Blue Pitch Will Not Be Forced Out Of Ibrox AFL Clubs Rebel Against 'KFC' Tax Chime Poised To Be Sold For $546M ManU Sponsors Push For Asia Tour Betfair Hires Cubo To Handle Ad Business RFU Issues Social Media Guidelines Football League Partners With Liftshare BT Records Strong Q1 Growth In TV Agag Looks Back At Inaugural FE Season Exec: Cricket Needs More Entertainment
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
SBD Global/November 26, 2013/Finance
One In Eight Scottish Football Clubs Facing Financial Failure, Study Finds
Published November 26, 2013
WANT MORE GREAT STORIES LIKE THIS?
CLICK ON ONE OF THESE BUTTONS
FIXING THE PROBLEM: The BBC reported Begbies Traynor's Ken Pattullo "eyed one remedy." Pattullo said, "Structures, such as community interest companies and fan-based ownership, may well become an increasing part of the solution. It is hard to see what, aside from a big investment, will save these clubs from facing administration, unless they completely revisit their business models and make some fundamental changes." Celtic's finances have "again been boosted by their progress to the Champions League group stages and future Scottish champions could earn" an extra £7M ($11.3M) per year once BT Sport takes "exclusive live rights to show matches" in the U.K. starting in '15. Though Premiership rivals Hearts "are presently in administration, Dunfermline have just emerged from a similar plight that led to relegation to League One, while Championship outfit Livingston have warned in recent weeks that they came close to going into administration for a third time." BTG Financial Consulting's Alistair Dickson said, "The majority of troubled clubs in Scotland can no longer rely on wealthy benefactors swooping in as white knights. The community club model has been shown to work all over Europe, from the amateur ranks all the way to the mighty Barcelona and is an integral part of German football. The model has a real future in Scottish football" (BBC, 11/25).