| And without Thompson senior’s multi-million pound investment, United’s very existence could have been in doubt.
Even before Eddie lost his long battle with cancer last month, Stephen was effectively in charge at Tannadice, and last week saw him confirmed as chairman.
And, he believes, he has taken on that task with United in a far stronger position than it was when his father assumed control late in 2002.
“I think my father’s biggest legacy was bringing some stability back to the club and left me in the nice position of being able to think in terms of maybe winning a trophy.
“We took over in September 2002 and that year the club lost £2.8 million. If it kept going at that level it would have been a big problem.
“There is still work to be done, but now, realistically, we can say we want to be in the top six on a regular basis. Certainly that, and challenging for trophies, hopefully winning some, are things we can think about.”
Those words are not designed to put pressure on team boss Craig Levein and the players, and they come with an acceptance of how difficult challenging near the top in Scottish football can be for a provincial club like United.
“We do have to be realistic. We are up against Celtic and Rangers and the game has changed so much, but I think there is a chance of us winning something.
“I think if you look at United in the last 10 or 12 years, they have been fighting relegation most seasons — and we’ve been here and made mistakes — so to be where we are now is progress.”
Over the coming weeks and months, things will be put in place to keep the club on that sound footing.
A couple of new board members are likely and new training facilities are in the pipeline, but there is no question about the main “to do” — hanging on to Craig Levein.
His contract is up next summer, but the new boss is determined to see him staying on beyond then.
“Working with Craig is great. No disrespect to any of his predecessors, but I see him as working at a different level to them,” added Stephen.
“I get on well with him and my No. 1 priority is to keep Craig here as long as I can. I do believe he is destined for higher things in the game, but, hopefully, that is a few years away.”
And giving the manager space to do his own thing could be the key to hanging on to him.
“There are chairmen who go down to see managers before the game — I can’t understand that. I leave him to get on with things and, unless there is something absolutely urgent, I won’t see him before games.
“He is left to get on with his job and I think that is maybe part of the reason why he enjoys his job. We need to make money available for him, that’s obvious, but I do believe enjoyment can be a reason why he stays. I do know he is happy here and maybe that is the first time he been like that in management for four or five years.” |