St Mirren are in a brilliant position as far as debts and liabilities go. Much of this is of course down to the Tesco ground deal, however the club was being well run before that happened.
St Mirren are in the extraordinary position in the SPL of having no debt, and they are even getting interest on the money they have in the bank. It cannot be emphasised enough how great this is for the club. As a comparison in 2009 season Hibs paid out roughly £160,000 in interest on their loans, and Hearts in 2008 a mind-blowing £2.2m !!
The club do have an overdraft of £308,000 but this is more than covered by the cash in the bank of £853,000.
The last graph shows all the assets of the club, against all the liabilities of
the club. The figures again show that the club has been run prudently. The
ground move, and money from the sale of Love Street have boosted the figures
dramatically.
As a comparison Hibs have Net Assets of just under £700k, and Hearts a major problem with net liabilities of £15m.
St Mirren - Debt