Hearts

[hornetrider]

About to disappear looks like.

http://www.bbc.co.uk/sport/0/football/20241385

Is Scottish football fked or what?

[chrisj_abz]

not really, just a chairman who threw money at the club trying to challenge for the title and then lost interest...

feel sorry for the fans, but it was obvious years ago the clubs expenditure on wages was unsustainable, and even in the summer they didnt cut costs as much as they could have.

it looks like they need at least 3 million odd to cover this tax issue, the 1.75million that HMRC say is due to the Lithuanian loan players and thats before the running costs for the rest of the season...

What does help them if it all goes belly up is the vast majority of the debt is owned to the owners bank, so if he is prepared to they could go into admin, clear the debts, get a CVA and carry on. of course then Romanov would have to step aside as there are rules about running clubs after an insolvency event but a debt free Hearts would be an attractive proposition for many.

This and the Rangers issue show how easy it is for the Owners of clubs to wreck them with the fans not being able to do much about it, a fans representative on each board would at least go some way to possibly flagging up these issues before it gets too late..

[Terzo123]

Not really much of an issue.

Someone can purchase the assets of old hearts for a pittance, start a new club and pretend it's the old one with no debt. The hearts fans would even be daft enough to believe it.

[Get Karter]

Terzo123 said:

Not really much of an issue.

Someone can purchase the assets of old hearts for a pittance, start a new club and pretend it's the old one with no debt. The hearts fans would even be daft enough to believe it.

As most fans appear to identify their clubs primarily by the team name, the colour of their shirts and their home ground location; why would any football fan be labelled 'daft' to follow a team with their team name, their colours, and playing in their stadium?

[GG89]

Hell mend them.

[Terzo123]

Get Karter said:

As most fans appear to identify their clubs primarily by the team name, the colour of their shirts and their home ground location; why would any football fan be labelled 'daft' to follow a team with their team name, their colours, and playing in their stadium?

If it wasn't the same team, possibly.

[simoid]

Any update today?

Seems BBC spoke to some taxmen who said that payment plans wouldn't be an option, not looking good if they can't raise the £450k.

[bikerPaul]

chrisj_abz said:

This and the Rangers issue show how easy it is for the Owners of clubs to wreck them with the fans not being able to do much about it, a fans representative on each board would at least go some way to possibly flagging up these issues before it gets too late..

To be fair............when Romanov took over from Chris Robinson they were in dire straights then and there was never any doubt that the Romanov era was always likely to be no more than a stay of execution.

Robinson's plans when Romanov took over were to sell the ground and rent somewhere with no longer term plan to re-home the club. No way the SRU would let them rent Murrayfield on an on-going basis (and if you went to any games there you'd know how gawd awful an experience that was). Ground share at Easter Road was never going to happen either so it was game over then effectively.

So they were effectively as screwed then as it appears they are now.