Dundee have revealed a £2.8 million pound loss in their latest set of financial figures.
The newly promoted club today released their financial results for the period between May 2022 and 2023.
The accounts shows losses of £2,862,820, with the club’s salary spending dropping from £3.2m in 2022 to just over £3m in 2023.
Dundee’s financial statements said: “The company has made a loss for the year of £2,862,820 (2022-£892,440).
“At the year-end, there was a deficit of £6,249,728 (2022-£3,392,308) of shareholders’ funds.
“The board of directors has received an undertaking in writing from Football Partners Scotland L.P. that it will continue to make additional funds available to the company in situations where these funds are required.”
A statement on the Dundee website read: “The accounts for the year ending 31st May 2023 have been approved and signed by the directors.
“With the dedication of the owners to get promoted from the Championship we kept a Premiership budget with a Championship income.
“This resulted in a financial loss but this was expected in order to return Dundee Football Club to Scotland’s top flight.
“Football Partners Scotland (FPS) will continue to provide the financial support for the company.”
