A new report shows that football clubs in the Scottish Premier League are collectively in profit for the first time in more than a decade.
The annual review of Scottish football finances carried out by PricewaterhouseCoopers shows that the clubs made a modest profit of £2.8m.
But PwC partner David Glen said the results benefit from one-off credits of £22m, including a £15m accounting gain at Rangers.
Mr Glen said clubs had continued to rein in spending on wages, and the figure was below £100m for the first time in five years. Combined debt fell from £184m to £129m.
Celtic, with revenues of £62m, and Rangers (£55m), continue to top the financial table.
