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Scottish football in good financial health

Scottish football is in good financial health suggests this report authored by finance expert Kieran Maguire: Scottish clubs

A key indicator is that the Scottish clubs examined spent only £53 on player wages for every £100 of revenue, very close to the recommended level of 50 per cent. This compares with an average of £67 in the Premiership and a mouth watering £101 in the Championship.

The article singles out Kilmarnock for praise, managing to make a profit on a small turnover (they have been helped by the return of Rangers to the top flight which boosts attendances). There is, however, a big discrepancy in revenue: Celtic earn £18 for every £1 earned by Kilmarnock.

The article is just about leading clubs. Those in the lower divisions have budgets equivalent to non-league clubs in England.

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