And there have been fears about the future of some of the SFL's remaining clubs.
Below is a three month price history chart comparing the stock performance of SFL, versus KYN.
City previously had an 18-year spell in the SFL that came to an end in 1949.
Livi had started the process of going into liquidation before the SFL accepted a late rescue package.
Below is a long-term dividend history chart for SFL, which Dividend Channel stressed as being of key importance.
FORBES: This Stock Has A 15.60% Yield And Sells For Less Than Book
The report noted that among energy companies, SFL shares displayed both attractive valuation metrics and strong profitability metrics.
FORBES: This Stock Has A 15.60% Yield And Sells For Less Than Book
The SFL had already called off its games at Dunfermline and Berwick and on Thursday postponed another 12.
The SFL also plan an early-warning system with HMRC to alert them to any more clubs facing financial difficulties.
Thomson also said that the SFL had requested that all clubs observe either a minute's silence or applause before kick-off.
The Scottish Premier League and Scottish Football Association presented their vision to the 30 SFL clubs at Hampden on Thursday.
The present vacancy arose after Gretna resigned from the SFL when administrators were unable to find a buyer for the club.
Scottish Football League operations director David Thomson told BBC Scotland there were no plans to call off SFL fixtures on 2 January.
That would allow clubs from the Juniors, the Highland League and the East of Scotland League entry to the SFL via regionalised leagues.
Amid the referees' strike and problems with the weather, only four SPL matches took place last Saturday and the SFL programme was wiped out.
The report says that much of the disparity between the costs of the SFL and the Conference were due to the "high remuneration of the SFL secretary".
Midweek SFL and Scottish Cup ties have also fallen victim to the weather and Livingston's Second Division game against Ayr United is one of the latest casualties.
"We are fully aware of the impact this situation has had on all concerned, especially players, staff and fans of the club, " added SFL chief executive David Longmuir.
The SFL hoped to give its clubs every opportunity to prepare their grounds and were hopeful that some matches could go ahead where the clubs were in close proximity.
However, the raft of call-offs means a second weekend of significant disruption in Scottish football - with seven SFL and Scottish Cup games having also been postponed on Tuesday.
The SPL's 12 clubs reached a broad agreement in February to move towards a new 10-club top-tier and a second tier of 12 encompassing the SFL's current Division One sides.
The finances of the Scottish Premier League, which broke away from the SFL in 1997, have this week hit the headlines because Setanta is believed to want to renegotiate its television deal.
According to the ETF Finder at ETF Channel, SFL makes up 3.91% of the Guggenheim Shipping ETF ( AMEX: SEA )which is trading lower by about 1.3% on the day Wednesday.
According to the ETF Finder at ETF Channel, SFL makes up 3.91% of the Guggenheim Shipping ETF ( AMEX: SEA) which is trading lower by about 3% on the day Tuesday.
According to the ETF Finder at ETF Channel, SFL makes up 3.91% of the Guggenheim Shipping ETF ( AMEX: SEA )which is trading lower by about 1.3% on the day Friday.
According to the ETF Finder at ETF Channel, SFL makes up 3.91% of the Guggenheim Shipping ETF ( AMEX: SEA )which is trading lower by about 0.8% on the day Thursday.
FORBES: SFL Makes Bullish Cross Above Critical Moving Average
But, following a three-hour meeting with the SFL's management committee at Hampden, a unique rescue package led by former Cowdenbeath owner Gordon McDougall and ex-Dumbarton chairman Neil Rankine was given the green light.
"We have had a very welcome interim payment from the SFL last week and we are fortunate because of what we have done to date in not spending what we don't have, " said Nixon.
However, SFL clubs appear to be against the regionalisation idea and several SPL clubs - and especially team managers - are known to prefer an increase in the number of clubs in the top flight.
The report compared three options: the status quo (Option A), a 10-club SPL2 breakaway leaving the SFL with 20 clubs but continuing the CIS Insurance Cup (Option B) and a 20-club league without the CIS Cup (Option C).
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