Dundee United Football Club has reported a £2.8 million loss for the year ending June, a figure similar to the previous year. The loss coincides with the club's relegation to the Scottish Championship. Despite the financial setback, United are optimistic about the future, having secured promotion back to the Premiership and sitting in fifth place after 16 games.
Dundee United have announced a £2.8m loss for the year to June, covering the period the Tannadice club were in the Scottish Championship .
The loss is similar to the equivalent figure in the previous year, while turnover fell from £8.1m to £6.35m.United are back in the Premiership after winning the second tier and are fifth in the top flight after 16 games played. "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," said chairman Mark Ogren.
"While a loss is never something we take lightly, it was anticipated due to our relegation to the Championship. "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.
Dundee United Scottish Championship Premiership Financial Loss Football Club
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