Yam accounts

[Bostonhibby]

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If I was a hearts fan reading this thread I would be pissing myself laughing at the ludicrous tin foil hat conspiracy theories being bandied about.

As one or two have mentioned, any accountant signing off accounts knowing or suspecting they were bent would be out on his ear and never work again.

They have people who want to give them money, and Budge is loaning them more cash.

Those people didn't want to flush it down the drain during the Administration event (perhaps because they are not stupid?).

It's not difficult to understand.........

Tend to agree with this as the accountants appear to have more strict responsibility for signing off accounts than before and they're clearly being done to a different standard from their pre administration eras.

Where the head scratching begins for me is how they are actually managing the cash. It's not really about how much they've got but what value they're getting with it. Up to them though. The business model ain't sound but each to their own.

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[WhileTheChief..]

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have said it before but this thread is pathetic and absolutly reeks.the number of "Hibs" fans sticking up for the Yams is really quite ridiculous i suspect many are undercoer Yams but some are our own fans who seems to have forgotten everything.i hate hearts, hate their smug fans and everything about theur club.anyone who thinks different really shouldn't bother coming to Easter Road.

they are **** and have been conducting dodgy dealings as long as i remember - they should be given no credit whatsoever for "saving" their club - they got lucky and ended up ripping off lots of people without a hint or remorse.

So anyone that doesn’t hate Hearts as much as you shouldn’t bother going to ER?

Are you for real? They’re a rival football team, no more, no less.

Grow up FFS.

[WhileTheChief..]

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If I was a hearts fan reading this thread I would be pissing myself laughing at the ludicrous tin foil hat conspiracy theories being bandied about.

As one or two have mentioned, any accountant signing off accounts knowing or suspecting they were bent would be out on his ear and never work again.

They have people who want to give them money, and Budge is loaning them more cash.

Those people didn't want to flush it down the drain during the Administration event (perhaps because they are not stupid?).

It's not difficult to understand.........

Careful now.

You’re no a proper Hibs fans obviously and should stay away from ER.

The accountants are all in on it and are part of the conspiracy. I thought everyone knew that by now!

[greenginger]

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The donors don't get any tax relief for charitable contrubutions, unless they're Higher-rate taxpayers.

However, for every £1 that someone donates, STC can claim 25p from HMRC.

Is that what you were meaning?

Yep something like that.

[jacomo]

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The real sad thing in this thread is noticing how many people still say Yams. It's always been awful and it's hardly even a great insult. Stunned it still gets used.

You don’t like it but others do. The written language is different to the spoken language, and online has its own set of rules.

It’s ok, it really is. If someone writes ‘yam’ and you understand the meaning then this communication medium is functioning as it should.

There are much more important things to worry about.

[jacomo]

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If I was a hearts fan reading this thread I would be pissing myself laughing at the ludicrous tin foil hat conspiracy theories being bandied about.

As one or two have mentioned, any accountant signing off accounts knowing or suspecting they were bent would be out on his ear and never work again.

They have people who want to give them money, and Budge is loaning them more cash.

Those people didn't want to flush it down the drain during the Administration event (perhaps because they are not stupid?).

It's not difficult to understand.........

Accountants gave Carillion a clean bill of health months before it collapsed. Happens all the time.

[CropleyWasGod]

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Accountants gave Carillion a clean bill of health months before it collapsed. Happens all the time.

See my comments earlier about Carillion and Hearts.

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[I'm Spartacus]

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It's not Anne Budge.

I'm guessing you have the same info that I do? An Energy Company with offices in Edinburgh.

[greenginger]

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I'm guessing you have the same info that I do? An Energy Company with offices in Edinburgh.

What's not Anne Budge ? lost track of this one.

[CropleyWasGod]

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What's not Anne Budge ? lost track of this one.

Me.

[lapsedhibee]

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It's not Anne Budge

Well it's certainly not Julie Andrews.

[Gmack7]

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I'm guessing you have the same info that I do? An Energy Company with offices in Edinburgh.

Cairn?

[Zondervan]

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Cairn?

I hear (from Jambo mate in work) that it is 2 partners in Baillie Gifford.

Personal Fund Manager bonuses making their way to HMFC.


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[I'm Spartacus]

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What's not Anne Budge? lost track of this one.

Come on Ginge!!! You're all over them like a rash!!! You should be telling us this factual info ;)

The question is "Who is the mystery benefactor(s)?"

I'm told its come from within Cairn, somebody else says Baillie Gifford.

[One Day Soon]

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Been done to death on other threads in the past but there's quite a few who like it and have used it for a long time. I'm one of them and whilst I like and use others as well, until there's an official Hibs.net approved list I'm going to use what I like and ignore the ones I don't. It's easy.



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I think it works particularly well as part of the term Yam Fud.

[FilipinoHibs]

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I hear (from Jambo mate in work) that it is 2 partners in Baillie Gifford.

Personal Fund Manager bonuses making their way to HMFC.


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This is old one. The partners there have wrong social background and donations are way out of proportion to the bonuses for middle and lower ranking partners. The money keeps on coming year after year. This is Budge fire fighting tactic.

[FilipinoHibs]

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Accountants gave Carillion a clean bill of health months before it collapsed. Happens all the time.

There is nothing dodgy with the accounts. There is in the way Hearts are funding themselves. Not sustainable and living within their means. Budge or whoever the donors are not Russian or oil oligarchs

[I'm Spartacus]

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This is old one. The partners there have wrong social background and donations are way out of proportion to the bonuses for middle and lower ranking partners. The money keeps on coming year after year. This is Budge fire fighting tactic.

And what about Cairn?

They were making huge losses but then returned a profit of £185m, not sure it would pay any 6 figure dividend.

[HIBERNIAN-0762]

Got to be the snobby Roseberrys surely?

[Zondervan]

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This is old one. The partners there have wrong social background and donations are way out of proportion to the bonuses for middle and lower ranking partners. The money keeps on coming year after year. This is Budge fire fighting tactic.

Cheers. The other thing he said was that although they are senior partners they are not active attendees at Hearts games. However the family connection went back years hence then chucking money at them. Suppose we will never know!

I assume that the Save The Children deal is in conjunction with the mystery benefactors?


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[PatHead]

I asked someone fairly senior in Baillie Gifford if there was any truth in rumours. He doubted it but said he wouldn’t be surprised if there were a couple of partners in cohoots with a much larger consortium.

[SouthsideHarp_Bhoy]

Its a serious amount of cash for someone to give expecting no return, especially if they aren't particuarly big fans.

Does seem a bit odd.

[cocteautwin]

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Its a serious amount of cash for someone to give expecting no return, especially if they aren't particuarly big fans.

Does seem a bit odd.

It's crazy amounts of money being thrown at the project. Around £20m since Admin. You can understand someone injecting cash to save the club they love but these amounts are huge. Budge isn't getting her £4.3m loans back anytime soon. Someone's put in £4.5m with no expected return and there's a further £3.3m thrown at it since the accounts were published.

[superfurryhibby]

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It's crazy amounts of money being thrown at the project. Around £20m since Admin. You can understand someone injecting cash to save the club they love but these amounts are huge. Budge isn't getting her £4.3m loans back anytime soon. Someone's put in £4.5m with no expected return and there's a further £3.3m thrown at it since the accounts were published.

Nearly £8m in anonymous donations. I assume the club must have to be able to account for where this money came from in terms of anti- money laundering? Not saying that is derived from dodgy dealings, more clarifying that they will need to have a trail of accountability in terms of the inland revenue and so will the donators?

It seems incredible that such benevolence exists and there is no return, not even an ego massage associated with it being known publicly.

If only our would be investors could do the same. There has been discussion from a member of this forum about wealthy Hibs fans being deterred from putting their money into the club by the current ownership. Although never made clear what the obstacles actually are, it frustrates me, particularly in light of their Jamboid counterparts doing so.

[Diclonius]

This thread is still going?

[CropleyWasGod]

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This thread is still going?

No, you've just imagined it.

Just as you've imagined your posting on it.

[CropleyWasGod]

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Nearly £8m in anonymous donations. I assume the club must have to be able to account for where this money came from in terms of anti- money laundering? Not saying that is derived from dodgy dealings, more clarifying that they will need to have a trail of accountability in terms of the inland revenue and so will the donators?

It seems incredible that such benevolence exists and there is no return, not even an ego massage associated with it being known publicly.

If only our would be investors could do the same. There has been discussion from a member of this forum about wealthy Hibs fans being deterred from putting their money into the club by the current ownership. Although never made clear what the obstacles actually are, it frustrates me, particularly in light of their Jamboid counterparts doing so.

It's actually £8.75m at last count.

On the money-laundering question, it doesn't take much to trigger a report to the National Crime Agency. The auditors have responsibilities to them, as well as the usual audit requirements.

I am more interested in whether there are conditions attached to the various gifts. We've already seen £1m ring-fenced to player costs, and £2m to the stand; the others are less clear.

[jacomo]

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Nearly £8m in anonymous donations. I assume the club must have to be able to account for where this money came from in terms of anti- money laundering? Not saying that is derived from dodgy dealings, more clarifying that they will need to have a trail of accountability in terms of the inland revenue and so will the donators?

It seems incredible that such benevolence exists and there is no return, not even an ego massage associated with it being known publicly.

If only our would be investors could do the same. There has been discussion from a member of this forum about wealthy Hibs fans being deterred from putting their money into the club by the current ownership. Although never made clear what the obstacles actually are, it frustrates me, particularly in light of their Jamboid counterparts doing so.

The only potential Hibs investors who’ve put their heads above the parapet are much less wealthy than our current owner, and would be unable to offer the same level of security.

I am highly dubious of these benevolent Yam philanthropists but I suppose the truth will come out one day.

[superfurryhibby]

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The only potential Hibs investors who’ve put their heads above the parapet are much less wealthy than our current owner, and would be unable to offer the same level of security.

I am highly dubious of these benevolent Yam philanthropists but I suppose the truth will come out one day.

Sure, but they would be investing with no expectation of return anyway? I was probably picturing our rich fans giving via HSL.

I’m assuming these Jambos bearing gifts are have strings attached, so they’re doing it out of love of the club. It’s a heck of a lot of money and as you say, not likely to be within the scope of our publican/ small scale property developer types.

Other clubs, Aberdeen and Motherwell among them, have had very wealthy fans giving large sums. Aside from STF, do we not have any megabucks Hibees willing to donate amillion or two.

Speaking to my anti money laundering son, he tells me that regulation is limited in its scope and mostly focuses on financial institutions and their accountability. It may well be we never find out who or what is behind the Jambos gifts, although massive egos tend to want recognition.

[MWHIBBIES]

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This thread is still going?

There are moderators and admins for a reason, best to let them worry about what threads can and can't be on the board. Don't like it don't open it.