Tekel Towers » Gussie park

bowers · 23/2/2018 1:06 pm

Being sold for £1 million to Mike Martin

https://www.eveningtelegraph.co.uk/fp/stephen-thompson-sell-dundee-united-training-facility-1-million/

B_Bombscare · 23/2/2018 1:44 pm

Hmmmm asset stripping ? Do we not owe the Borthwick fella half a million on Gussie already ?

bowers · 23/2/2018 1:46 pm

Yeh.. assuming his loan will need to be repaid?

Then the rest gets the wages paid till season ticket money comes in.

23/2/2018 1:58 pm

I seem to recall that Gussie actually made an annual profit so (assuming United continue to use the facilities) will MM charge United for their use?

Will he take profits/cut of profits from other use?

We're the loans from the Thompson family also secured in this - if so have these been paid off too?

PatReilly · 23/2/2018 2:14 pm

Suspicious of anything which happens behind the scenes at football clubs these days.

Why wait until the day of a game to make this news public? It's a deflection tactic.

But...........if Gussie Park is seen to be worth £1 million by Thompson and Martin, that should be £1 million knocked off the asking price for the club, should it not?

PatReilly · 23/2/2018 2:25 pm

PS, has Mike Martin ever put any money in to the club? Not via the purchase of shares, which is feathering his own nest.

Tangy · 23/2/2018 2:25 pm

This needs an explanation from the board....

Mm is now the second or 3rd biggest shareholder and he's bought gussie. I'd very much like to know what the intentions behind this are.

Is it a case we had to pay back the loan? Does he have a wonder plan?

DontOfferMeThat · 23/2/2018 3:08 pm

Thompson steps down - his mate gets the training facility for £1m. How much is it valued at? How much income does it generate ( it's busy 12 hours a day). This stinks of asset stripping and not good long term business for Utd.
If Thompson wasnt stepping down I think there woudl be more of an outcry. THis is dressed up as some sort of step forward!! And the Courier appears to be backing that up big style.

Last edited by DontOfferMeThat (23/2/2018 3:09 pm)

B_Bombscare · 23/2/2018 3:50 pm

Sure fans raised lots of cash towards the regeneration of Gussie also. This whole thing stinks.

bowers · 23/2/2018 3:52 pm

PatReilly wrote:
PS, has Mike Martin ever put any money in to the club? Not via the purchase of shares, which is feathering his own nest.

Yes he has recently i am led to believe. How much though he wouldnt state.

bowers · 23/2/2018 3:53 pm

B_Bombscare wrote:
Sure fans raised lots of cash towards the regeneration of Gussie also. This whole thing stinks.

The FEd the business club and arabtrust contributed to the upgrade.

Last edited by bowers (23/2/2018 3:53 pm)

RogerTheAlien · 23/2/2018 4:09 pm

DontOfferMeThat wrote:
Thompson steps down - his mate gets the training facility for £1m. How much is it valued at? How much income does it generate ( it's busy 12 hours a day). This stinks of asset stripping and not good long term business for Utd.
If Thompson wasnt stepping down I think there woudl be more of an outcry. THis is dressed up as some sort of step forward!! And the Courier appears to be backing that up big style.

Thompson Isn't doing fuck all. He'll still be calling the shots.

RogerTheAlien · 23/2/2018 4:11 pm

bowers wrote:
Yeh.. assuming his loan will need to be repaid?

Then the rest gets the wages paid till season ticket money comes in.

Hopefully there's no season ticket money comes In. Get that rat out.

Billy_Hainey · 23/2/2018 4:54 pm

Was Gussie no up as security for a loan fae some chunt.

Tek · 23/2/2018 5:13 pm

Billy_Hainey wrote:
Was Gussie no up as security for a loan fae some chunt.

It was, yes.

That is what's confusing me.

Surely his loan hasn't been paid back.

Billy_Hainey · 23/2/2018 5:28 pm

It smells.

Tek · 23/2/2018 6:04 pm

Billy_Hainey wrote:
It smells.

Regards the loan all i can think is perhaps Mike Martin has paid Borthwick his loan back and Utd now owe him (Martin) the loan?

Tek · 23/2/2018 6:23 pm

It would appear that Gussie is being sold to a Pension Fund company called Yorsipp.

TangerineDream · 23/2/2018 7:27 pm

WTF is he up to now !!

Time we knew exactly what was going on with all this s.hite. Thompson is at it, yet again, I suspect.

What a mess he has made of our great club .

RRDH · 23/2/2018 8:02 pm

more shite. fuck sake. Just want to focus on the game. Smert timing.

TheShed · 23/2/2018 8:19 pm

The payment from MM will be used to pay the loan back, sure it was Cath Thomson that had security on Gussie and Borthwick on other buildings around it and Tannadice. The rest of the payment will service what we need to finish the season.

This time last year we got the loans to survive, this year start selling off the assets..

Just start thinking what happens this time next year? Tannadice will be sold next.

Tbh if the whole Utd support isn’t chanting Thomson out for 90 mins at the next home game, preferably outside the ground, then we deserve the shafting we’re getting.

23/2/2018 8:40 pm

TheShed wrote:
The payment from MM will be used to pay the loan back, sure it was Cath Thomson that had security on Gussie and Borthwick on other buildings around it and Tannadice. The rest of the payment will service what we need to finish the season.

This time last year we got the loans to survive, this year start selling off the assets..

Just start thinking what happens this time next year? Tannadice will be sold next.

Tbh if the whole Utd support isn’t chanting Thomson out for 90 mins at the next home game, preferably outside the ground, then we deserve the shafting we’re getting.

Fortunately I doubt they have the money to pay off the loan on Tannadice - that having been said I agree that it's Thomson out time (and Martin as well unless he comes up with detailed explanations as to what's going on)

TheShed · 23/2/2018 9:00 pm

scarpia wrote:
TheShed wrote:
The payment from MM will be used to pay the loan back, sure it was Cath Thomson that had security on Gussie and Borthwick on other buildings around it and Tannadice. The rest of the payment will service what we need to finish the season.

This time last year we got the loans to survive, this year start selling off the assets..

Just start thinking what happens this time next year? Tannadice will be sold next.

Tbh if the whole Utd support isn’t chanting Thomson out for 90 mins at the next home game, preferably outside the ground, then we deserve the shafting we’re getting.

Fortunately I doubt they have the money to pay off the loan on Tannadice - that having been said I agree that it's Thomson out time (and Martin as well unless he comes up with detailed explanations as to what's going on)

I meant they’ll pay the loan back on Gussie to Cath with the sale money.

Borthwicks loans on the other buildings are next years problem along with Hugh Duncan’s loans on Tannadice. That’s when Tannadice will be sold, they’ll need to or shut the doors, cos there’ll be no cash to continue.

That new stadium up at Camperdown is starting to look a bit more real.

23/2/2018 9:29 pm

TheShed wrote:
scarpia wrote:
TheShed wrote:
The payment from MM will be used to pay the loan back, sure it was Cath Thomson that had security on Gussie and Borthwick on other buildings around it and Tannadice. The rest of the payment will service what we need to finish the season.

This time last year we got the loans to survive, this year start selling off the assets..

Just start thinking what happens this time next year? Tannadice will be sold next.

Tbh if the whole Utd support isn’t chanting Thomson out for 90 mins at the next home game, preferably outside the ground, then we deserve the shafting we’re getting.

Fortunately I doubt they have the money to pay off the loan on Tannadice - that having been said I agree that it's Thomson out time (and Martin as well unless he comes up with detailed explanations as to what's going on)

I meant they’ll pay the loan back on Gussie to Cath with the sale money.

Borthwicks loans on the other buildings are next years problem along with Hugh Duncan’s loans on Tannadice. That’s when Tannadice will be sold, they’ll need to or shut the doors, cos there’ll be no cash to continue.

That new stadium up at Camperdown is starting to look a bit more real.

Agree that the Thomson loans most likely at the bottom of this and it's part of Baldymort's exit strategy. C

Think they might struggle to pay off Hugh Duncan's loan or sell to an external buyer so Tannadice probably safe in the short term, but who knows

TheShed · 23/2/2018 9:38 pm

scarpia wrote:
TheShed wrote:
scarpia wrote:

Fortunately I doubt they have the money to pay off the loan on Tannadice - that having been said I agree that it's Thomson out time (and Martin as well unless he comes up with detailed explanations as to what's going on)

I meant they’ll pay the loan back on Gussie to Cath with the sale money.

Borthwicks loans on the other buildings are next years problem along with Hugh Duncan’s loans on Tannadice. That’s when Tannadice will be sold, they’ll need to or shut the doors, cos there’ll be no cash to continue.

That new stadium up at Camperdown is starting to look a bit more real.

Agree that the Thomson loans most likely at the bottom of this and it's part of Baldymort's exit strategy. C

Think they might struggle to pay off Hugh Duncan's loan or sell to an external buyer so Tannadice probably safe in the short term, but who knows

Tannadice,Gussie all together is a fairly big area, worth a bit to 1 person to develop. That scares me.