They're not a real club?
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Looks like it's based on owing money to other clubs for these 6. Hearts don't owe major money to any other teams, assuming they settled that Beslija nonsense.
Doubt UEFA would be overly interested if they are still ducking Arbroath or Nitton Star for pitch rental...
Instead of moaning about it on here, why not email someone at UEFA and ask why there is this apparent inconsistency?
There's a very good letter in the Scotsman today from a Dundee United fan that's got a few Yam biters.
http://www.scotsman.com/sport/footba...rief-1-2705620
Quote:
YOUR sports letters page last Monday (17 December) was filled with the ire of Hearts fans who seem not to understand why supporters of other clubs have little sympathy for their financial plight.
They appear to take the view that running the club well beyond its means until the inevitable implosion (which has reduced them to begging fans to keep them running day to day) has been a price worth paying for the trophies won. Douglas Turner writes that “bigger, better supported clubs have always paid more for players.” The point he overlooks is that Hearts have offered better salaries to players but they have regularly been unable to pay them on time. As a Dundee United supporter I would love to have seen Andy Webster retained, but he opted for a supposedly better deal at Tynecastle. Would he have been so happy to return there had he known that his deal would involve regularly finding his wages unpaid for weeks.
This is what sticks in the throat of other clubs’ fans – that our clubs have battled to maintain their debts at a manageable level over a number of years and have thus been restricted to a tight player budget, while Hearts have ridden roughshod over such considerations and now have the audacity to bleat about the dismal financial situation they find themselves in. The meek acceptance by both players and fans of the way custodians of their club have run matters at Tynecastle has long been a source of bewilderment to the rest of us. To see the mess Hearts are in now reminds me how glad I am that Vladimir Romanov’s interest in Dundee United went no further than it did. We may live hand to mouth as a club but our integrity is intact, not to mention a trophy-winning record superior to Hearts’ over the last 30 years!
MARTIN TURNER
Keptie Street
Arbroath
I think in general most fans of other teams now realise that their arrogant front is nothing short of hilarious in these troubled times for them, you only have to read the comments from these deluded erse wipes in The Scotsman football forum, it's like they are living on another planet with an abundance of illegal chemical substances, they're demise is coming soon...real soon
0-7
wait till january and the mass exodus oh their players they have no money and we will beat them to make them suffer the pain :hibees:pfgwa
I think you might be disappointed if you're looking for a mass exodus. Some will go, sure, but if the signing embargo is continued then they can't let any more than a few go. Factor into that the unwillingness of higher earners to move on.
Hobonomics. Not relevant. :wink:
They'll probably see it out till the end of the season on a hand to mouth exisistence and without the loss of any of their better players. The only thing that might upset the applecart is if there are further problems with Romanov's banking businesses. The stigma and embarassment of their out of control management is water off a duck's back to their supporters and players and, despite being a constant source of amusement for us, it doesn't look like dragging them under in the immediate future.
I'm hoping there is not a mass exodus. They really need it. I'm hoping the player hang on to their over inflated salaries as long as possible.
Unless money arrives from Lithuania they won't make it to the end of the season. In fact I doubt they will be able to make January wages.
Unless their auditors, Johnston Carmichael, start to play hard-ball and tell them their accounts will not be signed off unless they show a clear business plan for elimination of their structural deficit.
Let the Accountants select the squad and pick the team !:greengrin
Baws no the news i wanted to hear still we have this over them and despite the water off a ducks back thing you say i still reckon they are hurting if we keep chucking the muck something will stick their has been good work so far on this thread we know they did not pay their water rates and good info from various accountants on there impending doom.
Plus they have to pay january wages will they have the money for this and the other bills etc that are due i suspect not.
I doubt that very much. There's a bit of a paradox in that Yams highest earners, say Zaliog, Webster, Sutton, Driver, Barr are probably not now their most marketable assets. I think guys that will be most in demand are the McGowans, Patterson, Novikovas & other younger players. These guys will not be on big wages so are more likely to be happy to move. Vlad will take any money he can get asap but the more senior ( not necessarily better ) players mentioned above may sit it out until contracts expire. I predict they'll lose ( at least ) 4 or 5 in Jan & double figures by end of season.
From reports on here, Novikovas has signed a pre-contract with Lech Poznan. Hearts might prefer to unload him now, for a fee, but he doesn't have to go and Lech don't have to take him; it might take some sort of inducement to make it happen.
TBH, the auditor's report has been pretty horrible for years now, and I don't see that changing. Cav will be along to quote the exact wording, but it has been along the lines of "we cannot ascertain whether the company is a going concern, as we were unable to obtain assurances to that effect from the parent company". Now that Romanov has stated that he won't support them financially, the AR will be even more critical. I can't see that HMFC can do anything about it.
You've got to laugh at the over reaction to the name and shame post, a lot of emotional upset about nothing.
Not as simple as that, sadly. Indeed, it would be a horrible world if auditors had that much power. :greengrin
In Hearts' case, the auditor's report is largely irrelevant, at least in a commercial sense. Poor audit reports can lead to overdrafts and loans being called in.... but, given the nature of HMFC's relationship with their holding company and banker, that won't happen just because the AR is bad.
The loans might get called in because of other factors... UBIG's problems, for example, or UKIO's recent merger. In addition, it doesn't need an auditor to tell anybody who matters that HMFC have severe cash-flow problems. So suppliers and other creditors are already taking appropriate action, irrespective of what the audit opinion is.
As has been said often on this thread, it's all about cash now.
Arthur Thomson played for both Hearts AND Hibs and was a thoroughly nice guy despite his on field reputation.