18-01-2016, 18:54
You mean you don't know. Again, I find it strange the interest shown in Rangers financial results compared with the lack of interest in their own club's affairs.
Just for you Fred, Hearts made an operating loss last season of £681,000. The total wage bill went up by £900,000 to over £3.8M, and will go up further this season. Operating costs were £3.6M and cash flow was £1.97M (including the release of £1.47M worth of shares owed to FoH from the previous year and therefore only able to be included in the most recent accounts - up to June 2015).
Once FoH pay back Anne Budge in 2019 (they'll be funding the debt throughout all that time too), are the fans going to be expected to continue to fund the club's debts forever - and fork out for the usual season tickets etc., as well?
Who's paying for your new main stand, Fred? The fans again? Do you seriously think that's an ideal model for the sustainable funding of a loss-making football club? It borders on insanity, if you ask me.
Just for you Fred, Hearts made an operating loss last season of £681,000. The total wage bill went up by £900,000 to over £3.8M, and will go up further this season. Operating costs were £3.6M and cash flow was £1.97M (including the release of £1.47M worth of shares owed to FoH from the previous year and therefore only able to be included in the most recent accounts - up to June 2015).
Once FoH pay back Anne Budge in 2019 (they'll be funding the debt throughout all that time too), are the fans going to be expected to continue to fund the club's debts forever - and fork out for the usual season tickets etc., as well?
Who's paying for your new main stand, Fred? The fans again? Do you seriously think that's an ideal model for the sustainable funding of a loss-making football club? It borders on insanity, if you ask me.