The SPFL have moved to correct Ann Budge after she claimed to have approved loans to clubs while on the league board.
The Hearts chief said in an interview that she had approved a loan to an unnamed club during her time on the SPFL board.
That caused a stir, as after a Rangers resolution was thrown out the governing body said it had not made a loan to a club for over 10 years.
Many pointed out an apparent contradiction, and the SPFL looked to clear things up with a statement.
It said: "Regrettably, we have to correct Ann Budge’s statement in the article by Tom English on the BBC Scotland website today, where she said: 'I’ve sat on the SPFL board and I’ve approved a loan for another club.'
"Quite simply, she did not, (and neither did anyone else during Ann’s tenure on the SPFL board).
"Her subsequent statement in the same BBC interview is far more accurate: 'I genuinely can’t remember the club involved, but a club required an advance. We discussed it, it wasn’t contentious , everybody agreed and we moved on.'
"As Ann herself correctly states in the latter comment – it was an advance payment of fees due to clubs – and not a loan, which is a crucial distinction."
On Saturday chief executive Neil Doncaster addressed the issue in a radio interview.
He said: "Quite simply Ann is mistaken.
"No loan was approved while Ann was on the board of the SPFL.
"What actually happened was in 2016, when Rangers returned to the Premiership, all non-Old Firm clubs budgeted to get three Old Firm games prior to the split.
"Because of a fixture anomaly with Rangers returning in 2016 three clubs actually lost out: Partick Thistle, Hamilton Academical and Motherwell were all given two Old Firm games pre-split rather than the three that they'd budgeted for.
"The board was very sympathetic to the situation that they found themselves in an in those circumstances - bearing in mind that the board approves fee payments to clubs throughout the season - the board decided that in the case of Partick Thistle and Motherwell - Hamilton didn't want to take an earlier fee payment - those two clubs would be entitled to invoice the league for £150,000 each which they got earlier than other clubs in the league.
"At the same time Celtic actually agreed to forego £300,000 of fees that they would have expected to receive at that time.
"So there was no cash flow impact on the league, nor the other nine clubs involved.
"There's a big difference between loans and fee payments."
