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Thread: Wages

  1. #1
    Join Date
    May 2002
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    Wages

    I note that Ann Budge has offered all the staff at Tynecastle a 50% cut in wages or a termination option. No doubt other clubs, including ours, will have to consider similar cost cutting measures sooner or later.

  2. #2
    50% is a hell of a chunk to start with and I'm not particularly impressed she's taking the same rate from Joe Bloggs in the office as the players earning thousands a month.

    I'm sure we'll be considering options but I certainly hope we come up with something better than that.

  3. #3
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    May 2002
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    Maybe our top six money will ease the problem?

  4. #4
    It won't be paid until the season is resolved.

  5. #5
    Borussia Moenchengladbach have become the first major team in Germany where the highly paid have voluntarily agreed to wage cuts to protect the income and jobs of the less well off in the club.

  6. #6
    Join Date
    Nov 2009
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    4,078
    Quote Originally Posted by Handsome_Devil View Post
    50% is a hell of a chunk to start with and I'm not particularly impressed she's taking the same rate from Joe Bloggs in the office as the players earning thousands a month.

    I'm sure we'll be considering options but I certainly hope we come up with something better than that.
    Indeed. Lowest paid staff should not be included. The top 6 usuually get a payout after the split, all based on finishing 6th. Additional place money is then given to them at the season's end. Bottom 6 get their payment at the season's end. I see that Hearts are planning a clearout in the summer anyway, so this is maybe just a ploy to get shot of unwanted players on the cheap. Hearts are Scotland's biggest club why are they in this mess?

  7. #7
    https://www.edinburghnews.scotsman.c...impact-2502272

    Fair or otherwise, it's hard not to suspect Budge/Hearts are 'at it' here. But I guess that's why millionaires are millionaires.

    Also curious as to what the Foundation of Hearts makes of their approach...I think I would find it very hard to continue in the Well Society if we adopted such a policy, certainly without a vote of the full membership at least.

  8. #8
    Join Date
    Nov 2002
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    815
    Quote Originally Posted by Handsome_Devil View Post
    https://www.edinburghnews.scotsman.c...impact-2502272

    Fair or otherwise, it's hard not to suspect Budge/Hearts are 'at it' here. But I guess that's why millionaires are millionaires.

    Also curious as to what the Foundation of Hearts makes of their approach...I think I would find it very hard to continue in the Well Society if we adopted such a policy, certainly without a vote of the full membership at least.
    Hearts have been a badly run club for a long time. From Robinson, who wanted to merge with Hibs, to Vlad, to Budge and the Cathro- Levine, Levine, Stendahl fiascos.

    They paid too much for dross players.

    They're lucky to have had the fans put in millions to fund this ****show. They don't have control until they buy out the last of Budge so not like us that much.

    I accept that financially we are under severe pressure at this time.

  9. #9
    https://www.afc.co.uk/2020/03/23/afc...-the-chairman/

    Aberdeen laying the groundwork for what you imagine will be considerable unpleasantness.

  10. #10
    Join Date
    May 2002
    Posts
    10,059
    No surprise to see the following sentiment expressed in the Aberdeen statement -

    “This situation is clearly unsustainable. No club, whatever their size, scale or level of investment, can withstand a total lack of income over a period of anything between three to six months.

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