The review, which uses publicly available information drawn from the clubs’ annual accounts held at Companies House, analyses in detail the financial state of the SPL.
The review shows that the Old Firm of Celtic (£62m revenue) and Rangers (£55m revenue) continue to be the financial powerhouses of the SPL. Meanwhile clubs outside the Old Firm have seen revenues increase by an average of 18%.
Key findings of the review include: the combined SPL debt had fallen to £129m from £184m, principally as a result of Rangers’ £52m rights issue; it is predicted that this debt will have fallen to under £100m at the end of season 2005/06 led by encouraging financial performance from both sides of the Old Firm; expenditure on wages has again fallen, and now sits below £100m for the first time in 5yrs with total expenditure of £96m; 7 out of the 12 clubs now have a wage to turnover ratio of less than 60%; for the second year running there was no net expenditure by the SPL of transfer fees.
