The generic Hearts thread

The 50% pay cut will be used to fund the legal challenge. Lots of money thrown at rich lawyers, taking Stendel's, Naisy's Boycie's 50% to piddle against the wall at the Court of Session, with the result that Hearts are still relegated. Everyone is quids in (especially the lawyers), everyone is happy, it wisnae our fault we wiz relegated, we were at the foot of the league when the season finished, but we weren't the worst team in the league.

Heats kick off next season away at Arbroath. Oh, and the main stand still isn't finished or safe for journalists. Or the board.

Its what big teams do....

The problem about giving players the option of terminating their contracts is that there's nowhere else for them to go at present.

From what's been said they're implying that they can keep paying half-wages until playing and income resume. People may feel that's better than administration and compulsory redundancies.

I don't expect them to be the only ones doing this or something similar.

Much as I find it highly amusing that they never learn and a disaster of a club I do feel sympathy for all their decent fans although saying that we will suffer as bad as them is not very helpful. We made a £2m profit last season so I don't think we are in a bad position financially.
Also they will be the first of many to take drastic measures. It's inevitable although how they have lost £1m so quickly is staggering.

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Originally Posted by Billy Whizz

No player is going anywhere just now, would be crazy

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:agree:



They're fooling no one.

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Originally Posted by murray26

Points deduction..?

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They SHOULD face one

Once again they haven’t put the correct provisions in place, cutting financial corners while others go about business correctly

While much smaller clubs like Hamilton, St Mirren and Livingston (to name a few) have paid more insurance to cover themselves and protect their employees, Hearts will have enjoyed yet more unfair financial advantages

What players have they bought and paid giving them an advantage (ok from position 12) over other teams?

But they’ll get away with it again

File it under “special circumstances”

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Originally Posted by Hiberniankb

So what happens if the players refuse a pay cut?

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PFA Scotland step in and remind HMFC of their obligations.

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Originally Posted by Hiberniankb

So what happens if the players refuse a pay cut?

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Admin. Again. They mentioned redundancies in the statement so it could be a way of putting pressure on the playing staff to stop non playing staff being punted.

Craig Levein obviously hasn’t been asked as he’s doing such a terrific job.

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Originally Posted by Billy Whizz

Can you make a player redundant, without going into admin?

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Very good point. Is Queen Anne relying on peer pressure for them to accept it. I bet Liam Boyce is glad he went to the jambos. NOT.

This looks like the slow walk to admin especially if this shut down goes on for months. How do all the lower paid staff pay their bills as they won't get handouts for the govt. A ****** omnishambles.

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Originally Posted by mjhibby

This looks like the slow walk to admin especially if this shut down goes on for months. How do all the lower paid staff pay their bills as they won't get handouts for the govt. A ****** omnishambles.

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Budge will be trying to avoid admin, as she’d probably lose her loan, she put in

I’ve just read that players can leave hearts if they wish. Could we not make an offer To sign hickey and give him a better offer?

The only player in that squad that might be worth something eventually.

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Originally Posted by G B Young

The impression you get from that is that she already knows they're getting relegated and is cutting their cloth for the Championship.

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Never thought of that. No wonder they are panicking. Never thought it was a bad as it is. I'd be very worried if i was a Hertz fan. But as has been said there are far bigger worries for most folk as to whether they get relegated especially people's mental health.

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Originally Posted by SMAXXA

Assume that’s the benefactor closed the wallet and said no more cash

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The stock market crash put paid to that money

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To think two months ago we had posters here telling us that they had pulled it out the bag by signing Boyce and his wages would all be worth it as they could fly towards contention for Europe by the end of the season :faf::faf:

Those who feel "unable or unwilling" to accept the cut, will be offered the chance to leave the club.

I think Madame Budgerigar should anticipate that her employees will be following her example by seeking legal advice.

All Budge has to do is accept the inevitable relegation and get the prize money for finishing last and their finances will be sorted 😂

Ps where is she getting the money to fight the relegation if they are that skint?

Wonder when we will hear something from PFA Scotland

Budge should have left 2 years ago. If they were to go into admin, this is no Romanov admin, where he used his country’s bank to fund Hearts
Budge bought the club for around £2m or so, but the Hearts fans have put in £8m plus with FOH. If I was a Hearts fan, I’d be asking her about her management of the club. I’m no legal expert, but wonder how this will pan out?

She’s in a dreadful position due to her ego, in not stepping down

Budge paid £2.5m for 100% of Hearts.
So far FOH have paid £8.2m for 20% of Hearts.
And they are skint again, threatening not to pay players and about to be relegated.
In tough times like this, it’s good to have something to have a good giggle at.


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I assume that Hearts still dont have access to external credit (apart from benefactors etc) which for other clubs apart from Rangers might allow them to avoid such action. For a while.....

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Originally Posted by Billy Whizz

Budge should have left 2 years ago. If they were to go into admin, this is no Romanov admin, where he used his country’s bank to fund Hearts
Budge bought the club for around £2m or so, but the Hearts fans have put in £8m plus with FOH. If I was a Hearts fan, I’d be asking her about her management of the club. I’m no legal expert, but wonder how this will pan out?

She’s in a dreadful position due to her ego, in not stepping down

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Also gotta question who and how much money was made from that main stand.

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Originally Posted by Ozyhibby

Budge paid £2.5m for 100% of Hearts.
So far FOH have paid £8.2m for 20% of Hearts.
And they are skint again, threatening not to pay players and about to be relegated.
In tough times like this, it’s good to have something to have a good giggle at.


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With numbers like that you'd think they'd all be up to their knees in share certificates.

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Hearts and every other club in Britain can borrow from the govt interest free for the next 6 months. The bailout is that useless though that very few firms will take it though because it needs paid back.


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Originally Posted by Ozyhibby

Hearts can’t force redundancy on players. All football debt must be paid. The players just need to sit tight in full pay. If something better comes along elsewhere they will move but until then they would be mad to take a cut.


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Originally Posted by Billy Whizz

Can you make a player redundant, without going into admin?

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I don't know I was just referring to their statement;

“In order to try to prevent a staff redundancy programme and to protect as many jobs as possible, I am proposing to implement a club-wide salary reduction programme."

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Originally Posted by Ozyhibby

Budge paid £2.5m for 100% of Hearts.
So far FOH have paid £8.2m for 20% of Hearts.
And they are skint again, threatening not to pay players and about to be relegated.
In tough times like this, it’s good to have something to have a good giggle at.


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That's going to get the players busting their baĺls for them when they start playing again....😂

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Originally Posted by Sir David Gray

I don't know I was just referring to their statement;

“In order to try to prevent a staff redundancy programme and to protect as many jobs as possible, I am proposing to implement a club-wide salary reduction programme."

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Yes, she’s hoping the players voluntarily take a pay cut or else she will make other staff redundant. It’s emotional blackmail.


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Only the other day they were been giving a fitness plan for when they were at home and being told to come into the gym 2 days a week in small numbers so they can hit the ground running when the season starts back

A couple off days later and they don't expect the season to start back until July /Aug and they are slashing wages, making people go on unpaid leave and threatening redundancies.

Kickback is sweating 😓 but budge is still a hero 😂 great reading material for the next few days

Admin 2 is coming to a screen near u courtesy of the documentary

Agent Budge, up there with Albert Kidd GGTTH

I don’t think they will be to only club asking staff to do this in the near future and I don’t see a lot wrong apart for the last bit about termination think that a terrible think to say.
Am sure a lot of businesses may need to go down similar path to survive imo


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Surely Budge should be self isolating?

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Originally Posted by cammy1969

I don’t think they will be to only club asking staff to do this in the near future and I don’t see a lot wrong apart for the last bit about termination think that a terrible think to say.
Am sure a lot of businesses may need to go down similar path to survive imo


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Its more surprising they're the first. There's other clubs that I would have expected to announce steps like this first

I wonder what their club captain, SN, thinks about taking a 50% wage cut. Doesn’t he have form for shooting the crow when things got tough at Rangers?

Wonder if Hearts will name and shame any player who doesn’t take the cut? Surely the PFA would have something to say about tactics like that?


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It will be absolutely glorious if the documentary covers the club going into admin.

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Originally Posted by Waxy

Surely Budge should be self isolating?

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She's making a start by putting up a decent barrier between her and all the employees at Tiny.

She'll be safe around Desperate Dan as he's always comfortably at the alcohol content level of all good handwashes.

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Originally Posted by Jim44

I wonder what their club captain, SN, thinks about taking a 50% wage cut. Doesn’t he have form for shooting the crow when things got tough at Rangers?

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But this time he won’t get a bigger contract elsewhere this time

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Originally Posted by Clarence

Those who feel "unable or unwilling" to accept the cut, will be offered the chance to leave the club.

I think Madame Budgerigar should anticipate that her employees will be following her example by seeking legal advice.

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:agree:

I’m no employment lawyer, but I’ve spoken to a few. I’m pretty sure you can’t just terminate someone’s contract if they refuse a 50% wage cut.

That threat will probably persuade some employees to refuse to agree, self-isolate and take their chances. I think I would.

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Originally Posted by Fuzzywuzzy

Its more surprising they're the first. There's other clubs that I would have expected to announce steps like this first

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The only two clubs where I can think of that spending is so out of control are Dundee United and Der Hun. Hearts have been mismanaged for probably 30 years or so and have continually spent money they didn't have hoping that the next mug would come along. Mercer, pie man, SMG, Romanov, dodgy banks, dodgy shares, Budgie, Benny Factor, FOH. It's amazing how many mugs/chancers they can attract. Oh and also how many utterly gullible fuds they attract as fans. Let's hope they do go tits up. Great for Hibs and we might get the odd cup derby when the top teams join in with the lower leagues. That is if they haven't already been pumped out by Stranraer or East Fife. GIRFUY tarts

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Originally Posted by Ozyhibby

Wonder if Hearts will name and shame any player who doesn’t take the cut? Surely the PFA would have something to say about tactics like that?


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As much as I can understand the 1st part of their statement the end part regarding contract termination is a PR nightmare, while most businesses are looking at ways to safeguard employment their holding a load gun to staffs heads. But hay nothing surprises me with them.


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Originally Posted by Waxy

Surely Budge should be self isolating?

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It's Coronavirus no Avian Bird flu ya daft git......

Budge would do better spending her cash on her bingo wings under her chin.

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Originally Posted by Billy Whizz

But this time he won’t get a bigger contract elsewhere this time

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Yip, he made sure to get every penny of that Norwich contract.


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Surely its as simple as a contract is a contract?
If you dont want to cut your wages in half, you dont have to?

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Originally Posted by weecounty hibby

The only two clubs where I can think of that spending is so out of control are Dundee United and Der Hun. Hearts have been mismanaged for probably 30 years or so and have continually spent money they didn't have hoping that the next mug would come along. Mercer, pie man, SMG, Romanov, dodgy banks, dodgy shares, Budgie, Benny Factor, FOH. It's amazing how many mugs/chancers they can attract. Oh and also how many utterly gullible fuds they attract as fans. Let's hope they do go tits up. Great for Hibs and we might get the odd cup derby when the top teams join in with the lower leagues. That is if they haven't already been pumped out by Stranraer or East Fife. GIRFUY tarts

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Hats off sir. Beautiful post [emoji122][emoji16]

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What’s that noise I hear?

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Originally Posted by HoboHarry

It's Coronavirus no Avian Bird flu ya daft git......

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My bad.

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Originally Posted by jacomo

:agree:

I’m no employment lawyer, but I’ve spoken to a few. I’m pretty sure you can’t just terminate someone’s contract if they refuse a 50% wage cut.

That threat will probably persuade some employees to refuse to agree, self-isolate and take their chances. I think I would.

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That’s what I thought. This offer makes clear the positions are not being made redundant so hard to pay anyone off if the post still exists.


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Originally Posted by Waxy

Surely its as simple as a contract is a contract?
If you dont want to cut your wages in half, you dont have to?

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Players are rock solid protected. They can just say no.
Other staff is less clear.


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Originally Posted by CloudSquall

It will be absolutely glorious if the documentary covers the club going into admin.

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If we were asked at the start of the season what we wanted from this documentary, we might have said “Levein to come across as a dick and Hearts to finish behind Hibs” or some other fairly mild trauma for them.

Relegation and administration would have been beyond our wildest dreams.

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Originally Posted by Aldo

It will involve most clubs taking some sort of hit but you would think that they would have a contingency just in case of emergency.

Budge and co have not lived within their means yet again with benefactors pumping money in left right and centre.?

It’s unfortunate but this world wide crisis is showing them up yet again and living well outwith their means.

To use the coronavirus as an excuse for their complete mismanagement is poor imho.


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Agree utterly shameful. They have spent way outwith their means again overspent on a joke of a stand and a squad of overpaid junk to be bottom of the league and despite huge investment from generous fans and benefactors are still claiming poverty and looking for sympathy. Shocking mismanagement but no doubt Tom English will still think Budge should be running Scottish football. Deserve to be relegated. Joke of a club.

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Originally Posted by JimBHibees

Agree utterly shameful. They have spent way outwith their means again overspent on a joke of a stand and a squad of overpaid junk to be bottom of the league and despite huge investment from generous fans and benefactors are still claiming poverty and looking for sympathy. Shocking mismanagement but no doubt Tom English will still think Budge should be running Scottish football. Deserve to be relegated. Joke of a club.

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A few months ago Budge was bragging about other clubs (including us) going to her for advice.

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Originally Posted by Smartie

If we were asked at the start of the season what we wanted from this documentary, we might have said “Levein to come across as a dick and Hearts to finish behind Hibs” or some other fairly mild trauma for them.

Relegation and administration would have been beyond our wildest dreams.

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...and handing Hibs a bye into The Scottish Cup Final

In all seriousness this is astounding.
Day 5 and they have soiled themselves.

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Originally Posted by Peevemor

A few months ago Budge was bragging about other clubs (including us) going to her for advice.

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That’s because she is a fool.

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Originally Posted by CMurdoch

In all seriousness this is astounding.
Day 5 and they have soiled themselves.

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Just as well there's plenty toilet roll available... oh wait

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Originally Posted by Peevemor

A few months ago Budge was bragging about other clubs (including us) going to her for advice.

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To be fair she was telling everyone what not to do.

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Originally Posted by Bostonhibby

To be fair she was telling everyone what not to do.

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It's a pity she didn't not do it herself

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Originally Posted by Craig_in_Prague

Just as well there's plenty toilet roll available... oh wait

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I did wonder why everyone wanted to buy hunners o toilet rolls right enough.
I'm sure FOH will supply them to Mrs B


Meanwhile Christian Berra is laughing his cock off after Daniel asks him if he will take half pay for the good of the club

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Originally Posted by Peevemor

It's a pity she didn't not do it herself

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Too cocky by half, she wouldn't even take advice from Benny Factor.

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The priorities of most of us: 1) The health of ourselves and our families; 2) The health of the rest of the community; 3) People's livelihoods and economic wellbeing; 4) Maintaining social cohesion; 5) Avoiding social isolation for the elderly and vulnerable.

The priorities of HOMFC: 1) Hearts avoiding relegation; 2) Cutting their employees' wages or terminating their contracts.

ah wonderful . Im feeling quite nostalgic. I can't help but feel the glory days are back for hibs.net.

schadenfreude..pleasure derived by someone from another person's misfortune

girut!

We should be trying to get Haring.

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Originally Posted by 500miles

We should be trying to get Haring.

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If only he had played football this season, is he even close to any kind of fitness?

Maybe Budge should join the Martin Lewis Coronavirus special tomorrow on ITV on how to save money 🤣

If they go into administration do they get a points deduction?

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Originally Posted by 04Sauzee

If only he had played football this season, is he even close to any kind of fitness?

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Back in training.

This is tremendous news. They’ve been giving it the best run club in the country nonsense since stiffing their previous creditors.

Not surprised they are first out the gate with this. They won’t be the last but going so early confirms how much trouble they are in.

With the various streams of cash they’ve had in then it is staggering they’ve come to this. That stand is their main issue of course.

Budge is your prime example of someone who’s been fortunate to do well with one particular business thinking they are actually any good at it.

Ah well, get it up them. Next few weeks could actually be fun after all.

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Originally Posted by Fuzzywuzzy

Its more surprising they're the first. There's other clubs that I would have expected to announce steps like this first

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Barnet FC did yesterday

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Originally Posted by Craig_in_Prague

Maybe Budge should join the Martin Lewis Coronavirus special tomorrow on ITV on how to save money [emoji1787]

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She would do but she's doing a special for Megastructures on National Geographic Channel.

Right after Constructing Box Girder Bridges and How to irrigate the Sahara - How to nearly build a single tier stand in double the time for treble the price.

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Biscuits Preston on Day 2 of Self Isolation at home

https://www.facebook.com/TheSeshPage...6833931598396/

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Originally Posted by cocteautwin

Yes indeed. Our balance at end of June 2019 included the season ticket money to be spread out over the year so current cash balances will be low but at least we have a wealthy owner to help see us through until new season ticket money becomes available. We are not going to be immune from financial difficulties.

HMFC on the other hand had irresponsibly already spent in advance most of their season ticket money and most likely needed an injection of around £4m from the benefactor before the season even started.

They are stuffed.

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And they were still blowing cash in January for the likes of Boyce. Hell mend them. Unbelievable how much cash has been pished away at that place. Huge sums. And all for this.

Is there any chance of Craig Levein riding in on his white charger and saving them again? They've been keeping him in reserve for something surely?

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And to think this was only 3 short months ago

https://www.thescottishsun.co.uk/spo...al-bill-22-5m/

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Originally Posted by Blurry Face

We maybe could if everyone renewed their season ticket even though we don’t know when we’ll start playing again.

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Think people would happily renew to look after the club. A hell of a lot of people are facing financial uncertainty though. Everyone renewing over the next few months simply isn’t going to happen.

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Originally Posted by Peevemor

A few months ago Budge was bragging about other clubs (including us) going to her for advice.

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And openly bragging about it on her website plus a pathetic dig at Jack Ross when Jakey Stendel was announced. Hearts class.

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Originally Posted by Bostonhibby

Is there any chance of Craig Levein riding in on his white charger and saving them again? They've been keeping him in reserve for something surely?

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I believe he's being kept in Budgies spare room, with a leather face mask on during lockdown.
As a pass time, he's counting his medals and then backwards.

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Originally Posted by Craig_in_Prague

I believe he's being kept in Budgies spare room, with a leather face mask on during lockdown.
As a pass time, he's counting his medals and then backwards.

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I think they can’t afford to pay him off

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Originally Posted by jacomo

What’s that noise I hear?

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It’s the gentle soothing sound of the pigeons wings, fluttering in on their journey home getting ready to roost.

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Originally Posted by Billy Whizz

I think they can’t afford to pay him off

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[emoji23] oh the irony, please be true [emoji120]

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Originally Posted by Bostonhibby

Is there any chance of Craig Levein riding in on his white charger and saving them again? They've been keeping him in reserve for something surely?

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Did a big win come in like? I wonder what he’s betting on now.

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Originally Posted by tamig

Unbelievable how much cash has been pished away at that place. Huge sums.

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By my reckoning it’ll be somewhere in the region of £28m of external funds, over and above their normal income, by the time 30 June comes around.

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Originally Posted by cocteautwin

By my reckoning it’ll be somewhere in the region of £28m of external funds, over and above their normal income, by the time 30 June comes around.

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Sums like that should have had them challenging for all domestic honours. Gross mismanagement. I can’t believe a swathe of their support still give her their backing.

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Originally Posted by tamig

Sums like that should have had them challenging for all domestic honours. Gross mismanagement. I can’t believe a swathe of their support still give her their backing.

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Backing...soon it'll be their baking 🥮

#donatealoorolltoayamcostheyaregoingtoneedit


Get it up ye, ya maroon balloons!

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Originally Posted by jacomo

What’s that noise I hear?

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If its silence, its the solo Plaza clapper. The number of hands has been reduced by 50%...

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Originally Posted by CMurdoch

Meanwhile Christian Berra is laughing his cock off after Daniel asks him if he will take half pay for the good of the club

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Aw man, imagine if the documentary team are there to film the moment Berra gets asked to take half pay!

[emoji1787]

The sensible way to handle this is surely asking players to accept a deferment of part of their salaries rather than a pay cut.

Unless of course, Hearts are using this as an opportunity to address underlying financial problems.

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Originally Posted by Eyrie

The sensible way to handle this is surely asking players to accept a deferment of part of their salaries rather than a pay cut.

Unless of course, Hearts are using this as an opportunity to address underlying financial problems.

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Yep. First chance and straight in there trying to cut the wage bill.

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Originally Posted by Eyrie

The sensible way to handle this is surely asking players to accept a deferment of part of their salaries rather than a pay cut.

Unless of course, Hearts are using this as an opportunity to address underlying financial problems.

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Indeed, but remember we are dealing with the people who overseen the megastand building project and the mugs who directly and indirectly fund this and anything else their owner decides to do next.

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Originally Posted by Andy74

This is tremendous news. They’ve been giving it the best run club in the country nonsense since stiffing their previous creditors.

Not surprised they are first out the gate with this. They won’t be the last but going so early confirms how much trouble they are in.

With the various streams of cash they’ve had in then it is staggering they’ve come to this. That stand is their main issue of course.

Budge is your prime example of someone who’s been fortunate to do well with one particular business thinking they are actually any good at it.

Ah well, get it up them. Next few weeks could actually be fun after all.

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The unashamed glee in your post cheered me up!

:thumbsup:

Don't know why they don't just release the documentary on DVD now.

They'd be raking it in.

Rational head on, all the players will likely accept it, to not do so and jeopardise the club would be dire for them unless they're looking for a route out of the club.

I'd like to know how we're going to get through before laughing at them.
It's a real shame for the normal staff at Hearts but how can parasites like Levein and McPhee take money off them for abject failure - absolutely shameless.

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Originally Posted by matty_f

Rational head on, all the players will likely accept it, to not do so and jeopardise the club would be dire for them unless they're looking for a route out of the club.

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Didn't a number of Hun players clear off when the new entity was formed? I'm sure Naismith was one of them.

Thing is If they are asking players to take 50% wage cut and the refuse then they are free to leave as contracts will be terminated.

When we play them in the cup it is still this season’s competition so anyone not signed by them by the date the competition was to be played can’t therefore play?

Am I correct in saying this that only current players can play and not anyone new after the summer.

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Originally Posted by givescotlandfreedom

I'd like to know how we're going to get through before laughing at them.
It's a real shame for the normal staff at Hearts but how can parasites like Levein and McPhee take money off them for abject failure - absolutely shameless.

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This is worth considering as well. Hibs also are in a position where we don't have income that we planned on.

We *should* be able to borrow from Ron Gordon as a last resort, however with the hammering that the stock exchanges have taken, it's very likely that he's not worth as much as he was when he bought us, do that route might not be as readily available.

Hopefully, we're in a good enough position to ride it out, might mean that we have a very lean transfer window but if we can get through that and come out the other side, we'll be well placed to kick on.

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Originally Posted by matty_f

Rational head on, all the players will likely accept it, to not do so and jeopardise the club would be dire for them unless they're looking for a route out of the club.

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Otherwise admin and no wages. Big Eck not around to save them as has other matters on his hands.

Wouldn’t the current cash balance in the bank for Hibs be sufficient to at least see us through the next few months