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Hearts Post £2.4m Loss Despite £23m Turnover

BBC Sport Football •
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Heart of Midlothian recorded a £2.4m loss for the year ending 30 June, despite a turnover exceeding £23m during Tony Bloom's first 12 months as owner. The club stated the loss resulted from a deliberate decision to invest in the playing squad from a position of financial strength, helping secure a return to European league phase football. Like-for-like revenue rose 20%, with sponsorship and advertising income up 37% and retail and hospitality income increasing 17%.

The Foundation of Hearts contributed £1.49m. Player trading gains were 30% higher than the previous year, with further gains expected in 2026/27. Hearts reported net assets of £20.3m and confirmed engagement in positive discussions regarding further investment to support long-term ambitions.

Source: BBC Sport Football · Summarized by HeadlinesBriefing