While English clubs shrug off the annual doom-laden analysis from financial commentators, Scotland's elite have been assessed as even flakier. Ken Gall reports on some alarming figures
Recent evidence would suggest that the required reading for Scottish Premier League chairmen during the close season would be a well-thumbed Guide to Who’s Cheap and Available Around the Second Divisions of Europe. However, following the publication in April of the remarkable sets of accounts by all SPL clubs, they would be well advised to pick up instead a copy of JK Galbraith’s The Great Crash, in which the eminent Harvard economist describes how speculation, profligacy and unsustainable financial practices led to the Wall Street crash of 1929.