Dundee United F.C Annual Report - Year Ending June 2025

A return to the Premiership brought record revenue, alongside major reductions in costs and losses.

Dundee United, October 2025: “The accounts show a continuation of the positive trend that has prevailed since the restructuring of Senior Leadership at the club in 2023 and also represent the club’s desire for long-term financial sustainability.”

Dundee United have today released their annual financial report for the year ended June 2025. This was a largely positive release, with several good news stories - as highlighted by the infographic released by the club.

The Dundee United annual report highlights as released on their website.

With Dundee United returning to the Premiership after a season in the Championship, many of these figures were always likely to show improvement. Even so, this is an encouraging set of accounts that highlights genuine progress since the club’s senior leadership changes over two years ago. The following analysis takes a closer look at Dundee United’s 2024/25 finances, comparing key metrics all the way back to 2015.

As most of the Premiership clubs are yet to release their figures for the financial year 24/25, this article will mainly compare Dundee United to their own previous financial performance, rather than to the rest of the league. However for a look at the previous financial year, you can go to the Scottish Football Radars to see how the clubs compared for some key financial metrics for last season 23/24.

Dundee United’s “Scottish Football radar” for 2023/24.

This article will cover in great depth:

• Record turnover

  • Increased football income & commercial income

• Ten consecutive years of losses…

  • …But down on previous years

• Wages

  • A top six wage bill & United’s second highest ever

  • Vastly improved wages/turnover ratio

• Player sales & youth players

  • Reliance on youth academy

• Ownership

  • Money owned to the owner up from last year

• HMRC R&D Tax claim

  • Provision made

  • This year’s post-tax loss affected

Please take a 7-day free trial to continue reading this article. From there you can finish this article and read any of the existing 200+ posts on the website, before deciding if you think £20 per year represents good value for my time and effort.

---

TURNOVER

Throughout the article, all charts will have an asterisk after the year if it represents a Championship season rather than Premiership, e.g. 23/24*.

Dundee United broke the £10m turnover barrier for the first time in their history. It’s a substantial 64% increase from the £6.4m they brought in during their Championship winning season, and up on the £8.1m and £8.3m they recorded in their final two years in the top flight before relegation. It puts the Tangerines firmly in the top six in terms of income amongst Scottish Premiership clubs, but as explored in detail on this website - they will still significantly trail the top five clubs. Their record revenue is still less than half the recent turnover figures of both Aberdeen and Hearts.

The revenue of last year’s 12 Premiership clubs, but from the previous financial year (2023/24) - when DUFC were in the Championship. Using outdated figures as 10 Premiership clubs are still to release their 2024/25 figures.

Dundee United’s income can be broken into three broad categories: