SPL: Clubs set new financial fair play rules at Hampden meetingScottish Premier League clubs have voted at Hampden not to introduce fixed punishments for clubs reforming as new companies known as "newcos".
SPL Resolutions
- Minimum of 10 points deducted from any club entering administration
- Extension of the sporting sanctions regime when SPL club's parent company enters administration
- Updates and extensions to the definition of insolvency events to track changes in insolvency law
- Requirement for clubs to pay players and HMRC on time and to report any failure to either
- Specific sanctions for clubs who fail to pay players/HMRC on time