My dancing shoes are on , this has to be the biggest meltdown I have seen in a long time die Dees die
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My dancing shoes are on , this has to be the biggest meltdown I have seen in a long time die Dees die
It has been well reported that Curtis Main was let go in the January 2025 transfer window to get him off the payroll but Tony Docherty never signed a suitable replacement.
In the Dundee Football Club Limited annual accounts for the year ending 31st May 2023 the wages and salaries were 106% of total income.
The loss for the year was ?2.8 million.
This is unsustainable especially if Tim Keyes decides to stop bankrolling Dundee FC which he might have already done hence the reason that Luke McCowan was sold for ?1 million, Max Anderson was transferred to Crawley Town for an undisclosed development fee.
Seb Lochhead and Alastair Graham have been sold to Wolves and Nottingham Forest respectively this season each reportedly for six figure sums.
Dundee Football Club Limited have received loans totalling ?4.8 million at 31st May 2023 from FPS and DBPHL which are being charged 1% because Dundee Football Club Limited have no overdraft facilities with their bankers as they have no assets they can put up a security for their overdraft.
If we get relegated at the end of this season I expect the current 14 members of the management and staff to be reduced.
Incidentally Tim Keyes was bankrolling Dundee Football Club Limited up to 31st May 2023 not John Nelms.
If you do not believe me then I suggest that you read Note 16 which in the last page of the annual accounts for the year ending 31st May 2023.
You are correct that you did not post that Nelms was bankrolling DFC.
However everything else in my post is fact especially the information about the wages and salaries in the Dundee Football Club annual accounts for the year ending 31st May 2023 being 106% of total income.
I have the information in black and white thanks to an ‘eagle eyed’ Dundee FC supporter noticing that the Dundee Football Club annual accounts for the year ending 31st May 2023 including their full financial accounts were published in error on the Club website on 8th April 2024.
This ‘eagle eyed’ Dundee FC supporter immediately downloaded the annual accounts into word and I was a member of a very select group of Dundee FC supporters who received a copy of these annual accounts.
The total income for the year ending 31st May 2023 when we were playing in the Championship was ?3.2 million. Wages and salaries for the year ending 31st May 2023 was ?3.4 million with the total expenditure being ?6.087 million resulting in an annual loss of ?2.8 million.
The corresponding figures for the year ending 31st 2022 when we were playing in the Premier League was total income ?4.9 million, wages and salaries ?3.6 million, total expenses ?5.9 million resulting in a loss of ?800k.
Unbelievably despite being relegated from the Premier League in 2022 to playing in the Championship the number of Dundee Football Club staff increased from 59 to 68.
Most senior professional football clubs cut costs and the number of staff they employ when they are relegated to a lower league due to lower income but not Dundee Football Club.
You better hope that Tim Keyes is still bankrolling Dundee Football Club Limited otherwise Admin 3 beckons and I doubt if the Dundee FC supporters have the stomach for yet another fundraising campaign to try to exit Administration.