The SPFL have called an emergency meeting on the back of the financial crisis at Hamilton.
Last week the Lanarkshire club issued a statement that they had been victims of a financial fraud with reports claiming that between £750,000 and £1m had gone missing.
With no Financial Fair Play ruling in place and little in the way of club auditing it’s hardly a surprise that the secretive Hamilton accounts have been left exposed.
Last season, their third in the top flight, Hamilton failed to pass the vague tests required to gain a UEFA licence by the largely self certifying SFA.
According to a report in The Sun: “SPFL chiefs now want to speak to every club about the manner in which the Accies sting happened and warn them about their security.
“The meeting is due to take place within the next 48 hours as SPFL bosses grow increasingly alarmed about the possibility of further sophisticated hacking damaging the already-strained finances of Scottish clubs.”
SPFL and SFA rules are so slack that Douglas Park is a significant shareholder at Hamilton and Sevco with his soft loans keeping the Ibrox club afloat. In four years of trading the Ibrox club have never been close to break-even with that trend expected to be confirmed when they finally publish their accounts to June 2017.
Hamilton are expected to continue trading thanks to director loans but a £750,00 loss on a turnover of under £4m is highly significant.
Les Gray, chairman of Hamilton was voted onto the board of the SPFL in July.
