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11-05-2013, 10:21 AM
macca70

Wages went up by almost 1 million to 8.2 million!!

I know these are figures as at a year a ago but that is a disgrace. Wonder what they show now after there 'Cost Cutting'? I would doubt they have shaved much off that figure.

What was Hibs wages last year?
11-05-2013, 10:55 AM
Pedantic_Hibee

For the last umpteen years, all we hear from Hearts fans after seeing the latest wage bill in the accounts is "aye, but the next ones will be far better as we will have lost most of our high earners".

I first heard that line about 6 years ago. They'll never learn. Fuds.
11-05-2013, 11:38 AM
SmashinGlass

Quote:

Originally Posted by Caversham Green

Technically emphasis of matter is different from a qualification. The auditor gives an opinion on whether the accounts (including the attached notes) show a true and fair view. A qualified opinion says either they do not give a tafv or that the auditor is unsure whether they do or not. An unqualified report with emphasis of matter says the accounts do give a tafv but the reader should pay particular attention to the bit that's emphasised.

It's because of the events in Lithuania that I'm surprised at the unqualified report. The auditor would be negligent in ignoring them and Ukio's insolvency is mentioned, but I think they're significant enough to warrant more attention than they've got. I would have felt inclined to give an uncertainty qualification and I'm sure the auditor must have given that a lot of consideration.

Now I get it. It basically says that whilst it is unqualified, ie tafv, particular attention should be given to the fact they are actually a basket case :greengrin
11-05-2013, 11:47 AM
Kato

Quote:

Originally Posted by Pedantic_Hibee

For the last umpteen years, all we hear from Hearts fans after seeing the latest wage bill in the accounts is "aye, but the next ones will be far better as we will have lost most of our high earners".

I first heard that line about 6 years ago. They'll never learn. Fuds.

This is true.

They aren't really bothered about the reality of that situation and the problems it has brought to their club. All they care about is petty point scoring against who-ever it is they are discussing the situation with. I've only met two who have expressed genuine concern and have a grasp on what it actually means.
11-05-2013, 01:03 PM
jgl07

Quote:

Originally Posted by Pedantic_Hibee

For the last umpteen years, all we hear from Hearts fans after seeing the latest wage bill in the accounts is "aye, but the next ones will be far better as we will have lost most of our high earners".

I first heard that line about 6 years ago. They'll never learn. Fuds.

It has been going on for a lot longer than that. It was touted when Potter took over as manager that they would be cutting the wage bill. They then went about signing players from the English Premier League.
11-05-2013, 01:30 PM
Treadstone

Quote:

Originally Posted by jgl07

It has been going on for a lot longer than that. It was touted when Potter took over as manager that they would be cutting the wage bill. They then went about signing players from the English Premier League.

Hertz have been living with sizeable debt for a generation. I am sure when Wallet Mercenary sold up it was £4m+ not an inconsiderable amount in 1994 (I think).

Their debt has been managed rather than addressed and on the basis of dealing with it 'tomorrow'. Well tomorrows nearly here (!).
11-05-2013, 02:32 PM
rcarter1

Speaking of Mercer (spit.) How many of us would want good old sir Tom to make a bid for Hearts (should it amount to a firesale), with the view to eradicating their existence? My view is that two wrongs dont make a right.

Id prefer third division humble pie and a slow, oft-degrading climb back to the SPL.

Welcomed back by a fully reinvigorated HFC....
11-05-2013, 02:54 PM
Ozyhibby

Quote:

Originally Posted by rcarter1

Speaking of Mercer (spit.) How many of us would want good old sir Tom to make a bid for Hearts (should it amount to a firesale), with the view to eradicating their existence? My view is that two wrongs dont make a right.

Id prefer third division humble pie and a slow, oft-degrading climb back to the SPL.

Welcomed back by a fully reinvigorated HFC....

Two wrong do not make a right. In fact we should help them out.
Maybe help them pay some of their debt off by purchasing some real estate from them.
11-05-2013, 04:11 PM
The Green Goblin

Quote:

Originally Posted by Ozyhibby

Two wrong do not make a right. In fact we should help them out.
Maybe help them pay some of their debt off by purchasing some real estate from them.

Then contribute to the community in the area by selling it off to a large supermarket chain.
11-05-2013, 05:08 PM
Treadstone

Quote:

Originally Posted by The Green Goblin

Then contribute to the community in the area by selling it off to a large supermarket chain.

Staying roond the corner, I would fancy a wee square with a fountain and a nice bit o' cafe culture.
11-05-2013, 05:15 PM
Seveno

Quote:

Originally Posted by Treadstone

Staying roond the corner, I would fancy a wee square with a fountain and a nice bit o' cafe culture.

Don't forget the public toilet. :wink:
11-05-2013, 05:47 PM
Treadstone

Quote:

Originally Posted by Seveno

Don't forget the public toilet. :wink:

Cooncil are shutting public WCs. Austerity!
11-05-2013, 06:19 PM
bighairyfaeleith

Quote:

Originally Posted by Treadstone

Cooncil are shutting public WCs. Austerity!

No its because of the amount of jambos getting arrested in them

Sent from my LT30p using Tapatalk 2
11-05-2013, 06:31 PM
Gus Fring

Quote:

Originally Posted by Seveno

Don't forget the public toilet. :wink:

What's Gary Locke got to do with it?
11-05-2013, 06:32 PM
bighairyfaeleith

Quote:

Originally Posted by Bajillions

What's Gary Locke got to do with it?

Allegedly :)

Sent from my LT30p using Tapatalk 2
11-05-2013, 07:15 PM
proud_and_green

Quote:

Originally Posted by Treadstone

Cooncil are shutting public WCs. Austerity!

Really? How come Tynecastle is still open for business then....!
11-05-2013, 07:16 PM
Seveno

The point I was trying to make was that we could then go to Tynecastle and s**t on it.
11-05-2013, 07:21 PM
proud_and_green

Quote:

Originally Posted by Seveno

The point I was trying to make was that we could then go to Tynecastle and s**t on it.

Yes, got that - just developing it slightly!

For what its worth - I would see the public bog post yamogeddon being the central feature and attraction!
11-05-2013, 07:41 PM
The Green Goblin

Heart of Midlothian (1874-2013)

Shart of Midlothian (2013-?)
11-05-2013, 08:33 PM
Deansy

Quote:

Originally Posted by Treadstone

Hertz have been living with sizeable debt for a generation. I am sure when Wallet Mercenary sold up it was £4m+ not an inconsiderable amount in 1994 (I think).

Their debt has been managed rather than addressed and on the basis of dealing with it 'tomorrow'. Well tomorrows nearly here (!).

Ever since the 'Fat Tory-Boy' Mercer took them over, season-in/season out, they have spent more than they earned. He then got shot o' them to the 'Pie-Man' - Chris Robinson (can't remember how much for) but under him, their debt had increased to, iirc, £20m and 'Auditors PricewaterhouseCoopers (PwC) described the club as being technically insolvent'. Romanov's time there has, realistically, resulted in them being over £40m in debt (if you take into account the 'debt for equity' scams Vlad carried out)

So basically, since 1981, they have been 'robbing Peter to pay Paul' and increasing their debt EVERY SEASON - all to do with their 'obsession to be a 'Big Team' and 'No.1 in Edinburgh' !!. That's just over 30 years, 3 decades, of them getting away with it - and that's the reason why I DON'T want them to vanish. I want Hibs to now set about restoring the balance, getting that derby-record to show in OUR favour, whilst at the same time, getting it right up them and reminding them exactly who the 'FOOTBALL TEAM' is in Edinburgh !!
11-05-2013, 11:00 PM
Geo_1875

Quote:

Originally Posted by Deansy

Ever since the 'Fat Tory-Boy' Mercer took them over, season-in/season out, they have spent more than they earned. He then got shot o' them to the 'Pie-Man' - Chris Robinson (can't remember how much for) but under him, their debt had increased to, iirc, £20m and 'Auditors PricewaterhouseCoopers (PwC) described the club as being technically insolvent'. Romanov's time there has, realistically, resulted in them being over £40m in debt (if you take into account the 'debt for equity' scams Vlad carried out)

So basically, since 1981, they have been 'robbing Peter to pay Paul' and increasing their debt EVERY SEASON - all to do with their 'obsession to be a 'Big Team' and 'No.1 in Edinburgh' !!. That's just over 30 years, 3 decades, of them getting away with it - and that's the reason why I DON'T want them to vanish. I want Hibs to now set about restoring the balance, getting that derby-record to show in OUR favour, whilst at the same time, getting it right up them and reminding them exactly who the 'FOOTBALL TEAM' is in Edinburgh !!

They're just following the Man Utd business model on a smaller scale.
12-05-2013, 12:04 AM
Springbank

Quote:

Originally Posted by Geo_1875

They're just following the Man Utd business model on a smaller scale.

Remind me of the occasions when man u failed to pay players or had winding up orders and cake bakes, again???

Quote:

Originally Posted by Deansy

Ever since the 'Fat Tory-Boy' Mercer took them over, season-in/season out, they have spent more than they earned. He then got shot o' them to the 'Pie-Man' - Chris Robinson (can't remember how much for) but under him, their debt had increased to, iirc, £20m and 'Auditors PricewaterhouseCoopers (PwC) described the club as being technically insolvent'. Romanov's time there has, realistically, resulted in them being over £40m in debt (if you take into account the 'debt for equity' scams Vlad carried out)

So basically, since 1981, they have been 'robbing Peter to pay Paul' and increasing their debt EVERY SEASON - all to do with their 'obsession to be a 'Big Team' and 'No.1 in Edinburgh' !!. That's just over 30 years, 3 decades, of them getting away with it - and that's the reason why I DON'T want them to vanish. I want Hibs to now set about restoring the balance, getting that derby-record to show in OUR favour, whilst at the same time, getting it right up them and reminding them exactly who the 'FOOTBALL TEAM' is in Edinburgh !!

Spot on
12-05-2013, 06:41 AM
Geo_1875

Quote:

Originally Posted by Springbank

Remind me of the occasions when man u failed to pay players or had winding up orders and cake bakes, again???

They haven't but only because Man Utd have a better line of credit.
12-05-2013, 06:47 AM
Sanger

Quote:

Originally Posted by Geo_1875

They haven't but only because Man Utd have a better line of credit.

Think it is more to do with Manu's revenue flows. They have been operating at at profit and paying down debt not increasing it every year like HMFC.
12-05-2013, 07:08 AM
Geo_1875

Quote:

Originally Posted by desantos0773

Think it is more to do with Manu's revenue flows. They have been operating at at profit and paying down debt not increasing it every year like HMFC.

I'm pretty sure Man Utd didn't have £800m of debt when Fergie took charge.
12-05-2013, 07:16 AM
Sanger

Quote:

Originally Posted by Geo_1875

I'm pretty sure Man Utd didn't have £800m of debt when Fergie took charge.

£800 million in 2010 mainly due to leveraged buyout. £360 million now with three years of increasing profits. Same as HMFC? They'll be debt free in 5 years where as there be no HMFC in months!
12-05-2013, 07:20 AM
rcarter1

Quote:

Originally Posted by Deansy

Ever since the 'Fat Tory-Boy' Mercer took them over, season-in/season out, they have spent more than they earned. He then got shot o' them to the 'Pie-Man' - Chris Robinson (can't remember how much for) but under him, their debt had increased to, iirc, £20m and 'Auditors PricewaterhouseCoopers (PwC) described the club as being technically insolvent'. Romanov's time there has, realistically, resulted in them being over £40m in debt (if you take into account the 'debt for equity' scams Vlad carried out)

So basically, since 1981, they have been 'robbing Peter to pay Paul' and increasing their debt EVERY SEASON - all to do with their 'obsession to be a 'Big Team' and 'No.1 in Edinburgh' !!. That's just over 30 years, 3 decades, of them getting away with it - and that's the reason why I DON'T want them to vanish. I want Hibs to now set about restoring the balance, getting that derby-record to show in OUR favour, whilst at the same time, getting it right up them and reminding them exactly who the 'FOOTBALL TEAM' is in Edinburgh !!

Would that it were so.. Id very much enjoy a few years of giving them some sound and proper thrashings. Imagine they were to go to the third division and we were to draw them at Easter Road in a Cup Tie. The fun we can have with them still here, far outweighs the momentary celebrations of their existence being wiped out.
12-05-2013, 08:36 AM
Ray_

Nicked from the dark side.

http://www.scribd.com/doc/140824200/...counts-2011-12

Sorry if this has already been posted this way up.
12-05-2013, 09:42 AM
Winston Ingram

Quote:

Originally Posted by Geo_1875

They're just following the Man Utd business model on a smaller scale.

It's nothing like it
12-05-2013, 09:47 AM
Eyrie

Quote:

Originally Posted by Geo_1875

They're just following the Man Utd business model on a smaller scale.

Man Utd spend plenty of money, but earn it through their commercial operations. It's Man City that spend money they don't have thanks to a foreign owner.

And I don't follow either of them before anyone asks.

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