Dundee United’s latest set of accounts have confirmed the club made a profit of £1,218,379 in the year ending June 2014.
That compares favourably with the plus £319,115 the Tangerines posted the previous year and means they have now been in the black in four of the last five financial periods.
However, in the strategic report that accompanied the figures, there was a warning that: “This success must be tempered by the fact that recent financial performance was only possible through effective player trading and in the case of this period a mutually beneficial buy-out agreement with the bank.”
The report added: “The club must therefore aim to strike a careful balance between managing costs such as administrative expenses and wages, which rose 18% and 8% respectively, and delivering a team capable of competing for silverware at the highest level in Scottish football.”
The £1.2 million profit figure does not include the big-money sales of Andrew Robertson to Hull City or Ryan Gauld to Sporting Lisbon, with that transfer cash appearing in the next set of accounts along with the £2 million received for the double sale of Stuart Armstrong and Gary Mackay-Steven to Celtic at the end of the January window.