Brown in favour of salary cap
St Johnstone chairman Steve Brown has called for tougher financial regulation and a salary cap in Scottish football after the crises at Rangers and Hearts.
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Following the Rangers saga is one engulfing Hearts, who were presented with a winding-up order on Tuesday by Her Majesty's Revenue and Customs over an unpaid £450,000 tax bill.
It is one of many financial concerns at Hearts, currently subject to a transfer embargo for failing to pay their players on schedule.
"There is not enough governance in the game on the financial front," Brown told BBC Scotland.
"There is not a lot of money in Scottish football... and the biggest expenditure is players' wages.
"(Wage capping) has to come. How many clubs are we going to see go to the wall before we say enough is enough? It's no good for anybody.
"If you go down a league you lose in the region of £1m. So everybody pays over the odds on wages, then makes a loss to keep in the league, to make less of a loss than you would if you got relegated.
"It's a ridiculous model."