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I am concerned for my many Jambo (Supporters of Heart of Midlothian FC) friends, who are facing the prospect of their old club being liquidated, if the administrator can’t sort out a mess that’s complicated by the fact that the unfeasibly large debt is held by two companies in Lithuania which are going down the tubes themselves. I’m concerned also for Scottish football, which can’t afford to lose another biggish club from the top flight. The administrator says he needs to sell 3,000 season tickets to raise working capital. I might even buy one, although I won’t be at many games, and although it will only be a short term fix. As usual there are allegedly willing buyers for the business out there, in addition to a supporters’ group, who’d be any thinking man’s first choice, but only if they could raise the case to fund not only a Creditors’ Voluntary Agreement . . . assuming the Lithuanians and HMRC would accept that . . . but also to keep the club afloat until it attains profitability once more, no easy task in the modern Scottish game.

Categories: Sport
  1. Fred in Sunny sydney
    June 24, 2013 at 11:14 am

    Sorry, I won’t shed a tear.

    Credit cards have to be paid for some time or other, and while other clubs have rationally spent only what they could afford, even if it resulted in a lack of ‘glory” Hearts spent like a drunken sailor to claim very short term bragging rights.

    Nobody is to blame for their downfall other than themselves.

    But I admit, I’m biased.

  2. June 24, 2013 at 1:24 pm

    I expected no different but the sad fact is that the Hibees can’t afford to lose two more of their biggest home gates.

  3. July 2, 2013 at 9:36 am

    Must admit I would have been more sympathetic if it wasn’t for the fact that their main sponsors are ‘Wonga’
    Surely with the millions that organisation is raking in, you would think, they would be able to come riding to the rescue.
    Or was that not included in the original package.
    I also see the other love of your life have got a similar sponsor.
    Depressing – to me anyway – to see Wonga V Cash Converters in the Scottish Premier League
    Ah well yet another sign of the times

    • July 2, 2013 at 11:58 am

      You will probably find that the Jambos are paying them 400% APR on the shirt sponsorship fee.

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