BBC Radio Orkney

The Business

Factual: Money

Graham Stewart with the stories and issues making the news in business.

Graham Stewart with the stories and issues making the news in business from Scotland, the UK and around the world.

The Business: 16/08/2009

Discussion & Talk

16/08/2009

BBC Radio Scotland - The Business, 16/08/2009

Graham Stewart discovers why Scottish football clubs are facing so much financial gloom.

With the start of the new SPL season, Graham Stewart discovers why Scottish football clubs are facing so much financial gloom.

Presented by Graham Stewart.

On the opening weekend of the new SPL season, we examine the business of football.

As he prepares to stand down as executive director of Hampden later this year, David Kells reflects upon the turnaround in the national stadium's fortunes over the last decade, despite what he says has been a lack of support from the authorities.

While Hampden is expected to turn in a healthy profit this year, the financial prospects for many of Scotland's football clubs look less rosy. According a survey by accountants PKF, income from ticket sales, merchandise, corporate hospitality and sponsorship have plummeted this year - and that's before the reduced income from TV rights this season is factored in.

Ryan McKnight, editor of trade magazine FC Business, tells us how football clubs lack business acumen and why the governing authorities should prevent them from spending beyond their means.

Disagreeing with his analysis are two SPL chairmen: Ronnie MacDonald of Hamilton Academicals and Geoff Brown of newly-promoted St Johnstone.

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16/08/2009

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