Official Nelmsy Campus Countdown

[Returnofrros]

Scanning a few other sites and social media, there's still this belief that all the moneys from all the other things in and around the stadium development will be put into the football club.

I don't believe Nelmsy or any of his lackeys have ever said this.

Why is it assumed ?

[islaydarkblue]

Scanning a few other sites and social media, there's still this belief that all the moneys from all the other things in and around the stadium development will be put into the football club.

I don't believe Nelmsy or any of his lackeys have ever said this.

Why is it assumed ?

The people posting on DBF and other sites are living in dream world if they think that all the profits from the Crematorium and rent from the Hotel and Shops etc will be ploughed into Dundee Football Club.
It has previously been stated that Dundee Football Club will have a long term lease paying an annual rent plus they will be responsible for any repairs and improvements for the new stadium at Campy Nou which happens at present with their lease of Dens Park.
At the Dee4life AGM in November 2023 a member with expert knowledge in the field stated that a commercial rent of the new stadium at Campy Nou would cost more than Dundee Football Club’s annual turnover.
The profit from Crematorium plus rents from the Hotel, Shops and rental of the new stadium will be used to repay the loans to build the new stadium development plus annual interest assuming that the Directors of Dark Blue Properly Holdings Limited can obtain these loans.
Nelms stated in 2024 that the loan for the new stadium development at Campy Nou will be over a 100 year period.
This was a surprising statement considering Nelms had stated before the second Pre Application meeting in the Landmark Hotel in September 2022 that his new stadium development was fully funded but if there was a small shortfall he could easily get the funds from financial companies in the City of London.
Perhaps Nelms had previously got lessons from Donald Trump who changes his mind from one day to the next.
I reckon that if the Directors of Dark Blue Property Holdings Limited get planning permission for their new stadium development at Campy Nou they will try to sell it to another property company or hedge fund to try to recoup the cost of their original outlay plus the cost of repaying their loan from Soho Green plus interest.
What happens to their loans to Dundee Football Club is another matter. Tim Keyes might decide to write off the loans.