Vital Football

Latest Dundee United News

United announce profit

United announce profit

Dundee United have announced a net profit of £1.45m for the year to June 2012 having also reduced their current bank debt and directors' loan.

That figure was though significantly boosted by the sales of striker David Goodwillie to Blackburn Rovers and midfielder Scott Allan to West Bromwich Albion as the club record a profit of more than £2m in transfer deals.

Revenue overall actually fell by 3% to £5m while the ratio of wages to turnover increased slightly from 74% to 76%.

"It is pleasing to be able to report a healthy net profit and a significant reduction in bank borrowings," chairman Stephen Thompson told United's official website. "It is particularly pleasing that the financial position has improved as a direct result of our long term investment in the Club's youth development policy, which produced the receipt of significant transfer fees during the year from the sale of David Goodwillie and Scott Allan.

"It is equally encouraging that astute signings by the Manager and the introduction of further exciting youth development players not only allowed the team to remain competitive, but also provides optimism for further financial improvement," he added. "This underlines the importance to Dundee United of having a strong and vibrant youth policy."

Join The Vital Debate

Click here to join in the debate on the club forum.

Writer:Vital Arabs
Date:Thursday October 25 2012
Time: 2:07PM


not easy in this day and age to register a profit!
The Fear
25/10/2012 14:22:00
not easy in this day and age to register a profit!
The Fear
25/10/2012 14:22:00
Page 1/1
  1. 1

Login to post a comment

Best of Vital Network

Vital Boxing - Frampton Fight Upgraded

Recent Dundee United Articles

Defender deal done

Dundee United have announced the signing of defender Bilel Mohsni until the end of the season.

Angry United boss hits out

Dundee United boss Csaba Laszlo hit out after his side succumbed to a 3-2 home defeat to Queen of the South.

Dundee United 2 Queen of the South 3

Dundee United missed their chance of closing the gap on second place despite fighting back against Queen of the South at Tannadice.

The visitors still retain their own play-off hopes and appeared well set when leading by a couple of goals at the interval.

Joe Thomson had them in front midway through the opening half and Kyle Jacobs converted a penalty just ahead of the break.

But Mark Durnan pulled a goal back with almost an hour completed before Scott McDonald levelled matt

Stats: Dundee United v Queen of the South

All the stats from Dundee United (2) vs (3) Queen of the South, Tannadice, Tue 20th Mar 7.45pm Att: 4,088

Dundee United Archived Articles

Vital Arabs articles from

Site Journalists

Editor email

Current Poll (see more polls)

Ray McKinnon was the right choice as manager?
Suggested By: Vital Arabs
Vital Football Comment
Latest F1 News
Latest Vital Boxing News
Write for Vital Football

Recent Dundee United Results (view all)

The Vital Football Members League