Hearts owner Ann Budge has revealed that the club would not be running had it not been for the Foundation of Hearts’ continued financial support.
Budge, who was speaking at the fans group’s first Annual General Meeting at Tynecastle, thanked the 300 members that attended and the 8000 pledgers who give the Jambos an extra £1.5 million of income each year.
The Hearts chairwoman admitted that the cash injections remain vital as Hearts bid to build a solid base for the future.
She said: “I would like to say a big thank you. When we set out on this journey it was clear that the club could only move forward from the survival mode it was in with significant financial support from the supporters. All of the supporters groups have been fantastic, but clearly without the regular monthly contributions from the FOH the club would be severely constrained.
“We carefully monitor what’s going on every month and although we’re having a great year, the reality is that without the FOH monies coming in, we would today be sitting with a small loss. So it’s crucial. I think of the club and FOH as one.”