Dundee United have responded to a recent newspaper article regarding the resignation of director John Bennett.
The following statement was made on the official web site after comments about the financial effect the resignation would have on the Club.
"John Bennett was a much valued member of the Board of Dundee United and his contribution as a Director was greatly appreciated during his tenure at Tannadice. John parted company with Dundee United on friendly and amicable terms and, as we have previously stated, we wish him well for the future in whatever business opportunity he chooses to pursue.
However, it is important to counter the statement by a newspaper columnist today that his departure will be a "blow" to the Club because he had made a seven figure investment, which had been guaranteed by Chairman Eddie Thompson. This is completely false and without any foundation whatsoever.
In common with every other Director of the Club, John Bennett had provided loans to the company at various times over the term of his directorship. The total of these loans is a fraction of the figure stated by the columnist, were not guaranteed by the Chairman and provision has already been made to repay them in full in accord with the terms of the loan agreement.
John's departure therefore, will have no material effect whatsoever on Dundee United FC.
In making this statement, we would like to make it clear that it was not John Bennett who made these factually incorrect claims and we continue to have a good relationship with him."