Skip to main content

"If you want some accessible but informative insight into football then I suggest you couldn't do better than the Political Economy of Football website, which is not only intelligible but comes with the added bonus of being written by Addicks fan Wyn Grant."
Ben Hayes - Charlton Athletic programme

Heart Of Midlothian F.C.

Share/Save
Traditional Hearts football shirt

Heart of Midlothian F.C. are located in Edinburgh, Scotland and are one of two principal professional football clubs in the city, the other being rivals Hibernian. The club was part of the inaugural Scottish Football League competition in 1890. As of 2009, Hearts had won the Scottish League title four times, the Scottish Cup on seven occasions, and the Scottish League Cup four times.

The club plays at all-seated 17,420-capacity Tynecastle Stadium in the Gorgie area of Edinburgh which has been the club's home since 1886.

Lithuanian businessman and banker Vladimir Romanov has been the major shareholder of Hearts (80%) since he bought Chris Robinson's stake in 2005.

Turnover and pre-tax profit figures are in millions.

Financial Overview - Heart of Midlothian plc

Year
Turnover
Pre-tax profit
Wages / Turnover ratio (%)
Employees

2007/08

9.161

-3.530

 

161

2006/07

10.319

-12.447

 

138

2005/06

10.277

-5.282

97.4

113

2004/05

8.428

-2.728

53.9

93

2003/04

7.162

-2.424

70.4

96

2002/03

5.991

-1.095

85.4

97

2001/02

6.072

-2.695

93.7

103

2000/01

7.947

-3.776

90.4

105

1999/00

7.060

-3.682

83.7

95

1998/99

7.725

0.222

83.7

94

1997/98

6.416

-1.939

59.1

91

1996/97

4.922

-1.536

57.6

98

Website: 
www.heartsfc.co.uk

Related Articles

02 Apr 2013
Hearts owner goes bust

Hearts owner Vladimir Romanov has virtually all his assets and money wiped out after his bank Ukio Bankas was placed into interim administration.   Romanov has said that he will

31 Dec 2012
Hearts hit by new sanctions

Hearts have been hit by new sanctions after they failed to pay bonuses and appearance money to players and coaching staff and also failed to tell the Scottish Premier League (SPL) 'in a

26 Dec 2012
Hope for Hearts as the year ends

It's been a tough few months for Hearts on the financial front with the club being threatened with liquidation at one stage,  Although challenges remain, the picture is brighter as the year draws to a close.

21 Nov 2012
Fan takeover at Hearts?

Supporters Direct will meet with Hearts for a fifth time today in a bid to persuade Vladimir Romanov to sell

08 Nov 2012
How Hearts lost their heart

I developed a serious interest in football in 1953 when I started to go to matches at Charlton with my father.   As my knowledge of the game developed, it became apparent that Scottish clubs often did not have obvious geographical names like

08 Nov 2012
Hearts on the brink

The long drawn out saga at Hearts may be entering its final phase with the possibility being raised that the club might play its last game against St. Mirren on Saturday 17 November.   In a letter to fans, the club has said 'This isn't a

18 Sep 2012
Salary problems at Hearts again

A number of top players were not paid on time at Hearts again on  Monday as the Edinburgh club encountered renewed cash flow problems.

25 May 2012
Hearts sale hopes

Hearts owner Vladimir Romanov hopes that the improving financial health of the

03 May 2012
Hearts reduce debt

Hearts have announced a profit for the second successive year and reduced their debt to £24m.  That is still a substantial amount, but it is the lowest level for six years.   The figures relate to the 11 months until 30 June 2011 and

18 Mar 2012
Hearts slams players who won't leave

Hearts have slammed fringe players who won't turn in their contracts to ease the club's financial position. In a statement the club

Comments:1