Michael Stewart has called for fresh impetus as he admits there is no ‘easy fix’ for Scottish football’s impending financial problems.
Already top clubs have been affected by the lack of football as a result of the Covid-19 outbreak. Aberdeen chairman Dave Cormack has said the Dons stand to lose seven figures in revenue whilst Hearts have slashed wages by 50%.
It’s a worrying time for everyone, including SPFL football clubs. Pundit Stewart reckons that some imagination will be needed to help get teams out of potential financial doom.
“They (Aberdeen) are talking about circa £5 million of a loss that they need to try and cover,” Stewart told BT Sport.
“That will be offset slightly by the news that the SPFL have released some money that would have been payed in April a little bit early.
“There is no easy fix to this, things are going to have to change. We’re going to have to be imaginative and right across the board, we need to come up with fresh ideas about how we can get some money into the clubs to help them survive.”
Can’t go on forever
Clubs in the short-term should hopefully be able to last and survive this crisis. If it, like many fear, rolls into the summer months, then serious issues may have to be faced.
43% of income for clubs in the top flight arrives via matchday revenue. Team simply can’t afford to miss out on that until August and some will find the going extremely tough as a consequence.
Aberdeen and Hearts are the big names to cast financial doubt for now, but it’s almost inevitable that many more clubs will follow suit the longer the wait for football goes on.