Dens Park

[Deeranged]

Detox?

That's it Deetox

Mental

[Deeranged]

Bob Jamieson I think

[Oor Wullie]

Correct stay at Dens

[Returnofrros]

You are forgetting about the entrenched rights of the A shares one of which prevents ground sharing of more than a 12 month period.
The entrenched rights of A shares are listed in Rules 79-82 of the current Dundee Football Club Limited Articles of Association.

Tell me Islay.

We move to Arbroath (more likely tannadice) with the promise of no more than a year.

Year comes and goes.....no ground, no Dens, what's the point in A shares then if we are already ground sharing and homeless?

[islaydarkblue]

Tell me Islay.

We move to Arbroath (more likely tannadice) with the promise of no more than a year.

Year comes and goes.....no ground, no Dens, what's the point in A shares then if we are already ground sharing and homeless?

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.

[Returnofrros]

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

[Returnofrros]

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

[BCram]

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.

[islaydarkblue]

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.

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.

[Returnofrros]

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.

Yes thanks

I know what's there but what happens if they just ignore it? That's what I'm trying to get at........and only if it's just your opinion I'm interested.

What happens in the scenario I've outlined?