Scotland international Lyndon Dykes has kept Queen of the South in full-time football according to the club’s latest accounts.
Australian-born Dykes was sold from Premiership club Livingston to English Championship side Queen’s Park Rangers last year for £2 million.
The Doonhamers had sell-on clauses in the 25-year-old’s deal which saw the club receive a “significant six figure sum” as a result of the move.
The player’s subsequent call up for Scotland also added to the amount banked by Queens.
The windfall, which is thought to be more than £250,000, has allowed the Palmerston club to maintain full time football.
The sales of defender Darren Brownlie and winger Faissal El Bakhtaoui also helped the club through lockdown and saw the club post profits of £81,000, up from £62,000 the year before.
The figures have been revealed in their annual accounts ahead of their AGM on February 25 at Palmerston Park.
The financial review for 2019/20 states: “The club accounts show a profit for last year of £84,000 before tax.
“This is an improvement on the previous year although, for obvious reasons, this does not really compare directly with the 2018-19 season.
“We were significantly boosted shortly after the year end when Lyndon Dykes was sold to Queen’s Park Rangers by Livingston and called up to the Scotland squad.
“Clauses included in the deal when he moved to Livingston saw the club entitled to receive a significant six figure sum as a result, and this allowed us to keep the club playing full-time football behind closed doors, even before later significant government support was announced at Christmas.”
The coronavirus pandemic has hampered every football club and Queens are no exception.
Match day income has disappeared as has money generated from the Arena, King George V and Lochmaben Community Centres which have been shut since March.
The entire staff were furloughed which minimised running costs.
The club added: “However, the measures taken to control outgoings ensured that the balance sheet at the end of May remained healthy, and the government support and transfer fees received since the financial year end mean that the club has sufficient cash reserves to trade on for the foreseeable future.”
This year’s AGM will take place at Palmerston Park and will be a closed meeting.
Shareholders will be able to email questions in and the club will answer them on the club website following the meeting.
-- to www.dailyrecord.co.uk