Football clubs in Scotland stiffen insolvency punishments

Mon, 27 Apr 2015 | ADMINISTRATION

The punishment for Scottish football clubs entering insolvency has been increased following a decision by the country's most senior clubs.

An immediate 15-point deduction will be applied to any club that enters administration and a further five points will be deducted from the club in the following season.

This is an increase from the current regulations which impose a one-off 15-point penalty for the first instance of administration and a 25-point deduction for a second instance of insolvency should it occur within a five-year period.

The amendment was reportedly “approved overwhelmingly by clubs” during the Scottish Professional Football League meeting at Hampden Park.

Among the clubs to attend the meeting was Hibernian FC, who welcomed the decision and the move to tighten the regulations.

There have been a number of insolvencies in Scottish football over recent years. Dundee and Livingston have actually gone through the insolvency process twice in the past six years, while Dunfermline Athletic have entered administration once, along with Hearts and Rangers.

Hearts suffered a particularly drawn out insolvency with around 11 months spent in administration before businesswoman Ann Budge was able to finalise the deal to take control of the club.

Read more about Hearts' administration.


Share this article



Latest Businesses for Sale

E-Cigarette Retailer
Lichfield, Staffordshire, UK Wide

This is a perfect opportunity to take on a well-established vape business with three busy premises that are all brimming with stock. Appealing to a current owner-operator of an e-cigarette related business or an entrepreneur passionate about the indu...

Asking Price: Offers Invited
Turnover: £300,000

LEASEHOLD


Vape Retailer & Lounge
Nuneaton, Warwickshire, UK Wide

Brilliant twofold business, which boasts a well-fitted premises, central location and solid customer base. Professional service and high quality products have helped to grow this business into the successful venture it is today. Current owner willing...

Asking Price: £140,000
Turnover: £300,000

LEASEHOLD


Multi Brand Electronic Cigarette Retailer
Ashton-under-Lyne, Manchester, UK Wide

Profitable E-Cigarette retailer in a fast growing industry. Enjoys reputation for multi-branded E-cigarette retailer. Business is immaculately fitted to an exceptional standard. Currently operated under management with minimal owner involvement. Offe...

Asking Price: £125,000
Turnover: £416,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
13
 
Nov
 

Intermet Refractories completes MBO deal | MBO/MBI

Intermet Refractories, a metal casting component manufacture...

 
10
 
Nov
 

BT to sell off its fleet division | DIVISION SALE

BT Group is preparing to sell its fleet management arm encom...

 
08
 
Nov
 

Open Cell to merge with Stratto | MERGER

Global investment firm, Digital Colony has acquired Open Cel...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
13
 
Nov
 

Intermet Refractories completes MBO deal | MBO/MBI

Intermet Refractories, a metal casting component manufacture...

 
10
 
Nov
 

BT to sell off its fleet division | DIVISION SALE

BT Group is preparing to sell its fleet management arm encom...

 
08
 
Nov
 

Open Cell to merge with Stratto | MERGER

Global investment firm, Digital Colony has acquired Open Cel...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources