DFCSS conditions are new obstacle to takeover deal
ByEric Nicolson
The path towards an American takeover of Dundee continues to be a long and winding one.
At the weekend it looked like a significant breakthrough had been made when the club’s majority shareholders declared their willingness to accept up to £1.5 million worth of investment from a Texan-backed consortium.
However, it was swiftly followed by the news that those potential investors aren’t happy with the conditions attached to that support and are set to reject them.
The Dundee FC Supporters’ Society (DFCSS) sent a list of 11 “acceptance terms” to the consortium.
The Americans and their partners over here, Steve Martin and Bill Colvin, are understood to be unhappy with most of the demands, particularly those that relate to veto powers DFCSS are reported to want in relation to club finances and future sales of shares.
DFCSS have pledged that the consortium will be allowed “the timescale to discuss these heads of terms” and await official feedback.
Meanwhile, John Brown will take a look at former Celtic striker Carlo Monti in a pre-season trial.
After being released by the Bhoys in 2009 the 22-year-old has played amateur and junior football.
DFCSS conditions are new obstacle to takeover deal