Stephen Thompson warns Dundee United that relegation will...

[ian1964 10,514]

...have major effect on club's finances.

 

THE Tannadice chief made the claims in a report to Companies House but says the transfers of Nadir Ciftci, John Souttar and Ryan McGowan will give them a boost.

 

STEPHEN THOMPSON has warned that relegation from the Premiership will pose considerable threat to Dundee United's finances.

 

The comments come from a report signed by the Tannadice chief in a report submitted to Companies House outlining the club's position.

 

And with just eight league games left this season, Dundee United sit seven points behind second-bottom Kilmarnock, and are in real danger of dropping out of the top flight.

 

Although the report says that the short terms aim of the club is to stay in the Premiership, it admits that it's current position is a going concern.

 

The report says: “The current league position of the football team, together with general economic and other conditions, create uncertainty in a number of areas including

 

"The likely SPFL prize monies for the current season, which will depend on the team’s final league position;

 

"Whether the club will compete in the Premiership or the Championship in season 2016/17, which would be expected to significantly impact prize monies, gate receipts and television revenues;

 

"The effect that this could have on the company’s attractiveness to potential investors and lenders as well as sponsors and corporate customers;

 

"The potential income from a successful run in the Scottish FA Cup;

 

"The likelihood of contingent receipts crystallising in respect of previous player transfers.

 

“The combination of these circumstances, including the potential need to secure additional funding, represents a material uncertainty that may cast significant doubt upon the company’s ability to continue as a going concern and, therefore, its ability to realise its assets and discharge its liabilities in the normal course of business.”

 

But better news comes on the transfer front with the report stating that fees for Nadir Ciftci, John Souttar and Ryan McGowan aren't included in the accounts, and say that it like that the money raised will boost accounts by £1.2million.

 

Read more at http://www.dailyrecord.co.uk/sport/football/football-news/stephen-thompson-warns-dundee-united-7629185#Si2EzCosWfOBdYgj.99

 

 

Tell us about it ya prick!,you,your pishy wee club,and your piss poor fans played your part in putting us out of the top league and trying to kill us off!,well you failed and Karma is sweet,I hope your pissy we club dies!,you could always merge with the big club Dundee:wanker:

[Rousseau 9,649]

Diddums...

[Yorkshire Bear 0]

Oh dear what a shame.

[ranger_syntax 3,874]

Dundee United will enjoy two bumper crowds next year when hosting Hibernian.

 

Nothing to worry about.

[ian1964 10,514]

https://www.youtube.com/watch?v=XqdqyvcJtig

[Bearman 9]

Relegation ffs?

 

Try survive from the lowest tier Thompson and see how you get on!

[RANGERRAB 3,358]

Let's hope we can give the baldy, specks one and his vile club a wave as we pass them on our way up as they 're on the way down to the Championship

[Bearman 9]

Let's hope we can give the baldy, specks one and his vile club a wave as we pass them on our way up as they 're on the way down to the Championship

 

I'd like our board to take proper responsibility in respect and behave impeccability , shake their hands on our way up, and on their way down... fart!

[compo 6,327]

Oh good aye good , good love it aye good , I don't like him .