SPL's 144 million pounds debt, losing 60 million pounds in 2001-2002

[pc4th]

http://soccernet.espn.go.com/headlinenews?id=278286&cc=5901

things are turning around according to the article.

Debts continued to spiral in the Scottish top flight for the season 2001-2002 to a record £60million in combined losses for all 12 clubs.

SPL clubs' combined net debt has risen for the 14th consecutive year to £144million from the previous year's total of £132million.

The total wage for the 12 top-flight sides was a new high of £113million.

Attendances continued to drop during the year under review with figures dropping by an average of 825 spectators per club, per week.

Some great information in this article. 12 teams with 113 million pounds (mostly for Rangers and Celtics). However, the average team salary is about 9.4 million pounds. 1.55 pounds conversion = 14.6 million dollars.

[RichardL]

Originally posted by pc4th

Attendances continued to drop during the year under review with figures dropping by an average of 825 spectators per club, per week.
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surely at that rate most of the clubs will be playing to crowds of zero by the end of next month.

[pc4th]

Originally posted by RichardL
surely at that rate most of the clubs will be playing to crowds of zero by the end of next month.

they will be in negative territory soon.

(just linking the article and that is what they have)
Attendances continued to drop during the year under review with figures dropping by an average of 825 spectators per club, per week.

So why is the SPL in so much debt? Or losing so much money? Anyone care to venture a guess?

NASL would be my answer with Celtic and Rangers being the Cosmos and everybody else catching up trying to compete.

[Parkhead_Faithful]

FFS, rangers debt alone is 80 million, probably more but for ibrox book cooking
does that put it in a little more perspective??
Its not the league losing money its 12 individual clubs, adding it up means nothing.

[RichardL]

One thing that has been expensive for Scottish clubs is the rebuilding of their grounds to be all-seater. In many cases that has meant rebuilding on at least 3 sides. I don't think any of them have any more rebuilding to do, so that's one expense they won't have to worry about any more, unless they went into debt to do it and are being crippled by the interest.

[Parkhead_Faithful]

That is what killed a lot of first division clubs, airdrie being the prime example,because of the frankly daft 10000 seat mimimum rule they invested in the stadium at the expense of the team and then couldnt get into the top flight eventually going into recievership, falkirk on the other hand invested in the squad won last seasons first division and then were denied access to the SPL because their ground wasnt up to it, catch 22.
Most SPL clubs for the past few seasons have started to live within their means and pump out the youngsters again, thats the way it always was before the early 90's, so hopefully in the long run it will benefit the national team too.

[diablodelsol]

Originally posted by Parkhead_Faithful
That is what killed a lot of first division clubs, airdrie being the prime example,because of the frankly daft 10000 seat mimimum rule they invested in the stadium at the expense of the team and then couldnt get into the top flight eventually going into recievership,

Is the 10,000 min an SPL rule, or UK? What about all-seaters in the top-flight? SPL or UK?

[RichardL]

Originally posted by diablodelsol
Is the 10,000 min an SPL rule, or UK? What about all-seaters in the top-flight? SPL or UK?
SPL rule. It'd be a bit daft applying it to the League of Wales where a crowd over 200 is considered large, literally. Same goes for Northern Ireland, although they get rather more.

There are no premiership minimum stadium requirements at all. There is a football league minimum of a capacity of 6000 and 1000 seats, with the clubs closest to that minimum being Doncaster (7000 cap/1200 seats), Kidderminster (6500/3000), Boston (6500/2000) and Macclesfield (6500/2500). If they somehow got promoted 3 times each, they would be let into the premiership. There is a ruling though, that you are only allowed to have terracing for three years once promoted to Division 1.

[Parkhead_Faithful]

Originally posted by diablodelsol
Is the 10,000 min an SPL rule, or UK? What about all-seaters in the top-flight? SPL or UK?

Its a requirement put in place by the SPL brass, to be admitted to the SPL a club must have a 10,000 all seater stadium or be very far along in the planning stage for one or else you dont get promoted.