Results positive but Murray downbeat

Rangers chairman David Murray insists Europe remains the only avenue for top Scottish clubs to increase their income on the day that the Bank of Scotland Premier League produced its best financial results in a decade.

For the first time since the early 1990s SPL clubs are now collectively in profit, albeit a modest one of £2.8m (€4.1m), according to the 17th Annual Financial Review of Scottish Football, published by PricewaterhouseCoopers LLP.