Scottish Premiership side Dundee Owner Tim Keyes revealed how he "hopes the club's planned new stadium will ease the financial burden on him," according to Ian Roache of the Dundee COURIER. Keyes has "ploughed" £2M ($2.5M) into the club by buying shares through the company he co-owns, Football Partners Scotland. That is a £500,000 ($634,840) increase on an earlier pledge given through a club statement. The statement said, "The board intend to issue additional shares to a value of £1.5M ($1.9M) and this will make FPS the holder of 75 per cent of the equity." The latest transaction is "unrelated to the planned ground development at Camperdown," but Keyes revealed how he "sees the venue providing future funding for the football operation and thereby eventually easing the pressure on his own pocket." Keyes admitted his involvement in Dundee has cost more than initially expected but reiterated his long-term commitment to something he described as being "like a member of the family." He is "also confident the stadium will benefit the city as a whole." Keyes said, "Long term we have plans for the stadium and the training ground, which will put us in an elite group of clubs in Scotland. If we get those plans through then it will fuel the club for the next 10 to 20 years" (COURIER, 8/15).
