Covid loans from government
Hibs due to pay £145,000 per year for the next 20 years if they used their full drawdown.
https://www.thescottishsun.co.uk/spo...ip-government/
CLUB AGREED CREDIT FACILITY AMOUNT
1) RANGERS £3.2M
2) ABERDEEN £3.119M
3) MOTHERWELL £2.959M
4) HIBERNIAN £2.882M
5) DUNDEE UNITED £2.818M
6) ST JOHNSTONE £2.6M
7) KILMARNOCK £1.828M
8) LIVINGSTON £1.783M
9) ST MIRREN £1.764M
10) ROSS COUNTY £1,158M
11) HAMILTON ACCIES £1.151M
12) CELTIC NIL
It said: This loan is interest free and to be repaid in equal monthly instalments commencing September 1, 2022 and continuing to August 2042."
No club received any more than their losses as a result of the pandemic. As clubs will have different outlays and running costs, the value of the loans varied between clubs.
It is important to note that these are loans which will have to be repaid by all borrowers over an agreed timescale.
The Scottish Government is providing the top-flight clubs with a credit facility.
But not all clubs have fully drawn down on their credit facility yet and they have until July 31 to do so.
GGTTH
Scottish Cup Winners 2016
https://www.thescottishsun.co.uk/spo...ip-government/
CLUB AGREED CREDIT FACILITY AMOUNT
1) RANGERS £3.2M
2) ABERDEEN £3.119M
3) MOTHERWELL £2.959M
4) HIBERNIAN £2.882M
5) DUNDEE UNITED £2.818M
6) ST JOHNSTONE £2.6M
7) KILMARNOCK £1.828M
8) LIVINGSTON £1.783M
9) ST MIRREN £1.764M
10) ROSS COUNTY £1,158M
11) HAMILTON ACCIES £1.151M
12) CELTIC NIL
It said: This loan is interest free and to be repaid in equal monthly instalments commencing September 1, 2022 and continuing to August 2042."
No club received any more than their losses as a result of the pandemic. As clubs will have different outlays and running costs, the value of the loans varied between clubs.
It is important to note that these are loans which will have to be repaid by all borrowers over an agreed timescale.
The Scottish Government is providing the top-flight clubs with a credit facility.
But not all clubs have fully drawn down on their credit facility yet and they have until July 31 to do so.
GGTTH
Scottish Cup Winners 2016