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More losses by Scottish clubs

Scottish Championship side Greenock Morton lost £75k in 2018/19 and have total losses over the years of £3.9 million, reports Kieran Maguire of the PriceofFootball. Greenock Morton’s losses would have been £575k but owner wrote off half a million off the outstanding loan to the club, which is still nearly £2.5m.

Greenock Morton expect to lose money in 2019/20 due to ‘unforeseen costs and budgeted income not materialising'. Average attendances are around 2,700.

Millions sweets entrepreneur and Morton benefactor Douglas Rae passed away in 2018. Despite his success in business, he was arguably best known as the saviour of his beloved hometown football club, Greenock Morton. Mr Rae stepped in at the eleventh hour to stop the Cappielow side going bust after it went into administration in 2001. A lifelong supporter and former director, he bought Morton to prevent it from disappearing forever and invested heavily in the club over the years.

Elsewhere in Scotland, Alloa Athletic made a £17,000 profit in 2018/19. The semi-professional club are just outside the relegation places in the Scottish Championship. Average attendances are around 1,700

The league club that is furthest north, Ross County, had operating losses of £1.4 million in 2018/19 which was offset by owner writing off loans by the same amount. Turnover was down from £4.3m to just over £3m (but 11 months). Average attendances are a little under 5,000 in the Scottish top flight.

Scottish football has structural problems which are not readily outcome, but despite various reviews, has there been a sustained attempt to tackle them?

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