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Hearts have announced a profit of £2.3million and a rising turnover of £1.3m – even though they spent £6.9m on redeveloping Tynecastle Park.

The club’s annual accounts have also revealed a mystery benefactor bankrolled them to the tune of £2.5m.

The Premiership outfit have released their figures for the financial year ending June 2017 and they make for positive reading.

Given to shareholders ahead of Hearts’ 111th annual meeting on December 11, the numbers are largely down to this ‘exceptional donation’ from an unnamed benefactor.

(Image: SNS)

This was put towards the construction costs of the new main stand, which was finally opened on Sunday to great acclaim ahead of the 1-1 draw against Partick Thistle.

Owner Ann Budge admitted the project was expected to go over budget but the new financials reveal Hearts have secured a bank loan of £1.75m which they can use if needs be.

Fans’ group Foundation of Hearts also ploughed in £1.5m towards the cost of the new main stand.

(Image: SNS) (Image: SNS)

The increased turnover is attributed to a season ticket spike.

The delay to the opening of the main stand drew criticism but has now widely been lauded. On Monday afternoon the SPFL released a statement that read: “The new Tynecastle stand represents a very significant investment by Hearts and is an extremely welcome addition to the game in Scotland.”