Jimmy Fyffe ups stake to own 43% of Dundee United

Dundee United powerbroker Jimmy Fyffe
Dundee United powerbroker Jimmy Fyffe

Businessman Jimmy Fyffe has been confirmed as a significant power broker at Dundee United.

The latest list of shareholders posted by the club shows that director Fyffe now holds 42,201 shares in the Tangerines – or approximately 43% – after previously owning just five shares.

That is just 195 fewer than chairman Mike Martin, who has boosted his number to 42,396.

In July, he teamed up with Martin and two others, who have remained anonymous, to buy the stake previously held by former chairman Stephen Thompson.

Prior to his departure, Thompson had owned 51,130 shares in United and this confirmation statement shows that the lion’s share – over four-fifths – went to Fyffe, boss of local company JF Kegs and a racehorse owner.

The supporters’ society ArabTRUST have 3,230 shares.