Foundation of Hearts reach another huge money milestone thanks to Tynecastle supporters

Foundation of Hearts own Heart of Midlothian FC on behalf of supporters. Pic: SNS | SNS

Foundation of Hearts have reached another major cash milestone after their running total of pledges broke the £16m barrier. The fan group owns Heart of Midlothian FC on behalf of supporters and continue to provide significant amounts of funding.

Their latest donation took their ongoing contribution to £16,044,425 since they began taking monthly direct debits from Hearts fans 10 years ago. FoH handed over £1,627,000 of supporters' pledges throughout the 2022/23 season - an increase from £1,525,000 the previous year.

They are currently operating with more than 8,000 members who are providing Hearts with vital financial support. In a social media post, the Foundation thanked those who continue to provide the additional funding for the club. It read: "Another amazing milestone reached by the co-owners of Heart of Midlothian. Total respect!"

FoH chairman Gerry Mallon and director Donald Cumming both sit on the Hearts board as representatives of the fan-led organisation. The Foundation officially became owners of the Edinburgh club on 30 August, 2021, when Ann Budge handed over 75.1 per cent of shares.

Budge remains chairwoman at Tynecastle Park having worked closely with the Foundation since she helped Hearts out of administration in 2014.