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| SPL accounts show fall in income | SPL accounts show fall in income |
| (35 minutes later) | |
| The Scottish Premier League (SPL) has reported a 6% fall in revenues in its latest accounts. | The Scottish Premier League (SPL) has reported a 6% fall in revenues in its latest accounts. |
| The figures, which cover the year to May 2012 and do not take into account Rangers' drop out of the top league, show income at £21.4m. | The figures, which cover the year to May 2012 and do not take into account Rangers' drop out of the top league, show income at £21.4m. |
| Pay and benefits for the SPL's board of directors increased by 16.5% on the previous year to £200,000. | Pay and benefits for the SPL's board of directors increased by 16.5% on the previous year to £200,000. |
| The SPL said a new five-year television deal was a sign of improved future finances. | The SPL said a new five-year television deal was a sign of improved future finances. |
| Scotland's top league saw the amount of money distributed to its member clubs fall by £1.6m, a drop of about 9% on the 2010-11 season. | Scotland's top league saw the amount of money distributed to its member clubs fall by £1.6m, a drop of about 9% on the 2010-11 season. |
| The SPL's directors said: "The tough economic climate within which the company (SPL) has operated in recent years looks likely to continue for some time. | The SPL's directors said: "The tough economic climate within which the company (SPL) has operated in recent years looks likely to continue for some time. |
| "This is exacerbated by the absence of Rangers FC from the league competition for several seasons ahead. | "This is exacerbated by the absence of Rangers FC from the league competition for several seasons ahead. |
| "New arrangements were negotiated with Sky Sports and ESPN which are expected to provide an increase in revenues from domestic live television broadcasting of 25% over the next five years." | "New arrangements were negotiated with Sky Sports and ESPN which are expected to provide an increase in revenues from domestic live television broadcasting of 25% over the next five years." |
| In July 2012, the SPL signed a new five-year TV deal with Sky and ESPN. Last month, BT Sport agreed to buy ESPN's UK and Ireland TV channels. | |
| The league's current sponsorship deal with Clydesdale Bank is due to expire at the end of this season and a replacement has yet to be announced. | |
| Scottish football is currently debating proposals to reorganise the league set-up, with the proposals including the merger of the SPL and the Scottish Football League into one body. | Scottish football is currently debating proposals to reorganise the league set-up, with the proposals including the merger of the SPL and the Scottish Football League into one body. |