I used to work below Rockstar in the late 90s if I recall at Great Michael House overlooking leith links with views of ER in the background. I could see ER from my desk.
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There seems to be some noise about FOH having now paid Bidco the original loan that saved their club and are about to become majority shareholders within a few months. Just the over budget stand to pony up for now?
I'm just wondering how this is going to change their lives or their fortunes on-field. Is having a couple of seats on the board going to have as much of an impact as our having a couple on our board seems to have?
What actual difference is it going to make? :dunno:
Craig Thomson is a paedophile.
Agreed, we should stick to emphasising the crimes their former owner remains indicted for in Lithuania but continues to evade in Russia, the stolen money is directly linked to everything their wee club was doing on the pitch then, and of course the stigma they carry around since.
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They simply cannot survive on their own, it always has to be someone else's money, or they will sink without a trace, a simply corrupt football team, always have been always will be, and they will continue to get away with it until the powers to be do a proper investigation on them as to why they rely on these cash injections.
Something tells me it stinks, big time.
The whole thing was a sorry episode. They way Hearts dealt with it as a club was shocking tbh. Keeping him on the books and loaning him out to Kaunas etc. Didn't cover themselves in glory especially after employing Graham Rix. Luckily neither of them, or Romanov are affiliated with Hearts anymore so don't think it's a stick we should beat them with personally
Fair play to their fans. Are you not slightly curious as to the anonymity donations, though? A club with a history of avoiding debts and money laundering has millions of pounds being ploughed through it with no discernable sign the money being spent sensibly. When theres a pattern like that people should be asking questions.
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Yip leave them to their business model and us to ours.
What always surprises me is the small pledger to FoH is about £20 a month which is £240 a year on top of their season ticket. They can of course stop the pledges at any time but in essence imagine their season ticket as £240 more.
That equates to us paying on average around £640 a year. Could you imagine us paying that sort of money for the sort of turgid play they have had over the last few years and relegation type form this year?
There is a reason why the donations are anonymous. Hearts don't want you know who they are from and the donator does not want to be known. Only one person has publicly come up with money since Hearts went into admin. If the doctors were anybody else but her they would have come forward when Hearts were in admin. Why if they had four times the money to give away that saved Hearts would they watch Hearts fans take out a loan at 6% interest? Why watch when another £2 million is made. If they were business people they would have taken the club over, provided some working capital and appointed real business people to run the club with a business plan they signed off on and reviewed regularly. Nobody pisses £9 million up the wall with no control.
Quite possible to route the money through special purpose vehicles to disguise the source.
Interesting Budge's net worth estimated by Forbes at £16 million in 2019. She received £28 million for her IT company.