Hearts owner Ann Budge has revealed the club have lost around £1 million as a result of the Covid-19 outbreak.

Football is currently suspended, as measures are taken to try and minimise the spread of the disease, which continues to ravage the world.

The decision to suspend football in Scotland was taken last Friday by the SPFL, and there will undoubtedly be consequences for all clubs.

Budge has a 75.1 percent shareholding in Hearts (Photo by Mark Runnacles/Getty Images)

Early indications are that football won’t resume for months, meaning financial hits will be unavoidable.


Budge, who has a 75.1 percent shareholding in Hearts and has been on the scene since 2014, has been discussing the impact of the situation on her club.

She said (quoted by The Edinburgh Evening News): “On Friday morning when that decision [to suspend football] was made, we had four home fixtures. In terms of income for the club, that is well over £500,000.

“We had a Scottish Cup [semi-final]. In terms of income to the club, again well over £500,000. So, in the blink of an eye, £1 million that we anticipated having as income in April has gone.

Budge has admitted transferring ownership to the fans could be delayed (Photo by Ian MacNicol/Getty Images)

“That has a huge impact on any club.”

Budge also explained that non-football income taking a hit, combined with the threat of being relegated, makes for ‘a serious situation’.

A Jambos mess

It’s a big hit for Hearts, but the situation is the same, if not worse for other teams in Scotland.

Budge has said that she intends to fight any decision that keeps the football standings as they are – the Jambos of course, are currently four points adrift at the bottom of the Premiership.

It remains to be seen what will happen, as this unprecedented situation demands a solution.

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