Dundee Investment

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Three members of Dundee's six-man board have resigned amid disagreement over a proposed Texan takeover.

 

Steve Martin, Bill Colvin and finance director Ian Crichton left after the other members' refusal to accept the investment on offer.

 

Club director and Dundee Supporters Society chairman Dave Forbes said: "We are quite happy to accept investment, we are not frightened of it.

 

"But we need to be assured that it is legitimate and above board."

 

The board, which included three Dundee Supporters Society members, considered the initial investment offer of about £700,000 from Keyes Capital, who were working with Martin and Colvin.

 

The Texan-based group say they aim to put £1.5m into the Dens Park club, who have been relegated to the First Division.

 

But they were pressing for a deadline of 31 May and the fans' group had requested more time to consider the offer and further details of their plans.

 

Forbes added: "The fans have pulled this club out of the mire three times already. We don't want to have to do it again."

 

Forbes, Maurice Kidd and Fraser MacDonald remain on the board and, as DFSS representatives, own 51% of the club.

 

The investment company says on its website "Our investments are all based in Teaxs but may consider investments in South Carolina" - do they know where Dundee is?

[One Bobby Clark]

DUNDEE, TEXAS. Dundee is on U.S. highways 82 and 277 twenty-seven miles southwest of Wichita Falls in northwestern Archer County.

I see the confusion.