Not even from the castle?Quote:
Originally Posted by jacomo
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Not even from the castle?Quote:
Originally Posted by jacomo
Thanks Peevemor.Quote:
Originally Posted by Peevemor
If I’m reading correctly, this benefactor can put £ into Hearts and fund the lower leagues that they play in?
GGTTH
As is Budgies Hibby brotherQuote:
Originally Posted by CapitalGreen
That the guy directly behind Ann?Quote:
Originally Posted by Joe6-2
YesQuote:
Originally Posted by JimBHibees
Sits in the west upper a few rows down from me!😎Quote:
Originally Posted by Joe6-2
Who now has most of Anderson’s money in his back pocket!!Quote:
Originally Posted by Joe6-2
I still want to know what conditions were attached to Anderson's wad when it was discussed with Doncaster. Suspect it included shoe-horning Hearts back into the Prem :cb
Got to say, when Budge took over at Hearts, I thought she was a decent sort, a polished savvy business woman. Amazing what 8 weeks can do for your reputation. She's a ranting, flapping, lying snake - well suited to her leadership role in Gorgie. After all her hot air and bluster, she's left with a bunch of old rich guys having to bail her out of her mess.
I've no idea, but I don't see a problem with it.Quote:
Originally Posted by Fergos
Sponsorship or investment would be different.
I read that comment hearing the music to Thug Life in my head and picturing some guy walking away with a black bag over his shoulder with “SWAG” written on it.Quote:
Originally Posted by RyeSloan
This.Quote:
Originally Posted by HibbySpurs
She knowns she's down. Her problem is how are they were going to get out of a league that can't start because all the teams are skint.
This guy is bankrolling her only way back into the prem.
(Her next problem is the fact they are so ***** they will struggle to make top 4!)
Plus appeasing the fans when it eventually dawns on them that not only are they not getting reconstructed into the Premiership, there also won't be a court case.Quote:
Originally Posted by Greenio
He goes to ER as well?Quote:
Originally Posted by vuefrom1875
doctor jambo
Junior Member
doctor jambo
Registered Users A
6,816 posts
Location - ayr
Posted 2 hours ago
Dont see why any philanthropist would agree for any of his donated cash should be wasted when much of the damage hoving into view could be avoided by reconstruction.
Seems a massive head scratch to me!
Otherwise its "I'll donate £5million to save every club," then most of that gets hoovered up by Hearts
They don't do irony :greengrin £9million unfinished stand and relegation :greengrin not a penny wasted .
Nice to see the tache keeping an eye on those slippery *******s, ensuring no Brown envelopes change hands.Quote:
Originally Posted by Joe6-2
Cheers BQuote:
Originally Posted by brog
I recall something like a £3m payment from FOH and another £3m from "wealthy supporters". That does leave a bit of shortfall.
I doubt very much doctor jambo is a real doctor but with logic like that I am certain he's a real jambo.Quote:
Originally Posted by Sammy7nil
How does continuing donations from the same people affect financial fair play?
I think they will claim it was spent on infrastructure not on going costs.Quote:
Originally Posted by HFC 0-7
It doesn't.Quote:
Originally Posted by HFC 0-7
We don't have FFP in Scotland.
As long as the old firm are kicking around I can't ever see Scotland adopting the FFP model unfortunately.Quote:
Originally Posted by CropleyWasGod
Conversely, though, they (and all other teams who qualify for Europe) are subject to UEFA's FFP rules.Quote:
Originally Posted by Renfrew_Hibby
There was actually a total of £3.25m donated last year but £2.25m of that was specifically identified as going towards the cost of the new stand.Quote:
Originally Posted by The Falcon
Would the other £1m be the Save Hearts In Trouble money?Quote:
Originally Posted by brog
There was £1m donated in each of the last two years (2018 and 2019) specifically towards staff costs - I think it was probably funding Naismith's wages.Quote:
Originally Posted by Eyrie
Edit: just realised I misread your question. Save Hearts In Trouble are a related party and the £1m in question isn't mentioned in the Related Party note so it would seem it didn't come from them.
Thanks.Quote:
Originally Posted by Caversham Green
Interesting one to try to unpick.
Quote:
Originally Posted by CropleyWasGod
what about UEFA could they play in Europe?Quote:
Originally Posted by Renfrew_Hibby
Under UEFA's FFP, there is a limit to the losses you are allowed to make (so you can't just rack up massive debts and have a friendly 'bank' repeatedly write them off) and a limit to how much directors/boards/owners are allowed to invest (so an oil baron can't endlessly pour money in).Quote:
Originally Posted by Sammy7nil
It's not designed to level the playing field for smaller clubs, it's designed to protect the interests of the existing super-rich clubs. It should stop the mega-rich pouring billions into a previously unknown team (or at least make it slower and more difficult), but because it's meant to keep existing elite clubs sweet, the limits mentioned above are high enough that it's essentially irrelevant in Scottish football. The amounts the benefactor(s) have given to Hearts wouldn't even touch the sides. I don't know enough about The Rangers' convoluted finances to judge if they would ever run the risk of breaching FFP. Celtic, AFAIK, pretty much just spend the money they earn so they'd be entirely unaffected.
From UEFA (https://www.uefa.com/community/news/newsid=2064391.html):
As someone mentioned above, money spent on infrastructure isn't counted.Quote:
3) Are clubs no longer allowed to have losses?
To be exact, clubs can spend up to €5million more than they earn per assessment period (three years). However it can exceed this level to a certain limit, if it is entirely covered by a direct contribution/payment from the club owner(s) or a related party. This prevents the build-up of unsustainable debt.
The limits are:
• €45m for assessment periods 2013/14 and 2014/15
• €30m for assessment periods 2015/16, 2016/17 and 2017/18
In order to promote investment in stadiums, training facilities, youth development and women’s football (from 2015), all such costs are excluded from the break-even calculation.
As the longest ever relegation battle continues, hertz seem to be unable to realise that they have now been relegated and are now a second division team (Championship=old second division, which I much prefer)
Dont care what the new money man does as that will be between him and the SPL, sure they will come to some arrangement that will help the clubs that need the finance the most, that dont include the hertz as they are minted.
:thumbsup:
Congrats on getting the 13000th post😈Quote:
Originally Posted by A Hi-Bee