Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

Levy
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

Watford FC: An Unlikely Financial Success Story?

Wed 26th Apr 2017 | Money & Finance

The business model carried out by the owners of Watford FC is unlikely to be adopted by too many sectors outside of football, but by hiring and firing a conveyor belt of managers, they have managed to...

Newcastle United & West Ham Face Tax Investigation

Wed 26th Apr 2017 | Money & Finance

Newcastle United and West Ham United have been targeted by HMRC for alleged Tax and National Insurance fraud. Officers are understood to have raided the offices at St James’s Park and the London...

Premier League Revenues Grow But Losses Return

Thu 20th Apr 2017 | Money & Finance

Premier League clubs’ revenues increased to a new record of £3.6bn in 2015/16, according to Deloitte, the business advisory firm. Analysis of the financial results of Premier League clubs...

7 Tips From The Best Online Football Merchandise Stores

Thu 13th Apr 2017 | Money & Finance

CEO, Lewis Holland and the team at DiscountIF team have been studying various merchandise stores of football clubs in the UK. This article was originally posted here. We’ve compiled a short list...