Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Credit crunch takes its toll on SPL clubs

Fri 20th Aug 2010 | Money & Finance

Scottish football will fall into "a downward spiral" according to the PricewaterhouseCoopers' 21st Financial Review of Scottish Premier League.

The 12 top-flight Scottish clubs made a collective loss of GBP 22 million during the 2008/09 season, compared to a profit of GBP 23 million during the previous 12 months.

Rangers' tale of financial hardship is reflected across the Scottish Premier League and the club's annual is only GBP 39.7 million in 2009 - less than the bottom placed club in the English Premier League which will receive approximately GBP 50 million from television alone.

David Glen, author of the report, said: "In a nutshell, the SPL cannot compete financially (with England and Europe]. It is simply unable to match the transfer fees or wage demands of the top talent needed to be competitive on an international platform and, with it currently unable to generate a sufficient audience to attract the major media contracts enjoyed in other leagues, opportunities for investment are slipping away.

"The lack of, and uncertainty over, levels of income simply do not create a sound platform for investors or banks. Worryingly, unless action is taken now, it could be an increasingly downward spiral for the SPL."






If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk


Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

In Focus: Relegation. Can It Reduce Your Business Rates?

Mon 27th Mar 2017 | Money & Finance

It is that time of year again….the happy financial prospect of promotion for a few or the nightmarish vision of relegation for other clubs. So how does league status affect a club’s...

Chancellor Misses Rate-Relief Open Goal In Budget

Thu 9th Mar 2017 | Money & Finance

Rate relief for football in the community: An open goal for Government in 2017 Football clubs, large and small, will not benefit from any substantive ‘give-aways’ following the Chancellors...

Leicester City make pre-tax profit of 16.4m after winning Premier League

Thu 2nd Mar 2017 | Money & Finance

Leicester City today announced its financial results for the year ending 31 May, 2016 – a period of continued growth and unprecedented success for the Football Club. An historic, captivating...

Liverpool FC announces financial results for year to May 2016

Wed 1st Mar 2017 | Money & Finance

Liverpool FC has filed its annual accounts for the year to May 31, 2016 reporting that revenues are continuing to grow, creating further financial stability for the club. Overall revenue increased to...