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SPL making profits
Scotland - 14 September, 2007
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The Scottish Premier League Limited, which supervises the SPL's joint commercial dealings, released figures that show the pay-per-view television deal with Irish broadcaster Setanta is starting to pay profits for member clubs.
Domestic revenues from broadcast deals and sponsorships yielded GBP 19.7 million in the year ended May 31, a 30 percent increase from the previous 12 months.
The organisation can expect to match or beat the GBP 21.2 million that was earned in 2002.
Most of the SPL's cash will have been given to the clubs, after a GBP 1.7 million index-linked payment to the Scottish Football League, which was part of the terms at the time the SPL was establishment in 1998.
The SPL's returns began to drop after the expiration of the GBP 11.25 million-a-year Sky TV contract at the end of the 2001-2002 season. After plans for SPL TV were dropped by Scottish clubs Celtic and Rangers, the SPL signed a two-year contract with the BBC for GBP 8 million a season. That contract ended in May 2004 and Setanta took over.
Last year, after it agreed to pay GBP 54 million over four years, which was a record for Scottish football, Setanta's contract was renewed.
Since the end of the year, the SPL extended its broadcast contract with the BBC to include television highlights as well as live radio coverage and also signed a contract with Sportfive to sell international television rights for seasons 2008-2009 and 2009-2010.
"These and other commercial deals place the company on a very sound footing for at least the next three years," the SPL said in its annual report.
Each English premier club earns more from domestic television rights alone than all 12 SPL clubs, put together, generate in total broadcast and sponsorship income.
Domestic revenues from broadcast deals and sponsorships yielded GBP 19.7 million in the year ended May 31, a 30 percent increase from the previous 12 months.
The organisation can expect to match or beat the GBP 21.2 million that was earned in 2002.
Most of the SPL's cash will have been given to the clubs, after a GBP 1.7 million index-linked payment to the Scottish Football League, which was part of the terms at the time the SPL was establishment in 1998.
The SPL's returns began to drop after the expiration of the GBP 11.25 million-a-year Sky TV contract at the end of the 2001-2002 season. After plans for SPL TV were dropped by Scottish clubs Celtic and Rangers, the SPL signed a two-year contract with the BBC for GBP 8 million a season. That contract ended in May 2004 and Setanta took over.
Last year, after it agreed to pay GBP 54 million over four years, which was a record for Scottish football, Setanta's contract was renewed.
Since the end of the year, the SPL extended its broadcast contract with the BBC to include television highlights as well as live radio coverage and also signed a contract with Sportfive to sell international television rights for seasons 2008-2009 and 2009-2010.
"These and other commercial deals place the company on a very sound footing for at least the next three years," the SPL said in its annual report.
Each English premier club earns more from domestic television rights alone than all 12 SPL clubs, put together, generate in total broadcast and sponsorship income.
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