Stephen Thompson resigns as Dundee United chairman
Last Updated: 02/03/18 12:21pm
Stephen Thompson has resigned as Dundee United chairman and will be replaced at the helm by Mike Martin.
Thompson confirmed he intends to dispose of the bulk of his current shareholding during the next few months as he pursues other business ventures.
Martin, who recently acquired over a 30 per cent shareholding in the club as well as completing last week's purchase of the GA Arena, said: "I know that Dundee United has excellent potential and when the opportunity arose to purchase a significant shareholding in the club I saw it as a real chance to contribute more effectively to the challenge of turning round the club's fortunes.
"Being elected chairman puts me in a position to further influence the change of direction required to revive the fortunes of the club, working alongside my experienced and committed colleagues in the boardroom.
"It is clear that Dundee United benefits from an excellent staff and arguably the most loyal and passionate support base in the country. We have all experienced pain in the recent times but I ask all fans to judge me, as chairman, on my actions and get behind the club as we look to ensure a bright long-term future."