A lot of cutbacks in place, still big losses

We’re certainly no financial wizards at WeKnowSFA and we do know that the Hearts debt situation is different to the one that is faced by the vast majority of clubs around the world. This is because Hearts are owned by Vladimir Romanov who is also chairman of UBIG, the investment company which links many different strands including Ukio Bankas and other industries together.

If all of Hearts debt is owed to their owner and his companies, there is not going to be a great rush to see them put of business. However, with these debts rising, cutbacks to turn the tide are likely to have an impact on the footballing side.

Jambo’s boss Jim Jefferies was putting on a brave face when questioned about the debt which now stands at £35m but the boss said that he knows his budget and he will work within it. It is one thing to work within it but can he make Hearts a success on a much reduced budget?

Hearts have been crying out for a striker this season and brought some strikers in on trial in the January transfer window. Other clubs were able to come in and offer more lucrative deals for Hearts so if the Jambos budget is reduced from what it was in January, what are the chances of getting someone good in?

Hearts may be able to turn to youth for the solution and there is no doubt that Hearts have a healthy crop of youngsters available to choose from. However, the sale of Christophe Berra was a major factor on the spreadsheet of released figures, so there is likely to be increasing pressure on player sales to continue?

Can Hearts continue to remain a top six team on a reduced budget?

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