,
4 tweets,
5 min read
Read on Twitter
Thanks to my good chum @BillRockSport for pointing me to the publication of #DundeeFC accounts yesterday. Income up 12.5% in what was a fairly good season for most Scottish clubs, whose total income of other 8 who've reported was less than that of #CelticFC 
Main cost for clubs is wages & #DundeeFC had 7.4% increase. Paying £78 wages for every £100 of income. Speaking to @Deloitte recently & they said UEFA is concerned at any club where wages/income is greater than 70% so all clubs in SFL okay apart from Dundee & #RangersFC
#DundeeFC made losses of £18,000 a week last season pre player sales, which reduced losses by £530k. Most clubs lose money in SPFL & rely on owners and occasional player sales to underwrite the losses
#DundeeFC owed £1.5 million to Football Partners Scotland at 31 May 2018 but the lender effectively wrote off £500k of this in August by converting into shares.
