Stephen Thompson to sell Dundee United training facility for £1 million

[ian1964 10,461]

Dundee United are set to receive a £1 million cash injection via the sale of their Gussie Park training facility to vice chairman Mike Martin.

It would represent the biggest single financial boost for the Tangerines, other than transfer income, since the late Eddie Thompson bought the club back in 2002.

In a letter to shareholers chairman Stephen Thompson has sought approval for the proposed sale to the Martin’s pension fund.

With only a 50% yes vote required and Thompson and Martin owning somewhere in excess of 80% of United shares, that is no more than a box ticking exercise.

That means the cash looks to be on its way and the immediate effect should be to secure United’s immediate future after a difficult couple of years following relegation from the Premiership in 2016.

https://www.eveningtelegraph.co.uk/fp/stephen-thompson-sell-dundee-united-training-facility-1-million/

[MacK1950 2,252]

At first glance at heading I thought of Whyte,Green and cohorts situation but it seems just a transfer of funds IMO.

[the gunslinger 3,366]

They must be in real trouble

[ian1964 10,461]

4 minutes ago, the gunslinger said:

They must be in real trouble

I shall refrain from giving my opinion

[RANGERRAB 3,307]

Where will they train now ?? Back down on the beach with white track suits ??

[craig 5,199]

30 minutes ago, RANGERRAB said:

Where will they train now ?? Back down on the beach with white track suits ??

May just be a sale and leaseback on preferential terms.

[BooBoo 2]

 

[Volbeater 17]

Just saw Thompson has resigned. ? 

[buster. 4,816]

Just now, Volbeater said:

Just saw Thompson has resigned. ? 

He'll have to move from the Dundee area if he wants peace 

[Volbeater 17]

1 minute ago, buster. said:

He'll have to move from the Dundee area if he wants peace 

For sure. Horrible human being. Eddie will be spinning in his grave.