Anybody say how much the Fed, the Trust and Business club contributed, even percentagewise (unless it's confidential).

Combine availability of Gussie, Tannadice and Dens, there’s a development opportunity there that is massively attractive for social housing or even sale. Who knows if they can get the allotments and Gussie car park too?

Similar development up at Derby Street ongoing where the Multis came down. Full regeneration of area coming?

TheShed wrote:

Tangerine'n'Black wrote:

Combine availability of Gussie, Tannadice and Dens, there’s a development opportunity there that is massively attractive for social housing or even sale. Who knows if they can get the allotments and Gussie car park too?

Similar development up at Derby Street ongoing where the Multis came down. Full regeneration of area coming?

 
Yep, and with 2 clubs needing somewhere to play and owning nothing, council gets involved, camperdown happens with the council paying, rent it back, the 2 clubs become 1 playing up there.  This is where we’re heading, but no one wants to see it.

Thompson and martin dont give a fuck about utd. Only interested in making money. What youve said there makes sense. That could be their end goal. Their mouthpiece spence has already alluded to similar.
 

The FED have just released this..

Many members have expressed grave concern at the sale of Gussie which was announced on Friday. As you will be aware the Federation along with other Supporter organisations donated £60k to the refurbishment of Gussie in late 2014, this sum being raised via various events which many of you attended and supported financially. While this donation was for the refurbishment of Gussie, which was subsequently undertaken, it was also made in the belief that in helping cover the refurbishment costs no loan for this purpose would be required by the Club thus allowing more funds to be spent on the playing budget. Whist no legal paperwork accompanied the donation it is clear that the implied intention was to always have an unencumbered asset available to assist with player training etc. The Club underlined how hugely imprtortant the facility was for the future of DUFC.
It is therefore regrettable that due to (to quote the Club) “exceptional financial challenges” we have now effectively sold this partially community funded asset to our Chairman elect’s pension fund. The Club have yet to clarify the exact value of the loans which will require to be redeemed to allow this transaction to proceed. However the existence of these loans means it will be a sum considerably less than the £1 million pound as reported by the local media which the Club will effectively receive. We also dispute the transaction being referred to as a “substantial investment” as it is in effect a sale and lease back arrangement similar to another secured loan, which will result in Dundee United administering and maintaining Gussie whilst now paying a regular sum to Mike Martin’s pension fund (Yorsipp). Finally the speed of the approval process makes us wonder if this transaction was necessitated to allow the accounts for the year to 30 June 2017 to include a post balance sheet event and thus assist with the subsequent signing, publishing and lodging in due course (by 31 March 2018).

bowers wrote:

The FED have just released this..

Many members have expressed grave concern at the sale of Gussie which was announced on Friday. As you will be aware the Federation along with other Supporter organisations donated £60k to the refurbishment of Gussie in late 2014, this sum being raised via various events which many of you attended and supported financially. While this donation was for the refurbishment of Gussie, which was subsequently undertaken, it was also made in the belief that in helping cover the refurbishment costs no loan for this purpose would be required by the Club thus allowing more funds to be spent on the playing budget. Whist no legal paperwork accompanied the donation it is clear that the implied intention was to always have an unencumbered asset available to assist with player training etc. The Club underlined how hugely imprtortant the facility was for the future of DUFC.
It is therefore regrettable that due to (to quote the Club) “exceptional financial challenges” we have now effectively sold this partially community funded asset to our Chairman elect’s pension fund. The Club have yet to clarify the exact value of the loans which will require to be redeemed to allow this transaction to proceed. However the existence of these loans means it will be a sum considerably less than the £1 million pound as reported by the local media which the Club will effectively receive. We also dispute the transaction being referred to as a “substantial investment” as it is in effect a sale and lease back arrangement similar to another secured loan, which will result in Dundee United administering and maintaining Gussie whilst now paying a regular sum to Mike Martin’s pension fund (Yorsipp). Finally the speed of the approval process makes us wonder if this transaction was necessitated to allow the accounts for the year to 30 June 2017 to include a post balance sheet event and thus assist with the subsequent signing, publishing and lodging in due course (by 31 March 2018).

Good statement.

Particulary the last paragraph.

Absolute con job from Thompson and Martin. The brassneck of them is astonishing.


 

Good statement from the Fed, missing 1 thing IMO - what are we as fans going to do about it?

At least they’ve now reacted to the sale.

That just proves that the directors don't give a shit.

​The majority of supporters are not happy with this, are pissed off that the money raised by various fans groups has been for nothing and they don't even bother to engage the fans to comment on it.