Football: Dundee clubs set to ground-share.
DUNDEE and Dundee United have come under pressure from the bank to ground-share in order to curb their massive debts.
Mirror Sport understands bankers HBOS suggested the controversial idea in order to make inroads into the Dundee clubs' multi-million debts.
Both Tayside outfits are suffering from severe financial difficulties with Dundee in administration after running up debts of around pounds 20million under former owners Peter and Jimmy Marr. United are also struggling and are pounds 6m in the red.
Although the scheme is set to meet resistance from supporters of each club, HBOS believe this may be the only solution in order to cut costs.
But Mirror Sport understands that HBOS favour selling either Dens Park or Tannadice in order to raise some desperately needed funds with Dundee or United moving to the home of their rivals.
With the bank attempting to force this issue, Dundee's administrators, Ernst and Young, revealed they would not rule out such a proposal if it meant safeguarding the future of the Dark Blues.
A spokesman for Ernst and Young said: "It is important that we keep all avenues open and this is what we are doing."
United chairman Eddie Thompson added: "We would always consider any proposals that were put forward if they were for the benefit of Dundee United Football Club."
FORMER OWNER: }Peter Marr
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|Publication:||The Mirror (London, England)|
|Date:||Mar 12, 2004|
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