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New Trust statement on club finances

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Author Topic: New Trust statement on club finances  (Read 19559 times)
cobblertone
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« Reply #760 on: August 31, 2021, 13:46:50 pm »

Hearts owner gives shares to Hearts foundation.
Today, Heart of Midlothian officially becomes the biggest fan-owned club in British football

https://www.bbc.co.uk/sport/football/58385733

Around 8,000 supporters make monthly pledges to the group with them officially taking ownership on Monday.

Do we have 8K willing to match the level of the 10 Million they put into the club and ground.

Impossible to tell what we could raise but hats off to Hearts, they clearly have developed some great momentum.
Simple maths suggests we would struggle to raise anywhere near that level of funding:

- They have given 10m over 7 years. That would be 5,000 people giving 285 each per year.
- 5,000 giving 10 a month would represent just under 1m a year

Their 8,000 giving an average of 20 a month would generate 2m a year.

We'd be better off attracting a consortium of local businesses that could put in regular amounts.

Whatever the ultimate outcome at Hearts it must drive far greater fan engagement and passion for their club.
I personally just don't think we have that in our support in enough numbers, although I'm sure we have plenty of followers with a few quid.
We'll see if we ever get the over priced exec boxes.
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All he had to do was build a stand.
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