Stephen Thompson has revealed that he will be stepping down as Dundee United chairman at the end of this season.
Although he is moving aside as the figurehead, though, there is no mention in the club statement regarding his majority shareholding in the Tannadice club.
The statement reads: “Stephen Thompson is stepping down as chairman of Dundee United, the club have announced.
“Mr Thompson, who will relinquish his post at the end of the current season, has been chairman for almost 10 years after taking over from his father Eddie Thompson who sadly passed away in October 2008.
“It was decided to make the announcement now to allow time for the board to make the decision on the way forward for Dundee United as well as ensure no distraction to the club’s battle to return to the Ladbrokes Premiership this season.”
Also in the statement, Thompson said, “It has been a real honour to serve Dundee United. I have always tried to achieve the best for the club and there have been many, many happy occasions of which I am very proud.
“The Scottish Cup win in 2010 was a high point in my and many other United fans life.
“Relegation was a profound disappointment that will never leave me but the club is in the fortunate position of having a very strong board of directors and a financial robustness that is assisted by a number of benefactors who have been very supportive through recent years.
“I also believe it is important to acknowledge our staff who continue to work tirelessly and, most importantly, our incredibly loyal fan base who remain crucial in our aims of returning to the top league.
“The most important factor right now is that Dundee United focus on winning games and securing a place back in the Premiership – without distraction about my position.”