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Thread: Admin 3

  1. #1
    Join Date
    May 2017
    Posts
    1,320

    Admin 3

    Just to lighten the mood, looks like the neighbours will be across the road for a cup of milk any time soon 😂

  2. #2
    Join Date
    May 2012
    Posts
    3,608
    Can't be, the financial wizards on Fun Mad would have flagged it up ages ago. Like they did last...oh haud on...

  3. #3
    Join Date
    Mar 2006
    Posts
    3,942
    Quote Originally Posted by Arabdownsouth View Post
    Just to lighten the mood, looks like the neighbours will be across the road for a cup of milk any time soon ��
    A cup of milk? They can dance for it for all I care.

  4. #4
    Join Date
    Sep 2009
    Posts
    12,238
    Just read the new statement from Nelms to the Dee faithful (it's on TD. Two things spring to mind. First is that they haven't seen a penny of the magic insurance money and they won't until after a challenge in court.

    From the statement.....
    "While we have the strongest possible bespoke resilience wording in our insurance policy, we do not expect to see any initial payment on our current insurance quantum until the Financial Conduct Authority obtains a ruling from the High Court. This hearing will determine the extent of liability the individual insurers have and is scheduled for late July/early August. It is our sincere hope that the insurance comes through, and for the full amount claimed, but unfortunately there are no guarantees for any of it. In the event that our claim is successful, we will be in a stronger financial position; however, it will be months before we recover our loss of revenue from the past financial year, and it is likely we will not be able to collect on this financial year’s losses until well into the 20/21 season.

    This is the grim reality of what we are facing. The continued uncertainty, coupled with the restrictions on the club (and on our other means of resource that bolster the club) has resulted in an unsustainable operating cost structure. We now have tough choices that must be considered to reduce these costs..."
    -------------------------------

    The second thing that I noticed was Nelms using the past tense a lot, not sure I'm reading too much into that. The Fun fans seem to like the statement though, weird.

    No mention of the Campy financial black hole.....

  5. #5
    Join Date
    Jun 2012
    Posts
    2,246
    Nae chance. That big insurance payment is due

  6. #6
    Join Date
    Jun 2012
    Posts
    2,246
    Ok, just read Stoke’s post. Maybe the insurance payment is not so guaranteed!

    Probably not helped if having to fork out £10m to Hearts and Partick

  7. #7
    Join Date
    Mar 2017
    Posts
    289
    Can we no gie thum a lend of the Noel Hunt money?

  8. #8
    Join Date
    May 2017
    Posts
    1,320
    Quote Originally Posted by FTFun View Post
    Can we no gie thum a lend of the Noel Hunt money?
    They can have the steam off my ****e and that's ****ing it, that's as charitable as I get.

    In fact **** it, they're getting nothing 😂

  9. #9
    Join Date
    Sep 2009
    Posts
    12,238
    It's not like we are bulletproof by comparison and our owners will be looking at our own black hole. But the difference is we have Premiership crowds to come eventually, sold 5000 seasons already, and we've got player assets that would generate fees.

    Dees on the other hand are looking at an October start, low crowds, less than 1000 seasons sold and have not got one player they could sell.

    The Fun.

  10. #10
    Join Date
    Mar 2006
    Posts
    3,942
    Quote Originally Posted by stokearab View Post
    It's not like we are bulletproof by comparison and our owners will be looking at our own black hole. But the difference is we have Premiership crowds to come eventually, sold 5000 seasons already, and we've got player assets that would generate fees.

    Dees on the other hand are looking at an October start, low crowds, less than 1000 seasons sold and have not got one player they could sell.

    The Fun.
    Oh well, at least they'll always have the Doon Derby.😂😂😂😂😂😂😂

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