Share Transfers Agreed/Cooling off period

[portycabbage]

No argument from me on this, I can't stand them and hope they get what the so rightly deserve. They do not deserve to be in the Scottish game never mind Division 1. They have not only brought the game into disrepute but they have also made a laughing stock of the Scottish game and thrown it further into the doldrums.

I know I won't loose any sleep if they never besmirch a football pitch ever again.

Clubs like that mob we can do without.

Adios, ciao goodbye, auf wiedersehen and good riddance to bad rubbish.

GGTTH

Fixed that for you!

[MADE IN LEITH]

Fixed that for you!

LOL :greengrin

[macca70]

So we know they have over 6000 pledges but how much does that equate to.

What a massive kick in the teeth to the creditors, they get a fraction of what they are due whilst the club starts to rake in 6000 x £50 per month = £300,000 per month.

I really can't come to terms with how this can be allowed. If they can't clear their debt in full, why should they be allowed to carry on trading.

Why don't we just do the same?! Buy a £1 million player then bump the £1 million loan we take out to fund the transfer fee.

[CropleyWasGod]

So we know they have over 6000 pledges but how much does that equate to.

What a massive kick in the teeth to the creditors, they get a fraction of what they are due whilst the club starts to rake in 6000 x £50 per month = £300,000 per month.

I really can't come to terms with how this can be allowed. If they can't clear their debt in full, why should they be allowed to carry on trading.

Why don't we just do the same?! Buy a £1 million player then bump the £1 million loan we take out to fund the transfer fee.

For one thing, i don't think that every pledger will be giving £50 per month.

For another, it's not "raking in". Once this season is over, that money would be going to pay off the club's debt to those who would be financing the buying of the club.

[Dunderhall]

So we know they have over 6000 pledges but how much does that equate to.

What a massive kick in the teeth to the creditors, they get a fraction of what they are due whilst the club starts to rake in 6000 x £50 per month = £300,000 per month.

I really can't come to terms with how this can be allowed. If they can't clear their debt in full, why should they be allowed to carry on trading.

Why don't we just do the same?! Buy a £1 million player then bump the £1 million loan we take out to fund the transfer fee.
It's about £19 average apparently, you would think the more recent pledgers are at the bottom end.
It's the admin process that allows them to dump the debt, but as others have said if they manage it then it won't be the hearts of old and a lot of their core support will struggle to grasp this.

If they do come out of admin, relegation or not makes a huge difference to them.
Season ticket prices either down or buyers much reduced. Away support income slashed.
sponsorship down, commercial income down, TV money maybe for game at home against the newco as they will be on most.

They will be paying off the debt for 5-6 years say, and having to be self sufficient. If it pans out its still a big hit for them. There is no guarantee they would come up at the first time of asking.

[AinsterHibs]

Whats all this "if they pull it off good luck to them" p1sh!?!? They are a shower of thieving, cheating, lying, ****bags, total filth from top to bottom as a club. **** them and i hope they get what they deserve and that is liquidation and years struggling to compete. I hope these comments coming from Hibbies is not a sign of a softening of attitudes towards them


Absolutely, death is dishonourable for the yak. Blend them, slice them, then send them to the winds of pain.

[macca70]

For one thing, i don't think that every pledger will be giving £50 per month.

For another, it's not "raking in". Once this season is over, that money would be going to pay off the club's debt to those who would be financing the buying of the club.

I doubt every pledger is paying £50 per month but I bet there are a fair few paying more than that and they seem to be indicating that its nearer 7000 pledgers and still rising so say the average pledge is £30 per month, that's 7000 x £30 = £210,000 per month.

So the folk buying the club will be getting repaid but some of the creditors that have provided them with goods or services will be lucky to get a few pence in the pound they are due. Absolute disgrace .

[BH Hibs]

Whats all this "if they pull it off good luck to them" p1sh!?!? They are a shower of thieving, cheating, lying, ****bags, total filth from top to bottom as a club. **** them and i hope they get what they deserve and that is liquidation and years struggling to compete. I hope these comments coming from Hibbies is not a sign of a softening of attitudes towards them

In a nutshell mate :top marks

[YehButNoBut]

Pinched this from the EN forum as thought it was an excellent summing up of the situation. :greengrin

Let me explain . .

The money raised by FANCO will be paid directly into BANKO.

BIDCO will then pay BDO and non-CVACO.

BIDCO will also pay NEW STANDCO, STAFFCO, probably COSTCO until BANKO says NONO.

BIDCO will urgently want FANCO to pay MOREDO.

BIDCO will sell STADCO to FLATSCO.

FANSCO will be up the creek without a COCO.

FoH will be told to FO.

So you've been TOLDSO.

[macca70]

Pinched this from the EN forum as thought it was an excellent summing up of the situation. :greengrin

Let me explain . .

The money raised by FANCO will be paid directly into BANKO.

BIDCO will then pay BDO and non-CVACO.

BIDCO will also pay NEW STANDCO, STAFFCO, probably COSTCO until BANKO says NONO.

BIDCO will urgently want FANCO to pay MOREDO.

BIDCO will sell STADCO to FLATSCO.

FANSCO will be up the creek without a COCO.

FoH will be told to FO.

So you've been TOLDSO.

Ha ha, Brilliant.

[CropleyWasGod]

I doubt every pledger is paying £50 per month but I bet there are a fair few paying more than that and they seem to be indicating that its nearer 7000 pledgers and still rising so say the average pledge is £30 per month, that's 7000 x £30 = £210,000 per month.

So the folk buying the club will be getting repaid but some of the creditors that have provided them with goods or services will be lucky to get a few pence in the pound they are due. Absolute disgrace .

Only one, perhaps two, of the creditors will be getting anything. The rest won't get anything.

[Coco Bryce]

Pinched this from the EN forum as thought it was an excellent summing up of the situation. :greengrin

Let me explain . .

The money raised by FANCO will be paid directly into BANKO.

BIDCO will then pay BDO and non-CVACO.

BIDCO will also pay NEW STANDCO, STAFFCO, probably COSTCO until BANKO says NONO.

BIDCO will urgently want FANCO to pay MOREDO.

BIDCO will sell STADCO to FLATSCO.

FANSCO will be up the creek without a COCO.

FoH will be told to FO.

So you've been TOLDSO.

Forgot Tesco.

Fanastico though.

[macca70]

Forgot Tesco.

Fanastico though.

It's certainly a FIASCO, with their fans going LOCO. Certainly not looking FANTASTICO or too MAGNIFICO if yer a Yam.

[jacomo]

It's about £19 average apparently, you would think the more recent pledgers are at the bottom end.
It's the admin process that allows them to dump the debt, but as others have said if they manage it then it won't be the hearts of old and a lot of their core support will struggle to grasp this.

If they do come out of admin, relegation or not makes a huge difference to them.
Season ticket prices either down or buyers much reduced. Away support income slashed.
sponsorship down, commercial income down, TV money maybe for game at home against the newco as they will be on most.

They will be paying off the debt for 5-6 years say, and having to be self sufficient. If it pans out its still a big hit for them. There is no guarantee they would come up at the first time of asking.

They'll have the Hun derby to look forward to in the 'Championship' next season, if they do go down.

Unfortunately, a recent result against another SPFL club has given them a glimmer of hope they can escape relegation. :rolleyes:

[YehButNoBut]

They'll have the Hun derby to look forward to in the 'Championship' next season, if they do go down.

Unfortunately, a recent result against another SPFL club has given them a glimmer of hope they can escape relegation. :rolleyes:

Hopefully their next 4 games will remove that glimmer, they have Aberdeen (H), ICT (A), Celtic (H) & Ross C (A) strong possibility they will get nothing from that lot which will knock the stuffing out of them and leave them well & truly anchored at the bottom.

Will help our cause if we pick up a few points at the same time. :greengrin

[Dunderhall]

They'll have the Hun derby to look forward to in the 'Championship' next season, if they do go down.

Unfortunately, a recent result against another SPFL club has given them a glimmer of hope they can escape relegation. :rolleyes:
I did say that will be their time for TV.
Only time will tell regarding their league position regardless of where they are just now.
However if they did survive admin, relegation or not will be critical to their recovery.

[FranckSuzy]

Wonder when the Evening News will give Hibs some free/ cheap advertising, perhaps for our charitable foundation, or the Leith Links initiative?

@The_FoH: Just had more good news. In support of #FOH @edinburghpaper plans to run ANOTHER full page advert in tomorrow's sports section. Magnificent!

:thumbsup: Cheers A!


http://leithlinks4kids.com/

https://www.facebook.com/LeithLinks4Kids

:thumbsup: I.

[hibees 7062]

Hopefully their next 4 games will remove that glimmer, they have Aberdeen (H), ICT (A), Celtic (H) & Ross C (A) strong possibility they will get nothing from that lot which will knock the stuffing out of them and leave them well & truly anchored at the bottom.

Will help our cause if we pick up a few points at the same time. :greengrin

Should be an interesting game :greengrin One Broonie will be looking forward to :aok:

[HUTCHYHIBBY]

Whats all this "if they pull it off good luck to them" p1sh!?!? They are a shower of thieving, cheating, lying, ****bags, total filth from top to bottom as a club. **** them and i hope they get what they deserve and that is liquidation and years struggling to compete. I hope these comments coming from Hibbies is not a sign of a softening of attitudes towards them

I concur.

[The Green Goblin]

Ian Murray is just the "face" of FOH. He doesn't have any responsibilities to the bid financially. He remains "independent"..

Like....."self sufficient" independent? :greengrin

[HibeesLA]

I doubt every pledger is paying £50 per month but I bet there are a fair few paying more than that and they seem to be indicating that its nearer 7000 pledgers and still rising so say the average pledge is £30 per month, that's 7000 x £30 = £210,000 per month.

So the folk buying the club will be getting repaid but some of the creditors that have provided them with goods or services will be lucky to get a few pence in the pound they are due. Absolute disgrace .

Nope, it'll be £51 :rolleyes:

[Moulin Yarns]

Nope, it'll be £51 :rolleyes:

Did anybody else notice that their Direct Debit figures excluded £70 and £62 :wink:

[Hibby Kay-Yay]

All us peg selling hobo's are forgetting that this BIDCO and FANCO deal is a "win-win" (Ian I'm an MP Murray) and that they'll soon be "back to where we should be in Scottish football"

Die diet huns die

[KdyHby]

Mate's cousin is cancelling his £10 dd to FOH/FANCO claiming he can no longer afford it :rotflmao::rotflmao:

[Treadstone]

Mate's cousin is cancelling his £10 dd to FOH/FANCO claiming he can no longer afford it :rotflmao::rotflmao:

Hibby or Yam ?

[Www1875hfc]

Mate's cousin is cancelling his £10 dd to FOH/FANCO claiming he can no longer afford it :rotflmao::rotflmao:

Next door neighbour cancelled his as well,told me yesterday his missus was giving him jip.

[#FromTheCapital]

Mate's cousin is cancelling his £10 dd to FOH/FANCO claiming he can no longer afford it :rotflmao::rotflmao:

I was forced to make the same heart wrenching decision with my £100 a month, gutted I really am :tee hee:

[Treadstone]

I was forced to make the same heart wrenching decision with my £100 a month, gutted I really am :tee hee:

FTC, have you considered the £51 option ?

[Bostonhibby]

Brother in law never followed through on his "pledge" he is one of those who thought making it then pulling out after they are "saved" was the way to do it!
Shame as the money would have compensated for the games he never goes to.
I suspect there will be many with a similar view to him.

[greenginger]

http://www.15min.lt/en/article/business/administrator-of-lithuania-s-ukio-bankas-expects-decision-hearts-fc-sale-this-month-527-362233

This is a better translation of yesterday's statement by the Ukio Bankas administrator published by the Baltic News Service.

The Lith. admin does not seem to agree with the decision to make FoH preferred bidders so , as we saw with DeadCo, things can still be changed.

Anyway, end of the month, not too long until Judgement Day !

[#FromTheCapital]

FTC, have you considered the £51 option ?

No but I have considered the 'Steam off ma pish' option and decided not to bother with that either

[Treadstone]

No but I have considered the 'Steam off ma pish' option and decided not to bother with that either

If I knew that was an option I would have phantom pledged myself.

[LongshanksED]

http://www.15min.lt/en/article/business/administrator-of-lithuania-s-ukio-bankas-expects-decision-hearts-fc-sale-this-month-527-362233

This is a better translation of yesterday's statement by the Ukio Bankas administrator published by the Baltic News Service.

The Lith. admin does not seem to agree with the decision to make FoH preferred bidders so , as we saw with DeadCo, things can still be changed.

Anyway, end of the month, not too long until Judgement Day !

Quite like this bit at the end

"However, Adomonis told BNS that he could not confirm this.

„We can't say at the moment that this offer is the best,“ he said."

[big-mo]

When are we going to be told who these 'Edinburgh Businessmen' are that are supplying this interest free money to FoH? Until then we will not know which local companies to boycott.

[Treadstone]

When are we going to be told who these 'Edinburgh Businessmen' are that are supplying this interest free money to FoH? Until then we will not know which local companies to boycott.

They will remain anonymous. However if they are successful with their bid watch the yams change their service providers soon after.

[Bostonhibby]

When are we going to be told who these 'Edinburgh Businessmen' are that are supplying this interest free money to FoH? Until then we will not know which local companies to boycott.

You should be able to at least rule out the ones they bumped last time? Surely nobody's that daft? Oh wait a minute.

Pretty sure the names will leak eventually, the yam are bound to start paying Vlad style tributes to these new demi-gods who are actually only giving them a cut price deferred loan, yam class.

[KdyHby]

Hibby or Yam ?

Yam :hahaha:

[HUTCHYHIBBY]

When are we going to be told who these 'Edinburgh Businessmen' are that are supplying this interest free money to FoH? Until then we will not know which local companies to boycott.

Edinburgh Evening News are one of them surely, they are not bending over backwards to offer kicks4kids etc free full page adverts.

[Gus Fring]

Edinburgh Evening News are one of them surely, they are not bending over backwards to offer kicks4kids etc free full page adverts.

The adverts are free but each time the Evening News prints one they ask the FOH to make a donation to the Sick Kids.

[HUTCHYHIBBY]

Much as i hate to say it, fair enough.











I suppose. :-)

[Moulin Yarns]

When are we going to be told who these 'Edinburgh Businessmen' are that are supplying this interest free money to FoH? Until then we will not know which local companies to boycott.

Need to get Ally McCoist to ask the question.

[Kato]

http://www.heraldscotland.com/mobile/sport/football/foundation-address-fans-unease-over-anonymity.21920567?_=f1e75747bc4c6d0b16f0d429b76d2 3f1c06153a9

"HEARTS supporters have been misled so many times in recent years by those who claim to be working in the club's best interests that they are entitled to feel slightly apprehensive at being asked to make yet another leap of faith."

They won't ask any questions at all. The levels of gullibility are as high as any time in the past and they carry on with their "believe" crap no matter what. Personally I reckon its Chris Robinson and Vladimir Romanov who are behind Bidco. Their fans would sign up to Twatco if the EEN put up a poppy Logo beside the hearts badge to promote it.


Edinburgh Evening News are one of them surely, they are not bending over backwards to offer kicks4kids etc free full page adverts.

Add kicks4kids to their creditors then.

[Ozyhibby]

The adverts are free but each time the Evening News prints one they ask the FOH to make a donation to the Sick Kids.

More than likely they just pledge. Cold hard cash. Unlikely. They're Yams.

[clerriehibs]

Much as i hate to say it, fair enough.



I suppose. :-)

maybe they don't donate though, and just 'pledge' to donate? Money actually being handed over isn't a homfc thing, really.

[Treadstone]

Let there be no doubt, Ian Murray is a politician. Not 50/50. Not 99%, but the less well known 80%.

Barry Anderson ‏@BarryAnderson_8 (https://twitter.com/BarryAnderson_8)9m (https://twitter.com/BarryAnderson_8/status/369767877597233152)
Foundation of Hearts chairman @IanMurrayMP (https://twitter.com/IanMurrayMP) is 80 per cent confident of agreeing a CVA to take #HMFC (https://twitter.com/search?q=%23HMFC&src=hash) out of administration. See today's EN.

[Hibby Kay-Yay]

What does allisbarry know about quoting numbers with Hearts?? this could be only 8% in reality!

[Waxy]

Are barry anderson and ian murray related?
Twitchco

Seriously
I will never buy the Edinburgh evening news again.
Teaching us that we should support companies who steal money from local businesses.
Also we should support them in their efforts to dump almost all their 29m debt?
The evening news have no morals.

[CropleyWasGod]

Latest documents lodged at Companies House by BDO.

At first sight, nothing out of the ordinary. Just a technical change about BDO's remuneration. Happy for someone else to read through it all, though. :greengrin

10858

10859

[AinsterHibs]

Latest documents lodged at Companies House by BDO.

At first sight, nothing out of the ordinary. Just a technical change about BDO's remuneration. Happy for someone else to read through it all, though. :greengrin

10858

10859

Could not help but notice "Ransom Payments", who is being held to ransom - we do not negotiate with terrorists. :cb

[Keith_M]

Latest documents lodged at Companies House by BDO.

At first sight, nothing out of the ordinary. Just a technical change about BDO's remuneration. Happy for someone else to read through it all, though. :greengrin

10858

10859


Have they changed their minds about only being paid upon a sale of the club/assets and are taking money from the 'donations'/'STs instead? That's the only thing I want to hear, please be true :greengrin

[jacomo]

When are we going to be told who these 'Edinburgh Businessmen' are that are supplying this interest free money to FoH? Until then we will not know which local companies to boycott.


Let there be no doubt, Ian Murray is a politician. Not 50/50. Not 99%, but the less well known 80%.

Barry Anderson ‏@BarryAnderson_8 (https://twitter.com/BarryAnderson_8)9m (https://twitter.com/BarryAnderson_8/status/369767877597233152)
Foundation of Hearts chairman @IanMurrayMP (https://twitter.com/IanMurrayMP) is 80 per cent confident of agreeing a CVA to take #HMFC (https://twitter.com/search?q=%23HMFC&src=hash) out of administration. See today's EN.

In this article Ian Murray says that the backers will become public if the CVA is successful, and that there is "a handful" of them.

[Hibby Kay-Yay]

Latest documents lodged at Companies House by BDO.

At first sight, nothing out of the ordinary. Just a technical change about BDO's remuneration. Happy for someone else to read through it all, though. :greengrin

10858

10859

My take on it is the Liths admin are now in complete control over money.

I'm still on the Liquidation boat as the final destination for them though.

[lapsedhibee]

In this article Ian Murray says that the backers will become public if the CVA is successful, and that there is "a handful" of them.

Six then.

[StevieC]

Latest documents lodged at Companies House by BDO.

At first sight, nothing out of the ordinary. Just a technical change about BDO's remuneration. Happy for someone else to read through it all, though. :greengrin

10858

10859

It seems that, upon instruction from UKIO's administrators, BDO will be taking their fees from the current funds .. rather than from the sale of the assets.

My understanding is that the current funds are basically the season ticket sales that BDO stated would be used to keep the club going until January 2014, and provide an opportunity for additional funding to be found in that time to allow the club to trade till the end of the season.

If UKIO's administrators have instructed BDO to use these funds for their fee's, then would that suggest that they are more interested in maximising their return from the sale of Tynecastle than seeing the club continue trading?

[CropleyWasGod]

It seems that, upon instruction from UKIO's administrators, BDO will be taking their fees from the current funds .. rather than from the sale of the assets.

My understanding is that the current funds are basically the season ticket sales that BDO stated would be used to keep the club going until January 2014, and provide an opportunity for additional funding to be found in that time to allow the club to trade till the end of the season.

If UKIO's administrators have instructed BDO to use these funds for their fee's, then would that suggest that they are more interested in maximising their return from the sale of Tynecastle than seeing the club continue trading?

I didn't read it as that, Stevie.

I think it's the "disbursements" that they can draw from current funds; that's expenses that BDO have paid out from their own pocket. The fees can't be drawn until UKIO's admins can say so.

[monktonharp]

When are we going to be told who these 'Edinburgh Businessmen' are that are supplying this interest free money to FoH? Until then we will not know which local companies to boycott. well, let's hope city cabs come out with a statement then:cb


The adverts are free but each time the Evening News prints one they ask the FOH to make a donation to the Sick Kids. AW, you've got me greetin' now

[Future17]

In this article Ian Murray says that the backers will become public if the CVA is successful, and that there is "a handful" of them.


Six then.

:greengrin

[Treadstone]

Six then.

:not worth

[Ozyhibby]

well, let's hope city cabs come out with a statement then:cb

I'm putting the Central number into my phone straight away. No way I could support giving money to them.

[StevieC]

I didn't read it as that, Stevie.

I think it's the "disbursements" that they can draw from current funds; that's expenses that BDO have paid out from their own pocket. The fees can't be drawn until UKIO's admins can say so.

Ah right, got you, accountant speak thrown in to confuse us. :greengrin

That's a shame.

[brog]

I didn't read it as that, Stevie.

I think it's the "disbursements" that they can draw from current funds; that's expenses that BDO have paid out from their own pocket. The fees can't be drawn until UKIO's admins can say so.

Correct! However I found it interesting that UKIO found it necessary to strengthen the clauses to ensure BDO cannot collect any fees without their (UKIO ) specific approval. Sounds to me like UKIO may not have complete faith in BDO, correctly IMO.

[monktonharp]

It seems that, upon instruction from UKIO's administrators, BDO will be taking their fees from the current funds .. rather than from the sale of the assets.

My understanding is that the current funds are basically the season ticket sales that BDO stated would be used to keep the club going until January 2014, and provide an opportunity for additional funding to be found in that time to allow the club to trade till the end of the season.

If UKIO's administrators have instructed BDO to use these funds for their fee's, then would that suggest that they are more interested in maximising their return from the sale of Tynecastle than seeing the club continue trading? that's the way I read it too Stevie. bdo drawing a wage while doing a job. my next thought was on the lines of.....at least getting a payment of sorts, beforw it all goes tits up and the remaining monies are tied up for years through law suits etc. but....i'm not CWG'S apprentice.:wink:

[CropleyisGod]

can one of the financial experts please re-assure me that what I'm about to say is fatally flawed...

1. FoH can get 5/6 rich business people or businesses to stump up say £5-6m in total
2. They successfully bid £5+m for YAM FC as a going concern, including the Asbestos Arena removing the UB security over the property
3. UB and UBIG agree the CVA as a) they are effectively both controlled by the Lithuanian state and b) together they own 79.9% of the total equity (everyone else gets shafted)
4. End result: effectively 'transfer' of the security on the Wongadome from UB to the 'Rich-Yams-R-Us' collective, loans paid with pledges and future footballing revenue. They struggle but keep afloat, gloating their wee Jambo faces off. At worst if they get into more financial difficulty they sell the Wongadome off and stagger on. At best (for them), now debt free, super rich Yam (or Romanov 2) comes in to start it all again.

[Suburban Hibby]

I'm putting the Central number into my phone straight away. No way I could support giving money to them.

No way anyone with an ounce of common decency should support Scab cabs anyway!!!

Sorry to digress from thread....

[hibees 7062]

No way anyone with an ounce of common decency should support Scab cabs anyway!!!

Sorry to digress from thread....

Correct :agree:

[Gus Fring]

can one of the financial experts please re-assure me that what I'm about to say is fatally flawed...

I'll have a go.


1. FoH can get 5/6 rich business people or businesses to stump up say £5-6m in total

The FOH already have their business, it's not close to £5m at the moment nor is it likely to be


2. They successfully bid £5+m for YAM FC as a going concern, including the Asbestos Arena removing the UB security over the property

See #1


3. UB and UBIG agree the CVA as a) they are effectively both controlled by the Lithuanian state and b) together they own 79.9% of the total equity (everyone else gets shafted)

The UKIO administrator has intimated today that the current offer is unlikely to be acceptable (depending on how you interpret the quote) It's still incredibly unlikely UBIG will agree to anything as the assets are still frozen. I'm going to bold the next part because it is, at the moment, the most important part in the entire saga and I'd like to to "jump" off the page.

UNTIL VLADS ASSETS ARE UNFROZEN, THE SUCCESSFUL SALE OF HEART OF MIDLOTHIAN FOOTBALL CLUB AS A GOING CONCERN IS IMPOSSIBLE.

[Phil D. Rolls]

No way anyone with an ounce of common decency should support Scab cabs anyway!!!

Sorry to digress from thread....

I always check whether its a victor before I hail a cab at 1 am. On occasion I have even asked to get out if I have gotten into one by mistake.

[LongshanksED]

As i drive with city cabs I'd be interested to know why the dissent for city cabs

[Pete]

I always check whether its a victor before I hail a cab at 1 am. On occasion I have even asked to get out if I have gotten into one by mistake.

You're missing out by ruling out a peter.

They have been known to offer massive discounts in order to secure your business.

[hibees 7062]

You're missing out by ruling out a peter.

They have been known to offer massive discounts in order to secure your business.

And one of their drivers done me a massive favour and took my wife from me :aok:

[Fife-Hibee]

You're missing out by ruling out a peter.

They have been known to offer massive discounts in order to secure your business.

Eh?

[LongshanksED]

Still like to know why there's a massive love in for central taxis and dissent for city

[Dashing Bob S]

I'll have a go.



The FOH already have their business, it's not close to £5m at the moment nor is it likely to be



See #1



The UKIO administrator has intimated today that the current offer is unlikely to be acceptable (depending on how you interpret the quote) It's still incredibly unlikely UBIG will agree to anything as the assets are still frozen. I'm going to bold the next part because it is, at the moment, the most important part in the entire saga and I'd like to to "jump" off the page.

UNTIL VLADS ASSETS ARE UNFROZEN, THE SUCCESSFUL SALE OF HEART OF MIDLOTHIAN FOOTBALL CLUB AS A GOING CONCERN IS IMPOSSIBLE.

This, this and this again. Expect 'Mr 80%' Ian Murray to front another cash appeal saying something along the lines of, "we need money to keep going until the assets are frozen, which I'm 80% confident will happen before Christmas..."

[HibbySpurs]

Still like to know why there's a massive love in for central taxis and dissent for city

I think some people feel CC favour the yaks, my understanding is that they do in fact support both clubs?

[Ozyhibby]

Still like to know why there's a massive love in for central taxis and dissent for city

It's been claimed City are helping out the FoH. Good enough for me. Boycott on.

[lord bunberry]

Still like to know why there's a massive love in for central taxis and dissent for city

Bitterness and envy my friend :greengrin

[Treadstone]

This, this and this again. Expect 'Mr 80%' Ian Murray to front another cash appeal saying something along the lines of, "we need money to keep going until the assets are frozen, which I'm 80% confident will happen before Christmas..."

You've got that wrong Bob. I'm sure he was 80% confident there would be a Christmas this year.

[Keith_M]

You've got that wrong Bob. I'm sure he was 80% confident there would be a Christmas this year.

Not for the Yams

[greenginger]

Been having a thought on those not for profit loans that are to be made by companies to provide funds for the purchase of HOMFC.

If its not a business transaction should these business funds not be treated as director loans when the companies concerned get round to HMRC reporting.

Is it Class 4 National Insurance that comes into play ? Quite hefty charges IIRC.

[Suburban Hibby]

Still like to know why there's a massive love in for central taxis and dissent for city

Reputable v Bed Partners with crooks.......

Bit like Hibs v Hearts tbh..... I am sure the average yam would choose city everytime.....

[CropleyWasGod]

Been having a thought on those not for profit loans that are to be made by companies to provide funds for the purchase of HOMFC.

If its not a business transaction should these business funds not be treated as director loans when the companies concerned get round to HMRC reporting.

Is it Class 4 National Insurance that comes into play ? Quite hefty charges IIRC.

Think you have mixed up a few things there.

A loan from an individual, or a company, to another company (or Special Purpose Vehicle, as MP Murray says. I mean...WTF?... SPV... sounds like something out of Captain Scarlet. I digress) is, in the main, irrelevant for Tax or National Insurance. It doesn't matter whether it's a "business" or a "private" loan.

If there is interest involved, and we don't yet know if that's the case here, FannyCo has to deduct tax from the interest it pays to BumCo, and then paid it over to HMRC-Co.


can one of the financial experts please re-assure me that what I'm about to say is fatally flawed...

1. FoH can get 5/6 rich business people or businesses to stump up say £5-6m in total
2. They successfully bid £5+m for YAM FC as a going concern, including the Asbestos Arena removing the UB security over the property
3. UB and UBIG agree the CVA as a) they are effectively both controlled by the Lithuanian state and b) together they own 79.9% of the total equity (everyone else gets shafted)
4. End result: effectively 'transfer' of the security on the Wongadome from UB to the 'Rich-Yams-R-Us' collective, loans paid with pledges and future footballing revenue. They struggle but keep afloat, gloating their wee Jambo faces off. At worst if they get into more financial difficulty they sell the Wongadome off and stagger on. At best (for them), now debt free, super rich Yam (or Romanov 2) comes in to start it all again.

I don't actually see, yet, why UBIG would agree to a CVA. They are in line to get nothing.

If they don't agree to it, the CVA fails. There would not be a 75% vote in favour of it.

[Phil D. Rolls]

Eh?

The different companies have different cab numbers, using the phonetic alphabet.

Central is P for Peter.

Anyone wanting to boycott City Cabs should check they don't have a V for victor in their window.

Simples.

[Liberal Hibby]

I don't actually see, yet, why UBIG would agree to a CVA. They are in line to get nothing.

If they don't agree to it, the CVA fails. There would not be a 75% vote in favour of it.

Do UBIG have the whole 75%? I was wondering whether HMRC + one or two other larger unsecured creditors would have 25% between them to block a CVA even if UBIG were minded to support one (given they're now essentially the Lithuanian government who will be guaranteed something through UB).

[LongshanksED]

So City Cabs advertising on the hibs official websites + donating to Kicks For Kids = City Cabs are backing Hearts and their financial troubles

Check out the advert at the bottom of the page!
http://www.hibernianfc.co.uk/news/20120816/hibernian-sign-kuqi_2262950_2887405

[Part/Time Supporter]

I don't actually see, yet, why UBIG would agree to a CVA. They are in line to get nothing.

If they don't agree to it, the CVA fails. There would not be a 75% vote in favour of it.

The Times article on Saturday suggested that UBIG would get a "five figure sum" for selling their shares in return for approving a CVA. Thinking was they would (have to?) accept that as they would most likely get nothing under liquidation.


Do UBIG have the whole 75%? I was wondering whether HMRC + one or two other larger unsecured creditors would have 25% between them to block a CVA even if UBIG were minded to support one (given they're now essentially the Lithuanian government who will be guaranteed something through UB).

Yes (indirectly).

Total debt is £28.5M. Ukio has £15M secured - that leaves £13.5M. UBIG were at about £8M (it was thought to be £10M but some was passed off to other Romanov companies). That's about 60% of the unsecured total.

BUT Ukio is not going to get the full £15M - let's say they only get £5M. Their remaining £10M would join the unsecured pile. Then Ukio + UBIG would be £18M out of an unsecured total £23.5M = 76.6%.

Even if theoretically UBIG and/or Ukio were just short of 75%, a CVA would most likely pass. The only party that is by policy hostile to CVAs is HMRC, who are owed "only" £1.5M or just over 11% of the present unsecured total.

[happiehibbie]

i will try to make this simple

I will buy your house and pay you up monthly with a Direct debit HONEST !!

so the first pledges are due the 2nd September I wonder how many will come up trumphs wait till there partners find out that there other half has decided to buy a share in a football team and have no money for food or a holiday i would like to be a fly on the wall i these houses

NEW CO its a cert

[CropleyWasGod]

Do UBIG have the whole 75%? I was wondering whether HMRC + one or two other larger unsecured creditors would have 25% between them to block a CVA even if UBIG were minded to support one (given they're now essentially the Lithuanian government who will be guaranteed something through UB).


HMRC don't have enough on their own. From memory, unsecured creditors are about £22m, which means £5.5m would have to vote against, or abstain. HMRC have about £2m, and they will vote No out of policy. However, I don't know why anyone else would..... other than awkwardness.

[CropleyWasGod]

The Times article on Saturday suggested that UBIG would get a "five figure sum" for selling their shares in return for approving a CVA. Thinking was they would (have to?) accept that as they would most likely get nothing under liquidation.



Yes (indirectly).

Total debt is £28.5M. Ukio has £15M secured - that leaves £13.5M. UBIG were at about £8M (it was thought to be £10M but some was passed off to other Romanov companies). That's about 60% of the unsecured total.

BUT Ukio is not going to get the full £15M - let's say they only get £5M. Their remaining £10M would join the unsecured pile. Then Ukio + UBIG would be £18M out of an unsecured total £23.5M = 76.6%.

Even if theoretically UBIG and/or Ukio were just short of 75%, a CVA would most likely pass. The only party that is by policy hostile to CVAs is HMRC, who are owed "only" £1.5M or just over 11% of the present unsecured total.

UKIO's security is for £6.8m, no?

I didn't see that Times article.... but, that's the only way UBIG would allow the CVA, I reckon. That must bump the price up again.

[Just Alf]

I didn't read it as that, Stevie.

I think it's the "disbursements" that they can draw from current funds; that's expenses that BDO have paid out from their own pocket. The fees can't be drawn until UKIO's admins can say so.


Hmmm.... so while not as dramatic as BDO getting paid the fee's from current funds, the fact that "disbursements" are being taken from these funds (I take it to maximise what's left after a sale) then this could be seen as an extra financial drain on the Yam's already limited finances?

If that's the case then it makes a decision, one way or another, more likley to happen sooner rather than later?? :confused:

[Liberal Hibby]

HMRC don't have enough on their own. From memory, unsecured creditors are about £22m, which means £5.5m would have to vote against, or abstain. HMRC have about £2m, and they will vote No out of policy. However, I don't know why anyone else would..... other than awkwardness.

I could see if people were getting 1p in the £ why they might vote yes on the basis it's that or nothing - but if you're asked to accept 0p in the £ wouldn't you want to teach them a lesson? You don't have even pennies to lose.

[CropleyWasGod]

Hmmm.... so while not as dramatic as BDO getting paid the fee's from current funds, the fact that "disbursements" are being taken from these funds (I take it to maximise what's left after a sale) then this could be seen as an extra financial drain on the Yam's already limited finances?

If that's the case then it makes a decision, one way or another, more likley to happen sooner rather than later?? :confused:

It's "only" about £3k thus far.

[Just Alf]

I could see if people were getting 1p in the £ why they might vote yes on the basis it's that or nothing - but if you're asked to accept 0p in the £ wouldn't you want to teach them a lesson? You don't have even pennies to lose.

This is ANOTHER interesting twist that the YAMS seem to be missing....

As i see it, the Lith Government are ultimatly the main creditor... in terms of the UBIG element they (the UBIG Admins) could push for a "meaningful" price for the shares to squeeze some more money out of the situation.... "or else we won't accept the 0 pence CVA" .....

All that's assuming that the Lith Gov actually free up the shares.


It's "only" about £3k thus far.


:boo hoo:

[Fife-Hibee]

The different companies have different cab numbers, using the phonetic alphabet.

Central is P for Peter.

Anyone wanting to boycott City Cabs should check they don't have a V for victor in their window.

Simples.

Yeah i know what the P stood for, just never saw them giving a discount :-)

[Keith_M]

Gonnae shut up about bl**dy taxis and tell us something interesting about Hawrts demise!





Thanks :greengrin

[lord bunberry]

So City Cabs advertising on the hibs official websites + donating to Kicks For Kids = City Cabs are backing Hearts and their financial troubles

Check out the advert at the bottom of the page!
http://www.hibernianfc.co.uk/news/20120816/hibernian-sign-kuqi_2262950_2887405
There was a thread a while ago calling for a boycott of city cabs as they were donating money to foh, it turned out they were actually donating money to the big hearts charity. As you point out they also donate to hibs charities, but its become a bit of a running joke since then.

[Suburban Hibby]

There was a thread a while ago calling for a boycott of city cabs as they were donating money to foh, it turned out they were actually donating money to the big hearts charity. As you point out they also donate to hibs charities, but its become a bit of a running joke since then.

Reputable v Bed Partners with crooks.......

Bit like Hibs v Hearts tbh..... I am sure the average yam would choose city everytime.....

Still doesn't change the above though....

Sorry - no more taxi posts

[Jack]

Admin.

Can we keep the title of the thread a little less hopeful for them while keeping it honest?

Instead of (FOH named preferred bidder) maybe (FOH bid not even close)

[therealgavmac]

Think you have mixed up a few things there.

A loan from an individual, or a company, to another company (or Special Purpose Vehicle, as MP Murray says. I mean...WTF?... SPV... sounds like something out of Captain Scarlet. I digress) is, in the main, irrelevant for Tax or National Insurance. It doesn't matter whether it's a "business" or a "private" loan.

If there is interest involved, and we don't yet know if that's the case here, FannyCo has to deduct tax from the interest it pays to BumCo, and then paid it over to HMRC-Co.



I don't actually see, yet, why UBIG would agree to a CVA. They are in line to get nothing.

If they don't agree to it, the CVA fails. There would not be a 75% vote in favour of it.

:agree:

10863

[brog]

The DR this morning has these 2 statements in different articles on the same page.
1. The loaned cash will be repaid to the businessmen ------ with only the interest they'd have collected had their money remained in their bank accounts.
2. Murray revealed the group of wealthy business people ----- have pledged to fund the CVA in the form of an interest free loan.

The same "journo" David McCarthy wrote both articles, wonderful! Personally I believe #1 is far more credible. They're also still trying to perpetrate the developer reputation myth. "'If any developer is willing to take the risk of their reputation being hammered by being becoming known sic! as the man who flattened Tynecastle! " I don't know who's worse, Murray or the MSM, they deserve each other.

[Bostonhibby]

This is ANOTHER interesting twist that the YAMS seem to be missing....

As i see it, the Lith Government are ultimatly the main creditor... in terms of the UBIG element they (the UBIG Admins) could push for a "meaningful" price for the shares to squeeze some more money out of the situation.... "or else we won't accept the 0 pence CVA" .....

All that's assuming that the Lith Gov actually free up the shares.

Interesting point, and so long as the Liths don't have an "independent" minded equivalent of "independent" Ian Murray MP hopefully they will just do what is right for their electorate and those who have been robbed, just like Murray really.........

[Eyrie]

I could see if people were getting 1p in the £ why they might vote yes on the basis it's that or nothing - but if you're asked to accept 0p in the £ wouldn't you want to teach them a lesson? You don't have even pennies to lose.

If the votes are made public it could be very tricky for a small local business if they voted against the CVA and alienated 400,000 potential customers.

[Bostonhibby]

If the votes are made public it could be very tricky for a small local business if they voted against the CVA and alienated 400,000 potential customers.

Not realLy as by the time the various appeals are over none of them will have any money left!

[The Green Goblin]

#80%is barry

[MADE IN LEITH]

Surrounding the Jambo meltdown, I am personally sick to the back teeth of hearing about it at work, on TV and in the newspapers, you simply can't escape it.

Furthermore, the hedonist has raised his ugly head once again, how many times must we suffer his self-sanctimonious speeches under the face of charlatan. But its the maggots and sycophants I really loath the most who jockey for a piece of the limelight with their pledges to "Save our Hearts". The Circus did not die when administration kicked in, the Circus has graduated to a new and disgusting level.

[steviehibsleith]

Surrounding the Jambo meltdown, I am personally sick to the back teeth of hearing about it at work, on TV and in the newspapers, you simply can't escape it.

Furthermore, the hedonist has raised his ugly head once again, how many times must we suffer his self-sanctimonious speeches under the face of charlatan. But its the maggots and sycophants I really loath the most who jockey for a piece of the limelight with their pledges to "Save our Hearts". The Circus did not die when administration kicked in, the Circus has graduated to a new and disgusting level.





Just you get it off your chest Sir Lawrence Olivier you will feel better in the morning dear chap.

[monktonharp]

There was a thread a while ago calling for a boycott of city cabs as they were donating money to foh, it turned out they were actually donating money to the big hearts charity. As you point out they also donate to hibs charities, but its become a bit of a running joke since then.aye, he did point it out and I've had a look at the advert. but, where does it explain what it does for "kicks for kids" ? other adverts have info, but this one:confused: anyhoo, nae city cabs fur me.they can help foh if they want, or big hearts if they're daft enough

[Kato]

Surrounding the Jambo meltdown, I am personally sick to the back teeth of hearing about it at work, on TV and in the newspapers, you simply can't escape it.

Furthermore, the hedonist has raised his ugly head once again, how many times must we suffer his self-sanctimonious speeches under the face of charlatan. But its the maggots and sycophants I really loath the most who jockey for a piece of the limelight with their pledges to "Save our Hearts". The Circus did not die when administration kicked in, the Circus has graduated to a new and disgusting level.









Chillax, dude.

[big gogs]

i read ian murray yesterday,regarding building on tynecastle,i have worked for one of the biggest house builders for 17 years,in that time profit has always taken priority over sentiment.should ian murray be looking at the people who are guilty of bringing romanov to hearts instead of more propoganda,

[joe breezy]

As a Londoner the only place I read about it is here....

As the Grolsch man used to say "shtop - itsh not ready yet"

It will be soon enough

[dangermouse]

The different companies have different cab numbers, using the phonetic alphabet.

Central is P for Peter.

Anyone wanting to boycott City Cabs should check they don't have a V for victor in their window.

Simples.

A Pedant writes P is for Papa

[greenginger]

i read ian murray yesterday,regarding building on tynecastle,i have worked for one of the biggest house builders for 17 years,in that time profit has always taken priority over sentiment.should ian murray be looking at the people who are guilty of bringing romanov to hearts instead of more propoganda,


Murray just spouts un-informed crap typical of clueless politicians.

If Tynecastle was taken over for a development site the first thing would be to get a demolition contractor in to clear the site. ( reputations don't count in that trade )

It would be a cleared site that the Developer would be taking on and the memory of a football club once playing there would be a fast fading memory and no fault could be attached to any site purchaser.

Murray clutching at straws, someone should ask him if he has any concerns about the cash owed to the Big Hearts Charity as it never seemed to get a mention anywhere but Hibs.net.

[joe breezy]

I'm not so sure about it being just another building site - would it not be the case of still having a memorial garden where the pitch is for respect of those whose ashes are there?

That's why happened at Arsenal anyway...

Although I think Love Street may just be a Tesco?

[Ryan69]

im no legal expert but...if the council are a creditor and Murray work for the council. Is that not a conflict of interest? As hes trying to short change the ones that are paying him?

Im probably wrong like,but seems that way

[Treadstone]

im no legal expert but...if the council are a creditor and Murray work for the council. Is that not a conflict of interest? As hes trying to short change the ones that are paying him?

Im probably wrong like,but seems that way

Murray doesn't work for the council.

Think of him more as 20% gobsh*** and 80% knitted cardigan.

[JeMeSouviens]

I'm not so sure about it being just another building site - would it not be the case of still having a memorial garden where the pitch is for respect of those whose ashes are there?

That's why happened at Arsenal anyway...

Although I think Love Street may just be a Tesco?

Love St is a Tesco, Hamilton Accies' old Douglas Park is a Sainsburys, Airdrie's Broomfield is a Morrisson's and St Johnstone's Muirton Park is an Asda.

Maybe Tiny could be a Lidl? :wink:

[Hibs07p]

The DR this morning has these 2 statements in different articles on the same page.
1. The loaned cash will be repaid to the businessmen ------ with only the interest they'd have collected had their money remained in their bank accounts.
2. Murray revealed the group of wealthy business people ----- have pledged to fund the CVA in the form of an interest free loan.

The same "journo" David McCarthy wrote both articles, wonderful! Personally I believe #1 is far more credible. They're also still trying to perpetrate the developer reputation myth. "'If any developer is willing to take the risk of their reputation being hammered by being becoming known sic! as the man who flattened Tynecastle! " I don't know who's worse, Murray or the MSM, they deserve each other.

Bandersons take, ( I know ) on Murrays quote, in last nights EEN. Is this just a typical Banderson getting it wrong moment, or letting something slip out that FOH would rather keep quiet?

http://www.edinburghnews.scotsman.com/sport/football/hearts/foh-set-out-next-steps-for-crisis-hit-hearts-1-3053624

“The third one is to get business people who are Hearts-minded, who want to do this for no personal return, ...... a good way forward.”

That the Foundation’s 
backers will make little gain on their investment is seen as a huge positive for Hearts. “That’s why it’s the best deal and I hope people can see this is the best way forward,” says Murray. “It was always going to be the case that you can’t buy a football club with direct debits, regardless of how many you have, there was always going to have to be a capitalisation of that revenue.

GGTTH

[Speedway]

So, in summary, what are the % chances of Hearts going into Liquidation in 2013 as things presently stand, all being well, subject to change etc?

[Judas Iscariot]

So, in summary, what are the % chances of Hearts going into Liquidation in 2013 as things presently stand, all being well, subject to change etc?

62%

[JeMeSouviens]

So, in summary, what are the % chances of Hearts going into Liquidation in 2013 as things presently stand, all being well, subject to change etc?

There are 4 ways to liquidation for them:

1. Ukio admin not satisfied with improved offer for security over Tiny.
2. UBIG admin (once appointed) not satisfied with CVA offer (0p/£).
3. UBIG admin unwilling or unable to sell shares (currently frozen).
4. Run out of cash attempting to overcome 1-3.

Looks a pretty tall order to me. The Ukio admin wants this sorted sooner rather than later and my speculative hunch is that the rumoured £5M is their compromise bottom line. Can't see the muppets getting to that so liquidation still looks most likely to me.

[GREEN WARLORD]

There are 4 ways to liquidation for them:

1. Ukio admin not satisfied with improved offer for security over Tiny.
2. UBIG admin (once appointed) not satisfied with CVA offer (0p/£).
3. UBIG admin unwilling or unable to sell shares (currently frozen).
4. Run out of cash attempting to overcome 1-3.

Looks a pretty tall order to me. The Ukio admin wants this sorted sooner rather than later and my speculative hunch is that the rumoured £5M is their compromise bottom line. Can't see the muppets getting to that so liquidation still looks most likely to me.

Music to my ears :pray:

[lapsedhibee]

I'm not so sure about it being just another building site - would it not be the case of still having a memorial garden where the pitch is for respect of those whose ashes are there?


I always wondered why you never see flats being built on the surface of the sea.

[magpie1892]

I'm not so sure about it being just another building site - would it not be the case of still having a memorial garden where the pitch is for respect of those whose ashes are there?

Depends on the club and what gets built there. Brockville is a supermarket, as is Broomfield, but what was formerly Ayresome Park has a little centre spot garden thingy. There's no obligation to provide a memorial.

[brog]

Bandersons take, ( I know ) on Murrays quote, in last nights EEN. Is this just a typical Banderson getting it wrong moment, or letting something slip out that FOH would rather keep quiet?

http://www.edinburghnews.scotsman.com/sport/football/hearts/foh-set-out-next-steps-for-crisis-hit-hearts-1-3053624

“The third one is to get business people who are Hearts-minded, who want to do this for no personal return, ...... a good way forward.”

That the Foundation’s 
backers will make little gain on their investment is seen as a huge positive for Hearts. “That’s why it’s the best deal and I hope people can see this is the best way forward,” says Murray. “It was always going to be the case that you can’t buy a football club with direct debits, regardless of how many you have, there was always going to have to be a capitalisation of that revenue.

GGTTH

What a surprise, Banderson & McCarthy contradicting themselves at the same time. McCarthy I believe captures it correctly in one statement when he says "interest at what they could collect in their own bank a/c's". Base rates at present are 0.5% but a 3 or 4 year high value bond could attract 2 to 3 %. I suspect these Yam minded persons will be at the higher end of the scale, seeing it as a win/win, ie they gain on interest rate & Yams get a lower rate than they could from a bank ( if any bank was prepared to lend against a bunch of worthless promises ) or Wonga. Business multi millionaires don't acquire that status by being philanthropists!

[greenginger]

What a surprise, Banderson & McCarthy contradicting themselves at the same time. McCarthy I believe captures it correctly in one statement when he says "interest at what they could collect in their own bank a/c's". Base rates at present are 0.5% but a 3 or 4 year high value bond could attract 2 to 3 %. I suspect these Yam minded persons will be at the higher end of the scale, seeing it as a win/win, ie they gain on interest rate & Yams get a lower rate than they could from a bank ( if any bank was prepared to lend against a bunch of worthless promises ) or Wonga. Business multi millionaires don't acquire that status by being philanthropists!


I don't see any Business men having £ 100,000 's sloshing around in bank accounts ready to hand over to FoH.

If they are business minded at all their money will be invested in property, bonds etc,none of which is easily accessible without considerable cost.

I would guess they would be looking to borrow money from banks or whatever to fund their promised loans to purchase HOMFC.

That would be a different kind of interest rate altogether.

[Waxy]

Couldn't they ask wonga for a loan.
They could just use the sliders, how much they want.....30m
For how long.............500 years.
Might have to pay back 5000000000m but hey ho what have they got to lose.
Or could they not phone them ticketus folk.
Can we have 10m please and we'll give you our seasin ticket money for 10 years and security on tynecastle?

[clerriehibs]

Depends on the club and what gets built there. Brockville is a supermarket, as is Broomfield, but what was formerly Ayresome Park has a little centre spot garden thingy. There's no obligation to provide a memorial.

Exactly. Sorry if anyone is offended, but scattering ashes on a piece of ground doesn't consecrate it and make it protected from redevelopment. If someone scattered ashes there, nice gesture at the time, but only a gesture.

[YehButNoBut]

FoH are going to sponsor this weekend’s Hearts v Aberdeen game with Murray to step out onto the Tynecastle pitch at half-time to address the club’s supporters.

Gives you the boak. :yw:

http://www.edinburghnews.scotsman.com/sport/football/hearts/hearts-administration-foh-to-sponsor-hearts-v-aberdeen-1-3055214

[Sammy7nil]

FoH are going to sponsor this weekend’s Hearts v Aberdeen game with Murray to step out onto the Tynecastle pitch at half-time to address the club’s supporters.

Gives you the boak. :yw:

http://www.edinburghnews.scotsman.com/sport/football/hearts/hearts-administration-foh-to-sponsor-hearts-v-aberdeen-1-3055214

Lets hope the Ht score is 0 - 3 lets see the response to the begging bowl :wink:

Question for those with far more knowledge that me have any idea of BDO's cost to date £120k or is that way of the mark?

[CropleyWasGod]

Lets hope the Ht score is 0 - 3 lets see the response to the begging bowl :wink:

Question for those with far more knowledge that me have any idea of BDO's cost to date £120k or is that way of the mark?

Up until the date of the previous report, 26 July I think, it was approx £189k.

[Coco Bryce]

I don't see any Business men having £ 100,000 's sloshing around in bank accounts ready to hand over to FoH.

If they are business minded at all their money will be invested in property, bonds etc,none of which is easily accessible without considerable cost.

I would guess they would be looking to borrow money from banks or whatever to fund their promised loans to purchase HOMFC.

That would be a different kind of interest rate altogether.

I know of a very affluent Hearts season ticket holder,match sponsor etc who is a Director of a very large engineering company in Livingston, who was asked if he would be interested in contributing £250K for FOH

He told them to bolt :agree:

[Ken]

FoH are going to sponsor this weekend’s Hearts v Aberdeen game with Murray to step out onto the Tynecastle pitch at half-time to address the club’s supporters.

Gives you the boak. :yw:

http://www.edinburghnews.scotsman.com/sport/football/hearts/hearts-administration-foh-to-sponsor-hearts-v-aberdeen-1-3055214

You can vote for the man of the match on twitter using #FOHMOM.......

#FOHMOM Albert Kidd anyone?

[Treadstone]

Up until the date of the previous report, 26 July I think, it was approx £189k.

In your experience CWG, do the charges remain consistent for an admin or does the charging slow after the initial work is complete ?


You can vote for the man of the match on twitter using #FOHMOM.......

#FOHMOM Albert Kidd anyone?

#FOHMOM Willo Flood

[Hibby D]

FoH are going to sponsor this weekend’s Hearts v Aberdeen game with Murray to step out onto the Tynecastle pitch at half-time to address the club’s supporters.

Gives you the boak. :yw:

http://www.edinburghnews.scotsman.com/sport/football/hearts/hearts-administration-foh-to-sponsor-hearts-v-aberdeen-1-3055214

:devil: VVV


FoH will give fans a chance to vote for their man of the match on Twitter by tweeting #FOHMOM and adding the surname of the player they have chosen

[ScottB]

I'm not so sure about it being just another building site - would it not be the case of still having a memorial garden where the pitch is for respect of those whose ashes are there?

That's why happened at Arsenal anyway...

Although I think Love Street may just be a Tesco?


Being cold hearted and logical about it, the pitch is constantly being cut, churned up and replaced. I doubt any trace of anyone scattered there remains.

However presumably a developer may seek to leave something as a memorial. The difference between this case and others would be Hearts lost the stadium, rather than the likes of Arsenal or St Mirren willingly selling up...

[CropleyWasGod]

In your experience CWG, do the charges remain consistent for an admin or does the charging slow after the initial work is complete ?

Our resident insolvency worker (RobinP?) will have a better insight into that. There is always a lot of work at the beginning, which can slow down. However, in this case, there is still a lot of high-value work to be done.

[CyberSauzee]

FoH are going to sponsor this weekend’s Hearts v Aberdeen game with Murray to step out onto the Tynecastle pitch at half-time to address the club’s supporters.

Gives you the boak. :yw:

http://www.edinburghnews.scotsman.com/sport/football/hearts/hearts-administration-foh-to-sponsor-hearts-v-aberdeen-1-3055214

They're preaching to the converted who have already pledged their money. 10.5k season tickets (iirc?), most of those will already be in the FoH numbers, there's got to be a fair few U18s season tickets who have no bank account and no income. Virtually no-one left in their 'customer pool', so it's looking like saturation point in so much as the pledges they can obtain. Nothing left to give, no more money to FoH to up their offer... ...liquidation.

[clerriehibs]

Being cold hearted and logical about it, the pitch is constantly being cut, churned up and replaced. I doubt any trace of anyone scattered there remains.

However presumably a developer may seek to leave something as a memorial. The difference between this case and others would be Hearts lost the stadium, rather than the likes of Arsenal or St Mirren willingly selling up...


homfc, and all connected with them, ****ed up. 'Lost' suggests a lack of culpability - if and when it goes, they haven't lost it, they've traded it.

[PatHead]

FoH are going to sponsor this weekend’s Hearts v Aberdeen game with Murray to step out onto the Tynecastle pitch at half-time to address the club’s supporters.

Gives you the boak. :yw:

http://www.edinburghnews.scotsman.com/sport/football/hearts/hearts-administration-foh-to-sponsor-hearts-v-aberdeen-1-3055214

Think this just means they couldn't get anyone else to sponsor the game and asked FoH to help out.

[Smiggy 7-0]

FoH are going to sponsor this weekend’s Hearts v Aberdeen game with Murray to step out onto the Tynecastle pitch at half-time to address the club’s supporters.

Gives you the boak. :yw:

http://www.edinburghnews.scotsman.com/sport/football/hearts/hearts-administration-foh-to-sponsor-hearts-v-aberdeen-1-3055214

That's it, after years of having a good MP in Nigel Griffiths...... Ian Murray and Labour can go and F*** themselves. Wonder if he would have done same for us, doubt it.

[PatHead]

Had a look on the Hearts site and they still have hundreds of tickets up for sale. Not one stand sold out. Maybe instead of going to away matches they should think of giving their own club money. Mugs.

[johnrebus]

Depends on the club and what gets built there. Brockville is a supermarket, as is Broomfield, but what was formerly Ayresome Park has a little centre spot garden thingy. There's no obligation to provide a memorial.

Not sure the supermarket was ever built over Broomfield.

Last time I passed (in the train) looked like the site was part car park / part derelict land?


:cb

PS

I think there is a small memorial in the Asda car park that sits on the site of Muirton Park in perth.

[StevieC]

FoH are going to sponsor this weekend’s Hearts v Aberdeen game with Murray to step out onto the Tynecastle pitch at half-time to address the club’s supporters.

Nearly two and a half grand out of the FoH fighting fund! I wonder who the ten supporters are that will be getting a little hospitality jolly at the expense of the ordinary supporter?

Reading into that article, it sounds like FoH are treating members of the business community to some free hospitality. Sounds like they are trying to close some very big deals on some very big loans. A wee visit to the Gorgie Road Stand on Saturday should show who are the "money" men behind the FoH bid. :wink:


I think there is a small memorial in the Asda car park that sits on the site of Muirton Park in perth.

It must be very small then .. I've been shopping there for 20 years and I've never noticed it. :confused:

[jgl07]

Not sure the supermarket was ever built over Broomfield.

Last time I passed (in the train) looked like the site was part car park / part derelict land?


No there is certainly a Morrison's supermarket on the site.

[KeithTheHibby]

Had a look on the Hearts site and they still have hundreds of tickets up for sale. Not one stand sold out. Maybe instead of going to away matches they should think of giving their own club money. Mugs.

Novelty clearly wearing off for the yams then.

[Bostonhibby]

Novelty clearly wearing off for the yams then.

Maybe the last resort will be to charge them to get out?

[Pedantic_Hibee]

http://www.hmfckickback.co.uk/index.php?/topic/131915-cillian-sheridan-donates-season-ticket/

If only those connected to Hearts could donate as well and maybe eat into the £34k that they ROBBED from the charity.

[Moulin Yarns]

PS

I think there is a small memorial in the Asda car park that sits on the site of Muirton Park in perth.



It must be very small then .. I've been shopping there for 20 years and I've never noticed it. :confused:

I think he means McDonald's :aok:

[Sanger]

There are 4 ways to liquidation for them:

1. Ukio admin not satisfied with improved offer for security over Tiny.
2. UBIG admin (once appointed) not satisfied with CVA offer (0p/£).
3. UBIG admin unwilling or unable to sell shares (currently frozen).
4. Run out of cash attempting to overcome 1-3.

Looks a pretty tall order to me. The Ukio admin wants this sorted sooner rather than later and my speculative hunch is that the rumoured £5M is their compromise bottom line. Can't see the muppets getting to that so liquidation still looks most likely to me.


Agree


That's it, after years of having a good MP in Nigel Griffiths...... Ian Murray and Labour can go and F*** themselves. Wonder if he would have done same for us, doubt it.


Was that same Nigel Griffiths who fidled his expenses and ******ing prostitutes in his House of Commons offices?

[jacomo]

FoH are going to sponsor this weekend’s Hearts v Aberdeen game with Murray to step out onto the Tynecastle pitch at half-time to address the club’s supporters.

Gives you the boak. :yw:

http://www.edinburghnews.scotsman.com/sport/football/hearts/hearts-administration-foh-to-sponsor-hearts-v-aberdeen-1-3055214

Nice day out for Ian Murray MP. Does the match day sponsor always get coverage in the EEN as part of the package?

[hibees 7062]

http://www.hmfckickback.co.uk/index.php?/topic/131915-cillian-sheridan-donates-season-ticket/

If only those connected to Hearts could donate as well and maybe eat into the £34k that they ROBBED from the charity.

Was he not on trial at the San Giro recently, if true it is his way of thanking us, for 'dodging a bullet'. Good man...

Yea it was down to them :rolleyes:

[PatHead]

I hear Rudi Wagesnatcher is going to their match on Saturday. Cue lots of Oohs and playing with their members down Tynecastle way this weekend.

[Dashing Bob S]

There are 4 ways to liquidation for them:

1. Ukio admin not satisfied with improved offer for security over Tiny.
2. UBIG admin (once appointed) not satisfied with CVA offer (0p/£).
3. UBIG admin unwilling or unable to sell shares (currently frozen).
4. Run out of cash attempting to overcome 1-3.

Looks a pretty tall order to me. The Ukio admin wants this sorted sooner rather than later and my speculative hunch is that the rumoured £5M is their compromise bottom line. Can't see the muppets getting to that so liquidation still looks most likely to me.

Everybody who is getting excited, just focus on this post and ignore all the piss and wind from Murray, Banderson etc. Unless somebody comes in with a lot more money than FOH has now (and there are huge barriers to that for any sane business person) the scenario is still liquidation within the next couple of weeks, or struggling on to somewhere between October and the New Year, then running out of cash and liquidating then.

[Ozyhibby]

The EEN has turned into a Hearts Fanzine these days.

[Bostonhibby]

I hear Rudi Wagesnatcher is going to their match on Saturday. Cue lots of Oohs and playing with their members down Tynecastle way this weekend.

Might even make an actual cash donation, if someone lends him a tenner.

[Weststandwanab]

I don't see any Business men having £ 100,000 's sloshing around in bank accounts ready to hand over to FoH.

If they are business minded at all their money will be invested in property, bonds etc,none of which is easily accessible without considerable cost.

I would guess they would be looking to borrow money from banks or whatever to fund their promised loans to purchase HOMFC.

That would be a different kind of interest rate altogether. Spot on IMO


Our resident insolvency worker (RobinP?) will have a better insight into that. There is always a lot of work at the beginning, which can slow down. However, in this case, there is still a lot of high-value work to be done. I agree particularly in this case.


That's it, after years of having a good MP in Nigel Griffiths...... Ian Murray and Labour can go and F*** themselves. Wonder if he would have done same for us, doubt it.

More chance of me being First Minister tonight

[HUTCHYHIBBY]

I hear Rudi Wagesnatcher is going to their match on Saturday. Cue lots of Oohs and playing with their members down Tynecastle way this weekend.

I believe he was pulling pints in The Polworth Tavern at the weekend.

[Platinum Scotty]

Everybody who is getting excited, just focus on this post and ignore all the piss and wind from Murray, Banderson etc. Unless somebody comes in with a lot more money than FOH has now (and there are huge barriers to that for any sane business person) the scenario is still liquidation within the next couple of weeks, or struggling on to somewhere between October and the New Year, then running out of cash and liquidating then.

Bob, as a chap who is out of the country and relies on this forum, this is exactly the sort of post I need to be seeing...there are a couple of Yams down here and i cant wait for their team to go belly up !!

[StevieC]

I think he means McDonald's :aok:

They built a McDonalds in memory of Muirton Park?? I don't get the connection :confused:






:wink:

[Seveno]

They built a McDonalds in memory of Muirton Park?? I don't get the connection :confused:






:wink:
Yeh, they built the new stadium on old MacDonald's farm. :greengrin

[connerg]

I know of a very affluent Hearts season ticket holder,match sponsor etc who is a Director of a very large engineering company in Livingston, who was asked if he would be interested in contributing £250K for FOH

He told them to bolt :agree:

Was it ae?

[poolman]

I believe he was pulling pints in The Polworth Tavern at the weekend.

Aye,he was

Local Yams pulling at their little weenies up Polwarth way

[brog]

Lets hope the Ht score is 0 - 3 lets see the response to the begging bowl :wink:

Question for those with far more knowledge that me have any idea of BDO's cost to date £120k or is that way of the mark?

It was just under £190k for the month to July 19. If activity has continued at the same rate to now the total will be about £400k, or £1 per fan! :wink:

[johnrebus]

No there is certainly a Morrison's supermarket on the site.


Ach, Morrisons, Asda, Tesco, Sainsbury, McDonalds. Lidl, Aldi - who cares?

Just as long as there is one of them just off the east end of Gorgie Road real soon.



PS

Am sure I saw some kind of memorial on the site of Muirton Park years ago?

But then again, I don't know what ****ing day it is........,

[YehButNoBut]

OK who complained then?? :greengrin

http://www.scotsman.com/sport/football/latest/hearts-administration-ian-murray-defends-role-1-3056761

Hearts administration: Ian Murray defends role

AFTER some growing unease about the amount of time he is devoting to the cause of saving a football club that is not based in his constituency, Federation of Hearts chairman and Edinburgh South MP Ian Murray yesterday presented his case for the ­defence.

The politician estimated the amount of time he spends on important business which relates to the club as only four hours per week.

Murray yesterday said he has only had one visitor to his constituency office on Minto Street in Edinburgh to complain about the time he is committing to FoH, who were last week named preferred bidders by BDO, Hearts’ administrators. Murray’s involvement as a figurehead has been invaluable – not just because of the profile he is able to command, but also because of his background in business. He is Labour’s Shadow Minister for employee relations, postal and consumer affairs.

However, not everyone is happy with Murray’s association with the task of saving Hearts, further details of which were revealed at Tynecastle on Monday when the politician fronted a press conference that explained many of the ins and outs of how the supporters’ group intended to finance their bid to purchase the club. A statement said “the process is far from complete and is likely to take a significant time working to achieve”.

A letter to The Scotsman from someone claiming to be an Edinburgh South constituent has called on Murray to step aside from his role as chairman and “re-direct his full attention to the job we elected him to do”. The letter also claims there is a petition being prepared that is to be delivered to Murray’s office. However, the MP was eager to set his detractors straight yesterday. He pointed out that he was only speaking to The Scotsman after he had completed his parliamentary duties for the day. With the exception of the two big press conferences, I have been doing this in my own time,” he said. “I answer the odd email and take the odd phone call – I genuinely am doing this in my own time.”

“Another thing I would say is that some people go swimming, collect stamps or go train spotting in their spare time, I am spending my spare time on Hearts. I don’t see what the problem is.

“What people won’t report is the dozen and dozens of letters and emails I have had from constituents thanking me for getting involved and representing their views. Because although Tynecastle is not in the constituency a lot of the fanbase is.”

He estimated that his involvement takes up about four hours a week. “Unless I have the audacity to watch a match – but that is in my own time too,” he said.

“I do regularly 70 to 80 hour weeks so four hours is tiny in comparison. I still receive and answer some 700 emails a day and do more than 175 open surgeries a year. My commitment and life is to my constituency first and foremost.”

Murray will be present at Saturday’s game against Aberdeen which is being sponsored by FoH. He will address the supporters during the half-time interval at Tynecastle in an attempt to promote the FoH bid to take control of the club.

While admitting that his original prediction that FoH’s bid would take only three months to push through was a “a little on the optimistic side”, Murray denied that his involvement is impacting on his parliamentary commitments and says he has the support of his fellow MPs at Westminster.

Murray stressed he is committed to fulfilling the aims set out when he emerged as the fans’ figurehead in April. Full supporter control of the club is the objective and he is due to speak about the fan-owned model in a debate on Radio 4 this weekend – and in his own time. “If I am at Westminster the [FoH] meetings take place either late on a Thursday evening and or a Friday evening, and if I am not at Westminster they take place on a Tuesday,” he said. “We have probably three meetings a month – we don’t have them every week.

“The only time where I have taken time during my working day if I am being completely honest was two media calls we have done – once when we put a bid in and once when we were given preferred bidder status. They took about an hour and a half.

“All the other political parties have supported me in this, so I don’t think it is a political thing,” Murray added. The politician acknowledged, however, that he had personally faced down one unhappy visitor to his constituency office.

“He was a Hibs fan who wanted to talk about Hearts,” he recalled. “I said I am sorry I ­cannot talk about Hearts this is my parliamentary office and that is something I am doing in my own time. Then he explained that he was a constituent so I was happy to talk to him. He went away satisfied with my explanation. He said he was glad to have come in and chat to me.”

“I have helped out dozens of businesses locally, including high-profile ones,” Murray added. “I would do the same if any business was asking me to give them assistance to save jobs and save the business. It is just because it is the emotional cocktail of football that creates the problem – but it is still a business that employs a lot of people.”

[Hibby70]

700 emails a day! Aye right.

[greenginger]

Well that bullsh*t will have used up Murray's 4 hour allocation for this week !


We won't see or hear from him this week , I don't think.

[c31]

Basically he is saying that all the 'people' who are due money don't matter as long as his hobby is ok

[magpie1892]

Not sure the supermarket was ever built over Broomfield.

Last time I passed (in the train) looked like the site was part car park / part derelict land?



There's a Morrison's (formerly Safeway) there, 100%, with a car park.

(p.s. you can see it on Google maps)


Being cold hearted and logical about it, the pitch is constantly being cut, churned up and replaced. I doubt any trace of anyone scattered there remains.

You forgot that old, Scottish constant: rain!

[Kato]

I do regularly 70 to 80 hour weeks

Believe me for an MP that is getting off lightly.

I'm pretty easy about his involvement to be honest. The more trumpets and flumps they have on board the better.

[PapillonVert]

Basically he is saying that all the 'people' who are due money don't matter as long as his hobby is ok

Indeed a public servant paid by the public who is prepared to overlook the wilful non-payment of PAYE-deducted income tax, national insurance, VAT, council tax, police bills, rental payments to publicly-subsidised HW University not to mention the numerous charities ripped off along the way. Still, as long as he can have four hours a week to indulge his "hobby" what do the millions owed to the public purse matter?

A massive disservice being done to the honest, tax-paying, bill-paying public by this alleged "public servant" as well as to all those football clubs competing with HMFC who didn't refuse to pay their dues so that they could employ players they otherwise couldn't afford.

[Barney McGrew]

The article reads to me like the Scotsman have joined in the cheerleading for FoH that the EEN have been guilty of for the last month or so.

It comes across very cynical of those who have had the temerity to question what their elected MP has been up to, while at the same time giving him every opportunity to trot out a load off excuses.

[Treadstone]

The article reads to me like the Scotsman have joined in the cheerleading for FoH that the EEN have been guilty of for the last month or so.

It comes across very cynical of those who have had the temerity to question what their elected MP has been up to, while at the same time giving him every opportunity to trot out a load off excuses.

Reads like a pre-emptive strike. He is definitely worried if he has to do something like this. This won't have gone unnoticed by his party bosses.

[magpie1892]

The article reads to me like the Scotsman have joined in the cheerleading for FoH that the EEN have been guilty of for the last month or so.

It comes across very cynical of those who have had the temerity to question what their elected MP has been up to, while at the same time giving him every opportunity to trot out a load off excuses.

I completely agree, and you're right, but being purely objective, there are huge commercial considerations behind the editorial line on this (and many other) topic/s at Barclay House.

The Scotsman's circulation (paid for) is about 28,500 daily. This is about a third of what the Press and Journal sells. The owners of TS, Johnston Press, paid £250m for the four Scotsman titles and they're now worth about 5% of that. Basically, the Evening News is keeping the whole show going.

So, on this basis, it makes a great deal of sense for them to run an editorial line which is pro-Hearts as: a) it sells papers to yams and, b) stimulates 'debate' among Hibbies about any (arguable) pro-Hearts line.

Basically, the Scotsman and its holding group is in very serious trouble and it's not going to do TS and the EN any good to go with back pages like: 'Hearts certain to be liquidated'. It would be hugely damaging and we have .net to have the truth discussed and analysed.

I know the majority of the Scotsman, Evening News and SoS sports staff personally having worked at all three titles and there's only a couple of yams among them.

They are trying - desperately - to sell papers. That's all there is to it.

[Bostonhibby]

Reads like a pre-emptive strike. He is definitely worried if he has to do something like this. This won't have gone unnoticed by his party bosses.

Ain't going to say who but I know a labour party official who is a big football fan as well, was discussing this roaster with him and whilst he said there is absolutely nothing wrong with doing you bit for your team etc he nearly spilt his beer when I mentioned the "independent" chairman part and how, as a labour supporter myself I was concerned at how Murray might be construed by some as sending the message that as a full time labour MP he really didn't seem to give a monkeys about the trail of creditors left behind. He certainly isnt campaigning for the victims to be paid.

As he really doesn't know Edinburgh that well I suggested (for a bit of mischief) that it gives the impression that the party leans heavily towards the yam and maybe others will allow that to influence their voting intentions :greengrin

[scott7_0(Prague)]

700 emails a day! Aye right.

The figure could well be true and accurate, all those spam mails from Wonga, Cash Convertors, ChequePoint, Money Convertor etc etc :agree:

[Bostonhibby]

The figure could well be true and accurate, all those spam mails from Wonga, Cash Convertors, ChequePoint, Money Convertor etc etc :agree:

Then there's the russian ladies looking for partners and Nigerian businessmen offering to buy your football team if you will just buy into their share issue first....................

[johnrebus]

I completely agree, and you're right, but being purely objective, there are huge commercial considerations behind the editorial line on this (and many other) topic/s at Barclay House.

The Scotsman's circulation (paid for) is about 28,500 daily. This is about a third of what the Press and Journal sells. The owners of TS, Johnston Press, paid £250m for the four Scotsman titles and they're now worth about 5% of that. Basically, the Evening News is keeping the whole show going.

So, on this basis, it makes a great deal of sense for them to run an editorial line which is pro-Hearts as: a) it sells papers to yams and, b) stimulates 'debate' among Hibbies about any (arguable) pro-Hearts line.

Basically, the Scotsman and its holding group is in very serious trouble and it's not going to do TS and the EN any good to go with back pages like: 'Hearts certain to be liquidated'. It would be hugely damaging and we have .net to have the truth discussed and analysed.

I know the majority of the Scotsman, Evening News and SoS sports staff personally having worked at all three titles and there's only a couple of yams among them.

They are trying - desperately - to sell papers. That's all there is to it.


Makes complete sense to me.

The Scotsman is virtually dead in the water, with circulation dropping faster than a tarts drawers.


The quality of the sports journalism must have the likes of John Rafferty spinning in his grave.



:cb

[magpie1892]

Makes complete sense to me.

The Scotsman is virtually dead in the water, with circulation dropping faster than a tarts drawers.


The quality of the sports journalism must have the likes of John Rafferty spinning in his grave.



:cb

It's getting to the point where the Scotsman (£1.20!!!) is going to have to fold or go online only. On a financial basis, there's no reason to continue. When I left (2004) it was still doing just under 90,000 copies daily. I've not been in the building for a couple of years but I know a couple of 'high ups' in addition to the 'rank and file' who tell me that the atmosphere in the place is poisonous with back-biting and internal politics at an all-time high.

Most of the poison and manoeuvring is coming from those who remain in the building who are (certainly in journalism), unemployable elsewhere. When I was there the place was stacked with people who came in, surfed the net, filed a 500-word story and went home. There's still a few of them left.

FWIW, I think the Evening News is still a decent paper. It needs to be.

[HUTCHYHIBBY]

Basically he is saying that all the 'people' who are due money don't matter as long as his hobby is ok

Aye, and that all the other political parties support that opinion, alright then!

[YehButNoBut]

Aye, and that all the other political parties support that opinion, alright then!

Can't think all (or any) of the other parties would support a tax dodging, charity stealing organisation such as Hearts.

[Pedantic_Hibee]

Indeed a public servant paid by the public who is prepared to overlook the wilful non-payment of PAYE-deducted income tax, national insurance, VAT, council tax, police bills, rental payments to publicly-subsidised HW University not to mention the numerous charities ripped off along the way. Still, as long as he can have four hours a week to indulge his "hobby" what do the millions owed to the public purse matter?

A massive disservice being done to the honest, tax-paying, bill-paying public by this alleged "public servant" as well as to all those football clubs competing with HMFC who didn't refuse to pay their dues so that they could employ players they otherwise couldn't afford.

Why are decent journalists not asking Murray this question?

[magpie1892]

Why are decent journalists not asking Murray this question?

Because there are very few decent sports journalists in Scotland who have any concept of business or fiscal matters in addition to their 'specialist subject'. Same thing happened with Sevco. As I mentioned above, there is a deliberate ploy by most media to try and keep the situation as light as possible. The worry about the sort of negative headlines and copy we should be reading lies on the part of publishers and television. It is not just about Sevco and the Yams, it's a fear that Scottish Football is a house of cards and the whole lot could come crashing down and we end up like LoW or suchlike. With many sports journalists becoming even more surplus to requirements than is already the case.

This is one reason. There's plenty others.

[Springbank]

OK who complained then?? :greengrin

The question I'd asked (via his MP website) was:

Message: Dear Mr Murray MP
I've just been reading the creditors list for Hearts of Midlothian, and it's pretty grim.
The particularly galling parts for me to read are where charities and taxpayer-funded bodies have been left being owed money (in effect stolen from).
These include Macrae's Battalion, the Poppy Fund, universities, police, local authorities, the NHS.
As an MP, do you have a view on what the punishment should be for businesses who act in such a manner?
Kind regards

The response I got was:

Thank you for contacting Ian Murray MP. Unfortunately, Ian is not your Member of Parliament and therefore is unable to take your issue up due to strict parliamentary protocol. Mark Lazarowicz is your MP and can be contacted by email at mark.lazarowicz.mp@parliament.uk (mark.lazarowicz.mp@parliament.uk) or by telephone on 0131 557 0577. His constituency office is based at 5 Croall Place, EH7 4LT.

Regards
Lesley Gulland

Office of Ian Murray MP | Shadow Business Minister | Labour Member of Parliament for Edinburgh South
Constituency Office: 31 Minto Street, Edinburgh, EH9 2BT
Telephone Number: 0131 662 4520

[clerriehibs]

It's getting to the point where the Scotsman (£1.20!!!) is going to have to fold or go online only. On a financial basis, there's no reason to continue. When I left (2004) it was still doing just under 90,000 copies daily. I've not been in the building for a couple of years but I know a couple of 'high ups' in addition to the 'rank and file' who tell me that the atmosphere in the place is poisonous with back-biting and internal politics at an all-time high.

Most of the poison and manoeuvring is coming from those who remain in the building who are (certainly in journalism), unemployable elsewhere. When I was there the place was stacked with people who came in, surfed the net, filed a 500-word story and went home. There's still a few of them left.

FWIW, I think the Evening News is still a decent paper. It needs to be.

All believable until your last point.

EEN is a self serving, bitching, antagonising, shallow, ****-stirring rag of a 'paper'.

[Springbank]

So the only reason I couldn't get a reply was I don't live within Edinburgh South constituency boundary.

Anyone out there within that boundary who wants to cut and paste the question and put it to the bold Mr Murray MP?


The question I'd asked (via his MP website) was:

Message: Dear Mr Murray MP
I've just been reading the creditors list for Hearts of Midlothian, and it's pretty grim.
The particularly galling parts for me to read are where charities and taxpayer-funded bodies have been left being owed money (in effect stolen from).
These include Macrae's Battalion, the Poppy Fund, universities, police, local authorities, the NHS.
As an MP, do you have a view on what the punishment should be for businesses who act in such a manner?
Kind regards

The response I got was:

Thank you for contacting Ian Murray MP. Unfortunately, Ian is not your Member of Parliament and therefore is unable to take your issue up due to strict parliamentary protocol. Mark Lazarowicz is your MP and can be contacted by email at mark.lazarowicz.mp@parliament.uk (mark.lazarowicz.mp@parliament.uk) or by telephone on 0131 557 0577. His constituency office is based at 5 Croall Place, EH7 4LT.

Regards
Lesley Gulland

Office of Ian Murray MP | Shadow Business Minister | Labour Member of Parliament for Edinburgh South
Constituency Office: 31 Minto Street, Edinburgh, EH9 2BT
Telephone Number: 0131 662 4520

[clerriehibs]

Thr reply from murray's office is bollocks.

A - he's a member of the UK parliament, so should be willing to answer

B - he's a shadow business secretary, so must be obliged to acknowledge and/or answer!

[Joy Zipper]

So the only reason I couldn't get a reply was I don't live within Edinburgh South constituency boundary.

Anyone out there within that boundary who wants to cut and paste the question and put it to the bold Mr Murray MP?

Done :-)

[Ryan69]

The question I'd asked (via his MP website) was:

Message: Dear Mr Murray MP
I've just been reading the creditors list for Hearts of Midlothian, and it's pretty grim.
The particularly galling parts for me to read are where charities and taxpayer-funded bodies have been left being owed money (in effect stolen from).
These include Macrae's Battalion, the Poppy Fund, universities, police, local authorities, the NHS.
As an MP, do you have a view on what the punishment should be for businesses who act in such a manner?
Kind regards

The response I got was:

Thank you for contacting Ian Murray MP. Unfortunately, Ian is not your Member of Parliament and therefore is unable to take your issue up due to strict parliamentary protocol. Mark Lazarowicz is your MP and can be contacted by email at mark.lazarowicz.mp@parliament.uk (mark.lazarowicz.mp@parliament.uk) or by telephone on 0131 557 0577. His constituency office is based at 5 Croall Place, EH7 4LT.

Regards
Lesley Gulland

Office of Ian Murray MP | Shadow Business Minister | Labour Member of Parliament for Edinburgh South
Constituency Office: 31 Minto Street, Edinburgh, EH9 2BT
Telephone Number: 0131 662 4520


Simples...state.an address that would be in his area. Id love to hear hear his reply....though that reply that was given is shocking. He is supposed to represent normal people is he not?

[magpie1892]

All believable until your last point.

EEN is a self serving, bitching, antagonising, shallow, ****-stirring rag of a 'paper'.

We'll agree to differ on my last point then. Think more the point I wanted to make is that it's keeping the whole show on the road.

Evening papers are supposed to 'stir it up' a bit!

[Kato]

All believable until your last point.

EEN is a self serving, bitching, antagonising, shallow, ****-stirring rag of a 'paper'.

Agreed. It's The Edinburgh Evening Curtain-Twitcher as far I'm concerned.

[YehButNoBut]

Interesting post in the Scotsman forum from someone who claims to be ITK re the HMFC bid, he claims they will be back in with a bid that will blow FoH out the water.

Can they still make a bid now that FoH have been named as preferred bidder?

Details of bid are as below, with no 10 being an interesting one with the Yams applying to play down south.

Some wild claims that would need substantial funding, someone taking the pi ss, fantasy or some substance. :dunno:



1 HMFC Limited's bid will provide a new 25,000 capacity stadium as a valuable income generator for the Hearts over the next 30 years.

2 There is no need for fans to dip into their pockets.

3 The ownership will be in the hands of local Hearts supporters.

4 Hearts fans will be represented on the new BoD.

5 Tynecastle will be retained for posterity and developed like Highbury, retaining Hearts HQ, conference & exhibition facilities and museum etc in a newly modified main stand.

6 The three stands will be dismantled and sold to Knockhill Racing Circuit.

7 The ground will be tastefully developed into an open space with surrounding 'terracing' available for former fans ashes and a memorial fountain in the centre circle.

8 The funding will come from new money generated by the stadium.

9 Bob Jamieson has worked on this proposal for over two years.

10 He has also instructed three top QCs and an advocate at Ampersand to provide a report on the possibility of a successful application to join the English Championship. Their report was ready in May and the advice is that the application would be 99% successful.

[adhibs]

Haha seemed like absolute nonsense and point ten just fully confirmed it

[Twa Cairpets]

Interesting post in the Scotsman forum from someone who claims to be ITK re the HMFC bid, he claims they will be back in with a bid that will blow FoH out the water.

Can they still make a bid now that FoH have been named as preferred bidder?

Details of bid are as below, with no 10 being an interesting one with the Yams applying to play down south.

Some wild claims that would need substantial funding, someone taking the pi ss, fantasy or some substance. :dunno:



1 HMFC Limited's bid will provide a new 25,000 capacity stadium as a valuable income generator for the Hearts over the next 30 years.

2 There is no need for fans to dip into their pockets.

3 The ownership will be in the hands of local Hearts supporters.

4 Hearts fans will be represented on the new BoD.

5 Tynecastle will be retained for posterity and developed like Highbury, retaining Hearts HQ, conference & exhibition facilities and museum etc in a newly modified main stand.

6 The three stands will be dismantled and sold to Knockhill Racing Circuit.

7 The ground will be tastefully developed into an open space with surrounding 'terracing' available for former fans ashes and a memorial fountain in the centre circle.

8 The funding will come from new money generated by the stadium.

9 Bob Jamieson has worked on this proposal for over two years.

10 He has also instructed three top QCs and an advocate at Ampersand to provide a report on the possibility of a successful application to join the English Championship. Their report was ready in May and the advice is that the application would be 99% successful.

This has got be a wind up - it's like Vladspeak all over again mixed with a bit of Hunthink.

Almost all (sorry, all) of this is bollocks.

If the group behind HMFC just wanted to buy a football club as I'm assuming some Americans who've never been to a game don't count themselves as dyed in the wool Mutants, they would not buy Hearts, they would buy Hibs, or, (for the amount of money they seem to be prepared to splash if by some insane chance it is real) the Huns.

Ignore.

[Ozyhibby]

He pulls all that off and I'll bring up my youngest a Jambo.

[James70]

The deluded ones just keep getting more and more deluded! :faf:

[Dashing Bob S]

Interesting post in the Scotsman forum from someone who claims to be ITK re the HMFC bid, he claims they will be back in with a bid that will blow FoH out the water.

Can they still make a bid now that FoH have been named as preferred bidder?

Details of bid are as below, with no 10 being an interesting one with the Yams applying to play down south.

Some wild claims that would need substantial funding, someone taking the pi ss, fantasy or some substance. :dunno:



1 HMFC Limited's bid will provide a new 25,000 capacity stadium as a valuable income generator for the Hearts over the next 30 years.

2 There is no need for fans to dip into their pockets.

3 The ownership will be in the hands of local Hearts supporters.

4 Hearts fans will be represented on the new BoD.

5 Tynecastle will be retained for posterity and developed like Highbury, retaining Hearts HQ, conference & exhibition facilities and museum etc in a newly modified main stand.

6 The three stands will be dismantled and sold to Knockhill Racing Circuit.

7 The ground will be tastefully developed into an open space with surrounding 'terracing' available for former fans ashes and a memorial fountain in the centre circle.

8 The funding will come from new money generated by the stadium.

9 Bob Jamieson has worked on this proposal for over two years.

10 He has also instructed three top QCs and an advocate at Ampersand to provide a report on the possibility of a successful application to join the English Championship. Their report was ready in May and the advice is that the application would be 99% successful.

:lolyam::lolyam::lolyam::lolyam::lolyam::lolyam::l olyam::lolyam::lolyam:

[Oscar T Grouch]

Interesting post in the Scotsman forum from someone who claims to be ITK re the HMFC bid, he claims they will be back in with a bid that will blow FoH out the water.

Can they still make a bid now that FoH have been named as preferred bidder?

Details of bid are as below, with no 10 being an interesting one with the Yams applying to play down south.

Some wild claims that would need substantial funding, someone taking the pi ss, fantasy or some substance. :dunno:



1 HMFC Limited's bid will provide a new 25,000 capacity stadium as a valuable income generator for the Hearts over the next 30 years.

2 There is no need for fans to dip into their pockets.

3 The ownership will be in the hands of local Hearts supporters.

4 Hearts fans will be represented on the new BoD.

5 Tynecastle will be retained for posterity and developed like Highbury, retaining Hearts HQ, conference & exhibition facilities and museum etc in a newly modified main stand.

6 The three stands will be dismantled and sold to Knockhill Racing Circuit.

7 The ground will be tastefully developed into an open space with surrounding 'terracing' available for former fans ashes and a memorial fountain in the centre circle.

8 The funding will come from new money generated by the stadium.

9 Bob Jamieson has worked on this proposal for over two years.

10 He has also instructed three top QCs and an advocate at Ampersand to provide a report on the possibility of a successful application to join the English Championship. Their report was ready in May and the advice is that the application would be 99% successful.

This is all great, apart fi a couple of things, where's the money coming from for the new stadium, where's the CVA bid, nothing about creditor's here, just more spending beyond their means :rolleyes: Oh aye, how they gonna retain a stadium that has a major security over it (mair money)......hud oan, this is just a load oh pash aint it? :greengrin.

Seriously, if they're gonna pretend they are ITK then make it believable at least

[truehibernian]

OK who complained then?? :greengrin

http://www.scotsman.com/sport/football/latest/hearts-administration-ian-murray-defends-role-1-3056761

Hearts administration: Ian Murray defends role

AFTER some growing unease about the amount of time he is devoting to the cause of saving a football club that is not based in his constituency, Federation of Hearts chairman and Edinburgh South MP Ian Murray yesterday presented his case for the *defence.

The politician estimated the amount of time he spends on important business which relates to the club as only four hours per week.

Murray yesterday said he has only had one visitor to his constituency office on Minto Street in Edinburgh to complain about the time he is committing to FoH, who were last week named preferred bidders by BDO, Hearts’ administrators. Murray’s involvement as a figurehead has been invaluable – not just because of the profile he is able to command, but also because of his background in business. He is Labour’s Shadow Minister for employee relations, postal and consumer affairs.

However, not everyone is happy with Murray’s association with the task of saving Hearts, further details of which were revealed at Tynecastle on Monday when the politician fronted a press conference that explained many of the ins and outs of how the supporters’ group intended to finance their bid to purchase the club. A statement said “the process is far from complete and is likely to take a significant time working to achieve”.

A letter to The Scotsman from someone claiming to be an Edinburgh South constituent has called on Murray to step aside from his role as chairman and “re-direct his full attention to the job we elected him to do”. The letter also claims there is a petition being prepared that is to be delivered to Murray’s office. However, the MP was eager to set his detractors straight yesterday. He pointed out that he was only speaking to The Scotsman after he had completed his parliamentary duties for the day. With the exception of the two big press conferences, I have been doing this in my own time,” he said. “I answer the odd email and take the odd phone call – I genuinely am doing this in my own time.”

“Another thing I would say is that some people go swimming, collect stamps or go train spotting in their spare time, I am spending my spare time on Hearts. I don’t see what the problem is.

“What people won’t report is the dozen and dozens of letters and emails I have had from constituents thanking me for getting involved and representing their views. Because although Tynecastle is not in the constituency a lot of the fanbase is.”

He estimated that his involvement takes up about four hours a week. “Unless I have the audacity to watch a match – but that is in my own time too,” he said.

“I do regularly 70 to 80 hour weeks so four hours is tiny in comparison. I still receive and answer some 700 emails a day and do more than 175 open surgeries a year. My commitment and life is to my constituency first and foremost.”

Murray will be present at Saturday’s game against Aberdeen which is being sponsored by FoH. He will address the supporters during the half-time interval at Tynecastle in an attempt to promote the FoH bid to take control of the club.

While admitting that his original prediction that FoH’s bid would take only three months to push through was a “a little on the optimistic side”, Murray denied that his involvement is impacting on his parliamentary commitments and says he has the support of his fellow MPs at Westminster.

Murray stressed he is committed to fulfilling the aims set out when he emerged as the fans’ figurehead in April. Full supporter control of the club is the objective and he is due to speak about the fan-owned model in a debate on Radio 4 this weekend – and in his own time. “If I am at Westminster the [FoH] meetings take place either late on a Thursday evening and or a Friday evening, and if I am not at Westminster they take place on a Tuesday,” he said. “We have probably three meetings a month – we don’t have them every week.

“The only time where I have taken time during my working day if I am being completely honest was two media calls we have done – once when we put a bid in and once when we were given preferred bidder status. They took about an hour and a half.

“All the other political parties have supported me in this, so I don’t think it is a political thing,” Murray added. The politician acknowledged, however, that he had personally faced down one unhappy visitor to his constituency office.

“He was a Hibs fan who wanted to talk about Hearts,” he recalled. “I said I am sorry I *cannot talk about Hearts this is my parliamentary office and that is something I am doing in my own time. Then he explained that he was a constituent so I was happy to talk to him. He went away satisfied with my explanation. He said he was glad to have come in and chat to me.”

“I have helped out dozens of businesses locally, including high-profile ones,” Murray added. “I would do the same if any business was asking me to give them assistance to save jobs and save the business. It is just because it is the emotional cocktail of football that creates the problem – but it is still a business that employs a lot of people.”

Ian Murray had better revise his 'only 1 person has complained' - I have the e-mail trail to prove it, and live in his constituency and was on his (Labour's) mailing list. I know others have too. He replied same to my e-mail same day. My e-mail was not to criticise him for helping his club - I wanted answers as to why he was not using the media to not just support Hearts, but to condemn non payment of tax, people not being paid wages in a time of austerity, people being made redundant, money not being collected that could be spent in my (and his) constituency in relation to sport and activities for young people, and a football club that was not paying local rates and taxes, yet able to sign football players on the side. His reply was typical of a politician.....'whilst I agree.........'

Jeez the boy uses Twitter to condemn Wonga and high interest loan companies yet fails to see the irony that his team and said Wonga are in partnership and his team relied on a payment from them to see them through........:rolleyes:

I will progress this and e-mail him personally to retract the 'one complainer' statement - that is clearly wrong - oh and my e-mail was very clear not to mention my football leanings. I know other Labour supporter friends have e-mailed him too.........so he is being economical with the truth I would say......or (in fairness) being very 'literal' when it comes to answering the question 'has anyone complained' - not many people attend surgeries, but I bet plenty e-mail and write in :agree:

[Geo_1875]

10 He has also instructed three top QCs and an advocate at Ampersand to provide a report on the possibility of a successful application to join the English Championship. Their report was ready in May and the advice is that the application would be 99% successful.

He's wasted his money instructing QCs (I'm assuming they mean Queens Counsel?) as the FA recently indicated that they would not look favourably on any requests to join from clubs playing outwith the English border. At the time their representative said that Berwick Rangers had only gained entry as they played south of the River Tweed and that they had turned down requests from lower level teams in Wales as they would not do anything to weaken another football association.

[truehibernian]

He pulls all that off and I'll bring up my youngest a Jambo.

I'll lay a wager that Locke came up with the 'fountain' idea though eh.......old habits die hard as they say :greengrin

[Cabbage]

It's getting to the point where the Scotsman (£1.20!!!) is going to have to fold or go online only. On a financial basis, there's no reason to continue. When I left (2004) it was still doing just under 90,000 copies daily. I've not been in the building for a couple of years but I know a couple of 'high ups' in addition to the 'rank and file' who tell me that the atmosphere in the place is poisonous with back-biting and internal politics at an all-time high.

Most of the poison and manoeuvring is coming from those who remain in the building who are (certainly in journalism), unemployable elsewhere. When I was there the place was stacked with people who came in, surfed the net, filed a 500-word story and went home. There's still a few of them left.


FWIW, I think the Evening News is still a decent paper. It needs to be.

I left in 2010 and the circulation had dropped drastically. The atmosphere described by your friend is spot on.

[YehButNoBut]

He's wasted his money instructing QCs (I'm assuming they mean Queens Counsel?) as the FA recently indicated that they would not look favourably on any requests to join from clubs playing outwith the English border. At the time their representative said that Berwick Rangers had only gained entry as they played south of the River Tweed and that they had turned down requests from lower level teams in Wales as they would not do anything to weaken another football association.

He's added a long reply re this, about Scottish Football Clubs v The FA and how it's Bosman for the Clubs, and adds details of how Ampersand's Eoghainn MacLean writes on Competition Law.

If you can be bothered reading it all it's on this link under the reply at his post - Imperial Echoes @ 3:33pm

He also claims BDO and Valnetas are also fully aware of this proposal which is worth £7.5m for the CVA and that when Club 9 let him down it has taken a couple of weeks to amend the HMFC Limited bid.

http://www.scotsman.com/sport/football/latest/hearts-administration-ian-murray-defends-role-1-3056761

[the_ginger_hibee]

All this is true.

FoH have prepared a counter offer however which is being kept very secret. The 'on-the-ball' Evening News has re-tweeted this picture proving #IamanMP has gazumped the HMFC bid by going one better -

10872

[hibees 7062]

I still receive and answer some 700 emails a day

So he is receiving and answering an email every 2 minutes , 24 hours a day . Really ?

Slavering fat :jamboclow

[Treadstone]

I still receive and answer some 700 emails a day

So he is receiving and answering an email every 2 minutes , 24 hours a day . Really ?

Slavering fat :jamboclow

As he says he works '70-80' hours a week its actually a better rate than one a minute.

[clerriehibs]

Agreed. It's The Edinburgh Evening Curtain-Twitcher as far I'm concerned.

Cracking description.

[hibees 7062]

As he says he works '70-80' hours a week its actually a better rate than one a minute.

I know , hes good eh :greengrin

[Deansy]

Interesting post in the Scotsman forum from someone who claims to be ITK re the HMFC bid, he claims they will be back in with a bid that will blow FoH out the water.

Can they still make a bid now that FoH have been named as preferred bidder?

Details of bid are as below, with no 10 being an interesting one with the Yams applying to play down south.

Some wild claims that would need substantial funding, someone taking the pi ss, fantasy or some substance. :dunno:



1 HMFC Limited's bid will provide a new 25,000 capacity stadium as a valuable income generator for the Hearts over the next 30 years.

2 There is no need for fans to dip into their pockets.

3 The ownership will be in the hands of local Hearts supporters.

4 Hearts fans will be represented on the new BoD.

5 Tynecastle will be retained for posterity and developed like Highbury, retaining Hearts HQ, conference & exhibition facilities and museum etc in a newly modified main stand.

6 The three stands will be dismantled and sold to Knockhill Racing Circuit.

7 The ground will be tastefully developed into an open space with surrounding 'terracing' available for former fans ashes and a memorial fountain in the centre circle.

8 The funding will come from new money generated by the stadium.

9 Bob Jamieson has worked on this proposal for over two years.

10 He has also instructed three top QCs and an advocate at Ampersand to provide a report on the possibility of a successful application to join the English Championship. Their report was ready in May and the advice is that the application would be 99% successful.

Ha-ha-ha - absolutely reeks of - "Honestly, we ARE a big club, please believe me, we've been thinking it for years so it must be true" !!!

[Dunderhall]

Interesting post in the Scotsman forum from someone who claims to be ITK re the HMFC bid, he claims they will be back in with a bid that will blow FoH out the water.

Can they still make a bid now that FoH have been named as preferred bidder?

Details of bid are as below, with no 10 being an interesting one with the Yams applying to play down south.

Some wild claims that would need substantial funding, someone taking the pi ss, fantasy or some substance. :dunno:



1 HMFC Limited's bid will provide a new 25,000 capacity stadium as a valuable income generator for the Hearts over the next 30 years.

2 There is no need for fans to dip into their pockets.

3 The ownership will be in the hands of local Hearts supporters.

4 Hearts fans will be represented on the new BoD.

5 Tynecastle will be retained for posterity and developed like Highbury, retaining Hearts HQ, conference & exhibition facilities and museum etc in a newly modified main stand.

6 The three stands will be dismantled and sold to Knockhill Racing Circuit.

7 The ground will be tastefully developed into an open space with surrounding 'terracing' available for former fans ashes and a memorial fountain in the centre circle.

8 The funding will come from new money generated by the stadium.

9 Bob Jamieson has worked on this proposal for over two years.

10 He has also instructed three top QCs and an advocate at Ampersand to provide a report on the possibility of a successful application to join the English Championship. Their report was ready in May and the advice is that the application would be 99% successful.

5. Developed like Highbury, that will be Highbury Square with 750 flats, has anyone told Ian Murray?
As for the newly modified main stand. :greengrin

[joe breezy]

Highbury does still look like a stadium though - it's quite bizarre - I've got two friends that live in those flats

[Gus Fring]

Highbury does still look like a stadium though - it's quite bizarre - I've got two friends that live in those flats

:agree: I walked past them a few weeks ago. They've basically just built flats into the stands, it looks bloody weird.

[steakbake]

Interesting post in the Scotsman forum from someone who claims to be ITK re the HMFC bid, he claims they will be back in with a bid that will blow FoH out the water.

Can they still make a bid now that FoH have been named as preferred bidder?

Details of bid are as below, with no 10 being an interesting one with the Yams applying to play down south.

Some wild claims that would need substantial funding, someone taking the pi ss, fantasy or some substance. :dunno:



1 HMFC Limited's bid will provide a new 25,000 capacity stadium as a valuable income generator for the Hearts over the next 30 years.

2 There is no need for fans to dip into their pockets.

3 The ownership will be in the hands of local Hearts supporters.

4 Hearts fans will be represented on the new BoD.

5 Tynecastle will be retained for posterity and developed like Highbury, retaining Hearts HQ, conference & exhibition facilities and museum etc in a newly modified main stand.

6 The three stands will be dismantled and sold to Knockhill Racing Circuit.

7 The ground will be tastefully developed into an open space with surrounding 'terracing' available for former fans ashes and a memorial fountain in the centre circle.

8 The funding will come from new money generated by the stadium.

9 Bob Jamieson has worked on this proposal for over two years.

10 He has also instructed three top QCs and an advocate at Ampersand to provide a report on the possibility of a successful application to join the English Championship. Their report was ready in May and the advice is that the application would be 99% successful.

Has the Perrier Award been dishes out yet? If not, I think we have a winner...

[Hibby70]

Interesting post in the Scotsman forum from someone who claims to be ITK re the HMFC bid, he claims they will be back in with a bid that will blow FoH out the water.



6 The three stands will be dismantled and sold to Knockhill Racing Circuit.



Not according to Jill Shedden they ain't.

[grunt]

8 The funding will come from new money generated by the stadium.This is obviously where Hibs have been doing it wrong. Our stadium costs us money, but the new Hearts stadium will generate funds.

[poolman]

Interesting post in the Scotsman forum from someone who claims to be ITK re the HMFC bid, he claims they will be back in with a bid that will blow FoH out the water.

Can they still make a bid now that FoH have been named as preferred bidder?

Details of bid are as below, with no 10 being an interesting one with the Yams applying to play down south.

Some wild claims that would need substantial funding, someone taking the pi ss, fantasy or some substance. :dunno:



1 HMFC Limited's bid will provide a new 25,000 capacity stadium as a valuable income generator for the Hearts over the next 30 years.

2 There is no need for fans to dip into their pockets.

3 The ownership will be in the hands of local Hearts supporters.

4 Hearts fans will be represented on the new BoD.

5 Tynecastle will be retained for posterity and developed like Highbury, retaining Hearts HQ, conference & exhibition facilities and museum etc in a newly modified main stand.

6 The three stands will be dismantled and sold to Knockhill Racing Circuit.

7 The ground will be tastefully developed into an open space with surrounding 'terracing' available for former fans ashes and a memorial fountain in the centre circle.

8 The funding will come from new money generated by the stadium.

9 Bob Jamieson has worked on this proposal for over two years.

10 He has also instructed three top QCs and an advocate at Ampersand to provide a report on the possibility of a successful application to join the English Championship. Their report was ready in May and the advice is that the application would be 99% successful.


That must have been written by Enid Blyton

[Kato]

Interesting post in the Scotsman forum from someone who claims to be ITK re the HMFC bid, he claims they will be back in with a bid that will blow FoH out the water.

Can they still make a bid now that FoH have been named as preferred bidder?

Details of bid are as below, with no 10 being an interesting one with the Yams applying to play down south.

Some wild claims that would need substantial funding, someone taking the pi ss, fantasy or some substance. :dunno:



1 HMFC Limited's bid will provide a new 25,000 capacity stadium as a valuable income generator for the Hearts over the next 30 years.

2 There is no need for fans to dip into their pockets.

3 The ownership will be in the hands of local Hearts supporters.

4 Hearts fans will be represented on the new BoD.

5 Tynecastle will be retained for posterity and developed like Highbury, retaining Hearts HQ, conference & exhibition facilities and museum etc in a newly modified main stand.

6 The three stands will be dismantled and sold to Knockhill Racing Circuit.

7 The ground will be tastefully developed into an open space with surrounding 'terracing' available for former fans ashes and a memorial fountain in the centre circle.

8 The funding will come from new money generated by the stadium.

9 Bob Jamieson has worked on this proposal for over two years.

10 He has also instructed three top QCs and an advocate at Ampersand to provide a report on the possibility of a successful application to join the English Championship. Their report was ready in May and the advice is that the application would be 99% successful.

{Sorry for the language but it's sometimes required in the face of deluded nonsense}

What a load of ****ing waffle.

[Sanger]

Interesting post in the Scotsman forum from someone who claims to be ITK re the HMFC bid, he claims they will be back in with a bid that will blow FoH out the water.

Can they still make a bid now that FoH have been named as preferred bidder?

Details of bid are as below, with no 10 being an interesting one with the Yams applying to play down south.

Some wild claims that would need substantial funding, someone taking the pi ss, fantasy or some substance. :dunno:



1 HMFC Limited's bid will provide a new 25,000 capacity stadium as a valuable income generator for the Hearts over the next 30 years.

2 There is no need for fans to dip into their pockets.

3 The ownership will be in the hands of local Hearts supporters.

4 Hearts fans will be represented on the new BoD.

5 Tynecastle will be retained for posterity and developed like Highbury, retaining Hearts HQ, conference & exhibition facilities and museum etc in a newly modified main stand.

6 The three stands will be dismantled and sold to Knockhill Racing Circuit.

7 The ground will be tastefully developed into an open space with surrounding 'terracing' available for former fans ashes and a memorial fountain in the centre circle.

8 The funding will come from new money generated by the stadium.

9 Bob Jamieson has worked on this proposal for over two years.

10 He has also instructed three top QCs and an advocate at Ampersand to provide a report on the possibility of a successful application to join the English Championship. Their report was ready in May and the advice is that the application would be 99% successful.
Don't worry Bob the men in white coats are coming for you soon. Keep calm until they arrive.

[BarneyK]

Interesting post in the Scotsman forum from someone who claims to be ITK re the HMFC bid, he claims they will be back in with a bid that will blow FoH out the water.

Can they still make a bid now that FoH have been named as preferred bidder?

Details of bid are as below, with no 10 being an interesting one with the Yams applying to play down south.

Some wild claims that would need substantial funding, someone taking the pi ss, fantasy or some substance. :dunno:



1 HMFC Limited's bid will provide a new 25,000 capacity stadium as a valuable income generator for the Hearts over the next 30 years.

2 There is no need for fans to dip into their pockets.

3 The ownership will be in the hands of local Hearts supporters.

4 Hearts fans will be represented on the new BoD.

5 Tynecastle will be retained for posterity and developed like Highbury, retaining Hearts HQ, conference & exhibition facilities and museum etc in a newly modified main stand.

6 The three stands will be dismantled and sold to Knockhill Racing Circuit.

7 The ground will be tastefully developed into an open space with surrounding 'terracing' available for former fans ashes and a memorial fountain in the centre circle.

8 The funding will come from new money generated by the stadium.

9 Bob Jamieson has worked on this proposal for over two years.

10 He has also instructed three top QCs and an advocate at Ampersand to provide a report on the possibility of a successful application to join the English Championship. Their report was ready in May and the advice is that the application would be 99% successful.

That's hilarious. Well done to whoever came up with that :thumbsup:


Not according to Jill Shedden they ain't.

Tell me you never actually asked her if this was true...
* I've seen some abnormal loads heading over the bridge but that'd be ridiculous

[greenginger]

Tell me you never actually asked her if this was true...
* I've seen some abnormal loads heading over the bridge but that'd be ridiculous


The thought of of dismantling the stands and re-erecting them somewhere else is just insane.

They have been up for 20 odd years and any bolt fixings will have rusted solid and you can't just cut up the various beams and weld them together again and produce a structurally safe construction.

It would cost more to move them than purpose built stands.

Their only value is in SCRAP !

[Moulin Yarns]

The thought of of dismantling the stands and re-erecting them somewhere else is just insane.

They have been up for 20 odd years and any bolt fixings will have rusted solid and you can't just cut up the various beams and weld them together again and produce a structurally safe construction.

It would cost more to move them than purpose built stands.

Their only value is in SCRAP !


But it's made of meccano.

http://www.meccano.com/uk/

[Bostonhibby]

This is obviously where Hibs have been doing it wrong. Our stadium costs us money, but the new Hearts stadium will generate funds.

:crazy:Classic yamenomics here, they start off in debit on this "venture" so a debt fuelled start, and then they are hoping tiny just goes away or costs nothing to maintain or demolish and clear? maybe its going to generate cash and heat as a result of a timely fire.

Their problem is that they have never really run the business side of a club properly within their means, so lacking the fundamentals and any restraint whatsoever they just dream up these splash the cash type ideas.

Problem here might be there's no unknowing third parties cash around to exploit and ultimately steal and hopefully public sector bodies like the council HMRC and HWU plus the charities will do a better job of making sure their cash is paid to them rather than salted off to wherever the Lith authorities ultimately show it went.

[Fife-Hibee]

Museum !! Hahaha ! WTF would they put in it !!

[Bostonhibby]

Museum !! Hahaha ! WTF would they put in it !!

Quite a lot of what might have gone in was fire sold or pillaged before the big crash and there was a story about a particular medal being stolen (which I do find despicable) so they probably won't have much authentic historical items left.

I suspect they will get by with inventing some new stuff for the new club and medals mackay should be able to help them fill a few cabinets to get them started.

[BarneyK]

Museum !! Hahaha ! WTF would they put in it !!

War memorabilia? :aok:

[Phil D. Rolls]

Anyone who can't see this latest business plan is a wind up, is a Yam.

[Joy Zipper]

Done :-)

Long winded reply from Ian Murray...


Many thanks for taking the time to email me with regards to the position at Hearts.

Can I firstly address the point about Administration. This is a normal, but hugely regrettable, part of day to day business. We have seen it in lots of industries and sectors in recent times where companies have not been able to continue. The legal status of an administration is to allow a company in distress to find a way of continuing to trade. It is a horrible process at it tends of mean significant job losses and, as you mention, a freezing of debts owed to creditors. The only way out of administration for any business wishing to continue to trade is to be sold and, in the process, for the creditors to get all or a proportion of their debts repaid. Most administrations deliver somewhere between 6p and 20p in the £ if a creditors voluntary agreement can agreed. If an agreement cannot be reached then the company is liquidated, assets sold and that is the distributed to the creditors.

The law around administrations has been designed and developed to prevent companies from going into liquidation. In essence, an administration is the best of a bad situation in the sense that jobs and the business can be saved as opposed to it closing completely. Some of the more high profile administrations in the car industry saved the factories and the sector is now stronger than it has been in 30 years.

Superimposing this legal and business process to Hearts, however, is more complicated in the sense that the company has been badly run for some time and living well above the level of revenues that would support its expenditure. However, whilst the owner was able to service the additional expenditure it wasn't too much of a problem. Indeed, many businesses, not just football clubs, survive on the owners supporting expenditure.

On a very small scale, when I ran my own businesses, I often put my own money in to cover cash flow problems or one off expenditure. If there was no money to be able to do this my business, on occasions, would have struggled.

The important aspect is to save the club, get it on a sustainable financial footing and trade forward. This allows the ongoing bills to be paid both now and for decades to come.

In terms of the creditors list, it is actually inaccurate. I know this as I'm a Trustee of Mcraes Battalion Trust and have been for nearly 10 years. They are owed no money as is the Poppy Factory. That doesn't excuse the list but clears up some of the inaccuracies.

I think it is hugely regrettable when any business enters administration but especially in the circumstances where it was obvious it could not trade at those levels. There are legal mechanisms in place to deal with this, e.g. Directors of any business are criminally liable if they trade knowing that a business is insolvent.

The "punishment" you speak of is covered by administration and insolvency law. There is a difficulty in relaying these debts if the company trades forward as you are not, by law, allowed to give anyone preferred creditor status by paying them over another creditor.

It's a complicated legal process and I'm currently looking at the law around insolvency as it falls within my Shadow Ministerial Business portfolio in order to see how it can better protect creditors. A recent example is the demise of Comet and HMV where the law does not allow for gift card and gift vouchers to be seen as anything other than another creditor.

I hope I have provided an explanation as to the law and the process.

I agree that people lose out and this is absolutely dreadful but I hope that any administration process for any business allows jobs and businesses to be saved rather than allowing them to fall. I also hope that the creditors can be compensated in as far as possible in the CVA process.

Many thanks for getting in touch.

[lapsedhibee]

I know this as I'm a Trustee of Mcraes Battalion Trust and have been for nearly 10 years.

Maybe after another ten you'll be able to spell McCraes, farquing halfwit.

[Stevie Reid]

In terms of the creditors list, it is actually inaccurate. I know this as I'm a Trustee of Mcraes Battalion Trust and have been for nearly 10 years. They are owed no money as is the Poppy Factory. That doesn't excuse the list but clears up some of the inaccuracies.


Fantastic.

[Dunderhall]

Museum !! Hahaha ! WTF would they put in it !!

A stronger cabinet with a decent lock?


In terms of the creditors list, it is actually inaccurate. I know this as I'm a Trustee of Mcraes Battalion Trust and have been for nearly 10 years. They are owed no money as is the Poppy Factory. That doesn't excuse the list but clears up some of the inaccuracies.


Spin of the finest type.
There was money owed, the fact it wast paid by a 3rd party doesn't change the situation as regards the creditor list.
Surely BDO would have removed them in the recently updated report if it was an error.
Just ignore the holding back of £34k to Big Hearts for a start to prop up an unstainable business has he admits.

[joe breezy]

Museum !! Hahaha ! WTF would they put in it !!

They need a big museum for all the many big cups they've won

[clerriehibs]

The thought of of dismantling the stands and re-erecting them somewhere else is just insane.

They have been up for 20 odd years and any bolt fixings will have rusted solid and you can't just cut up the various beams and weld them together again and produce a structurally safe construction.

It would cost more to move them than purpose built stands.

Their only value is in SCRAP !


They're historic monuments, though. Those bloody stands won us the wars!

[PapillonVert]

Long winded reply from Ian Murray, seems a bit generic...


Can I firstly address the point about Administration. This is a normal, but hugely regrettable, part of day to day business. We have seen it in lots of industries and sectors in recent times where companies have not been able to continue. The legal status of an administration is to allow a company in distress to find a way of continuing to trade.

Just a tad disingenuous there, methinks.

Yes, businesses go into admin every day of the week. But this was a football club that financially doped itself in order to buy success on the pitch and in the process deliberately deprived the public purse of what it was due and also gave itself an unfair advantage over all the other clubs it was competing with who did pay their bills and who did do their best to meet their legal and societal obligations.

In other words, this was no attempt to run a sound business that just ran into trouble due to the current financial and political situation but pure cheating on a grand scale. That probably qualifies as "normal" in Yam-land but not in any other area.

Still no attempt to address the underlying moral issues but rather try to sweep it all under the carpet and present HMFC as the victim.

[Springbank]

Long winded reply from Ian Murray, seems a bit generic......
Thanks for following that one up

Sounds like he hasn't given any thought as to whether current insolvency legislation needs revisited, just happy to hide behind it

[jacomo]

Has the Perrier Award been dishes out yet? If not, I think we have a winner...

No great surprise that BDO dismissed Bob Jamieson's effort, if this alleged plan in any way resembles his proposals. Pure make-believe.

However, I wouldn't believe anything that gets posted on the Scotsman site. It's just full of bams baiting each other - fun enough if that's your thing, but that's all it is.

[Hibby70]

That's hilarious. Well done to whoever came up with that :thumbsup:



Tell me you never actually asked her if this was true...
* I've seen some abnormal loads heading over the bridge but that'd be ridiculous

Not me directly, but someone i know did make her aware of it for fun rather than ask her if it was true.

[Kato]

Thanks for following that one up

Sounds like he hasn't given any thought as to whether current insolvency legislation needs revisited, just happy to hide behind it

Not forgetting David Southern who told lie after blatent lie about the ****s financial status up to the last but who is seen as a fit and proper person to remain in their employ. ImanMP would need to use a lot of his soft soap to wriggle out of that one. Saying that MP's seem to have an endless supply.

[Pedantic_Hibee]

Hearts DELIBERATELY robbed companies and charities alike and spent the money on chasing pipe-dreams. Truly disgusting and vile "club".

[Weststandwanab]

Thanks for following that one up

Sounds like he hasn't given any thought to anything

Sorted that for you.

[21.05.2016]

Hearts DELIBERATELY robbed companies and charities alike and spent the money on chasing pipe-dreams. Truly disgusting and vile "club".

:agree: no shame

[clerriehibs]

Hearts DELIBERATELY robbed companies and charities alike and spent the money on chasing pipe-dreams. Truly disgusting and vile "club".

Bad enough; worse, is that homfc fans looked the other way. I know we all know and/or are related to homfc fans, but collectively, the romanov years really did lower their shame threshold. ****, in other words.

[Dashing Bob S]

Bad week for Homfc, no juicy liquidation news, just flatulent nonsense from the likes of Murray. Hope they do better this coming week.

[weecounty hibby]

There seems to be a real love in just now for the despicable, low lives rom across the city. Did anyone else hear Willie Miller on the radio yesterday at the end of their game. It was very reminiscent of the Danish commentator just after Denmark had beaten England back in the 80s. I was actually shouting at the radio to shut the **** up! It was cringeworthy.
We are now in a position where not only are the media ignoring the financial cheating. You know the ripping off of everyone from their own fans to the governments of both the uk and Lithuania and any number of small businesses. The media now seam to be creaming themselves about the fact that the could stay up. Its actually almost beyond belief when compared to some of the reporting about our club

[Boyle89]

Tbf it has been a good start by hearts (still raging we lost that game). Are you expecting a pundit to just come out and say "Actually I hope that disgrace of a club die and don't come back in any way shape or form. They've cheated their way to, marginal, success and left behind a list of creditors including charities. Such disgusting actions can only be rightly punished by disappearing from Scottish football and never having the privalige to grace the senior game again. I hope they die!"
Sadly that just isn't going to happen. As much as we want it to...

[ManBearPig]

Dont worry the love in bubble will burst.

[connerg]

There seems to be a real love in just now for the despicable, low lives rom across the city. Did anyone else hear Willie Miller on the radio yesterday at the end of their game. It was very reminiscent of the Danish commentator just after Denmark had beaten England back in the 80s. I was actually shouting at the radio to shut the **** up! It was cringeworthy.
We are now in a position where not only are the media ignoring the financial cheating. You know the ripping off of everyone from their own fans to the governments of both the uk and Lithuania and any number of small businesses. The media now seam to be creaming themselves about the fact that the could stay up. Its actually almost beyond belief when compared to some of the reporting about our club

Don't listen to Sportsound. I stopped years ago.

[MADE IN LEITH]

There seems to be a real love in just now for the despicable, low lives rom across the city. Did anyone else hear Willie Miller on the radio yesterday at the end of their game. It was very reminiscent of the Danish commentator just after Denmark had beaten England back in the 80s. I was actually shouting at the radio to shut the **** up! It was cringeworthy.
We are now in a position where not only are the media ignoring the financial cheating. You know the ripping off of everyone from their own fans to the governments of both the uk and Lithuania and any number of small businesses. The media now seam to be creaming themselves about the fact that the could stay up. Its actually almost beyond belief when compared to some of the reporting about our club
I wouldn't worry about it, its obvious the CVA will be agreed sooner or later and they will be in a better financial position than most clubs in the Scottish Premiership, they may well even beat the drop. It will take them a while to get back to operating more efficiently through the years and they will eventually get there, however I am a strong believer in that everything goes in cycles and that they will one day (maybe not in my lifetime) pay for this. I wouldn't be too upset about the cups they have won through the last few years as Hibernian will repeat the feat and embarrass them one day. Oh yes it will happen, in my lifetime, well I can't answer that.

[#FromTheCapital]

I wouldn't worry about it, its obvious the CVA will be agreed sooner or later and they will be in a better financial position than most clubs in the Scottish Premiership, they may well even beat the drop. It will take them a while to get back to operating more efficiently through the years and they will eventually get there, however I am a strong believer in that everything goes in cycles and that they will one day (maybe not in my lifetime) pay for this. I wouldn't be too upset about the cups they have won through the last few years as Hibernian will repeat the feat and embarrass them one day. Oh yes it will happen, in my lifetime, well I can't answer that.

How is it obvious that a CVA will be agreed? Nobody knows for sure yet. Only last week ukio's admin came out and said that FoH offer wasn't the best (this was ignored by Scottish media). Don't get me wrong they might get out of this mess but there's still a lot that can go wrong for them.

**** the hearts.

[Hibernia&Alba]

Tbf it has been a good start by hearts (still raging we lost that game). Are you expecting a pundit to just come out and say "Actually I hope that disgrace of a club die and don't come back in any way shape or form. They've cheated their way to, marginal, success and left behind a list of creditors including charities. Such disgusting actions can only be rightly punished by disappearing from Scottish football and never having the privalige to grace the senior game again. I hope they die!"
Sadly that just isn't going to happen. As much as we want it to...

That's exactly what I'd expect, in the name of journalistic integrity. Hearts deserve a Panaroma special, just like Old Huns. There's criminality and corruption here - a great story for any investigative reporter worth their salt. If the Edinburgh Evening News wasn't a Hearts fanzine, they'd have had a Watergate type story. Let's have the whole truth :devil:

[SMAXXA]

https://audioboo.fm/boos/1563792-ian-murray-pitchside-at-tynecastle

Fuds the lot of them

[#FromTheCapital]

they are the weakest team in the league and as for there CVA who the hell is going to accept 0 pence in the pound ? not going to happen

There's no reason for them to not accept it. They're getting nothing either way so no point in rejecting it other than spite. Dunfermline had their recent 0 pence in the pound CVA accepted.
The only votes that are going to matter are ukio, ubig and hmrc. Hmrc is a guaranteed no but if ubig vote yes then that won't matter. The most important thing for hearts is that the offer is good enough for the only secured creditor- Ukio. And at the moment that is doubtful.