The generic Hearts thread

[Ozyhibby]

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Depends I guess how long lockdown will be. If clubs are going to go bust then better reducing slightly future prize money to keep them open in the short term

If the lockdown looks like being extenddd in Scotland and clubs can’t play until next year the they will have to cut costs massively. That means cutting all staff and putting the business into hibernation. The only way to avoid this would be govt support.


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[hibeerealist]

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Hearts should go back to their pals in the Lithuanian government

I'm sure they'd love to help them again

The Lithuanian pensioners, I cant recall any Lith Govt money or am I wrong?

[jacomo]

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Hearts are it it!!
The benefactor has just disappeared? He/she will be back. Budge could also bail them out, but they’re forcing the players to take pay cuts. You watch, operating funds will miraculously appear next season. They’re just shafting they’re own employees. Horrible & embarrassing excuse for a football club.

It’s very simple. Budge has temporarily lost Benny Factor’s phone number.

She is likely to find it again just in time to outbid other more prudent clubs for an expensive striker.

[Jones28]

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It’s very simple. Budge has temporarily lost Benny Factor’s phone number.

She is likely to find it again just in time to outbid other more prudent clubs for an expensive striker.

She can find it in the phone book, between Benny Hill and Ben Dover.

[The Count]

The Government is talking about Bounce Back Loans for businesses.So Budgie can apply for one to help the Jambos in the Championship.Problem solved.

[Waxy]

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She can find it in the phone book, between Benny Hill and Ben Dover.

If hearts (or Benny) Can find a £6000 a week striker in a three year deal while they’re favorites for the drop well?
They are much more equipped than anyone to take the drop to the championship for a year or two.

[Hibernianinc]

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It could be taken from future prize money

Government loan an amount and the SPFL pay back so much per year from the overall prize fund before it gets passed out to the clubs

A good suggestion

I do wonder if a club owned by fans (taxpayers) may in the future argue they don't have to pay it back as they owe it to themselves?

[Bostonhibby]

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A good suggestion

I do wonder if a club owned by fans (taxpayers) may in the future argue they don't have to pay it back as they owe it to themselves?

They'll not need to borrow anything if they just decide when to declare themselves self sufficient again. Worked well last time.

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[Coco Bryce]

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Hearts are it it!!
The benefactor has just disappeared? He/she will be back. Budge could also bail them out, but they’re forcing the players to take pay cuts. You watch, operating funds will miraculously appear next season. They’re just shafting they’re own employees. Horrible & embarrassing excuse for a football club.

I think Budge is their benefactor.

[Spike Mandela]

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I think Budge is their benefactor.

You think the woman who issues a statement every time she has eggs for breakfast would keep quiet about this fact? Really?

[Keith_M]

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If the lockdown looks like being extenddd in Scotland and clubs can’t play until next year the they will have to cut costs massively. That means cutting all staff and putting the business into hibernation. The only way to avoid this would be govt support.


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If there's to be a long term shutdown, it might be the case that putting the business into hibernation would be the only option.

As long as the clubs can keep their stadium's in reasonable condition, and out of the reach of business predators, then they could resume later.

The problem is with players contracts, which could cripple the clubs if they're to keep them going.

[greenginger]

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I think Budge is their benefactor.

No chance , Edinburgh Council would be my bet, and their spare cash is all tied up for the moment.

[Coco Bryce]

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You think the woman who issues a statement every time she has eggs for breakfast would keep quiet about this fact? Really?

Yes. Her investment is going tits up under her leadership and she know it. Trying to keep them and her investment afloat.

Why would she admit she's made a complete woman's front of it?

[Bostonhibby]

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Yes. Her investment is going tits up under her leadership and she know it. Trying to keep them and her investment afloat.

Why would she admit she's made a complete woman's front of it?

She'd be better of turning the whole thing over to the Guardian's golfing rugger boy, he sounds like a guy who knows what he's doing and has all the best contacts by the sounds of it.

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[cocteautwin]

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Hearts are it it!!
The benefactor has just disappeared? He/she will be back. Budge could also bail them out, but they’re forcing the players to take pay cuts. You watch, operating funds will miraculously appear next season. They’re just shafting they’re own employees. Horrible & embarrassing excuse for a football club.

I think this is the case also. They’ve seen an opportunity to offload an overpaid underperforming team and are using the virus as an excuse to make this happen.

I think we’ll see benefactor contributions of c£5m in the current financial year and something similar in 20/21.

[brog]

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No chance , Edinburgh Council would be my bet, and their spare cash is all tied up for the moment.

Much though I share your distaste for some of EC's financial chicanery with Hearts, I think the sums are just too large for them to be Benny. £3.25m for last season alone would have to be shown in EC's accounts & anyone trying to hide it could end up in the pokey!

[Argylehibby]

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It’s very simple. Budge has temporarily lost Benny Factor’s phone number.

She is likely to find it again just in time to outbid other more prudent clubs for an expensive striker.

More likely that Benny has blocked her calls.

[The 90+2]

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More likely that Benny has blocked her calls.

Nah, they will pick and choose when to put money in/cover up cracks. They can’t ask for players to take cuts and have Benny kicking about, they already got caught with that leaked email to agents.

[The Count]

I just do not get this benefactor thing.We have a fit and proper test in Scotland to own a club ( how King got through that is questionable).So surely a club has to declare to the football authorities where money is coming from.If not it could be laundered money from anywhere.Once passed by the football authorities then a club is within its rights if the doner requests to keep it private.So the question is do the SPL and SFA know the benefactor and are happy with the source of the money?

[hibbyfraelibby]

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More likely that Benny has blocked her calls.

She's blocked herself?

[brog]

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I just do not get this benefactor thing.We have a fit and proper test in Scotland to own a club ( how King got through that is questionable).So surely a club has to declare to the football authorities where money is coming from.If not it could be laundered money from anywhere.Once passed by the football authorities then a club is within its rights if the doner requests to keep it private.So the question is do the SPL and SFA know the benefactor and are happy with the source of the money?

Exactly my thoughts. Even paying in small cheques now comes under scrutiny, supposedly to prevent money laundering, but Hearts get £3,25m in donations without identification of the donor(s).

[CropleyWasGod]

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I just do not get this benefactor thing.We have a fit and proper test in Scotland to own a club ( how King got through that is questionable).So surely a club has to declare to the football authorities where money is coming from.If not it could be laundered money from anywhere.Once passed by the football authorities then a club is within its rights if the doner requests to keep it private.So the question is do the SPL and SFA know the benefactor and are happy with the source of the money?

The money will have already been subject to money laundering checks by the banks, auditors and lawyers involved. The SFA are entitled, IMO, to rely on them. And, if they don't, they are entitled to ask the appropriate questions; that part of the process has to be confidential.

[greenginger]

O

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Much though I share your distaste for some of EC's financial chicanery with Hearts, I think the sums are just too large for them to be Benny. £3.25m for last season alone would have to be shown in EC's accounts & anyone trying to hide it could end up in the pokey!

Maybe, but don’t forget it was just a few years ago they tried to get a motion through the Council to make it policy that they would build a whole new stadium for their favourite Edinburgh team.

Also, it was just last year they sold off an acre of council land to HoMFC to house their new stand for the sum of £ 1.

The councils budget is about £ 1.3 billion, a few million to a “ good “ cause would never be missed.

Until Benny Factor is revealed the council will remain on my suspects list.

[FilipinoHibs]

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The Lithuanian pensioners, I cant recall any Lith Govt money or am I wrong?

The black hole in UKIO bankas led it to be declared bankrupt. Depositors from the bank lost their money but the government had to carry out a €300 billion bailout so the bank's operations could be transferred to another bank. About a quarter of the bailout was down to loans to Hearts via Romanov's investment vehicle UBIG. The government issued new debt to fund the bailout, so the whole Lithuanian people have the burden of paying back this loan.

[Fuzzywuzzy]

https://www.edinburghnews.scotsman.c...ership-2844719

Aye, ok Lesley

[speedy_gonzales]

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https://www.edinburghnews.scotsman.c...ership-2844719

Aye, ok Lesley

Following these EEN stories, and BAndersons Twitter feed, there definitely seems to be an air of desperation around our Gorgie chums just now.
Maybe a sudden realisation of their situation followed by a lot of straw clutching?

[PatHead]

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Following these EEN stories, and BAndersons Twitter feed, there definitely seems to be an air of desperation around our Gorgie chums just now.
Maybe a sudden realisation of their situation followed by a lot of straw clutching?

But, but, but it's no fair.

[TrinityHibs]

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The black hole in UKIO bankas led it to be declared bankrupt. Depositors from the bank lost their money but the government had to carry out a €300 billion bailout so the bank's operations could be transferred to another bank. About a quarter of the bailout was down to loans to Hearts via Romanov's investment vehicle UBIG. The government issued new debt to fund the bailout, so the whole Lithuanian people have the burden of paying back this loan.

You saying Hearts burned 75 billion euros? They must have built another stand

[007]

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https://www.edinburghnews.scotsman.c...ership-2844719

Aye, ok Lesley

Seems like a Jambo bullying/coercion tacting, albeit done indirectly via Leslie Deans, trying to pressurise the SPFL and the other clubs to give them their reconstruction. Hopefully it backfires on them with other clubs seeing through them.

[RyeSloan]

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Seems like a Jambo bullying/coercion tacting, albeit done indirectly via Leslie Deans, trying to pressurise the SPFL and the other clubs to give them their reconstruction. Hopefully it backfires on them with other clubs seeing through them.

Article goes from a headline of ‘strong legal case’ to ‘reasonable chance of success’

As we know Patrick have explored this already and deemed it to costly for the chances of victory along with the length of time it would take.

More noise from the Jambos that hopefully does little to curry favour with everyone else.