Heart of Midlothian announced a £2.4m loss for the year ending 30 June. It was the first 12 months of Brighton & Hove Albion owner Tony Bloom's involvement with the Scottish Premiership club.
Annual accounts
The accounts show turnover was more than £23m.
Bloom investment
Bloom invested £10m to take a 29% non-voting stake in Hearts. Hearts were looking to benefit from his Jamestown Analytics recruitment network.
Player trading and outlook
Hearts indicate an amount of £1.8m was gained on player trading during the period. Hearts also indicate that £7.8m was spent on acquisitions during the period.
In a statement to shareholders, Hearts said they expect a significant improvement in the next set of accounts due to "further momentum" in player trading. In the same statement, Hearts said the club are "engaged in positive discussions regarding further investment" to assist with their long-term ambitions.
Season outcome and meeting
Hearts missed out on their first Scottish title for 66 years following a final-day defeat by reigning champions Celtic. Hearts' annual meeting will take place in early December.
