Hearts report £2.4m loss in Bloom's first year as owner

Heart of Midlothian announced a £2.4 million loss for the fiscal year ending June 30, during the inaugural year of Tony Bloom's involvement as owner. The club recorded a turnover exceeding £23 million, the highest for a season without European competition, as they missed out on their first Scottish title in 66 years. Bloom, who owns Brighton & Hove Albion, invested £10 million for a 29% non-voting share. During this period, Hearts gained £1.8 million in player trading while spending £7.8 million on new acquisitions. The club anticipates improved financial results in the next accounts, attributing potential progress to enhanced player trading and ongoing discussions for further investment. Their annual meeting is scheduled for early December.

• 5:00 PMBBC Football — Hearts record £2.4m loss in Bloom's first year