Hearts, Hibs & more share record £33.7 million payments as large increase in turnover announced
Hearts and Hibs are in line for more money with the SPFL announcing a growth in turnover to £44.3 million. That is the highest ever in the league’s history.
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Hide AdThe increase in popularity has been driven by the Sky Sports TV deal, as well as other domestic and overseas broadcasting agreements. The turnover has increased by £2.4million (6%) from last year.
Payments to clubs like Hearts and Hibs have gone up to £33.7million which is a boost. That will provide more revenue for the Edinburgh pair.
Neil Doncaster, the SPFL group chief executive, has told the SPFL website: “We’re really proud to announce record turnover and fee payments to our member clubs today as we continue to build on the strong income growth and commercial deals in recent years.
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Hide Ad“Given the challenging market and economic conditions right now, these encouraging results reinforce the huge popularity of Scottish football, as well as the level of interest this generates with our broadcasters and our increasing roster of partners.
“In recent months, we’ve agreed a major new title sponsorship deal with William Hill, as well as a new TV contract with Premier Sports. The SPFL has just reported significantly higher attendances per capita than any other European league in a new UEFA report, and whilst we’ll never be complacent, these results give us a strong foundation upon which to further improve our performance.”
Meanwhile, Murdoch MacLennan, SPFL chairman, has said: “These latest annual results are testament to the hard work and talent of the SPFL’s member clubs and to the efforts of the dedicated team at the SPFL, which works tirelessly on their behalf. “We are extremely pleased to be able to provide our members with the highest annual distributions in the history of Scottish league football and thank our members for their vigorous support.”
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Hide AdHearts are back in action this weekend with an away trip to Aberdeen as they hunt for their first win of the new season. They are bottom of the table and have only two points on the board from their first eight fixtures.
The Jambos are also in the hunt for a new manager after deciding to sack Steven Naismith. Liam Fox is currently in caretaker charge until a successor is found and the hierarchy are carefully weighing up their options to find the right candidate.
As for Hibs, they face Motherwell at home on Saturday afternoon. They are positioned in 9th place and have five points after a win and two draws.
David Gray’s side lost 1-0 away at Rangers in their last outing. They weren’t able to find an equaliser at Ibrox and returned to Edinburgh with nothing as they look to return to winning ways.
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