Dundee United have posted a record profit of nearly £4 million for the last financial year.
The Tannadice club’s annual accounts for the period to June 2015 have revealed a net profit of £3.94m, an increase of some £2.7m on the previous year.
This represents the largest profit since the club was founded in 1909 and also the fifth time they have reported a profit in the last six years.
The substantial profit includes the millions brought in from the sales of Ryan Gauld, Andy Robertson, Gary Mackay-Steven and Stuart Armstrong.
A statement from United read: “These figures continue the significant improvement when compared to the previous 12 years, a period when the club recorded only one profitable year.
“The profit for 2015 was underpinned by a 4% increase in revenues to £5.82m, reflecting positive on field performance with the club securing a top six finish for the eighth consecutive year and a second consecutive domestic league cup final in reaching the 2015 League Cup Final.
“Successful player trading enabled the club to reduce its net debt, which stood at £7.3m in 2007, to £1.28m in a further step in the club’s strategy to reduce net debt.”
United are of course in a perilous position in the Premiership and next year’s accounts could have an entirely different look to them.
They will also factor in the pay-offs of manager Jackie McNamara and his coaching staff.
The statement continued: “It is noted that the club continues to spend more than it generates in income.
“The operating loss for the year was £799k and only successful player trading can sustain such losses.
“Much work continues to be done on identifying and implementing reductions in operating expenses and the value of this work should be reflected in forthcoming results.”