Finance Notes: Scottish Premiership Clubs To Share £4M In UEFA Solidarity Payments
Scottish Premiership clubs will receive a record £4M ($5.3M) "between them in UEFA solidarity payments." The financial boost "comes off the back of Celtic qualifying for last season's Champions League group stage" and will earn each of the 11 other top flight sides from last season around £370,000 ($488,350), with payments due Thursday. It is the "largest payment paid out to Scottish clubs" and more than double the £1.8M clubs received last year, after receiving £400,000 in '15 (Scotland DAILY RECORD, 10/18).
Burton Albion's first season as a League Championship club helped it make a pre-tax profit of almost £1.35M. The club's record profits were for the financial year from April '16 through March '17 and include most of the '16-17 season. Burton avoided relegation, "while the rewards of playing in England's second tier" saw it make £1,344,038 (BBC, 10/17).