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Mascot Maniac
Dundee Legend
United Kingdom
983 Posts |
 Posted - 25 April 2012 : 09:35:47
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An amazing investment into the Club by the Colvins. Anyone know them fae Dees Doon Sooth? Lets hope that this can encourage similar/ further investment, be it personal or on behalf of a business. Hopefully this is being helped by the work of the new CEO and can help us launch a decent squad for next year.
Wee bit o optimism is guid (partic after sat!). |
Edited by - Mascot Maniac on 25 April 2012 09:45:24 |
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Neil McCanns chip
First Team Player
178 Posts |
Posted - 25 April 2012 : 11:04:07
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Whilst delighted that we've got a six-figure investment I am slightly concerned that the board announced this at the Q&A session earlier this year BEFORE we had actually received the money. At the time, it was presented as being a done deal yet it appears months passed before the money landed in our bank account.
What would have happened if the deal wasn't finalised in that time? In my opinion, no announcement should be made until the investment shows up on our bank statement.
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hairyscotsman
Under 21's Squad Member
45 Posts |
Posted - 25 April 2012 : 13:14:30
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| Was amazed and delighted to hear of this news when I saw the tweet. Many many thanks to this couple for their extrmely generous funding. |
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Dark Blue Dreamchaser
Dundee Legend
United Kingdom
1509 Posts |
Posted - 25 April 2012 : 13:22:13
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quote:
[i].
(partic after sat!).
Pun of the week so far! |
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Garry B
Fringe Player
79 Posts |
Posted - 26 April 2012 : 13:16:07
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| A tremendous gesture from the Colvins. |
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n/a
deleted
618 Posts |
Posted - 26 April 2012 : 17:34:31
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| admin, I asked some honest questions about this investment, can you explain why it was deemed necessary to delete them? |
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Super Tommy
Website Editor
United Kingdom
1562 Posts |
Posted - 26 April 2012 : 17:41:20
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quote:
Originally posted by dundeemanonislay
admin, I asked some honest questions about this investment, can you explain why it was deemed necessary to delete them?
Drop me and email at tommydfc@gmail.com and i'll be happy to explain. |
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blu33
First Team Player
United Kingdom
202 Posts |
Posted - 26 April 2012 : 22:03:03
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| Amazing gesture by this family, i am sure their Father/father (is this correct ?)in law would have been very,very proud of what they have done here, £300k will make a huge difference and will ensure we are on a level playing field with the relegated team and their parachute payments. |
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islaydarkblue
Dundee Legend
United Kingdom
2520 Posts |
Posted - 27 April 2012 : 14:41:19
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| I thought that the original donation of £180,000 was included in Barry Smith's buget for this season. Is this correct. |
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cardee
Fringe Player
50 Posts |
Posted - 27 April 2012 : 21:22:41
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No offence meant, but is this an investment or a donation?.
The answer makes a huge difference.
If it is a donation, I thank you from the bottom of my heart.
If it is an investment, what is the expected return? |
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Neil McCanns chip
First Team Player
178 Posts |
Posted - 27 April 2012 : 23:16:44
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I see on twitter that 25 of the 50 bonds have been sold already. This is more great news, but can it be confirmed that these are seperate from the Colvin's very generous donation? Ie, did it consist of the purchase of 20 bonds? |
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MikeM
Internationalist
United Kingdom
333 Posts |
Posted - 27 April 2012 : 23:35:28
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| Like others, I don't doubt the motive for this welcome investment. But any reason why we can't have absolute transparency re: bonds / shareholding etc? |
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islaydarkblue
Dundee Legend
United Kingdom
2520 Posts |
Posted - 28 April 2012 : 11:56:25
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In the letter sent to members of DFCSS on 3rd August 2011 it states that an injection of £180,000 has been received from the family of the late Mr Bill Gordon.
Included in the list of issued share capital shows:
William Colvin 13,416,039 shares (21.8%)
I can understand that the club were keen to launch the 50 Bond prior to today's historic anniversary. It is a pity that they did not publish the full benefits of purchasing one of these bonds.
If the Colvin family have purchased 20 bonds instead of shares that is a noble gesture as it allows DFCSS to still maintain their current controlling interest. |
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n/a
deleted
618 Posts |
Posted - 28 April 2012 : 19:48:52
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| I dont doubt the motive either , if the Colvins have now invested 280,000 how does that compare to DFCSS is it more or less? |
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islaydarkblue
Dundee Legend
United Kingdom
2520 Posts |
Posted - 28 April 2012 : 20:14:02
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DFCSS initially put in £150,000 for the administration plus a further £70,000 towards the end of last season to help with the football club cashflow. Since the start of this season I think DFCSS have put in another two or three lots of £10,000 making a total of either £240,000 or £250,000.
The only people who can give this answer is one of the board of directors of DFCSS. |
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Hong Kong
Internationalist
United Kingdom
321 Posts |
Posted - 30 April 2012 : 01:03:01
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Can I ask is there anymore investment coming to the club and I rake it we are looking for at more???
With working away would like to ask how does this help with giving Barry a budget that can be the best for the division and help him to get thus club back to the SPL??? |
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islaydarkblue
Dundee Legend
United Kingdom
2520 Posts |
Posted - 30 April 2012 : 11:12:23
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Hong Kong.
In the current financial climate no club can afford to turn down outside investment |
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Neil McCanns chip
First Team Player
178 Posts |
Posted - 01 May 2012 : 09:25:15
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Still no answer on whether some of the bonds sold form all or part of the Colvin's investment.
If 25 bonds were sold within a few hours, surely that £125k is worth celebrating if it comes on top of a £100k injection the week before. |
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Neil McCanns chip
First Team Player
178 Posts |
Posted - 01 May 2012 : 09:34:44
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quote:
If the Colvin family have purchased 20 bonds instead of shares that is a noble gesture as it allows DFCSS to still maintain their current controlling interest.
I completely agree, although if that is the case - and we still don't know if it is or not - then I think it was wrong to mislead the fans by making it appear that we had brought in £125,000 on top of an investment we announced PRIOR to the Chief Executive tweeting about selling 25 bonds within a few hours.
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Topic |
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Colvins Investment
