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Dundee United document £3.7m loss & dapper turnover deficit

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Mark Ogren

Designate Ogren took defend watch over of Dundee United in December

Dundee United trust recorded a lack of £3.7m throughout the final 12 months.

An annual doc for shareholders runt print a deficit of £3,759,220, compared to £218,993 for the outdated 12 months, even regardless of the plain reality that the 2018 determine grew to become as quickly as lowered by £1.4m of sell-on charges.

Wage prices, along side pensions and social security contributions, additionally got here in at £4,159,060, 133% of an annual turnover of £3,124,236.

That determine has been inflated by a 39% wage amplify of £1.13m.

“The fairly numerous loss emphasises the extent of economic funding made by Designate Ogren to the membership,” acknowledged a board commentary in come of Tuesday’s annual total assembly.

“[It also] includes the prices linked with enterprise the restructuring that grew to become as quickly as required, along side a full overhaul of the first-crew having fun with squad and coaching staff, and restructuring the academy.”

Ogren took a controlling half in December nonetheless the membership did not discontinuance promotion to the Scottish Premiership.

Presently, the Tannadice aspect sit down three elements clear on the stop of the Championship after 10 video video games, with administrators insisting the American will proceed his monetary backing of their quest for the stop flight.

“The efficiency of the crew in latest years has resulted within the agency making main monetary losses, which trust required massive funding to succor the agency as a going growth,” the doc acknowledged.

“The primary threat to the commerce is due to this fact the most probably of the crew closing throughout the Championship for a continual interval of time.

“The weird house owners are devoted to providing the numerous funding to the membership to succor it as a going growth throughout the Championship, and as properly to supply the platform to toughen the crew’s potentialities of promotion to the Premiership.”

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