Dundee Clubs Merger Fear as Owner Bids to Up His Stake

By Pattullo, Alan | The Scotsman, January 11, 2019 | Go to article overview

Dundee Clubs Merger Fear as Owner Bids to Up His Stake


Pattullo, Alan, The Scotsman


Dundee's American owners have launched an attempt to raise their stake in the club in a move that has heightened merger fears among supporters.

Talk of a possible joining of forces between the two senior clubs in the city reared its head again last month following the purchase of Dundee United by United States-based businessman Mark Ogren.

It has now emerge that FPS, the Dens Park club's ownership vehicle spearheaded by the Houston-based Tim Keyes, has been involved in confidential discussions to buy shares from the Dundee Football Club Supporters' Society (DFCSS) in order to acquire over 75 per cent of the club. They currently own 68.2 per cent.

Reaching 75 per cent would give the current owners complete control and would result in the permanent loss of some of the entrenched rights agreed between the DFCSS and FPS when they took over at Dundee six years ago.

Included among them is the right to veto "an amalgamation or merger with another club" as well as a change of stadium location.

News that John Nelms, the Dundee managing director, is back in the States this week on business, will unsettle fans further. Ogren recently stated he had not met Nelms prior to taking over at Tannadice.

Dundee's owners are hoping to build a stadium on ground bought by Dark Blue Property Holdings, effectively Keyes and Nelms, at Camperdown Park. …

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