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SPL accounts show fall in income SPL fans criticise executive pay
(35 minutes later)
The Scottish Premier League (SPL) has reported a 6% fall in revenues in its latest accounts. Football fans have criticised the Scottish Premier League (SPL) for awarding their directors an "inflation-busting" pay deal.
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 latest SPL accounts show directors pay and benefits increased by 16.5%, despite a 6% fall in revenues.
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 finances.
The SPL said a new five-year television deal was a sign of improved future finances. But SPL Fans United questioned how the pay and benefits increase could be justified as a time when income was falling in harsh economic times.
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 league's 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, which is approved by the member clubs, increased to £200,000.
A spokesperson for SPL Fans United, a pressure group that campaigns for reform of the Scottish game, said: "I would think most fans would ask how the directors can justify that inflation-busting pay rise.
"Given the current financial climate, it is disappointing to see SPL board directors taking a 16.5% pay rise.
"Given that income is falling and many SPL fans are struggling to attend games it is unfortunate to see such rises in pay and remunerations."
'Tough economic climate'
The amount of money distributed to member clubs in Scotland's top league fell 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.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.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.