Official Nelmsy Campus Countdown

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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.

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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.