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

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

United lose home advantage in draw

Dundee United were cost a home tie in the last eight of the Scottish Cup after a malfunction forced a redraw.

Mixu hails attitude

Dundee United head coach Mixu Paatelainen said it was a battling performance as his side moved into the quarter-finals of the Scottish Cup.

United sign striker

Dundee United have signed former Inverness Caledonian Thistle striker Edward Ofere until the end of the season, subject to international clearance.

Tangerines win again to progress

Substitute Scott Fraser grabbed a late winner as Dundee United moved into the last eight of the Scottish Cup with a 1-0 victory against Partick Thistle.

Sean Welsh tried a couple of early efforts for the visitors, the first too high and the second eventually cleared by Gavin Gunning.

But chances were proving elusive and Simon Murray's angled shot was easily dealt with by Thistle goalkeeper Tomas Cerny.

The play continued to be equally disjointed going into the second period,

Archived Vital Arabs Articles

Vital Arabs articles from

Site Journalists

Malpas
Profile

Current Poll (see more polls)

Mixu Paatelainen was the right choice?
Suggested By: Vital Arabs
Yes65%
No35%

League Table

# Team P W D L Pts. GD
1 Celtic 24 17 4 3 55 43
2 Aberdeen 25 17 4 4 55 18
3 Hearts 24 12 8 4 44 21
4 Ross County 25 10 3 12 33 0
5 St. Johnstone 23 9 5 9 32 1
6 Dundee 24 7 9 8 30 -4
7 Inverness 23 7 8 8 29 -2
8 Partick 23 7 7 9 28 -6
9 Hamilton 25 7 7 11 28 -15
10 Motherwell 24 7 5 12 26 -13
11 Kilmarnock 25 6 6 13 24 -21
12 Dundee United 23 3 4 16 13 -22
Latest F1 News
Latest Vital Boxing News

Dundee United Fixtures (view all)

Feb 13 2016 3:00PM : Hamilton Academical (a)
Scottish Premiership
Feb 13 2016 3:00PM : Hamilton Academical (a)
Scottish Premiership
Feb 16 2016 7:45PM : Motherwell (H)
Scottish Premiership
Feb 20 2016 3:00PM : Heart of Midlothian (H)
Scottish Premiership
Feb 27 2016 3:00PM : Ross County (a)
Scottish Premiership
Feb 27 2016 3:00PM : Ross County (a)
Scottish Premiership

Recent Dundee United Results (view all)