The 2022-23 accounts year saw record SPFL payments to clubs. (Jeff Holmes/Getty Images)

The Scottish Professional Football League (SPFL), the four-tier Scottish soccer league system, has posted a record turnover for the fiscal year 2022-23.

In its annual accounts, the league revealed it had a turnover of £41.9 million ($50.9 million), an increase of 6% over the previous season’s tally and a record in the SPFL’s ten-year history.

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SPFL money distributed to each of its 42 constituent clubs also rose by 7%, up to £31.7 million, another record tally.

The SPFL credits the record numbers to the rising value of the league’s sponsorship, partnership, and broadcast deals.

The increased performance of Scottish clubs in European competitions over recent years, such as record champions Rangers reaching the 2021-22 Europa League Final, also increased UEFA solidarity payments that all clubs in the top-tier SPFL Premiership received to £3.6 million. This was also aided by an increase in the payments overall from UEFA, European football’s governing body.

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SPFL chief executive Neil Doncaster stated: “This is the first time SPFL turnover has broken the £40 million figure. In tandem with record fee payments to clubs of £31.7 million, these are by far the strongest figures we’ve achieved in the ten-year history of the SPFL.

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“Especially in light of the ongoing economic challenges, today’s figures are testament to the continuing popularity of Scottish football and the growing demand from broadcasters and other partners."

The record numbers mean that the SPFL has maintained a year-on-year increase in turnover since its inception in 2013 when the Scottish Premier League and Scottish Football League merged.

One contributor to the turnover growth may have been the league’s title-sponsorship deal with used-car firm Cinch, however, the SPFL will need to find a new sponsor for the 2024-24 season as Cinch has exited the deal two years early.

Cinch signed on in a five-year deal in 2021 to be the league’s title sponsor, but exercised a clause in the deal earlier in October (October 5), to allow it to walk away after three years.