gadjie Posted August 21, 2008 Share Posted August 21, 2008 Gordon, Velika, Bednar, Hartley etc all brought some money into the club. The old firm are buying in their millions, why can't we put at least some of the cash into at least one decent striker? Link to comment Share on other sites More sharing options...
DavyMcL Posted August 21, 2008 Share Posted August 21, 2008 Good, positive, first post! Link to comment Share on other sites More sharing options...
Martin_T Posted August 21, 2008 Share Posted August 21, 2008 Gordon, Velika, Bednar, Hartley etc all brought some money into the club. The old firm are buying in their millions, why can't we put at least some of the cash into at least one decent striker? Paying off large chunks of our massive debt and contributing to ongoing running costs. End of thread. Link to comment Share on other sites More sharing options...
Le Chat Posted August 21, 2008 Share Posted August 21, 2008 Gonnae no. Link to comment Share on other sites More sharing options...
WorldChampions1902 Posted August 21, 2008 Share Posted August 21, 2008 Gordon, Velika, Bednar, Hartley etc all brought some money into the club. The old firm are buying in their millions, why can't we put at least some of the cash into at least one decent striker? Rod Petrie somehow managed to hoodwink Vlad into lending the Leith paupers some capital to finance their Pig Farm. Link to comment Share on other sites More sharing options...
JohnT74 Posted August 21, 2008 Share Posted August 21, 2008 I smell green! Link to comment Share on other sites More sharing options...
primrose Posted August 21, 2008 Share Posted August 21, 2008 Gordon, Velika, Bednar, Hartley etc all brought some money into the club. The old firm are buying in their millions, why can't we put at least some of the cash into at least one decent striker? I smell sheeeite!!!:105years: Link to comment Share on other sites More sharing options...
redjambo Posted August 21, 2008 Share Posted August 21, 2008 I smell green! Aye, but we should at least give this one a wee run for his money. He's taken a lot of time and effort to check his spelling and grammar. Must have been tiring for him. Link to comment Share on other sites More sharing options...
sjh1874 Posted August 21, 2008 Share Posted August 21, 2008 Aye and Walter and Wee Burnie have spent so wisely....... Look at how many players at Ibrox are from Murray Park and then look at the Hearts team and ask the same question of how many are from Riccarton. The Old Firm are a disgrace. Link to comment Share on other sites More sharing options...
Nikoliunas Posted August 21, 2008 Share Posted August 21, 2008 ?10 000 000 payed off! where did the cash come from? Link to comment Share on other sites More sharing options...
primrose Posted August 21, 2008 Share Posted August 21, 2008 ?10 000 000 payed off!where did the cash come from? Was it not ?12m? Link to comment Share on other sites More sharing options...
siegementality Posted August 21, 2008 Share Posted August 21, 2008 Was it not ?12m? Nobody paid anything off. Link to comment Share on other sites More sharing options...
gadjie Posted August 21, 2008 Author Share Posted August 21, 2008 yes debt needs to be paid but we also need to invest class and a striker into the team. Link to comment Share on other sites More sharing options...
kevmacd Posted August 21, 2008 Share Posted August 21, 2008 ?10 000 000 payed off!where did the cash come from? As above it was ?12m and no 'cash' ever changed hands - all that happened was an overdraft was cleared in exchange for a piece o paper worth a ?12m chunk of Hearts. Link to comment Share on other sites More sharing options...
scott herbertson Posted August 21, 2008 Share Posted August 21, 2008 yes debt needs to be paid but we also need to invest class and a striker into the team. How are "we" going to find the money to invest? Link to comment Share on other sites More sharing options...
Dr Ian Malcolm Posted August 21, 2008 Share Posted August 21, 2008 Gordon, Velika, Bednar, Hartley etc all brought some money into the club. The old firm are buying in their millions, why can't we put at least some of the cash into at least one decent striker? Well at least ?1 million went to another club, seeing as it was them that sold the player. Hartley was sold over a year ago for just over the same amount - with the debt we have, how long do you expect that much to last? The Gordon money - I would hope has been put towards the debt. Even if we could go out and spend ?3m on a striker, whos to say that solves the problem (a problem that no one's given the new striker we actually have signed a chance to help rectify)? Kenny Miller has commanded several millions over the years, he's hardly been prolific? I'd be more concerned if we had no debt and still weren't spending money, even after selling ?12m worth of players - can't think of any club in that situation....... Link to comment Share on other sites More sharing options...
Commander Harris Posted August 21, 2008 Share Posted August 21, 2008 Paying off large chunks of our massive debt and contributing to ongoing running costs. End of thread. correct answer. 10 points! Link to comment Share on other sites More sharing options...
heartsfc_fan Posted August 21, 2008 Share Posted August 21, 2008 If we want a TOP striker we would need to spend AT LEAST ?1 Million+ for them, and wages.... wages.... We can't really afford to do that Link to comment Share on other sites More sharing options...
Charlie-Brown Posted August 21, 2008 Share Posted August 21, 2008 Awright gadjie brand new ken likesay , ken whit ah mean likesay...... http://www.youtube.com/watch?v=GiX7Ufs8lFw Link to comment Share on other sites More sharing options...
Seymour M Hersh Posted August 22, 2008 Share Posted August 22, 2008 Nobody paid anything off. Surely you cannot say that definitively until this years accounts are revealed in 09. Link to comment Share on other sites More sharing options...
hearts_crazy Posted August 22, 2008 Share Posted August 22, 2008 Or to put it another way - O'Connor, Riordan, Brown, Thompson etc all brought some money into the club. The old firm are buying in their millions, why can't we put at least some of the cash into at least one decent player? I thought all the had fecked off since the start of their disastrously crap pre-season. Link to comment Share on other sites More sharing options...
Coco Posted August 22, 2008 Share Posted August 22, 2008 Surely you cannot say that definitively until this years accounts are revealed in 09. We know that UBIG switched their claim from debt to equity. That's all that happened. Restructuring of the Hearts balance sheet (and indeed the UBIG balance sheet). It does mean a cash flow improvement for Hearts assuming there are no dividends (). Whether UBIG still own the shares ... who knows? Link to comment Share on other sites More sharing options...
Charlie-Brown Posted August 22, 2008 Share Posted August 22, 2008 We know that UBIG switched their claim from debt to equity. That's all that happened. Restructuring of the Hearts balance sheet (and indeed the UBIG balance sheet). It does mean a cash flow improvement for Hearts assuming there are no dividends (). Whether UBIG still own the shares ... who knows? Was it not some company called HMFC-2005 or something like that who bought the shares? Link to comment Share on other sites More sharing options...
Coco Posted August 22, 2008 Share Posted August 22, 2008 Was it not some company called HMFC-2005 or something like that who bought the shares? That is a UBIG subsidiary isn't it? Link to comment Share on other sites More sharing options...
Charlie-Brown Posted August 22, 2008 Share Posted August 22, 2008 That is a UBIG subsidiary isn't it? In someway shape or form I would imagine so but nobody knows the precise structure unless information is available on that company? Link to comment Share on other sites More sharing options...
Coco Posted August 22, 2008 Share Posted August 22, 2008 In someway shape or form I would imagine so but nobody knows the precise structure unless information is available on that company? Did they own the Hearts debt too? Link to comment Share on other sites More sharing options...
Jam Tarts 1874 Posted August 22, 2008 Share Posted August 22, 2008 We know that UBIG switched their claim from debt to equity. That's all that happened. Restructuring of the Hearts balance sheet (and indeed the UBIG balance sheet). It does mean a cash flow improvement for Hearts assuming there are no dividends (). Whether UBIG still own the shares ... who knows? Oh dear! How can you possibly try and say that "That's ALL that happened"? Hearts ARE ?12m less in debt as a result of the the debt to equity arrangement - that is a FACT. It is NOT simply a "restructuring of the Hearts balance sheet". All UBIG now have is a pile of shares that are effectively worthless unless Hearts start making profits which demonstrates UBIG/Romoanov's long term committment as well as saving us ?600,000 in interest payments. There is a MASSIVE difference between owing UBIG ?12m and being committed to UBIG receiving dividends on our future profits. Once again your comments just demonstrate that you have very little, if any financial industry knowledge or experience, but for some reason you appear to want to pass yourself off as some kind of expert at every opportunity. Link to comment Share on other sites More sharing options...
Coco Posted August 22, 2008 Share Posted August 22, 2008 Oh dear! How can you possibly try and say that "That's ALL that happened"? Hearts ARE ?12m less in debt as a result of the the debt to equity arrangement - that is a FACT. It is NOT simply a "restructuring of the Hearts balance sheet". All UBIG now have is a pile of shares that are effectively worthless unless Hearts start making profits which demonstrates UBIG/Romoanov's long term committment as well as saving us ?600,000 in interest payments. There is a MASSIVE difference between owing UBIG ?12m and being committed to UBIG receiving dividends on our future profits. Once again your comments just demonstrate that you have very little, if any financial industry knowledge or experience, but for some reason you appear to want to pass yourself off as some kind of expert at every opportunity. Hello again. UBIG changed their claim on their subsidiary's assets. That was the point I was making. Hearts are UBIG. UBIG are Hearts. There is no 'our'. As for your expertise, have you worked out how a rental value change affects a capital value yet? Link to comment Share on other sites More sharing options...
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