Topic: Club Investment Update |
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1. Author: wee eck Date: Fri 4th Oct 2024. 14:51 From COWS :- It is now several weeks since DAFC Fussball GmbH signalled their intention to seek new investors to take on the management and running of the football club. This process is progressing at pace and the level of interest and calibre of potential investor is encouraging. Several groups have signed Non-Disclosure Agreements to allow them to carry out in-depth analysis of the opportunity. We have to respect the confidentiality of these interested parties throughout this process, however, we do intend to update supporters further once we are in a position to do so as we are aware of how important this topic is to you. It is important to note that DAFC Fussball GmbH, Dunfermline Athletic Football Club Ltd and Pars United CIC are working collaboratively on this process to ensure that any new investor is well positioned to build upon the strong foundations that are in place and to help realise the great potential of our club. Reply |
2. Author: desparado Date: Fri 4th Oct 2024. 15:08 Sounds encouraging… What an opportunity we missed in 2014. Reply |
3. Author: Buster_Brown Date: Fri 4th Oct 2024. 15:39 It does sound encouraging. Some of them must like what they see after the initial enquiry but I`m also wary that others will probably just be tyre kickers Reply |
4. Author: bannerpar Date: Fri 4th Oct 2024. 16:32 While there is nothing set in stone in that statement it`s the most positive piece of news from the club this year. Reply |
5. Author: Dafc96 Date: Fri 4th Oct 2024. 17:01 I think investment needs to be prioritised a bit more, yes I think investing in youth can only better us in the future, but short term invest where we need to, invest in the first team and get a team on the park that is going to get us where we want to be and this will attract youngsters who we can train from a young age, and if we keep them fine or sell them on then it’s win win. Post Edited (Fri 04 Oct 17:01) Reply |
6. Author: wee eck Date: Fri 4th Oct 2024. 17:03 We need to get new owners on board first. It`ll be up to them how they spend their money. Reply |
7. Author: Berkey Date: Fri 4th Oct 2024. 17:21 Defo a positive, no idea on timescales but would be great to see new owners in by the end of the year, particularly if we needed to change things to stay up. Given our league position it feels very much like nailing jelly to a wall in terms of what the club is actually worth. The post below replying to me is by one of .nets finest champions of mediocrity! Reply |
8. Author: da_no_1 Date: Fri 4th Oct 2024. 17:35 There`s only a few posters on this planet who could find a negative in this news. "Some days will stay a 1000 years, some pass like the flash of a spark" Reply |
9. Author: TommyR Date: Fri 4th Oct 2024. 17:44 When I win the euros tonight we`re going back to the premiership! Reply |
10. Author: red-star-par Date: Fri 4th Oct 2024. 18:16 TommyR, Fri 4 Oct 17:44 I actually just put a line on for that sole reason. I`m not that into money or material possessions but it would be good to have money to waste on The Pars Reply |
11. Author: Alter Ego Date: Fri 4th Oct 2024. 21:59 Stadium needs a lot of work with repairs. Our training ground needs actual training facilities. If I was a new investor I would wait untill all the deadwood players are released from their contracts at the end of the season. BUT this would depend on if we stay in the Championship. Relegated and you are just throwing your money away. Mon the Pars! Reply |
12. Author: wee eck Date: Fri 4th Oct 2024. 22:32 Who needs `due diligence` when we`ve got experts like you for free. Reply |
13. Author: saltonsgonagetu Date: Fri 4th Oct 2024. 23:28 wee eck, Fri 4 Oct 22:32 There must be a whole host of investors looking to throw money into a club that lost 1 million the last time they were in Division 1 . Reply |
14. Author: wee eck Date: Fri 4th Oct 2024. 23:34 Well some must be or they wouldn`t be carrying out due diligence. I`m surprised anyone invests in `provincial` Scottish football clubs but it happens all the time. Reply |
15. Author: saltonsgonagetu Date: Fri 4th Oct 2024. 23:36 wee eck, Fri 4 Oct 23:34 Ict seem to be struggling Reply |
16. Author: da_no_1 Date: Sat 5th Oct 2024. 00:07 saltonsgonagetu, Fri 4 Oct 23:28 Hope they`re more positive thinking than you anyway! "Some days will stay a 1000 years, some pass like the flash of a spark" Reply |
17. Author: PARrot Date: Sat 5th Oct 2024. 06:42 saltonsgonagetu, Fri 4 Oct 23:28 I`m obviously not an accountant, but do some businesses not just need to either lose some cash, or pay tax on it? Running a club like us reasonably efficiently could just be another opportunity to promote the existing company more than earn a wad from the football club. Reply |
18. Author: cammypar 1995 Date: Sat 5th Oct 2024. 07:18 da_no_1, Sat 5 Oct 00:07 Not really wrong though. Why would you spend probably in the region of £2m to buy a club who have considerable losses the last few years ? Remembering you are inheriting the debt. We don`t know who said investors are it might be the same bunch who have tried to buy umpteen English clubs and have been denied at every opportunity as they can`t pass the ownership test set out by the FA. It might be guys who buy the club funded by bank loans and when he can`t offset them he sells us in a worse state than we are at present. It`s good we have options although hard to make an accurate decision on the quality the options bring for the club without information on who they are. Obviously the club can`t give us this so it`s just a case of waiting to see. c'mon the pars Reply |
19. Author: da_no_1 Date: Sat 5th Oct 2024. 08:01 Happy Saturday! "Some days will stay a 1000 years, some pass like the flash of a spark" Reply |
20. Author: SeasonedPar Date: Sat 5th Oct 2024. 08:15 Due diligence goes 2 ways. The current board, not just GmbH, will also be checking potential investors. With the stadium being separate from the FC, and land designated by Fife Council as recreational, that should help to ensure serious bids. I’d guess it’ll be a group rather than an individual. Reply |