Having revealed he'd filed for bankruptcy on a live radio show last month, the extent of former Dundee United chairman Stephen Thompson's debts have now been laid bare.
Thompson had a very public feud with Rangers supporters over a decade ago when, while in situ at Tannadice, he expressed a clear lack of support for the Ibrox outfit during their 2012 financial plight.
During this time, Thompson was also a key figure in ensuring Rangers moved to the bottom tier of Scottish football following administration.
In November this year, Thompson revealed he'd filed for bankruptcy on BBC Radio show Off The Ball.
As now reported by The Courier, the 59-year-old was granted sequestration – the Scottish term for instigating the process of bankruptcy – on December 18.
According to documents seen by The Courier, Thompson's debt reportedly stands at £881,833 – a figure in part down to an ultimately unsuccessful business venture, Eddy’s Food Station.
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Speaking on Off The Ball last month, Thompson said:
“I've kind of hit rock bottom to be honest. I signed a petition for bankruptcy yesterday which isn't a great place to be in life.
“The stores were making money but we started out at the wrong time. I'd like to get back in football but it's not easy to get back into.
“I had 17 of years of my life in football. It’s what you know, it’s in your blood.
“I watched United since I was four years old so I’m a football guy. I feel I’ve got something to offer. We had a lot of success at Dundee United, I know it didn’t end well.
“I sat on the league board for six years, done transfers fees, sell on clauses so I know how it works. You’re on a steep learning curve at the start but you don’t forget it and I feel I’ve got something to offer someone.
“I was damaged by it but not now. It certainly affected me for a while. Living in your home city, and Dundee isn’t huge, is tough for anyone who owns a club. But it is what it is. I was damaged for a wee while but you get over that.
“It was a bit of a roller coaster. We went from winning the Scottish Cup to getting relegated so you can’t get higher and lower than that.
“I love the club but it didn’t end the best way. It was a hard act to follow in the footsteps of my dad - and he left me with £7.2million of debt as well which was fun. We got it down to £1m.”
