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SPL has 'cash flow problems'


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Chris McLaughlin ‏@BBCchrismclaug

#SPL cash flow problem means clubs still await vital broadcasting/sponsorship payment that was due at start of month. More soon #BBCSport

Chris McLaughlin ‏@BBCchrismclaug

The #SFL are also due to be paid by #SPL but have been told they'll have to wait. #BBCSport

the walls beginning to tumble? giruy :uk:

EDIT - new article from BBC:

The Scottish Premier League has yet to distribute cash to its member clubs and is unsure when it will be in a position to do so, BBC Scotland has learned.

Clubs were due to receive money from sponsorship and broadcasting revenues at the start of this month but have been told they will have to wait.

The delay is being blamed on cash flow problems resulting from the summer of uncertainty over Rangers.

The problem is also affecting the Scottish Football League.

It is due about £2m from the SPL for their annual settlement agreement.

Several clubs have already contacted the SPL to find out when they can expect to receive payment, but have been told they cannot be paid until the money comes in.

The SPL renegotiated its TV deals with Sky and ESPN after it was decided Rangers would start again in division three.

But the league is still waiting for payment from those deals and a number of other top sponsorship contracts.

It is understood the SPL is hoping to make a payment of some kind this month but cannot give any specific date or figure.

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wow "and is unsure when it will be in a position to do so" - looks like it may well be on the verge...

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Chris McLaughlin ‏@BBCchrismclaug

#SPL cash flow problem means clubs still await vital broadcasting/sponsorship payment that was due at start of month. More soon #BBCSport

Chris McLaughlin ‏@BBCchrismclaug

The #SFL are also due to be paid by #SPL but have been told they'll have to wait. #BBCSport

the walss beginning to tumble? giruy :uk:

PAY YOUR DEBTS!

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We've never been told the official SKY contract details though only rumours. Is it money up front? Is it the same money every year or will it be a reduced amount years 1,2 and 3 and an inrease when Rangers come back to the SPL? Don't see clubs spending money on players.

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Chris McLaughlin ‏@BBCchrismclaug

#SPL cash flow problem means clubs still await vital broadcasting/sponsorship payment that was due at start of month. More soon #BBCSport

Chris McLaughlin ‏@BBCchrismclaug

The #SFL are also due to be paid by #SPL but have been told they'll have to wait. #BBCSport

the walls beginning to tumble? giruy :uk:

GOOD.

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