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Dundee United » Stephen Thompson you MUST leave for the good of the club » 23/10/2017 7:37 pm

Dugout
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Theoretically the members can vote in any way they want.  From the reaction of the members it was clear this would not happen and the money would not go to ST
do you know ONE FAN who would agree to that?
No neither do I

Dundee United » Stephen Thompson you MUST leave for the good of the club » 23/10/2017 7:09 pm

Dugout
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Reading the posts with interest
The website states CLEARLY that the money will not go to ST
Has anyone even read it?
Also it's in our manifesto what our plans are re directorship for the Foundation. It has been there for all to see from day one

Dundee United » Wato Kuate » 23/4/2017 8:58 am

Dugout
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I liked him and he is a big guy and tough
Exactly what we have missed all season in the middle
I think he will be invaluable.
As for Preston; he hates United for some reason and his comments after the game suggested only one team
Pilates
I don't think he mentioned United once

Dundee United » Andy Robertson to Liverpool » 22/4/2017 7:07 am

Dugout
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The money will come to United and then quickly slip out to a third party

Dundee United » Very worrying times... » 20/4/2017 6:00 pm

Dugout
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And now another 5 charges listed on Companies House today against the club
What on earth is going on. What do have left to sell?

Dundee United » Very worrying times... » 20/4/2017 8:19 am

Dugout
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blackandtangerine wrote:

PatReilly wrote:

Having little knowledge when it comes to financial analysis, the question which concerns me surrounds the timing of this revelation. 

The board need the fans supporting the club right now, as they are expecting us to:-

a) back the team as we attempt to negotiate difficult play off games

and

b) purchase season tickets for the next campaign.

Why, at this point rather than the close season, has this move been made? It is incumbent on the board to make a statement before this weekend to attempt to allay the fears of the support. 

Correct Pat. No one in their right mind should be parting with any season ticket money until thompson comes out and tells the truth of what is actually happening. 
 

 
Keep your eyes out for a planning application for the car park

Dundee United » Very worrying times... » 19/4/2017 10:29 pm

Dugout
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Has far as I am aware that DID NOT include the car park😡

Dundee United » Very worrying times... » 19/4/2017 9:55 pm

Dugout
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The club is now defunct of any assets and there is no business plan to address the frightening issues we face. Plan is to borrow and hope an ex player attracts a hand on fee
Club is finished

Dundee United » Very worrying times... » 19/4/2017 9:53 pm

Dugout
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Tek wrote:

scarpia wrote:

Not sure the security would be overvalued ad it'd be based on the land value at Gussie etc - not worth much I'd guess.

Scarpia,from what i hear the GA Arena brings us in a 6 figure sum alone EACH YEAR.

I think it would be worth Fans United or the like enquiring about an independent auditor pricing that land,the assets and their worth.

As my (admittedly rudimentary) calculations in my head price all those assets at a lot more than the loan figure.

The fear for me is that I've always had the belief that Admin (or worse) would be an absolute last resort to the Thompson's as it would render their shares worthless.

But if they are (for all intents and purposes) getting their loans back (and then considerably more) in the event of Admin or an insolvency event then this off-sets their financial risk.


 

 Gussie has recently been independently valued at £1 million

Dundee United » Another loan » 28/3/2017 12:47 pm

Dugout
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TheShed wrote:

Every loan we take adds to the problem, once Gussie is security on this loan there's nothing left to secure.  What happens when the next loans needed?  The club is now at the point where it cannot spend £1 more than it brings in, cos the next missed payment or next loan needed with nothing to offer as security could shut the doors.

To be fair, he said he'd get investment in and it looks like he has, but it's like trying to fill the bath with the plug out, cos he hasnt got close to fixing the overspending.

 
It is seriously worrying that he believes a loan is an investment!
And the Courier don't question it

Dundee United » Dundee United Foundation Limited » 23/3/2017 10:11 pm

Dugout
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Ceres Arabs have just posted some details on Facebook Pat

Dundee United » Dundee United Foundation Limited » 23/3/2017 8:45 pm

Dugout
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PatReilly wrote:

Interesting stuff boys, if you dig a bit: there are links between a present director, a past director and a past chairman (of United) at a Dundee company (all presently on the same board, along with an executive of another leading Scottish football team). 

While one of the new officers of DUSF shares a boardroom with one of the directors mentioned above in another Dundee company.

 
Guys you are barking up the wrong tree here!
A statement will be issued very shortly

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