"Bear in mind that Setanta's failure to pay the final tranche of last season's payments meant we had to wipe more than a quarter of a million pounds off the bottom line for season 2008/09. Now we are in a situation where we have to operate with an annual budget of £600,000 less than originally budgeted for next year that has the potential to rise to over £1 million over the coming couple of years. To put that into context, to plug the gap we require either four thousand extra fans at every home SPL fixture or we need to the reach the group stages of the Europa Cup every year and hope to get a couple of lucrative ties in the group. That would simply allow us to reach the original figures we were looking at with no upside. Make no mistake, every SPL club is suffering right now and I do mean every club."
-Duncan Fraser
Willie Miller added, "We tried to bring a couple of lads in on loan from a mid table Championship side but, given these guys were on £3,500 and £5,000 per week respectively, we simply cannot compete and equally, while we will do everything we can to support Mark, we have to ensure Aberdeen Football Club is still around in the future and, let's be frank, there are top clubs whose long term future is by no means a certainty.
http://www.afc.premiumtv.co.uk/page/News/clubNewsDetail/0,,10284~1735423,00.html
Interesting/depressing explanation of the current economic situation in the SPL.
Won't affect Hearts, since they will keep spending money they don't have.