Celtic and Rangers have lost close to £1 million after one of the UK’s largest printers of matchday programmes, Cre8 Publishing, was put into liquidation.
The collapse came after EPL outfit Arsenal filed a legal action against the Publishing company over a claim of £270,000 of unpaid royalties.
Other clubs were affected such as Tottenham, West Ham and Oldham Athletic.
However Rangers and Celtic are the worst hit, as they are owed around £500,000 and £400,000 respectively. With Aberdeen owed an undisclosed, but smaller fee also.
Three years ago, Cre8 UK – the company’s predecessor – also went bust which left Birmingham and Watford out-of-pocket also.
As we reported in November, Celtic and Rangers cancelled their contracts with Cre8 Publishing, as well as Aberdeen. The Old Firm called on their fans to “cancel any direct debit payment with immediate effect” after the club cancelled its contracts over allegedly unpaid royalties.
