The DFC BoD have no respect for the 'entrenched rights' of DFCSS and will simply dismiss them when it suits.
For example DFCSS is entitled to two representatives on the board, one to be directly selected by DFCSS and one to be at the discretion of the club BoD but with the agreement of the DFCSS board. How many representatives does DFCSS currently have on the club BoD?
DFCSS have neither the clout nor the stomach to stand up to the DFC BoD when they act in the way they did for example when the club withdrew contractual match coverage rights held by DFCSS via DFCTV at the inception of DeeTV they did so knowing that DFCSS would have neither the influence nor the stomach to challenge them on it and to fight for their contractual rights.
Unfortunately DFCSS is no longer relevant as it has allowed the club board to remove it completely from the picture, they're not even there as a reminder that the club needs to watch its footing.
When the club moves to permanently ground share at Tannadice, another entrenched of DFCSS right is to prevent just that, it will happen with not as much as a whimper from DFCSS. That in turn will signal the end of the club.
Disagree Deeranged. Far from being irrelevant this might be the very time that the club needs a legal entity, associated with the fans. I do not understand why you think there would be an exit strategy from DFC that would be based on FPS wanting the club to close. I think you are talking rubbish but you are entitled to express your views.
When FPS offered £8,000 for all the A shares which included the entrenched the DFCSS board of directors and their members said no. FPS offered such a derisory offer because the all the Dundee Football Club Limited shares held by DFCSS including the A shares were valued in their annual accounts at a nominal £1.
I insisted that the true value of all the shares held by DFCSS in Dundee Football Club Limited including the A shares at 1.35p each was stated in the DFCSS annual accounts for the year ending 31st May 2020.
This would prevent another derisory offer by FPS in the future.
FPS are happy to value the Dundee Football Club Limited shares at 1.35p each when they carry out their debt for equity’ share transactions so it is only right that DFCSS do likewise.
I'm not comparing anything just pointing out the mob we had in charge before keyes invested.
For all the mistakes they have made we certainly wudna be in the top flight without them.
Mibbe if we owned dens we could have a fan ownership like Motherwell, we done so we can't.
Your comparing fans we blazers to proper investment and a man who has spent millions keeping the club afloat.
Why, I've no idea.
Where do we go if they walk?
Article says Dens to be bought back and sold to part finance Campy. Temp ground share at McDiarnid or Arbroath required in between. Tannadice not being considered according to article
Time for auld Boab to put a bid in