Flour's probably worth more than Hearts right now!
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The Gorgie Hitlers at it again. Players won’t be paid a penny unless they agree to wage cuts.
How has she been a successful businesswomen? She couldn’t organise a piss up in a brewery.
I
https://www.heartsfc.co.uk/news/arti...le-documentary
Two Rivers media are producing the comedy. “ To show the complex business of running a premier league football club “
Dearie me ! That statement's all over the place (as usual).
She says that the players "unanimously" understand the circumstances. What a pointless thing to say, apart from trying to portray an image of unity that obviously doesn't exist.
She goes on
"I am an owner and supporter who is committed to the journey of full fan ownership"
but also
"As a fan-owned club we are unable to take on a substantial amount of player debt"
Is this another "your share certificates are in the post" episode?
I agree the general point, but Clause 12 seems clear to me on who has the power to suspend:-
“In the event of the Scottish FA deciding that the game shall be suspended, either entirely or in any district or districts as provided for in the articles of association of the Scottish FA, this agreement shall be correspondingly suspended, unless the club is exempted from such suspension or the club otherwise determines.”
Just pinched this from Brokeback - I highlighted the bit on bold
Dear Pledger
Following today’s club statement, the Foundation board has discussed the issues arising from that and I want to pass on to you our views.
There are two over-riding and linked principles which the statement makes clear. First, that the club’s business plan is geared to ensuring the sustainability of the club through and after the impact of Covid-19. Secondly, that decisions and actions taken now should not result in football debt being passed on to the next owners of the club. These are principles which, not surprisingly, we endorse wholeheartedly. We all know the impact of the club being burdened by debt and after the years of financial support which supporters have given to the club through the Foundation, to be placed in that situation once again at the very time that fan ownership becomes a reality would be quite intolerable
We therefore welcome the chairwoman’s stance on this and are in full agreement with the proposals she has outlined. We are very grateful to those players who have already declared their support and acceptance of the temporary measures. Others need time to process and discuss the situation based on their own personal circumstances and this too we absolutely appreciate.
We would also like to pay tribute to the staff of the club. They have gone the extra mile to help its long-term future and we truly appreciate that.
Everyone involved at this great club is making concessions right now, not least the fans who – in the most challenging of circumstances - are continuing to pledge and are supporting the club in other ways such as season ticket purchases. The lessons of the past are burned deeply in the Gorgie psyche. We have all learned from them, and the board of the Foundation will always support strategies which prevent past mistakes being repeated.
Together, with some challenges, we know, we can safeguard the future of Heart of Midlothian - something the Hearts community has done in the recent past and which I have no doubt we will all do again now.
Thank you for your unbelievable support, and please stay safe and stay well.
Kind regards
Stuart Wallace
Chair, Foundation of Hearts
Budge surely can put the £2.4 million she has just received back into the club, pay the players. Another 2 years of donations to pay her back but at least they would be doing the right thing.
Absolutely disgusting threatening the players like this. They really are a shower of *hite and I hope they get what they deserve.
To all the hearts players. Stay strong. She will cave, there is absolutely no chance she will tarnish her legacy by invoking clause 12 and the legal disputes this will cause.
Yes but can it be used for some players and not others which would seem to be contrary to the intention of the clause? If you can use it in such a scattergun way then there is a risk of them breaking the law. For example if the Scots players accept a variation and they end up suspending a contract of a non Scottish player. That player may claim they are being discriminated against if say the Scots or British players are not being suspended. :wink:
I can quite understand, if there is little money in the pot, attempts to keep things running but the approach seems quite brutal so presumably either reflects their cultural approach to business or is high end desperation.
Gorgie psyche? Christ almighty.
They want to be lauded for this “unique fan ownership model” but can’t deal with the realities of actually running a club.
They don’t seem to appreciate that they took on a debt the moment they signed the contracts of the huge number of player and coaching staff.
Pathetic.