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Scottish Premier League

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What is the point of Dundee United?

This might seem an odd question to ask, at least from the viewpoint of the club's fans.   If nothing else they exist to compete with Dundee whose ground is on the same street and overlaps with theirs.

However, the point of this article is that under owner Stephen Thompson everything has been made subservient to a business model at the expense of sporting success.   With a managerial change taking place, just what is the job description?

Celtic turn profit into loss

Celtic have turned a £4m profit into a £11m loss in the year to 30 June.  The explanation is a failure to reach the group stages of the Champions League and a reduction in transfer income.  Revenue fell by over a fifth to £51.1m.

Scottish football getting its finances in order

Scottish football is starting to get its finances in order according to the latest survey by a firm of accountants.   However, despite greater prudence, only one Premier League club expects to make a profit after player trading and depreciation.

New mascot causes social media storm

Partick Thistle don't normally get a lot of attention, but their terrifying new mascot has caused a social media storm.    If nothing else, it should put a stop to 'Partick Thistle nil' jokes.  However, if mascots are mainly meant to appeal to younger children, this one doesn't fit the bill.   It would probaby give them nightmares.

Rangers reject takeover offer

The Rangers board has rejected a takeover offer from American Robert Sarver who has an interest in the NBA side Phoenix Suns.   The Suns have not done outstandingly well, but Mr Sarver is also a banker.  He is chairman and chief executive of Western Alliance Bancorp.   It is a small bank based in Arizona despite the rather grandiose title, but the shares have gone up 600 per cent in five years.

Dundee United in profit - again

It is not that often that a football club records a profit, and even remarkable when they achieve in four of the last five years.   But that is what Dundee United have done with a profit of £1.218m in the year to June 2014.  These figures do not take into account millions made in the transfer market over the summer.

Motherwell fans close to takeover

Motherwell fans are confident that they are close to taking control of the club.   They have not raised quite as much money as they hoped, but retired businessman Lee Hutchinson has stepped in to help them.

The club has made losses of £780,000 over the past two seasons and is expected to record another loss this season, so there is a big financial challenge ahead.

Aberdeen to clear debts

Aberdeen FC will be virtually able to clear debts that have hampered them for years as a result of a generous intervention by a local civil engineering company.   W M Donald want to put something back into the community and will reduce debts of £15.9m by £14.49m.   The cost of servicing the debt was £500,000 a year.

Financial fair play scores own goal

We have long argued that financial fair play could have unintended and perverse consequences.  This view is supported by the latest authoritative annual survey of football by accountancy firm BDO.  The survey found that few clubs thought the rules were having the desired effect.

Liquidation threat lifted at Hearts

The threat of liquidation has lifted from Hearts after failed Lithuanian bank Ukio Bankas agreed to sell its shares in the club for a reported £2.5m.   The bank was the club's biggest creditor and held 29 per cent of the shares as well as security over the stadium.   Hearts should now be able to come out of administration before too long.