Scots Soccer Rebels to Tackle TV Cash

Article excerpt


PLANS to wring more money from TV are behind the news that the top football clubs are to resign from the Scottish Football League to form a separate league under the auspices of the Scottish Football Association.

There are three Scottish clubs with share listings.

Ironically, Heart of Midlothian, the smallest, is the only one with a full London Stock Exchange quotation. Hearts shares rose 4 1 / 2 p to 108 1 / 2 p yesterday, valuing the company at [pounds sterling]11m.

Celtic, listed on the Alternative Investment Market, rose [pounds sterling]5 to [pounds sterling]31.

Rangers gained 10p to 525p on Ofex, the lightly regulated market outside the Stock Exchange.

English National Investment Company, a fully-listed trust developing into a leisure investment operation, has an option on 25.1pc of Rangers.

ENIC shares were unchanged at 244p.

The English Premier League milks BSkyB alone for [pounds sterling]167m a season, while the Scots earn some [pounds sterling]4m a year from their TV deal. …