Skip to main content

The financial hit on Scottish clubs

The financial hit being taken by medium-sized Scottish clubs is illustrated by the case of Dundee which has already lost half a ,million pounds because of the pandemic and expects to see its revenues halved next season: https://www.thecourier.co.uk/fp/sport/football/dundee-fc/1386425/breaking-dundee-reveal-500000-revenue-hit-and-warn-of-difficult-conversations-ahead/

The Scottish Championship is not scheduled until October and even then fans may not be allowed back into grounds.  That may not happen until 2021.

The small Scottish clubs, which are the equivalent of non-league clubs in England, can probably be survive with donations or share purchases from fans.   For example, Arbroath have passed £75,000 on their Supporters Wall fundraiser and have been left speechless by the level of fan support.

A Hibs supporter told me: 'After Celtic and Rangers (admittedly a long way after) they have the largest home gates in Scotland and should survive the crisis. Hearts have about the same level of support, but are in more serious trouble because they face relegation unless their petition to the Court of Session is successful. After the two Glasgow and two Edinburgh teams, Aberdeen has the strongest support, but beyond those five regular home attendances are very small indeed.'

Aberdeen have been reported to be burning through £1m a month and have lost £8m due to the crisis.  Wage cuts are being discussed with players.

Comments

Popular posts from this blog

Wolves get raw deal from FFP

  I used to see a lifelong Wolves fan for lunch once a month.   He was approaching ninety, but still went to games.   Sadly he passed away the other week. As football finance guru Kieran Maguire has noted, Wolves continue to be constrained by financial fair play rules.  Radio 4 this morning described them as this year's 'crisis club' and the pessimists have certainly been piling in. Martin Samuel wrote sympathetically in the Sunday Times yesterday, saying that the Premier League drives talent away with regulatory red tape: 'Why could Al-Hilal sign Neves? Because Wolves needed the money. And why did Wolves need the money? Because the club had to comply with an artificial construct known as financial fair play. So Wolves are going skint, yes? No. There is no suggestion that Wolves are in financial trouble, only that they are failing to meet the rigours of FFP. Wolves’ owners appear to have the money to run the club, and invest in the club, and in fact came up with a pow

Gold standard ground boosts Tottenham's income

The gold standard in European football grounds is the Tottenham Hotspur stadium in north London, a £1bn construction project completed in 2019. Its impact on the club’s finances has become increasingly clear as the effects of the pandemic have faded. Previously, the average fan would spend less than £2 inside the ground on a typical match day, but now that figure is about £16, thanks to new facilities including the longest bar in Europe and an on-site microbrewery. Capacity has gone up from 36,000 at the club’s previous home of White Hart Lane to 62,000.  The new stadium — built on land adjacent to White Hart Lane — has opened the door to a broad range of other events that have helped to push commercial income up from €117mn in 2018 to €215mn in 2022. Last year, Tottenham hosted US singer Beyoncé for five nights on her global Renaissance tour, two NFL matches, as well as rugby games and heavyweight boxing bouts.  Money brought in from football has gone up too. Match day income is

Charlton takeover approved

The long awaited takeover of Charlton Athletic by SE7 Partners from Thomas Sandgaard has been approved:  https://londonnewsonline.co.uk/se7-partners-obtain-efl-approval-for-charlton-athletic-takeover/ Charlton have had unhappy experiences with owners for over a decade, so how this works out will remain to be seen.  There is certainly potential there, but will it be realised? This interview with Charlie Methven gives detail not available elsewhere:  https://thecharltondossier.com/charlie-methven-on-the-record/