Hearts record £2.4m loss in Bloom's first year
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The story in brief
8-second readHeart of Midlothian record a loss of £2.4m for the year ending 30 June, despite a turnover of more than £23m the first 12 months of Brighton owner Tony Bloom's involvement.
From the source
Heart of Midlothian have announced a loss of £2.4m for the year ending 30 June - the first 12 months of Brighton & Hove Albion owner Tony Bloom's involvement with the Scottish Premiership club.
The accounts show turnover was more than £23m, which is a club record sum for a season not involving European competition, as they missed out on their first Scottish title for 66 years following a final-day defeat by reigning champions Celtic.
Bloom invested £10m to take a 29% non-voting stake in Hearts, who were looking to benefit from his Jamestown Analytics recruitment network. Hearts indicate an amount of £1.8m was gained on player trading during the period, with £7.8m spent on acquisitions.
At a glance
- Reporting status
- Reported
- Original publisher
- BBC Sport ↗
- Source published
- Clubs covered
- Brighton & Hove Albion, Hearts
Attributed publisher reporting. Kickjolly has not independently confirmed the claim.
Source context
This brief is drawn from BBC Sport. The original report is linked below for its complete context.
Read original report ↗THE NEXT STORY STARTS HERE
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