Dundee have come out of the pandemic lockdown in profit after posting their accounts up to May 2021.
The Dark Blues may be in dire straits on the pitch, sitting bottom of the Premiership, but their finances are heading in the right direction.
That’s after posting a profit of £74,279 for the period between May 2020 and May 2021.
Though the coronavirus shutdown and subsequent empty stands hit every club in the pocket with no matchday income, Dundee’s finances were buoyed by a sizeable insurance pay-out.
On top of that, the Government furlough scheme and James Anderson’s donation to the SPFL eased the financial stress of the pandemic.
Last year, the Dark Blues cut the previous year’s shortfall by around half to £800,000 and have seen a similar effect between 2020 and 2021.
‘Laser-focused’
Speaking to the Courier last year, managing director John Nelms predicted a break-even year or small deficit after being “laser-focused” on budgets.
The numbers have in fact bettered that prediction.
He said: “I think where we are at the moment we will be near-break even, maybe a little bit of a loss (for 2020 to 2021).
“We laser-focused our eyes on budget and how to deal with everything.
“Because of the help of everyone around the club we’re on relatively good footing going forward.”
The previous year’s loss of £808,969 came on the back of a £1.8m deficit for 2018/19. That followed losses of £425,748 in 2017/18 and £354,071 in 2016/17.
