Yam accounts

[ancient hibee]

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What does that mean to someone like me who is clueless when it comes to accounts

It means there's a few liabilities swimming around and without them they couldn't have done what they have done in building the stand.

[green with envy]

I'm certainly not overly worried with that lot RE: their increased turnover.

A team languishing near the bottom of the league with all that investment is not being managed to it's potential. Car-Crash of a club is my opinion FWIW.

[Corstorphine Hibby]

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Totally sustainable. It's just like owing it to yourself. No matter who the benefactors are they won't keep giving like that, especially when they have absolutely zero chance of success

It probably has more to do with their obsession of trying to out muscle us financially

[Rumble de Thump]

Over the past few years, Hearts have shown that they definately don't do things "right off the pitch". If every club in Scotland was run as badly as they are with a fur coat nae knickers approach the game would be dead.

[Since90+2]

If anything shows what a shambles of a club they are. Turnover of that amount , and the 12m the previous season, and the best they can muster is two 6th place finishes. Losers.

[BILLYHIBS]

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What? What does that have to do with my post?

Duh!

Pointing out that we are owned by a proprietor and can never be fan owned as a club!!!

[Peevemor]

If you take away the donations they're showing a £400k loss, that's despite the SC run and their much vaunted (on here) commercial income.

Once a bunch of scrounging losers always a bunch of scrounging losers.

[MWHIBBIES]

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Duh!

Pointing out that we are owned by a proprietor and can never be fan owned as a club!!!

But what does Hibs ownership have to do with my post that was about Hearts ownership? I thought the blatant lie that I quoted was embarrassing, nothing at all to do with Hibs.

[HIBERNIAN-0762]

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If you take away the donations they're showing a £400k loss, that's despite the SC run and their much vaunted (on here) commercial income.

Once a bunch of scrounging losers always a bunch of scrounging losers.

Exactly this, the roseberry's have been bailing them out for decades, lying thieving tramps, paid yer Poppy Fund this year?

[BILLYHIBS]

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But what does Hibs ownership have to do with my post that was about Hearts ownership? I thought the blatant lie that I quoted was embarrassing, nothing at all to do with Hibs.

Apologies did not realise you were quoting verbatim from a blatant lie in the Yam Accounts???

Who knew?

[tamig]

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Decent set of accounts. Serious question but, has Budge received any of her money back as of yet? Or is the FOH money getting banked away to complete that transaction at a later date?

I’m sure she was meant to have been repaid a couple of years back. That was before the FOH dosh started getting diverted into everyday running costs and superbly managed projects.

[Bostonhibby]

All that money and still below heckingbottom's Hibs. Might be another season behind the "wee team".

If I was sinking cash into this one year one I'd be happy, but now?

Good job Mrs B

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[Col2]

FOH donations down 8.5% and expected to be materially down given last few months debacle with loser Levein (not shown in accounts). I would guess they are down 15% minimum, they will continue to drop given its natural for fans to assume the bad stuff out the way.

Without this and benefactors they would have made a big loss.

The one tier stand still getting built. How much is that then? £20m? £25m? What a vanity project and what a financial disaster.

When Budge goes so does the wealth chums. Then it’s down to Jimmy, Maggie and Fred to run the club with another bunch of chumps in a true bowling committee style.

[Col2]

And it’s quite incredible the wasted resources and lack of ANY success.

Robbie Neilson is the most successful football achievement for Dr Budge 😂😂😂

Two season behind Hibs, we win the holy grail, play in Europe and have higher attendances (last season)

[Marvellous]

Have they set any money aside for adding a second tier to their tin can "stadium"?

[Col2]

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Have they set any money aside for adding a second tier to their tin can "stadium"?

They need money to finish floor 3 and floor 4 and some other essentials as part of one tier stand before even thinking abou that. Spurs stadium was built in much less time.

[greenginger]

Hi

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Have they set any money aside for adding a second tier to their tin can "stadium"?

I don’t know what it’s for but note 29 of their accounts says they have operating lease commitments of over £ 2.5 million , last year our lease commitments were £ 61,593 .


Maybe they’re just leasing the place

[inglisavhibs]

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£3.25M in total from benefactors and that does not include the FOH donations.

They still owe budge etc 4m. That will not be a problem if they continue to receive 3.25m in donations.

[green with envy]

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£3.25M in total from benefactors and that does not include the FOH donations.

I'm seriously thinking that Queen B is the benefactor.

[The 90+2]

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I'm seriously thinking that Queen B is the benefactor.

Probably is and fair enough for putting her own money into the club. They always seem to land on their feet.

[Aldo]

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They need money to finish floor 3 and floor 4 and some other essentials as part of one tier stand before even thinking abou that. Spurs stadium was built in much less time.

Indeed.

Bear in mind their staff costs are also up a tad from £2.2 million to over £8 million.

They needed the anonymous benefactors donations to post record profit??


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[MWHIBBIES]

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They need money to finish floor 3 and floor 4 and some other essentials as part of one tier stand before even thinking abou that. Spurs stadium was built in much less time.

Spurs stadium was almost double the estimated price. It was a massive shambles, definitely not the best example.

[FilipinoHibs]

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Profit of £ 2.9 million and no tax paid.

That’s because they are allowed to use the huge losses sustained during the Vlad years to offset any profit.

Doesn’t seem to matter that the debts created were written off , they can still use those losses to their advantage.

Profit if £2.9 million and anonymous donation if £3.25 million is an operating loss of £0.35 million.

[FilipinoHibs]

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I'm seriously thinking that Queen B is the benefactor.

Agree. People don't repeatedly pump in money. They never appeared when the club needed saved. Defo Queen Bee.

[green with envy]

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Probably is and fair enough for putting her own money into the club. They always seem to land on their feet.

If it is her, I wonder how sustainable it's going to last.

[The 90+2]

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Profit if £2.9 million and anonymous donation if £3.25 million is an operating loss of £0.35 million.

Not if the money from the benefactors got calculated into the annual budget at the beginning of the year, they knew that additional money was there to play with, it’s not as if it’s covering shortfall.

[The 90+2]

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If it is her, I wonder how sustainable it's going to last.

I wouldn’t imagine it will be forever, probably until the stand is complete and they laid a new pitch, then they will obviously reduce expenditures in their budget to go accordingly without any benefactor cash.

[CapitalGreen]

Hopefully our Ron puts in some money to match their Ron.

[inglisavhibs]

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Agree. People don't repeatedly pump in money. They never appeared when the club needed saved. Defo Queen Bee.

Rumour is that it comes from the Roseberry Estate, one of the daughters is an ardent supporter. Note sure if it’s fact though.

[roo62]

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Rumour is that it comes from the Roseberry Estate, one of the daughters is an ardent supporter. Note sure if it’s fact though.

I was sure it was mentioned on here a few years back that it was thought to be a group of Hearts supporting Baillie Gifford Fund Managers donating part of their massive bonuses to the cause. The company continues to prosper and these guys could still be contributing currently.