Hearts bump HWU for training ground rent (merged)

[WestEndHibee]

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Not really. Their income will be in the region of £150-200 million.

Writing off £150k to ensure many years of future income of around £120k pa makes sense. They would struggle to get another tenant.

I'm disgusted that it's so easy for them to write this money off. I'll be joining Heriot watt this year for a masters course for what is a very large amount of money. It means I spend my summer working any job I can for any amount of money and I'll have to take on a job over the year to make sure I can afford it which could have a negative impact on my grades.

Yet if I just used my savings to live a great life going on holiday, buying nice expensive clothes, eating out every night before telling HW that I would not be able to pay my fees then I would be kicked off my course and I would (rightly) be told that it served me right.

[sidneyhibbie]

They are also behind with the Rates by a 6 figure sum i am told, can anyone find out the exact figures ?

[Ozyhibby]

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With all due respect you obviously have no idea how higher education is run or funded in Scotland.

You're right about that but I'm pretty shocked that is run in such a way as to provide free training facilities for Hearts. Maybe you can explain it better?

[The Falcon]

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I have to say that I am less than impressed with HWU if that is the case. In fact, they were my alma mater.... I'm appalled.

What organisation lets its debtors away with 15 months interest-free credit? If that were the commercial world, HWU would have been in serious trouble a long time ago.

You would imagine that HW would have budgeted for this income.

[TowerHibs]

in those 15 months - wages to skatcel, Beattie, Hammill, Stephenson, Black etc were all paid.

Puts a complete mockery on what clubs like Hibs, Celtic, aberdeen, Dundee Utd, Killie, St Mirren, Falkirk in fact every professional and amatuer team is doing to keep guys fit and training.

Easy to say as a Hibbie but just as a footballer its disgusting. Compare to hibs, in that period of time they are £600k better off to put onto wages. Or a fee for Griffiths

Then you think about the tax and everything else that hasn't been paid......if that were the hibs i would have no problem walking away - cheating, nothing less

[Purple & Green]

Seems like fraud to me.

[Hibercelona]

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Not really. Their income will be in the region of £150-200 million.

Writing off £150k to ensure many years of future income of around £120k pa makes sense. They would struggle to get another tenant.

150 to 200 million a year?

Well they clearly don't need my money. I'm just going to stop paying.

[YehButNoBut]

Beats me how they will have the brass neck to turn up there on Thursday as if everything is hunky dory.

They really have no shame.

[Barney McGrew]

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in those 15 months - wages to skatcel, Beattie, Hammill, Stephenson, Black etc were all paid.

Puts a complete mockery on what clubs like Hibs, Celtic, aberdeen, Dundee Utd, Killie, St Mirren, Falkirk in fact every professional and amatuer team is doing to keep guys fit and training.

Easy to say as a Hibbie but just as a footballer its disgusting. Compare to hibs, in that period of time they are £600k better off to put onto wages. Or a fee for Griffiths

Then you think about the tax and everything else that hasn't been paid......if that were the hibs i would have no problem walking away - cheating, nothing less

Rates, Police, Tax and Training Facilities all bumped by them after signing players they KNEW they couldn't afford and that's just the ones that we know about so far.

And they expect people to feel sorry for them and put their hand in their pockets to bail them out? Mugs.

[twiceinathens]

"some creditors take the hump when they’re owed money from a company in administration." Just magine having the brass neck to get upset just because a wonderful football institution like hearts owe you a few quid.

[Ozyhibby]

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The problem is who else could be a tenant?

The national performance centre for sport is currently looking for a home and Heriot Watt have expressed an interest.

[Kaiser1962]

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Not really. Their income will be in the region of £150-200 million.

Writing off £150k to ensure many years of future income of around £120k pa makes sense. They would struggle to get another tenant.

The running costs of the facility will still have to met, as Hearts have still been using it, and the % age that was being met by Hearts rent will now be having to be paid from other funds. It is reasonable that HW would be looking to clear about a third as profit from the rent so the £150k rental income lost will result in them being £250k out.

There is also no guarantees that Hearts will survive and even if they did I would throw away the current "agreement", which Hearts have breached, and charge them 20k a month which would be payable in advance.

[clerriehibs]

Anyone out there still not convinced that homfc were and are cheating?

[Capt Mainwaring]

But but but . . . Hearts have not been getting any Funding from their owners for some time and the Board and supporters have assured us that they are "Self sustaining". Paying their players, paying the Bills............

I don't understand - how can this be?

[jgl07]

Is the situation with Heriot-Watt not similar to other outstanding bills?

The £150,000 is ling gone thanks to the efforts of crooked accountants signing off Hearts accounts for the past few years. They will have to take their chance with a CVA. That is presumably the same with electricity bills and the like.

From the coming season, I would assume that Heriot-Watt will be looking for cash in hand before they let them anywhere near the place.

We will find out soon.

[Fife-Hibee]

F...ing sickening ! Die ya f...ing tramps" big team my ar se !!!

[CropleyWasGod]

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Is the situation with Heriot-Watt not similar to other outstanding bills?

The £150,000 is ling gone thanks to the efforts of crooked accountants signing off Hearts accounts for the past few years. They will have to take their chance with a CVA. That is presumably the same with electricity bills and the like.

From the coming season, I would assume that Heriot-Watt will be looking for cash in hand before they let them anywhere near the place.

We will find out soon.

Crooked accountants? Really?

I it's not their fault that HWU have such appalling credit control.

[Hibercelona]

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F...ing sickening ! Die ya f...ing tramps" big team my ar se !!!

No need to be so poetic about it. Just let it all out.

[Billy Whizz]

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Crooked accountants? Really?

I it's not their fault that HWU have such appalling credit control.

Maybe didn't want to rock the boat. I play there every week, and it was a well known fact, that they were well behind with their payments

[clerriehibs]

Nothing, not a jot, on sickbag about this latest rip-off.

However, it's looking like the hot thread of the next day or so might be that "sickening, thieving" bus convener who skipped with some fans' money at the THREE-two cup final.

I assume the hypocrisy is simply unrecognised over there.

[lucky]

Don't get how OzzyHibs is getting it tight. He quite rightly has pointed out that HW should be held to account for the donation to the Yams. the only people who can do that is the Scottisg Governemnt. Mike Russell, Education Minister, has interfered in lots of other Educational establishments, forced resignations of College Principles and merged colleges. So why should he not make HW accountable for this money? After all it is tax payers money.

[Mon Dieu4]

So between HW, the Polis and the council they are due £200k or so to the Edinburgh Tax payers, that is shocking and if we see the list of creditors im sure it will only get worse

disgusting club, die die die

[Hibercelona]

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Nothing, not a jot, on sickbag about this latest rip-off.

However, it's looking like the hot thread of the next day or so might be that "sickening, thieving" bus convener who skipped with some fans' money at the THREE-two cup final.

I assume the hypocrisy is simply unrecognised over there.

"see no evil, hear no evil, speak no evil"

[Just Alf]

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Don't get how OzzyHibs is getting it tight. He quite rightly has pointed out that HW should be held to account for the donation to the Yams. the only people who can do that is the Scottisg Governemnt. Mike Russell, Education Minister, has interfered in lots of other Educational establishments, forced resignations of College Principles and merged colleges. So why should he not make HW accountable for this money? After all it is tax payers money.

That's true, the reason poor Oz is getting it tight I think is that he's blaming the government for something that is internal to HW...... Don't get me wrong, in the fullness of time if no one is held to account in some way then it's a correct assumption but we ain't there yet, at the moment the only peeps who could have done things differently work for HW?

[Kaiser1962]

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Maybe didn't want to rock the boat. I play there every week, and it was a well known fact, that they were well behind with their payments

HW probably sought, and were given, assurances that payment was forthcoming which didnt materialise.


It is very easy for shysters to take good people to the cleaners, sadly.


Edit: The first line is speculation on my part. The second may result in someone else being fired because of those liars and cheats.

[RoslinInstHibby]

So we are believing the daily record now? I obvs cant go into details but dont believe everything u read....

[Sergey]

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So we are believing the daily record now? I obvs cant go into details but dont believe everything u read....

Why so?

It was the DR that broke the Yams in Admin story - they have a good source. I think I might even know who it is.

Go do one, as the DR is a decent rag.

[clerriehibs]

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So we are believing the daily record now? I obvs cant go into details but dont believe everything u read....

You can, you know you can, go on go on go on go on ...

[Hibercelona]

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So we are believing the daily record now? I obvs cant go into details but dont believe everything u read....

"I know something you don't, but i'm not going to tell you" type post.

We get quite a few of those...

[Mon Dieu4]

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So we are believing the daily record now? I obvs cant go into details but dont believe everything u read....

The amount could be made up but the quote is directly from the Administrator stating HW are now a creditor, so they are definitely due something unless the admin just decided to tell a national newspaper a pack of lies for a giggle