SPFL fired warning over administration as expert predicts HALF of Premiership clubs face fight to survive

dailyrecord.co.uk:

The SPFL have been warned that half of clubs in the Premiership face going through administration to survive the coronavirus crisis.

Ian Wright is an insolvency expert from Glasgow -based business advisory company Quantuma and reckons that changes in the tax law could leave clubs struggling.

From December 1, any company who goes into administration will need to pay their HMRC debt in full if they are to agree a CVA and come out the other side.And with PAYE bills stacking up during the coronavirus crisis, it means clubs could be struggling to pay that debt over the next few months.Aberdeen chairman Dave Cormack has already expressed his fears and warned the Dons could lose up to £5m while other clubs are also counting the cost.