Another year

[Since90+2]

Although it's been a **** season we have another year of us winning both cups more recently than the gorgie tramps.

Glorious.

[Col2]

Although it's been a **** season we have another year of us winning both cups more recently than the gorgie tramps.

Glorious.

Budge in charge now for 12 years. Zero trophies and two relegations. A new stand and windowless hotel . Glorious

[Donegal Hibby]

How long is it since they've won the league cup now ? 🤔

[Since90+2]

How long is it since they've won the league cup now ? 🤔

A lot longer than us anyway.

[BILLYHIBS]

Q When was the last time Hearts beat Rangers at Hampden?

A Never

[Bridge hibs]

They are all lining up along Gorgie way for the hearts open top bus to celebrate the nearly got to the Scottish cup final but we ****ed it up cup

[Since90+2]

They're a massive club. Hence why they've won both winnable cups less recently than us.

#gorgietramps

[Crab apple]

Naismith talking things up pre game and the reality is that again they never laid a glove on their big cousins.

[HIBERNIAN-0762]

All that money for what? Absolute tossers 😄

[GreenCastle]

Shame - diet Huns roll over again…shock.

61 years - 5 months since they won the league cup also..tick tock - amazing some of their fans have never seen them win it.

[Carheenlea]

They can perhaps take some consolation by purchasing a snazzy new scarf.

Comfortably the most “Hearts” scarf you’ll ever see :lolyam:

https://i.postimg.cc/FHZnVqt6/IMG-0248.jpg (https://postimg.cc/9DDpWLQP)

[Victor]

They can perhaps take some consolation by purchasing a snazzy new scarf.

Comfortably the most “Hearts” scarf you’ll ever see :lolyam:

https://i.postimg.cc/FHZnVqt6/IMG-0248.jpg (https://postimg.cc/9DDpWLQP)

Is that real? If so that beats the cash cow for cringe factor!

[Since452]

Also add in Aberdeen not winning the Scottish cup in 34 years. One trophy in 30 years.

[Caversham Green]

Budge in charge now for 12 years. Zero trophies and two relegations. A new stand and windowless hotel . Glorious

It's actually a new stan - they haven't completed it yet.

[Eyrie]

That scarf would make a normal human cringe so it'll be very popular in Gorgie.

But do any Hearts fans, other than Budge, actually own shares in their club? Giving money to FoH who do own shares is not the same thing.

[Www1875hfc]

Since Covid . - Hearts record against Rangers.

P14 W0 D2 L12 GF6. GA36

And hearts didn’t score a goal in 9 of those games.


Sent from my iPhone using Tapatalk

[Hulk0762]

How long is it since they've won the league cup now ? 🤔

Think was 19 6-2

[ferry hibby]

I thought at first that scarf said HMRC

[AltheHibby]

Think was 19 6-2

Can we PLEASE stop with these reminders? I was born the day after they won it, and you lot are making me feel ancient.😁

[SHODAN]

Hearts and Shankland not ****ting it against Rangers challenge: impossible

[Greensunshine]

Naismith talking things up pre game and the reality is that again they never laid a glove on their big cousins.

Both teams were awful. Rangers were definitely there for the taking but just as I first thought, Hearts aren’t all that. Very average side with a very good goal scoring machine up front.,

[ekhibee]

Hearts beat Rangers in the 1998 Scottish Cup final 2-1 but it was played at Celtic Park, no win against Rangers at Hampden that I can see, not recently anyway. I can't remember but I'm guessing they were doing work on Hampden again, because we played Rangers in a cup final at Celtic Park about 6 years before that I think.

[green day]

Hearts beat Rangers in the 1998 Scottish Cup final 2-1 but it was played at Celtic Park, no win against Rangers at Hampden that I can see, not recently anyway. I can't remember but I'm guessing they were doing work on Hampden again, because we played Rangers in a cup final at Celtic Park about 6 years before that I think.

Hearts have never beaten Rangers at Hampden, recently or otherwise.

[cabbageandribs1875]

They can perhaps take some consolation by purchasing a snazzy new scarf.

Comfortably the most “Hearts” scarf you’ll ever see :lolyam:

https://i.postimg.cc/FHZnVqt6/IMG-0248.jpg (https://postimg.cc/9DDpWLQP)


Claret & Amber... Motherwell colours :)

[Forza Fred]

Claret & Amber... Motherwell colours :)

That’s what I thought.

What’s with the yellow/pishy colour?

[CentreLine]

They can perhaps take some consolation by purchasing a snazzy new scarf.

Comfortably the most “Hearts” scarf you’ll ever see :lolyam:

https://i.postimg.cc/FHZnVqt6/IMG-0248.jpg (https://postimg.cc/9DDpWLQP)

Ha! That’s excellent. Only they’ve got a typo in it. Shouldn’t that be a “D” at the end?

[cocteautwin]

All that money for what? Absolute tossers 😄

All what money? Do you mean the £17m donated by the fans or the £35m donated by Anderson? For zero trophies.

[Aldo]

All what money? Do you mean the £17m donated by the fans or the £35m donated by Anderson? For zero trophies.

Let’s not forget the bestest hotel in the land which will make them £1 million a year. (Caveat being it has to sell out however a cheeky wee look shows availability every single day on pretty much every room)

[Not In The Know]

Not won a cup since they stopped cheating

[Gettin' Auld]

Hearts beat Rangers in the 1998 Scottish Cup final 2-1 but it was played at Celtic Park, no win against Rangers at Hampden that I can see, not recently anyway. I can't remember but I'm guessing they were doing work on Hampden again, because we played Rangers in a cup final at Celtic Park about 6 years before that I think.

A game where donkey Dave McPherson scored a belting flying header into his own net. :greengrin

[Pagan Hibernia]

That’s what I thought.

What’s with the yellow/pishy colour?

To replicate their slacks after one too many bevvies down the golf club

[Alfred E Newman]

Claret & Amber... Motherwell colours :)

The amber is to go with the corduroy breeks.

[Greensunshine]

Hertz are supposed to be this massive club, they’re currently having the best season they’ve had in many years finishing third spot which basically as good as it gets for the rest of us.
They’ve managed to get to a semi final and yet they can’t sell their allocation of tickets!

Aye, Hearts are massive right enough. 🤔

[cocteautwin]

Let’s not forget the bestest hotel in the land which will make them £1 million a year. (Caveat being it has to sell out however a cheeky wee look shows availability every single day on pretty much every room)

Strangely enough the hotel doesn’t have to be profitable, it just needs to add to the Turnover as reported in the financial statements. The most reported financial KPI of a football club is its player/staff costs as a percentage of Turnover.

Due to the annual £5m of “doping” (not reported in Turnover) that HMFC receive from a board Director they could quite easily spend over 100% of Turnover on player costs but that wouldn’t look good for the club. By adding low margin turnover they can start to report their increasing player costs as a healthy %age of Turnover. The same as bringing catering in house. Low margin but adds to Turnover.

In reality the extra £5m from Anderson amounts to the same funding as an extra 13-14000 season tickets. Where should a club with the effective income of 30,000 season ticket holders stand within Scottish football?

Decidedly in 3rd place. Add in the money from group stages of Europe and semi final appearances and we can see that Hibs will probably be behind Hearts for a very long time now.

[CropleyWasGod]

Strangely enough the hotel doesn’t have to be profitable, it just needs to add to the Turnover as reported in the financial statements. The most reported financial KPI of a football club is its player/staff costs as a percentage of Turnover.

Due to the annual £5m of “doping” (not reported in Turnover) that HMFC receive from a board Director they could quite easily spend over 100% of Turnover on player costs but that wouldn’t look good for the club. By adding low margin turnover they can start to report their increasing player costs as a healthy %age of Turnover. The same as bringing catering in house. Low margin but adds to Turnover.

In reality the extra £5m from Anderson amounts to the same funding as an extra 13-14000 season tickets. Where should a club with the effective income of 30,000 season ticket holders stand within Scottish football?

Decidedly in 3rd place. Add in the money from group stages of Europe and semi final appearances and we can see that Hibs will probably be behind Hearts for a very long time now.

I'm not sure I follow that.

If the hotel isn't profitable, ie its expenses exceeed its income, that will take away from the club's ability to spend elsewhere, eg on players.

Hearts report their income and wages costs separately, according to parts of the business. So the wages/turnover ratio, in terms of playing staff, won't be affected.

Or have I misunderstood your point?

[cocteautwin]

I'm not sure I follow that.

If the hotel isn't profitable, ie its expenses exceeed its income, that will take away from the club's ability to spend elsewhere, eg on players.

Hearts report their income and wages costs separately, according to parts of the business. So the wages/turnover ratio, in terms of playing staff, won't be affected.

Or have I misunderstood your point?

UEFA considers a ratio of over 70% of turnover spent on player costs to be a health risk for a football club. I know FFP rules don’t apply to Scotland but a well run club would still be looking to operate within the UEFA defined healthy parameters.

If, say, Hearts had a turnover of £15m, the healthy spend on players would be £10.5m. Then, if for some reason they received an extra £6m of donations (not reported in Turnover), and they do, they could easily spend that on players but it would increase that expenditure to 110% (£16.5/£15) of Turnover. Outwith the healthy 70% ratio.

By diverting some of the cash to capital projects which generate a few million a year in Turnover (but say for the purposes of this exercise are break even) then they get to spend the 70% of the increased turnover on players (and stay within the 70% KPI). Of course it’s a bonus if the capital projects are profitable in the future but when they have an extra £6m of free money annually, the capital projects don’t have to be profitable. To utilise that £6m of free money as part of the player spend and remain within the 70% ratio then they effectively need to raise turnover by £8.6m (6/0.7). Profitability doesn’t really matter as they have £6m extra anyway.

Yes of course it would be dumb if they were loss making but I think the recent capital projects are not loss making but very low margin.

Anderson has said this himself, that it’s been difficult to manage his contributions to the club in the context of UEFA defined healthy spending percentages.

[nonshinyfinish]

UEFA considers a ratio of over 70% of turnover spent on player costs to be a health risk for a football club. I know FFP rules don’t apply to Scotland but a well run club would still be looking to operate within the UEFA defined healthy parameters.

As of this season (under the new UEFA rules) it's not just about being well run, it's now an actual restriction that could jeopardise participation in UEFA competitions: https://www.uefa.com/news-media/news/0274-14da0ce4535d-fa5b130ae9b6-1000--explainer-uefa-s-new-financial-sustainability-regulations/


The new regulations will see clubs subject to squad cost controls for the first time. The cost control rule restricts spending on player and coach wages, transfers, and agent fees to 70% of club revenues. (The gradual implementation will see the percentage at 90% in 2023/2024, 80% in 2024/2025, and 70% in 2025/2026).

[CropleyWasGod]

UEFA considers a ratio of over 70% of turnover spent on player costs to be a health risk for a football club. I know FFP rules don’t apply to Scotland but a well run club would still be looking to operate within the UEFA defined healthy parameters.

If, say, Hearts had a turnover of £15m, the healthy spend on players would be £10.5m. Then, if for some reason they received an extra £6m of donations (not reported in Turnover), and they do, they could easily spend that on players but it would increase that expenditure to 110% (£16.5/£15) of Turnover. Outwith the healthy 70% ratio.

By diverting some of the cash to capital projects which generate a few million a year in Turnover (but say for the purposes of this exercise are break even) then they get to spend the 70% of the increased turnover on players (and stay within the 70% KPI). Of course it’s a bonus if the capital projects are profitable in the future but when they have an extra £6m of free money annually, the capital projects don’t have to be profitable. To utilise that £6m of free money as part of the player spend and remain within the 70% ratio then they effectively need to raise turnover by £8.6m (6/0.7). Profitability doesn’t really matter as they have £6m extra anyway.

Yes of course it would be dumb if they were loss making but I think the recent capital projects are not loss making but very low margin.

Anderson has said this himself, that it’s been difficult to manage his contributions to the club in the context of UEFA defined healthy spending percentages.

All of which is reasonable, but the hotel still needs to make money to be of any use. The wages/turnover ratio in that will be around 50%, which has to be serviced.

[cocteautwin]

As of this season (under the new UEFA rules) it's not just about being well run, it's now an actual restriction that could jeopardise participation in UEFA competitions: https://www.uefa.com/news-media/news/0274-14da0ce4535d-fa5b130ae9b6-1000--explainer-uefa-s-new-financial-sustainability-regulations/

I didn’t know that but it does make my points on increasing a club’s turnover even more relevant.

[CropleyWasGod]

As of this season (under the new UEFA rules) it's not just about being well run, it's now an actual restriction that could jeopardise participation in UEFA competitions: https://www.uefa.com/news-media/news/0274-14da0ce4535d-fa5b130ae9b6-1000--explainer-uefa-s-new-financial-sustainability-regulations/


I didn’t know that but it does make my points on increasing a club’s turnover even more relevant.

Does the hotel income count as "football income"?