Dundee United chairman Stephen Thompson has been in talks with regards to a possible takeover of the Tannadice club.
In a dramatic development in a long-running saga at the beleaguered club, Thompson is now willing to consider bids for his controlling shareholding in United.
He will, however, only sell if he believes it is right for the club.
Thompson, who holds over 50% of the shares, will look at a buy-out and/or investment from home or abroad for the relegation-threatened Tangerines.
Indeed, he is currently believed to be out of the country exploring his options.
Following the resignation of his sister and 33% shareholder Justine Mitchell from the board, the feeling was that Thompson was determined to dig in and see out a root-and-branch review of the club.
He even made a first move by saying he would no longer be taking his £100,000 salary.
However, there were fans’ demonstrations outside the stadium following Sunday’s dire 3-1 defeat from Hamilton Accies, a result which left United on the brink of the drop to the Championship.
Thompson was the main target of the protests and now it seems he has simply had enough and is sending out a put-up-or-shut-up challenge.
However, a buyer for Thompson’s stake in United has failed to emerge thus far and it remains to be seen if a genuine candidate will emerge even now.
Talks are still at an early stage and it seems certain any handing over of control would not take place until the summer at the earliest.
