SPL profits take a serious nosedive

FALLOFFS in sponsorship deals, a drop in player transfer sales and an 11% slide in attendance figures meant a loss of £22 million (€26.7m) at the Scottish Premier League (SPL) last season.

This compares with a profit of £23m (€28m) in the previous season, according to financial review of the SPL by PricewaterhouseCoopers (PwC).

Analysts said the league will have to adapt to survive as the figures showed net debt crept up by £11m to £99m with income falling by 15% from the previous season’s record high of £198m to £167m.