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

Best of Vital Network

Recent Dundee United Articles

Dundee United v Dumbarton

Dundee United are meeting Dumbarton in a later start on Saturday afternoon (kick-off 5.15pm).

Midfielder nearing return

Dundee United midfielder Scott Fraser is nearing a return to action for the play-offs.

Striker leaves United

Dundee United have released Dutch striker Nick van der Velden ahead of schedule.

Dundee United 3 St Mirren 2

Blair Spittal struck a last-minute winner as Dundee United kept up their challenge for second place with a 3-2 victory against St Mirren at Tannadice.

Danish striker Thomas Mikkelsen earned them an early lead but Gary Mackenzie headed an equaliser before the interval.

Fellow loanee Tony Andreu then reclaimed the advantage midway through the second period, although that was cancelled out by Josh Todd inside the closing five minutes.

But there was still enough time remaining f

Archived Vital Arabs Articles

Vital Arabs articles from

Site Journalists

Malpas
Editor email
Profile

Current Poll (see more polls)

Ray McKinnon was the right choice as manager?
Suggested By: Vital Arabs
Yes83%
No17%

League Table

# Team P W D L Pts. GD
C Celtic 33 29 4 0 91 65
2 Aberdeen 33 21 4 8 67 35
3 Rangers 33 16 10 7 58 14
4 St. Johnstone 33 14 7 12 49 4
5 Hearts 33 12 9 12 45 8
6 Partick 33 10 11 12 41 -3
7 Ross County 34 8 12 14 36 -13
8 Kilmarnock 33 7 14 12 35 -19
9 Hamilton 33 6 14 13 32 -18
10 Motherwell 33 8 8 17 32 -23
11 Dundee 33 8 6 19 30 -20
12 Inverness 34 4 13 17 25 -30
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Dundee United Results (view all)

Dundee United Fixtures (view all)

Apr 29 2017 5:15PM : Dumbarton (H)
Scottish Championship
May 6 2017 3:00PM : Morton (a)
Scottish Championship
Vital Football Comment