The Political Economy of Football V2

Ross County lost over £1 million in 2021/22, representing £1 for every £4 of income. Losses would have been higher had it not been for a related company writing off £234k of loans. Ross County spent £800k cash more than the club generated from day to day activities in 21/22. It covered this outflow by borrowing £850k in the year. Staff numbers were up, wages down. Wages £75 for every £100 of income.     RossCounty did not sign any players for a fee and the whole squad cost £0 in 21/22.

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 ma...