topcat(The most tip top) Posted June 12, 2014 Share Posted June 12, 2014 Hearts aren't debt free. Masturbatory Scarecrow post IMO Link to comment Share on other sites More sharing options...
UltraJambo Posted June 12, 2014 Share Posted June 12, 2014 Hearts aren't debt free. yeah your right our 500k football debt is gonna burst the bank right enough ...muppet Link to comment Share on other sites More sharing options...
Jeffo Posted June 12, 2014 Share Posted June 12, 2014 yeah your right our 500k football debt is gonna burst the bank right enough ...muppet Thats not what he is referring to. Link to comment Share on other sites More sharing options...
UltraJambo Posted June 12, 2014 Share Posted June 12, 2014 Thats not what he is referring to. oh sorry does he mean the 2.5 mil that we owe to ann like i said not exactly gonna break the bank is it no down fester road tick fucking tock Link to comment Share on other sites More sharing options...
SEETHING Posted June 12, 2014 Author Share Posted June 12, 2014 Hearts aren't debt free. ^^^ absolutely SHITING IT ^^^ Link to comment Share on other sites More sharing options...
Morph2 Posted June 12, 2014 Share Posted June 12, 2014 Hearts aren't debt free. Tfw hibs are run like a ''proper business'' and still worse off than hearts. Link to comment Share on other sites More sharing options...
Hearts Daft Posted June 12, 2014 Share Posted June 12, 2014 Outwith football debt, which will be settled if it hasn't already Hearts are indeed debt free. Fanco are £2.5m in debt to bidco. Link to comment Share on other sites More sharing options...
cracowjambo Posted June 12, 2014 Share Posted June 12, 2014 Hearts aren't debt free. What's hibs debt? Link to comment Share on other sites More sharing options...
des dad Posted June 13, 2014 Share Posted June 13, 2014 All outstanding bills have been paid and the football debt will be tackled in the next few months. As far as I'm aware the only people to lose out were in Lithuania, and they deserved everything they got. Link to comment Share on other sites More sharing options...
Winston Churchill Posted June 13, 2014 Share Posted June 13, 2014 What's hibs debt? They don't have debt. Loans and mortgages don't count-apparently. Link to comment Share on other sites More sharing options...
sjc Posted June 13, 2014 Share Posted June 13, 2014 All outstanding bills have been paid and the football debt will be tackled in the next few months. As far as I'm aware the only people to lose out were in Lithuania, and they deserved everything they got. Why did Lithuanians paying into their savings accounts & pension hedge funds deserve to lose their money? You can differentiate between Vladimir Romanov & normal everyday Lithuanians can't you?! Link to comment Share on other sites More sharing options...
sjc Posted June 13, 2014 Share Posted June 13, 2014 What's hibs debt? They don't have debt. Loans and mortgages don't count-apparently. Debt isn't a problem if it is in proportion to the businesses turnover and assets......Ours was ridiculously high in comparison. Hibs appear to have been pretty prudently managed financially in comparison as the debt they have incurred has been spent on increasing the value of the assets by and large. Link to comment Share on other sites More sharing options...
sergie's no1 fan Posted June 13, 2014 Share Posted June 13, 2014 Hearts have signed James Keatings on a 2 year deal. Link to comment Share on other sites More sharing options...
Dudu Dahan pal Posted June 13, 2014 Share Posted June 13, 2014 oh sorry does he mean the 2.5 mil that we owe to ann like i said not exactly gonna break the bank is it no down fester road tick fucking tock Outstanding. Really outstanding stuff. Link to comment Share on other sites More sharing options...
Hearts Daft Posted June 13, 2014 Share Posted June 13, 2014 Debt isn't a problem if it is in proportion to the businesses turnover and assets......Ours was ridiculously high in comparison. Hibs appear to have been pretty prudently managed financially in comparison as the debt they have incurred has been spent on increasing the value of the assets by and large. Yes, if prudently means that they could clear the debt by becoming homeless with nowhere to train. Link to comment Share on other sites More sharing options...
sjc Posted June 13, 2014 Share Posted June 13, 2014 Yes, if prudently means that they could clear the debt by becoming homeless with nowhere to train. Far be it for me to to defend Hibs but unless their income collapses completely I very much doubt they will end up homeless with nowhere to train. Link to comment Share on other sites More sharing options...
Hearts Daft Posted June 13, 2014 Share Posted June 13, 2014 Far be it for me to to defend Hibs but unless their income collapses completely I very much doubt they will end up homeless with nowhere to train.I never said they would. I said the suggestion it is prudent to run up debts that are covered by assets you will never sell is utter pony.A bit like saying, I'm £250,000 in debt on my mortgage but my arms, legs and non-vital organs will cover that. Link to comment Share on other sites More sharing options...
sjc Posted June 13, 2014 Share Posted June 13, 2014 I never said they would. I said the suggestion it is prudent to run up debts that are covered by assets you will never sell is utter pony. A bit like saying, I'm £250,000 in debt on my mortgage but my arms, legs and non-vital organs will cover that. Not really.....they could sell Easter Road & play at Murrayfield like Robinson proposed we would in theory. Link to comment Share on other sites More sharing options...
Hearts Daft Posted June 13, 2014 Share Posted June 13, 2014 Not really.....they could sell Easter Road & play at Murrayfield like Robinson proposed we would in theory. They could. Still doesn't make it "prudent". They have 1 asset they could sell that wouldn't cover the debt. East Mains. No-ones going to buy what is essentially a refurbished barn and a few football pitches in Ormiston for any decent amount of money. Link to comment Share on other sites More sharing options...
sjc Posted June 13, 2014 Share Posted June 13, 2014 They could. Still doesn't make it "prudent". They have 1 asset they could sell that wouldn't cover the debt. East Mains. No-ones going to buy what is essentially a refurbished barn and a few football pitches in Ormiston for any decent amount of money. It's far more prudent that spunking it on wages/fees for players though.......which is essentially what Romanov did with us. Link to comment Share on other sites More sharing options...
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