Official Nelmsy Campus Countdown

[Returnofrros]

This isnae meh question but how is a £95 million and a century long mortgage cheaper than 700 k a year.

Only 1 stab to answer this from BP.

Not my question but comes from someone who knows a wee bit.

Even paying zero interest it's 950k a year to pay back 95 mill

I'd be really impressed if no interest paid. 😆

Do you think he means it costs the football club 750k now but as the stadium won't be the football clubs there will be zero maintenance.

Confused DSC

[islaydarkblue]

Only 1 stab to answer this from BP.

Not my question but comes from someone who knows a wee bit.

Even paying zero interest it's 950k a year to pay back 95 mill

I'd be really impressed if no interest paid. ��

Do you think he means it costs the football club 750k now but as the stadium won't be the football clubs there will be zero maintenance.

Confused DSC

Considering Dark Blue Property Holdings Limited are paying between 9% and 24% interest on their current loan secured against their Camperdown development site it is very unlikely that they will be able to obtain a loan paying zero per cent interest for 100 years.
I think that Nelms has inflated the costs of running Dens Park to justify building a new stadium development at Camperdown the same way as he has greatly inflated the number of DSA members.
Technically speaking the DSA has 23 affiliated supporters clubs whilst Dee4life has 531 members.

[islaydarkblue]

Only 1 stab to answer this from BP.

Not my question but comes from someone who knows a wee bit.

Even paying zero interest it's 950k a year to pay back 95 mill

I'd be really impressed if no interest paid. 😆

Do you think he means it costs the football club 750k now but as the stadium won't be the football clubs there will be zero maintenance.

Confused DSC

Several years ago I seem to remember Nelms stating that he was going to take a back seat running Dundee Football Club and instead concentrate on his new stadium development at the Camperdown Leisure Park.
This must have been at one of his half yearly roll outs of his Lego box design of his new stadium development.