It was a troubled week for Hearts in the run-up to the game against Inverness Caledonian Thistle. This was mostly down to the statement regarding the debt that the club now finds itself in - a monstrous figure of £28.4million. That's a huge, scary number I am sure you will agree.

The general feeling of depression was not helped by the Jambos' dismal exit from the Scottish Cup to Dunfermline last weekend.

I am no financial guru and that's a fact. All I can see at the moment is that the people who own the club are the people who are paying the interest on the debt to the people who own the club. So right now Vladimir Romanov is taking money out of one pocket and putting it in the other and in doing so some numbers are moved around on various company accounts - HMFC and UKIO Bankas

The only beneficiaries would seem to be the players in our vastly over-inflated first-team squad, who are picking up their weekly thousands whilst getting nowhere near the first team. Surely Hearts will have a drastic cull at the end of this season? That is at present to the detriment of HMFC - a detriment that will have a cataclysmic effect only when Romanov ceases to be Sugar Daddy (gets bored or decides he can't do it with provincial Hearts and moves for a bigger club at which point Hearts become Kaunas #2 ) . . .

Or HMFC finances become so outrageous that it puts UKIO Bankas in danger and Vlad gets toppled from his position there;

Or the Romanov empire collapses due to any myriad of financial dodgy dealings (I stress here that this is pure speculation ) and Romanov is jailed. Some bigger bank simply buys UKIO Bankas, the tap is switched off and the debt called in.

At this moment, as has been at all moments in the last couple of years, the outcome for HMFC is as clear as tar. Most likely for me is number three here, given that big banks buy small banks all the time. We all know that the Romanov era will end at some point, sooner or later. The evidence (announced debt) and media comment from this week all indicate, suggest and warn that the Romanov era will end at best with HMFC in a worse position than when he took over and at worst mortally wounded.

The only comment I have on that is - Heart of Midlothian Football Club were mortally wounded when Romanov took the reigns and it would be almost impossible for him to leave us in a worse state. Going bankrupt £20m in debt is as far as I can see no different from going bankrupt £100m in debt. Like I sa, I am no financial mind so comments on that statement are more than welcome. All would be lost under either scenario.

Where would we be right now if he had not taken over? Most likely scenario is ... in administration, playing St Johnstone at Murrayfield in front of 4,000 die-hard supporters.

Regardless of how crazy Romanov is, he is still very much our saviour, even if in five years the scenario above is exactly where we are.

The continuing Craig Gordon saga has also served to depress the Tynecastle faithful; our greatest on-field asset and in many ways only remaining favourite son appears now to be banished from the team for good. He will be sold in the summer and if we see him in a Hearts jersey before then we will be surprised.

It is just as well that Stevie Banks is a decent keeper or the depression would be bubbling into the manic for a lot of us Jambos. Banks is better than decent, in fact, and I have no concerns about him taking up the mantle as 1st choice. What bothers me is the abject waste of Craig Gordon, for all concerned!

For full report, more match reports rants and general haverings about HMFC visit JAMBOSFOREVER