The generic Hearts thread

[FilipinoHibs]

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Very interesting, and even more so to hear they’ve already had approaches from various potential investors.

Who the hell would invest them? You are guaranteed to loose money and never get rid if your shares.

[cocteautwin]

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They havent played on a level playing field for decades.The day will come when they’ll have no choice.

I think this is the whole point of the change in the clause that makes it easier for the fans to give up ownership. If someone comes along and flashes a bit of cash they can continue the overspending model that they've been following for the last 30 or so years (including these few years under the current owners).

[cocteautwin]

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Who the hell would invest in them? You are guaranteed to loose money and never get rid if your shares.

That's a question that should be asked of anyone buying a football club. You've got to have some level of crazy inside you to want to be a football club owner.

[FilipinoHibs]

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£6.5m is the figure spent on connected party services (with JB Contracts) during the construction to date of the stand. I'm so sad I counted back to make sure.

Probably just incompetent planning of the construction of the stand. Although if I had put in £10m and watched £6m+ disappear to the family of a board member, I'd certainly be questioning the whole thing. Unless the donor and the donee belonged to the same family . . . . . . . .

Thanks for that. Looks like they still owe JB some money. So the bulk of the anonymous donations have flown through to JB Contractors. A total of £6.5 million. But JB is showing only £0.25 million cash in their annual accounts and still owed £0 75 million. A return of £1 million for a £7.25 million contract looks not too bad. But bulk of profit still owed.

[Hibs4185]

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Very interesting, and even more so to hear they’ve already had approaches from various potential investors.

You have to take everything they say with a pinch of salt. I’m sure they said Old budgey took a call from RG before he bought us. It’s like everything they come out with. Best atmosphere, best hospitality in Scotland, most managed pitch in the world, RG and Leeann visiting their fully booked facilities, blah blah blah.

It’s all absolute garbage to keep the masses on side when in reality it’s just a *hit show.

[cocteautwin]

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Thanks for that. Looks like they still owe JB some money. So the bulk of the anonymous donations have flown through to JB Contractors. A total of £6.5 million. But JB is showing only £0.25 million cash in their annual accounts and still owed £0 75 million. A return of £1 million for a £7.25 million contract looks not too bad. But bulk of profit still owed.

There's not enough information in the JB Contracts accounts to know how profitable their work with HMFC was. No P&L account is published due to the Company being exempt under the Small Companies Act and also no audit is needed.

If they wanted to push a load of cash though JB Contracts they could pay in the amounts from HMFC each year and then pay out to Directors as dividends in the same financial year, before the year end, so the cash doesn't appear in the balance sheet at the year end. As long as turnover remains below £10m, assets below £5.1m and employees below 50 (3 conditions that exist in JBC) then there's no need to publish a P&L account which would give details of profitability. Although after receiving cash of £6m plus from HMFC the net assets of JBC remain low at just a few hundred £000 except for in 2019 when the balance due from, presumably, HMFC was high. So, either the contracts with HMFC were low in profitability or someone's taken a chunk of dividends each year before year end so the cash doesn't appear in the balance sheet. The weird thing is, employee numbers haven't increased significantly, so these 7 employees must have been working their butts off like blue a$rsed flies for their £6m.

I'm not saying this is what happened though, it would be scandalous to suggest such a thing.

[ancient hibee]

Why,having gone through hoops and poured in millions of pounds to own the club,do FOH officials want to make it easier for someone else to buy it?

[Peevemor]

This JB Contracts thing is growing arms and legs.

Either JB's standing (because he wouldn't be able to sit) with £6m+ in his back pocket or maybe, just maybe, he had to play sub-contractors, suppliers, agencies and his own staff in connection with the work at Tynie.

[hibbyfraelibby]

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I think this is the whole point of the change in the clause that makes it easier for the fans to give up ownership. If someone comes along and flashes a bit of cash they can continue the overspending model that they've been following for the last 30 or so years (including these few years under the current owners).

You have to wonder if Budge is behind all this.

1. She is staying on the board (as Chair?)
2. She is remaining CEO
3. Her family is owed £squillions
4. "Mystery" benefactors keeping them afloat.
5. Squad restructring cost beyong FOH resources
6. Her ego wants her to keep the club
7. Ron Gordon buying us has spooked them/her

[Jones28]

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Who the hell would invest them? You are guaranteed to loose money and never get rid if your shares.

Exactly.

I smell *****.

[Jones28]

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You have to take everything they say with a pinch of salt. I’m sure they said Old budgey took a call from RG before he bought us. It’s like everything they come out with. Best atmosphere, best hospitality in Scotland, most managed pitch in the world, RG and Leeann visiting their fully booked facilities, blah blah blah.

It’s all absolute garbage to keep the masses on side when in reality it’s just a *hit show.

Exactly.

It’s like she’s trying to inflate the interest before shorting them.

[FilipinoHibs]

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You have to wonder if Budge is behind all this.

1. She is staying on the board (as Chair?)
2. She is remaining CEO
3. Her family is owed £squillions
4. "Mystery" benefactors keeping them afloat.
5. Squad restructring cost beyong FOH resources
6. Her ego wants her to keep the club
7. Ron Gordon buying us has spooked them/her

Yes there is something very fishy going on. Like the Romanov shenanigans it will eventually all come out in the wash.

[Hibs4185]

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You have to wonder if Budge is behind all this.

1. She is staying on the board (as Chair?)
2. She is remaining CEO
3. Her family is owed £squillions
4. "Mystery" benefactors keeping them afloat.
5. Squad restructring cost beyong FOH resources
6. Her ego wants her to keep the club
7. Ron Gordon buying us has spooked them/her

Nobody had heard of Anne budge before she saved hearts. Now she’s getting all these awards and quite well known in the Edinburgh professional scene. Even a Dr nowadays. No chance she is giving up her involvement in them, it keeps her relevant in affluent circles.

[Cataplana]

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Why,having gone through hoops and poured in millions of pounds to own the club,do FOH officials want to make it easier for someone else to buy it?

Makes more sense when you realise they are only buying it from themselves.

[cocteautwin]

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Yes there is something very fishy going on. Like the Romanov shenanigans it will eventually all come out in the wash.

I’m not convinced there’s anything untoward happening apart from some people with money trying to hide their embarrassment at how much they’ve wasted on their vanity project. Which will be somewhere between £28-30m by seasons end if anyone is interested.

[Since452]

Stendel coming out saying he's going to attack Celtic on Wednesday. Popcorn at the ready

[Smartie]

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Stendel coming out saying he's going to attack Celtic on Wednesday. Popcorn at the ready

The charge of the dug***** brigade.

[Hibeesmad]

Hamilton win tonight will put severe pressure on Hearts going into Saturday's game, especially if they lose tomorrow.

[calumhibee1]

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Hamilton win tonight will put severe pressure on Hearts going into Saturday's game, especially if they lose tomorrow.

I'm absolutely praying for a Hamilton win, mainly for us to have any chance of catching Aberdeen, but also for the hilarity it would cause seeing Hearts be more than one win away from safety again.

[Since452]

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I'm absolutely praying for a Hamilton win, mainly for us to have any chance of catching Aberdeen, but also for the hilarity it would cause seeing Hearts be more than one win away from safety again.

Reading that Aberdeen haven't won in five but a win tonight puts them third. Shows how inconsistent teams are. If we can just get a wee run going!

[bingo70]

Fancy Hamilton to get something tonight.

[FilipinoHibs]

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The charge of the dug***** brigade.

With Celtics pace and Hearts high press attack, Hearts are on a hiding.

[04Sauzee]

I am feeling quite envious that Aberdeen have Main playing up front for them this evening.

[Since452]

Very cute over on kickback. Remember when they outgrew Hibs and their main rivals became Celtic? Fast forward a few years and they're now all fawning over Aberdeen hoping they'll take points from their new main rivals Hamilton Accies. Know your place Jambos. Karma

[Squealing pig]

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Fancy Hamilton to get something tonight.

🤞

[Tyler Durden]

Tonight is the sort of game that Aberdeen typically win 1-0 with a header from Considine or McKenna. Garbage to watch but effective over the years

[Sprouleflyer]

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Fancy Hamilton to get something tonight.

Hope you fancy Ross County tomorrow night

[matty_f]

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Fancy Hamilton to get something tonight.

They’re murder.

[bingo70]

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They’re murder.

They’ve done ok recently, think their performances have been better than the results they got against the old firm sides, should have beaten st Mirren and nearly got something from the game against us.

Thought they might have been due a win, hopefully that comes at the weekend though 😉

[Hibeesmad]

Hamilton are not very good but they faced a team with a lot more quality tonight. Saturday will be a game more to their level. I'm calling a score draw this weekend.