Dallmeier

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

Shrewsbury Town’s Safe Standing Crowdfunding Campaign Success

Tue 17th Oct 2017 | Money & Finance

In an historic achievement, Shrewsbury Town Football Club are one step closer to being the first club in England and Wales to introduce safe standing at their Montgomery Waters Meadow stadium,...

Average Premier League Ticket Costs £32

Fri 13th Oct 2017 | Money & Finance

The average price of watching a Premier League match costs £32 according to research released today. The Premier League, working with professional services company EY, has conducted in-depth...

FC Barcelona to become world’s top earning sports club

Thu 12th Oct 2017 | Money & Finance

FC Barcelona announced on Wednesday the financial reports that it will present at the Club’s Ordinary General Assembly on 21 October, when it will share the annual report with member delegates...

Premier League clubs must sell over 2 million tickets to earn back total transfer spend this season

Thu 5th Oct 2017 | Money & Finance

Each year, the summer transfer window is the most highly awaited time of year for football fans, and clubs alike. It's an opportunity to sign top-quality players to heighten the club's chances of...