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Do they have to notify the SFA/SPFL that they cannot meet their wages? And from that statement its pretty clear this is not a deferral, the players have lost the money. Either take what we offer or your suspended basically, at a time when no one is hiring. Whist I accept they are not alone, and God forbid we can avoid such a scenario, this is brutal. Is there no insurance for such things? You just know others will be watching closely.Quote:
Originally Posted by jacomo
So they didnt even have 2 months wages in the bank
Surely the SPFL and SFA could quickly set up a Task Force to look at changing the rules so that one club doesn't have to comply with this rule for one season?Quote:
Originally Posted by Kaiser1962
I can think of the ideal person to lead this group and there's every chance she will have agreed a group mission statement before the end of the year before moving onto sorting out group members uniform colours.
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You are correct BH.Quote:
Originally Posted by Bostonhibby
They are ok but ourselves and Aberdeen will be first to go!
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Hail the King.Quote:
Originally Posted by Brummie_Hibs
[emoji23]Quote:
Originally Posted by Brummie_Hibs
The crocs will be safe as I heard they moved out earlier when the view of Edinburgh Castle they were promised failed to materialise.
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Quote:
Originally Posted by Simkin911
She still hasn't agreed wage cuts with the players?
"In my conversations with the playing squad, I outlined that the most judicious approach for the club – considering all available information
– would be to implement a temporary reduction in player salary, with a proposed percentage based on earnings ranging from 10% to 30%."
...
"Having paid the players’ wages in full for March, I have written to them today to request the formal notification of their acceptance of the temporary wage cut proposed in order that we can process salaries next week.
I remain hopeful that the players will accept for the reasons outlined above, as the only viable alternative is that their contracts remain suspended under Clause 12 of the standard SPFL contract which means that they will not receive any wages during the period of suspension."
[emoji23][emoji23][emoji23]Quote:
Originally Posted by Brummie_Hibs
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Players wages are football debt. They will always get paid eventually unless Hearts are liquidated and there is no Phoenix club.Quote:
Originally Posted by Billy Whizz
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Reading that statement it is very clear that they are in very big trouble.
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That can be done but requires a 13 votes to 12 from the premier clubsQuote:
Originally Posted by Bostonhibby
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Feel sorry for the lower earning players if they are stiffed by Hearts.
Feel vaguely sorry for the few Hearts fans I know well, as they are decent guys.
I note that Budge refers to the "hundreds of thousands of Hearts fans". Even in this situation, they still feel compelled to tell us how BIG they are 😂.
I have zero sympathy for Hearts FC, they have overspent all of my adult life, and if this is the (massive and terminal) payback then so be it.
Surely the Hearts site has been hacked. That is not a statement of the most financially secure club in Scotland. The maroon pound must have plummeted in value.Quote:
Originally Posted by jacomo
Maybe she is signalling that they are deffo relegated and cream puffed.
Wonder what the players are saying.
Utter bull**** you hobo, peg selling, spoon burning vermin. Jealous beyond belief!! I read what kiwidug***** had to say and they are the most financially secure club in world football. Hibs on the other hand are about to go tits up. I got one an very very worried. Aye worried about what I should have for tea tonight and also a but concerned that their Daniel will have an escape clause from stalag lift XIII!!Quote:
Originally Posted by Ozyhibby
Yup. And yet their fans are still saying plenty of Scottish clubs will go to the wall ignoring the fact that they are prob more at risk than any other top flight club.Quote:
Originally Posted by Ozyhibby
Their thread discussing the statement is all about Budge being a genius. It’s mental.
Quote:
Originally Posted by 04Sauzee
Yeah but it took the "chairman" 868 words to say that lol - and to hint that they can't possibly pass control over to FOH with football debt - what lot of crap - pay your players what you agreed to - thats not a debt !
Am I right in saying if they cannot pay their staff wages they are insolvent??Quote:
Originally Posted by Ozyhibby
At the end of the day she runs/owns the club and the blame lies firmly with her!
Wonder how many players will be ‘claused?’
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Okay so they form another Task Force to change the rules to require 13 votes to 12, can you think of anyone with the talent to co-ordinate all these Task Forces to deliver before Hearts have to pay their next wage bill...........Quote:
Originally Posted by Greenworld
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One of the tests for insolvency is whether you can meet your debts as they fall due.Quote:
Originally Posted by Aldo
So aye 😀
"I cannot - and will not, in good conscience - leave the club in a position again where football debt is left as a 'legacy' for those who follow."
That sounds very much like she has thrown in the towel. She doesn't have the cash to pay the wages next week so she is desperately looking at ways to hide the debt for the soon to be appointed adminstrators.
She missed the furlough claim cut off date so she is lumbered with the lot. As salary is paid in arrears a failure to pay wages next week, even if she invokes C12, and its dubious applicability, she still owes them a months pay or indeed the team shortly to be called the "Team Previously Known As Hearts" will find themselves climbing back via the 5th, if not 6th tier of Scottish footballs new pyramid with a points penalty to boot.
Cheers CWG. However will this Clause 12 excuse be a way of preventing this??Quote:
Originally Posted by CropleyWasGod
I thought I read somewhere that UEFA would not take lightly trans who did this to players??
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It's an absolutely desperate statement Ozy - not only are they in bad shape financially she has effectively hung the players out to dry too by giving a 'take it or leave it' demand.Quote:
Originally Posted by Ozyhibby
She's now also revealed the real reason for reconstruction - self interest and never in a million years for the 'good of the Scottish game' :agree:
Should not be in the least bit shocked either, it's the way they've run their club (financially) for decades and now expect others to bail them out their mess. Shameless as ever :agree:
Did KP ever confirm whether Hibs are one of the few clubs who are insured ?
Reckon its fake.Remember the email to agents just last month stating they had cash to spend. This is a last ditch shot at getting everyone to feel sorry for them. No working for me.
I've been present when they've been filming some game time footage and trust me they were social distancing regularly well before Covid :greengrin a couple of the 3/4 team crew don't seem to care much for their current assignment :greengrinQuote:
Originally Posted by Kojock
So if the wages have to be in the players’ bank accounts by next Thursday the wages run will probably be Tuesday. She will have known about this for many weeks so using the just in time, hold a gun to the head school of negotiating. Her qualifications must have been from the Trump Business School (failing business department).Quote:
Originally Posted by CropleyWasGod
The fact that their season tickets are on sale might just give them enough to cover their wages this month unfortunately!
Odious behaviour. solely interested in saving her skin and a dubious 'legacy'. and all as a direct consequence of her personal gross incompetence.Quote:
Originally Posted by truehibernian
Swivel eyed, I like that. I'll try to use it more in conversation.Quote:
Originally Posted by Bostonhibby
They'll need more than season tickets LH, I reckon they'll need to purchase more face paint, self raising flour, and chip fryers to get themselves out of the mess they are clearly in :greengrin Mind, with social distancing they'll also need longer paint brushes so a trip to B&Q is on the cards too :aok:Quote:
Originally Posted by linlithgowhibbie
And they should be due some furlough money for April and March soon as wellQuote:
Originally Posted by linlithgowhibbie
Not sure who they furloughed though