The Dundee Football Club Supporters’ Society is set to vote on an offer that could finally bring to an end a protracted takeover saga.
• Dundee Football Club Supporters’ Society to vote on an offer from a US consortium to buy club
• Dundee boss John Brown urges swift resolution as he bids to recruit players for next season
Boss John Brown this week called for an agreement to be reached after claiming delays in rubber-stamping the deal had cost him potential new signings.
A US-led consortium, led by financier Tim Keyes, is seeking to buy a stake in the First Division club.
In the meantime, Brown is to be given more cash to spend on strengthening his squad.
A statement on the Dundee website read: “Dundee FC can announce the re-appointment to its board of Ian Crighton, in the role of finance director, following the agreement of revised Heads of Terms on Monday with Football Partners Scotland.
“Although this agreement does not guarantee any immediate injection of funds, the board reviewed the budget at a meeting on Tuesday night and agreed a significantly improved player budget in line with expectations to allow John Brown to finalise his playing staff for the forthcoming season.
“It is hoped that signing targets that have been identified by the manager can now be secured to ensure he has a full complement of players going into the series of pre-season games.
“The board are now progressing with arrangements for a General Meeting to consider the proposed injection of funds from FPS. Full details will be posted on the website when documents are posted to shareholders.
“Dundee FC Supporters’ Society are also progressing with the staging of an election and Special General Meeting to provide their members with the opportunity to vote on the offer and the consequent reduction in their shareholding.”