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Dundee FC Supporters’ Society quiz club chiefs on Texan takeover plan

Dundee FC directors Dave Forbes (left) and Steve Martin address the media outside Dens Park after Tuesday's meeting.
Dundee FC directors Dave Forbes (left) and Steve Martin address the media outside Dens Park after Tuesday's meeting.

The future ownership of Dundee FC remained up in the air last night after a meeting at Dens Park involving the backers of a joint Scots-US buyout proposal.

Current director Steve Martin and major Dens shareholder Bill Colvin have been working with Texas-based investment company Keyes Capital on the bid for 51% of Dundee FC shares.

However, there was some confusion over whether this buyout offer was only on the table until Friday a claim neither confirmed nor denied by board representatives at the meeting.

The backers of the plan were quizzed by directors representing the Dundee FC Supporters Society, including their chairman Dave Forbes.

Mr Forbes said after the meeting: “We will put our views to them (the members) and they will respond as they see fit.”

However, any consultation process with the fans could mean any possible deadline from the buyout consortium would be unrealistic.

Mr Martin said: “It is an open discussion and the society have been asking us questions about what the benefits (of the plan) are etc.”

It also emerged yesterday that John Bennett, the former Dundee United director who owns Dens Park, has said he would be willing to sell the stadium to the consortium.

The cost would be in the region of £750,000 which, when added to the £700,000 required for the 51% stake in the shares, would mean the Scots-Texan group would need to find £1.5 million to take control of the club.

For full coverage of Tuesday might’s meeting, and a look at the background of the prospective buyers, see Wednesday’s Courier or try our digital edition.