UK time is: 10:22:26
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

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




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



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

The Journalist

Writer: Vital Arabs Mail feedback, articles or suggestions

Date:Thursday October 25 2012

Time: 2:07PM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Dundee United Articles

Tangerines target further reward (Friday October 31 2014)

United close proceedings (Thursday October 30 2014)

Midfielder grateful to colleague (Thursday October 30 2014)

Keeper praised in victory (Wednesday October 29 2014)

Tangerines through on penalties (Wednesday October 29 2014)

Stats: Hibernian v Dundee United (Wednesday October 29 2014)

United in the capital (Tuesday October 28 2014)

Duo return to squad (Tuesday October 28 2014)

We looked nervous - McNamara (Saturday October 25 2014)

Tangerines slip to defeat (Saturday October 25 2014)

Archived Dundee United Articles

List All Vital Arabs Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Breaking League News

Tangerines target further reward
Dundee United : 31/10/2014 20:58:00
Deila so happy with progress
Celtic : 31/10/2014 20:45:00
Extra incentive for defender
Celtic : 31/10/2014 20:40:00
Keeper thrives on pressure
Celtic : 31/10/2014 20:33:00
Celtic look to continue rise
Celtic : 31/10/2014 20:13:00

Current Site Poll (view all polls)

Would Sunderland be a bad career move for John Souttar?
Suggested By:  Vital Arabs
Yes 80%
No 20%