The generic Hearts thread

[lord bunberry]

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Statement o'clock time

https://www.heartsfc.co.uk/news/article/chairmans-statement-march-26th

So the email story is 100% true then. They’re absolutely ****in shameless.

[matty_f]

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They are getting more and more like sevco.

Ranting lengthy statements that blame everyone else bar themselves and in this case Ann Budge. The usual tactic of saying “all clubs are in the same position” when they have no idea at all.

I personally find the sentence laughable about approaching the bank for funding and it being declined - this being “a football problem not a Hearts specific problem”. Eh no dear, it’s cause you went into administration in 2013-2014 and can’t get any credit.

And then the token thanks to FOH like it’s an after thoughts. These trumpets thought they were buying 75% back in January, not they have no idea when that’s I’ll be.

More and more like Trump - implying that everyone else is fake news, and only trust our communications...

[The 90+2]

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They were knocked back for a loan? Interesting she says that is a football thing, not a Hearts thing. Any idea why Banks are wary of football clubs Anne?


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“We don’t have any external debt” (aye no bank would give your club any money to begin with) “the only debt is loans I’ve provided” (so there is debt then)

Lived within our means (apart from when mystery benefactors are bailing you out every year) and never spent what the club didn’t have (apart from that external bonus money)

Investing in our long term future - *****ing millions on your pal Craig’s vanity project and massively overspending on a **** tip stand that still isn’t near completion.
Actually sticking by and trying to justify that email too, scandalous.

The majority of it all clearly demonstrates how she’s let her ego get completely the better of her over the past five years - we all know though how the fannies across the city will lap it up mind you.

[Ozyhibby]

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“We don’t have any external debt” (aye no bank would give your club any money to begin with) “the only debt is loans I’ve provided” (so there is debt then)

Lived within our means (apart from when mystery benefactors are bailing you out every year) and never spent what the club didn’t have (apart from that external bonus money)

Investing in our long term future - *****ing millions on your pal Craig’s vanity project and massively overspending on a **** tip stand that still isn’t near completion.
Actually sticking by and trying to justify that email too, scandalous.

The majority of it all clearly demonstrates how she’s let her ego get completely the better of her over the past five years - we all know though how the fannies across the city will lap it up mind you.

And not a single mention of being bottom of the league and a complete failure.


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[Fuzzywuzzy]

"Firstly, let me reassure all Hearts’ supporters that our financial position is no worse (nor better) than almost every other senior football club in Scotland, despite the recent continuous supply of mis-information and malicious speculation."

Here was me thinking the information was coming out of tynecastle in the form of statements and emails

[Green Blood]

Part of AB statement.....

"We will be putting Season Tickets on sale as soon as we can. Obviously, we are constrained in a number of ways, not least the uncertainty surrounding which Division we will be playing in, when this season will end and when next season will start. We will, however, put maximum protection and maximum flexibility into any terms and conditions surrounding the purchase of season tickets or hospitality packages. I want to thank all of those supporters who have indicated that they are keen to support us in this way"

She has accepted here that they may be relegated. Guaranteed she will keep season ticket pricing the same with the promise that if they are in the championship next season they will refund the difference! She is still to hand over ownership of the club, the fannies will swallow it all hook line and sinker!

[Col2]

It’s a bit like David “self sufficient” Southern announcements 4 weeks before formal administration. She is emotional and knows her club are relegated. But she has redirected the FOH cash so that’s something.

[steviehibsleith]

In her statement she mentions that Banks will not loan Hearts Money . This is not a Hearts problem but a football one...

I thought Banks didn’t loan money to clubs that had gone into administration

Is this correct and if needed Football clubs in general can get a loan from a bank

[bringbackbenny]

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"Firstly, let me reassure all Hearts’ supporters that our financial position is no worse (nor better) than almost every other senior football club in Scotland, despite the recent continuous supply of mis-information and malicious speculation."

Here was me thinking the information was coming out of tynecastle in the form of statements and emails

and yet to the best of my knowledge no other club was weighed in with immediate halving of wages as a neccessity to keep the club ticking over. indeed more the oppositie with promises to keep on full pay. I have no doubt other clubs will be feeling the pinch and more could follow but Hearts are first, why? and that's after 0000's of external cash.

She truly is shameless.

[nonshinyfinish]

No chance that was written by Budge – are we meant to believe she would put out a statement containing a mere five semicolons and a single(!) ellipsis?

[Kavinho]

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In her statement she mentions that Banks will not loan Hearts Money . This is not a Hearts problem but a football one...

I thought Banks didn’t loan money to clubs that had gone into administration

Is this correct and if needed Football clubs in general can get a loan from a bank

Which Bank do they bank with these days?

[Lee Marvin]

She is getting more and more like Donald trump every day, with a little James Traynor thrown in for good measure. Her deluded followers are also looking more like the equivalent Republican, MAGA hat wearing weapons in the mighty US of A.

STILL the only major club (maybe any club??) in the UK to demand that their whole staff take wage CUTS (not deferments) of 50% or LEAVE. 4 days out the gate no less - 4 days!!!!!

She also admitted that the email was true and doesn't seem to understand what was so wrong with it. Well played Donald, well played!

I am beginning to pity her as she is seriously losing control just now.

[jacomo]

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More and more like Trump - implying that everyone else is fake news, and only trust our communications...

Also, she seems concerned about her personal reputation over everything else.

What a piece of work she is.

[Rumble de Thump]

Hearts are an absolute circus. They would struggle to be run any more incompetently. Only sound managment can save them. Not bluff and bluster, but they can't help themselves.

It's worth remembering that they are firmly rooted to the botom the league, not because of COVID-19. But because they are absolutely pish. Get rid of them.

[Hibs4185]

Only 2-3 months expenses held in the bank account.

Monthly expenditure £1.3 million.
So that means Cash in the bank £2.6 million-£3.9 million.

Figure at the dart if he season was £400k so only 12 days worth of expenditure held.

Blatant lie. What a shambles

[AltheHibby]

I'm surprised that given the nationality of their manager and the self serving drivel contained in it that that statement isn't headlined Mein Kampf.

[brog]

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https://www.bbc.co.uk/sport/amp/foot...mpression=true

Part payment made to each club.


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There you go, wasn't difficult at all though it won't go far.

[Green Blood]

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Only 2-3 months expenses held in the bank account.

Monthly expenditure £1.3 million.
So that means Cash in the bank £2.6 million-£3.9 million.

Figure at the dart if he season was £400k so only 12 days worth of expenditure held.

Blatant lie. What a shambles

She's dipping her hands into FOH monies and using season ticket money for next season once its accrued. Has she paid her brother off yet? Also reduced running costs due to her shafting all the employees.

[EastThomasSTboy]

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Can’t afford to follow the EPL’s lead, they’re talking about completing the season whatever it takes and however long it takes. They have the financial muscle to sit tight and do that, the Scottish game doesn’t.

.

I think that the Major EPL Clubs will take a "massive" hit, having already got the Sky money up front. If everyone is cancelling their Sky accounts, and Sky have no product to show, they will be looking at a sizeable chunk of their investment to be returned (dog eat Dog scenario). Its this money that pays the ludicrously high salaries, so I think there will be a fair bit of "rebalancing" in the months ahead

GGTTH

[Waxy]

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Which Bank do they bank with these days?

Think its still ukio

[JohnMcM]

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Think its still ukio

Surely not!!! That would be just way too funny.

[RoYO!]

Entirely self sufficient and run amazing..

I mean.. apart from the fact that the club would already be back in admin were it not for your mystery backers..

[Green Blood]

https://www.glasgowtimes.co.uk/sport...club-stronger/

No shame with this club, yet their deluded fans think differently! Beyond belief!!

[erin go bragh]

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Which Bank do they bank with these days?

Bank ? They will be lucky if they have a post office account/card :)

[CloudSquall]

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Statement o'clock time

https://www.heartsfc.co.uk/news/article/chairmans-statement-march-26th

Lifetime ban please for no prior warning of the photo shown when clicking on that link

[The 90+2]

All non-league leagues have been voided down south.

[Jack]

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Think its still ukio

I think you'll find ukio banked with them.

[Green Blood]

https://www.bbc.co.uk/sport/football/52052351

Hopefully not a precedent for the higher leagues in both Scotland and England.

[Peevemor]

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https://www.bbc.co.uk/sport/football/52052351

Hopefully not a precedent for the higher leagues in both Scotland and England.

I think these are leagues where the financial impact will be minimal.

[Juice-Terry]

Am I wrong in thinking that one of the first things Ron did after taking over Hibs was to set up a loan facility (presumably with a bank)? If so, isn't it simply a blatant lie that not getting a bank loan "is not a Hearts problem; it is a Football problem"?