The generic Hearts thread

[chrisski33]

May laugh at their financial troubles but the covid19 is going to effect all the clubs sooner or later. Tbh not bothered about Hearts just hope we arebt financially hurt too much

[Since452]

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May laugh at their financial troubles but the covid19 is going to effect all the clubs sooner or later. Tbh not bothered about Hearts just hope we arebt financially hurt too much

We've reportedly got around 5 million in the bank so we're ok. Disappointing if we have to use a chunk of it but I'm not worried.

[Bostonhibby]

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I say this one more time
GENTLEMEN START YOUR OVENS

Nae flour on the supermarket shelves.

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[Ozyhibby]

That mean Hickey is available on a free?


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[Bostonhibby]

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Why doesn’t Budge and her rich benefactor cronies just find a legal way of financing their joke of a club through this temporary crisis?

Ah yes, Mrs doctor Budge and her alter ego Mr Benny Factor.

A budget Dr Jekyll and Mr Hyde.



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[matty_f]

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We've reportedly got around 5 million in the bank so we're ok. Disappointing if we have to use a chunk of it but I'm not worried.

I wouldn't trust that figure as being accurate.

It may be the case that we're not far behind them in asking folk to take a cut, but you'd have to hope that Ron Gordon is well placed to support the club in the meantime without it getting to that.

He said at the AGM that he was a line of credit if we needed it, so I would expect Hibs to borrow from him before cutting wages.

[Peevemor]

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We've reportedly got around 5 million in the bank so we're ok. Disappointing if we have to use a chunk of it but I'm not worried.

I doubt it. We had that at the start of the season (ST money, etc) but it will have been well eaten into. We'll probably be running on empty soon too.

It's no different from a normal person feeling minted at the beginning of the month having just been paid - you're a lot less cocky 3 weeks later.

Hearts however started the season with far less cash in the bank than us but higher monthly outgoings. That's why they're so deep in the keech.

[DarlingtonHibee]

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We've reportedly got around 5 million in the bank so we're ok. Disappointing if we have to use a chunk of it but I'm not worried.

Think that was at 30 June last year, we will have spent some of that on running the club.

[calumhibee1]

Tinpot club.

[Hibs90]

Tick tock.

[Sir David Gray]

This has really cheered me up after I was seriously starting to struggle.

Hopefully their players tell them to get raffled.

[Peevemor]

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Think that was at 30 June last year, we will have spent some of that on running the club.

Most of it I would think.

[lord bunberry]

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Nae flour on the supermarket shelves.

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It’s cool mate, it’s been hoarded by our pink chums in the event of another insolvency event.

[WoreTheGreen]

Do you see massive clubs like st m Hamilton Falkirk bleating on yet

[cocteautwin]

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I doubt it. We had that at the start of the season (ST money, etc) but it will have been well eaten into. We'll probably be running on empty soon too.

The difference is that Hearts started the season with far less cash in the bank than us but higher monthly outgoings. That's why they're so deep in the keech.

Yes indeed. Our balance at end of June 2019 included the season ticket money to be spread out over the year so current cash balances will be low but at least we have a wealthy owner to help see us through until new season ticket money becomes available. We are not going to be immune from financial difficulties.

HMFC on the other hand had irresponsibly already spent in advance most of their season ticket money and most likely needed an injection of around £4m from the benefactor before the season even started.

They are stuffed.

[The 90+2]

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That mean Hickey is available on a free?


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Medical in Barcelona once the country is allowed open again ive heard.

[JohnM1875]

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This has really cheered me up after I was seriously starting to struggle.

Hopefully their players tell them to get raffled.

Why would they though? It's 50% pay cut or you can terminate your contract. Which would mean you get paid nothing right? Unless I have that totally wrong.

Can't see any clubs on the look out to sign new players just now with everyone watching their cash flow!

[lord bunberry]

Just had a read of kickback and apparently they’re just ahead of the curve on this.
tick tock ya ****in tramps.

[Wheat Hound]

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I wouldn't trust that figure as being accurate.

It may be the case that we're not far behind them in asking folk to take a cut, but you'd have to hope that Ron Gordon is well placed to support the club in the meantime without it getting to that.

He said at the AGM that he was a line of credit if we needed it, so I would expect Hibs to borrow from him before cutting wages.

Ah, finally we get to experience being in debt to ourselves...😎

[Bostonhibby]

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It’s cool mate, it’s been hoarded by our pink chums in the event of another insolvency event.

That's probably where all the Mr Kipling Battenburgs and fondant fancies went as well then.

They like a good administration down gorgie way, maybe they'll get it right this time.


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[The 90+2]

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I wouldn't trust that figure as being accurate.

It may be the case that we're not far behind them in asking folk to take a cut, but you'd have to hope that Ron Gordon is well placed to support the club in the meantime without it getting to that.

He said at the AGM that he was a line of credit if we needed it, so I would expect Hibs to borrow from him before cutting wages.

Don’t all big clubs beg their support for money then ask their players to halve their wages though? I’m confused.

[Ozyhibby]

Commercial income at all clubs will be devastated next season. One of the benefits of us performing poorly in this area for so long now is we won’t really miss it.


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[Skol]

The government announced a package yesterday designed to avoid the need for employers to take these steps

[Bostonhibby]

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Just had a read of kickback and apparently they’re just ahead of the curve on this.
tick tock ya ****in tramps.

I remember when they declared themselves self sufficient and Banderson put Pesos instead of pounds into his calculator by mistake and said they had millions just before they went pop.

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[Antifa Hibs]

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Commercial income at all clubs will be devastated next season. One of the benefits of us performing poorly in this area for so long now is we won’t really miss it.


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Guess another advantage we have is our staffing levels are alot lower than Hearts. Think they're hospitality and catering staff are on Hertz's books wereas ours are contractors? (Could be wrong).

What's even more worrying for Hearts is they've used their last lifeline which is the fans. They're in this position with the fans donating millions to them via FoH every season. If admin MKII came round would they donate more cash when they are already currently donating vast sums to be sat bottom of the league, look an at overpriced stand and be ran rather ****; all this 5-6 years after the last time.

[murray26]

Points deduction..?

[GreenCastle]

Another story for the documentary!

All we need now is relegation is confirmed.

Is she calling bluff about no football till July / August or is she using this to try make the situation sound more serious.

Either way..unless I’m wrong it’s the 1st club in the whole U.K. to come out with such a statement since the virus.

I will be amazed if Levein is getting half his wage - still probably a fortune. Some players surely won’t be happy and can’t see this helping morale especially recent new signings.

[Gmack7]

it was inevitable after all the home games they've had cancelled 😳

[Borderhibbie76]

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I say this one more time
GENTLEMEN START YOUR OVENS

Public events are banned for the foreseeable mate so over face painting and a bake sale cant save them this time

[Billy Whizz]

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The government announced a package yesterday designed to avoid the need for employers to take these steps

They offered a loan, but they would have to pay it back