St Johnstone got lucky when a person (I think it was a farmer) with the surname McDiarmid donated the land for McDoarmid Stadium as he had made a fortune selling his land for the new western bypass of Perth.
Mr McDiarmid’s only condition for donating the land free of charge was that the new stadium was named after him hence the reason that it is called McDiarmid Park.
Yanks say we are gone unless it's another year, 2 year or even 3 years.
I can see the A shares stopping us ground sharing in 1st place but once it's happened then I don't see they have much clout .....be like turkeys voting for Xmas
But I'm glad they are they all the same
I just don't like where this is heading as I've mentioned a few times going back over 2 or 3 years
Happy with this thread Rross. Maybe going over the arguments will bring forward a positive decision to stay at Dens? DFCSS still around, club in top division, no grant repayment penalty if Dens is bought by the DFC BoD. Think the 1893 Foundation must have been a pleasant surprise for our owners.
Try to find compelling business plan that shows tweaking Dens is viable option.
Item 6.7.5 under the Entrenched Rights of the A shares.
I suggest that you read the Statement of Capital after the allotment of shares on 26th February 2014. https://find-and-update.company-info...history?page=2
It is on the Companies House website dated 25th April 2014
Scroll down until you come to the Statement of Capital- A shares under which all the entrenched rights of the A shares are listed.
I enclose the latest Dundee Football Club Limited annual accounts for the year ending 31st May 2020 and suggest that you read
Item 13 - Operating Leases which lists the rent paid in the current and previous financial years plus the rental payable for the next five years and the outstanding total for the remainder of the Stadium rental period. https://d1ssu070pg2v9i.cloudfront.ne...unt-201920.pdf
According to the annual accounts for the year ending 31st May 2019 the annual rent payable in 2018 was £65k, 2019 was £71k, 2020 was £78k.
This equates to a total annual rent payable to Sandeman Properties from 2018 -2020 of £214,000.
Meanwhile Dundee Football Club Limited are still responsible for any repairs and improvements to Dens Park.
In my opinion this is a ridiculous waste of money which could have been spent on other things such as the player budget if John Nelms had taken up the business case for the buy back of Dens Park.