May laugh at their financial troubles but the covid19 is going to effect all the clubs sooner or later. Tbh not bothered about Hearts just hope we arebt financially hurt too much
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May laugh at their financial troubles but the covid19 is going to effect all the clubs sooner or later. Tbh not bothered about Hearts just hope we arebt financially hurt too much
We've reportedly got around 5 million in the bank so we're ok. Disappointing if we have to use a chunk of it but I'm not worried.Quote:
Originally Posted by chrisski33
Nae flour on the supermarket shelves.Quote:
Originally Posted by lord bunberry
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That mean Hickey is available on a free?
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Ah yes, Mrs doctor Budge and her alter ego Mr Benny Factor.Quote:
Originally Posted by Jim44
A budget Dr Jekyll and Mr Hyde.
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I wouldn't trust that figure as being accurate.Quote:
Originally Posted by Since452
It may be the case that we're not far behind them in asking folk to take a cut, but you'd have to hope that Ron Gordon is well placed to support the club in the meantime without it getting to that.
He said at the AGM that he was a line of credit if we needed it, so I would expect Hibs to borrow from him before cutting wages.
I doubt it. We had that at the start of the season (ST money, etc) but it will have been well eaten into. We'll probably be running on empty soon too.Quote:
Originally Posted by Since452
It's no different from a normal person feeling minted at the beginning of the month having just been paid - you're a lot less cocky 3 weeks later.
Hearts however started the season with far less cash in the bank than us but higher monthly outgoings. That's why they're so deep in the keech.
Think that was at 30 June last year, we will have spent some of that on running the club.Quote:
Originally Posted by Since452
Tinpot club.
Tick tock.
This has really cheered me up after I was seriously starting to struggle.
Hopefully their players tell them to get raffled.
Most of it I would think.Quote:
Originally Posted by DarlingtonHibee
It’s cool mate, it’s been hoarded by our pink chums in the event of another insolvency event.Quote:
Originally Posted by Bostonhibby
Do you see massive clubs like st m Hamilton Falkirk bleating on yet
Yes indeed. Our balance at end of June 2019 included the season ticket money to be spread out over the year so current cash balances will be low but at least we have a wealthy owner to help see us through until new season ticket money becomes available. We are not going to be immune from financial difficulties.Quote:
Originally Posted by Peevemor
HMFC on the other hand had irresponsibly already spent in advance most of their season ticket money and most likely needed an injection of around £4m from the benefactor before the season even started.
They are stuffed.
Medical in Barcelona once the country is allowed open again ive heard.Quote:
Originally Posted by Ozyhibby
Why would they though? It's 50% pay cut or you can terminate your contract. Which would mean you get paid nothing right? Unless I have that totally wrong.Quote:
Originally Posted by Sir David Gray
Can't see any clubs on the look out to sign new players just now with everyone watching their cash flow!
Just had a read of kickback and apparently they’re just ahead of the curve on this. :faf::faf::faf::faf::faf::faf::faf::faf::faf:
tick tock ya ****in tramps.
Ah, finally we get to experience being in debt to ourselves...😎Quote:
Originally Posted by matty_f
[emoji23]Quote:
Originally Posted by lord bunberry
That's probably where all the Mr Kipling Battenburgs and fondant fancies went as well then.
They like a good administration down gorgie way, maybe they'll get it right this time.
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Don’t all big clubs beg their support for money then ask their players to halve their wages though? I’m confused.Quote:
Originally Posted by matty_f
Commercial income at all clubs will be devastated next season. One of the benefits of us performing poorly in this area for so long now is we won’t really miss it.
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The government announced a package yesterday designed to avoid the need for employers to take these steps
I remember when they declared themselves self sufficient and Banderson put Pesos instead of pounds into his calculator by mistake and said they had millions just before they went pop.Quote:
Originally Posted by lord bunberry
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Guess another advantage we have is our staffing levels are alot lower than Hearts. Think they're hospitality and catering staff are on Hertz's books wereas ours are contractors? (Could be wrong).Quote:
Originally Posted by Ozyhibby
What's even more worrying for Hearts is they've used their last lifeline which is the fans. They're in this position with the fans donating millions to them via FoH every season. If admin MKII came round would they donate more cash when they are already currently donating vast sums to be sat bottom of the league, look an at overpriced stand and be ran rather ****; all this 5-6 years after the last time.
Points deduction..?
Another story for the documentary!
All we need now is relegation is confirmed.
Is she calling bluff about no football till July / August or is she using this to try make the situation sound more serious.
Either way..unless I’m wrong it’s the 1st club in the whole U.K. to come out with such a statement since the virus.
I will be amazed if Levein is getting half his wage - still probably a fortune. Some players surely won’t be happy and can’t see this helping morale especially recent new signings.
it was inevitable after all the home games they've had cancelled 😳
Public events are banned for the foreseeable mate so over face painting and a bake sale cant save them this timeQuote:
Originally Posted by lord bunberry
They offered a loan, but they would have to pay it backQuote:
Originally Posted by Skol