Scottish Football: It's a Funny Old Business

Abstract

The last few years have been financially challenging for Scottish clubs: sustained losses, record levels of indebtedness, several clubs placed in administration. There are numerous reasons why Scottish football finds itself in this state. External factors like changes in the economics of football, in particular changes in football’s relationship with broadcasters have contributed; so too internal factors like poor financial management. While the need to adopt decision making and control procedures appropriate to the present financial circumstances of Scottish football is recognised, there is also a need for structural reform, both at a domestic and European level.