KPI’s
As you all are aware when the investment offer was agreed by our members, the majority shareholders in the football club became Football Partnership Scotland. It is therefore the Club Board’s decision whether or not to publish KPI’s in the same way the Society did when we held the majority shareholding in the Club. The Society have asked the Club Board via our two representatives if the club could publish KPI’s in a similar manner as they were before. So far the Club Board feel that the controls put in place by the SPFL negate the need to publish KPI’s, we will keep asking though in the hope that a revised set of KPI’s will be forthcoming.
Investment
There has been some discussion on fans forums regarding the Society being asked to donate money to the club. I would like to put all members in the loop.
The Society received a request from the club board via the fans representative to see if the Society would be willing to make a contribution towards the wages of an unsigned and unnamed player. After careful consideration, and a good look at our aims, objectives and rules, it was deemed inappropriate to donate money to the club for this purpose. A meeting was arranged between the Club Board and the Society Board and this led to a better understanding which enabled the Society Board to make much better informed decisions.
The Society Board recognise that we are still the largest single shareholder in the club with approximately one third of the issued shares in Dundee FC. This comes with a responsibility to share the burden of the weight of running Dundee FC in partnership with FPS. We have therefore agreed a part payment on DFCTV money due to the club after the end of our financial year and to invest a 5 figure sum into the club. Our investment will go towards helping with stadium & pitch improvements.
I say investment, as we have been encouraged to take shares for the money by the Club Chairman, Bill Colvin. If he, or any other director (person) was investing in Dundee FC they certainly wouldn’t just hand over their money, they would want something in return. We did look at purchasing DFC Bonds, however at the end of the day, the Society Board took the decision to purchase shares in DFC this time. I can’t say at this moment if this will be the done thing in the future, I am well aware that some members feel that we shouldn’t purchase shares and should just hand over the Society’s money to the club, equally there are members who feel we should buy shares, we will never please everyone, so we took the decision to purchase shares this time, next time we will make what we think is the correct decision at the time.
The meeting between the Club Board and the Society Board was the first of regular meetings, which both boards have agreed to have, on top of this the club Chairman and myself have agreed to have regular meetings and we also talk frequently about the club. This will go some way to both boards having a better understanding of each other and help towards the ultimate goal of bettering Dundee FC.