Tynecastle Re-Development

[Big_Franck]

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Before I say this can someone confirm that the yams called of a game due to a flood risk recently?

Pretty sure that game was called off because their pitch was waterlogged, not because of flooding.

Of course anyone that lives in that area knows it hadnt rained for about 3 days before that game and it was called off after only a few houra rain.

[greenginger]

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PAN lodged 23 March. Budge promised an application within 8 weeks. 2.5 weeks to go. Anybody been to their community events or seen them advertised. Mibbies she's not told the truth.

Public meeting in the Gorgie Suite 2nd, 3rd and 4th of May.

http://www.heartsfc.co.uk/news/5127

[Viva_Palmeiras]

Jambo closes CERN ...

http://www.bbc.co.uk/news/world-europe-36173247

[Sergey]

Just tweeted:

Hearts reveal Tynecastle redevelopment will cost £11-12 million. New main stand to open Sep 2017. Half of the funding already in place.

So if I do the maths - they are circa £6 million shy.

[Mr White]

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Just tweeted:



So if I do the maths - they are circa £6 million shy.

Nae bother. They'll either owe it to themselves or bump some poor unsuspecting patsies

[SJM]

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Nae bother. They'll either owe it to themselves or bump some poor unsuspecting patsies

Budge will fund the rest and be payed back or she will get credit or similar.

[green day]

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Just tweeted:



So if I do the maths - they are circa £6 million shy.

I am more confused about where the other £5.5 M "already in place" came from???

[emerald green]

They were £millions shy regarding all their creditors, but it doesn't seem to have done HMFC any harm.

[Aldo]

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They were £millions shy regarding all their creditors, but it doesn't seem to have done HMFC any harm.

Funny that!! It pays to cheat!!

[Mr White]

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credit or similar.

[Radium]

From Kenny Millar on Twitter

Also plans for a new rooftop restaurant overlooking Edinburgh Castle. More to follow on @


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[Ozyhibby]

Player sales is the most likely source.
Walker, Nicolson and Patterson could bring in £4m+
That's about it though. I can't see a fee being paid for anyone else.


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[Big_Franck]

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Player sales is the most likely source.
Walker, Nicolson and Patterson could bring in £4m+
That's about it though. I can't see a fee being paid for anyone else.


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They wouldn't call that funding 'already in place' though. Where the f*** did they get 5.5m from? Have I missed a huge investment in to the tax cheats recently?

[Ged]

Well if they're spending 12m on a stand it means they're not spending that on players. We've already been there and done that.

[CropleyWasGod]

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They wouldn't call that funding 'already in place' though. Where the f*** did they get 5.5m from? Have I missed a huge investment in to the tax cheats recently?

Likeliest is an external loan , guaranteed by AB. Less likely is a loan from her.

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[Thecat23]

Hearts building a £12m new main stand?

Sorry but I call bull**** on that and don't care who or where this has come from!

[GreenLake]

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Budge will fund the rest and be payed back or she will get credit or similar.

I would be tempted to fund some of that at the interest rates she charges. You can't get those rates on junk bonds.

[green day]

BBC site says the auld bird said "they are confident it will be "completely paid for, with no bank debt at all."

That is highly confusing but she said all would be revealed soon.

I just assume she is putting up the cash and being paid back on the never never??

[green day]

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Likeliest is an external loan , guaranteed by AB. Less likely is a loan from her.

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"Mrs Budge advised the club anticipates that when the first team run out in front of the new Main Stand for the first time, it will be completely paid for, with no bank debt at all"

Completely paid for by Sept 2017 is a bold statement.

Wonder if all the FoH cash is going to the stand?

[Aldo]

Holy *****.... From £28 million in debt, into Administration where they bumped everyone and a few years later this.

Cheats do indeed prosper!!

[truehibernian]

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Holy *****.... From £28 million in debt, into Administration where they bumped everyone and a few years later this.

Cheats do indeed prosper!!

Take a wee look at the other 3 stands Aldo and breathe............

[CropleyWasGod]

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"Mrs Budge advised the club anticipates that when the first team run out in front of the new Main Stand for the first time, it will be completely paid for, with no bank debt at all"

Completely paid for by Sept 2017 is a bold statement.

Wonder if all the FoH cash is going to the stand?

It's possible, but I'm reading that statement slightly differently. Of course it will be "paid for", just as a house is paid for when you move in. That doesn't mean, of course, that you don't have any debt :)
She uses the phrase "no bank debt"...not "no debt". :)

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[Bostonhibby]

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"Mrs Budge advised the club anticipates that when the first team run out in front of the new Main Stand for the first time, it will be completely paid for, with no bank debt at all"

Completely paid for by Sept 2017 is a bold statement.

Wonder if all the FoH cash is going to the stand?

They'd need to bake a lot of cakes if it isn't.

I can't see there being much poppy fund money about either this time around so whose cash will they do it with this time?

[Aldo]

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Take a wee look at the other 3 stands Aldo and breathe............

And breathe...... You are indeed correct TH!!

[Danderhall Hibs]

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Player sales is the most likely source.
Walker, Nicolson and Patterson could bring in £4m+
That's about it though. I can't see a fee being paid for anyone else.


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I don't get the Patterson love in.

There's never to my knowledge even been any speculation about anyone wanting him so if doubt there's someone sitting with a big brown envelope with £2m in it.

[Danderhall Hibs]

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It's possible, but I'm reading that statement slightly differently. Of course it will be "paid for", just as a house is paid for when you move in. That doesn't mean, of course, that you don't have any debt :)
She uses the phrase "no bank debt"...not "no debt". :)

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Would they be allowed bank debt anyway? So soon after bumping so many folk?

[O'Rourke3]

Paid for and named by some Corporate sponsor for ?10 years. Hilton or Tesco. Then they own the lease...

[Ozyhibby]

http://www.edinburghnews.scotsman.co...tand-1-4116908


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[CropleyWasGod]

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Would they be allowed bank debt anyway? So soon after bumping so many folk?

With a decent business plan, repayment proposals and security, don't see why not. ....except banks are heading out of football these days :)

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[truehibernian]

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I don't get the Patterson love in.

There's never to my knowledge even been any speculation about anyone wanting him so if doubt there's someone sitting with a big brown envelope with £2m in it.

Even in their own ground their scrimping is embarrassing - at the weekend for example the Celtic stats guy was in their pokey wee media room all game - Hearts management use their IPhones for 'playback' - the Celtic media team told Hearts McGregor was onside (first half) before Robbie was able to get his iPhone out - utterly embarrassing managing from the so called 'Famous' .