A survey by accounting firm PKF has reinforced concerns about the state of Scottish football finances. Replies from club finance directors revealed that half of SPL clubs struggled to meet payment deadlines for Revenue and Customs last year. The study also showed that many clubs continue to operate under excessive debt levels with 44 per cent requiring shareholder or director guarantees for funding.
A survey by accounting firm PKF has reinforced concerns about the state of Scottish football finances. Replies from club finance directors revealed that half of SPL clubs struggled to meet payment deadlines for Revenue and Customs last year. The study also showed that many clubs continue to operate under excessive debt levels with 44 per cent requiring shareholder or director guarantees for funding.
A fall in match attendances, television income and sponsorship were revealed to be major concerns in the coming season. The survey revealed that about half of SPL clubs saw a drop in season ticket slaes in 2010/11 with 40 per cent expecting a further reduction in 2011/12. Three-quarters of the clubs are operating with a smaller first team squad.