Dundee FC has reported a loss of 2.8 million for the year ending May 2024, attributed to their first season in the Scottish Premiership after promotion. Despite a previous loss of over 892,000 while in the Championship, the club acknowledges this financial setback as anticipated. Increased wages and operational expenses, including major upgrades to Dens Park's pitch and staffing for their ongoing development, have added to their net liabilities, which now stand at 8.1 million. Currently, Dundee sits 11th in the league, suggesting a push for stability in their top-flight journey.
The latest accounts show that Dundee reported a 2.8 million loss in their first season back in the Scottish Premiership, a situation the club expected.
Dundee described the financial loss as anticipated, citing the need for continued investment in playing and coaching staff to establish themselves in the Premiership.
Investment in upgrading Dens Park's playing surface and increasing operational staff contributed to the financial loss as Dundee aimed for stability in the top flight.
Despite the financial challenges, the club is positioned above the relegation zone, currently placed 11th in the Premiership, showing resilience in tough times.
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