Relegation would be funny.
Seeing them go bust I don’t think would be funny, there’s families that go watch them every week and have supported them together for years. Just like us. It would be a shame for those families to lose something like that.
Printable View
Relegation would be funny.
Seeing them go bust I don’t think would be funny, there’s families that go watch them every week and have supported them together for years. Just like us. It would be a shame for those families to lose something like that.
If only they hadn't gone 12 million over budget on a new stand while paying players 7/8k per week
Statement o'clock
https://www.heartsfc.co.uk/news/article/club-statement-1-2-3-4-5-6
They won’t, they’ll get a CVA.Quote:
Originally Posted by SaulGoodman
Sent from my iPhone using Tapatalk
It’s all relative.Quote:
Originally Posted by Onion
How much are their mortgages? What about their cars? For the ones out of contract in the summer how much do they need to put aside for the period they aren’t earning?
Are they at it exaggerating their financial position to influence the authorities not to relagate them.
I see links have already been added to other articles, but here's Banderson's version
Asked to take a cut due to Coronavirus?
Aye, right!
While people’s first reaction might be to laugh at this, you’re very naive if you think us, and other clubs, won’t be following suit very soon.
Apparently.Quote:
Originally Posted by Ozyhibby
IMO this looks like an attempt to get a lot of their overpaid, underperforming, wage burners off their payroll, on the cheap. I would urge those players to take legal advice/action and stand up for their contractual rights. Hearts have previous with this shameless tactic. Just like their precarious league position, they put themselves in this position so need to accept the consequence instead of looking for folk to bail them out.
This is what irks me, and what they will continue to flog to the masses. And not because of maybe... Bad management ?!Quote:
Originally Posted by Keith_M
She says that football is unlikely to be played again until July/August - given that Uefa want the league settled by June I think this is clear that they know they're being relegated.
Sooner the season is declared over and prize money paid out and insurance activated the better
The impression you get from that is that she already knows they're getting relegated and is cutting their cloth for the Championship.Quote:
Originally Posted by grunt
Sadly remember the last time they weren’t paying wages
The team still played “well” and seemed committed to the club
They are ****ed. Bottom of the league and ****ed for cash, no income from their super new stand, no mystery benefactors topping them up and Budge not putting in her own cash.Quote:
Originally Posted by Since452
Ach I know we’re experiencing the biggest crisis since WWII but it did give me a good laugh reading they’re toiling. Keeps moral up what!
Except this time around they haven't been playing well to start off with and they don't have any games in any case.Quote:
Originally Posted by SouthMoroccoStu
Their players have shown 50% effort so seems fair....and the cost of the supa-dupa, mega, envy of scottish football, unfinished new rust-bucket stand has risen by 50% twice, so it'll all add up in the end, or not.
Sent from my SM-A405FN using Tapatalk
They're ahead of the curve here according to Kickback.
Assume that’s the benefactor closed the wallet and said no more cash
Clearly the impact of coronavirus could not have been foreseen, but you have to question her rationale in allowing such a massive overspend (what is it again, about £12 million over budget?) on the new stand when set against the possibility of a season like the one they've had when relegation is very much on the cards with or without the pandemic. If I was being asked by my bosses to take a 50% pay cut or face the sack I might want to call into question the excess millions sanctioned for what is by and large a vanity project.
See if they didn’t act like tossers and threaten legal action I would have a bit more empathy to them.......Quote:
Originally Posted by Bishop Hibee
Nah who am I trying to kid on 😁😁
COVID-19 is the straw that broke the camel’s back. Or should it be the 20 ton fat bloke that broke the camel’s back? Myself and a few others here have being pointing out for a couple of years now how HMFC have been overspending.
They managed to fire through some £24m of extraneous cash before the virus was even heard of. This isn’t about COVID-19 it’s about sheer incompetence, bad management and delusional levels of over-spending.
HMFC are heading for another insolvency event and I have only one thing to say:
TOLD YA!
Why doesn’t Budge and her rich benefactor cronies just find a legal way of financing their joke of a club through this temporary crisis?
Wonder if the likes of hickey will use this to get a free transfer
Wonder if berra will take a wage cut.
I say this one more time
GENTLEMEN START YOUR OVENS
Nah. They are in serious trouble. No exaggerating.Quote:
Originally Posted by The Count
Where’s self sufficient Southern when you need him?
The only way out of this is for Budge or Benefactor or supporters to stump up some additional huge sum of cash out their own pockets. No bank or sane institution is going to lend them a penny.Quote:
Originally Posted by Jim44
Second Insolvency event is incoming.