Scottish FA advances £1.5m to clubs and academies

The move is to alleviate the financial impact of the coronavirus crisis on clubs.

The Scottish FA has announced that it will advance payments due to clubs to help alleviate the damage of the current football shutdown.

Games across the country have been suspended due to the current coronavirus crisis and there have been serious concerns about how clubs will cope with the lack of income generated on match days.

The advance from the governing body will see £1.5m distributed amongst clubs within the next 24 hours.

The funds are paid out for clubs who meet the SFA’s licensing requirements, and to club academies that are set up to produce young players for the professional game.

Rod Petrie, Scottish FA President: “I am pleased to announce the immediate cash payments to members of Club Licensing and Club Academy Scotland amounts which were budgeted to be paid later this year.

“Given the financial uncertainty faced by clubs, we have looked at areas of distribution where we can accelerate and pay now, rather than wait to pay on the usual distribution dates.

“The combined amount forward funded in this way is approximately £1.5m, which we believe will be of great support to clubs who face uncertainty and, worse still, a significant loss of revenue as a result of the impact of coronavirus in Scotland.

“I would like to thank our chief executive, Ian Maxwell, and the Operations Board for their expediency in enabling us to bring forward the payments.”   

STV News is now on WhatsApp

Get all the latest news from around the country

Follow STV News
Follow STV News on WhatsApp

Scan the QR code on your mobile device for all the latest news from around the country

WhatsApp channel QR Code