The financial plight of Scottish football is brought home in the 21st annual review of Scottish Premier League finances published by PriceWaterhouseCooper. The 12 top clubs made a loss of £22m in 2008-9 compared with a profit of £23m in the previous season with the collapse of the Setanta television deal in large part to blame. Net debt was up and income down.
The financial plight of Scottish football is brought home in the 21st annual review of Scottish Premier League finances published by PriceWaterhouseCooper. The 12 top clubs made a loss of £22m in 2008-9 compared with a profit of £23m in the previous season with the collapse of the Setanta television deal in large part to blame. Net debt was up and income down.
Eight out of 12 clubs were above the recommended limit of 60 per cent for wages as a proportion of turnover. What was particularly worrying was a fall in attendances, especially marked at Celtic and Aberdeen where they were down by 11 per cent.
The underlying problem is illustrated by the fact that Rangers’ entire turnover in 2008-9 was lower than what the lowest placed English Premier League club will earn from broadcasting income alone in the coming campaign.