Jambo Stand Update - Volume 7 Episode 7:0

[Geo_1875]

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I don’t think they can pick and choose who to pay back. As you say though the poppy money got paid – by Sir Tom Farmer as the rumour goes.

But they did. They chose to pay nobody.

I'm pretty sure if they did choose to pay anybody back it would be perfectly legal as the administration has been settled.

[brog]

I'm sure CWG can give the definitive answer but none of the small creditors would have received anything.

[CropleyWasGod]

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But they did. They chose to pay nobody.

I'm pretty sure if they did choose to pay anybody back it would be perfectly legal as the administration has been settled.

They can't pay anybody at all now. That would be unfair to those they don't pay, as well as prejudicial to those they currently do business with.

[Bostonhibby]

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I don’t think they can pick and choose who to pay back. As you say though the poppy money got paid – by Sir Tom Farmer as the rumour goes.

FA rules are that they must repay football debts as a condition of their membership. Think they were the only ones that survive an admin event. Doesn't mean they have actually paid though.

[Danderhall Hibs]

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I'm sure CWG can give the definitive answer but none of the small creditors would have received anything.

Heard rumours that Budge paid it all back, barring the Ukio debt?

[CropleyWasGod]

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Heard rumours that Budge paid it all back, barring the Ukio debt?

I think we would have heard more than "rumours" if she had. The positive PR would have been irresistible.

[Ozyhibby]

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Heard rumours that Budge paid it all back, barring the Ukio debt?

Absolutely no chance. She is not stupid.


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[Danderhall Hibs]

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I think we would have heard more than "rumours" if she had. The positive PR would have been irresistible.

I did wonder that but it was pretty convincing.

[Bostonhibby]

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Absolutely no chance. She is not stupid.


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Football debt only paid, because they had to, and not by Budge.

http://www.heraldscotland.com/sport/...rship.25842766

[Kato]

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Heard rumours that Budge paid it all back, barring the Ukio debt?

I take it the rumours stemmed from a Hearts supporting source who is also good at making up fairy tales.

[Danderhall Hibs]

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I take it the rumours stemmed from a Hearts supporting source who is also good at making up fairy tales.

A Hearts supporter who is an intelligent, financially aware/astute man.

[Bostonhibby]

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A Hearts supporter who is an intelligent, financially aware/astute man.

See link above quoting budgie

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[hibs0666]

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Heard rumours that Budge paid it all back, barring the Ukio debt?

Not a hope.

[Kato]

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A Hearts supporter who is an intelligent, financially aware/astute man.

....they should employ him at Tynie with those credentials, been missing at Tynie for years. Good at spinning nonsense as well.

[Brummie_Hibs]

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A Hearts supporter who is an intelligent, financially aware/astute man.

An Oxymoron, if I ever did hear one!

[Smartie]

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An Oxymoron, if I ever did hear one!

Up there with "Jambo with a penchant for the older lady".

[GreenLake]

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A Hearts supporter who is an intelligent, financially aware/astute man.

Yet he still supports them?

[Danderhall Hibs]

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Yet he still supports them?

Yes. I'm not sure why he'd stop supporting them?

Obviously he's been told/read that they've paid the debts (excluding Ukio) and believed it. Maybe cos he wants to rather than cos it happened.

[Danderhall Hibs]

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See link above quoting budgie

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Cheers - maybe a (deliberate) mix up.

[Bostonhibby]

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Cheers - maybe a (deliberate) mix up.

Welcome
To be fair they always said they owed it to themselves so maybe they paid it all to themselves!

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[Dashing Bob S]

I'm sure the stand will happen at some point, basically because, given the state of the Asbo stand, it just has to.

BUT

1. It will not be built on time.
2. It will cost more than they budgeted for.
3. It will scupper fan ownership plans or hold them back.
4. It will be *****, cheaper, smaller and crapper than ours.
5. It will divert funds from the team and performances, league placing and attendances will plummet to the point they will be wondering why they bothered in the first place.

[WhileTheChief..]

Hopefully it will be that mingling shade of pink too in keeping with the rest of the place.

[Wee Effen Bee]

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Why would the new Hearts regime pay the bills of the old one? They may well of done for creditors that they still do business with but they're not obliged to at all.

If my local chippy goes into admin and I then take it over it's not up to me to pay the suppliers etc that were stiffed by the previous owners.

Also, bear in mind that businesses pay their bills in arrears. On the day that Hearts went into administration there would have been a lot of outstanding invoices purely down to business as usual. I'd bet that many of these companies continue to do business with Hearts even though Vlad left them out of pocket.

I don't see how Budge is responsible for any of the previous regime's antics.

This thread is as bad as Kickback.

That's because your business would have absolutely no links whatsoever with the previous incumbent of the chippy...unlike HMFC: same club, same fans, same traditions etc. Tom Farmer did it for Hibs' creditors because he felt the previous regime had, in a way, 'ripped them off' and he didn't want any negativity attached to Hibernian.
I do see your point about this thread but, at the end of the day, it is just Hibs supporters chatting with a lot of 'whataboutery' and 'ifs' and 'maybes' thrown in for good measure.

[stantonhibby]

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Why would the new Hearts regime pay the bills of the old one? They may well of done for creditors that they still do business with but they're not obliged to at all.

If my local chippy goes into admin and I then take it over it's not up to me to pay the suppliers etc that were stiffed by the previous owners.

Also, bear in mind that businesses pay their bills in arrears. On the day that Hearts went into administration there would have been a lot of outstanding invoices purely down to business as usual. I'd bet that many of these companies continue to do business with Hearts even though Vlad left them out of pocket.

I don't see how Budge is responsible for any of the previous regime's antics.

This thread is as bad as Kickback.

Your first paragraph is correct.

However on the day they went into Administration their debts were so high because they chose to prioritise chasing success on the pitch by paying inflated wages they couldn't afford rather than pay their creditors.

[Jack Hackett]

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Your first paragraph is correct.

However on the day they went into Administration their debts were so high because they chose to prioritise chasing success on the pitch by paying inflated wages they couldn't afford rather than pay their creditors.

It's often conveniently overlooked that they outright lied about their ability to meet their obligations for months before they finally admitted their insolvency, right up to the point where they cheated Dundee out of a place in the SPL.

What was that phrase they used..."We are now self-sufficient"?

Edit

Sorry. I forgot...a big boy did it and ran away

[Trainor]

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I'm sure the stand will happen at some point, basically because, given the state of the Asbo stand, it just has to.

BUT

1. It will not be built on time.
2. It will cost more than they budgeted for.
3. It will scupper fan ownership plans or hold them back.
4. It will be *****, cheaper, smaller and crapper than ours.
5. It will divert funds from the team and performances, league placing and attendances will plummet to the point they will be wondering why they bothered in the first place.

http://www.edinburghnews.scotsman.co...lans-1-4249656

........getting the go ahead by the looks of things, but 3 weeks behind already!

[Moulin Yarns]

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http://www.edinburghnews.scotsman.co...lans-1-4249656

........getting the go ahead by the looks of things, but 3 weeks behind already!

Amazing how something that has yet to receive permission to go ahead, and is not due to start for another 4 weeks is already 3 weeks behind schedule!!

Hearts owner Ann Budge has told BBC Scotland work should commence on the redevelopment of the main stand at Tynecastle in November.

[GreenCastle]

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http://www.edinburghnews.scotsman.co...lans-1-4249656

........getting the go ahead by the looks of things, but 3 weeks behind already!

Good...spend spend spend...a lot of money for an extra 3,000 seats and new stand that continues to mean the smallest pitch in league.

Get rid of the death trap main stand once and for all.

Was round at the stadium last week - new work is still happening underneath the Wheatfield (done by Budge's brother supposedly - hence cheap deal) - the place is still a dump - complete mess underneath the Roseburn Stand - you would think they would clean it up as it's right next to the new memorial they have built in the corner.. Old tractors / old chairs / rubbish etc - complete eyesore and ugly stadium.

[jacomo]

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http://www.edinburghnews.scotsman.co...lans-1-4249656

........getting the go ahead by the looks of things, but 3 weeks behind already!

I see some bright spark has confidently asserted it will be 'the best stadia in the East of Scotland.'

Are they building two of them?

[Bostonhibby]

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It's often conveniently overlooked that they outright lied about their ability to meet their obligations for months before they finally admitted their insolvency, right up to the point where they cheated Dundee out of a place in the SPL.

What was that phrase they used..."We are now self-sufficient"?

Edit

Sorry. I forgot...a big boy did it and ran away

Suppose in the mind of a believer self sufficiency is achievable if you owe all the debt to yourselves.

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