Credit: Paul Henery
Hearts total income down 16% with all key elements of revenue falling, especially broadcast, down by a third.
Despite the shortened season Hearts wage bill up 7%. Way behind Rangers and Celtic but still the 4th highest in Scotland.
Hearts lost £70k a week throughout 2019/20 from day to day operations. Donations and player sales offset these losses.
Wage to income ratio
Hearts spent £72 on wages for every £100 of revenue in 2020. Would have been lower without Covid-19. Reasonable by SPFL standards.