Printable View
If the lockdown looks like being extenddd in Scotland and clubs can’t play until next year the they will have to cut costs massively. That means cutting all staff and putting the business into hibernation. The only way to avoid this would be govt support.Quote:
Originally Posted by Blaster
Sent from my iPhone using Tapatalk
The Lithuanian pensioners, I cant recall any Lith Govt money or am I wrong?Quote:
Originally Posted by SouthMoroccoStu
Quote:
Originally Posted by munchar
It’s very simple. Budge has temporarily lost Benny Factor’s phone number.
She is likely to find it again just in time to outbid other more prudent clubs for an expensive striker.
She can find it in the phone book, between Benny Hill and Ben Dover.Quote:
Originally Posted by jacomo
The Government is talking about Bounce Back Loans for businesses.So Budgie can apply for one to help the Jambos in the Championship.Problem solved.
If hearts (or Benny) Can find a £6000 a week striker in a three year deal while they’re favorites for the drop well?Quote:
Originally Posted by Jones28
They are much more equipped than anyone to take the drop to the championship for a year or two.
A good suggestion :agree:Quote:
Originally Posted by Blaster
I do wonder if a club owned by fans (taxpayers) may in the future argue they don't have to pay it back as they owe it to themselves?
[emoji106][emoji16]Quote:
Originally Posted by Hibernianinc
They'll not need to borrow anything if they just decide when to declare themselves self sufficient again. Worked well last time.
Sent from my SM-A750FN using Tapatalk
I think Budge is their benefactor.Quote:
Originally Posted by munchar
You think the woman who issues a statement every time she has eggs for breakfast would keep quiet about this fact? Really?Quote:
Originally Posted by Coco Bryce
Quote:
Originally Posted by Ozyhibby
If there's to be a long term shutdown, it might be the case that putting the business into hibernation would be the only option.
As long as the clubs can keep their stadium's in reasonable condition, and out of the reach of business predators, then they could resume later.
The problem is with players contracts, which could cripple the clubs if they're to keep them going.
Quote:
Originally Posted by Coco Bryce
No chance , Edinburgh Council would be my bet, and their spare cash is all tied up for the moment. :greengrin
Yes. Her investment is going tits up under her leadership and she know it. Trying to keep them and her investment afloat.Quote:
Originally Posted by Spike Mandela
Why would she admit she's made a complete woman's front of it?
She'd be better of turning the whole thing over to the Guardian's golfing rugger boy, he sounds like a guy who knows what he's doing and has all the best contacts by the sounds of it.[emoji849]Quote:
Originally Posted by Coco Bryce
Sent from my SM-A750FN using Tapatalk
I think this is the case also. They’ve seen an opportunity to offload an overpaid underperforming team and are using the virus as an excuse to make this happen.Quote:
Originally Posted by munchar
I think we’ll see benefactor contributions of c£5m in the current financial year and something similar in 20/21.
Much though I share your distaste for some of EC's financial chicanery with Hearts, I think the sums are just too large for them to be Benny. £3.25m for last season alone would have to be shown in EC's accounts & anyone trying to hide it could end up in the pokey!Quote:
Originally Posted by greenginger
More likely that Benny has blocked her calls.Quote:
Originally Posted by jacomo
Nah, they will pick and choose when to put money in/cover up cracks. They can’t ask for players to take cuts and have Benny kicking about, they already got caught with that leaked email to agents.Quote:
Originally Posted by Argylehibby
I just do not get this benefactor thing.We have a fit and proper test in Scotland to own a club ( how King got through that is questionable).So surely a club has to declare to the football authorities where money is coming from.If not it could be laundered money from anywhere.Once passed by the football authorities then a club is within its rights if the doner requests to keep it private.So the question is do the SPL and SFA know the benefactor and are happy with the source of the money?
She's blocked herself?Quote:
Originally Posted by Argylehibby
Exactly my thoughts. Even paying in small cheques now comes under scrutiny, supposedly to prevent money laundering, but Hearts get £3,25m in donations without identification of the donor(s).Quote:
Originally Posted by The Count
The money will have already been subject to money laundering checks by the banks, auditors and lawyers involved. The SFA are entitled, IMO, to rely on them. And, if they don't, they are entitled to ask the appropriate questions; that part of the process has to be confidential.Quote:
Originally Posted by The Count
OQuote:
Originally Posted by brog
Maybe, but don’t forget it was just a few years ago they tried to get a motion through the Council to make it policy that they would build a whole new stadium for their favourite Edinburgh team.
Also, it was just last year they sold off an acre of council land to HoMFC to house their new stand for the sum of £ 1.
The councils budget is about £ 1.3 billion, a few million to a “ good “ cause would never be missed. :greengrin
Until Benny Factor is revealed the council will remain on my suspects list.
The black hole in UKIO bankas led it to be declared bankrupt. Depositors from the bank lost their money but the government had to carry out a €300 billion bailout so the bank's operations could be transferred to another bank. About a quarter of the bailout was down to loans to Hearts via Romanov's investment vehicle UBIG. The government issued new debt to fund the bailout, so the whole Lithuanian people have the burden of paying back this loan.Quote:
Originally Posted by hibeerealist
https://www.edinburghnews.scotsman.c...ership-2844719
Aye, ok Lesley
Following these EEN stories, and BAndersons Twitter feed, there definitely seems to be an air of desperation around our Gorgie chums just now.Quote:
Originally Posted by Fuzzywuzzy
Maybe a sudden realisation of their situation followed by a lot of straw clutching?
But, but, but it's no fair.Quote:
Originally Posted by speedy_gonzales
You saying Hearts burned 75 billion euros? They must have built another standQuote:
Originally Posted by FilipinoHibs
Seems like a Jambo bullying/coercion tacting, albeit done indirectly via Leslie Deans, trying to pressurise the SPFL and the other clubs to give them their reconstruction. Hopefully it backfires on them with other clubs seeing through them.Quote:
Originally Posted by Fuzzywuzzy
Article goes from a headline of ‘strong legal case’ to ‘reasonable chance of success’Quote:
Originally Posted by 007
As we know Patrick have explored this already and deemed it to costly for the chances of victory along with the length of time it would take.
More noise from the Jambos that hopefully does little to curry favour with everyone else.