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Hearts - Debt

 

 

Over the last few years many attempts have been made at trying to present the debt figures to try and get some understanding of what is going on. These can be seen on the 2008 results page.

This year this has been simplified and the single graph below shows the figure the club are quoting as the Net Debt.

This is the total of all the money that has been borrowed by the club, that is still outstanding. Some of it is classified as having to be paid within a year, others as older than a year. All of this is essentially irrelevant as all the money is owed to companies that are owned, or controlled by the Romanovs.

For any other company, or club, the situation would be completely unworkable, and the bank would have done something about the situation.

Net Debt