Dundee United are set to receive a £1 million cash injection via the sale of their Gussie Park training facility to vice chairman Mike Martin.
It would represent the biggest single financial boost for the Tangerines, other than transfer income, since the late Eddie Thompson bought the club back in 2002.
In a letter to shareholers chairman Stephen Thompson has sought approval for the proposed sale to the Martin’s pension fund.
With only a 50% yes vote required and Thompson and Martin owning somewhere in excess of 80% of United shares, that is no more than a box ticking exercise.
That means the cash looks to be on its way and the immediate effect should be to secure United’s immediate future after a difficult couple of years following relegation from the Premiership in 2016.
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Stephen Thompson to sell Dundee United training facility for £1 million
