Totally agree. Until the clubs agree that we need FFP then the game will always be rigged in Scotland.This quote is hidden because you are ignoring this member. Show Quote
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Thread: The generic Hearts thread
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19-02-2020 12:14 PM #4111
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19-02-2020 12:17 PM #4112This quote is hidden because you are ignoring this member. Show Quote
They would have lost even more money over the lease period if they had told Hearts to bolt. Once Budge came in they were effectively a new organisation so easy for HW to do business with them.#
Still stinks all the same.
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19-02-2020 12:28 PM #4113
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[QUOTE=Ozyhibby;6089615]Rangers and Hearts are very different cases. The old Rangers deliberately gave their players 2nd contracts and concealed these from the SFA and HMRC. These were both illegal in law and against the SFA’s own rules and would normally result in forfeiting any game these players played in. Only the collusion with the SFA saved them from having titles stripped. Our very own Rod Petrie was part of the cover up. Hearts didn’t break any football rules until the day they went into admin. They then were punished for it.
Scottish football still has no FFP rules because Sevco could not survive without the constant over spending.
Why clubs like Hibs give them a free pass all the time remains a mystery to me.
I'm sure I read that the SFA asked hearts if they had the funds to complete the season and they said that they did. They had lied as they went further into debt to complete the season so that they would not go into Admin until the end of the next season. This gave them more time to get rescued while still in the Premier division. The SFA were also to blame for not seeking proof of viability. A total farce.
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19-02-2020 12:43 PM #4114
[QUOTE=gloryhunter;6089638]
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19-02-2020 12:47 PM #4115
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[QUOTE=greenginger;6089646]
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19-02-2020 12:59 PM #4116This quote is hidden because you are ignoring this member. Show Quote
They’ve got FFP in England and their game is probably more rigged than ours.
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19-02-2020 01:15 PM #4117This quote is hidden because you are ignoring this member. Show Quote
I could be wrong but wasn't it the case that the £2.5M contribution was the original plan, but they reneged on the deal and decided to rent instead?
Of course, they didn't actually pay the rent either, but that's normal for Hearts.
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19-02-2020 01:34 PM #4118
[QUOTE=greenginger;6089646]
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19-02-2020 01:44 PM #4119
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In a pub full of supporters of all the other clubs in Scotland, we can rightfully boast un-challenged of our cup wins - when Jambos (and Huns) do it there will always be a legitimate 'Ah but….. ' !
However, the worst crime/sin was plundering the charity-boxes - even the Hun didn't stoop that low !.
Last edited by Deansy; 20-02-2020 at 06:18 AM.
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19-02-2020 01:46 PM #4120
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19-02-2020 01:52 PM #4121This quote is hidden because you are ignoring this member. Show Quote
Hearts agree £22 million sale
Published: 14:51
Thursday 19 August 2004
Updated: 13:29
HEARTS announced today they have struck a deal to sell their Tynecastle home to house-builders Cala for up to £22 million.
The debt-ridden club will play their games at Murrayfield next season after reaching an agreement to groundshare with the Scottish Rugby Union.
The deal was announced by chairman George Foulkes following months of negotiations with a series of property developers.
The sale of the club’s historic home has to be confirmed by a vote of shareholders on September 13.
However, the club warned today that without the cash injection which the sale will bring it risks sliding into administration by the middle of next month. Hearts are currently more than 19m in debt and will raise a guaranteed minimum of 20.5m from the sale of the famous ground, which has been the Jambos home for more than 100 years.
The figure of 22m relies on planning approval for any major housing development on the site.
Edinburgh-based Cala Homes will now enter into discussions with the city council over their plans to build hundreds of homes on the site.
The council has drawn up a blueprint which envisages homes, shops and offices being built on the six-acre site and surrounding land.
Hearts will now move to Scotland’s national rugby stadium while the search continues for a site for a permanent new home.
Insisting the deal has been done in the best interests of the club, Mr Foulkes said today: "In the current circumstances, I believe that the proposals we publish today are in the best interests of Hearts, its shareholders and supporters.
"The proposals have the unanimous support of the board. These are prudent and sensible actions which address two unavoidable truths - that Tynecastle is not presently commercially viable and that Hearts must agree the sale of the stadium now to ensure we have sufficient working capital to continue to trade.
"Our proposals include a condition which allows us to withdraw from the sale of Tynecastle before January 31st 2005 if a financially viable alternative is acceptable to us.
"If no preferred alternative is found by January 31st - and no-one should give supporters false hope that this is possible - the sale of Tynecastle on these terms and the ground share at Murrayfield offers Hearts the resources and further time to search for and develop a home which meets the expectations of our supporters."
A statement from the club revealed that, without confirmation that the selling process was underway, major creditor Halifax Bank of Scotland may have been unable to provide additional lending over and above the existing facility from September 13. The club will now hold an EGM on that date when shareholders will vote on the offer.
However, it was also confirmed there is a clause in the "disposal" agreement which allows Hearts to withdraw from any proposed sell-off on or before January 31 next year should circumstances permit. However, withdrawal would carry a financial penalty of 75,000 for the club.
The sale is unlikely to be finalised before next spring and cannot be concluded before January 31, 2005. Hearts said that any cash remaining after clearing debts would be used as working capital and towards development of a new stadium.
News of the deal between Hearts and Cala boosted the market value of the Gorgie club. Just before midday, shares in the club jumped almost 12 per cent to 33.5 pence, valuing the business at 4.23m.
Under the terms of the groundshare deal, Hearts will pay the SRU 20,000 per game, with the football club playing all its league, cup and European fixtures there.
The SRU was quick to lay out the welcome mat to Hearts and their fans’ while stressing minimum inconvenience for followers of the oval ball game.
SRU chief executive Phil Anderton said: "We are pleased to have concluded finally an agreement with Hearts that will see them play at Murrayfield subject to the approval of their shareholders. Today’s announcement is a perfect fit in our long term strategy to see our first class facilities at Murrayfield Stadium used as a platform for excellence across the leisure business enabling us to re-invest in Scottish Rugby.
"In the immediate future we look forward to welcoming Hearts and their supporters to Murrayfield for the Uefa Cup matches beginning next month."
An SRU spokesman added that "as much as possible" fixture clashes would be avoided at a time when Edinburgh Rugby as well as Scotland will operate at the ground.
Chief Executive Chris Robinson today welcomed the move, insisting it provided stability for the club, something which has been missing in recent years. He insisted he had no intention of resigning in the aftermath of today’s development.
"I do not feel it is incumbent on me to resign. The club has a strong future and I think it is a great deal for the club. This is an opportunity to take the club on to a different level."
However, those living near the famous rugby ground were not so happy at the prospect of floods of football fans regularly descending on the area.
David Daulby, secretary of Murrayfield Community Council, said: "This will not please local residents at all. It is a very quiet residential area. Football crowds coming through the area will not be appreciated. The rugby is only a few times a year, but this will be every two weeks."
In Gorgie, business leaders expressed fears about the impact on the area.
Mohammed Kabil, owner of the Liquor Licence Store on Gorgie Road, said: "We are really going to struggle without the fans. I have been here 24 years and my livelihood depends on the Hearts fans."
But the businessman at the centre of a radical plan to keep Hearts in Gorgie as part of a vision for the whole area said he remained optimistic that today’s announcement did not spell the end for his plans.
Peter McGrail said: "This is not a surprise. They said they would enter into a conditional agreement. What I would be interested in is what kind of penalties and conditions are involved."
Mr McGrail had proposed a 20,000-capacity sports stadium complex located on the site of the council’s roads depot in McLeod Street, with Tynecastle High School moving to land occupied by the present stadium and private housing built where the school currently stands.
Cala Homes said: "We appreciate the significance of Tynecastle Stadium to Hearts supporters and their strong emotional attachment to the ground.
"This is a commercial transaction, based on the club’s decision to seek offers for the ground. The scale and nature of the agreement relieves the immediate financial pressures on the club, allowing it to continue in business and we have agreed conditions which give Hearts some degree of flexibility should the club’s circumstances change."
Four-year search for a new home
HEARTS have spent the last four years searching for a solution for the club’s ground problem.
Options have included staying at Tynecastle, moving to a new stadium or ground-sharing.
In December 2000, chief executive Chris Robinson revealed to 500 shareholders at the club’s annual general meeting proposals to construct a new stadium
after the club detailed record losses of 3.7 million for the year 1999-2000.
In April 2003, the possibility of Hibs and Hearts sharing a new multi-purpose stadium was first mooted.
In June 2003, Hibs and Hearts confirmed they were in talks to share a new purpose-built stadium at Straiton with the land for a new stadium to be given for nothing in a deal involving Hibs owner Sir Tom Farmer.
But in September 2003 Mr Robinson confirmed he was in talks with the SRU over moving the club to Murrayfield. In October 2003, Hearts shareholders voted in favour of the Murrayfield switch - sparking major protests from Hearts fans.
In December, Heart of Midlothian Supporters Trust met with businessman Robert McGrail to discuss his proposed bid to buy Tynecastle but the proposal was rejected by Hearts.
Then in early January Mr McGrail’s brother, Peter, revealed a business plan which would see Tynecastle become the focal point of a new state-of-the art sports complex.
But the plan was rejected out-of-hand by Mr Robinson.
In February Hearts confirmed Murrayfield would be their new home for the next three seasons, but Peter McGrail claimed his plan was still viable.
In April Hearts got a new chairman, George Foulkes, who assured fans a move to Murrayfield would be a temporary measure.
https://www.scotsman.com/news-2-1501...sale-1-1017263
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19-02-2020 04:38 PM #4122
We will all see on the 3rd of March what it’s like to support the most forward thinking and most modern day football team in Scotland.
We will be left in the wake of a modern day genius who is miles ahead in ideas and techniques than any other manager in this country........ I burst out laughing at my break when this was spouted....o and deadly serious too!
I did say that I’m glad Hibs are not as forward thinking and as modern as they are because
1. They are bottom of the league
2. 17 points behind
We as a club are stuck in the age of Dinosaurs when it comes to football with our out dated stand and cowshed training facilities.
Superb stuff with more to come tomorrow at lunch.
I have chuckled at work all day (I’m a jealous peg selling hobo)
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19-02-2020 04:48 PM #4123
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19-02-2020 04:48 PM #4124This 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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19-02-2020 04:49 PM #4125This quote is hidden because you are ignoring this member. Show Quote
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19-02-2020 04:52 PM #4126This quote is hidden because you are ignoring this member. Show Quote
Apparently tomorrow I will get a lesson in ‘pressing football’ and how a club does it correctly..... I said so it’s not Hearts but Dortmund or Liverpool!!
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19-02-2020 04:58 PM #4127This quote is hidden because you are ignoring this member. Show Quote
Why they took £2.25 million is an answer that Mr A Salmond can likely answer but unlikely to ever be put on the spot to do so, someone could ask him however he appears to be rather tied up at the moment.Last edited by hibeerealist; 19-02-2020 at 05:34 PM.
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19-02-2020 05:08 PM #4128This quote is hidden because you are ignoring this member. Show Quote
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19-02-2020 05:11 PM #4129This 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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19-02-2020 05:19 PM #4130
[QUOTE=Ozyhibby;6089672]
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The interesting thing was the agent claimed he was due his 10% on a sum that was twice the amount on Skacel’s registered contract.
In other words there was a whack of cash going to Skacel , not on his contract and no tax no doubt.
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19-02-2020 05:28 PM #4131This quote is hidden because you are ignoring this member. Show Quote
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19-02-2020 05:37 PM #4132This quote is hidden because you are ignoring this member. Show Quote
Ha Ha I sincerely wish it was as something VERY dodgy went on as NO creditor(s) would accept that figure especially when Cala had offered over £20 million previously, the whole thing stinks to high heaven.
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19-02-2020 05:46 PM #4133This 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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19-02-2020 05:51 PM #4134
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19-02-2020 06:05 PM #4135This quote is hidden because you are ignoring this member. Show Quote
Your other comments are mostly accurate but let's not deflect in any way from the magnitude of the footballing/financial crimes committed by our neighbours.
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19-02-2020 06:07 PM #4136This quote is hidden because you are ignoring this member. Show Quote
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19-02-2020 06:08 PM #4137
Serious question. Is there a more delusional fanbase in world football? I'm struggling to think of any.
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19-02-2020 06:12 PM #4138
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How their 'opening game' went ahead still astounds me but doesn't surprise me. Dare I say personal allegiances prevailed
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19-02-2020 06:17 PM #4139
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Hearts had been knocked out the league cup groups despite a draw v the pars
But competition rules meant hearts had to take part in the first ever meaningless penalty shoot out for the bonus point
Already out the cup, hardly any jambos even hit the target in the shoot out
Lots of Boooooooooo at the conclusion
Lovely stuff
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19-02-2020 06:19 PM #4140
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