The generic Hearts thread

[Peevemor]

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Apparently Budge has already transferred ownership to the fans, they just haven't announced it yet?

Is that true?

In the same way that Vlad sold them lots of shares - it's just that the certificates have still to be posted.

[Stuart93]

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Apparently Budge has already transferred ownership to the fans, they just haven't announced it yet?

Is that true?

Who cares?

[Booked4Being-Ugly]

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Budge has been taking them for mugs since day one.

They're happy about it though, so **** them.

[cocteautwin]

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Apparently Budge has already transferred ownership to the fans, they just haven't announced it yet?

Is that true?

She’s taken the money back for the loan but they’re not getting their shares yet. Is this the same thing?

[James Stephen]

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Who cares?

I care.

And its the Generic Hearts thread (that you are reading and posting on, by the way)

[greenginger]

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Apparently Budge has already transferred ownership to the fans, they just haven't announced it yet?

Is that true?

FoH have paid Budge everything due except £ 100 k , but she's holding on to control until the right time . She also intends to remain as chair person and CEO after completion of the transfer. ???

[Peevemor]

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She’s taken the money back for the loan but they’re not getting their shares yet. Is this the same thing?

She hasn't really taken it back - it's just "resting" in her account.

[Duke of Currie]

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He would have been one of the richest owners in Scotland. There is def some strange stuff going on with all the Americans wanting to invest in our clubs. Will be interesting to see where it goes.


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If there is a suitable shared resource between a US and Scottish Club , similar to how Aberdeen have done , Scottish clubs can get access to a larger global scouting network and access to US players. Getting a sell onto an English club would be easier and more profitable from a good club in Scotland than from certain European countries or North America. It also improves if the Scottish club in question is in Europe.

Basically , it seems like you can get a good Scottish club , outside the OF, on the cheap and use it as a shop window for player trading.

[James Stephen]

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She’s taken the money back for the loan but they’re not getting their shares yet. Is this the same thing?

Ah possibly, thanks.

Just a hearts fan told me they were going to announce it on pitch with a big ceremony etc, but lockdown has prevented that from happening.

[James Stephen]

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FoH have paid Budge everything due except £ 100 k , but she's holding on to control until the right time . She also intends to remain as chair person and CEO after completion of the transfer. ???

Thanks for your reply, makes sense.

[green day]

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Ah possibly, thanks.

Just a hearts fan told me they were going to announce it on pitch with a big ceremony etc, but lockdown has prevented that from happening.

Will be amusing if they do that once they are relegated.

Shades of Rods great idea of parading the league cup AFTER that derby at ER when Hearts won

[Rumble de Thump]

Ann Budge cannot, in all good consience, offer refunds on games that didn't take place, despite declaring that FoH and a mystery benefactor have pledged to continue to pump millions of pounds into the club over the next five years.

[Jakhog1]

They were supposed to win the champions League, sign players for 10 million, build a super duper stadium, Hickey to AC Milan, now knocking bids backs from American investors, blethering Tom Kite since 1874

[Hibeesmad]

Breaking: Foster Gillett says no formal offer has been made.

[The 90+2]

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Budge has been taking them for mugs since day one.

Yep. And still they lap her up. Her talking to them like naughty school children when criticism of Levein telling them he will decide when it’s best to leave was a highlight 😁

[The 90+2]

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Breaking: Foster Gillett says no formal offer has been made.

Shocking revelation.

[Hibeesmad]

"To date there has been no response from the club board or Foundation of Hearts. No formal offer has been made, I would welcome the opportunity to engage with The Foundation of Hearts to explore a potential investment. I am looking to acquire a football club with ambitions and I’m looking to invest significantly."

[Billy Whizz]

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"To date there has been no response from the club board or Foundation of Hearts. No formal offer has been made, I would welcome the opportunity to engage with The Foundation of Hearts to explore a potential investment. I am looking to acquire a football club with ambitions and I’m looking to invest significantly."

Should get them on the cheap next season

[Kato]

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He would have been one of the richest owners in Scotland. There is def some strange stuff going on with all the Americans wanting to invest in our clubs. Will be interesting to see where it goes.


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Finances between the US and the UK will "smoother" post a no-deal Brexit.

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[snedzuk]

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They really are the Donald Trump/Boris Johnson/Dominic Cummings of Scottish Football. Contradicting themselves within paragraphs.

What an utter embarrassment.

And also the Jeremy Corbyn / Layla Moran / Ian Blackford - delusional

[Bishop Hibee]

Yams howling at the moon over the Ayr Utd Chairman’s comments on my social media feeds. They need to wise up and concentrate on their own shortcomings although this seems as likely as a Cummings apology.

[Ozyhibby]

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Should get them on the cheap next season

I doubt they can ever sell to anyone. Their FOH constitution makes it too difficult. Pretty sure they need 90% approval?


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[FilipinoHibs]

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Apparently Budge has already transferred ownership to the fans, they just haven't announced it yet?

Is that true?

They announced a few weeks ago the takeover would be delayed to later in the year because of the Covid 19 crisis. Some time prior to that they also announced Budge would stay on as CEO for I think 2 years post the takeover.

[Hibeesforever]

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I doubt they can ever sell to anyone. Their FOH constitution makes it too difficult. Pretty sure they need 90% approval?


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Always thought that was the flaw in fan ownership. Commercial owners need a return. Hearts seem to raise finance okay from mystery benefactors though. Bizarre, huge donations but no ownership or control and they still cant give refunds. A very poorly run business!

[CropleyWasGod]

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I doubt they can ever sell to anyone. Their FOH constitution makes it too difficult. Pretty sure they need 90% approval?


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That's probably as it should be. Ensures that it is very difficult for an asset-stripper to take control.

[JeMeSouviens]

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I doubt they can ever sell to anyone. Their FOH constitution makes it too difficult. Pretty sure they need 90% approval?


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Away, they're the most gullible rabble imaginable. They still about 99% approve of Vlad despite his admirable attempt to kill them off completely.

[04Sauzee]

Special Officer Doofy Special Officer Doofy

Posted 41 minutes ago
Not even worried anymore. I think it’s either:



1) Ann’s plan.



2) A modified version agreed upon by the clubs.



3) Clubs told they are restructuring by the SPFL/SFA.



in all of those scenarios, Hearts are in the ‘can afford to play’ pot.

[greenginger]

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They announced a few weeks ago the takeover would be delayed to later in the year because of the Covid 19 crisis. Some time prior to that they also announced Budge would stay on as CEO for I think 2 years post the takeover.

https://www.edinburghnews.scotsman.c...ransfer-549357

I know is Barry but ......

[Billy Whizz]

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I doubt they can ever sell to anyone. Their FOH constitution makes it too difficult. Pretty sure they need 90% approval?


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I get your point, but if they are in a bad state, might need some cash injection.
Think FOH is 75%, and Budge and the fans have the rest

[Hibeesmad]

Budge now saying the SPFL voting system is not fit for purpose.