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Tannadice owner must be realistic, say fans group

Tannadice owner must be realistic, say fans group

Fans group ArabTRUST believe they can be the organisation that facilitates a smooth handover of power at Dundee United.

But Tannadice chairman Stephen Thompson must be realistic about the price he can get for his 53% shareholding.

Some fans have called for Thompson to sell his shares for as little as a £1.

Gavin Muir, chairman of influential fans’ group ArabTRUST, has stopped short of backing those calls but does not believe the Tangerines’ supremo can expect a substantial sum to offload the club.

“The ideal scenario would be that the shareholding goes for a nominal sum to allow potential owners to invest more money in the club,” he said.

“I just hope the chairman is realistic about the value of his shares.”

Thompson is in America trying to secure new investment and has now confirmed the Tele’s revelation on Tuesday that he’s willing to sell up completely.

Like all United fans, ArabTRUST will be watching that situation closely and they remain willing to hand him a smooth exit.

But Muir has stressed his group don’t see themselves running United in the long-term, if at all.

They want the current directors to stand down and be replaced by an interim board that would be responsible for finding new long-term owners.

They wouldn’t even insist on a major presence among the temporary directors.

“All we are trying to do is offer an alternative route to a change of ownership. We want to ensure the best possible future for the club,” said Muir.

“We do not want to take over United, this could just be a constructive way out for the current board and for change to be carried out in an orderly fashion.”

The trust presently have one associate director at United and, if independent interim board members stepped forward, they wouldn’t see a need to increase their influence or become more involved in the day-to-day running of the club.

The aim is to find new owners as soon as possible. Muir admitted right now there were no firm candidates to become either temporary directors or owners.

But, if Thompson and his board stood aside, he believes that situation could change quickly.

“We do not have anything in place just now but this is a difficult situation the current board have got themselves in. This would be a way out.

“Having an interim board could see people out there who are interested be willing to come forward.”

This article originally appeared on the Evening Telegraph website. For more information, read about our new combined website.