Speculation about a leading Scottish club going into administration has resurfaced again tonight.
On Friday Chris McLaughlin mentioned the prospect during a BBC podcast, tonight the far more reliable and independent Celtic Underground/Celtic Rumours Twitter account has shared news of a leaked email causing some distress.
Hearing that a leaked email has caused some upset. Some clubs are anticipating an administration event (not liquidation) for one club in particular. An attempt at smoke and mirrors to spread blame is underway and try to “level the playing field” for when the admin event is over.
— Celtic Underground* (@celticrumours) May 5, 2020
Points deduction applied in the same season as the administration event. Admin no sense for Park et al who will lose everything as share/equity swap means they’re not even creditors. Big call to make. Concede league & admin before called by SPFL. -15 Pts now & 5 next season
Level the playing field, is an interesting line
— Bellshill Tim (@Bellshilltim) May 5, 2020
Is there a prize for guessing who?
— trisham1 (@darthhoopy1) May 5, 2020
Despite the events of 2012 there is no meaningful Financial Fair Play regulations in Scottish football, a warning system comes into play if a club fails to pay wages on time.
The last full round of SPFL matches were played on March 7 with clubs now approaching two months without a home match. While season ticket holders are in the majority hospitality brings in worthwhile sums match by match with clubs benefitting from their own shops and other associated revenue streams.
Next week SPFL clubs are due to vote on whether to stage an independent investigation into the process involved in the vote to end the season based on average points per game.
So far no evidence has been forwarded to the clubs ahead of the vote.
— The Huddleboard (@huddleboard) May 5, 2020