered by Keyes?

[islaydarkblue]

There is an annual operating loss however is the loss not being covered by Keyes?

That is a good question and unfortunately the Dundee Football Club Limited unlike the Dabs annual accounts are very basic and tell us very little.
The Dabs have an Annual General meeting for their shareholders every year but FPS will not hold an Annual General Meeting for the Dundee Football Club Limited shareholders.

[BP33]

Have you studied the latest set of Dundee Football Club Limited annual accounts for the year ending 31st May 2022. They are horrendous with the debts increasing and the Club incurring an annual loss nearly every season. From memory the latest set of annual accounts for the year ending 31st May 2022 showed a loss of £880k.

As you well know these losses are covered by FPS. The debts are obviously going to increase, if the fans, don’t come out and support the team. Also due to the lack of facilities at Dens, our commercial opportunities are limited.

[islaydarkblue]

As you well know these losses are covered by FPS. The debts are obviously going to increase, if the fans, don’t come out and support the team. Also due to the lack of facilities at Dens, our commercial opportunities are limited.

I would not be surprised to see a General meeting of Dundee Football Club Limited shareholders being called on or after 21st May 2024 to increase the authorised share capital from its current £4 million.
On 21st May 2019 a shareholders General meeting was held where is was agreed after a vote that the authorised share capital was increased from £2 million to £4 million. It was stated at this meeting that the authorised share capital would not increase for five years.
On 31st May 2019 FPS carried out a debt for equity share transaction swapping £550,000 of debt for shares and the £550,000 of debt was cancelled.
There have been no debt for equity share transactions since FPS acquired a 75% shareholding a couple of years ago but that might change if the authorised share capital is increased from £4 million to £8 million.
All these debt for equity share transactions has the effect of devaluing the shareholdings of every other Dundee Football Club Limited shareholder.