Scotland’s top football clubs are carrying debt totalling nearly £100m. Rangers and Hearts owe about £30m each, Kilmarnock and Aberdeen approximately £9m each, Dundee United £6.6m and Hibernian £3.6m. Stephen Morrow, head of Sports Science studies at the University of Stirling, said, ‘It is difficult to see, in the current trading model that Scottish football is in, how they can find a way to pay that off. That’s not to say they can’t manage that debt.
Scotland’s top football clubs are carrying debt totalling nearly £100m. Rangers and Hearts owe about £30m each, Kilmarnock and Aberdeen approximately £9m each, Dundee United £6.6m and Hibernian £3.6m. Stephen Morrow, head of Sports Science studies at the University of Stirling, said, ‘It is difficult to see, in the current trading model that Scottish football is in, how they can find a way to pay that off. That’s not to say they can’t manage that debt. They can look after the interest payments on it but unless something changes in the structure or the finances of those clubs – or something substantial changes in their trading environment – then all they will be doing is very, very slowly bringing the debt down.’ He does not, however, expect to see a SPL club to enter administration in the immediate future. He also pointed out that the sums involved were relatively small compared to most business debts banks were dealing with.