Author Topic: Hearts Financial Results  (Read 411 times)

0 Members and 1 Guest are viewing this topic.

Offline ayrshire_don74

  • First Team Regular
  • ****
  • Posts: 837
  • Rating: -115
Hearts Financial Results
« on: November 14, 2018, 01:38:45 PM »
go beyond the headline figure of making a profit and you find they had £3m of 'donations'... interesting model.. wonder what happens if donations dry up


Offline kiriakovisthenewstrachan

  • First Team
  • ***
  • Posts: 415
  • Rating: 9
Re: Hearts Financial Results
« Reply #1 on: November 14, 2018, 04:27:22 PM »
Hearts are in a pretty stable financial position now.

£2M of the donation was to help with the redevelopment which is a non-recurring event and the other £1M was towards the wage bill.  Assume that this is to help with the high wages whilst Naismith is on loan.  Their new stand will bring in additional income and they get good crowds.  No danger of being in trouble.