Share Transfers Agreed/Cooling off period

[HIBERNIAN-0762]

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Heard on Sportsound last night that Brian McLauglan said there player budget next year would be £1.4m(if they are still trading).
Any idea what Hibs player budget is?

How on earth can this be? I mean WTF?, how about paying some of the poor sods back they ripped off before spending this crazy money on players?

An absolute scandal if they get away with this!, where's all the protest from other clubs here, only these cretins could get away with anything like this!

****** beelin sitting here!

[Aldo]

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Heard on Sportsound last night that Brian McLauglan said there player budget next year would be £1.4m(if they are still trading). Any idea what Hibs player budget is?

That works out at just over 29,000 (21,199 to be precise) a month to pay for players.

[Col2]

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That works out at just over 29,000 (21,199 to be precise) a month to pay for players.

?? Arithmetic not your strongest area?!? :)

[Aldo]

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?? Arithmetic not your strongest area?!? :)

A week. Mon it's early and I've only had one coffee. Sorry!! Doh

[Col2]

What are the bets that while they scramble (privately) to get hold of the frozen shares over the next few months, they will start a campaign (through media) that it is just a very small technicality that they are not out of admin and therefore should not be punished with any future points penalty.

You can imagine the media outrage that brave Hearts being punished again after all the pain they have gone through just because of some pesky Lithuanian legal system.

I also reckon pishy pants faulkes is odds on to be wheeled out soon to 'use his power and influence on the Lithuanians'

[Billy Whizz]

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That works out at just over 29,000 (21,199 to be precise) a month to pay for players.

Tune in at around 10 mins to 14 mins, and it mentions £1.2 to £1.4 m

http://downloads.bbc.co.uk/podcasts/scotland/scotfoot/rss.xml

[CropleyWasGod]

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How on earth can this be? I mean WTF?, how about paying some of the poor sods back they ripped off before spending this crazy money on players?

An absolute scandal if they get away with this!, where's all the protest from other clubs here, only these cretins could get away with anything like this!

****** beelin sitting here!

Perfectly legal.

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[Geo_1875]

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What are the bets that while they scramble (privately) to get hold of the frozen shares over the next few months, they will start a campaign (through media) that it is just a very small technicality that they are not out of admin and therefore should not be punished with any future points penalty.

You can imagine the media outrage that brave Hearts being punished again after all the pain they have gone through just because of some pesky Lithuanian legal system.

I also reckon pishy pants faulkes is odds on to be wheeled out soon to 'use his power and influence on the Lithuanians'

If they get the shares they will be out of admin and no further punishment will be applicable. They won't get the shares anytime soon.

[Geo_1875]

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Tune in at around 10 mins to 14 mins, and it mentions £1.2 to £1.4 m

http://downloads.bbc.co.uk/podcasts/scotland/scotfoot/rss.xml

So they don't have any stadium improvements factored into their spending plans.

[fat freddy]

[QUOTE=Billy Whizz;3907178]Heard on Sportsound last night that Brian McLauglan said there player budget next year would be £1.4m(if they are still trading).
Any idea what Hibs player budget is?[/QUOTE



A rough calculation suggests they will be able to offer a squad of 25 players just over £1K per week with that budget...or £2K per week to the first team regulars and £500 to the squad players...but most likely they will offer Rudi £10k per week and everyone else can get a part time job at The Brauhaus Bar

[Aldo]

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So they don't have any stadium improvements factored into their spending plans.

There will come a time when their chums at EDC will not be able to issue a certificate. They won't have any finances put asides for this which will cost between 6 to 8 million.

The main stand should be condemned and is a complete and utter dump. For a big team they don't seem to bother too much bout this do they.

[Ronniekirk]

E

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There will come a time when their chums at EDC will not be able to issue a certificate. They won't have any finances put asides for this which will cost between 6 to 8 million.

The main stand should be condemned and is a complete and utter dump. For a big team they don't seem to bother too much bout this do they.

Why do you think the politicians keep sniffing about .Before you know it there will be backhanders and other investors looking to do what Romanov wanted to de redevelop site or flog it and rebuild like st mirren have done with council support Cheats keep on trying to cheat

[Aldo]

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E Why do you think the politicians keep sniffing about .Before you know it there will be backhanders and other investors looking to do what Romanov wanted to de redevelop site or flog it and rebuild like st mirren have done with council support Cheats keep on trying to cheat

For sure mate for sure.

[Weststandwanab]

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?? Arithmetic not your strongest area?!? :)

Indeed but it may be Yam arithmetic

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A week. Mon it's early and I've only had one coffee. Sorry!! Doh

Still Yam arithmetic

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So they don't have any stadium improvements factored into their spending plans.

That s because they will not be ale to afford any for years.

[07hibee]

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That works out at just over 29,000 (21,199 to be precise) a month to pay for players.

Don't think that's a lot really,Heard Killie players get an extra £1000 just for making the bench.

[Aldo]

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Don't think that's a lot really,Heard Killie players get an extra £1000 just for making the bench.

It's not but the yams will not understand why they can't get a certain calibre of players for the wages they pay because they are a big club after all.

Wonder if that is including the 300,000 each for May and Mackay in the summer.

[07hibee]

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It's not but the yams will not understand why they can't get a certain calibre of players for the wages they pay because they are a big club after all.

Wonder if that is including the 300,000 each for May and Mackay in the summer.

Could be a great source if enjoyment watching them rot !

[Bostonhibby]

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Heard on Sportsound last night that Brian McLauglan said there player budget next year would be £1.4m(if they are still trading).
Any idea what Hibs player budget is?

He must be a fortune teller ,an outstanding investigative financial journalist or budgies media tool if he has got that sort of info bearing in mind we are talking about the finances of an entity that does not yet exist, if it does it will be earning championship level revenue on the pitch and has no certainty about its sponsorship earnings. It is likely to have a big drain on whatever those resources are because the master plan includes a crumbling stadium that will need repair or maintenance.

If they require credit its likely to be at a higher level than normal as they have a bit of a track record and uniquely much of the surplus cash they need to create over and above the normal running costs of a championship level team to "buy" the club is reliant on unsecured donations from their fan base.

As I have posted before our family yam told me had cancelled his Diddie payment before xmas because in his view he had played his part in saving them by getting the CVA "agreed". He is a bit thick but there will be others like him and also many well intended but misled yams in there who over the period will have to give up too, this is one of the biggest risks for anyone making decisions based on a business plan / projected earnings. Remains a bit of an unknown but anyone making a straightforward business risk assessment based on that revenue stream will take a defensive position!

[Aldo]

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Could be a great source if enjoyment watching them rot !

They are rotting already and the yams are hurting big time. They still have delusions of grandeur but they will be hurting even more when they see who they can actually sign compared to who they want to sign.

[Mikey]

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What are the bets that while they scramble (privately) to get hold of the frozen shares over the next few months, they will start a campaign (through media) that it is just a very small technicality that they are not out of admin and therefore should not be punished with any future points penalty.

You can imagine the media outrage that brave Hearts being punished again after all the pain they have gone through just because of some pesky Lithuanian legal system.

I also reckon pishy pants faulkes is odds on to be wheeled out soon to 'use his power and influence on the Lithuanians'

I've no doubt whatsoever that this is what they'll try. They'll say that everything is in place but the Lithuanian legal system is holding them up. It'll be everyone else's fault except their own.

They'll try every trick in the book from "a big boy did it and ran away" right down to "if it wasn't for us you would be speaking German" in an attempt to get the football authorities to allow them to exit administration.

BDO had to liquidate Portsmouth to separate them from Snoras and that's exactly what should happen here too.

It's worth bearing in mind that Portsmouth's shares are still frozen. Just like the Hearts shares

[lapsedhibee]

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Remains a bit of an unknown but anyone making a straightforward business risk assessment based on that revenue stream will take a defensive position!

Someone suggested that in previous business ventures Mrs Budge encouraged multi-tasking in her staff to save on outgoings, so there's a chance she'll want to turn out herself at centre back.

[jonty]

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Don't think that's a lot really,Heard Killie players get an extra £1000 just for making the bench.

But for the lower divisions, it's perfectly acceptable

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Someone suggested that in previous business ventures Mrs Budge encouraged multi-tasking in her staff to save on outgoings, so there's a chance she'll want to turn out herself at centre back.

Unlike Romanov who was on the centre of someone's back.

[Hibbyradge]

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Unlike Romanov who was on the centre of someone's back.

[Eyrie]

More and more Yams will wake up to the fact that, if the shares are defrosted, then their club is safe once Budge takes control. She won't put them into administration if money is tight and, having already purchased them for emotional reasons, won't sell up to the first speculator to come along. The "worst" that will happen is that she runs them on an honest basis ie no overspending, and Budge is a good enough business woman to do just that.

That all means that there won't be any real need for the diddies to damage their family finances with monthly direct debits which cause friction with their wife/sister over not being able to afford a holiday or decent presents for the kids. Indeed they'd be daft not to cancel.

I'm mildly disappointed that Save Hearts In Trouble won't be running the circus from the outset as I was looking forward to the infighting and backbiting that would ensue. Instead Budge will control the club and appoint competent staff to run it (excepting the rumoured return of Levein). However by ensuring that they have to live within their means, she will have the inevitable consequence of making it harder for them to escape the "Championship" and the longer they stay down, the more DDs will be cancelled which damages their finances further. So if they do get promotion it will be harder for them to re-establish themselves in the top flight and this increases the likelihood of them being a yo-yo team at best.

I can live with that outcome.

[Ozyhibby]

If their total player budget for next season is £1.4m then it is less than half of ours. They won't like that at all.

[The Falcon]

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Perfectly legal.

Lots of things are perfectly legal here and elsewhere in the world, doesn't make it right I'm afraid.

Like reading the Daily Record in the bath.

[CropleyWasGod]

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Lots of things are perfectly legal here and elsewhere in the world, doesn't make it right I'm afraid.

Like reading the Daily Record in the bath.

It was on my phone. ...honest guv :-)

My previous post was short as I was busy. I should have expanded it to say that I thought we were all past the point where we understood that administration allowed them to bump their debts and spend more money. I was surprised at the poster's surprise.

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[Brooster]

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Don't think that's a lot really,Heard Killie players get an extra £1000 just for making the bench.

I find that hard to believe. I've got connections at Killie and I doubt if any of them are even on £1k a week. Happy to be proved wrong though.

[Onion]

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What are the bets that while they scramble (privately) to get hold of the frozen shares over the next few months, they will start a campaign (through media) that it is just a very small technicalitythat they are not out of admin and therefore should not be punished with any future points penalty.

You can imagine the media outrage that brave Hearts being punished again after all the pain they have gone through just because of some pesky Lithuanian legal system.

I also reckon pishy pants faulkes is odds on to be wheeled out soon to 'use his power and influence on the Lithuanians'

Hmm, international law, foreign share ownership and potential financial fraud investigations are minor technicalities and no match for a dying local Edinburgh rag and a fat, blustering politician.

[SurferRosa]

How can she fail if Pishybreeks gives her the OK....

http://www.dailyrecord.co.uk/sport/f...oulkes-3147132