Scottish Premier League Pays Part of Money Owed to Clubs
By Community | August 24, 2012
The Scottish Premier League (SPL) has paid half of the money owed to member clubs, ed on top of a payment to the Scottish Football League (SFL).
The league has paid 50% of the sponsorship and broadcasting revenues, which was due at the start of August.
£500,000 has also been paid to the SFL, which is the first instalment of £2 million that is due to the league.
The delay in payment has been put down to the uncertainty of Rangers, which dominated Scottish football over the summer.
The Glasgow side was liquidated and reformed as the Rangers FC, but were demoted to the bottom tier of Scottish football.
Due to Rangers beginning life in Division Three, the SPL had to negotiate new deals with broadcasters Sky and ESPN, with no Old Firm derby against Celtic proving costly.