Benny Factor joins the board

[Moulin Yarns]

Across the city.

https://www.bbc.co.uk/sport/football/57169320

[Since452]

Across the city.

https://www.bbc.co.uk/sport/football/57169320

Can only be a good thing for them.

[Moulin Yarns]

Can only be a good thing for them.

Yep, at last they have someone who understands business 😉

[green day]

They will never stop suckling at Andersons teat.

Big

Famous

Important

[Billy Whizz]

It’s a significant appt, if he’s going to inject a lot of money into them
What’s he worth

[Col2]

He will be looking to influence how his cash is being spent.

Imagine his surprise when he finds out Budge has pissed it all against the wall and lined the pocket of her brother in law Hibs supporter. 🤣🤣

[Hibs Class]

Yep, at last they have someone who understands business 😉

Now all they need is someone who understands football.

[weecounty hibby]

Will be huge for them if he is there to invest more money over the cash he has been giving. Even if its just as a board member he clearly knows his stuff so he will be a big benefit to them

[Sean1875]

They need all the help they can get tbf.

[Tyler Durden]

As a non exec Director, I'm not sure his role will be that different to whatever advisory capacity he's unofficially been acting in, to date. Maybe just formalises the arrangement in advance of Budge leaving.

[green day]

All joking aside, if a Hibs fan decided to stuff £8m into us for no return in order to build a stand or whatever, we would be delighted.

I suspect there is a world of difference from that spend (even if you are minted) to financing the same team to a level where they would be regularly winning things.

This year has been very odd on the football front, but you can bet your last cent that Celtic will be ramping up the spending again, and I fully expect the Huns to do the same. Both of those teams can outspend the rest by quite a big margin.

A Hearts wanting to compete with those two for the 3 trophies needs to probably double (at a minimum) their present player salary budget, appoint a very good management and coaching team, and commit to whatever those costs are over maybe 4/5 years (because, contracts etc).

If Anderson is willing to commit those sorts of sums (£50m??) then good luck to him.

[greenginger]

It’s a significant appt, if he’s going to inject a lot of money into them
What’s he worth

Don’t know what he’s worth , but I’d guess it’s not as much as Ron Gordon or STF .

Anderson is not an owner so I would not expect him to empty his pockets to buy success at Gorgie.

He’s got a wife and family, if he looks as if he’s going to pee the family fortune against a glass wall they’ll get him sectioned . :greengrin

[WhileTheChief..]

I’d guess his wealth dwarf’s that of STF or RG.

I don’t think it’s about that though, more that he’s seen the mess Anne is making of things and wants involved to sort things out.

[h1bs4life]

Strengthens Budge's position and also should keep Nelson there as manager. The Flumps will need to start taking down all the Budge Neilson OUT banners .
Wonder what say fan ownership had with the appointment they will be scared to to continue Budge out campaign in case bennyfactor goes with her.

[04Sauzee]

3450 Words in the update!

https://www.heartsfc.co.uk/news/article/chairmans-update-1-2

[Since90+2]

I’d guess his wealth dwarf’s that of STF or RG.

I don’t think it’s about that though, more that he’s seen the mess Anne is making of things and wants involved to sort things out.

I highly doubt his wealth dwarfs Sir Tom Farmer. Nobody has any idea of Ron Gordon's net worth so that's a complete guess.

[jacomo]

About time he has some oversight over his ‘investment’.

As for the accompanying photo, they should fit fish eye lenses to Mr Anderson’s glasses. That main stand has never looked better.

[lord bunberry]

Strengthens Budge's position and also should keep Nelson there as manager. The Flumps will need to start taking down all the Budge Neilson OUT banners .
Wonder what say fan ownership had with the appointment they will be scared to to continue Budge out campaign in case bennyfactor goes with her.
I think you’ve hit the nail on the head. He’s been appointed to a non executive role so that Budgie can appear to be sorting the club out. It takes some of the pressure of her and the obedient cardigan wearers will fall into line because they know if Anderson walks away they’re ****ed.

[Jones28]

3450 Words in the update!

https://www.heartsfc.co.uk/news/article/chairmans-update-1-2

One thing caught my eye reading that - the improvements in their bars and suites. I know they have some facilities in the stands behind the goals (you know, the ones where the seats lift up and are then closed like a car boot - its a big team thing that we wouldn't understand), but aren't the majority of their bars and suites in the new stand that was "completed" about 18 months ago?

[Coco Bryce]

Probably went in to find out how they've *****ed all his previous investments away.

[gbhibby]

Get him on board with Ron and they guy at Aberdeen to shake up the Game in Scotland.

[greenginger]

I’d guess his wealth dwarf’s that of STF or RG.

I don’t think it’s about that though, more that he’s seen the mess Anne is making of things and wants involved to sort things out.


James Anderson’s name has never appear on a uk or Scottish rich list.

He has also stayed in a basement flat for the past 20 years and has just recently moved.

[KeithTheHibby]

3450 Words in the update!

https://www.heartsfc.co.uk/news/article/chairmans-update-1-2

**** me that was 10 minutes wasted reading a load of pish.

[Danderhall Hibs]

I’d guess his wealth dwarf’s that of STF or RG.

I don’t think it’s about that though, more that he’s seen the mess Anne is making of things and wants involved to sort things out.

You are definitely guessing mate.

I think the papers caused confusion when talking about the value of the investment fund he manages - the key thing is that this isn’t his money. He’ll earn a good wage and bonuses but the money in Scottish Mortgage doesn’t belong to him.

[JohnMcM]

I had to read nearly the whole thing before I found it, but here it is ,,,,,,,,,,,,,,, (the mention of being the bigliest at something sentence) ,,,,,,,,,,:greengrin

“We are on the cusp of becoming the largest fan-owned football club in the UK.” :lolyam:

[jacomo]

3450 Words in the update!

https://www.heartsfc.co.uk/news/article/chairmans-update-1-2


Thoughts on her final line?


The European football landscape is changing and we fully intend to play a major role in what comes next.


Here’s a big difference between our clubs - Ron saw the ESL for the money-grabbing hustle that it was. Budgie was seething with jealousy that The Famous hadn’t been invited to take part.

She is a piece of work.

[Jim44]

Probably a good thing for them financially as they can now take his money without charity guilt. However, it won’t sit well with the supporters who, if you believe the comments on KB, hate Budge and Neilson with a passion. Their plans for fan control will now be a distant memory. I wish them well.:fibber::greengrin

[Hibby70]

3500 words and not one of them Brora.

[h1bs4life]

3450 Words in the update!

https://www.heartsfc.co.uk/news/article/chairmans-update-1-2


Jeezo followed the link , she likes a statement. Browsed over it basically big bad teams relegated us and Robbie Replay got us promoted , we were crap in the cup but will be better next year.

Other interesting part.
However, I want to issue a word of caution by repeating what I have said on many occasions over the last seven years.
It is apparent from recent communications and indeed headlines, that there is still a lack of understanding amongst some supporters and indeed, some football pundits, regarding what this will mean for day-to-day decision making.
In terms of operational decision-making, Hearts’ supporters will have no more rights than supporters of any other club.

Basically I am the boss , keep pledging plebs I have brought bennyfactor on board and if you try and get rid of me benny will come with me.

[bigwheel]

3500 words and not one of them Brora.

[emoji1787][emoji122][emoji122][emoji122]

[Since90+2]

Brora Brora Brora

[CapitalGreen]

You are definitely guessing mate.

I think the papers caused confusion when talking about the value of the investment fund he manages - the key thing is that this isn’t his money. He’ll earn a good wage and bonuses but the money in Scottish Mortgage doesn’t belong to him.

Some of it does.

[Sergio sledge]

3450 Words in the update!

https://www.heartsfc.co.uk/news/article/chairmans-update-1-2"Our recruitment plan is based on having a reduced squad size with a heavy focus on youth.*"

That sounds to me like their budget is going to be more realistic. They certainly don't sound like they are getting a big cash infection from Anderson.

"News Flash! "

Hahahaha, who puts a news flash on the middle of a massive text article on a webpage?! "We interrupt this deathly boring article with some incredibly exciting news.... No, not a new signing... No, the stand isn't finished... No, we're not being bought over by a Russian submariner... We've got a new shirt sponsor, and you are all going to be impressed."

"a full pitch refurbishment."

Didn't they just spend £1m on the most high tech most closely monitored pitch ever?

[Danderhall Hibs]

Some of it does.

Well you’d like to think he’d invest his own money in it. Still isn’t all his, only a fraction of it.

[WhileTheChief..]

I highly doubt his wealth dwarfs Sir Tom Farmer. Nobody has any idea of Ron Gordon's net worth so that's a complete guess.

It is a complete guess, that’s what I said!!

[WhileTheChief..]

You are definitely guessing mate.

I think the papers caused confusion when talking about the value of the investment fund he manages - the key thing is that this isn’t his money. He’ll earn a good wage and bonuses but the money in Scottish Mortgage doesn’t belong to him.

Fund managers get paid v handsomely and especially with performance bonuses.

Bear in mind he was a partner at BG for decades, not a member of staff.

Guys like him or Woodford in his prime earn 8 figures a year easily.

Just had a quick look, a fund manager at Prudential, Richard Woolnough, earned £32m in 2 years!

[FilipinoHibs]

He will be looking to influence how his cash is being spent.

Imagine his surprise when he finds out Budge has pissed it all against the wall and lined the pocket of her brother in law Hibs supporter. 🤣🤣

He will be prudent. All ready talk of a smaller squad and buying younger players while players out of contract looking like rejecting new deals. Benny's fund down 25% from the high of this year. Tech stocks are going to be hit harder by rising inflation and interest rates. Benny will have a smaller bonus and soon no bonus when he leaves BG in a year's time. Less money to piss up the wall at Tynie.

[allezsauzee]

I had to read nearly the whole thing before I found it, but here it is ,,,,,,,,,,,,,,, (the mention of being the bigliest at something sentence) ,,,,,,,,,,:greengrin

“We are on the cusp of becoming the largest fan(ny)-owned football club in the UK.” :lolyam:

Fixed that for them. They are an empty shell of a club. Got £8m from Scottish Media Group 20 years ago and wasted it. Borrowed much more from Vlad and he wasted it for them. They've already had £8m from Benny and they have a ground with 3 rickety stands, no training facilities of their own and a threadbare squad full of dead wood. Any further funds from him will be frittered away on overpaid "big names" designed to prove to us that they are the big team. I look forward to seeing them back in the championship within the next 3 years thanks to their profligacy.

[Bostonhibby]

It's a non executive appointment.

He'll be trying to stop some of the Budge disasters before they spin out of control again and will maybe want to be a bit of a safety net for the way they've used the cash he donates.

Which is a shame as I think she's got a fantastic return out of all that investment so far.

Sent from my SM-A750FN using Tapatalk

[Kato]

Didn't they just spend £1m on the most high tech most closely monitored pitch ever?


They can afford to do it more often because their pitch is so abnormally small.

[jacomo]

Hearts season tickets not on sale yet. And they’ve got to honour those ‘previous commitments’ - they promised 18 live matches, in person at Tynecastle, to this season’s ST holders, with any shortfall rolled over to next season.

Anyone know how many short they are?

[truehibernian]

He will be prudent. All ready talk of a smaller squad and buying younger players while players out of contract looking like rejecting new deals. Benny's fund down 25% from the high of this year. Tech stocks are going to be hit harder by rising inflation and interest rates. Benny will have a smaller bonus and soon no bonus when he leaves BG in a year's time. Less money to piss up the wall at Tynie.

It's a good (and expected) appointment for them. Spoke with someone today close to Hearts and I would not expect the kind of figures their fans are already gushing about :agree: he'll definitely continue to provide funds, however my main contact was keen to urge caution about their fans getting excited. I think he will invest heavily in their women's team and their Academy structure.

Rivalry aside, it's good for our game having people like Anderson and Ron at the helm of the respective clubs. Improves the profile of the game.

At the end of the day, it's 11 v 11 :aok:

[Since452]

**** Hearts. Won't be long before they're relegated again

[ancient hibee]

James Anderson owns 1% of Scottish Mortgage so that’s £160M at current levels. No doubt he’s got a bob or tw on top of that.

[jacomo]

Fixed that for them. They are an empty shell of a club. Got £8m from Scottish Media Group 20 years ago and wasted it. Borrowed much more from Vlad and he wasted it for them. They've already had £8m from Benny and they have a ground with 3 rickety stands, no training facilities of their own and a threadbare squad full of dead wood. Any further funds from him will be frittered away on overpaid "big names" designed to prove to us that they are the big team. I look forward to seeing them back in the championship within the next 3 years thanks to their profligacy.


This seems most likely.

Is the new(ish) CEO allowed to speak in public? He seems utterly anonymous.

[Since90+2]

James Anderson owns 1% of Scottish Mortgage so that’s £160M at current levels. No doubt he’s got a bob or tw on top of that.

Where are you seeing that reported?

[Brightside]

Who ****ing cares

[007]

3450 Words in the update!

https://www.heartsfc.co.uk/news/article/chairmans-update-1-2

"Chairman's update" not Chairwoman's or Chairperson's, well done Ann Budge on coming out as part of the LGBT+ community.

James Anderson on the board should be a good thing for them but not nearly as good as Budge stepping down (or even just taking a back seat) would be. Gave up reading her piece after the 1st paragraph but I see from the BBC article she's carrying on as Chairman so looks like, for a while yet, they're stuck with her and her bungling ways. Ann Bungle, that has a nice ring to it (Middle name - Other).

[Since452]

Who ****ing cares

This. **** them

[greenginger]

U
James Anderson owns 1% of Scottish Mortgage so that’s £160M at current levels. No doubt he’s got a bob or tw on top of that.


Whatever Anderson’s holding in Scottish Mortgage is, he’ll be facing a huge capital gains tax bill when he changes his shares into cash.

[Stuart93]

Who ****ing cares

Ditto

Theyre an irrelevance

[ancient hibee]

Where are you seeing that reported?

Plenty articles over the years regarding Scottish Mortgage,Baillie Gifford and James Anderson have mentioned this. Google him and you’ll find plenty info.

[Since90+2]

Plenty articles over the years regarding Scottish Mortgage,Baillie Gifford and James Anderson have mentioned this. Google him and you’ll find plenty info.

Must be easy for you to link one then?

[CapitalGreen]

Plenty articles over the years regarding Scottish Mortgage,Baillie Gifford and James Anderson have mentioned this. Google him and you’ll find plenty info.

Bet you can’t produce an article that shows he currently owns 1%.

[ancient hibee]

Must be easy for you to link one then?
Your slave died from overwork?Do it yourself:greengrin

[Aldo]

If the had mega bucks do we really think they’d be looking at re signing Callachan??

They’ve missed a trip to blood more youngsters whilst playing in the championship and cannot really see them playing home grind talent in the PL.

They still have dacour on a wad of cash for next 2 years along with others!


Sent from my iPhone using Tapatalk

[Since90+2]

Your slave died from overwork?Do it yourself:greengrin

Not at all. All im asking for is some evidence to back up your claim.

If there's been that many articles it must be easy enough for you to provide one.

I'm not saying it's not true, just asking for some evidence to show it. If you are correct fair enough.

Edit - just found an article that says that. Appears you are correct. Fair play.

[judas]

They will never stop suckling at Andersons teat.


I hear he has big milky ones and that Neilson sometimes suckles on them

[tamig]

It’s a significant appt, if he’s going to inject a lot of money into them
What’s he worth

How should that change anything? He’s already gifted them millions.

[Stairway 2 7]

Took less than a minute tbf
24726

[ancient hibee]

Bet you can’t produce an article that shows he currently owns 1%.

Made any other good bets lately?

[The Count]

Was it just me or did anybody else lose the will to live reading that statement from Queen Anne.ps Did not finish it seemed to go on forever.Thank goodness we have Ron over that boring slaver.

[tamig]

He will be prudent. All ready talk of a smaller squad and buying younger players while players out of contract looking like rejecting new deals. Benny's fund down 25% from the high of this year. Tech stocks are going to be hit harder by rising inflation and interest rates. Benny will have a smaller bonus and soon no bonus when he leaves BG in a year's time. Less money to piss up the wall at Tynie.
You try to spin the performance of this fund in a negative way constantly. Your statement needs to be taken in context. The fund is performing superbly. I don’t think Anderson will need to tighten his belt anytime soon and his investors will be delighted with his management of their cash.

[Since90+2]

You try to spin the performance of this fund in a negative way constantly. Your statement needs to be taken in context. The fund is performing superbly. I don’t think Anderson will need to tighten his belt anytime soon and his investors will be delighted with his management of their cash.

The poster you quoted has a weird obsession with making out Anderson's funds are in a stage of perpetual crisis. They seem to be anything but.

[WoreTheGreen]

Nothing to do with us in cup final and Europe totally deflection for headlines in the comic EEN

[cabbageandribs1875]

If the had mega bucks do we really think they’d be looking at re signing Callachan??

They’ve missed a trip to blood more youngsters whilst playing in the championship and cannot really see them playing home grind talent in the PL.

They still have dacour on a wad of cash for next 2 years along with others!


Sent from my iPhone using Tapatalk


Ralph ? surely not





:)

[tamig]

The poster you quoted has a weird obsession with making out Anderson's funds are in a stage of perpetual crisis. They seem to be anything but.

Absolutely. Say it enough times and it might come true one day and all that jazz. Nonsense.

[Aldo]

Ralph ? surely not





:)

[emoji12]


Sent from my iPhone using Tapatalk

[Keith_M]

I read the headline and wondered why Benny factor was joining the Hibs Board.


Anybody else?

[Moulin Yarns]

I read the headline and wondered why Benny factor was joining the Hibs Board.


Anybody else?

That was to tempt you in 😉

It worked 😁

[FilipinoHibs]

You try to spin the performance of this fund in a negative way constantly. Your statement needs to be taken in context. The fund is performing superbly. I don’t think Anderson will need to tighten his belt anytime soon and his investors will be delighted with his management of their cash.

No I am pointing out the reality of investing in Tech stocks. The boom is over. Returns have been negative this year and inflation and higher interest rates are only going to make things worse. I have never met an investor who is happy with with their fund being down 25% and describing it as superbly managed. Posters on here reported that Benny was cutting back on his philanthropy when markets tanked in March 2020. The current bear correction and more to come plus his reduced income after leaving BG would make anyone more cautious with their money.

[tamig]

No I am pointing out the reality of investing in Tech stocks. The boom is over. Returns have been negative this year and inflation and higher interest rates are only going to make things worse. I have never met an investor who is happy with with their fund being down 25% and describing it as superbly managed. Posters on here reported that Benny was cutting back on his philanthropy when markets tanked in March 2020. The current bear correction and more to come plus his reduced income after leaving BG would make anyone more cautious with their money.

You’ve been saying the same stuff since Anderson was first revealed as the benefactor last year. Why did he commit to Budge for 5 years last summer? He doesn’t strike me as the type who will go back on his word. I think it’s purely wishful thinking on your part.

[cocteautwin]

Is that BBC article saying he only sent them £8m as he’s so embarrassed at how much of his money they’ve fired through?

Let’s correct those numbers:

To the end of June 2020 he’d sent them c£12m along with nearly £2m sponsorship money for Save the Children. It is also stated that he is supporting them financially for 5 years from last year so one would expect another £3m has been sent in the current year. That’s approximately £16m to date.

We can also add the money he was forced to spend (£3m?) when Budge had a comical attempt at bribing Scottish Football with their offer of support to avoid relegation.

For the next 4 years he’ll probably need to send them £3m x 4 = £12m.

He’s probably going to spend close to £30m in total (including more STC sponsorship).

As if this wasn’t bad enough, Foundation of Hearts have sent the club over £12m and Budge has “loaned” them £5.5m but £2.4m of that will be paid off by FoH reserves.

Anyone care to add that lot up? I’ll tell you what it adds up to . . . . . it adds up to a total shet show and a demonstration of astonishing bad management by all in charge.

All this money spent for these high points:

- a Relegation
- beaten by Alloa Away in the wee cup
- beaten by Brora Rangers in the big Cup

Keep it coming James. Unless your first act as Director is to remove Budge and Robbie Replay we Hibees can expect to keep laughing at the Tynecastle Clown Show.

[FilipinoHibs]

You’ve been saying the same stuff since Anderson was first revealed as the benefactor last year. Why did he commit to Budge for 5 years last summer? He doesn’t strike me as the type who will go back on his word. I think it’s purely wishful thinking on your part.
No it's based on the economics of a falling share price, his partner days coming to an end at BG and a previous roll back when tech first crashed in March 2020. Budge also said last summer the benefactor money was dependent on Hearts being run financially prudently. Now we hear there will be a smaller squad and focus on younger that is cheaper players. I think my judgement is based on a lot more than wishful thinking.

[Spike Mandela]

Maybe it’s more like the time the Bank of Scotland installed directors on the board of Rangers(R.I.P.) so they could keep an eye on the finances and the debt.:greengrin

[jacomo]

No it's based on the economics of a falling share price, his partner days coming to an end at BG and a previous roll back when tech first crashed in March 2020. Budge also said last summer the benefactor money was dependent on Hearts being run financially prudently. Now we hear there will be a smaller squad and focus on younger that is cheaper players. I think my judgement is based on a lot more than wishful thinking.


I’m satisfied that Mr Anderson is a very wealthy man and more than good for the promises he has made to Hearts.

What is undeniable is that Budge has frittered millions away in mismanagement and incompetence.

Does he not see this or is he turning a blind eye? Those fans wanting Budge out have a point - other than turning up with the requisite money at 11:59, she’s done an awful job there.

[FilipinoHibs]

I’m satisfied that Mr Anderson is a very wealthy man and more than good for the promises he has made to Hearts.

What is undeniable is that Budge has frittered millions away in mismanagement and incompetence.

Does he not see this or is he turning a blind eye? Those fans wanting Budge out have a point - other than turning up with the requisite money at 11:59, she’s done an awful job there.

Agree Benny is wealthy - he has been a partner at BG for 34 years. But he will soon loose his salary and bonuses. His pot of money will be a finite amount. He also gives to others which are much more worthy than Hearts. He has as you say seen his money wasted by Hearts. Clearly there will be more controls and conditions on him giving any further money - see Budge's ramblings below towards the end of the article. Trimming the squad and concentrating on younger players are evidence of the cost cutting. A significant part of his wealth is in his fund which has been down over 20% from its high. The outlook for tech stocks is not good and there has been a big shift out of them as interest rates look set to rise to curb inflation. His net worth would then decline further. He may then prioritise his giving to more worthwhile causes than Hearts.

https://www.deadlinenews.co.uk/2020/08/27/hearts-owner-ann-budge-bracing-herself-for-aaron-hickeys-departure-after-confirming-offer/

[bigwheel]

Agree Benny is wealthy - he has been a partner at BG for 34 years. But he will soon loose his salary and bonuses. His pot of money will be a finite amount. He also gives to others which are much more worthy than Hearts. He has as you say seen his money wasted by Hearts. Clearly there will be more controls and conditions on him giving any further money - see Budge's ramblings below towards the end of the article. Trimming the squad and concentrating on younger players are evidence of the cost cutting. A significant part of his wealth is in his fund which has been down over 20% from its high. The outlook for tech stocks is not good and there has been a big shift out of them as interest rates look set to rise to curb inflation. His net worth would then decline further. He may then prioritise his giving to more worthwhile causes than Hearts.

https://www.deadlinenews.co.uk/2020/08/27/hearts-owner-ann-budge-bracing-herself-for-aaron-hickeys-departure-after-confirming-offer/

You are dreaming if you feel the amount he gives to Hearts is anything material in his overall wealth . He was a senior partner at BG. When he retires he realises his equity . It is beyond substantial ...

Also you talk about tech stocks as if they are fixed and mono directional. His personal investments will be well spread and balanced . He is very good at this game! the fiction you continue to portray is that he will end up tightening his belt - it is is frankly hopeful in the extreme . He is deliberately choosing this philanthropic football route ..and it will continue for as long as he is motivated to do it ...

[FilipinoHibs]

You are dreaming if you feel the amount he gives to Hearts is anything material in his overall wealth . He was a senior partner at BG. When he retires he realises his equity . It is beyond substantial ...

Also you talk about tech stocks as if they are fixed and mono directional. His personal investments will be well spread and balanced . He is very good at this game! the fiction you continue to portray is that he will end up tightening his belt - it is is frankly hopeful in the extreme . He is deliberately choosing this philanthropic football route ..and it will continue for as long as he is motivated to do it ...

No it is based on a poster who knows Wallace the FOH chairperson who told him that at the time of the Market correction in March 2020, the then unknown benefactor was depriotising supporting Hearts and focusing on more worthy causes. It won't be just tech stocks that are going to be hit by higher interest rates it will be the whole stock market,although tech and other growth companies that BG focus on will be hit hardest. Budge's comments in the article I linked to and recent utterances plus her recent statements and Benny going on the board shows their will be control over any future donations which are likely to be smaller than his previous hand outs. I am sure Benny, with retirement, will be sitting on many other boards of more worthwhile enterprises than Hearts to.

[jacomo]

No it is based on a poster who knows Wallace the FOH chairperson who told him that at the time of the Market correction in March 2020, the then unknown benefactor was depriotising supporting Hearts and focusing on more worthy causes. It won't be just tech stocks that are going to be hit by higher interest rates it will be the whole stock market,although tech and other growth companies that BG focus on will be hit hardest. Budge's comments in the article I linked to and recent utterances plus her recent statements and Benny going on the board shows their will be control over any future donations which are likely to be smaller than his previous hand outs. I am sure Benny, with retirement, will be sitting on many other boards of more worthwhile enterprises than Hearts to.


Quality source there mate. :wink:

Clearly, Hearts are still getting pumped with money so I think you might need to accept your prediction is a bit off.

Of course BG may suffer a reversal of fortunes in future years, or they may switch tactics and continue to do well. Likewise, Benny Factor might have put all his money in crypto over New Year and is now drowning in money.

It’s all just speculation.

[tamig]

No it is based on a poster who knows Wallace the FOH chairperson who told him that at the time of the Market correction in March 2020, the then unknown benefactor was depriotising supporting Hearts and focusing on more worthy causes. It won't be just tech stocks that are going to be hit by higher interest rates it will be the whole stock market,although tech and other growth companies that BG focus on will be hit hardest. Budge's comments in the article I linked to and recent utterances plus her recent statements and Benny going on the board shows their will be control over any future donations which are likely to be smaller than his previous hand outs. I am sure Benny, with retirement, will be sitting on many other boards of more worthwhile enterprises than Hearts to.

So I will ask you the unanswered question from my previous post again.

Why did James Anderson make a five year commitment to continuing to invest in Hearts last summer? This was after this event you mention in March last year and despite the fact he was about to lose his regular salary at BG in the near future. Can you explain that?

[northstandhibby]

I don't get James Anderson and totally hate the fact he's simply become a bank of hearts in absence of taking a vested control in the club A very shady character despite his so called 'philanthropy' in my opinion.

[Since90+2]

I don't get James Anderson and totally hate the fact he's simply become a bank of hearts in absence of taking a vested control in the club A very shady character despite his so called 'philanthropy' in my opinion.

What is shady about him?

[Eyrie]

I’m satisfied that Mr Anderson is a very wealthy man and more than good for the promises he has made to Hearts.

What is undeniable is that Budge has frittered millions away in mismanagement and incompetence.

Does he not see this or is he turning a blind eye? Those fans wanting Budge out have a point - other than turning up with the requisite money at 11:59, she’s done an awful job there.

What worries me is that he has seen the mismanagement and incompetence, and is now getting involved to bring that to an end.

We want Budge to keep going without being distracted by sensible suggestions.

[CropleyWasGod]

What worries me is that he has seen the mismanagement and incompetence, and is now getting involved to bring that to an end.

We want Budge to keep going without being distracted by sensible suggestions.

Or he could be doing a Bobby Axelrod. Get the confidence of the punters as the white knight, get his hands on the steering wheel.... and then... BOOM..... straight into CALA.

:cb

[Jones28]

The thing about Anderson is he clearly has millions and will be a very very wealthy man...why is he only sinking money in now? Surely if he was really interested he would have taken over when they went pop?

And if he has all this money to plough in to Hearts why is he eeking it out?