Scottish soccer’s losing streak could be at end, says report
Losses across the 12 clubs rose to £60 million (€86.6m) while debts increased to £144m (€208m) from £132m (€190m) the previous year, PWC revealed in their annual financial review of Scottish football.
"It's been another terrible year for the clubs financially, though the chairmen and chief executives are now seeking to address the situation and attempting to stem the loss of revenue," said PWC partner David Glen, author of the report. "Further analysis since the end of the 2001/2002 season shows that the SPL clubs' losses (excluding the Old Firm) are finally beginning to plateau with squads and wages being cut.
