The good doctor making sure her legacy is a healthy one on paper by providing a loan so the simple fans think they've made an actual profit?This quote is hidden because you are ignoring this member. Show Quote
Sent from my SM-J320FN using Tapatalk
Results 61 to 90 of 170
Thread: Hearts’ unnamed benefactor
-
20-11-2017 10:51 AM #61
"I did not need any persuasion to play for such a great club, the Hibs result is still one of the first I look for"
Sir Matt Busby
-
20-11-2017 11:34 AM #62This quote is hidden because you are ignoring this member. Show Quote
-
20-11-2017 11:35 AM #63This quote is hidden because you are ignoring this member. Show Quote
Sent from my SM-J320FN using Tapatalk
"I did not need any persuasion to play for such a great club, the Hibs result is still one of the first I look for"
Sir Matt Busby
-
20-11-2017 11:36 AM #64
Is it a donation or a loan?
I thought a donation was a gift therefore you don't have to pay it back.
-
20-11-2017 11:38 AM #65This quote is hidden because you are ignoring this member. Show Quote
1. the donation from a benefactor, which earlier discussion suggests was from the Rosebery family.
2. in October, they took out a loan of £1.75m. Source and terms as yet unknown.
-
20-11-2017 11:54 AM #66This quote is hidden because you are ignoring this member. Show Quote
Maybe an individual would be scared their wife finds out?
Maybe a company would be scared of the negative publicity of being associated with them?
Maybe a public body who shouldn't be giving them money?
Or maybe something more sinister. We deserve to know.
-
20-11-2017 11:59 AM #67This quote is hidden because you are ignoring this member. Show Quote
Lots of people make donations anonymously for a variety of reasons. Some people just don't like the limelight. And, yeah, there may be "political" (in the widest sense of the word) for doing so.
Some might fear a brick being put through their window.
-
20-11-2017 12:03 PM #68
Are the roseberry family not a bit shirt of cash. Sure I read they own dalmeny estate and needed money to fund renovations and maintenance.
-
20-11-2017 12:09 PM #69This quote is hidden because you are ignoring this member. Show Quote
-
20-11-2017 12:11 PM #70This quote is hidden because you are ignoring this member. Show Quote
http://www.independent.co.uk/arts-en...e-9901511.html
It also crossed my mind that HMFC's use of the Rosebery colours for their away strip might have been a part of a deal. This is from 2016:-
The club is delighted that the longstanding support of the Rosebery dynasty has been assured as the club continues its remarkable journey. Son of the current the Earl of Rosebery, Lord Dalmeny is a keen Hearts fan and his son, Caspian Primrose proved to be a fine mascot for the team when he took to the field for the victorious end of season encounter against Aberdeen.Last edited by CropleyWasGod; 20-11-2017 at 12:14 PM.
-
20-11-2017 12:24 PM #71
It doesn’t matter who the benefactor is, the important thing is that (unless they make the same donation every year) without it they made a loss and without the FOH money, they made a huge loss.
None of this income is guaranteed, particularly if they continue to play as badly as they are. With a stand to finish, and to finish paying for, they will still be up against it for a wee while to come.
-
20-11-2017 12:28 PM #72This quote is hidden because you are ignoring this member. Show Quote
-
20-11-2017 12:29 PM #73This quote is hidden because you are ignoring this member. Show Quote
-
20-11-2017 12:40 PM #74
Making a profit after a gift of 2.5 million or whatever it was is hardly making profit in real terms is it? If I make a living selling pencils and I'm down on the deal at the end of the year I can hardly say my pencil selling business is doing well if I'm adding money I got for Christmas from my uncle Fred onto the books.
Yamenomics at their finest ... even if it is legit to add gifts onto the books
-
20-11-2017 01:24 PM #75
- Join Date
- Dec 2007
- Posts
- 2,519
I was told a while back that directors of Baillie Gifford were helping to bankroll the new stand. Wouldn't be investing my hard earned with them if they are so wasteful with their own cash!
-
20-11-2017 01:55 PM #76
The mysterious benefactor could in fact be Edinburgh Council? It seems to be pointing that way ... last minute safety cert, GG can fill in the rest re building control and changes not been updated plus, the very reason for being unnamed??? Says it all to me! Probably haven't paid their council tax again.
-
20-11-2017 01:57 PM #77This quote is hidden because you are ignoring this member. Show Quote
Can't see how ECC could keep that quiet.
Also interesting that they have arranged a £1.75m loan - that must be a VERY trusting bank, given their record of reneging on debt.
-
20-11-2017 02:03 PM #78This quote is hidden because you are ignoring this member. Show Quote
-
20-11-2017 02:09 PM #79This quote is hidden because you are ignoring this member. Show Quote
Sent from my iPhone using Tapatalk
-
20-11-2017 03:04 PM #80This quote is hidden because you are ignoring this member. Show Quote
-
20-11-2017 03:10 PM #81This quote is hidden because you are ignoring this member. Show Quote
There will be nothing stopping individual partners using their own finances to gift money to them but as they all come from investment backgrounds there can't be many of them that will be prepared simply to throw their money away!
I'm getting a bit lost on all these benefactors Hearts seem to have magically unearthed...are we saying that they were gifted £2.5m this season just to cover running costs, £3.5m to help cover the stand cost AND have a new loan of £1.7m?
-
20-11-2017 03:15 PM #82This quote is hidden because you are ignoring this member. Show Quote
£1.75m loan in October.
-
20-11-2017 03:16 PM #83This quote is hidden because you are ignoring this member. Show Quote"We know the people who have invested so far are simple fans." Vladimir Romanov - Scotsman 10th December 2012
"Romanov was like a breath of fresh air - laced with cyanide." Me.
-
20-11-2017 03:18 PM #84
- Join Date
- Jul 2002
- Location
- Don't actually know right now
- Posts
- 8,498
This quote is hidden because you are ignoring this member. Show Quote"You opened the box....and your soul belongs to me...."
-
20-11-2017 03:21 PM #85This quote is hidden because you are ignoring this member. Show Quote
But the question is then I suppose how much of the stand cost has been reflected in these accounts? As it would seem, on the face of it, that this cash appears to have been used for running costs rather than capital expenditure (although I've only skimmed this thread and not read any of the accounts )
-
20-11-2017 03:23 PM #86This quote is hidden because you are ignoring this member. Show Quote
In this case, I don't think it will be. Although it's been included in the P&L account as income, I am guessing that it's a capital contribution to the new stand. As such, it might become taxable if and when they sell the stadium; in other words, very unlikely.
The Yams think so, too. The relevant note in the accounts more or less says that.
-
20-11-2017 03:30 PM #87This quote is hidden because you are ignoring this member. Show Quote
They have included £5.5m costs of the new stand; presumably, that's what they had spent up to the end of June.
Thinking more on this, there is an argument to say that the £2.5m should have been deducted from the £5.5m in the accounts, as it seems to be a contribution to the new stand. I don't think it has been used for running costs, as you suggest, just that it might be (in accounting terms) in the "wrong place".
Whichever way you slice it, they traded at a loss... a loss that was not much less than ours.
-
20-11-2017 03:59 PM #88
Think your spot on!!
This quote is hidden because you are ignoring this member. Show Quote
I heard it was 3 Directors, all Rugby wallahs, from Hearts supporting families who work at Baillie Gifford and have donated over £6 million between them, for the new Stand.
-
20-11-2017 04:34 PM #89
- Join Date
- Mar 2016
- Posts
- 5,644
This quote is hidden because you are ignoring this member. Show Quote
http://www.edinburghnews.scotsman.co...oter-1-3829222
-
20-11-2017 04:37 PM #90This quote is hidden because you are ignoring this member. Show Quote
Folk with that type of money didn't acquire it by doling it out anonymously to organisations they have no real involvement with.
They give it to charities and are most like to be seen as the good people they are for doing so.
Anybody giving serious monies to a Football Team is off their chump, you only have to look at the abuse STF has received over the year for not bankrolling Hibs further.
The point most folk continuously miss over this entire issue in amongst the smokescreen of anonymous benefactors is how much FOH have given them.
Even the stupidest arse in the land will finally get something to work eventually, when they do the FOH monies will give them a huge financial advantage over us unless we step up to the plate collectively
That is why the continuing lethargy over HSL and snails pace progress on anything that HSL do is so damaging to us in the long term.
Log in to remove the advert |
Bookmarks