Dundee’s proposed takeover by Texan-based investors moved a step closer on Friday when dates for meetings were fixed up.
Football Partners Scotland’s (FPS) bid to plough an initial £650,000 into the Dens Park club will hinge on the say of shareholders, and club finance director Ian Crighton was forced to an issue an apology for the delay in resolving the US-backed investment.
Crighton criticised DFCSS (Dundee Football Club Supporters’ Society) for failing to set a date for their general meeting, which he suggested was holding things up, but the club confirmed the meeting will take place at 7.30pm on August 12.
That will be followed the following evening by a company general meeting, also at the Gardyne Theatre, when shareholders will be able to vote on resolutions that will enable directors to allot shares to FPS.
Meanwhile, the Dark Blues Business Trust (DBBT), which has offered to invest £250,000 in the club provided the US-led offer is rejected, will hold a meeting at the Park Hotel on Thursday to discuss their counter proposal.
Club boss John Brown dismissed the rival bid on Thursday, suggesting it had been “thrown together in desperation”.
Sources close to DBBT said they have always been “open to collaborative engagement and dialogue with FPS” and that they are “acting in the best interests of the club by providing an alternative option to FPS in the absence of effective FPS engagement”.
“The DBBT would also confirm it shares 100% the same objective as John Brown to see DFC return to the SPL by winning the First Division this coming season,” a spokesperson said.
“The DBBT also welcomes the formal announcement of the DFCSS special general meeting, which will allow DBBT’s strategy of open and transparent engagement with all stakeholders to continue apace and afford DBBT the opportunity to make the case for acceptance of its investment offer to Dundee Football Club.”