I understand that, but if all you are doing is supporting your club (financially) why would anyone want to keep it a secret?This quote is hidden because you are ignoring this member. Show Quote
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Thread: Hearts’ Finances?
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26-01-2020 09:18 AM #61
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26-01-2020 09:30 AM #62
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26-01-2020 09:43 AM #63This quote is hidden because you are ignoring this member. Show Quote
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26-01-2020 09:57 AM #64
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We all know how these types of things can be viewed locally, ‘l’m never drinking Strongbow’ again as one of a hundred examples.
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26-01-2020 10:23 AM #65This quote is hidden because you are ignoring this member. Show Quote
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26-01-2020 11:19 AM #66This quote is hidden because you are ignoring this member. Show Quote
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26-01-2020 11:31 AM #67
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This quote is hidden because you are ignoring this member. Show Quote"You opened the box....and your soul belongs to me...."
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26-01-2020 11:34 AM #68This quote is hidden because you are ignoring this member. Show Quote
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30-11-2020 04:46 PM #69
Hearts have posted their accounts today. Showing something like a £473k profit, haven't seen the full statement
Edit.. Link here
https://www.heartsfc.co.uk/news/article/annual-report-2020
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30-11-2020 04:56 PM #70This quote is hidden because you are ignoring this member. Show Quote
Wonder how the fans feel about their donations being used to turn a 'small' profit.
Fine, no doubt.
Another fine piece of work by Dr A Budge.
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30-11-2020 05:20 PM #73
On the basis that loads of that accounting period was in the Premiership (albeit curtailed) their next set of accounts will be eye wateringly bad.
Basically the benefactor *****ed £3m on nothing last year and will presumably do the same this year.
Excellent stuff, really excellent.
eta - of course the BBC headline is Hearts Report a profit - fannies - https://www.bbc.co.uk/sport/football/55137731
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30-11-2020 05:27 PM #75This quote is hidden because you are ignoring this member. Show Quote
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"I did not need any persuasion to play for such a great club, the Hibs result is still one of the first I look for"
Sir Matt Busby
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30-11-2020 05:29 PM #76
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30-11-2020 05:33 PM #77This quote is hidden because you are ignoring this member. Show Quote
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"I did not need any persuasion to play for such a great club, the Hibs result is still one of the first I look for"
Sir Matt Busby
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30-11-2020 05:40 PM #78
That comma in the first quoted phrase shows the competence levels at Hearts.
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30-11-2020 05:47 PM #79
Initial thoughts.
How were they going to do a further £3m of trading from April to June?
Net current liabilities of £9m. That's not good, heading into lockdown.
The repayment of AB's loan has been put back a further 12 months. Now at just over £4.4m
The loan of £1m from another director isn't repayable until October 2023.
Not sure if the Hickey sale would be reflected here. Can't remember when that was. If it is, they didn't get much for him.
114 football and coaching staff
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30-11-2020 05:54 PM #80This quote is hidden because you are ignoring this member. Show Quote
Interesting also £742k claimed via Furlough. Think they are one of the first teams to show Furlough in their accounts
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30-11-2020 05:54 PM #81This quote is hidden because you are ignoring this member. Show Quote
The money they're going through is incredible.
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30-11-2020 05:57 PM #82
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thats around 90 people full furlough amount, for that duration...quite a claim that
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30-11-2020 05:58 PM #84
And yet Hearts fans should be challenging the quality of player acquisition and the quality of manager appointment.
Continue to look slow, lacking goals and suspect at centra half.
They should also be asking given these numbers why they haven’t purchased the club through FOH, instead this is delayed indefinitely and supporters funds goes to fund Budge we ego trip.
The BBC Programme showed how unprofessional the club is surrounded by wee sweetly wives. “Onwards and upwards Daniel”
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30-11-2020 06:15 PM #85
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If Budge's loan delayed for a year does that mean she will still be in charge for that length of time hopefully she is there for life.
114 football and coaching staff WTF think they could do with a few more.
No doubt a big announcement of a great balance sheet , the best balance sheet in the championship. They have turned into what we were accused of being under Rod more interested in balance sheets than football
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30-11-2020 06:17 PM #86
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I can understand why so many Jambos contribute to FOH, after all, the club was in severe danger of going under and they rallied to the cause.
However, that is a huge amount of money to ***** away and it's hilarious how much the legal fees were! What was it Peter Grant said at the weekend lol
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30-11-2020 06:18 PM #87This quote is hidden because you are ignoring this member. Show Quote
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30-11-2020 06:52 PM #88
I’ll not consider it a waste of money until they lose to Celtic next month. I’m sure their fans will think the same.
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30-11-2020 07:06 PM #89
Given it’s up to end of June then financial hit is for last 8 games - 4 at home?
Without the FOH and Benefactors cash they would have lost £3.2m in that period. They took in nearly £800k for furlough as well. It’s a staggering amount of a shortfall but as long as benefactors continue to support they can get by.
If you assume FOH continue to support then I would expect them to lose another c£5-£6m on top of £2m (net) lost up to end of June. They will have a gap of c£7m and even if benefactor bail them for another £3m, they will need £4m of additional funding.
They already have debts of £4m. The accounts state transfer of ownership is delayed by minimum 12 months. Tick Tock.
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30-11-2020 07:31 PM #90
HoMFC accounts for 2020 now available, but the accounts for parent company Bidco1874 for 2019 have still not been released.
I wonder what’s in them that they don’t want the grunts to see.
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