Yam accounts

[Ozyhibby]

https://www.heartsfc.co.uk/news/arti...l-statements-1
Accounts out, big increase in commercial income.


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[007]

They forgot: Team - 12 months of dugsh*te

[JeMeSouviens]

turnover increased by over 20% from £12.1m to £15.1m

Impressive.

*******s!

[The 90+2]

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They forgot: Team - 12 months of dugsh*te

Off the pitch they seem to be doing everything right. Underneath that link it’s an announcement of a further three year deal with Umbro too.

[Jim44]

Maybe they’ll go after Mourinho after all. Money talks.

[MWHIBBIES]

as we move ever close to becoming the largest fan-owned football club in the UK

Had to stop here. Embarrassing.

[truehibernian]

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Maybe they’ll go after Mourinho after all. Money talks.

How much did their inflated egos go up this year can't ever remember it showing any signs of slowing down

We really should start selling decent chips to keep up with them

[Stuart93]

Unreal how far behind them we are with regards to commercial income.

[BigKev]

Decent figures to be fair. Wonder how much they received from their anonymous benefactors this year.

Also shows the difference in a successful supporters donation fund in addition to good cup runs.

[Blaster]

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Unreal how far behind them we are with regards to commercial income.

Has there overall income not partly been explained before eg in-house catering. They will have higher costs too

[JohnMcM]

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Unreal how far behind them we are with regards to commercial income.

They are getting something right, no doubt about it. Fair play to them.

[Barney McGrew]

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Decent figures to be fair. Wonder how much they received from their anonymous benefactors this year.

£2.25m by the looks of it.

And £700k from the Foundation Of Hertz, which is down on last year I think?

Both numbers may be wrong though, I’m sure someone more numerically literate can confirm.

[Scottie]

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They are getting something right, no doubt about it. Fair play to them.

Well done to them, hope our next set of figures are better than they have been recently.

[Cataplana]

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Unreal how far behind them we are with regards to commercial income.

Income does not equal profit.

[CB_NO3]

Decent set of accounts. Serious question but, has Budge received any of her money back as of yet? Or is the FOH money getting banked away to complete that transaction at a later date?

[B.H.F.C]

Any million pound donations this year?

[truehibernian]

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They are getting something right, no doubt about it. Fair play to them.

It's not size that matters it's what you do with it (so they say ) - finished above them last two seasons, won a cup more recently than them, above them now and they have a huge squad in comparison. Derbies are 'even stevens' these days between us. The match day experience at Hibs could certainly improve (no doubt about it), as could the commercial side of things, but we've also been in a position where we've posted huge profit and been as poor on the park.

Their Scottish Cup run last year must also rank as the easiest in recent memory. They may be making a lot but they're not spending it wisely or well (in my opinion).

[BigKev]

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Any million pound donations this year?

There’s a few 😂 One for £1m, another for £2.25 and a FoH of £1.25m that I can see.

[CB_NO3]

£3.25M in total from benefactors and that does not include the FOH donations.

[BILLYHIBS]

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as we move ever close to becoming the largest fan-owned football club in the UK

Had to stop here. Embarrassing.

We have a new owner/benefactor exciting times lie ahead let’s just wait and see what the future holds re plans/ strategy going forward to be announced in the New Year

I have total faith in Wee Ron to deliver

[greenginger]

Profit of £ 2.9 million and no tax paid.

That’s because they are allowed to use the huge losses sustained during the Vlad years to offset any profit.

Doesn’t seem to matter that the debts created were written off , they can still use those losses to their advantage.

[ian cruise]

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Profit of £ 2.9 million and no tax paid.

That’s because they are allowed to use the huge losses sustained during the Vlad years to offset any profit.

Doesn’t seem to matter that the debts created were written off , they can still use those losses to their advantage.

That can't be right surely? If the debts written off via administration (or any other means) how in earth can they get away with that.

Tax rules in this country are a shambles.

[weecounty hibby]

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£3.25M in total from benefactors and that does not include the FOH donations.

Totally sustainable. It's just like owing it to yourself. No matter who the benefactors are they won't keep giving like that, especially when they have absolutely zero chance of success

[Aim Here]

At least two donations this time. One 'exceptional donation' of £2.25 million and another 'exceptional donation towards player costs' of £1 million. Not counting their 'Save the Children' sponsorship, which is another mystery donation in disguise, though it's somewhere shy of £900k.

Raking in £2 million profit after being given £4 million of free money is just the kind of genius business acumen I expect from Heart of Midlothian football club.

[660]

Hope they have some cash to give McCall or McCann a decent wedge

[Hibs4185]

Not read them but essentially another loss without the ‘exceptional donations?

£3.25 million donations, profit of £2.9 million?

[007]

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At least two donations this time. One 'exceptional donation' of £2.25 million and another 'exceptional donation towards player costs' of £1 million. Not counting their 'Save the Children' sponsorship, which is another mystery donation in disguise, though it's somewhere shy of £900k.

Raking in £2 million profit after being given £4 million of free money is just the kind of genius business acumen I expect from Heart of Midlothian football club.

Where are you seeing those figures? I can only see what they've mentioned on the website but not the actual accounts.

[ancient hibee]

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Where are you seeing those figures? I can only see what they've mentioned on the website but not the actual accounts.

Mentioned three or four times in the notes and shown in the capital/equity section.Also nearly £4M of loans outstanding to Bidco and another direrctor.

[MWHIBBIES]

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We have a new owner/benefactor exciting times lie ahead let’s just wait and see what the future holds re plans/ strategy going forward to be announced in the New Year

I have total faith in Wee Ron to deliver

What? What does that have to do with my post?

[04Sauzee]

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Mentioned three or four times in the notes and shown in the capital/equity section.Also nearly £4M of loans outstanding to Bidco and another direrctor.

What does that mean to someone like me who is clueless when it comes to accounts