Hibs above Rangers and Celtic. Hearts are insolvent.

July 15th, 2009 8 Comments »

Credit rating company, Equifax has released details of the ratings of SPL clubs.  As you’d expect, Hibs fare pretty well, coming in 3rd place behind St. Mirren and St. Johnstone who both had maximum points of 100.  Hibs have 87 points which Equifax rate as an “A” – Very Good Score.  The funny stuff comes nearer the bottom were Hearts are listed as “insolvent” which comes as no real surprise but is still nice to see from an authoritative source.  Motherwell are also listed as insolvent and Hamilton get 2 points.

I was amused to see Dundee United at 42 points but actually that’s a “D” – Avergae Score. 42 is pretty good when compared to the English Premiership teams, only 5 of whom get over 50 points and 11 of whom are technically insolvent.

So, what does it all mean? Absolutely bugger all.  More recession scaremongery and a company (Equifax) inventing a press release purely for the publicity.

EQUIFAX’S SCOTTISH PREMIER LEAGUE CREDIT RATINGS TABLE

Club Score out of 100 Technically Insolvent
St. Johnstone 100
St. Mirren 100
Hibernian 87
Rangers 84
Celtic 79
Aberdeen 78
Kilmarnock 71
Falkirk 57
Dundee United 42
Hamilton Academical 2 Yes
Hearts 0 Yes
*Motherwell 0 Yes

*Motherwell Football and Athletic Club Limited is a company voluntary arrangement, so automatically given zero points and insolvency rating.

EQUIFAX’S PREMIERSHIP CREDIT RATINGS TABLE

Club Score out of 100 Technically Insolvent
Man Utd 100
Arsenal 98
WBA 78
Blackburn Rovers 68
Tottenham 50
Sunderland 37
West Ham 37
Manchester City 27
Liverpool 26
Fulham 20 Yes
Everton 18 Yes
Newcastle Utd 12 Yes
Aston Villa 10 Yes
Chelsea 10 Yes
Middlesbrough 7 Yes
Bolton Wanderers 5 Yes
Portsmouth 2 Yes
Wigan Athletic 2 Yes
Stoke City 2 Yes
Hull City 1 Yes