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Scottish Premier League

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Financial boost at Celtic

Celtic have reported a big boost to their turnover and profits in the six months to December 2012.   The profit from trading was just under £15m compared with a near break even figure of £0.18m in the same period last year.   Turnover increased by 71 per cent from £29.27m to £50.06m.  Net bank debt fell from £7.05m to £130,000 making the club virtually debt free.

Slim profit for Kilmarnock

Kilmarnock made a trading profit of £11,384 for the year ended 31 May 2012, down £186,597 from the previous year.   In the present state of Scottish football, any surplus reflects credit on the club concerned.

Kilmarnock's net debt rose by £83,000 to £9.84m.    This is less than the value of Rugby Park at £11.3m. Turnover went up by £300,000 to £7.4m.    Player and staff costs were just over £3.5m, a figure that has been stable for four years.   This is less than 50 per cent of turnover, a recommended target that few clubs achieve.

Hearts hit by new sanctions

Hearts have been hit by new sanctions after they failed to pay bonuses and appearance money to players and coaching staff and also failed to tell the Scottish Premier League (SPL) 'in a timely manner' about their latest financial shortcomings.   They have been handed a further registration embargo by the SPL.

Hope for Hearts as the year ends

It's been a tough few months for Hearts on the financial front with the club being threatened with liquidation at one stage,  Although challenges remain, the picture is brighter as the year draws to a close.

Fan takeover at Hearts?

Supporters Direct will meet with Hearts for a fifth time today in a bid to persuade Vladimir Romanov to sell to a fan-based group.

Earlier in the week a £4.5m bid for the club by a consortium of unknown investors headed by Angelo Massone.  He was in charge at Livingston in a disastrous spell which nearly brought the club to its knees.

How Hearts lost their heart

I developed a serious interest in football in 1953 when I started to go to matches at Charlton with my father.   As my knowledge of the game developed, it became apparent that Scottish clubs often did not have obvious geographical names like their English counterparts.   Given his Scottish ancestry, my father made sure that I followed football north of the border.

Hearts on the brink

The long drawn out saga at Hearts may be entering its final phase with the possibility being raised that the club might play its last game against St. Mirren on Saturday 17 November.   In a letter to fans, the club has said 'This isn't a bluff, this isn't scaremongering, this is reality.'

For the third time in a year the club faces liquidation over unpaid taxes.   Revenue & Customs presented a winding-down petition to the Court of Session in Edinburgh on Monday over just under £450,000 in unpaid PAYE and National Insurance.

Rangers: my part in its downfall

Craig Whyte has set out a defence of his actions at Rangers in an interview with the BBC.    In particular, he makes allegations against the administrators, claiming that they knew about the Ticketus season ticket deal which enabled Mr Whyte to buy the club.

Celtic relaxed about loss and debt

Celtic are relaxed about a small profit turning into a loss of more than £7m and debt increasing by £2m.

The club's preliminary results for the year ending 30 June showed a decline in turnover to £51,34m, an increase in operating expenses of £1.93m and an overall loss of £7.37m.   The level of debt has risen from £0.53m in June 2011 to £2.77m in June 2012.

Salary problems at Hearts again

A number of top players were not paid on time at Hearts again on  Monday as the Edinburgh club encountered renewed cash flow problems.