Hearts of Midlothian FC have reported a profit in their annual accounts in further information that Scottish Football clubs are growing.
Hearts of Midlothian FC have announced that their annual accounts of the past year have run at a profit of 1.8 million pounds. The Edinburgh based club turned the profit despite spending significant amounts of money invested in improving their home pitch of Tynecastle and expanding their spending on both staff and players.
Hearts owner Ann Budge has been investing into the club quite heavily, and the early returns are good. The club reported an increase of over one million pounds in ticket sales and Hearts currently are sitting second in the table in the Scottish Premiership this season.
Scottish Football has long been a secondary league, with even giants Rangers and Celtic being seen as second-class clubs compared to Europe’s big boys. There are plenty of reasons for this, many of which continue to be prevalent, but Scottish Football continues to be looking in the right direction.
Rangers return to the top-flight and appearing to be getting back into high-level form this season is the best news for Scottish Football, having a second giant club finding some success on the European level beyond Celtic will bring extra eyes and money to Scotland, but the other step for Scottish football is for other clubs to make similar strides.
Hearts reporting a profit while still heavily investing in players, staff, and stadium will hopefully be a signal to other clubs that it can be worthwhile to invest in Scottish Clubs. Hearts, both club and supporters, should be applauded and while we obviously hope they fall behind Rangers, we should all hope for continued success for them.
Scottish Football is quietly starting a re-birth, and another high-level club, especially one in the Scottish capital, would be hugely impactful.