Mystery businessman and fan Hugh Duncan could provide more cash to ease Dundee United’s financial difficulties in the wake of relegation.
Edinburgh-based Duncan, 78, is publicity shy but he is one of the men who helped the Tangerines take the club’s debt away from the bank by providing a “soft loan” believed to be in the region of £1.6 million.
If United were to default on that he would become owner of Tannadice, though repayments to date have been on time and the relationship between the former company director and the club remains excellent.
And it’s been suggested he could up his loan to help reduce the scale of the cut that will have to be made to survive in the Championship.
Duncan first became known to the Tannadice board in 2013 when he offered to lend money to the club that would allowe them to stave off a £600,000 bid from Sunderland for teenage defender John Souttar, who moved on to Hearts in January for much less cash.
It’s understood while more cash could be forthcoming from Duncan, he is not viewed as a potential alternative owner to chairman Stephen Thompson.
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