The future's bright

07 November 2012 06:54
As Hearts claim they could fold within weeks, the future appears to be rather rosier in Paisley going by the club's annual accounts, which were sent to shareholders this week.

I won't see a copy of them myself until the weekend, however it seems we made a loss of about £290,000 last season. This doesn't sound too good but apparently includes depreciation of just over £300,000 so it could be argued we made a slight profit.

The wage bill has increased by £27,000 but as turnover went up by £130,000 this isn't too big an issue. The increase works out at an extra player at about £500 so is pretty impressive when you compare last season's squad with the one that went before it!

Also in the accounts is a bit more news about plans for the ground, including fitting out the void in the stand and putting a cover over the five-a-side pitches, which could then be rented out to other clubs to raise money.

Armageddon? Not in Paisley!

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Source: Mirren MAD