Sky Takes Majority Stake In At The Races Manohar Persuaded To Stay At ICC Helm Portsmouth CEO Warns Fans ECB Asks Counties To Vote For Change Australian Rugby Faces Cash Crunch Executive Transactions Emma Lax Creates We Are Disrupt Everton's New Stadium Could Host CWG Top Premier League Clubs Plot Reform Ritchie Backs Condensed Six Nations
SBD Global/February 20, 2013/FinancePrint All
The team finishing top of Scotland’s second tier could make almost £1M ($1.55M) more than it currently does under plans to "restructure the country’s football leagues," according to Grant Russell of STV. The financial distribution model for the 12-12-18 plan has been revealed by Scottish Premier League club Kilmarnock in a document released to supporters, as the SPL and Scottish Football League attempt to "push forward their proposal in time for next season." The document shows the teams finishing in the top two positions in the SPL will stand to lose a near-combined £1M, "sides finishing third to eighth taking a small hit, and teams from places nine to 24 in the country standing to make more cash." A team winning promotion to the top flight from the First Division currently makes £68,000 ($105,000) in prize money. Under the new plans, it could make £988,000 ($1.5M), should they win both the Championship and also the playoff league in the second half of the season. Teams from positions 25 to 42 under the new system stand to "make no additional money than at present" (STV, 2/19).
Second Bundesliga club FC Kaiserslautern, which recently issued fan bonds, "revealed that after only 11 days the complete bond volume has been sold," according to Jakob Kunz of GOAL. The club "has issued bonds for a total value" of €6M ($8M). Kaiserslautern Chair Stefan Kuntz said, "The result is simply sensational. I'm also glad because it was a pure FCK project, which the club has organized almost complete on its own. Now we have the basis to implement the concrete plans." The "Future Project FCK" includes most of all the upgrade of the club's youth academy "Sportpark Rote Teufel" (Sports Complex Red Devils) (GOAL, 2/18)