Hearts record £2.4m loss in Bloom's first year

Hearts posted a £2.4m loss for 2023–24 despite record turnover of £23m, their first year under Brighton owner Tony Bloom's 29% stake.

Heart of Midlothian have announced a loss of £2.4m for the year ending 30 June, marking the first 12 months of Brighton & Hove Albion owner Tony Bloom's involvement with the Scottish Premiership club.

Turnover exceeded £23m, a club record for a season without European competition, though Hearts missed out on their first Scottish title in 66 years after a final-day defeat by Celtic. Bloom invested £10m for a 29% non-voting stake, with the club hoping to benefit from his Jamestown Analytics recruitment network. Hearts gained £1.8m on player trading during the period while spending £7.8m on acquisitions.

In a statement to shareholders, Hearts indicated they expect significant improvement in next year's accounts due to further momentum in player trading. The club also said they are engaged in positive discussions regarding additional investment to support long-term ambitions. The annual meeting will take place in early December.