:greengrin
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From the BBC...
Hearts: Edinburgh club put squad up for sale amid financial crisis
Hearts will listen to offers for their entire first-team squad in an effort to keep the Scottish Premier League club afloat.
The Edinburgh club said it was making the move on account of other revenue "drying up".
Hearts face uncertainty with a debt of £25m - £10m of which is due to their parent company, UBIG, which is claiming insolvency.
And the club owes £15m to Ukio Bankas, which has been declared bankrupt.
In a statement, the club said: "It is now crucial to the football club that we find a solution to bring in enough finance to allow us to trade into the new season when normal trading can resume with the benefit of SPL and game-related income streams.
"The payments to HMRC and players/staff salaries are the most important issues in our focus these days where very limited time remains available to the club.
"However, given that the revenues for season tickets has dried up and no other realistic income is available quickly enough, the club will consider offers for the players of the current squad, including the most promising talent in order for the most necessary and important payments to be made."
More to follow...
Beautiful
B-b-but they're signing Goodwillie and Boyd?!?!
but 5-1 1902 eh?
Hibs should make a meagre and insulting bid for their best young player (whoever that is?) today.
Didn't I read somewhere that Wilson's signing was being investigated by the SFA and that it hadn't been accepted/ratified Yet?
Humiliating.
I'll start the bidding at 50p for the lot
I see the Romanov parody is claiming a fighting fund and they are actually donating. To a man, behind a parody, who they've never even seen before.
I hope he does a runner, is this the third fighting fund now?
It's what all big clubs do don't you know !, mind a thon big team stuff they used to spout well now it's coming back to bite them in the arse with a vengeance. Surely the SPL must step in here if they are admitting they cannot trade without selling their entire playing staff ?.
Okay then Sandy,
Hibs have a player budget, which is a percentage of our turnover, which last time I looked was about 60%, the last time I saw the same info on your team it was 110%, I truthfully thought it was probably way more than this. Loanees are part of that budget, a budget we have stuck to. Also, each and EVERY month we paid our players their agree contract amounts, and each and every due date we paid our taxes to HMRC. Loanees, do you really want to talk about that?!? I believe that the current "situation and 1.5mil tax bill" comes from a large amount of loanees from your motherland that never paid taxes, our loanees were budgeted and paid for. Your loanees will be one of the leading causes of the mess your clud is in right now. So that was probably a bad example to bring up, no?
Hibs debt, we have a debt, and yes it has increased over the last couple of years, this is a managed debt, and I can assure you this year it will be reduced due to the cup runs and increased ticket sales, in what was, quite a disappointing season for us. (your teams ticket sales fell last year, even though your director begged money from the support). Hibs are in good shape, no matter how you look at it and no matter what spin you put on it, Hibs are well run, with transparent accounts, and published accounts on time. Each year there is a multi page thread on here about our accounts, there is never a delay in them being published and there is no ambiguity about those accounts. Our auditors sign them off with little to no worries or concessions. Can your team say the same? Nah, didnae think so.
You mention "vast majority of SPL clubs, are just one click away from being in a financial predicament", this is total BS, most SPL clubs work within their prescribed budget and each year they adjust these to the current situation, this is why most teams player budget has reduced over the last few years. The two clubs that seemed to ignore these basic common sense rules of business were the huns, see what happened there, and your team, have a look at your teams website today, it is not good reading!
Your squad is as good as Hibs current squad, okay lets look at that point, we effectively have lost Leigh, he was a great player, who we paid for btw (loanees do have to be paid for in most cases), even without him in the squad, we have far superior players in almost all positions on the park, we finished 7th in the league and that takes into account our usual slump. This was quite a way above your team. No? Your team is now made up of a few senior players and a lot of youth players, touted as the best youth squad produced by any SPL team in years? The same squad that finished in the bottom half of the U20s league (the competition Hibs won in recent years). We will need to wait and see in the coming season who has the best squad, but I would put money on it that Hibs will finish well above your team this coming year.
You also say Vlad was idiotic in his running of HoMFC, I think we all may find out in the coming months that he was criminal in his running of your club, which might actually be the death knell of your club, we will have to wait and see.
Moral high ground? Your damn right Hibs can take the moral high ground, we have not cheated, we did not pay players salaries outwith our income, while your team paid players £10K plus a week, we did not out bid other SPL team to get player we essentially could not afford, and then not pay those same players. So yes we will take the moral high ground, because quite frankly we deserve to, unlike hearts.
So any more points you wish to make? Please feel free, this is an open forum and we will debate these points, and you can keep your head in the sand while the team your support crumbles around you.
GGTTH
Vince xx
We need forwards so we should definitely bid for their star man, John Sutton. He would be a tremendous signing, especially on the cheap.... LOL NAE DECENT PLAYERS TO SELL. Honestly, who would pay any sort of money for any of them? Hearts will have to pay teams to take their players!!
Sickbag is currently top drawer hilarious hearty lolz all round. I particularly liked the spectacular naivety of this one:
:faf:Quote:
Originally Posted by kirkwood69 ... who probably shouldn't be allowed out on his own
PBS first game of the season, go for 0-7 again?