Only hear about new sign ups never cancellations. Still good going from the muppets.
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It's a great effort no doubt, but unless you are thicker than a very thick thing it has to be soul destroying to reach a certain point and realise you're actually worse off than when you started, then decide to give more money to the folk that got you there.
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Foundation of Hearts
@The_FOH
Through the month of May, we have had not much short of 300 new pledges or increased pledges. Absolutely unbelievable. If ever anyone doubted the resolve of @JamTarts supporters when the going gets tough, step up and have a long, hard look. #pledgeforlife
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21:21 - 22 May 2020
Maybe 600 is a slight exaggeration :rolleyes:
I'm sure their employees who they threatened with the sack unless they accepted less money than they were owed will be delighted to hear that FOH and the benefactor are keeping the club in decent financial shape.
According to Budge, no club should be financially impacted due to the coronavirus pandemic, even if it means cheating.
Benny Factor is still there but doesnt seem the current staffs wages as important enough. They are ****. Pure ****.
https://www.msn.com/en-gb/money/news...cid=spartandhp :wink: :greengrin
So now that benefactors and extra FOH members are in place, I guess they will be changing their players from cuts to deferments?!
I agree with you on this but I'm not convinced Benny has disappeared. AFAIK these donations were not publicised at the time & we only know about them from the annual accounts. We probably would not know if donations are currently being made.
In the last 3 years, really the first supposedly normal trading years post Administration, Hearts have declared a profit every year for a grand total profit of £7.1m. In Scottish football terms those are outstanding results. However, in those 3 years Hearts have received donations totalling £8.8m without which they would have made a loss every single year for a total of £1.7m. In addition Hearts have made a profit of £1.2m in player sales in the last 3 years. Without those & the donations their average losses for the last 3 years are almost £1m per year. I still think that Budge is the most likely candidate to be Benny. IIRC she was originally intended to hand over to F of H in 2019 & you can bet phrases such as robust financial health, would have been banded about on handover. Her ego & reputation would have been bolstered despite the underlying figures, as above, being anything but healthy. The pandemic & current financial crisis has meant Hearts have had to confront the reality of the situation & possibly explains Budge's increasingly bizarre behaviour. I think her reputation means everything to her & there's no way now, even without relegation that she can pretend to be handing over a financially sound club.
I believe Hearts will survive but relegation will stretch them to the limit & IMO, a player fire sale is pretty much guaranteed.
Hearts should be runaway favourites for the championship next season but if they decide to only make it an 18 game season then the title race becomes a bit of a sprint. There will be little room for error and a bad start may be punished more than normal. They really should be focusing on getting in a new manager and start preparing.
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Hearts? Are they still a thing?
I notice that Stendel has confirmed he is out of contract but has also suggested he has 'unfinished business' at Hearts.
Is his stock really so low now that he'd consider managing in a lower Scottish league on what would surely be a vastly reduced salary? Other clubs would still likely consider employing him if he made a big play of the fact the season was cut short, which prevented him saving the yams from the drop. He should actually be thankful that the season was ended early as his reputation really would have been shot when they ended up going down anyway after 38 games.
Or is he just keeping his options open with this sort of talk?
I asked Stuart the guy that runs it that question and to fair he answered around 15 -20 . Not many . They are pumping over 125k every month into the club which is quite amazing really.
We don't seem to have the appetite to do something similar but season Ticket sales seems to be our way of supporting financially.
So hopefully to fans continue to buy them not seen an update lately anyone know where we are numbers wise?
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There is a distinct different.
FOH was born out of absolute desperation or there would be no Heart of Midlothian football club.
Hubs luckily have never had the need for such a mechanism but I am 100% confident if hibs ever suffered such severe financial mismanagement then the fans would step up.
HSL was a chance for hibs fans to own a majority of the club but when the club is comfortable financially, then there wasn’t a massive appetite which is understandable.
Hearts fans can say hibs fans didn’t step up, but I’d rather not need to step up in the first place.