Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Dundee United post profit

Thu 10th Mar 2011 | Money & Finance

Dundee United made a net profit of £66,000 for the year ending June 2010.

The news comes after they released their Annual Accounts today showing an improvement of £203K on the previous year.

Despite the demanding financial climate within Scottish football at the moment, on-field success, most notably the achievement of winning the Scottish Cup and finishing third in the SPL ensured the Club showed a net profit.

Turnover for the year was £6.052m, an increase of £260k over the prior year and an £2.24m increase over 2004.

Dundee United’s bank borrowing remained consistent with the previous year with the balance of the term loan remaining at £5.4m.

However, it was revealed that Directors' loans for the year increased by £300k to £435k.  

Chairman Stephen Thompson said "In extremely difficult financial times for Scottish football as a whole, it is pleasing to see the Club return a small profit for the year.

He continued, “It should be stated, however, in a season in which we won the Scottish Cup and finished third in the League, this modest profit only goes to show the harsh realities of the current financial climate within Scottish football.

“Despite the huge success enjoyed on the park, home attendances dropped by 10% in relation to the previous season. The Club remains committed to supporting Peter Houston in providing the best team possible but we also accept that any expenses incurred have to be covered by income generated.

“This is the challenge that faces us over the next few seasons. It is with the continued support of the fans that we can ensure the long term stability of the Club."

He added: "In summary, whilst the importance of the financial restrictions within Scottish football at present cannot be underestimated, the Club has, and continues to face up to its current challenges in a quiet and diligent manner.

“We will continue to monitor and pursue cost saving measures and over the months ahead the Club faces some tough decisions but, with the support of our loyal fan base, we remain totally committed to providing Dundee United supporters with both a team on the park to be proud of and also a football club run in a prudent and efficient manner."





If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

How Football Clubs Source Their Revenue

Thu 22nd Jun 2017 | Money & Finance

It will come as a surprise to no one that football is big business these days. Although players’ wages – especially at the top teams – have increased remarkably, the clubs can pay...

“Why Does Your Club Offer Discounts?” 5 Responses

Tue 6th Jun 2017 | Money & Finance

Following my article last week on the 3 observations about discounts offered on football clubs’ merchandise stores ; I wanted to share some more insight in to the merchandise space. I’ve...

West Ham United announce record season ticket renewals

Thu 1st Jun 2017 | Money & Finance

West Ham United have announced a club record number of season ticket renewals for the 2017/18 Premier League campaign. At Wednesday's 5pm deadline, over 90% of the 52,000 season ticket holders at...

Footballers, their cars, and how many minutes of play it takes to pay for them

Thu 1st Jun 2017 | Money & Finance

Online used car dealership Carspring have researched the vehicles driven by more than 250 of the world’s leading football players. With this information, along with the estimated salaries of...