Jump to content
Bunny Munro

Wage cut for players and staff (Statement on 24/4)

Recommended Posts

Bunny Munro

Some of the rags are reporting all full time staff have been asked to take a 50% wage cut.

 

 

Share this post


Link to post
Share on other sites
Barack

Admin mark 2 will make it easier for the Spfl to make a decision.

 

If we are doing this. What position are other's in too...?

 

Some must be worse.

Share this post


Link to post
Share on other sites
Last Laff

Deeply concerning. 

Share this post


Link to post
Share on other sites
Stendelsarmy

Step up the mystery benefactor

Share this post


Link to post
Share on other sites
Back to 2005

I'm sorry but I thought we were on a sound financial footing. Appreciate this was unforeseen but we haven't even missed a home game yet! 

Share this post


Link to post
Share on other sites
Stendelnator

So much for Budge being a shrewd and canny businesswoman. Taking us into administration quicker than Romanov did. 

Share this post


Link to post
Share on other sites
robbo1874

Don't know if it's us just taking a sensible approach or if it's a bit worrying. We can't be the only ones with cash flow problems surely

Share this post


Link to post
Share on other sites
Politbordeaux
Just now, Stendelsarmy said:

Step up the mystery benefactor

Step up all the Hearts fans who don't donate to FOH and divert funds to help the club.

Share this post


Link to post
Share on other sites
i8hibsh

Now she is worried about lost revenue. Perhaps if she was watching our steep decline in our team the past 4 years she would already be awake to this.

Share this post


Link to post
Share on other sites
Disco Dave
2 minutes ago, Stendelnator said:

So much for Budge being a shrewd and canny businesswoman. Taking us into administration quicker than Romanov did. 

You surely cant blame her for not financially planning for Covid19?

Share this post


Link to post
Share on other sites
Bunny Munro

I think comments about 'sound financial footing' are taking into account money that the club can make outside of matchdays. Unfortunately that well has dried up also, so we're probably worse off than a lot of other clubs who don't have bar/venue hire etc 

Share this post


Link to post
Share on other sites
Famous 1874

If only we didn’t overspent on the new stand by about 12 million

Share this post


Link to post
Share on other sites
gowestjambo

It is being suggest Manager and Players are being asked to take a 50% pay cut.

 

They would still be vastly overpaid for what they have served up this season.

Share this post


Link to post
Share on other sites
Gordon Ramsay

Seems like she's crap at the business side as well. 

Share this post


Link to post
Share on other sites
Stendelsarmy

Wonder how much Levein is on

Share this post


Link to post
Share on other sites
Jamie86

I'm surprised that they had to be asked. Surely some of the higher earners could have got together and came to a decision about this. Yea they might not be on hundreds of thousands a week but I'm sure someone of 5k could survive dropping to 3k a week. And let's not turn this into a "some business woman she is". Every club will be feeling the strain from no income for months on end whilst still having overheads to pay. No one saw this coming and we won't be the first club to do this

Share this post


Link to post
Share on other sites
Baxfee

Arseholes on this thread. 

Share this post


Link to post
Share on other sites
the_jailer
6 minutes ago, Famous 1874 said:

If only we didn’t overspent on the new stand by about 12 million

Maybe her brother could give us back a couple of million 

Share this post


Link to post
Share on other sites
busby1985

I did say we should stop laughing at possible points deductions for clubs going into admin. I was told to I was over thinking it. We seem to be in big trouble. 

Share this post


Link to post
Share on other sites
CloustonHMFC

Rather being in big trouble, the club are planning for a loss of revenue for a minimum of 4 months. That’s a lot of money. They’re just trying to make sure the club continues to be sustainable. 

Share this post


Link to post
Share on other sites
Nobreath

First of many clubs I would imagine. Better sooner than later.

 

 

Share this post


Link to post
Share on other sites
Rick Sanchez

So all players are available to leave...watch them go.

Share this post


Link to post
Share on other sites
Boris5115

Well if we are struggling and I'd be surprised if we are should Budge not carry the can in the short term and bale us out. Surely with her wealth it would not be a problem to her. Still paying that parasite Levein and his buddy Mcphee can't be helping the wage bill either. Yes we are living in uncertain times but it's not just Hearts that are hurting here. 

Share this post


Link to post
Share on other sites
CloustonHMFC

Make no mistake, other clubs will follow suit, we’re just ahead of the curve. 

Share this post


Link to post
Share on other sites
jamboinglasgow

Sounds like if we are having to take such drastic action while having some help from FoH money, then it could be very bad for other clubs who have no safety net.

Share this post


Link to post
Share on other sites
gashauskis9

Other clubs will hit the wall before we do.  I’d rather we went down this route than raiding FOH to be honest.

Share this post


Link to post
Share on other sites
1971fozzy

That statement is one a few clubs will no doubt follow with likewise.

huge problems ahead.

we need to divert FOH subs ASAP.

 

Share this post


Link to post
Share on other sites
Tiger

Maybe I missed it but I guess we aren't insured?

Share this post


Link to post
Share on other sites
Barack
Just now, CloustonHMFC said:

Make no mistake, other clubs will follow suit, we’re just ahead of the curve. 

Other clubs will be in the shit, yes.

 

However, shit that this has happened. Again.

Share this post


Link to post
Share on other sites
Suso Santana

Levein and MacPhee should be taking 100% wage cuts. 

Share this post


Link to post
Share on other sites
BelgeJambo
2 minutes ago, Tiger said:

Maybe I missed it but I guess we aren't insured?

Sure I read in the last few days we are

Share this post


Link to post
Share on other sites
Kalamazoo Jambo

Absolutely brutal but I can't imagine we'll be the only club doing this. Desperate times for everyone not just in football.

Share this post


Link to post
Share on other sites
JamboCampbell

Some folk on here are absolute tools.

Blaming Budge for Coronavirus is a new low! 
 

People do realise that half the Scottish clubs WILL go bust through this.

Share this post


Link to post
Share on other sites
Jambojamie91

Massive mishandling of the club by budge. Everything is over budget, in what she’s been involved in. We were only in profit last year due to a benefactor. She’s overstayed her welcome

Share this post


Link to post
Share on other sites
Boris5115
4 minutes ago, Rick Sanchez said:

So all players are available to leave...watch them go.

Good can't wait to see the back of most of them. 

Share this post


Link to post
Share on other sites
Bunny Munro
2 minutes ago, Tiger said:

Maybe I missed it but I guess we aren't insured?

 Not sure if we are able to claim yet or not. Other clubs responses will be telling. There was a rumour that one premiership club did not have insurance. Hope to god Anns not been that daft.

Share this post


Link to post
Share on other sites
jackal

I would be amazed if other clubs dont do this or offer bigger cuts. Im sure the players wont starve or go homeless but this is a situation that is affecting every business. It shows how much clubs rely on gate income and match day sales.

Share this post


Link to post
Share on other sites
jackal
1 minute ago, Jambojamie91 said:

Massive mishandling of the club by budge. Everything is over budget, in what she’s been involved in. We were only in profit last year due to a benefactor. She’s overstayed her welcome

A bit like you.

Share this post


Link to post
Share on other sites
Mikey1874
Posted (edited)

Sorry state of affairs. Repeated everywhere in one way or another. 

 

Will be some casualties. Might be a need for SFA to implement some amnesty, special measures or something. Say a dozen clubs can't continue. 

 

Or its a big restructure with new clubs coming in. 

Edited by Mikey1874

Share this post


Link to post
Share on other sites
Martin_T

It's simple, insolvency occurs when costs exceed income, not necessarily debt in itself.

 

Hearts probably budget for season ticket income in late March/ early April. With uncertainty about income, the choice becomes either take out credit or reduce costs.

 

The players have no where to go at the moment as no other club will recruit them as they are in the same circumstances.

Share this post


Link to post
Share on other sites
Bainy

its sensible business planning during a period of uncertainty to keep us on a sound footing.  We will absolutely not be the only ones to take this action give how much clubs rely on math day revenue. I would imagine its squeaky bum time at Ibrox. 

 

 

Share this post


Link to post
Share on other sites
...a bit disco

Some laughable comments on this thread.

 

Hearts 'supporters' aye? Suppose it explains the poll on the relegation thread.

Share this post


Link to post
Share on other sites
tynietigers

Blame, blame & blame is this what we have come to 🙄 we are trying to get ahead of the game here 👍🏻 Let’s see how other club manage as I believe the Scottish game is going to crash 😬 we are trying to adjust and still be here 👊

Share this post


Link to post
Share on other sites
Dean Winchester
3 minutes ago, Bunny Munro said:

 Not sure if we are able to claim yet or not. Other clubs responses will be telling. There was a rumour that one premiership club did not have insurance. Hope to god Anns not been that daft.

 

It was confirmed in a BBC article the other day that we had it unless they have gotten that wrong.

Share this post


Link to post
Share on other sites
Suso Santana
Posted (edited)

The jobs for the boys will come back to haunt us.

Feckin loans manager and an ambassador on the books ffs. 

Edited by Suso Santana

Share this post


Link to post
Share on other sites
alwaysthereinspirit
3 minutes ago, Jambojamie91 said:

Massive mishandling of the club by budge. Everything is over budget, in what she’s been involved in. We were only in profit last year due to a benefactor. She’s overstayed her welcome

:sterb119::rifle:

 

 

Share this post


Link to post
Share on other sites
jcjambo81
Posted (edited)

This is why the season has to be null and void . we could be restarting  with half the squad we had when it was suspended 

Edited by jcjambo81

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.




×
×
  • Create New...