They say "generous bonuses" were honoured based on pre-season agreements, while league prize money for finishing second was cut by about 900,000 in January.
A bank debt of 4m was wiped out, partially thanks to soft loans from a group of fans.
Similarly, other clubs will not suddenly be able to sell their stadium having just agreed to a debt reduction deal.Dundee United and Kilmarnock reached similar agreements last season, while Motherwell and St Mirren have been operating at more resultater onsdags lotto or less break even for a number of years.In the annual accounts, Aberdeen revealed turnover rose from.85m.158m last season, with wages increasing from.256m.084m.Celtic have no bank debt and their interim results for the financial year to 31 December expekt bonus flashback showed a surplus in the bank, while, through long-term planning, St Johnstone, Inverness Caledonian Thistle and Hamilton Academical are all free of bank debt.Also, there should be more leeway to try to hold on to their better young talents, although there must always be a recognition that English clubs will lure them south eventually.Has Scottish football benefited?Year-end cash at bank position increased slightly.83m (2013:.76.Inverness CT's most recent financial figures.
Turnover also increased.4m and the wages-to-turnover ratio dropped from 76.
A seven-figure loan by former owner Jamie Moffat will be written off.
By wiping out the bank debt, Aberdeen have a little more financial freedom and can direct more resources to investing in the football side of the business.How how clubs managed to shed their bank debt?Made a loss of 184,500 last season, despite finishing in second place for the second consecutive season.Fluctuating cash requirements meant that Celtic are now in a net debt position, which peaked.5m during 2013/14).United managed to save more than 500,000 in wage costs and made a 595,000 transfer profit, helped by the sale of striker Johnny Russell to Derby.Dundee United sold striker Johnny Russell to English Championship club Derby County.The profit of 28,186 is a slight increase on the figure of 22,204 for the previous 12 months.Investment in football personnel dropped.6m.07m, with chairman Ian Bankier stressing that the club would continue to "live within our means".There will be more money available to Aberdeen since they will not have to service the debt any more, but it will not mean a drastic increase in available finance.Manager Derek McInnes won't be about to embark upon a spending spree.Celtic say the.6 decrease in revenue.74m was partly due to a discount on season tickets.
In terms of bank debt, essentially all are free of long-term liabilities now that.
Aberdeen chief executive Duncan Fraser and Dundee United chairman Stephen Thompson.
The agreement will likely involve Michael Johnston stepping down as chairman at the end of the season.
Cash assets stand at 267,00, while the club's finances benefited further from an uptake of 25,000 in share capital.