October 7 – The Scottish Professional Football League (SPFL) has reported a significant financial boost, with its 2023/24 turnover rising by £2.4 million (6%) to reach a record £44.3 million.
This marks a continued upward trend from previsou season’s record high of £41.9 million, showcasing the league’s growing commercial strength.
The increase in revenue has been largely driven by the SPFL’s new broadcasting deal with Sky Sports, alongside growth from other domestic and international broadcasting agreements.
In tandem with this, payments to clubs have also seen a sharp rise. Fees distributed to clubs climbed by £2 million, bringing the total to £33.7 million, also reflecting a 6% increase. In total, group distributions to clubs reached £37.9 million, up from £35.8 million the previous year.
This was bolstered by gate receipts of £2.1 million, which were distributed to the four clubs involved in the Premier Sports Cup semi-finals and final.
Neil Doncaster, SPFL group chief executive, said: “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.
“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.”
Contact the writer of this story, Harry Ewing, at moc.l1728330371labto1728330371ofdlr1728330371owedi1728330371sni@g1728330371niwe.1728330371yrrah1728330371