SPL clubs ‘technically insolvent’

A LEADING financial analyst has warned that half the clubs in the Bank of Scotland Premier League are technically insolvent.

Predicted losses for the year for SPL clubs are estimated at £55 million, with the cumulative debt likely to be £190 million.

Motherwell have just exited administration while Dundee and Livingston are on their way out of the same financial situation and Dunfermline asked players to take wage cuts to prevent the same fate.