ian1964 10,372 Posted January 23, 2021 Share Posted January 23, 2021 Dundee United owner Mark Ogren has asked fans to stump up another £100,000 to help ease their cash crisis. The American businessman has requested the Dundee United Supporters’ Foundation release a second tranche of money to fund the business. The DUSF members voted to hand over a six-figure sum back in June – and now they’ve been asked to pay another amount now. Ogren has admitted his finances are limited and asked boss Micky Mellon and his players to take wage cuts late last year. They finally agreed to that earlier this month but the club is still leaking cash, so want the supporters to invest. The fans’ group will now hold a vote on whether to hand over more funds – and also stretch a deadline for their last investment to be put into a youth academy project by 12 months. Ogren spoke to the DUSF in December and laid bare the dire financial situation at Tannadice. In an email to their members, they said: “Mark Ogren addressed the meeting and outlined the serious financial impact that the pandemic was continuing to have on the club’s budget as a result of the huge reduction in income following lockdown and fans not being allowed into games. “This, coupled with the high cost of implementing the Covid-19 protocols necessary to allow football matches to go ahead under closed doors, is threatening the current operation and structure which has been put in place to take the club forward. “Mr Ogren said that United were in a unique situation in that he had invested a lot more money than he expected to win promotion and he did not have a contingency fund to draw on for the unforeseen Covid-19 crisis and the drastic reduction in income that this has caused. “In light of the current situation Mr Ogren asked the DUSF members to consider… “1 – A twelve month extension to the timescale detailed in the June 2020 partnership agreement with DUSF for work to start on the funded youth academy project. “2 – A request for the transfer of another tranche of Foundation money as a one-off payment to assist recovery from the Covid-19 crisis not tied to a future capital project. “Following discussions with members at the AGM, the [DUSF] steering group decided we should ballot members on those requests. “Therefore, during the last few weeks we have been drafting a funding proposal to transfer up to £100,000 to the club to assist during the current crisis and we have now agreed a formal proposal that the DUSF steering group are now inviting members to vote on. “We have always considered that the Foundation money should be used to build something that was sustainable and that would become an integral part of the club’s future. “That still remains one of our main aims. “However, we appreciate the unprecedented financial climate the club is now operating in and we understand why the club is asking for the foundation to offer financial assistance now to help the club through this uniquely difficult period. “We also recognise the reasons why capital expenditure projects have been suspended currently which is why the club is asking for an extension to the original agreement. “Therefore we are opening up a ballot of members to allow members to vote on the funding proposal.” https://www.thescottishsun.co.uk/sport/football/6548107/transfer-news-live-rangers-celtic-hibs-aberdeen-hearts-deals/?utm_medium=Social&utm_source=Twitter#Echobox=1611398235 0 Quote Link to post Share on other sites More sharing options...
compo 6,073 Posted January 23, 2021 Share Posted January 23, 2021 I think a lot of clubs are going to have cash problems before things get back to normal if they ever do . 0 Quote Link to post Share on other sites More sharing options...
Bill 13,717 Posted January 23, 2021 Share Posted January 23, 2021 3 Quote Link to post Share on other sites More sharing options...
Ieatbats 49 Posted January 28, 2021 Share Posted January 28, 2021 If ever a club deserves to die it is Scumdee Utd 0 Quote Link to post Share on other sites More sharing options...
26th of foot 5,825 Posted January 28, 2021 Share Posted January 28, 2021 Reading about Dundee United's financial woes prompted an investigation of the Twitter feed of the world's biggest Tangerine Terror fan, Jum Spence. We know Dundee is a three club city because Jum told us so in his Courier column. As Rectum of Dundee Uni' and remember he is Rectum to ALL undergraduates, Jum does post plenty about United, Dundee, and ra Sellik. Constantly, he feels the need to tell readers his older brother is a big Hoops supporter. Anyways, Jum has posted congratulations to his fellow United supporters for handing over a second tranche of £100,000 to the club, quite right too. We know Jum hates Rangers and I thought since he is Rectum to all, he must occasionally mention the famous. I remember the last time I looked, after our 1-2 victory at Tannadice, he was obsessed with Rangers, to be exact, obsessed with Alfredo and ensuring Compliance Officer action. Thus, it took 15 minutes to plough through the stuff mentioned above, his promotion of earners he is involved with ie Podcasts, mass timings, musings of the Pope, daily playlists, concern for police officers, promotion of Dundee culture, ................... etc; and finally I found it. It's a fortnight old and it's a screen shot of Motherwell's Twitter feed, a splash of claret and amber declaring the half time score at Fir Park, 'Well 1 - Rangers 0'. Jum leaves us on tender hooks, he doesn't even provide the full time result. Awe Jum, Rectum to all whilst exhibiting bitter emotions. Still, it keeps you warm in bed at night. 2 Quote Link to post Share on other sites More sharing options...
CammyF 6,753 Posted January 28, 2021 Share Posted January 28, 2021 Oh dear, what a shame.... 1 Quote Link to post Share on other sites More sharing options...
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