Major Investor Callum Melville may leave Dundee
Investor Callum Melville has handed in his resignation to Dundee. The board held an emergency meeting on Monday and have yet to accept his departure. The directors at the club held a 90 minute meeting and suggested that they would hold further meetings this
week.
Melville has invested approximately £1.3 million in the club and had stated his intention to fund the club over the next three to five years, although he did not intend to put up anything near the amount of the £1.3 million he paid out when he first invested.
Former chairman Bob Brannan stood down from the club last season and Melville confirmed that he was still committed to financing the club. However, earlier this month, Melville was suspended from his position at Cosalt after a review was carried out regarding
work practices. Melville has not been charged with anything illegal.
Dundee fans and the board will be concerned with Melville’s decision since he provided the funds necessary to strengthen the squad last season. His decision came on the day that former manager Jocky Scott and his assistant Ray Farningham were expected to
take the club to an industrial tribunal over their sacking from the club.
Melville has suggested that he does not have the time to commit to the football club anymore. The board are expected to investigate this claim and see whether Melville will provide the money that he said he would invest over the next three to five years.
The former Dundee Utd chairman John Bennett owns Dens Park and is owed £200,000 worth of loans. He is considering becoming the chairman. If a new investor is not found the club may well struggle this season and the future of a number of players will be questioned.
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