Haken Posted March 27, 2020 Share Posted March 27, 2020 Good statement. Clear and to the point. Still been a shite season in the league. That about sums it up for me. Quote Link to comment Share on other sites More sharing options...
McCrae Posted March 27, 2020 Share Posted March 27, 2020 2 hours ago, Ribble said: Like every other stable business we have cash reserves to last us up to 3 months (the amount advised by every accountant and auditor) of not having any income, the issue here is that we may have to go longer than 3 months without income so we have taken steps to ensure that the 3 month cash reserve can last longer, not exactly rocket science! Partick have just announced they have the funding to pay 100% of wages for all staff until the end of the season. If a small club like Partick can build up the cash reserves to do this why can’t Hearts. As a club we can build our cash reserves , we have the income to do it. Surely if you can you would want to make the club financially strong as possible? Once we have finial stability assured we can increase spending again. Quote Link to comment Share on other sites More sharing options...
McCrae Posted March 27, 2020 Share Posted March 27, 2020 8 minutes ago, The Real Maroonblood said: When will that be? I would guess that is the original season. Quote Link to comment Share on other sites More sharing options...
kila Posted March 27, 2020 Author Share Posted March 27, 2020 (edited) 15 minutes ago, McCrae said: Patrick Thistle have announced they are keeping all staff on full pay until the end of the season. Yeah... and the season will end next week no doubt. I would be amazed if Partick have the cash to keep a commitment like that. Were they not spending to get out of that league and back into the top flight? Edited March 27, 2020 by kila Quote Link to comment Share on other sites More sharing options...
TheBigO Posted March 27, 2020 Share Posted March 27, 2020 4 minutes ago, McCrae said: Partick have just announced they have the funding to pay 100% of wages for all staff until the end of the season. If a small club like Partick can build up the cash reserves to do this why can’t Hearts. As a club we can build our cash reserves , we have the income to do it. Surely if you can you would want to make the club financially strong as possible? Once we have finial stability assured we can increase spending again. Shut up! Seriously. Shut up. Christ. Quote Link to comment Share on other sites More sharing options...
heartsfc_fan Posted March 27, 2020 Share Posted March 27, 2020 8 minutes ago, kila said: Yeah... and the season will end next week no doubt. I would be amazed if Partick have the cash to keep a commitment like that. Were they not spending to get out of that league and back into the top flight? Partick got a fair whack of cash from that euro millions winner who died recently I think. Quote Link to comment Share on other sites More sharing options...
The Real Maroonblood Posted March 27, 2020 Share Posted March 27, 2020 16 minutes ago, McCrae said: I would guess that is the original season. 👍 Quote Link to comment Share on other sites More sharing options...
alwaysthereinspirit Posted March 27, 2020 Share Posted March 27, 2020 25 minutes ago, McCrae said: Partick have just announced they have the funding to pay 100% of wages for all staff until the end of the season. If a small club like Partick can build up the cash reserves to do this why can’t Hearts. As a club we can build our cash reserves , we have the income to do it. Surely if you can you would want to make the club financially strong as possible? Once we have finial stability assured we can increase spending again. You're still on here blethering to yourself...... Quote Link to comment Share on other sites More sharing options...
bean counter Posted March 27, 2020 Share Posted March 27, 2020 26 minutes ago, McCrae said: Partick have just announced they have the funding to pay 100% of wages for all staff until the end of the season. If a small club like Partick can build up the cash reserves to do this why can’t Hearts. As a club we can build our cash reserves , we have the income to do it. Surely if you can you would want to make the club financially strong as possible? Once we have finial stability assured we can increase spending again. And a Euro millionare fan who has pumped millions into the club. Quote Link to comment Share on other sites More sharing options...
kila Posted March 27, 2020 Author Share Posted March 27, 2020 22 minutes ago, heartsfc_fan said: Partick got a fair whack of cash from that euro millions winner who died recently I think. Think a chunk is in club investment though, like stadium redevelopment plans? Not sure how much is sitting in a pile to keep paying folk. Quote Link to comment Share on other sites More sharing options...
luckydug Posted March 27, 2020 Share Posted March 27, 2020 I wouldn't ban the Sun or the DR but I would withdraw their press passes. They can pay to get in like everyone else. I can just picture some furtive looking news hack trying to look inconspicuous with his laptop in Section N. 😁 Quote Link to comment Share on other sites More sharing options...
sac Posted March 27, 2020 Share Posted March 27, 2020 14 minutes ago, bean counter said: And a Euro millionare fan who has pumped millions into the club. Did he not leave them a million before he passed away? Quote Link to comment Share on other sites More sharing options...
JimmyCant Posted March 27, 2020 Share Posted March 27, 2020 (edited) I imagine there wouldn’t be too many football clubs in the world, big medium or small who maintain a substantial financial reserve. Very few clubs run at a substantial enough profit to do that and we’re no different. We spend almost all we’ve got on infrastructure, overheads and wages. If we’ve got anything left at the end if a year it’s minimal and it’s spent the next year. Our household finance runs much like any other I imagine. We adjust to living broadly within our means, saving a little for luxuries or sticking luxuries on credit cards keeping an eye on the balance being affordable monthly along with the other bills, some of which are necessities, some of which we could do without if we have to trim down on spending. We could probably get a hold of £10k in credit fairly quickly if we needed it but we’d be in big trouble within months if we didn’t have income. Big Savings (reserves) for rainy days ? not really something we think about too much as the return on savings is minimal these days. So there are some basic comparisons you can make between a household and a large football club. The end goal of financial comfort and safety is the same. The route to get there is very different for a football club and is often loaded with risk and reward ( or no reward in a lot of cases) Edited March 27, 2020 by JimmyCant Quote Link to comment Share on other sites More sharing options...
4marsbars Posted March 27, 2020 Share Posted March 27, 2020 47 minutes ago, McCrae said: Partick have just announced they have the funding to pay 100% of wages for all staff until the end of the season. If a small club like Partick can build up the cash reserves to do this why can’t Hearts. Obviously, because Hearts would have had to lay out much more than Partick in win bonuses. Quote Link to comment Share on other sites More sharing options...
Ribble Posted March 27, 2020 Share Posted March 27, 2020 52 minutes ago, McCrae said: Partick have just announced they have the funding to pay 100% of wages for all staff until the end of the season. If a small club like Partick can build up the cash reserves to do this why can’t Hearts. As a club we can build our cash reserves , we have the income to do it. Surely if you can you would want to make the club financially strong as possible? Once we have finial stability assured we can increase spending again. And what about after the end of the season? I'm sure we COULD pay 100% of wages until the end of the season, we'd have very little left after that though so we are doing what we can to make what we have last until the club see's income returning. Quote Link to comment Share on other sites More sharing options...
Jim Panzee Posted March 27, 2020 Share Posted March 27, 2020 1 minute ago, Ribble said: And what about after the end of the season? I'm sure we COULD pay 100% of wages until the end of the season, we'd have very little left after that though so we are doing what we can to make what we have last until the club see's income returning. no one knows how Partick are funding this. funds from that millionaire, high interest loans, another mystery benefactor. have they done this hoping football returns as normal in 3 months. if not..... Quote Link to comment Share on other sites More sharing options...
JamboAl Posted March 27, 2020 Share Posted March 27, 2020 53 minutes ago, McCrae said: Partick have just announced they have the funding to pay 100% of wages for all staff until the end of the season. If a small club like Partick can build up the cash reserves to do this why can’t Hearts. As a club we can build our cash reserves , we have the income to do it. Surely if you can you would want to make the club financially strong as possible? Once we have finial stability assured we can increase spending again. Why don't you write to Partick and ask them. They were funded by a Euro Lottery winner who died fairly recently. That may or may not be a big factor. Quote Link to comment Share on other sites More sharing options...
7628mm Posted March 27, 2020 Share Posted March 27, 2020 35 minutes ago, alwaysthereinspirit said: You're still on here blethering to yourself...... Apparently not as your post clearly shows. Just saying Quote Link to comment Share on other sites More sharing options...
McCrae Posted March 27, 2020 Share Posted March 27, 2020 16 minutes ago, JamboAl said: Why don't you write to Partick and ask them. They were funded by a Euro Lottery winner who died fairly recently. That may or may not be a big factor. Hearts have the income which would allow them to save some cash, why do you think this is a bad idea? Quote Link to comment Share on other sites More sharing options...
McCrae Posted March 27, 2020 Share Posted March 27, 2020 49 minutes ago, bean counter said: And a Euro millionare fan who has pumped millions into the club. Has Partick received that money? Now that their benefactor has died I thought the funding was frozen due to a disputed will. Quote Link to comment Share on other sites More sharing options...
McCrae Posted March 27, 2020 Share Posted March 27, 2020 27 minutes ago, Ribble said: And what about after the end of the season? I'm sure we COULD pay 100% of wages until the end of the season, we'd have very little left after that though so we are doing what we can to make what we have last until the club see's income returning. if the season is scheduled to start they will have season ticket money....just like us. So no problem. Quote Link to comment Share on other sites More sharing options...
Nelly Terraces Posted March 27, 2020 Share Posted March 27, 2020 44 minutes ago, luckydug said: I wouldn't ban the Sun or the DR but I would withdraw their press passes. They can pay to get in like everyone else. I can just picture some furtive looking news hack trying to look inconspicuous with his laptop in Section N. 😁 Good suggestion. I'd gladly get a Sun reporter a ticket to stand next to me at a game. Be a **** ing pleasure in fact. Quote Link to comment Share on other sites More sharing options...
Ribble Posted March 27, 2020 Share Posted March 27, 2020 15 minutes ago, McCrae said: if the season is scheduled to start they will have season ticket money....just like us. So no problem. IF, If not then they could be in big trouble, well before clubs like Hearts who are prudently taking measures in case the season doesn't start in July. Quote Link to comment Share on other sites More sharing options...
Ribble Posted March 27, 2020 Share Posted March 27, 2020 22 minutes ago, McCrae said: Hearts have the income which would allow them to save some cash, why do you think this is a bad idea? Nobody is saying it's a bad idea ffs Hearts have saved some cash, they have saved to the same level of cash reserves as any other business operates with, the equivalent of 3 months worth of outgoings. Quote Link to comment Share on other sites More sharing options...
boag1874 Posted March 27, 2020 Share Posted March 27, 2020 McCrae has had an absolute howler here Quote Link to comment Share on other sites More sharing options...
JamboAl Posted March 27, 2020 Share Posted March 27, 2020 40 minutes ago, McCrae said: Has Partick received that money? Now that their benefactor has died I thought the funding was frozen due to a disputed will. So you don't know but you'll quote Partick anyway Quote Link to comment Share on other sites More sharing options...
JimmyCant Posted March 27, 2020 Share Posted March 27, 2020 2 hours ago, McCrae said: Hearts have the income which would allow them to save some cash, why do you think this is a bad idea? If we hadn’t spent all the money we had we’d be bottom of the league and fighting......... err..........ahem........yep....... shut up Jimmy. Quote Link to comment Share on other sites More sharing options...
McCrae Posted March 27, 2020 Share Posted March 27, 2020 1 hour ago, JamboAl said: So you don't know but you'll quote Partick anyway Why do you have such a big problem with a solution that would protect our club for the future? Quote Link to comment Share on other sites More sharing options...
JamboAl Posted March 27, 2020 Share Posted March 27, 2020 16 minutes ago, McCrae said: Why do you have such a big problem with a solution that would protect our club for the future? I'd prefer them to have 3 years cash on hand Quote Link to comment Share on other sites More sharing options...
OldGorgie Posted March 27, 2020 Share Posted March 27, 2020 9 hours ago, johnthomas said: You are referring to people as hard of thinking ! The person who thinks AB is promoting 'negative vibes' during this crisis . You really need to stop Because my opinion is different from you?? I thought this was a forum where people can express their opinions freely. Quote Link to comment Share on other sites More sharing options...
Unknown user Posted March 27, 2020 Share Posted March 27, 2020 1 minute ago, OldGorgie said: Because my opinion is different from you?? I thought this was a forum where people can express their opinions freely. It is, you did, and so did he. Quote Link to comment Share on other sites More sharing options...
soonbe110 Posted March 27, 2020 Share Posted March 27, 2020 2 hours ago, boag1874 said: McCrae has had an absolute howler here Yep, just can’t let it go despite clearly lost all the battles and the war. Quote Link to comment Share on other sites More sharing options...
Koolkeith Posted March 27, 2020 Share Posted March 27, 2020 4 hours ago, McCrae said: Partick have just announced they have the funding to pay 100% of wages for all staff until the end of the season. If a small club like Partick can build up the cash reserves to do this why can’t Hearts. As a club we can build our cash reserves , we have the income to do it. Surely if you can you would want to make the club financially strong as possible? Once we have finial stability assured we can increase spending again. So that’s for the next two months then. 👍 Quote Link to comment Share on other sites More sharing options...
johnthomas Posted March 27, 2020 Share Posted March 27, 2020 6 minutes ago, OldGorgie said: Because my opinion is different from you?? I thought this was a forum where people can express their opinions freely. No because you made the stupid statement of the year Nothing to do with opinion The rest of your posts were completely irrelevant . I'm struggling to understand how you can't see this Quote Link to comment Share on other sites More sharing options...
Lord Beni of Gorgie Posted March 27, 2020 Share Posted March 27, 2020 Another statement and the letter now on the official website Quote Link to comment Share on other sites More sharing options...
Perth to Paisley Posted March 28, 2020 Share Posted March 28, 2020 Quote Wish they would take the pen away. Yesterdays statement should have been the end offeeding the trolls Quote Link to comment Share on other sites More sharing options...
132goals1958 Posted March 28, 2020 Share Posted March 28, 2020 23 minutes ago, Sir Gio said: Another statement and the letter now on the official website It almost beggars belief that certain sections of the media can’t or won’t grasp the concept of strict financial discipline which are unequivocally necessary in what are extraordinary times.The current situation should not be a time for petty agendas. Cynical headline grabbing is distasteful to say the least. Quote Link to comment Share on other sites More sharing options...
Beast Boy Posted March 28, 2020 Share Posted March 28, 2020 Imagine being a Sun journalist sitting at home in your jockeys and slippers, seeing the daily infection and death toll numbers coming in like some kind of mortality vidi-printer, and your first though being: ”I know, I’ll use this as a way of getting torn in to a football club.” Its actually shameful. I don’t even think there should be a debate about banning them. Just do it. Hibs supporters you just expect it from. They hate us and our club. Oh well, the feeling’s mutual for me, after the way they behaved towards us during administration. I feel no shame in wishing upon their club something that they actively tried to inflict upon mine. Preston and the Sun though? Beneath contempt. It’s been interesting to watch Hearts supporters pick sides though too. Hearts supporters siding with The Sun over their own football club... changed days indeed. Quote Link to comment Share on other sites More sharing options...
pablo Posted March 28, 2020 Share Posted March 28, 2020 There's a short and pointless retort to the Club's statement from Alan Patullo in the Hibsman saying nothing much other than " yeah, but......." Quote Link to comment Share on other sites More sharing options...
Beast Boy Posted March 28, 2020 Share Posted March 28, 2020 1 minute ago, pablo said: There's a short and pointless retort to the Club's statement from Alan Patullo in the Hibsman saying nothing much other than " yeah, but......." Don’t suppose you could take a photo and post it, chief? Not a fan of Patullo, when I used to read that paper, he always struck me as someone who felt nothing but disdain for us, but hid it behind a veneer of pretence. Other writers just plain came out and said it, whilst he was always just sneering in a kind of aloof semi-interested manner. Quote Link to comment Share on other sites More sharing options...
pablo Posted March 28, 2020 Share Posted March 28, 2020 1 minute ago, Special Officer Doofy said: Don’t suppose you could take a photo and post it, chief? Not a fan of Patullo, when I used to read that paper, he always struck me as someone who felt nothing but disdain for us, but hid it behind a veneer of pretence. Other writers just plain came out and said it, whilst he was always just sneering in a kind of aloof semi-interested manner. I read it online. I absolutely agree with your description of Patullo. How he's maintained a career regurgitating stuff about periods in either the National team or Dundee's past that nobody cares about is baffling. As you say, when he turns his attention to us, it's never convincing that he understands the Club at all. Feels he should be putting the boot in, but it's lacks the oomph of his fellow hacks. Quote Link to comment Share on other sites More sharing options...
JamboAl Posted March 28, 2020 Share Posted March 28, 2020 1 hour ago, Special Officer Doofy said: Imagine being a Sun journalist sitting at home in your jockeys and slippers, seeing the daily infection and death toll numbers coming in like some kind of mortality vidi-printer, and your first though being: ”I know, I’ll use this as a way of getting torn in to a football club.” Its actually shameful. I don’t even think there should be a debate about banning them. Just do it. Hibs supporters you just expect it from. They hate us and our club. Oh well, the feeling’s mutual for me, after the way they behaved towards us during administration. I feel no shame in wishing upon their club something that they actively tried to inflict upon mine. Preston and the Sun though? Beneath contempt. It’s been interesting to watch Hearts supporters pick sides though too. Hearts supporters siding with The Sun over their own football club... changed days indeed. Correct. Just do it! Quote Link to comment Share on other sites More sharing options...
Central Belt 1874 Posted March 28, 2020 Share Posted March 28, 2020 It's not just The Sun though. I put Sky Sports News on last night for the first time since games were stopped and the way they presented how we were handling this situation was as a negative story. Barcelona, Athletico Madrid, Sunderland and a few other clubs were also reported on that channel as doing the same or similar without the negativity. Utterly outrageous reporting. Quote Link to comment Share on other sites More sharing options...
Lord Beni of Gorgie Posted March 28, 2020 Share Posted March 28, 2020 The letter is open to interpretation, no denying it. However these are pretty well paid people even at the lowest level at the club. The offer is temporary and to protect long term security. That's what makes it rather unpalatable and the vitriol shown towards our club displays an inherent bias that is manifesting itself in a rather ugly fashion. No shame in the unions or the media. They would rather see a cashier redundant than a football player return his BMW Quote Link to comment Share on other sites More sharing options...
OTT Posted March 28, 2020 Share Posted March 28, 2020 Really think Hearts take to take a strong stance on the Glasgow media (specifically the sun). We've been trashed for weeks by them publishing internal documents left right and centre. Despite the seriousness of the situation the Sun seem hell bent on sticking the boot in. Ban them. They don't add value to the club. Quote Link to comment Share on other sites More sharing options...
Angel eyes Posted March 28, 2020 Share Posted March 28, 2020 Gary Locke on OFF THE BALL asked by Cowan that if the players don’t agree their wages will be suspended? Gary did no commit an answer just said he’s no at the stadium the now and no sure what’s happening but if he’s a paid employee he’ll be on the same boat? Quote Link to comment Share on other sites More sharing options...
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