SPL clubs in financial trouble
Clubs in the Ladbrokes Scottish Premier League are facing increasing financial difficuilties according to the latest annual survey of finance directors by accountants BDO. There is a stark contrast with the situation of English Premier League clubs, three-quarters of whom state they are in a very healthy financial position.
In Scotland, two of the five clubs who were in difficulty stated that they were reliant on their principal shareholder to plug losses or cash shortfalls, and three had issued a fixed charge on their stadium as loan security.
There was strong support for representation in the English Premier League among top flight Scottish clubs. However, this has been a dream that has been pursued for many years and is likely to remain just that.