SPFL Premiership club St Mirren have posted a concerning loss of £1.6 million in their latest financial report [Daily Record].
These figures do only cover the period from May 2021 until May 2022 but nevertheless the Paisley club will be disappointed by this news.
Amongst that time they received a compensation payment for manager Jim Goodwin heading to Aberdeen as well as a £435,00 fee for Irishman Jamie McGrath.
It was announced earlier this season that the Buddies would be cutting the Celtic allocation at the SMiSA to one stand much to the disappointment to many within the travelling support as many would miss out on a regular ticket they would recieve.
Initially, it looked as though the decision to slash Celtic’s allocation paid off as St Mirren beat the Scottish champions back in September 2-0. The following month they had more fans at the 0-0 game against Kilmarnock as many Saints fans wondered what would be the need for extra revenue from Hoops fans.
There were still patches across the ground and it could of been very easy to fill all four stands but that wasn’t the case which may be reevaluated if there isn’t financial improvements. However, in defence of St Mirren at their match on Christmas Eve against Aberdeen they recorded one of their record attendances so there is an argument on both sides.
The club who arguably lead the way on this is the league are Livingston who give up three stands at their ground to benefit financially from the visit of Celtic.