Official Nelmsy Campus Countdown

[BCram]

When the Overgate Centre was being rebuilt the owners already had Debenhams lined up as the anchor tenant.

Yes, but the project was already in place. IMO is DFC not the anchor client for this project. Council was very heavily involved in trying to deliver Overgate. If we still had the original streets around the Overgate I think it might be a bit different in today's climate.

[islaydarkblue]

Yes, but the project was already in place. IMO is DFC not the anchor client for this project. Council was very heavily involved in trying to deliver Overgate. If we still had the original streets around the Overgate I think it might be a bit different in today's climate.

Nelmsy will have to make do with DFC as their anchor tenant as they will have difficulty getting tenants for their small shops and there are already plenty of hotels and travel lodges in that area of the A90 Kingsway with a Premier Inn next door to the Campy Nou site.

[Returnofrros]

NSD +43.......wonder if it's gonna be on Novembers agenda.

[Returnofrros]

Courier reporting stadium not on November planning meeting.

NSD +57

Nothing to see.

Drama Queens queue other side please.

[islaydarkblue]

Courier reporting stadium not on November planning meeting.

NSD +57

Nothing to see.

Drama Queens queue other side please.

Nelmsy’s next big problem will be repaying the ?1 million plus loan Dark Blue Property Holdings Limited received from Soho Green on 24th November 2022 is due to be repaid in full including the interest payable.
I would not be surprised to see that this loan with the new stadium development site at the former NCR Camperdown playing fields put up as security for their loan is never repaid with Dark Blue Property Holdings Limited handing over the site to Soho Green with their new stadium plans in tatters.

[BCram]

Nelmsy’s next big problem will be repaying the ?1 million plus loan Dark Blue Property Holdings Limited received from Soho Green on 24th November 2022 is due to be repaid in full including the interest payable.
I would not be surprised to see that this loan with the new stadium development site at the former NCR Camperdown playing fields put up as security for their loan is never repaid with Dark Blue Property Holdings Limited handing over the site to Soho Green with their new stadium plans in tatters.

Sorry Islay. Disagree. Much more likely to refinance the deals, imo

[islaydarkblue]

Sorry Islay. Disagree. Much more likely to refinance the deals, imo

If you read the Soho Green website you will read that they look for high net worth people to lend funds making an annual 6% to 10% on their investment. In my opinion there is no way that the investors in Soho Green Cell number 0004 are going to refinance their loan to Dark Blue Property Holdings Limited secured against the 29.7% acres site at the former NCR Camperdown playing fields as these investors want their money back plus their 6% to 10% per annum on their investment.

[BCram]

Agree, they want their money back, not the 29acres that they accepted as security for the loan. Our owners could refinance using another lender.

[islaydarkblue]

Agree, they want their money back, not the 29acres that they accepted as security for the loan. Our owners could refinance using another lender.

How are Dark Blue Property Holdings Limited who have nothing to do with Dundee Football Club Limited apart from two common directors going to refinance their existing loan from Soho Green with another lender.
They are currently paying Pay Day borrowing rates for a Commercial company on their existing loan with Soho Green.
When they received their loan from Soho Green on 24th November 2022 Soho Green were advertising borrowing rates of between 0.75% and 2% per month which equates to between 9% and 24% per annum.
The Soho Green investors will not wait forever to have their loan repaid in full by Dark Blue Property Holdings Limited (DBPHL) and they might take DBPHL to court to seize their assets.
If that happens then the whole thing could fall like a pack of cards with Soho Green demanding immediate repayment of their loan granted to DBPHL on 3rd October 2023 with the Dens Park Stadium put up as security for their loan.
You might remember shortly before the second pre application meeting in the Landmark Hotel, Dundee in September 2022 Nelms stated that the cost of new stadium development at the former NCR Camperdown playing fields was fully funded and if there was a slight shortfall they could easily obtain loans from financial companies in the City of London.
Two months later Nelms borrowed in excess of ?1 million from a finance company based in the Isle of Man.
In my opinion it now time for John Nelms to tell the truth and explain why he borrowed this money from Soho Green with the site of his new stadium development at the former NCR Camperdown playing fields put up as security for his loan especially as the cost of the new stadium development was fully funded in September 2022.
Hiding away in his Gardyne bunker is no longer an option for John Nelms as the wagons are circling.

[BCram]

I repeat, refinancing is an option. Suppose Keyes Capital was involved? Just trying to question your posts, and show that there are options that do not end in financial ruin for DFC or John Nelms.
I think it is important to try to encourage support for DFC. The Dee4life AGM should be a must attend event this year. I hope any DSA members who are also members of Dee4life come along. Maybe there is some merit in trying to encourage a stronger, bigger fan based organisation? I never understood why DSA left Dee4life. Any suggestions?