Share Transfers Agreed/Cooling off period

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Originally Posted by SMAXXA

#AllisSandy

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:greengrin

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Originally Posted by Andy74

Who is worth taking off their hands for nowt?

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Calum Paterson, but they will want a fee!

From the BBC...

Hearts: Edinburgh club put squad up for sale amid financial crisis

Hearts will listen to offers for their entire first-team squad in an effort to keep the Scottish Premier League club afloat.
The Edinburgh club said it was making the move on account of other revenue "drying up".
Hearts face uncertainty with a debt of £25m - £10m of which is due to their parent company, UBIG, which is claiming insolvency.
And the club owes £15m to Ukio Bankas, which has been declared bankrupt.
In a statement, the club said: "It is now crucial to the football club that we find a solution to bring in enough finance to allow us to trade into the new season when normal trading can resume with the benefit of SPL and game-related income streams.
"The payments to HMRC and players/staff salaries are the most important issues in our focus these days where very limited time remains available to the club.
"However, given that the revenues for season tickets has dried up and no other realistic income is available quickly enough, the club will consider offers for the players of the current squad, including the most promising talent in order for the most necessary and important payments to be made."
More to follow...

Quote:

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Originally Posted by s.a.m

From the BBC...

Hearts: Edinburgh club put squad up for sale amid financial crisis

Hearts will listen to offers for their entire first-team squad in an effort to keep the Scottish Premier League club afloat.
The Edinburgh club said it was making the move on account of other revenue "drying up".
Hearts face uncertainty with a debt of £25m - £10m of which is due to their parent company, UBIG, which is claiming insolvency.
And the club owes £15m to Ukio Bankas, which has been declared bankrupt.
In a statement, the club said: "It is now crucial to the football club that we find a solution to bring in enough finance to allow us to trade into the new season when normal trading can resume with the benefit of SPL and game-related income streams.
"The payments to HMRC and players/staff salaries are the most important issues in our focus these days where very limited time remains available to the club.
"However, given that the revenues for season tickets has dried up and no other realistic income is available quickly enough, the club will consider offers for the players of the current squad, including the most promising talent in order for the most necessary and important payments to be made."
More to follow...

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Not sure what smiley is best for this part of the fiasco. :faf: or :na na:

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Originally Posted by TQM

http://www.heartsfc.co.uk/articles/2...241384_3208756

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How do they expect to trade normally if they reach the season just on a few walk ups?

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Originally Posted by SandyK

Sorry, gotta reply to this beazer of a post:

All this from your team full of loanees who you can't afford, including a player who has single-handedly kept you in the SPL for two seasons in a row. And the wages you are paying that you can't afford also? If you take one glance at your year end accounts you will see that where you're leaking money. It's borrowed money, A DEBT!

Hearts aren't a patch on the present Hibs team!? When you are without your only player, a player who scored 23 league goals yet you still managed to almost end up in a relegation fight - certainly showed relegation form from Xmas onwards. Hearts have a poor squad now, but it is still on par with the Hibs squad.

Open your eyes gents and ladies - you, and the vast majority of SPL clubs, are just one click away from being in a financial predicament that puts your very exisistance in danger. Until you are making money (not losing it as Hibs are) come back and give me your fake moral high ground. Vlad was idiotic with his approach to running Hearts, and we are where we are. We'll ride this out - may even come back stronger - we'll just have to wait and see won't we.

One team in Edinburgh???

YOU WISH!!

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Hello there wee man. I think you're missing the point here. People accuse Hearts of cheating because they DON'T pay their players wages. That's the difference. Well one difference anyway.

Now off you pop, those cakes won't bake themselves.

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Originally Posted by Andy74

How do they expect to trade normally if they reach the season just on a few walk ups?

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They aren't reaching the season

Quote:

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Originally Posted by s.a.m

From the BBC...

Hearts: Edinburgh club put squad up for sale amid financial crisis

Hearts will listen to offers for their entire first-team squad in an effort to keep the Scottish Premier League club afloat.
The Edinburgh club said it was making the move on account of other revenue "drying up".
Hearts face uncertainty with a debt of £25m - £10m of which is due to their parent company, UBIG, which is claiming insolvency.
And the club owes £15m to Ukio Bankas, which has been declared bankrupt.
In a statement, the club said: "It is now crucial to the football club that we find a solution to bring in enough finance to allow us to trade into the new season when normal trading can resume with the benefit of SPL and game-related income streams.
"The payments to HMRC and players/staff salaries are the most important issues in our focus these days where very limited time remains available to the club.
"However, given that the revenues for season tickets has dried up and no other realistic income is available quickly enough, the club will consider offers for the players of the current squad, including the most promising talent in order for the most necessary and important payments to be made."
More to follow...

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Nae luck. LOL.

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Originally Posted by Billy Whizz

Calum Paterson, but they will want a fee!

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Him and Walker. £20 k towards their bill. Final offer.

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Originally Posted by Leishy1995

They aren't reaching the season

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That's true of course.

Beautiful

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Originally Posted by Andy74

How do they expect to trade normally if they reach the season just on a few walk ups?

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Magic beans and (asbestos) dust?!?!

This is it - the beginning of the end :greengrin

:flag:

B-b-but they're signing Goodwillie and Boyd?!?!

but 5-1 1902 eh?

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Originally Posted by SandyK

Sorry, gotta reply to this beazer of a post:

All this from your team full of loanees who you can't afford, including a player who has single-handedly kept you in the SPL for two seasons in a row. And the wages you are paying that you can't afford also? If you take one glance at your year end accounts you will see that where you're leaking money. It's borrowed money, A DEBT!

Hearts aren't a patch on the present Hibs team!? When you are without your only player, a player who scored 23 league goals yet you still managed to almost end up in a relegation fight - certainly showed relegation form from Xmas onwards. Hearts have a poor squad now, but it is still on par with the Hibs squad.

Open your eyes gents and ladies - you, and the vast majority of SPL clubs, are just one click away from being in a financial predicament that puts your very exisistance in danger. Until you are making money (not losing it as Hibs are) come back and give me your fake moral high ground. Vlad was idiotic with his approach to running Hearts, and we are where we are. We'll ride this out - may even come back stronger - we'll just have to wait and see won't we.

One team in Edinburgh???

YOU WISH!!

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http://i40.tinypic.com/2zf3nmg.jpg

Hibs should make a meagre and insulting bid for their best young player (whoever that is?) today.

Didn't I read somewhere that Wilson's signing was being investigated by the SFA and that it hadn't been accepted/ratified Yet?

Humiliating.

I'll start the bidding at 50p for the lot

I see the Romanov parody is claiming a fighting fund and they are actually donating. To a man, behind a parody, who they've never even seen before.

I hope he does a runner, is this the third fighting fund now?

It's what all big clubs do don't you know !, mind a thon big team stuff they used to spout well now it's coming back to bite them in the arse with a vengeance. Surely the SPL must step in here if they are admitting they cannot trade without selling their entire playing staff ?.

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Originally Posted by SandyK

Sorry, gotta reply to this beazer of a post:

All this from your team full of loanees who you can't afford, including a player who has single-handedly kept you in the SPL for two seasons in a row. And the wages you are paying that you can't afford also? If you take one glance at your year end accounts you will see that where you're leaking money. It's borrowed money, A DEBT!

Hearts aren't a patch on the present Hibs team!? When you are without your only player, a player who scored 23 league goals yet you still managed to almost end up in a relegation fight - certainly showed relegation form from Xmas onwards. Hearts have a poor squad now, but it is still on par with the Hibs squad.

Open your eyes gents and ladies - you, and the vast majority of SPL clubs, are just one click away from being in a financial predicament that puts your very exisistance in danger. Until you are making money (not losing it as Hibs are) come back and give me your fake moral high ground. Vlad was idiotic with his approach to running Hearts, and we are where we are. We'll ride this out - may even come back stronger - we'll just have to wait and see won't we.

One team in Edinburgh???

YOU WISH!!

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Okay then Sandy,

Hibs have a player budget, which is a percentage of our turnover, which last time I looked was about 60%, the last time I saw the same info on your team it was 110%, I truthfully thought it was probably way more than this. Loanees are part of that budget, a budget we have stuck to. Also, each and EVERY month we paid our players their agree contract amounts, and each and every due date we paid our taxes to HMRC. Loanees, do you really want to talk about that?!? I believe that the current "situation and 1.5mil tax bill" comes from a large amount of loanees from your motherland that never paid taxes, our loanees were budgeted and paid for. Your loanees will be one of the leading causes of the mess your clud is in right now. So that was probably a bad example to bring up, no?

Hibs debt, we have a debt, and yes it has increased over the last couple of years, this is a managed debt, and I can assure you this year it will be reduced due to the cup runs and increased ticket sales, in what was, quite a disappointing season for us. (your teams ticket sales fell last year, even though your director begged money from the support). Hibs are in good shape, no matter how you look at it and no matter what spin you put on it, Hibs are well run, with transparent accounts, and published accounts on time. Each year there is a multi page thread on here about our accounts, there is never a delay in them being published and there is no ambiguity about those accounts. Our auditors sign them off with little to no worries or concessions. Can your team say the same? Nah, didnae think so.

You mention "vast majority of SPL clubs, are just one click away from being in a financial predicament", this is total BS, most SPL clubs work within their prescribed budget and each year they adjust these to the current situation, this is why most teams player budget has reduced over the last few years. The two clubs that seemed to ignore these basic common sense rules of business were the huns, see what happened there, and your team, have a look at your teams website today, it is not good reading!

Your squad is as good as Hibs current squad, okay lets look at that point, we effectively have lost Leigh, he was a great player, who we paid for btw (loanees do have to be paid for in most cases), even without him in the squad, we have far superior players in almost all positions on the park, we finished 7th in the league and that takes into account our usual slump. This was quite a way above your team. No? Your team is now made up of a few senior players and a lot of youth players, touted as the best youth squad produced by any SPL team in years? The same squad that finished in the bottom half of the U20s league (the competition Hibs won in recent years). We will need to wait and see in the coming season who has the best squad, but I would put money on it that Hibs will finish well above your team this coming year.

You also say Vlad was idiotic in his running of HoMFC, I think we all may find out in the coming months that he was criminal in his running of your club, which might actually be the death knell of your club, we will have to wait and see.

Moral high ground? Your damn right Hibs can take the moral high ground, we have not cheated, we did not pay players salaries outwith our income, while your team paid players £10K plus a week, we did not out bid other SPL team to get player we essentially could not afford, and then not pay those same players. So yes we will take the moral high ground, because quite frankly we deserve to, unlike hearts.

So any more points you wish to make? Please feel free, this is an open forum and we will debate these points, and you can keep your head in the sand while the team your support crumbles around you.

GGTTH

Vince xx

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Originally Posted by GordonHFC

Didn't I read somewhere that Wilson's signing was being investigated by the SFA and that it hadn't been accepted/ratified Yet?

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I guess that salaries wont be paid tomorrow/Monday so the contract wont go through and he will either go back to Liverpool or be a free agent.

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Originally Posted by Billy Whizz

Calum Paterson, but they will want a fee!

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I think a potential stumbling block in any deal for Callum Paterson is that he is in actual fact completely pish.

The modern day Callum Elliot

We need forwards so we should definitely bid for their star man, John Sutton. He would be a tremendous signing, especially on the cheap.... LOL NAE DECENT PLAYERS TO SELL. Honestly, who would pay any sort of money for any of them? Hearts will have to pay teams to take their players!!

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Originally Posted by cwilliamson85

Not sure what smiley is best for this part of the fiasco. :faf: or :na na:

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Entire squad up for sale?

Does that include the Wilson guy who signed on the dotted whilst proclaiming he wouldn't be doing so if he didn't think the Jams weren't good for his wages (or words to that effect)?

Crisis, what crisis?

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Originally Posted by bingo70

I think a potential stumbling block in any deal for Callum Paterson is that he is in actual fact completely pish.

The modern day Callum Elliot

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Without the dance shoes!

Sickbag is currently top drawer hilarious hearty lolz all round. I particularly liked the spectacular naivety of this one:

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Originally Posted by kirkwood69 ... who probably shouldn't be allowed out on his own

That probably scotches the notion that this months wages have been ring fenced.

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:faf:

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Originally Posted by SMAXXA

#AllisSandy

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:faf:

PBS first game of the season, go for 0-7 again?

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Originally Posted by PapillonVert

Entire squad up for sale?

Does that include the Wilson guy who signed on the dotted whilst proclaiming he wouldn't be doing so if he didn't think the Jams weren't good for his wages (or words to that effect)?

Crisis, what crisis?

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I hope Wilson doesn't intend to be a financial advisor when he retires from football....

There is no way Hibs will be interested in any Hearts player not even for 10p in the £ because they are all absolutely garbage. Not one of them would improve our reserves never mind first team.

On the day their club finally admits that they are facing oblivion, they are more concerned with a post on here...

One of the mutants even says that, after reading that...a good day just got even better..


http://www.hmfckickback.co.uk/index....still-hurting/

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Originally Posted by tomf

Like every Hibs fan I have been angered by the cheating cup final victory referee, the back-dated red cards that they have escaped against us, the goal that everyone but the officials saw and the systematic cheating that has occured by playing players they patently couldn't afford. I am dumbfounded that they have the support of members of pariament, councilors and the SPL all of whom seem to feel their loyalty to the ****bos over-rides their democratic duty to voters and other fans and any sense of fair play or justice. The rules appear to be being bent to keep them alive and safe and financial reality seems to have been suspended on their behalf. All I can say is that, even if they get away with this, they can't change the laws of physics. If they do survive then, sooner or later, they will have to play a team they can afford and, in the long run, that will be the best outcome for Hibs. We can play them off the park to be honest. I want rid of cheats but if they stick around I am happy to see them beaten. I was at the 0-7 game and that was a decent ****bo squad; the lot they have now aren't a patch on the present Hibs team. I'm proud that Hibs have the moral high ground. They can keep their tarnished trophies and their gloating. If Hibs were involved with the kind of criminal activity that has passed for financial management at Tynecastle I would be ashamed; all of which brings me to my point...Whilst I am disappointed at the tone of the statement by the Lithuanian administrators that they will seek to protect the ****bos and sell them as a going concern I do note that, if that statement is true, it would be a first for anyone associated with that lot recently so the chances are it won't turn out exactly as they might hope, if I was them, I certainly wouldn't be cheering just yet. Rangers were lucky enough to have a decent part of the season and a close season to get themselves organised after their disaster and they only just managed it. Whilst the ****bos survive each day at the moment it means less time to retrieve the situation when things finally come to a head...which they most definitely will. In all honesty, I still believe they are doomed to extinction but, if not, they can either go the way of Rangers (without the assets or the support that is very unlikely) or Dunfermline (where it is more likely that they would drop through the leagues as financial reality kicks in) and they are unlikely to find it an easy route back. Apologies for the length of this post but I can assure you this is the edited version.

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I can't see how the FoH bid would work, they'll undoubtedly have to borrow to raise enough to buy the club (which, IMHO, they have zero chance of getting debt free) so before they even start they're in significant debt, and their lending is drawn against pledges of which they have no idea how much they have, or how long they will keep getting them.

It's a total non-starter, and even if they did somehow purchase the club, they'd run out of money in no time at all.

Quote:

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Originally Posted by SandyK

Sorry, gotta reply to this beazer of a post:

All this from your team full of loanees who you can't afford, including a player who has single-handedly kept you in the SPL for two seasons in a row. And the wages you are paying that you can't afford also? If you take one glance at your year end accounts you will see that where you're leaking money. It's borrowed money, A DEBT!

Hearts aren't a patch on the present Hibs team!? When you are without your only player, a player who scored 23 league goals yet you still managed to almost end up in a relegation fight - certainly showed relegation form from Xmas onwards. Hearts have a poor squad now, but it is still on par with the Hibs squad.

Open your eyes gents and ladies - you, and the vast majority of SPL clubs, are just one click away from being in a financial predicament that puts your very exisistance in danger. Until you are making money (not losing it as Hibs are) come back and give me your fake moral high ground. Vlad was idiotic with his approach to running Hearts, and we are where we are. We'll ride this out - may even come back stronger - we'll just have to wait and see won't we.

One team in Edinburgh???

YOU WISH!!

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Oh Sandy. Sandy, Sandy, Sandy. :faf::faf::faf:


A team full of loanees.... 3 of them. Whoooo.

One man team?Where would your team have been without it's best player. Ah, we'll never know because they're all pish.

Would you like us to have a wee whip round for your club? Bake some cakes? Paint some faces, pull some pints...that kind of thing? :faf:

Given the statement that your shambles of a club put out today, I think your post might go down as the single biggest epic fail on hibs.net since Big Steve predicted a period of Yam dominance just before we pumped you.

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Originally Posted by vince1973

Okay then Sandy,

Hibs have a player budget, which is a percentage of our turnover, which last time I looked was about 60%, the last time I saw the same info on your team it was 110%, I truthfully thought it was probably way more than this. Loanees are part of that budget, a budget we have stuck to. Also, each and EVERY month we paid our players their agree contract amounts, and each and every due date we paid our taxes to HMRC. Loanees, do you really want to talk about that?!? I believe that the current "situation and 1.5mil tax bill" comes from a large amount of loanees from your motherland that never paid taxes, our loanees were budgeted and paid for. Your loanees will be one of the leading causes of the mess your clud is in right now. So that was probably a bad example to bring up, no?

Hibs debt, we have a debt, and yes it has increased over the last couple of years, this is a managed debt, and I can assure you this year it will be reduced due to the cup runs and increased ticket sales, in what was, quite a disappointing season for us. (your teams ticket sales fell last year, even though your director begged money from the support). Hibs are in good shape, no matter how you look at it and no matter what spin you put on it, Hibs are well run, with transparent accounts, and published accounts on time. Each year there is a multi page thread on here about our accounts, there is never a delay in them being published and there is no ambiguity about those accounts. Our auditors sign them off with little to no worries or concessions. Can your team say the same? Nah, didnae think so.

You mention "vast majority of SPL clubs, are just one click away from being in a financial predicament", this is total BS, most SPL clubs work within their prescribed budget and each year they adjust these to the current situation, this is why most teams player budget has reduced over the last few years. The two clubs that seemed to ignore these basic common sense rules of business were the huns, see what happened there, and your team, have a look at your teams website today, it is not good reading!

Your squad is as good as Hibs current squad, okay lets look at that point, we effectively have lost Leigh, he was a great player, who we paid for btw (loanees do have to be paid for in most cases), even without him in the squad, we have far superior players in almost all positions on the park, we finished 7th in the league and that takes into account our usual slump. This was quite a way above your team. No? Your team is now made up of a few senior players and a lot of youth players, touted as the best youth squad produced by any SPL team in years? The same squad that finished in the bottom half of the U20s league (the competition Hibs won in recent years). We will need to wait and see in the coming season who has the best squad, but I would put money on it that Hibs will finish well above your team this coming year.

You also say Vlad was idiotic in his running of HoMFC, I think we all may find out in the coming months that he was criminal in his running of your club, which might actually be the death knell of your club, we will have to wait and see.

Moral high ground? Your damn right Hibs can take the moral high ground, we have not cheated, we did not pay players salaries outwith our income, while your team paid players £10K plus a week, we did not out bid other SPL team to get player we essentially could not afford, and then not pay those same players. So yes we will take the moral high ground, because quite frankly we deserve to, unlike hearts.

So any more points you wish to make? Please feel free, this is an open forum and we will debate these points, and you can keep your head in the sand while the team your support crumbles around you.

GGTTH

Vince xx

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:top marks

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Originally Posted by andrew70

There is no way Hibs will be interested in any Hearts player not even for 10p in the £ because they are all absolutely garbage. Not one of them would improve our reserves never mind first team.

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:agree:


Alex Harris has more talent in his pinkie than the entire Hearts squad.

No team on the planet will pay anything near the money they need for any of their players, especially when its public knowledge how desperate they are

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Originally Posted by green.and.white

We need forwards so we should definitely bid for their star man, John Sutton. He would be a tremendous signing, especially on the cheap.... LOL NAE DECENT PLAYERS TO SELL. Honestly, who would pay any sort of money for any of them? Hearts will have to pay teams to take their players!!

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Wouldnt want him any where near our team, he is an apology for a human being, and he hates us into the bargain.

Surely the Danny Wilson transfer can't be completed now? They've came out and said they're getting rid of anyone they can, so surely they should be stopped from signing him. I'd offer to take any of Jamie Walker, Callum Paterson and Jason Holt off there hands, but wouldn't be giving them a fee. Just to let them free up the wages.

How many guests on the thread lads?!

Quote:

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Originally Posted by RossHibs

On the day their club finally admits that they are facing oblivion, they are more concerned with a post on here...

One of the mutants even says that, after reading that...a good day just got even better..


http://www.hmfckickback.co.uk/index....still-hurting/

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That's the biggest bite I've seen on there in ages. :faf::faf:

This,..... is payback time boys, sit back and enjoy it for all the years of cheating their way to success and this is going to last longer than any cup final defeat.:aok:

Quote:

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Originally Posted by andrew70

There is no way Hibs will be interested in any Hearts player not even for 10p in the £ because they are all absolutely garbage. Not one of them would improve our reserves never mind first team.

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I reckon Wilson and Walker would improve our squad. Maybe Holt at a push.

Entire HoMFC squad out...Fenlon in........ps you owe us £14 GGTTH !

#AllIsBarry

Every player in the world is in effect up for sale.

e.g. Messi is probably for sale if somebody offered Barca £200M, so nae different from McHattie having a 20p or best offer sticker on his forehead, its how big clubs operate.

5-1, 1902 etc...

I like this one from "The Eternal Optimist" :-

The Eternal Optimist


Paid Member_10

729 posts
LocationLinz, Austria
Posted Today, 10:15

And yes, I must shout, Hearts are dying.

Not so optimistic now it would seem...............

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Originally Posted by Green_Lantern

I reckon Wilson and Walker would improve our squad. Maybe Holt at a push.

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Wilson isn't a hearts player yet.

Walker was totally dominated by alan maybury and i can't say i've ever noticed Holt.

What about that young lad that missed the ball and kicked his own foot in the last derby? He looked like one of their better prospects :agree:

Apparently if we post a loss next year we are banned from Europe?

How the hell could they get in?!

Quote:

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Originally Posted by Green_Lantern

I reckon Wilson and Walker would improve our squad. Maybe Holt at a push.

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Wilson was decent when he left Rangers, his career has stalled and FWIW I think Hanlon (both left footed centre halves) is better than him.

Neither Walker and Holt would immediately improve our midfield which already has several options. I do like Holt, as a player, but no point in harming our own youngsters progression to help Hearts out. Horribine is just as good a player IMO

£20000 for Walker anyone? :greengrin

Quote:

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Originally Posted by Jack Hackett

Humiliating.

I'll start the bidding at 50p for the lot

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I'm not sure Hearts have 50p though?

I think we could maybe offer to take over the contracts of two or three from their squad, but it's probably unrealistic to expect Hearts to pay us anything for our help in reducing their wage bill.

The thing is there is absolutely nothing of value in their squad, anything they had with value is long gone.

Hand on heart I cant think of one player they have who would raise £100k in fees, most substantially far less.

There are none of their established pro's we would want and even their much vaunted youth would simply be a shot in the dark as they are completely unproven, the only one I might think of is Walker, anything else we have cover / better.

I honestly cant think that any other club will think differently, they are absolutely screwed.:greengrin

Imagine if someone buys Wilson :faf: t

This windows going to be a cracker, any chance of updating the thread title? Something to do with Hearts selling their entire squad would be, ahem, Barry

If hearts go pop what happens to rima and the magic sticks?

Sell Tynie immediately and Move to Murrayfield :faf:

Its daffy time

Quote:

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Originally Posted by jacomoseven

I'm not sure Hearts have 50p though?

I think we could maybe offer to take over the contracts of two or three from their squad, but it's probably unrealistic to expect Hearts to pay us anything for our help in reducing their wage bill.

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Youd have to have exact money, don't expect change from a pound coin

Quote:

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Originally Posted by SteveHFC

Sell Tynie immediately and Move to Murrayfield :faf:

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Meadowbank**

No chance of Webster signing a new contract then.

Particularly liked this quote from Brokeback this morning:

theo1874 theo1874
Donator

Posted Today, 10:20

In summary that reads: deluded, bitter and angry of how ***** his own team is, but afraid to admit to reality.
Also what does the laws of physics have to do with finances you utter tube.

So we are now afraid to admit reality :doh:

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Originally Posted by Geo_1875

No chance of Webster signing a new contract then.

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No unless he buys a season ticket first

Football clubs are notorious when they smell blood, the vultures will be hovering over the stinking carcass as we sit and watch Luke Shanley update us on SSN. Derisory offers are all they can expect from other clubs now that that lot have put their cards on the table.

Let the fun begin! (or continue)

Quote:

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Originally Posted by SandyK

Sorry, gotta reply to this beazer of a post:

All this from your team full of loanees who you can't afford, including a player who has single-handedly kept you in the SPL for two seasons in a row. And the wages you are paying that you can't afford also? If you take one glance at your year end accounts you will see that where you're leaking money. It's borrowed money, A DEBT!

Hearts aren't a patch on the present Hibs team!? When you are without your only player, a player who scored 23 league goals yet you still managed to almost end up in a relegation fight - certainly showed relegation form from Xmas onwards. Hearts have a poor squad now, but it is still on par with the Hibs squad.

Open your eyes gents and ladies - you, and the vast majority of SPL clubs, are just one click away from being in a financial predicament that puts your very exisistance in danger. Until you are making money (not losing it as Hibs are) come back and give me your fake moral high ground. Vlad was idiotic with his approach to running Hearts, and we are where we are. We'll ride this out - may even come back stronger - we'll just have to wait and see won't we.

One team in Edinburgh???

YOU WISH!!

---

#If I'd known you were coming, I'd have baked a cake#

Quote:

---

Originally Posted by Geo_1875

No chance of Webster signing a new contract then.

---

Aye.... Keekback is fair alive this morning... Better than the telly! GGTTH... :flag::flag:

A bit like that there Dallas programme.... :cb

Quote:

---

Originally Posted by SandyK

Sorry, gotta reply to this beazer of a post:

All this from your team full of loanees who you can't afford, including a player who has single-handedly kept you in the SPL for two seasons in a row. And the wages you are paying that you can't afford also? If you take one glance at your year end accounts you will see that where you're leaking money. It's borrowed money, A DEBT!

Hearts aren't a patch on the present Hibs team!? When you are without your only player, a player who scored 23 league goals yet you still managed to almost end up in a relegation fight - certainly showed relegation form from Xmas onwards. Hearts have a poor squad now, but it is still on par with the Hibs squad.

Open your eyes gents and ladies - you, and the vast majority of SPL clubs, are just one click away from being in a financial predicament that puts your very exisistance in danger. Until you are making money (not losing it as Hibs are) come back and give me your fake moral high ground. Vlad was idiotic with his approach to running Hearts, and we are where we are. We'll ride this out - may even come back stronger - we'll just have to wait and see won't we.

One team in Edinburgh???

YOU WISH!!

---

Quote:

---

Originally Posted by 1875er

ha ha ha ha admins can we keep this one please..

:lolyam:

---

Quote:

---

Originally Posted by hibee92

You poor deluded bugger. I'd feel sorry for you if I didn't find you hilarious.

Please DO NOT launch this one. He can be our pet.

---

Much as I find wee Sandy amusing, I think he should be punted. I think he's shaun_lawson in disguise. Better getting rid now. He'll eventually bite somebody, and you never know what sort of germs he's carrying.

Sandy, as already pointed out, Hibs pay the players registered to play for them, whatever the terms may be under which they've been signed. Hibs pay their tax-bill when it comes due, not when HMRC finally manage to pin them into a corner with threats of closure. Hibs have financed the construction of a modern, properly-equipped training ground, have entirely rebuilt their stadium, and are one of the very small number of SPL clubs who have reduced their debt over the past decade.

Hibs know where the owner is. We know where the chairman is. The police aren't seeking to interview either of them about money that seems to have 'gone missing' from the club's bank-accounts. Hibs' accounts are published on time, year by year, and year by year the club AGM gets to examine them, ask questions about them, and then votes to approve them. This is known as legal good practice.

NONE of the above is true of Hearts right now. None of that's been true of Hearts for a very long time now. Hearts have signed players knowing full well that they didn't have the money or the intention of paying them what they had been promised. Hearts have entered into contracts with other firms for services they had neither the intention or the ability to pay for. They have repeatedly failed to pay players' salaries on time; your stadium grows shabbier and more run-down by the week; the only reason you haven't been wound up already is so that you can continue to scrape together enough cash to pay off a little of the interest on your massive debts - debts that you have no hope of paying off. All you're paying right now is a proportion of the administrators' fees. YOUR debt is the one that's growing by the day.

Ten years ago, in 2003, PricewaterhouseCoopers stated that Hearts and four other SPL clubs were technically insolvent. Livingston and Dundee went into administration. Last I looked, they were in the First Division. Dunfermline sorted themselves out by stringent cost-cutting; unfortunately for them, they've slid back into deep trouble again. They're now in the Second Division. Hearts are right now technically insolvent and at the mercy of the administrators managing the UBIG/Ukio mess. Are you beginning to see a pattern here, Sandy?

Now take a guess who the other team was?

Yup. Hibs.

Since 2003 Hibs have balanced their books, completed the rebuilding of their stadium, built East Mains, paid all debts when they came due and honoured all salaries and contracts. AND maintained their SPL status.

Away you go and play.

And maybe this evening you'd like to look up "Ponzi scheme" on Wikipedia. (Mum'll show you how to do it if you can't manage yourself.) That'll explain how Vlad's been running your club for the past 8 years.

Barry Anderson seems confused. He didn't realise cash was tight.

With all these statements maybe the people running Hearts are desperate for the people in charge of our game to relegate them so they've got a big bad bogey man to blame for their demise and those pesky kids in the spl/sfa keep scuppering those plans with their incompetence?

Quote:

---

Originally Posted by bingo70

Wilson isn't a hearts player yet.

Walker was totally dominated by alan maybury and i can't say i've ever noticed Holt.

What about that young lad that missed the ball and kicked his own foot in the last derby? He looked like one of their better prospects :agree:

---

Fraser Mullen. Dumped by Hearts and rumoured to be begging Hibs to take him.

Quote:

---

Originally Posted by Leishy1995

Meadowbank**

---

Meadowmill*

Quote:

---

Originally Posted by matty_f

That's the biggest bite I've seen on there in ages. :faf::faf:

---

Apparently, we are trying to claim the 'morale high ground'??

I think morale probably is higher amongst the Hibs support this summer, but I am not sure what they are talking about.

Hearts have very little worth selling and, in the unlikely event that another club fancies any of their players, other clubs know that Hearts will basically accept any offer.

I think it's more an attempt at blackmailing the sensible chaps who are withholding their cash for after administration/liquidation. The Hearts board really have no shame.

Quote:

---

Originally Posted by Meh

Meadowmill*

---

The Meadows if they're lucky.

Jumpers for goalposts.

Quote:

---

Originally Posted by Meh

Meadowmill*

---

Meadows*

They should get decent fees for "Boydey" and Goodwillie.

Quote:

---

Originally Posted by SandyK

Sorry, gotta reply to this beazer of a post:

All this from your team full of loanees who you can't afford, including a player who has single-handedly kept you in the SPL for two seasons in a row. And the wages you are paying that you can't afford also? If you take one glance at your year end accounts you will see that where you're leaking money. It's borrowed money, A DEBT!

Hearts aren't a patch on the present Hibs team!? When you are without your only player, a player who scored 23 league goals yet you still managed to almost end up in a relegation fight - certainly showed relegation form from Xmas onwards. Hearts have a poor squad now, but it is still on par with the Hibs squad.

Open your eyes gents and ladies - you, and the vast majority of SPL clubs, are just one click away from being in a financial predicament that puts your very exisistance in danger. Until you are making money (not losing it as Hibs are) come back and give me your fake moral high ground. Vlad was idiotic with his approach to running Hearts, and we are where we are. We'll ride this out - may even come back stronger - we'll just have to wait and see won't we.

One team in Edinburgh???

YOU WISH!!

---

http://www.youtube.com/watch?v=18fL82AppJg

I heard any money they get for players will be spent solely on Euromillions tickets!

Quote:

---

Originally Posted by Doddie

Much as I find wee Sandy amusing, I think he should be punted. I think he's shaun_lawson in disguise. Better getting rid now. He'll eventually bite somebody, and you never know what sort of germs he's carrying.

Sandy, as already pointed out, Hibs pay the players registered to play for them, whatever the terms may be under which they've been signed. Hibs pay their tax-bill when it comes due, not when HMRC finally manage to pin them into a corner with threats of closure. Hibs have financed the construction of a modern, properly-equipped training ground, have entirely rebuilt their stadium, and are one of the very small number of SPL clubs who have reduced their debt over the past decade.

Hibs know where the owner is. We know where the chairman is. The police aren't seeking to interview either of them about money that seems to have 'gone missing' from the club's bank-accounts. Hibs' accounts are published on time, year by year, and year by year the club AGM gets to examine them, ask questions about them, and then votes to approve them. This is known as legal good practice.

NONE of the above is true of Hearts right now. None of that's been true of Hearts for a very long time now. Hearts have signed players knowing full well that they didn't have the money or the intention of paying them what they had been promised. Hearts have entered into contracts with other firms for services they had neither the intention or the ability to pay for. They have repeatedly failed to pay players' salaries on time; your stadium grows shabbier and more run-down by the week; the only reason you haven't been wound up already is so that you can continue to scrape together enough cash to pay off a little of the interest on your massive debts - debts that you have no hope of paying off. All you're paying right now is a proportion of the administrators' fees. YOUR debt is the one that's growing by the day.

Ten years ago, in 2003, PricewaterhouseCoopers stated that Hearts and four other SPL clubs were technically insolvent. Livingston and Dundee went into administration. Last I looked, they were in the First Division. Dunfermline sorted themselves out by stringent cost-cutting; unfortunately for them, they've slid back into deep trouble again. They're now in the Second Division. Hearts are right now technically insolvent and at the mercy of the administrators managing the UBIG/Ukio mess. Are you beginning to see a pattern here, Sandy?

Now take a guess who the other team was?

Yup. Hibs.

Since 2003 Hibs have balanced their books, completed the rebuilding of their stadium, built East Mains, paid all debts when they came due and honoured all salaries and contracts. AND maintained their SPL status.

Away you go and play.

And maybe this evening you'd like to look up "Ponzi scheme" on Wikipedia. (Mum'll show you how to do it if you can't manage yourself.) That'll explain how Vlad's been running your club for the past 8 years.

---

:top marks Beautiful !

Did that Danny Wilson guy ever sign. If he did he must be one of the thickest footballers on the planet if him or his advisors didn't see this coming.

They will eventually survive as football clubs always do but it is going to be gloriously slow and painful.:greengrin

Quote:

---

Originally Posted by SmithyHibee

I heard any money they get for players will be spent solely on Euromillions tickets!

---

Correction...ticket !

Quote:

---

Originally Posted by The Baldmans Comb

Did that Danny Wilson guy ever sign. If he did he must be one of the thickest footballers on the planet if him or his advisors didn't see this coming.

They will eventually survive as football clubs always do but it is going to be gloriously slow and painful.:greengrin

---

I thought that. But then I was starting to wonder if he's maybe signed, been given his signing on fee and will then be free to move on elsewhere, with the signing on fee in his pocket. If so then well played that man. :agree:

Quote:

---

Originally Posted by Doddie

Much as I find wee Sandy amusing, I think he should be punted. I think he's shaun_lawson in disguise. Better getting rid now. He'll eventually bite somebody, and you never know what sort of germs he's carrying.

Sandy, as already pointed out, Hibs pay the players registered to play for them, whatever the terms may be under which they've been signed. Hibs pay their tax-bill when it comes due, not when HMRC finally manage to pin them into a corner with threats of closure. Hibs have financed the construction of a modern, properly-equipped training ground, have entirely rebuilt their stadium, and are one of the very small number of SPL clubs who have reduced their debt over the past decade.

Hibs know where the owner is. We know where the chairman is. The police aren't seeking to interview either of them about money that seems to have 'gone missing' from the club's bank-accounts. Hibs' accounts are published on time, year by year, and year by year the club AGM gets to examine them, ask questions about them, and then votes to approve them. This is known as legal good practice.

NONE of the above is true of Hearts right now. None of that's been true of Hearts for a very long time now. Hearts have signed players knowing full well that they didn't have the money or the intention of paying them what they had been promised. Hearts have entered into contracts with other firms for services they had neither the intention or the ability to pay for. They have repeatedly failed to pay players' salaries on time; your stadium grows shabbier and more run-down by the week; the only reason you haven't been wound up already is so that you can continue to scrape together enough cash to pay off a little of the interest on your massive debts - debts that you have no hope of paying off. All you're paying right now is a proportion of the administrators' fees. YOUR debt is the one that's growing by the day.

Ten years ago, in 2003, PricewaterhouseCoopers stated that Hearts and four other SPL clubs were technically insolvent. Livingston and Dundee went into administration. Last I looked, they were in the First Division. Dunfermline sorted themselves out by stringent cost-cutting; unfortunately for them, they've slid back into deep trouble again. They're now in the Second Division. Hearts are right now technically insolvent and at the mercy of the administrators managing the UBIG/Ukio mess. Are you beginning to see a pattern here, Sandy?

Now take a guess who the other team was?

Yup. Hibs.

Since 2003 Hibs have balanced their books, completed the rebuilding of their stadium, built East Mains, paid all debts when they came due and honoured all salaries and contracts. AND maintained their SPL status.

Away you go and play.

And maybe this evening you'd like to look up "Ponzi scheme" on Wikipedia. (Mum'll show you how to do it if you can't manage yourself.) That'll explain how Vlad's been running your club for the past 8 years.

---

:not worth:

According to this report on the BBC http://www.bbc.co.uk/sport/0/football/22888346 a "Hearts source" tells the Beeb that they need to raise a significant six figure sum in order to pay the wages.

Quote:

---

Originally Posted by Andy74

Barry Anderson seems confused. He didn't realise cash was tight.

---

With Hearts fans who subscribed to the 'share issue' now starting to ask for their money back, I wonder if any Yams who bought a season ticket for next term based on misleading information from the club may now ask for a refund?

After all, they were told that they would be helping to bolster the playing squad for their "operationally self-sufficient" club, whereas the truth is that season ticket income has been burned on trying to settle immediate debts and this money has now "dried up".

Oh dear. Not sure even administration will protect them now, it could be straight into bankruptcy ala Oldco but with no prospect of a Newco being set up in time for the new season.

Quote:

---

Originally Posted by dangermouse

I see one of HoMFC's excuses for having no money is The Rangers not being in the SPL. How come 11 other teams managed to get by without them?

That must be some business plan when you are relying on the away support to bail you out. Imagine how much worse it would have been for them if we had made top six. :agree:

---

Rangers have kept them afloat this season with payments re Wallace and Templeton without which they wouldnt have seen out the season.

Quote:

---

Originally Posted by jacomoseven

With Hearts fans who subscribed to the 'share issue' now starting to ask for their money back, I wonder if any Yams who bought a season ticket for next term based on misleading information from the club may now ask for a refund?

After all, they were told that they would be helping to bolster the playing squad for their "operationally self-sufficient" club, whereas the truth is that season ticket income has been burned on trying to settle immediate debts and this money has now "dried up".

Oh dear. Not sure even administration will protect them now, it could be straight into bankruptcy ala Oldco but with no prospect of a Newco being set up in time for the new season.

---

They have nothing worth buying its over this time it is he end

Quote:

---

Originally Posted by calumhibee1

I thought that. But then I was starting to wonder if he's maybe signed, been given his signing on fee and will then be free to move on elsewhere, with the signing on fee in his pocket. If so then well played that man. :agree:

---

Now that would be very clever but a bit unlikely.:confused:

What about Goodwillie and Boyd (he he) as punted by that quite dreadful paper the Edinburgh Evening News which on todays back page has some complete nonsense about Hearts fans being reassured by the administrators statement yesterday.

Contrived 'Feel Good' drivel for really stupid people to swallow hole.:greengrin

This must be how all big clubs operate during the close season.

Allisbarry.

Anyone else think we should try sign Novakovas, if he signs for another Scottish team they will be due no compo, if he signs for a team outwith they will be due to get £100k so Ive read :greengrin

http://www.scotsman.com/edinburgh-ev...amed-1-2965247

Quote:

---

Salaries at Hearts are as low as £1.5m annually at the moment after many high-earning players were released last month

---

Is that for one player? If not their 100 staff are each averaging £15k p.a. before deductions.

Why does he print such pish?

Danny Wilson' first pay cheque looking like it will be an 'IOU' then :aok::greengrin Good one Biscuits:wink:

Quote:

---

Originally Posted by truehibernian

Danny Wilson' first pay cheque looking like it will be an 'IOU' then :aok::greengrin Good one Biscuits:wink:

---

Wasn't due to join until July. Can't see it going through.

Quote:

---

Originally Posted by Peevemor

http://www.scotsman.com/edinburgh-ev...amed-1-2965247



Is that for one player? If not their 100 staff are each averaging £15k p.a. before deductions.

Why does he print such pish?

---

Even by Banderson's standards, that's a howler.

Wasn't their salaries in excess of £8.5M according to their last set of accounts?

I haven't can't find the words to express the sense of pride I feel in the part Hibs have played in our horrible neighbours' downfall.

Hearts are the suicide bombers of Scottish football. They hate their enemy, us, more than they love themselves.

And boom, they're gone.

Except unlike a suicide bomber, they didn't take anyone with them.

Would you swap your club for winning the cup against them by a 4 goal margin?

Thought not.

Hello, by the way :greengrin

Quote:

---

Originally Posted by Peevemor

http://www.scotsman.com/edinburgh-ev...amed-1-2965247



Is that for one player? If not their 100 staff are each averaging £15k p.a. before deductions.

Why does he print such pish?

---

I don't think he sense checks anything before it goes to print.

Can they not just parade the League Cup round all the schools and charge each kid a quid to have their picture taken with it like they did with the Scottish Cup last season?

Oh wait...

Quote:

---

Originally Posted by vince1973

Okay then Sandy,

Hibs have a player budget, which is a percentage of our turnover, which last time I looked was about 60%, the last time I saw the same info on your team it was 110%, I truthfully thought it was probably way more than this. Loanees are part of that budget, a budget we have stuck to. Also, each and EVERY month we paid our players their agree contract amounts, and each and every due date we paid our taxes to HMRC. Loanees, do you really want to talk about that?!? I believe that the current "situation and 1.5mil tax bill" comes from a large amount of loanees from your motherland that never paid taxes, our loanees were budgeted and paid for. Your loanees will be one of the leading causes of the mess your clud is in right now. So that was probably a bad example to bring up, no?

Hibs debt, we have a debt, and yes it has increased over the last couple of years, this is a managed debt, and I can assure you this year it will be reduced due to the cup runs and increased ticket sales, in what was, quite a disappointing season for us. (your teams ticket sales fell last year, even though your director begged money from the support). Hibs are in good shape, no matter how you look at it and no matter what spin you put on it, Hibs are well run, with transparent accounts, and published accounts on time. Each year there is a multi page thread on here about our accounts, there is never a delay in them being published and there is no ambiguity about those accounts. Our auditors sign them off with little to no worries or concessions. Can your team say the same? Nah, didnae think so.

You mention "vast majority of SPL clubs, are just one click away from being in a financial predicament", this is total BS, most SPL clubs work within their prescribed budget and each year they adjust these to the current situation, this is why most teams player budget has reduced over the last few years. The two clubs that seemed to ignore these basic common sense rules of business were the huns, see what happened there, and your team, have a look at your teams website today, it is not good reading!

Your squad is as good as Hibs current squad, okay lets look at that point, we effectively have lost Leigh, he was a great player, who we paid for btw (loanees do have to be paid for in most cases), even without him in the squad, we have far superior players in almost all positions on the park, we finished 7th in the league and that takes into account our usual slump. This was quite a way above your team. No? Your team is now made up of a few senior players and a lot of youth players, touted as the best youth squad produced by any SPL team in years? The same squad that finished in the bottom half of the U20s league (the competition Hibs won in recent years). We will need to wait and see in the coming season who has the best squad, but I would put money on it that Hibs will finish well above your team this coming year.

You also say Vlad was idiotic in his running of HoMFC, I think we all may find out in the coming months that he was criminal in his running of your club, which might actually be the death knell of your club, we will have to wait and see.

Moral high ground? Your damn right Hibs can take the moral high ground, we have not cheated, we did not pay players salaries outwith our income, while your team paid players £10K plus a week, we did not out bid other SPL team to get player we essentially could not afford, and then not pay those same players. So yes we will take the moral high ground, because quite frankly we deserve to, unlike hearts.

So any more points you wish to make? Please feel free, this is an open forum and we will debate these points, and you can keep your head in the sand while the team your support crumbles around you.

GGTTH

Vince xx

---

:top marks:not worth

Exactly what I wanted to say.

Jamie McDonald is not THAT bad a keeper, I would think he is the first player most likly to leave/someone wanting, motherwell needing a replacement for Randolph?? a league 1 team maybe, other than that I cant think who else they have of any significance.

Can the thread title be updated, please.

Fire sale has started.

Quote:

---

Originally Posted by andrew70

Wilson was decent when he left Rangers, his career has stalled and FWIW I think Hanlon (both left footed centre halves) is better than him.

Neither Walker and Holt would immediately improve our midfield which already has several options. I do like Holt, as a player, but no point in harming our own youngsters progression to help Hearts out. Horribine is just as good a player IMO

---

Don't get me wrong, I meant as squad players. But with Mcpakes injury record Wilson could slot in at left back and mcgivern moves to centre half. Walker has potential i feel and could become a player.

I think they would improve the squad immediately but i agree that it may harm the young players we have coming through in midfield.

Quote:

---

Originally Posted by Doddie

Much as I find wee Sandy amusing, I think he should be punted. I think he's shaun_lawson in disguise. Better getting rid now. He'll eventually bite somebody, and you never know what sort of germs he's carrying.

Sandy, as already pointed out, Hibs pay the players registered to play for them, whatever the terms may be under which they've been signed. Hibs pay their tax-bill when it comes due, not when HMRC finally manage to pin them into a corner with threats of closure. Hibs have financed the construction of a modern, properly-equipped training ground, have entirely rebuilt their stadium, and are one of the very small number of SPL clubs who have reduced their debt over the past decade.

Hibs know where the owner is. We know where the chairman is. The police aren't seeking to interview either of them about money that seems to have 'gone missing' from the club's bank-accounts. Hibs' accounts are published on time, year by year, and year by year the club AGM gets to examine them, ask questions about them, and then votes to approve them. This is known as legal good practice.

NONE of the above is true of Hearts right now. None of that's been true of Hearts for a very long time now. Hearts have signed players knowing full well that they didn't have the money or the intention of paying them what they had been promised. Hearts have entered into contracts with other firms for services they had neither the intention or the ability to pay for. They have repeatedly failed to pay players' salaries on time; your stadium grows shabbier and more run-down by the week; the only reason you haven't been wound up already is so that you can continue to scrape together enough cash to pay off a little of the interest on your massive debts - debts that you have no hope of paying off. All you're paying right now is a proportion of the administrators' fees. YOUR debt is the one that's growing by the day.

Ten years ago, in 2003, PricewaterhouseCoopers stated that Hearts and four other SPL clubs were technically insolvent. Livingston and Dundee went into administration. Last I looked, they were in the First Division. Dunfermline sorted themselves out by stringent cost-cutting; unfortunately for them, they've slid back into deep trouble again. They're now in the Second Division. Hearts are right now technically insolvent and at the mercy of the administrators managing the UBIG/Ukio mess. Are you beginning to see a pattern here, Sandy?

Now take a guess who the other team was?

Yup. Hibs.

Since 2003 Hibs have balanced their books, completed the rebuilding of their stadium, built East Mains, paid all debts when they came due and honoured all salaries and contracts. AND maintained their SPL status.

Away you go and play.

And maybe this evening you'd like to look up "Ponzi scheme" on Wikipedia. (Mum'll show you how to do it if you can't manage yourself.) That'll explain how Vlad's been running your club for the past 8 years.

---

The other thing the deluded ones seem to forget is that Hibernian's owner continues to support the club and ensures it is run on a sound financial basis. In addition, when needed he will also put in some money as required. As to the debt to which the deluded one refers, it is mainly mortgage which is under control and subject to agreements with the lenders. So far as I can see Hibernian has not run up a debt with HMRC and is able to pay its other bills on time. Yes Hibs have had to cut their cloth and have been doing so for years but our neighbours have never appeared to recognise the word prudence. They do however have a fine line in getting cash from their supporters by blackmail. The supporters seem happy to put their hands in their pockets. They do so only, it appears, to have bragging rights over us as the big team. However, they are now drowning in debt and problems and it will need more that the kids pocket money. The best thing would be for the Club to roll over and die and then others can pick up the remains from the ashes. A fool and his money are easily parted. Romanov saw that in the fans but didn't see his own troubles
coming - more fool him. I do hope that Hearts do not die completely as I do believe both teams need each other but I do hope they have a long and severe bout of montezuma's revenge - it will be good for them.

In the meantime we should go about our business as normal - as the Egyptians say "if you wait long enough the bodies of your enemies will come floating past you in the Nile!"

Quote:

---

Originally Posted by Peevemor

http://www.scotsman.com/edinburgh-ev...amed-1-2965247



Is that for one player? If not their 100 staff are each averaging £15k p.a. before deductions.

Why does he print such pish?

---

Nah, what he means is that, taking into account that they hardly ever pay the wages, anyway, or the PAYE, it means that their annual bill is that. :greengrin

If they paid the proper wages and taxes, it would be squillions more.

Anent the general situation, I've always had my suspicions that any cash generated by the Yams was immediately whisked off to Vlad's wee account in the Cayman Islands or wherever. When they say they have spent all next season's ticket cash already, could that mean it has been transferred out of the Yams' bank account?

Anent another matter, someone on here, I think, got the information from the Cooncil that the Yams owed something like £55,000 in back business rates. Has anyone got up-to-date figures? I hope they are also up-to-date with their dues for policing. Wouldn't want the Cooncil to write off debt to help them out, would we?

I wonder if their comment about issues with the death-trap, accident-waiting-to-happen main stand could mean that the Cooncil has finally refused to issue a safety certificate? Comments anyone?

Quote:

---

Originally Posted by Doddie

Much as I find wee Sandy amusing, I think he should be punted. I think he's shaun_lawson in disguise. Better getting rid now. He'll eventually bite somebody, and you never know what sort of germs he's carrying.

Sandy, as already pointed out, Hibs pay the players registered to play for them, whatever the terms may be under which they've been signed. Hibs pay their tax-bill when it comes due, not when HMRC finally manage to pin them into a corner with threats of closure. Hibs have financed the construction of a modern, properly-equipped training ground, have entirely rebuilt their stadium, and are one of the very small number of SPL clubs who have reduced their debt over the past decade.

Hibs know where the owner is. We know where the chairman is. The police aren't seeking to interview either of them about money that seems to have 'gone missing' from the club's bank-accounts. Hibs' accounts are published on time, year by year, and year by year the club AGM gets to examine them, ask questions about them, and then votes to approve them. This is known as legal good practice.

NONE of the above is true of Hearts right now. None of that's been true of Hearts for a very long time now. Hearts have signed players knowing full well that they didn't have the money or the intention of paying them what they had been promised. Hearts have entered into contracts with other firms for services they had neither the intention or the ability to pay for. They have repeatedly failed to pay players' salaries on time; your stadium grows shabbier and more run-down by the week; the only reason you haven't been wound up already is so that you can continue to scrape together enough cash to pay off a little of the interest on your massive debts - debts that you have no hope of paying off. All you're paying right now is a proportion of the administrators' fees. YOUR debt is the one that's growing by the day.

Ten years ago, in 2003, PricewaterhouseCoopers stated that Hearts and four other SPL clubs were technically insolvent. Livingston and Dundee went into administration. Last I looked, they were in the First Division. Dunfermline sorted themselves out by stringent cost-cutting; unfortunately for them, they've slid back into deep trouble again. They're now in the Second Division. Hearts are right now technically insolvent and at the mercy of the administrators managing the UBIG/Ukio mess. Are you beginning to see a pattern here, Sandy?

Now take a guess who the other team was?

Yup. Hibs.

Since 2003 Hibs have balanced their books, completed the rebuilding of their stadium, built East Mains, paid all debts when they came due and honoured all salaries and contracts. AND maintained their SPL status.

Away you go and play.

And maybe this evening you'd like to look up "Ponzi scheme" on Wikipedia. (Mum'll show you how to do it if you can't manage yourself.) That'll explain how Vlad's been running your club for the past 8 years.

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:agree: :top marks

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Originally Posted by Hibee87

Jamie McDonald is not THAT bad a keeper, I would think he is the first player most likly to leave/someone wanting, motherwell needing a replacement for Randolph?? a league 1 team maybe, other than that I cant think who else they have of any significance.

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I think you've highlighted the challenge for hearts here, it's not who they can sell, i'm sure they realise that's not realistic. The issue they face is finding players they can give away to get off the wage bill and you're right if they're lucky and find a sympathetic club they'll maybe find someone to take Mcdonald off there hands.