Given the money worries that have overshadowed the Scottish Premier League since the demise of the Setanta television deal, the news that champions Rangers made a profit and reduced their debt is a major positive.

Having won the double of CIS Cup and league title in 2009/10, the relief that the financial plight has lifted somewhat, including being able to buy players again after two years, has pleased all at Ibrox and chairman Alastair Johnston said ‘I think the governance of the club, the attitude of the management and the support of the executive team all coalesced to produce very satisfactory, very gratifying results.’

Celtic’s Efrain Juarez has been banned from playing for Mexico for six months after allegedly throwing an after-match party along with Arsenal’s Carlos Vela. The incident supposedly took place following their 1-0 win over Colombia earlier this month.

St Johnstone manager Derek McInnes has signed a two-year contract extension to keep him at McDiarmid Park until 2013. Chairman Geoff Brown still expects him to manage at a higher level sooner or later but is delighted to have retained the services of both McInnes and his assistant Tony Docherty. ‘I don’t think our fans should believe Derek will be here forever and a day. I regard this as our best signing of the lot’ he said.