Log in

View Full Version : Hearts "meet the fans"


PatHead
22-03-2010, 10:44 PM
Was chatting to a Jambo acqaintance in pub tonight who was at a meet the fans forum at tynie,

He said that the Liths confirmed they have ditched plans for hotel etc and are looking to build new stand with Corporate facilities for £15m.

They will not start build until they are "breaking even" and they must break even by 2012.

Unfortunately he did not know what they meant by break even- if that meant debt free or not making losses.

He also mentioned a new debt for equity deal in the summer

Anyone else admit to knowing a Jambo at the meeting or have any further feedback?
PatHead
22-03-2010, 10:45 PM
Meant to add where will they get £15 far less £15m?
HibeeB
23-03-2010, 07:57 AM
Meant to add where will they get £15 far less £15m?

Vlad will lend them it.







The interest keeps his bank solvent :cool2:
jacomo
23-03-2010, 10:02 AM
He said that the Liths confirmed they have ditched plans for hotel etc and are looking to build new stand with Corporate facilities for £15m.


In other words, the original planning application - the one that cost over £1m and supposedly filled several large cardboard boxes - is junk.

Hearts are back to square one.
Danderhall Hibs
23-03-2010, 10:18 AM
The interest keeps his bank solvent :cool2:

Hearts don't pay interest to his bank. They just add it on to the debt.
degenerated
23-03-2010, 11:50 AM
Hearts don't pay interest to his bank. They just add it on to the debt.


good news for vlad, interest accruing upon interest.
Bad Martini
23-03-2010, 12:00 PM
Was chatting to a Jambo acqaintance in pub tonight who was at a meet the fans forum at tynie,

I take it naebody asked what time the Chelsea game was on at then? :greengrin
Peevemor
23-03-2010, 12:05 PM
It'll be interesting to see if the Council keep the school site etc. until HoMoFC are in a position to buy it (they have'nt paid anything for it to date) or if they'll now be open to other offers.
Bad Martini
23-03-2010, 12:08 PM
It'll be interesting to see if the Council keep the school site etc. until HoMoFC are in a position to buy it (they have'nt paid anything for it to date) or if they'll now be open to other offers.

I think they were evaluated on ability to pay in the same vein as a provvy loan, and with that in mind, the cooncil noted their request for the building but in fact decided their request for a pre-owned polis box from the 80's was more befitting them...I believe they were looking to use it for selling season tickets after they've fully renovated it :greengrin