Dundee United Records £2.8 Million Loss for Year to June

Dundee United has reported a financial loss of £2.8 million for the fiscal year concluding in June, a period during which the Tannadice club competed in the Scottish Championship. This reported loss is comparable to the figure from the previous year, while the club’s turnover decreased from £8.1 million to £6.35 million. The club states that total costs have all fallen, and net liabilities dropped by almost £3 million, reaching £4.5 million. United has since returned to the Premiership after winning the second tier and currently ranks fifth in the top flight after 16 games played. Chairman Mark Ogren commented, “These accounts reflect the significant steps taken over the past 12 months to put Dundee United Football Club on a more sound and sustainable footing.” He further stated, “While a loss is never something we take lightly, it was anticipated due to our relegation to the Championship.” Ogren concluded, “With the board’s support, along with improvements in our processes and working practices, the reduction in our operating losses, and all of the positivity that comes with being back in the Premiership, we are well-positioned for further growth and improvement.”