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

Win FREE pizza with Vital Football!
Select your team and get 50% off if they score twice.
www.papajohns.co.uk/football



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

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

Comments

0
not easy in this day and age to register a profit!
The Fear
25/10/2012 14:22:00
0
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

Recent Dundee United Articles

Video: Hamilton Academical (H)

Dundee United are on the verge of relegation following their 3-1 home defeat to Hamilton Academical.

Not good enough - Paatelainnan

Dundee United manager Mixu Paatelainnan admits he's made mistakes this season.

Tangerines close to drop

Dundee United are on the verge of relegation following their 3-1 home defeat to Hamilton Academical.

Grant Gillespie gave the visitors an early lead and Carlton Morris struck twice more after the break.

Substitute Simon Murray scored a late consolation but United could actually be relegated by city rivals Dundee next week.

The visitors began strongly with Dougie Imrie calling Eiji Kawashima into action after Ali Crawford was twice blocked.

Accies were soon rewarded as

Stats: Dundee United v Hamilton Academical

All the stats from Dundee United (1) vs (3) Hamilton Academical, Tannadice, Sun 24th Apr 3.00pm Att:

Archived Vital Arabs Articles

Vital Arabs articles from

Site Journalists

Malpas
Editor email
Profile

Current Poll (see more polls)

Mixu Paatelainen was the right choice?
Suggested By: Vital Arabs
Yes61%
No39%

League Table

# Team P W D L Pts. GD
1 Celtic 34 23 8 3 77 53
2 Aberdeen 34 21 5 8 68 17
3 Hearts 34 17 9 8 60 20
4 Motherwell 34 14 5 15 47 -7
5 St. Johnstone 34 13 7 14 46 0
6 Ross County 34 13 5 16 44 -7
7 Dundee 34 10 14 10 44 0
8 Inverness 34 11 10 13 43 -1
9 Partick 34 11 8 15 41 -8
10 Hamilton 34 10 9 15 39 -17
11 Kilmarnock 34 8 8 18 32 -23
12 Dundee United 34 6 6 22 24 -27
Latest F1 News
Latest Vital Boxing News

Recent Dundee United Results (view all)

Dundee United Fixtures (view all)