forthefanssubstack Posted August 25 Share Posted August 25 I asked ScotGov for the latest figures on repayments made by 11 clubs (10 of which are currently in the Premiership). It’s a mixed picture but mostly positive. You can read more by clicking the link my signature or by clicking here to go to my Substack. Thanks, as ever, to the mods. 6 Quote Link to comment Share on other sites More sharing options...
Jim McLean's Ghost Posted August 26 Share Posted August 26 Quote ScotGov did previously say that clubs must repay “in equal instalments” but qualified this by adding it can “vary the timing and amount of repayments.” Obviously these loans were dished out in haste but this caught me. Seems like there is no actual restrictions on how the money needs to be paid back. Long term, interest free obviously makes these loans a bit different from other loans. Some clubs will take the view that this is a debt and paying it back on schedule will reduce the amount of debt needing paid in future years. Other clubs have taken the view that this is cheap money and will try to defer payments as long as possible to get the maximum value from the interest free loan, letting inflation wipe out a decent portion of the debt. This way clearly gets better value for the clubs but Scottish football isn't exactly known for long term financial planning and some of these clubs are simply kicking the can down the road. 1 Quote Link to comment Share on other sites More sharing options...
stressball Posted August 26 Share Posted August 26 20 year loan, jeezo. 0 Quote Link to comment Share on other sites More sharing options...
ropy Posted August 26 Share Posted August 26 How did the size of the loan work, did the clubs choose what they wanted, was there a fixed maximum or was it dependent on some attribute of the club? 0 Quote Link to comment Share on other sites More sharing options...
Radford Posted August 26 Share Posted August 26 Zero surprise to see St Mirren are still using our money to finance their transfer dealings. 0 Quote Link to comment Share on other sites More sharing options...
MazzyStar Posted August 26 Share Posted August 26 Just do a Dunfermline. 0 Quote Link to comment Share on other sites More sharing options...
Cheese Posted August 27 Share Posted August 27 #10%club 0 Quote Link to comment Share on other sites More sharing options...
Insert Amusing Pseudonym Posted August 27 Share Posted August 27 With a black hole in the public finances it's only right for the government to enforce repayment of these loans immediately. 0 Quote Link to comment Share on other sites More sharing options...
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