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Dundee United 2017/2018


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20 minutes ago, Best Team in Angus said:

WTF is going on at Utd  Tayside needs its biggest club back in the Premier league its all a bit embarrassing 3-0 fae Morton all time low I would say 

Well i think the first stop would be the chairman...followed by the manager. Thompson has f***ed this team up royally.

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16 hours ago, The DA said:

I think somebody's placed a curse on us.  Get a white witch in to get it sorted.

It's called karma. You sucked up to Celtic as you thought they would look after you. But they dumped you like a cheap wh*re when they had no more use for you.

Hard lines.

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Lets not get away from the facts. There is a stark contrast in Dundee Football Club and Dundee United Football Club. 
 
-Dundee FC are in the top league in Scotland, which means more money through TV and away fans. They have players they can sell on. They have a settle board and a chairman that actually has wealth. The owner father donates his spare change to Republican party in the US.  Dundee FC don't go around asking for loans, and securing them against assets.  They sold two players last year for £750, 000 which basically covers the loss from the previous year, which is the point you are making. 
-Dundee United FC. Your auditors resigned last year. You have umpteen secured loans against Stadium, Shop etc... and unsecured loans. You are running a heavy loss in the Championship with no away fans and virtually zero TV money. You also have very few sellable players. You have players on one year contracts. For a club every 5/6 months requiring a loan to keep them going of around £250k is worrying. In fact, the handouts will run out. The Dundee United Foundation has all but failed with United supporters not signing up to help the fight. 
DUFC are basically insolvent and are totally reliant upon loans, handouts and creditors goodwill. 
Your club, Dundee United FC do have three plans. We shall call them, A,B,C to make it simple. 
 
Plan A; DUFC gain promotion into the premiership in 17/18 season. With your loans being paid back over the course of 4 years. Your aim will be to survive in that league and try to build whilst getting the debt down. 
Plan B; DUFC  fail to gain promotion into the premiership in 17/18 season. You reduce your budget by 60%. Resulting in less expenditure and staff loses. Your youth academy will be shrunk. You will let go off your St Andrews base. Your wage budget will be similar to Dunfermline FC. However you still have high debt for your level of income, with your promotion chances smaller each season.  Admin a possibility. Still reliant on loans to keep you going, unless your drastically cut the costs. Rumours of £50k-100£ loss a month. 
Plan C; DUFC put themselves into Administration. The administrator will cut the loses as much as they can. Resulting in job loses etc.. If debt can't be paid back, the debtors own the assets that it is secured against. So the following people will own the following; 
Mr A Borthwick; Car Park at Gussie Park. Gussie Park Sports Ground, Subjects Southeast of Tannadice Stadium 
Mrs C Thompson; subjects northeast of Gussie Park, subjects southeast of Tannadice Stadium, 
H Drummond: Tannadice Stadium. 
This will result in regime change, with Mr G Deuchars coming on board and maybe Mr Jamieson and the idea of a community club has been spoken about. Living in your means too. You would then rent your stadium from H Drummond. Rent your training facility from A Borthwick etc... However have zero debt and no overdraft facility. 
 Remember administration is very risk for a business that is debt laden and has no assets.  There is every chance that your company is winded up hence why 'United FC' is created by Thompson.  A bit like Rangers with Sevco. 
To give S Thompson  credit, he has foreseen this as a possibility and has Gussie, Shop, Stadium and Subjects out of the name of Dundee United FC. Yes it states Dundee United FC will be around, of course it would be just in what name though? Bit like Rangers FC under sevco. 
This is public knowledge on companies house website. A bit of googling and you will find this info. 
 


Excellent post.

Fingers in ears boys ‘lalalalala’
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35 minutes ago, Forest of Dean said:

It's called karma. You sucked up to Celtic as you thought they would look after you. But they dumped you like a cheap wh*re when they had no more use for you.

Hard lines.

What a strange world you inhabit.

Still, no matter how bad things get, I thank the gods I didn't choose to be a ***.

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1 hour ago, Gert.T.Fock said:

Well i think the first stop would be the chairman...followed by the manager. Thompson has f***ed this team up royally.

You’ll be in big trouble on here with talk like that.  Most United fans seem to think that Thompson’s only significant error was to appoint Jackie.  Most seem to  think Thompson hasn’t done not too much wrong and that Jackie’s to blame.  

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