Sky To Split With British Cycling EPL Reveals '14-15 Revenue Distribution Diageo Sells Gleneagles To Ennismore BCCI Mulling Performance Incentives Scudamore: FIFA Needs Businessperson Study: Wimbledon Top Social Media Slam Silverstone Expects Record-Breaking Crowd Heineken Kicks Off RWC Sponsorship UEFA Softens FFP Regulations Wimbledon Players Fearing For Safety
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).