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Premiership-Championship, financial fundamentals

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We’re in the last week of November and one point separates Celtic, Inverness and Dundee United at the top of the table, with Hamilton a point behind.  Dundee, who put on a credible performance yesterday, sit alongside seventh placed Kilmarnock, nine points of the pace.  That’s more than half the league within nine points of the top.

Remember the day Accies relegated Hibs, and we were told how the Championship would be vastly more competitive than the Premiership this season?  There’s a nine point gap at the top of the Championship, which is the least competitive senior league in Britain.

If you were an investor in a Championship team located anywhere outside Gorgie, you might be running the numbers this morning on what another season of lower league football is going to cost to fund.  With ever-diminishing income I know one club who could need £30m investment to get them through another 18 months of Championship football.

The chances of than kind of money materialising are zero, no matter if they flog their properties.  There will also be a structural deficit, even with Premiership football, of having a massive infrastructure to support, without European revenue, of around £10m per season.

If you are a football club in Scotland with a large infrastructure to operate, maintain, police and insure, you need significant and regular European income.  The cost of funding the job to overcome domestic and European competition (all of the latter would be seeded), runs into many tens of millions.

No one has even pretended they have a viable plan to overcome such obstacles.  Hope you can find the fun in financial fundamentals.

Thanks for the feedback on Caesar & the Assassin, which is available here on CQNBookstore, but… if you go here, for an extra £1.01 you can get the book and a DVD (from Cesar (sic.), 6-2 game, Road to Seville, Birthday Bhoys Beating Barca).

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610 Comments

  1. sunny calmachie on

    Don’t think that Hugh Keevins would be spouting as much if he was still being paid his 30 pieces by the written press.

     

    Just my opinion.

     

     

    Ineedalifecfc. .

  2. Livingston fined 10K and deducted 10 points for failing to pay tax on player bonuses on time.

     

     

    Now bottom of the championship and skint.

     

     

    Good to see the Scottish football authorities are all over clubs that fail to pay taxes and are administering swift and biting punishment…

  3. Seen on twitter

     

     

     

    Tyrone Smith@TyroneSTV · 10h 10 hours ago

     

     

    A date has finally been set for the Charlie Telfer transfer tribunal – 9th December

  4. corkcelt

     

     

    If yer there before 7.45, I’ll be there to meet and greet ye. :-)) I really need to get a life. Hahaha.

     

     

    Weefra HH praying to Wee Oscar.

  5. blantyretim is praying for the Knox family on

    Lefty

     

    Is that not the date they go dead…

     

     

    Anyway with our own board wanting them back they will do nothing about it…

  6. corkcelt

     

     

    18:12 on 24 November, 2014

     

    Thanks ghuys. I’ll make my first visit next Thursday to say Hi. I’ll look out for the 6ft 10 ghuy.

     

     

    ——

     

    That’s that an tearmann Bhoy

     

     

    A veritable colossus so he is.

     

     

    If you put Weefra on my shoulders we could just about match him.

     

     

    HH jamesgang

  7. joe_joe_john_bobby_teddy on

    Willie hills quoting 1/2 on us beating sevco in the cup, thought we would be shorter than that

  8. leftclicktic

     

     

    18:53 on 24 November, 2014

     

     

    Seen on twitter

     

     

    Tyrone Smith@TyroneSTV · 10h 10 hours ago

     

     

    A date has finally been set for the Charlie Telfer transfer tribunal – 9th December

     

     

    Another classic example of Regan and the SFA ,hiding under their desks, when it comes to dealing with the huns.They told the clubs to sort it out themselves, it would need the cowards to tell the hun hordes that they are a new club.Stephen Thompson has their number, watch the huns settling before 9th December. HH

  9. the glorious balance sheet on

    Charlie Telfer transfer Tribunal Panel members-

     

     

    1. Fraser Wishart

     

    2. Michael Johnston, Kilmarnock chairman

     

    3. Jim Ballantyne, Airdrie United chairman

     

    Panel Chairperson Gregory “state aid” Campbell MP

  10. jamesgang

     

     

    We might just struggle wi that wan. :-)) Hope yer well buddy. KTF.

     

     

    Weefra HH praying to Wee Oscar.

  11. blantyretim is praying for the Knox family

     

    Same date as BDO & the unpaid creditors meeting sir :))))

     

    Seen you post about Paul McConville last night Seen him for the 1st time at a Q&A in Coatbridge KOSC ,I thought he was Phil Mac Giollla Bhains minder:)))).

     

    A gent who is sadly missed

  12. BT

     

     

    What have I done now?

     

     

    Aaaah. Just remembered!!!

     

     

    Aye. Mibbee a wee bit!

     

     

    Weefra

     

     

    Fine pal. Almost Thursday!

     

     

    HH jamesgang

  13. Wee Rhona on Reporting Scotland gets it right in an item on Naebalance leaving Sevco “once attempts to come out of administration failed”.

     

     

    Lament then mentions in the item how he left “when administration turned to liquidation”.

     

     

    Maybe that phone call complaining about Currie’s nonsense on Friday’s programme about Rangers “coming out of administration” was worth it after all.

     

     

    Now that they’ve said it, don’t let them forget it.

     

     

    Hope those responsible for the SPFL website were listening too.

  14. 67Heaven ... I am Neil Lennon ....The angels are with Wee Oscar in Heaven.. Ibrox belongs to the creditors on

    sevco board game …… Snakes & Fuds ………

  15. BT, Landing at around 3pm at Glasgow International. Hoping to be in Blane Valley about 4. After a few drinks and a quick bite of food, hope to be out around the ground 45 mins or so before kick off.

  16. Tory bassa on the One Show as spokesman on migration.

     

     

    Is stunt double for Doncaster shyster. How appropriate!

     

     

    HH jamesgang

  17. TBJ says Wee Oscar Knox is in heaven with the angels on

    Zico

     

     

    I am currently at the north coast in Goa … Ashwem beach . At this moment lying in my wee beach hut listening to the waves crash 30m away from me

     

     

    I hire a scooter and travel around .. Candolim .. Calangute .. Baga .. Anjuna .. Vagator .. Morjim .. Mandrem .. Arambol .. Querin

     

     

    They built a new bridge into Maharashtra last year so I drive up there too .. Very little tourism there and no beer but really peaceful and relaxing

     

     

    This is my tenth time here but Never been south but thinking of going to old Goa on Wednesday morning then might drive down to colva and palolem for a couple of days

  18. bigrailroadblues on

    I must thank ra berrs for a wonderful afternoon of hilarity on Saturday. Washed down with hellish amounts of alcohol and gloating. I really should’nt ye know.

  19. Drat this tweet from above link

     

     

    Avenging Angel‏@AvengingAngel10·20m20 minutes ago

     

     

    No very good at this lark :)))

  20. Stairheedrammy

     

    18:33 on

     

    24 November, 2014

     

     

    Shortbread defending the Clive Dunns is far from unbelievable. They seem to have banned the word liquidation from either the sports or news departments

     

    ————————————————

     

    Had it on in the car on the way home. Remarkable. A new club who won’t speak to them gets more coverage than the rest of Scottish football. A couple of weeks back they played Alloa. Final score 1-1. In the studio they were waiting breathlessly for news of what Alistair had to say from the post-match presser – to which they are not invited, and so had to go on second hand accounts. The presenter at one point asked whether anyone was having a word with the Alloa manager. Answer – no.

  21. TBJ

     

     

    Hope your enjoying yir hols mhate…take care on the scooter…if missus with you oan bike

     

    let her sit up front ,jus so she can see a bit of the countryside :O) HH

  22. Stefan Scepovic was suspended for “simulation” following a retrospective trial by TV. Surely the blatant dive by Law v Hrtz merits the same treatment from our compliance officer?

     

    Only sayin’ like!

  23. Stairheedrammy

     

     

    Stairheedrammy

     

    18:33 on

     

    24 November, 2014

     

     

    Shortbread defending the Clive Dunns is far from unbelievable. They seem to have banned the word liquidation from either the sports or news departments

     

    ————————————————

     

    See my post at 19:07.

  24. Jobo Mobo Baldie on

    About half an hour ago I sent the following Tweet to SSB –

     

     

    Jobo Baldie @JoboBaldie · 38m 38 minutes ago

     

    @ClydeSSB Please ask Hugh to remind me of the date that Rangers “came out of administration”. Even approximately.

     

     

    They’re probably just checking on the precise date right now…

  25. Marrakesh Express on

    Notthebus

     

     

    Over the years Keevins has been quick to call for the heads of Venglos Barnes Mowbray and Lennon, and umpteen other Scottish managers working with washers to spend.

     

    McCoist is their worst manager ever, including the 1872 club, with the second highest budget and highest wage, but old Hugh still cant bring himself to say it, even with 75% of huns wanting him out.

  26. Jobo

     

     

    He could also be asked why Reporting Scotland Sports item tonight totally contradicted his statement.

  27. Marrakesh Express

     

    19:27 on

     

    24 November, 2014

     

    Notthebus

     

     

    Over the years Keevins has been quick to call for the heads of Venglos Barnes Mowbray and Lennon, and umpteen other Scottish managers working with washers to spend.

     

    McCoist is their worst manager ever, including the 1872 club, with the second highest budget and highest wage, but old Hugh still cant bring himself to say it, even with 75% of huns wanting him out.

     

    ————————————-

     

    Shhhhhhhh! What are you trying to do?! Ally Must Stay! :-))

  28. sipsini

     

     

    19:28 on 24 November, 2014

     

    Tbj,

     

     

    Enjoy mate, you’ve earned it.

     

     

    ——

     

     

    Apparently that was exactly the same that he used as he perched his mrs on the handlebars as zoomed off!!!

     

     

    Along with, ‘VP told me to do it…..’

     

     

    HH jamesgang

  29. Craigellachie10 on

    Sportscene was bad enough last night. Defended the Boyd challenge on the basis that it was the hearts boys fault for trying to kick the ball.