I loathe The Sun but at least this is now being publicly discussed. The other rags will now have to run with it also & perhaps Plan A ( Admin in summer ) will now have to be replaced by Plan B ( Bust before season end! ).
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I loathe The Sun but at least this is now being publicly discussed. The other rags will now have to run with it also & perhaps Plan A ( Admin in summer ) will now have to be replaced by Plan B ( Bust before season end! ).
I reckon halfway through the first one before G4S strong armed the yams through the exits.:agree:Quote:
Originally Posted by Mikey
P.S.
Great questions
I watched a bunch of Hearts mates on Facebook almost wet themselves over the non-story about Goodwillie being a target. I let it get to about 15 or so posts back and forth before I chimed in with..
"You're looking to sign an alleged rapist now ?!"
Not a single word has been said since, that was an hour ago... I love ruining Jambo fuds days :greengrin
So what exactly happening now... Im lost..
your lost? and you're only a neutral:wink: imagine how the poor wee lambs over there feel:greengrinQuote:
Originally Posted by Liams
And here is the Boyd, Goodwillie report.
http://www.scotsman.com/edinburgh-ev...llie-1-2930913
:faf::faf:Quote:
Manager Gary Locke and director of football John Murray hope to add some experience to a senior squad which is currently dominated by youth academy graduates. However, they are also determined not be held to ransom by players or agents and be forced into paying wages their club cannot realistically afford.
Had a look on Sickback to see if they had any insider info or whatever. They think nothings happening and this a non story as usual and anyone who asks any difficult questions gets called out for being a Hibs fan and banned. I find it amusing watching them all turn on each other, they won't hear a bad thing said and just believe everything they get told by Southern, Anderson and Fedotovas.
Quote:
Originally Posted by Hot Shot Hamish
If I didn't know better I would say that is for us netters to pick the bones out of, if its unintentional I despair, I truly do.:brickwallQuote:
Manager Gary Locke and director of football John Murray hope to add some experience to a senior squad which is currently dominated by youth academy graduates. However, they are also determined not be held to ransom by players or agents and be forced into paying wages their club cannot realistically afford.
don't know what your laughing at. Barry has explained that "the club are determined not to be held to ransom by players and agents for money they cant afford". there, that's that then. both players will sign when the embargo is lifted, for a decent £500 or 600. a week wage, to be deposited regularly in their bank accounts. what more can they ask for?Quote:
Originally Posted by Hot Shot Hamish
Exactly - #allisbarrymanQuote:
Originally Posted by monktonharp
There's no embargo at the moment as far as I know. Sure the sanctions were lifted.Quote:
Originally Posted by monktonharp
I think it's still in place til the end of the season.Quote:
Originally Posted by matty_f
I wouldn't be all that surprised if Hearts were in for Goodwillie or Boyd. They've not made any serious attempts to control their expenditure since Romanov came in (and before), can't see them starting now. Sure they've made some improvements, but the 11/12 figures show that they were still paying far more than they could afford. Just look at Rangers, still overspending on wages despite everything that happened with them.
That's not to say they'll get them, especially as I'd still expect administration/liquidation before that and with it a signing ban extension (will be the least of their problems by then). The guys behind the scenes at Hearts have no control over their future.
Is Barry Anderson on crack???
A huge dollop of reality from over the road..............
Quote:
I'm new, probably not going to be listened to but I figured I'd try anyway. I know a couple of people who work at Tynecastle, one in the Ticket Office and one in the shop. The friend in the Ticket office tells me they haven't had a full wage since February. Could be a cock up could mean something.
I work in finance so I can try and shed some light on a few points other have raised.
If we are found to be delaying administration then we could potentially get in to trouble for trading whilst insolvent. It can be easy to delay this by simply not paying debts until the last possible minute (usually when the creditor threatens action).
The SPL (both the teams and the board) would take an interest because if Administration is a foregone conclusion then we are delaying it purely to lessen the sporting punishment.
I don't personally believe a buyout is close as there is too much uncertainty regarding the club for it to make business sense. We'd need people who did it out of the goodness of their hearts (excuse the pun)
As it stands, I don't believe we can be sold anyway as far as I am aware UBIG's assets are still frozen which would prevent a sale. this may have changed however as the media are not exactly on top of that stuff over here.
Hopefully we get answers at the AGM because right now the situation is as clear as mud. No wonder stories like this one crop up because it's so difficult to disprove them.
People keep saying we're paying the debt, which isn't accurate because as it stands we are only covering the interest on the debt. We need 100% clarification on what we owe, who we owe it to and when it's due.
My gut feeling from dealing with business situations like this before is we won't come out of this better off but admittedly the business being a football club does add an extra level of complexity.
#allverycomplexQuote:
Originally Posted by Mikey
No.Quote:
Originally Posted by sambajustice
He is however "cracked".
They all are.
The rest of that thread sums them up, one of them has actually taken his head out the sand and now he's getting dogs abuse for it.Quote:
Originally Posted by Mikey
Massive diffference between the huns and them. The Huns could be overspending as things stand but I would imagine they have a banking facility such as an overdraft to support this. The yams have hee haw so how could they continue to overspend? The story in the Sun is a load of pish and Anderson has picked it up to appease the puddle drinkers, nothing more.Quote:
Originally Posted by millarco
The guy is pretty much spot on with his facts. I've also heard from 2 seperate sources staff aren't being paid in full/on time.Quote:
Originally Posted by Mikey
I've got a Jambo mate who's fully accepted he'll be watching Newtongrange Star in future.
I think admin is now a cert, but in typical Hearts style by delaying it till the season's end they'll cheat right up to the vinegar strokes.
Wee fat Robbo said on the radio that they have a £2.8m wages buget for next season..... so it'll be ok.Quote:
Originally Posted by chrisski33
Has he seen how many staff they have?!Quote:
Originally Posted by HibbiesandtheBaddies
That's less than a third of their 2011/12 budget - and around 40% less than ours. If they stay in the SPL they'll not be at the sharp end of the action that's for sure.Quote:
Originally Posted by HibbiesandtheBaddies
They'll be at the sharp end of an administrator's pointy stick.Quote:
Originally Posted by Liberal Hibby
(Do they have pointy sticks?)
True. My guess is they'll keep doing what they've done over the last year or so and live hand to mouth. Plus I don't think Boyd is in a position to command much more than Kilmarnock will be paying him just now (won't be much) and Blackburn I'd imagine would cover most of Goodwillie's wage (assuming a year long loan).Quote:
Originally Posted by KeithTheHibby
I think both players would be realistic targets for a good number of SPL teams. Hearts won't be in a position to sign anyone, but wouldn't be surprised if they're looking at either anyway. I'm not saying Hearts can afford them, but I wouldn't put it past them to be trying to anyway.
Hearts' bank appeal against bankruptcy set for end of May
By Brian McLauchlin & Jim Spence
BBC Scotland
The appeal against the bankruptcy order placed on Ukio Bankas , which is Hearts' main creditor, is expected to be heard in two weeks' time.
And the outcome could have serious implications for Hearts as they owe the stricken bank around £15m.
Hearts owe a further £10m to parent company UBIG, which was controlled by Tynecastle majority shareholder Vladimir Romanov.
UBIG's assets have since been frozen, with Romanov resigning from the board.
The Lithuanian parent company held around 79% of Hearts shares but BBC Scotland has learned that 29.9% have been pledged to the bank.
Quantum Holdings, a company based in Switzerland, holds another 15% stake in the club. Julija Goncaruk, the niece of Romanov, is the sole director of the company and is also on the Hearts board.
The balance of Hearts shares is made up by minority stakeholders.
Meanwhile, two rival clubs have written to the Scottish Premier League asking for clarity on the financial situation at Hearts.
And they have been told that there has been no breach of rule A6.12 which applies to any "group undertaking" of an owner and operator of a club suffering insolvency.
Ukio Bankas was placed in temporary administration earlier this year with liabilities close to £400m and all its branches have now closed.
On the appeal on behalf of the bank, Vilnius court official Elena Masnevaite said: "We are waiting on the papers arriving and the case should be heard in around two weeks."
Quote:
Originally Posted by HibbiesandtheBaddies
Their accounts state a playing/coaching staff of 107.
Therefore an average £500+ per week.
#allisbarry.
The BBC article about the appeal against Ukio's liquidation has been updated.
http://www.bbc.co.uk/sport/0/football/22514070
Appeal to be heard in two weeks' time - the delaying tactic appears to be working.
UBIG own 79% of Hearts, but of this 29.9% was pledged to Ukio as security. The significance of that number is that if Ukio bought 30% from UBIG, they would have to make an offer for the rest.
Two clubs have written to the Scottish Premier League asking for clarity on the financial situation at Hearts. They have been told that there has been no breach of rule A6.12 which applies to any "group undertaking" of an owner and operator of a club suffering insolvency.
Before tax, NI, etc. are deducted.Quote:
Originally Posted by WindyMiller
Quote:
Originally Posted by Peevemor
What are these things you speak of ?
So its a piss take from Hearts then and the rest of the spl just have to suck it up?Quote:
Originally Posted by Part/Time Supporter
Things that Hearts will have to pay bang on time from now on.Quote:
Originally Posted by WindyMiller
Quote:
Originally Posted by green glory
Let's hope so...:wink:
It gets worse.Quote:
Originally Posted by Liberal Hibby
By my calculations for the 13/14 & 14/15 season:
Interest payments on debt = £840,000 per annum.
HMRC payments = £788,000 per annum (the repayments appear to be over 2 years rather than 3.)
Operating costs = £3,876,000 per annum* (based on last years figures)
Depreciation = £600,000 per annum (estimate)
Turnover = £7,000,000 (closer to 10/11 figures than 11/12)
Total left for wage budget to break even = £896,000
To put this into perspective, Hibs' wage bill in season 11/12 was £4,100,000.
Setting their wage budget at £2,800,000 means that they are relying on a cup victory or selling players for £1,900,000 during 13/14 season. Neither of which looks very likely for them and neither of which is very common for a Scottish club out with Rangers or Celtic.
Oh, I forgot their fan membership scheme which is still to be announced, in that case #allisbarry after all and they'll have no problems next season.
*You would assume they would find some way of reducing this figure but given that the PBS costs over £1,000,000 to maintain every season, they probably don't have much wiggle room. (Hibs' operating costs are around £3,100,000)
I don't think the pledge thing changes anything. If I understand it correctly the shares were put up as security by UBIG for the debt they owed to UKIO. That in itself smells more than a bit, because the shares are worthless and no responsible bank would accept them as security for anything. However the shares are still actually owned by UBIG, who are without doubt the parent company and as they haven't gone bust yet (as far as anyone seems to know) there's no grounds for a points deduction there. The SPL rules do allow for points deductions if another group company goes bust and it's relevant to the club, but Ukio are not part of the UBIG group.Quote:
Originally Posted by DaveF
However, Heart of Midlothian 2005 Ltd were a part of the group and were relevant to the club, having been their intial parent company. That company has now been dissolved, so maybe there's a case for a points deduction after all. :devil:
Me thinks hearts have played there last hand, and hoped to bluff everyone.....and its backfired.
I am 99% sure that the 'appeal' over the bankrupcy would take weeks in hearts minds, even months to be heard giving them some breathing space. the fact its happening in 2 weeks time will signal the final nail in their coffin. admin followed quickly by liquidation will follow imo.
last thow of the dice.......and they lost.
I wonder what the starting prices will be for the new flats flats glorious flats.
The Rangers have no banking facilities as no one will offer them any.Quote:
Originally Posted by KeithTheHibby
A wee bit like Craig David (just a day earlier in the wee).
We can win the cup on Sunday,
Have a wee parade on the Monday,
Hearts go bust on Tuesday...
Reads like many mails from old co prior to their demiseQuote:
Originally Posted by greenpaper55
No sane person would even think of buying a flat there. Would be like living over a bog. OMG.....the smell.Quote:
Originally Posted by green glory
Nothing to suggest it will be a decision on the day.Quote:
Originally Posted by Denverhibby
I think they might just get to next season still being a memebr of the SPL.
Whether they will actually have a squad of players or a ground to play in next season, is another matter :cb
Was the original decision a two day job not sure what different circumstances can be offered now considering all the branches are closed and assets were going to the other bank.Quote:
Originally Posted by Gingertosser
Are we not being a bit presumptuous in assuming that this "appeal" has anything directly to do with Hearts?
Hearts are in the same boat but with far less cash coming in.Quote:
Originally Posted by PatHead
No bank will touch them given their precarious state and, given that they're already living off next season's ST income, I'd be surprised if they make it past September/October, regardless of what happens with UBIG, Tynie, etc.
The appeal had nothing to do with the Yams.Quote:
Originally Posted by Judas Iscariot
What would constitute operating costs? Are non-playing staff wages included in this?Quote:
Originally Posted by Sergio sledge
no idea, I just think given the size of the task, a decision on the day seems unlikely !!Quote:
Originally Posted by Treadstone
in the original case, were both sides represented ?
It'll depend on what grounds the appeal is being made. It could be very straightforward meaning an immediate decision (either way).Quote:
Originally Posted by Gingertosser
I though that, however, plenty of folk on here seem to think that this is some kind of tactic from the yams to purposely delay adminQuote:
Originally Posted by matty_f
I'm not sure about that, I'd imagine it's; Stadium and property maintenance and running costs, utility bills, security and police costs, shop stock, hospitality costs.Quote:
Originally Posted by Twa Cairpets
If they don't include admin staff, shop staff etc. In that then it makes their annual wage bill even less achievable.
The flats will range from 62-70k
:agree:Quote:
Originally Posted by Judas Iscariot
The Yams are insignificant to the process other than the fact that they owe money. There is no way the appeal took them into consideration.
Hey Matty, do we know what the appeal was based on and from whom?Quote:
Originally Posted by matty_f
I think a lot of people just see it as HoMFC are part of the consequences of these proceedings despite what allisbarry spouts.Quote:
Originally Posted by Judas Iscariot
Noticed that figure in their accounts. Over 100!! Why do theey need so many? How can they sustain paying so many even on the budget stated for this season?Quote:
Originally Posted by WindyMiller
Two right off the top of my head Hamill and Sutton each have a year on contract guessing that both are on at least £5k+ thats half a million right oot of that budget for starters.:violin:Quote:
Originally Posted by Kato
Just know the appeal was done on behalf of the bank.Quote:
Originally Posted by Hibby Kay-Yay
Aye, take your point, but 19th May destroyed you all. You are insignificant.
Yadda, yadda, yadda.......
We actually are insignificant to them, they've got far bigger fires to put out than the raging inferno that is a resurgent Hibernian Football Club.
Good riddance, Heart of Midlothian. You're nothing but a smell.
Cheers :aok:Quote:
Originally Posted by matty_f
Pay Day Tomorrow !!!!
Will the derby attendance be enough to cover the salaries ?
Assuming hearts are still alive I don't think we'll see any more wage delays for another few months at leastQuote:
Originally Posted by Www1875hfc
http://www.scotsman.com/edinburgh-ev...llie-1-2930913
Hearts target Goodwillie and Boyd!
#allisbarry
Quote:
Originally Posted by Northernhibee
Also swooping on Wayne Rooney and Frank Lampard.
Quote:
Originally Posted by ancient hibee
Cannae see Rooney being a goer, they don't sign ugly folk wi no dress sense and stickie oot ears.
I doubt man utd would let Rooney go to one of their main contenders for the champions league.
Makes perfect sense. We've all heard the rumours that Rooney is sick of being paid £250k a week.
Next season he wants to try being sick of NOT being paid (any amount)
steve fulton springs to mind:wink:Quote:
Originally Posted by Bostonhibby
Is this some kind of joke? :confused:Quote:
Originally Posted by Northernhibee
No, but it is amazing reading. He really will just print any rubbish Hearts PR make up and then 'leak' to him. He might as well let them proof read his articles before they're published, like Traynor used to let Whyte do for the Record. Come to think of it, I wouldn't be at all surprised if that is happening here too.Quote:
Originally Posted by FalkirkHibee
h€art$ are minted again!Quote:
Originally Posted by northernhibee
:faf:Quote:
Originally Posted by Northernhibee
Story in today's Scotsman where a hearts spokesman is quoted "expressing confidence that hearts will not suffer any financial convulsions before next week"
So it's looking good for that Craig david song (see above)
:)
This whole week? Wow, they really are thinking long term.Quote:
Originally Posted by Springbank
What's a financial convulsion? Will David Southern start barfing up £20 notes after the season ends :greengrinQuote:
Originally Posted by Springbank
Today reminded me of this song :agree:Quote:
Originally Posted by Mikey
http://www.youtube.com/watch?v=mnVbFWg1CEg
:agree:Quote:
Originally Posted by DaveF
This is their new business strategy and best chance of survivial.
:idiot:
According to a few Hearts plebs, if Hearts lose ownership over their stadium, they'll simply "rent it out".
Rent it out with what exactly? Toe nail clippings?
From somebody who wants tae bulldoze it and build hooses? They dinnae seriously think anybody who buys that ****hole is buying tae keep as a stadium?Quote:
Originally Posted by Hibercelona
:hilarious :thumbsup:Quote:
Originally Posted by Www1875hfc
It's staggering how out of touch these troglodytes are with reality.Quote:
Originally Posted by Desperate Dan
I've even heard some say that Hearts will bounce back next season and their "domination" over us will continue.
I'm sure players being paid in baw hairs & skin pickings will have a great deal to prove against us. :agree:
LOL, I had to contain my laughter in the office!!Quote:
Originally Posted by DaveF
Makes a change from trying to pull it out their a***s :wink:Quote:
Originally Posted by DaveF
A wee birdie tells me that at least some of the players and staff haven't been paid today. Anyone know someone who works there to confirm?
They've got plenty staff so someone must have a contact there :greengrin
You just beat me to it :agree:Quote:
Originally Posted by Mikey
Banderson will be on twitter telling us all is Barry.
That would be unexpected with season ticket cash and so in in place?Quote:
Originally Posted by Mikey
Mind you, they were still meant to be about £750k short of their survivial target before HMRC asked for another £500k per year weren't they?
I've just tweeted banderson about the wages. Not expecting a reply though.
Quote:
Originally Posted by Northernhibee
You have to wonder about the sanity of some of these Yakbackers
These boys know that playing at hearts can rejuvenate them. 2nd biggest team in the league, potentially great atmosphere at home matches, there's just something different about playing for hearts. :rolleyes:
Well I suppose he's right in a way about something being different playing for that lot, they don't know from month to month if they are gonna get paid :greengrin
That was before they knocked 100k off the Wallace fee to get it early and the proceeds from the CIS final.Quote:
Originally Posted by Andy74
Seeing out the season has not been in doubt for some time and only a Lith collapse would make any difference.
Sadly thats taking too long!
I have read a few different stories of alleged tax evasion and mystical money regarding
the colourful Vladimir Romanov. Won t be too long till something happens I would guess?
I've had a text from someone else to say much the same.Quote:
Originally Posted by Barney McGrew
The SPL is running out of punishments. I suggest a 20 point deduction, effective immediately :greengrin
Bitter Hobos. Non story.Quote:
Originally Posted by Mikey
5-1!
Hibs died a year ago. Why do we even have a site running?
All big clubs pay their players late. Their owner owns a bank FFS. Do you know how much money banks make! They owe money to themselves, always living in their shadow :-(
Yet another clear sign that they're hanging on until the season ends before going under.Quote:
Originally Posted by Springbank
http://www.scotsman.com/edinburgh-ev...-fee-1-2932474
they are scrabbling about for cash for sure....................hopefully they offer the boy a contract, and he signs it, doesnt leave and then helps push them over the edge financially!:greengrin
That reeeeeeeeeks of desperation. #allisbarry :aok:Quote:
Originally Posted by Platinum Scotty
Yeah a fee if he went to another scottish club??
You might also wonder if the clubs looking to take him on would be quite so interested if there was a transfer fee to be paid.Quote:
Originally Posted by Platinum Scotty
AGM quickly after season ends. Coincidence ? Or am I just a 'deluded.netter Hobo get it up ye 5-1' ?Quote:
Originally Posted by Mikey