The generic Hearts thread

Quote:

---

Originally Posted by Green Blood

“Hearts are probably in a healthier position to survive because they’re commercially debt free, their financial liabilities are close to zero and have one of the best businesswomen in the country, leading from the front.



https://i2-prod.dailyrecord.co.uk/in...tsBook_020.jpg

Send this pic to all their suppliers, cheating bstrds. No shame at that club. This man is allegedly a politician!

---

Commercially debt free, reads nobody gives them credit !

What about , business rates , HMRC , Herriot Watt, don’t suppose you count them as “ commercial “.

Best business woman in the country !! :greengrin Oh ma sides !

Quote:

---

Originally Posted by underscore

Academy staff have been put on unpaid leave.

---

Is that Edinburgh Academy or Perth Academy. Maybe Wick Academy?

Budge is not some sort of business messiah.

I always scratched my head when this old woman made her money in IT.

From what I believe, she was a manager and the company was struggling. She lead a management buy out and when the economy picked up the business began to flourish again.

Happy to be corrected if wrong but she hasn’t taken a business idea from scratch and made it a success like Bezos or Gates. She’s been a member of staff, taken over a business, had a stroke of luck with the upturn in the economy and sold it for £40 million.

Yes she made a good decision, yes she saved the business and turned it around but she’s not this bold brave amazing business woman she’s made out to be.

Quote:

---

Originally Posted by Oscar T Grouch

While I’m trying to take pleasure from the hertz woes I’m finding it difficult purely down to the fact that this is effecting so many people I know, most of whom are lost and scared and have no idea how their future is going to pan out. I’ve heard from mates who drive buses, working in kitchens, work in retail all who’ve been laid off this week, more have been told their hours are being cut in half. It’s distressing to see so many people in trouble. Hertz may be the first but I genuinely think we’re going to lose quite a few football clubs because of this crisis. Mostly smaller community clubs but a few of the big boys will be run close to the edge and a few may fall over it. I have sympathy for the lower paid staff because like most of us, they have no savings to fall back on. This pandemic could lead to another 1930s type depression. It is very worrying when we have in government a party who couldn’t care less for the poor and vulnerable in society. I know it’s hertz but we should all try and look at the bigger picture. Yes they’ve been badly managed for years and pissed millions up the wall but there are a lot of normal working people at that club who are facing a real crisis, who have no blame at their feet bar working for hertz.
I hope the human race will see themselves through this pandemic with a view to changing things for the better, I fear we will come through this more cynical and detached from each other though. I like seeing hertz in trouble normally but given the bigger picture is rather bleak I find it hard to take pleasure from their current crisis.

---

It’s possible to have overall concern and empathy but still, from a sport point of view, take some pleasure from the footballing position Hearts will find themselves in.

Quote:

---

Originally Posted by makaveli1875

Folk taking pleasure in the damage this is causing need to have a word ffs. It could easily be us in a few weeks.

---

We won't be bottom in a few weeks.

Nobody is taking pleasure at the state of the nation due to the pandemic.

We are taking pleasure in the fact that Hearts are bottom of the League, grovelling to avoid relegation and in their financial overspending over many years.

All of these were before coronavirus came along.

Quote:

---

Originally Posted by Logie Green

There's a fair number of their older supporters who are twisted, bigoted old fools. Don't forget it was that type of their shareholders who would gladly have seen Mercer carry out his plan. The difference between their old bigots and the Huns old bigots is that the Hun ones tell you to your face what they think of you whereas the old hertz bigots are sleekit.

---

That is my experience. I am 63 and was in a tennis club near their ground in early 80s. Mist of the members Hearts fans. There was a couple of us Hibs fans. We we generally treated with contempt and patronised. Though I did enjoy Hearts long spell in the lower reaches at the time.

Quote:

---

Originally Posted by Hibs4185

Budge is not some sort of business messiah.

I always scratched my head when this old woman made her money in IT.

From what I believe, she was a manager and the company was struggling. She lead a management buy out and when the economy picked up the business began to flourish again.

Happy to be corrected if wrong but she hasn’t taken a business idea from scratch and made it a success like Bezos or Gates. She’s been a member of staff, taken over a business, had a stroke of luck with the upturn in the economy and sold it for £40 million.

Yes she made a good decision, yes she saved the business and turned it around but she’s not this bold brave amazing business woman she’s made out to be.

---

Spot on. Have heard on numerous occasions, particularly on Sportsound, that Budge is an excellent businesswoman. Yesterday's news would suggest otherwise...

Quote:

---

Originally Posted by Since452

Work in the construction industry. Most of our customers (house builders and councils) are refusing any more deliveries and cancelling orders. Seriously worrying.


Apologies probably not the right thread to be talking about myself

---

You are fine mate your not alone the hotelier/ pubs/ restaurants businesses are closing in their droves . If that not bad enough think of all the businesses that supply things to them food / wine / anything really this is horrendous

Sent from my SM-G975U1 using Tapatalk

Could hearts potentially be saved without a ball being kicked before the cut off date in June?

lets say St Mirren or Hamilton go belly up before the end of the season and get a 15 point reduction and hearts hang on till they get relegated before ( if they need to ) go into administration. This would allow them the sneakiest luckiest way to stay up.

GGTTH

Quote:

---

Originally Posted by ancient hibee

Why? Our business model for many years has been to live within generated income.Hearts has been to ignore commercial realities and rely on donations to enable them to spend far more than generated income.

---

Don't forget, they not only relied on donations - they STOLE the donations !

Quote:

---

Originally Posted by FilipinoHibs

That is my experience. I am 63 and was in a tennis club near their ground in early 80s. Mist of the members Hearts fans. There was a couple of us Hibs fans. We we generally treated with contempt and patronised. Though I did enjoy Hearts long spell in the lower reaches at the time.

---

And mine, you could count on one hand how many wanted us to survive Mercer's trick with borrowed money. Gloating didn't begin to cover it.

Edinburgh needs just one big team Mercer said and he made it clear what that team would look like and it wasn't Hibs at Easter road.

Karma.

Sent from my SM-A750FN using Tapatalk

It looks as if Hearts were gambling everything on staying up. A new manager in December & a bunch of expensive arrivals in January to add to the expensive summer arrivals, Glenn Whelan anyone? They followed the Ibrox model of spending other peoples money to try & achieve success, in this case success being an 11th place finish, until new monies come in. The problem is when the new money comes in it's used to pay old debts & so the whole cycle begins again. Same principle really as a Ponzi scheme. They must have been pretty much on life support until the surprise semi-final achievement which allowed them to think they could get away with it 1 more time. Covid 19 is not the cause but it is the catalyst for their downfall which has been years in the making. They couldn't go to the fans again, & surely even the most ignorant/die hard fan must now be asking questions, or is that naive thinking?
Separately I feel extremely sorry for the youngsters & other lower paid staff who may lose their jobs at this awful time but it would be an extreme stretch for me to feel sorry for the likes of Naismith who has effectively replaced skill with cheating as his ability declines. I feel no sympathy whatsoever for the arrogant, ignorant, patronising & cheating club that has been the hallmark of HMFC for decades.

Quote:

---

Originally Posted by Alex Trager

I’m not sure the boy with 51 on the back of his top would leave them so easily.

---

Pretty sure he is a weegie who came from Celtic. Most likely heading back there too if he doesnt take a hit in his already small wage!

Quote:

---

Originally Posted by southern hibby

Could hearts potentially be saved without a ball being kicked before the cut off date in June?

lets say St Mirren or Hamilton go belly up before the end of the season and get a 15 point reduction and hearts hang on till they get relegated before ( if they need to ) go into administration. This would allow them the sneakiest luckiest way to stay up.

GGTTH

---

Hamilton and St Mirren haven’t got a massive wage budget that will lead them into administration though, they also don’t budget for big crowds, especially at this time of the season. Hearts overspend and gamble year in year out.

Surely your more astute jambos are absolutely livid at the way Budge has lashed cash at anything and everything never knowingly failing to pay double for whatever she wanted. She is catastrophic in the way she has run the club..you get the feeling more than a few agents, contractors and businesses have taken advantage of her inexperience in football.

To ask the clubs employees to take a 50% cut so quickly and with all the attendant financial worries it will cause is an absolutely desperate and morally despicable act.

Thank **** we are not them.

Sent from my SM-G975F using Tapatalk

According to our friends on Kickback she is streets ahead of the rest of us on this issue.

She's the first in Britain to ask the players to take pay cuts but we will all soon be following her lead.

If Hearts are in a bad way, then everyone else is about to go under cause they are financially sound.

They've learnt nothing from before and deserve admin. They should go for it now and take the 15 pt deduction.

Quote:

---

Originally Posted by WhileTheChief..

They've learnt nothing from before and deserve admin. They should go for it now and take the 15 pt deduction.

---

Then the league starts back up again and if they hadn't taken the points deduction then they would have stayed up. :wink:

Quote:

---

Originally Posted by brog

It looks as if Hearts were gambling everything on staying up. A new manager in December & a bunch of expensive arrivals in January to add to the expensive summer arrivals, Glenn Whelan anyone? They followed the Ibrox model of spending other peoples money to try & achieve success, in this case success being an 11th place finish, until new monies come in. The problem is when the new money comes in it's used to pay old debts & so the whole cycle begins again. Same principle really as a Ponzi scheme. They must have been pretty much on life support until the surprise semi-final achievement which allowed them to think they could get away with it 1 more time. Covid 19 is not the cause but it is the catalyst for their downfall which has been years in the making. They couldn't go to the fans again, & surely even the most ignorant/die hard fan must now be asking questions, or is that naive thinking?
Separately I feel extremely sorry for the youngsters & other lower paid staff who may lose their jobs at this awful time but it would be an extreme stretch for me to feel sorry for the likes of Naismith who has effectively replaced skill with cheating as his ability declines. I feel no sympathy whatsoever for the arrogant, ignorant, patronising & cheating club that has been the hallmark of HMFC for decades.

---

Top post, and the truth

Quote:

---

Originally Posted by brog

It looks as if Hearts were gambling everything on staying up. A new manager in December & a bunch of expensive arrivals in January to add to the expensive summer arrivals, Glenn Whelan anyone? They followed the Ibrox model of spending other peoples money to try & achieve success, in this case success being an 11th place finish, until new monies come in. The problem is when the new money comes in it's used to pay old debts & so the whole cycle begins again. Same principle really as a Ponzi scheme. They must have been pretty much on life support until the surprise semi-final achievement which allowed them to think they could get away with it 1 more time. Covid 19 is not the cause but it is the catalyst for their downfall which has been years in the making. They couldn't go to the fans again, & surely even the most ignorant/die hard fan must now be asking questions, or is that naive thinking?
Separately I feel extremely sorry for the youngsters & other lower paid staff who may lose their jobs at this awful time but it would be an extreme stretch for me to feel sorry for the likes of Naismith who has effectively replaced skill with cheating as his ability declines. I feel no sympathy whatsoever for the arrogant, ignorant, patronising & cheating club that has been the hallmark of HMFC for decades.

---

Well thought out and written

Sent from my SM-G975U1 using Tapatalk

Quote:

---

Originally Posted by WhileTheChief..

According to our friends on Kickback she is streets ahead of the rest of us on this issue.

She's the first in Britain to ask the players to take pay cuts but we will all soon be following her lead.

If Hearts are in a bad way, then everyone else is about to go under cause they are financially sound.

They've learnt nothing from before and deserve admin. They should go for it now and take the 15 pt deduction.

---

The one thing their fans have taken into account is when players say no

Sent from my SM-G975U1 using Tapatalk

If anyone has the slightest hint of sympathy for that mob, go on Twitter and read the comments on the evening news article about Tam McManus's comments where he'd tell them to **** off.
Hope that club dies this time...

Quote:

---

Originally Posted by The Captain....

Surely your more astute jambos are absolutely livid

---

Both of them are writing open letters we speak.

Sent from my SM-A405FN using Tapatalk

If the players say no then she will make people redundant. She has to as there is no cash.

Levein will be back in charge as the Stendel saving is so great.

Quote:

---

Originally Posted by brog

It looks as if Hearts were gambling everything on staying up. A new manager in December & a bunch of expensive arrivals in January to add to the expensive summer arrivals, Glenn Whelan anyone? They followed the Ibrox model of spending other peoples money to try & achieve success, in this case success being an 11th place finish, until new monies come in. The problem is when the new money comes in it's used to pay old debts & so the whole cycle begins again. Same principle really as a Ponzi scheme. They must have been pretty much on life support until the surprise semi-final achievement which allowed them to think they could get away with it 1 more time. Covid 19 is not the cause but it is the catalyst for their downfall which has been years in the making. They couldn't go to the fans again, & surely even the most ignorant/die hard fan must now be asking questions, or is that naive thinking?
Separately I feel extremely sorry for the youngsters & other lower paid staff who may lose their jobs at this awful time but it would be an extreme stretch for me to feel sorry for the likes of Naismith who has effectively replaced skill with cheating as his ability declines. I feel no sympathy whatsoever for the arrogant, ignorant, patronising & cheating club that has been the hallmark of HMFC for decades.

---

I think they could and probably will. They are asking questions but they will realise that they themselves are part of the answer and will, albeit reluctantly, try to bail them out.

Quote:

---

Originally Posted by Skol

If the players say no then she will make people redundant. She has to as there is no cash.

Levein will be back in charge as the Stendel saving is so great.

---

How do you make a player under a fixed contract redundant without paying up the contract?

Quote:

---

Originally Posted by Onceinawhile

We are probably in a slightly better position as we've just had a Derby at home meaning we shifted 3,500 tickets at 30 a pop.

That won't stretch too far unfortunately, so we just need to hope that someone at the club has been sensible and kept a rainy day fund.

Don't take any particular joy in them asking staff to take pay cuts and ticket office staff and club shop staff getting shafted tbh.

---

Would that no be Hertz sold these tickets then pay us?

Have they paid us?

Quote:

---

Originally Posted by hibeerealist

Would that no be Hertz sold these tickets then pay us?

Have they paid us?

---

Regardless if they have or haven’t so far, they’ll have to pay it, as it’s a football debt

Quote:

---

Originally Posted by HoboHarry

How do you make a player under a fixed contract redundant without paying up the contract?

---

By going into administration 😉

Quote:

---

Originally Posted by Jim44

I think they could and probably will. They are asking questions but they will realise that they themselves are part of the answer and will, albeit reluctantly, try to bail them out.

---

I honestly think it will be difficult for them to do so Jim. They still have over 7,000 making regular contributions. If they go back for more they run the risk of p***ing off that base who may cancel. Putting players on 50% wages is a drastic & very public step that they must have taken as a last resort. That's not to say they won't once more ask fans to rally round but they must know that any donations received this time will be considerably less & won't be enough to prevent other major cost cuts taking place.

Quote:

---

Originally Posted by brog

It looks as if Hearts were gambling everything on staying up. A new manager in December & a bunch of expensive arrivals in January to add to the expensive summer arrivals, Glenn Whelan anyone? They followed the Ibrox model of spending other peoples money to try & achieve success, in this case success being an 11th place finish, until new monies come in. The problem is when the new money comes in it's used to pay old debts & so the whole cycle begins again. Same principle really as a Ponzi scheme. They must have been pretty much on life support until the surprise semi-final achievement which allowed them to think they could get away with it 1 more time. Covid 19 is not the cause but it is the catalyst for their downfall which has been years in the making. They couldn't go to the fans again, & surely even the most ignorant/die hard fan must now be asking questions, or is that naive thinking?
Separately I feel extremely sorry for the youngsters & other lower paid staff who may lose their jobs at this awful time but it would be an extreme stretch for me to feel sorry for the likes of Naismith who has effectively replaced skill with cheating as his ability declines. I feel no sympathy whatsoever for the arrogant, ignorant, patronising & cheating club that has been the hallmark of HMFC for decades.

---

100% spot on. Great post.