David McCaig Posted March 30, 2008 Share Posted March 30, 2008 http://scotlandonsunday.scotsman.com/heartofmidlothianfc/Romanov-adopts-Jim-McLean-approach.3928463.jp Link to comment Share on other sites More sharing options...
David McCaig Posted March 30, 2008 Author Share Posted March 30, 2008 Ewan Murray certainly seems to have become Hearts "official" journalist of choice. The imminent share issue would seem to vindicate the view that the rise of the debt above the value of Tynecastle was/is actually a source of comfort rather than concern. Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted March 30, 2008 Share Posted March 30, 2008 Mann said on Hearts World yesterday that they were trying to demonstrate that a constructive relationship could be built with certain journos such as Ewan Murray, Stuart Bathgate and Graham Spiers. However Banderson, the ****** and the Sun will not be in the circle of trust. Moral: Choose what articles you give credibility to wisely. Link to comment Share on other sites More sharing options...
Guest casper Posted March 30, 2008 Share Posted March 30, 2008 Ewan Murray certainly seems to have become Hearts "official" journalist of choice. The imminent share issue would seem to vindicate the view that the rise of the debt above the value of Tynecastle was/is actually a source of comfort rather than concern. Not sure if having such a high debt could ever be source of comfort but any move to decrease the debt of the football club will certianly be welcomed by me. Link to comment Share on other sites More sharing options...
David McCaig Posted March 30, 2008 Author Share Posted March 30, 2008 I should have clarified that the debt rising above the value of the land is positive from the hobo point of view that VR is only here to asset strip. Another way of looking at things is that VR has pretty much put ?13M of his own companies money into the club with no guarantee of return. Even if he was to liquidate the club and sell off Tynecastle he would still be seriously out of pocket. The club has never had stronger foundations to build on, I feel that we are now just a managerial appointment away from surpassing 2006. Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted March 30, 2008 Share Posted March 30, 2008 I should have clarified that the debt rising above the value of the land is positive from the hobo point of view that VR is only here to asset strip.Another way of looking at things is that VR has pretty much put ?13M of his own companies money into the club with no guarantee of return. Even if he was to liquidate the club and sell off Tynecastle he would still be seriously out of pocket. The club has never had stronger foundations to build on, I feel that we are now just a managerial appointment away from surpassing 2006. I've been saying that for two years. The 'asset strip' theory only existed because (a) HMFC had almost sold Tynecastle, ( Romanov was a 'foreigner' whom no one knew much about and © well, he's bound to walk away sometime. Romanov's plan was simply to showcase his Lithuanian players. That hasn't worked for many reasons. Hopefully, he has started to realise this and has changed the plans accordingly. Link to comment Share on other sites More sharing options...
djf Posted March 30, 2008 Share Posted March 30, 2008 What i've found interesting is that even with little back from players for huge wages we still have a pretty decent turnover. With a trim in the wage bill, a good manager appointed and the same marketing force could we see Hearts turning a profit? Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted March 30, 2008 Share Posted March 30, 2008 What i've found interesting is that even with little back from players for huge wages we still have a pretty decent turnover. With a trim in the wage bill, a good manager appointed and the same marketing force could we see Hearts turning a profit? A lot will depend on how much of our turnover is servicing debt. We will make an operating profit this year because of the Gordon transfer and the pending Bednar transfer. Link to comment Share on other sites More sharing options...
Charlie-Brown Posted March 30, 2008 Share Posted March 30, 2008 If Hearts could manage to profitably trade ?2.5M worth of players (not unreasonable given current transfer values and Gordon, Bednar, Velicka, Skacel, Hartley have fetched approx ?13M in last 24 months at a profit of approx ?11M based on reported transfer fees) annually for a decade then we would make big inroads into the debt PROVIDED the rest of the club was run on an efficient basis (ie not loss-making). This would require us to produce our own players who become valuable and / or find Bosman's / Low Cost / Loan-to-buy signings that can be developed & eventually sold at a decent profit to the club. Of course winning football matches & trophies should always be our aim & priority but the club should also be able to trade profitably in the transfer market which short of getting some big european windfall's is about the only way the debt can be reduced from footballing activities - of course they are off-field and business ways to reduce debts however these usually involve changes in ownership structure or ownership of major assets. Link to comment Share on other sites More sharing options...
Guest casper Posted March 30, 2008 Share Posted March 30, 2008 If Hearts could manage to profitably trade ?2.5M worth of players (not unreasonable given current transfer values and Gordon, Bednar, Velicka, Skacel, Hartley have fetched approx ?13M in last 24 months at a profit of approx ?11M based on reported transfer fees) annually for a decade then we would make big inroads into the debt PROVIDED the rest of the club was run on an efficient basis (ie not loss-making). This would require us to produce our own players who become valuable and / or find Bosman's / Low Cost / Loan-to-buy signings that can be developed & eventually sold at a decent profit to the club. Of course winning football matches & trophies should always be our aim & priority but the club should also be able to trade profitably in the transfer market which short of getting some big european windfall's is about the only way the debt can be reduced from footballing activities - of course they are off-field and business ways to reduce debts however these usually involve changes in ownership structure or ownership of major assets. Just about every club in the world would like to reproduce this model and many have tried. Very very few have managed to do it consistantly over a lengthy preiod - with Ajax being the obvious example. Link to comment Share on other sites More sharing options...
Charlie-Brown Posted March 30, 2008 Share Posted March 30, 2008 90ii Just about every club in the world would like to reproduce this model and many have tried. Very very few have managed to do it consistantly over a lengthy preiod - with Ajax being the obvious example. Too often as a club Hearts have changed direction with signing policy or have not been properly focused financially since Mercer decided to sell up - Pieman eventually became financially focused but by that time all he was doing was trying to stop the bleeding - he let some players go on freedom of contract that could have had some sell on value but the club couldn't offer them competitive contracts. Regardless of who is Hearts manager in any given season if the club follows a consistent business plan and transfer policy over a sustained period of time then it will bear financial results over time - regards footballing results will depend on the ability of the players, managers and the luck of a bouncing ball. Link to comment Share on other sites More sharing options...
WalterEgo Posted March 30, 2008 Share Posted March 30, 2008 If Hearts could manage to profitably trade ?2.5M worth of players (not unreasonable given current transfer values and Gordon, Bednar, Velicka, Skacel, Hartley have fetched approx ?13M in last 24 months at a profit of approx ?11M based on reported transfer fees) annually for a decade then we would make big inroads into the debt PROVIDED the rest of the club was run on an efficient basis (ie not loss-making). This would require us to produce our own players who become valuable and / or find Bosman's / Low Cost / Loan-to-buy signings that can be developed & eventually sold at a decent profit to the club. Of course winning football matches & trophies should always be our aim & priority but the club should also be able to trade profitably in the transfer market which short of getting some big european windfall's is about the only way the debt can be reduced from footballing activities - of course they are off-field and business ways to reduce debts however these usually involve changes in ownership structure or ownership of major assets. Aaahh... so simple yet so clever... wonder why no one else has ever thought of that. Link to comment Share on other sites More sharing options...
sked21 Posted March 30, 2008 Share Posted March 30, 2008 Always enjoy reading Ewan Murray's articles. Breath of fresh air. Link to comment Share on other sites More sharing options...
Charlie-Brown Posted March 30, 2008 Share Posted March 30, 2008 Aaahh... so simple yet so clever... wonder why no one else has ever thought of that. What like Hibs? or Hearts with Bannon, Bowman, Robertson, Galloway, Colquhoun, McLaren, Cameron, McCann, Naysmith, Hartley, Skacel, Gordon, Velicka to name but a few - all were acquired at relatively little cost to Hearts but yielded very good profit. Niemi, D.MacPherson & (soon) Bednar also were profitable signings. Other players of value we helped to create were Mackay, Levein, Pressley who spent most of their career at Hearts whilst others like A.Johnston, Ritchie & Webster became international players although their contract situations meant the club didn't get full value for these players. Link to comment Share on other sites More sharing options...
Guest JamboRobbo Posted March 30, 2008 Share Posted March 30, 2008 If Hearts could manage to profitably trade ?2.5M worth of players (not unreasonable given current transfer values and Gordon, Bednar, Velicka, Skacel, Hartley have fetched approx ?13M in last 24 months at a profit of approx ?11M based on reported transfer fees) annually for a decade then we would make big inroads into the debt PROVIDED the rest of the club was run on an efficient basis (ie not loss-making). Not if it costs us 10M or 12.49 million in wages to do so. Link to comment Share on other sites More sharing options...
Charlie-Brown Posted March 30, 2008 Share Posted March 30, 2008 Not if it costs us 10M or 12.49 million in wages to do so. Agreed hence the last sentence of my post. Link to comment Share on other sites More sharing options...
WalterEgo Posted March 30, 2008 Share Posted March 30, 2008 What like Hibs? or Hearts with Bannon, Bowman, Robertson, Galloway, Colquhoun, McLaren, Cameron, McCann, Naysmith, Hartley, Skacel, Gordon, Velicka to name but a few - all were acquired at relatively little cost to Hearts but yielded very good profit. Niemi, D.MacPherson & (soon) Bednar also were profitable signings. Other players of value we helped to create were Mackay, Levein, Pressley who spent most of their career at Hearts whilst others like A.Johnston, Ritchie & Webster became international players although their contract situations meant the club didn't get full value for these players. Oh dear. It seems it is actually compulsory to include now. Link to comment Share on other sites More sharing options...
David McCaig Posted March 30, 2008 Author Share Posted March 30, 2008 I think the thing in Hearts favour is that with the commercial activity already underway and the proposed stadium expansion, our turnover should be streets ahead of any of our non old-firm rivals. This should mean that season on season, we should have a wage budget which comfortably exceeds any of our non old-firm rivals whilst still being able to trade profitably. The hard part is then to increase turnover to allow us to increase the wage budget and challenge the OF more effectively. This should policy should also be helped by the fact that the Academy is now starting to bear fruit with the likes of Jonsson, Driver, Glen etc capable of becoming seriously good players at SPL level if not higher. Link to comment Share on other sites More sharing options...
sked21 Posted March 30, 2008 Share Posted March 30, 2008 Who is the boy that asks most questions at the press conferences on a Friday? Link to comment Share on other sites More sharing options...
Colonel Kurtz Posted March 30, 2008 Share Posted March 30, 2008 Who is the boy that asks most questions at the press conferences on a Friday? Frail Link to comment Share on other sites More sharing options...
jamroll Posted March 31, 2008 Share Posted March 31, 2008 Mann said on Hearts World yesterday that they were trying to demonstrate that a constructive relationship could be built with certain journos such as Ewan Murray, Stuart Bathgate and Graham Spiers. However Banderson, the ****** and the Sun will not be in the circle of trust. Are you sure???? http://edinburghnews.scotsman.com/heartofmidlothianfc/-Tough-choices-for-Romanov.3929636.jp Link to comment Share on other sites More sharing options...
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