Share Transfers Agreed/Cooling off period

[lapsedhibee]

WOW, that is some deal that BDO have worked with UKOI BANKAS and UBIG. Looks like they have managed to get their mits (an agreement to!) on all 108.87% of the shares. That Jackson is a magician.

http://www.scotsman.com/sport/football/spfl/deal-secures-hearts-future-but-cash-may-run-out-1-3293216


The transfer of fallen Lithuanian investment company Ubig’s 78.97 per cent stake for a five-figure fee is regarded as the last major hurdle in a complex process to save the 140-year-old institution. Would-be owners the Foundation, who are backed by over 7,600 fans making monthly donations, had already agreed to buy secured creditor Ukio Bankas’ 29.9 per cent shareholding for £2.5 million


BBC are no better

http://www.bbc.co.uk/sport/0/football/26015862

UBIG agreed to transfer its 78.97% stake in the club to fans.

FoH and its financial backers are offering about £2.5m for the club, with the majority going to Ukio Bankas, which has a 28.79% stake in the club

All big businesses do maths this way :agree:

[kev1875]

Sidney is that you? Absolute desperation, embarrassing.

Hearts ****

[Greencore]

So what happens , foh get control. No debt and back to square one? Buying players they can't afford?

[Hibbyradge]

So what happens , foh get control. No debt and back to square one? Buying players they can't afford?

They will immediately have debt, if and when, FOH get control.

They must pay all their outstanding football debts, plus they will owe their backers the best part of £3m for the shares.

What will they use to buy players?

[Aldo]

So what happens , foh get control. No debt and back to square one? Buying players they can't afford?

FOF take control and the Circus just keeps rolling along. DD will slowly dwindle and doubt they have a plan B.

As for buy players they cannot afford. Doubt that will happen, but if they want to DAD on. 2nd administration will not be far away.
The arrogance of the roaster fans on the other hand want the likes of May and Mackay. Really!!

[Greencore]

They will immediately have debt, if and when, FOH get control.

They must pay all their outstanding football debts, plus they will owe their backers the best part of £3m for the shares.

What will they use to buy players?
No I was just asking what would happen next. I've not been paying attention to the situation much and just get the feeling they think that they will be able to sign players as normal again and not face consequences for the clubs actions.

[#FromTheCapital]

So what happens , foh get control. No debt and back to square one? Buying players they can't afford?

They'll still have debt which has to be repaid asap. Nowhere near as much debt as the 20 odd million that's been with them for 10+ years though. Going into admin has allowed them to bump a lot of creditors out of a lot of money which is why they'll always be branded cheats.

[Geo_1875]

WOW, that is some deal that BDO have worked with UKOI BANKAS and UBIG. Looks like they have managed to get their mits (an agreement to!) on all 108.87% of the shares. That Jackson is a magician.

http://www.scotsman.com/sport/football/spfl/deal-secures-hearts-future-but-cash-may-run-out-1-3293216


The transfer of fallen Lithuanian investment company Ubig’s 78.97 per cent stake for a five-figure fee is regarded as the last major hurdle in a complex process to save the 140-year-old institution. Would-be owners the Foundation, who are backed by over 7,600 fans making monthly donations, had already agreed to buy secured creditor Ukio Bankas’ 29.9 per cent shareholding for £2.5 million


BBC are no better

http://www.bbc.co.uk/sport/0/football/26015862

UBIG agreed to transfer its 78.97% stake in the club to fans.

FoH and its financial backers are offering about £2.5m for the club, with the majority going to Ukio Bankas, which has a 28.79% stake in the club

And Don't forget Big Olga's 15%. That makes them an even bigger team.

[The_Todd]

They think they're saved but the best analogy I can think of is walking into a car showroom and striking a deal with the cleaner. The cleaner has no authority to sell the car.

[nribs]

Jackson in today's metro saying they have money to last 8 weeks!? C'Mon the weeks

[Ray_]

If they can just get hold of the shares I think they might get through this. FOH have the benefit of experienced politicians like Ian Murray and Lord Foulkes who will be able to use their track record managing public funds in the running of the club. The FOH expense sheets will be of particular interest in the coming years not just for these politicians claims, but for more rudimentary individuals such as ex-players.

Wait until they put their expense claims in! That'll need a new round of cake sales & Rudi's bar skills.

[Ronniekirk]

If they can just get hold of the shares I think they might get through this. FOH have the benefit of experienced politicians like Ian Murray and Lord Foulkes who will be able to use their track record managing public funds in the running of the club. The FOH expense sheets will be of particular interest in the coming years not just for these politicians claims, but for more rudimentary individuals such as ex-players.
There is no guarantee so called experienced Politicians can manage finances any better you only have to look at the over spends on the new parliament and the trams .

[Weststandwanab]

Not sure if I am reading this right (BBC story) but I see the initial deal for the shares has been done but the stadium has still not even been discussed.

I would love it to be true (Kevin Keegan style). Sure, you can have shares in a club that is worth nothing but we will keep your biggest asset and try and get as much money as possible for it by selling to the highest bidder. That is not how this game works - see CWG answer.


If they can just get hold of the shares I think they might get through this. FOH have the benefit of experienced politicians like Ian Murray and Lord Foulkes who will be able to use their track record managing public funds in the running of the club. The FOH expense sheets will be of particular interest in the coming years not just for these politicians claims, but for more rudimentary individuals such as ex-players. Experienced in what ?

[Glesgahibby]

DR/Scotsman are both stating they broke this story two weeks ago.
The story then was,a verbal agreement had taken place between FOH and UBIGs admins for purchase of shares.DR/Scotsman are now stating agreement has been made to transfer shares after"UBIGs creditors meeting agrees this" and the" Lithuanian court unfreeze(rubber stamps)the shares".
For reassurance in my own sanity,I have shown these story's to friends/family who have no interest in football whatsoever.There conclusion "EXACT SAME STORY"as two weeks ago.
No written agreement,no date for meeting,no court date and still in administration !

[CropleyWasGod]

There is no guarantee so called experienced Politicians can manage finances any better you only have to look at the over spends on the new parliament and the trams .

Whoosh :greengrin

[CropleyWasGod]

They think they're saved but the best analogy I can think of is walking into a car showroom and striking a deal with the cleaner. The cleaner has no authority to sell the car.

Better analogy is the one I used earlier.

You and I agree that you are buying my house. There is an inhibition on the sale of the house. There can therefore be no sale.

[EuanH78]

Banderson tweeting hmfc money will run out end of march but foh are able to provide funding shortfall.

Thoughts, resident experts?

[Craig_in_Prague]

Hibs will win the Scottish Cup.

Subject to scoring more goals in the final than their opponents, but Terry Butcher has a verbal agreement with his squad & that it was they'd like to happen.

[CropleyWasGod]

Banderson tweeting hmfc money will run out end of march but foh are able to provide funding shortfall.

Thoughts, resident experts?

According to the FOH constitution, which someone posted on here, I'm not sure that's in their powers.

That said, if it's the difference between keeping the club going and the L word, I would expect enough members to vote to change the consitution.

[Platinum Scotty]

According to the FOH constitution, which someone posted on here, I'm not sure that's in their powers.

That said, if it's the difference between keeping the club going and the L word, I would expect enough members to vote to change the consitution.

Thanks CWG - must confess its always a bit confusing for me with this lot but for once what I thought is what you've confirmed......would be interesting to see how quickly they can change their constitution tho.............

[GlasgowHibee]

Banderson tweeting hmfc money will run out end of march but foh are able to provide funding shortfall.

Thoughts, resident experts?

They won't run out of money, FOH must have well over a million in the bank now and Jackson and co' can release the begging bowls for the spuds to empty their monthly social into "their" club.

[StevieC]

Banderson tweeting hmfc money will run out end of march but foh are able to provide funding shortfall.
Thoughts, resident experts?

I'm no expert, resident or otherwise, but I said a week ago that I expect the DD money to be used to get Hearts to the end of the season. I know it goes against the original purpose for the DD money, and that they could also find that it gets used and they still get liquidated, but if it gives them a glimmer of hope then they'll just do it. At least this time they will have an opportunity to ask those donating, as opposed to the "fake" share issue.

[Craig_in_Prague]

I'm no expert, resident or otherwise, but I said a week ago that I expect the DD money to be used to get Hearts to the end of the season. I know it goes against the original purpose for the DD money, and that they could also find that it gets used and they still get liquidated, but if it gives them a glimmer of hope then they'll just do it. At least this time they will have an opportunity to ask those donating, as opposed to the "fake" share issue.

I think it's all on timescales.
I'm an MP Ian Murray was on Radio Scotland earlier and if it's a case of ticking things over for a number of weeks, he is sure that will happen. But, if it's more likely to be months.... different story.

Really hope the meetings in Lithuania keep getting pushed out.

'mon the slippage

[StevieC]

They won't run out of money, FOH must have well over a million in the bank now and Jackson and co' can release the begging bowls for the spuds to empty their monthly social into "their" club.

As much as that? Aren't the figures something like 6,800 donating an average of £16?
I was thinking that it would be less than half that amount just now and (assuming no cancellations) it wouldn't be anywhere near that amount by the time it's needed to be used.

[greenginger]

I'm no expert, resident or otherwise, but I said a week ago that I expect the DD money to be used to get Hearts to the end of the season. I know it goes against the original purpose for the DD money, and that they could also find that it gets used and they still get liquidated, but if it gives them a glimmer of hope then they'll just do it. At least this time they will have an opportunity to ask those donating, as opposed to the "fake" share issue.

I would have thought it would be a lot simpler just to start selling next seasons tickets.

Changing F0H constitution to allow the D/D cash to support an entity they don't own might be all.very.complex and who knows may require 100% approval of the fannies and Hibs.net may have a vote :cb

[ahibby]

DR/Scotsman are both stating they broke this story two weeks ago.
The story then was,a verbal agreement had taken place between FOH and UBIGs admins for purchase of shares.DR/Scotsman are now stating agreement has been made to transfer shares after"UBIGs creditors meeting agrees this" and the" Lithuanian court unfreeze(rubber stamps)the shares".
For reassurance in my own sanity,I have shown these story's to friends/family who have no interest in football whatsoever.There conclusion "EXACT SAME STORY"as two weeks ago.
No written agreement,no date for meeting,no court date and still in administration !

The Monday story was obviously a re-hash to try and lift their spirits (Hearts fans) after being humiliated by ICT. I'm surprised at the Media (especially BBC) for letting Hearts manipulate them in such a way that makes them look pathetic.

[GlasgowHibee]

As much as that? Aren't the figures something like 6,800 donating an average of £16?
I was thinking that it would be less than half that amount just now and (assuming no cancellations) it wouldn't be anywhere near that amount by the time it's needed to be used.

Thought it was a bit more than that myself, "Pleasing" :greengrin

[7062]

According to the FOH constitution, which someone posted on here, I'm not sure that's in their powers.

That said, if it's the difference between keeping the club going and the L word, I would expect enough members to vote to change the consitution.

Do you think the folk that are supposed to be due the money from the dd's are members? It would probably only be them that might not be happy.

[StevieC]

I think it's all on timescales.
I'm an MP Ian Murray was on Radio Scotland earlier and if it's a case of ticking things over for a number of weeks, he is sure that will happen. But, if it's more likely to be months.... different story.

Is there a figure for the monthly expenditure at Hearts?

I reckon that FoH could have around £800k to play with up until the start of next season. They would need to fund the club for 4 months once the BDO money runs out. Once next season starts they could effectively remain in administration for another season and survive on their season ticket, DD and matchday income.

I'm starting to think that they may actually avoid the big L, but they are really going to struggle (in the Championship) for the next two or three years.

[Glesgahibby]

The Monday story was obviously a re-hash to try and lift their spirits (Hearts fans) after being humiliated by ICT. I'm surprised at the Media (especially BBC) for letting Hearts manipulate them in such a way that makes them look pathetic.
:agree: Yip
i forgot to mention the BBC.
The best bit is,the yams buy this propaganda.
i notice this time there is no statement from the UBIG spokesperson/cleaner/doorman ?

[greenginger]

http://www.portsmouth.co.uk/sport/pompey/former-pompey-chairman-vladimir-antonov-to-be-extradited-1-5820027

Antonov sent back to face the music ( he will doubtless appeal )

All his assets frozen by Lithuanian Court including Convers Sports Initiatives plc which owned 100% of Portsmouth F C shares.

Shares still frozen, Portsmouth F C is now a Newco. :thumbsup:

[Platinum Scotty]

Is there a figure for the monthly expenditure at Hearts?

I reckon that FoH could have around £800k to play with up until the start of next season. They would need to fund the club for 4 months once the BDO money runs out. Once next season starts they could effectively remain in administration for another season and survive on their season ticket, DD and matchday income.

I'm starting to think that they may actually avoid the big L, but they are really going to struggle (in the Championship) for the next two or three years.

StevieC - would be good to see that monthly expenditure figure, if they havent got money to operate with from next month then the war chest to pay for next year and its football debt will not last long thats for sure.....would love for the outgoings to be higher than the projected incomings, which even if you look on Keekback that are "guessing and hoping" that its @ £121k a month, but thats probably optimistic!!!

I'm still hoping for the big L tho!

[Ross4356]

I am right in think we get our money from tickets sales, tv, sponsors and merchandise? If they are the same what will they need the FOH DD money for?

[CropleyWasGod]

I am right in think we get our money from tickets sales, tv, sponsors and merchandise? If they are the same what will they need the FOH DD money for?

To repay the people who put up the money for the purchase of the club.

[GreenLake]

Experienced in what ?

http://www.mirror.co.uk/news/uk-news/new-expenses-scandal-one-three-2792913#.UvDGOXnF8pE
http://www.scotsman.com/news/lord-foulkes-caught-in-163-54-000-expenses-row-1-1302626

[Hermit Crab]

http://www.mirror.co.uk/news/uk-news/new-expenses-scandal-one-three-2792913#.UvDGOXnF8pE
http://www.scotsman.com/news/lord-foulkes-caught-in-163-54-000-expenses-row-1-1302626

So pishy breeks has been caught out in the expenses scandal. Robbing *******

[Ozyhibby]

Hearts and Hibs both have turnovers around £7m per annum. If you are working to a balanced budget then both clubs spend about £583k per month.
This year, hearts will be spending less than that as they have cut costs back to the bone.

[Ross4356]

To repay the people who put up the money for the purchase of the club.

Cheers, what about after this is done?

[CropleyWasGod]

Cheers, what about after this is done?

If there are still any D/D's still being paid, it will be used for running costs.

[QMU-1875]

What will hurt them more is if we start winning games. The hurt and seethe over their if we won the Scottish this season would eclipse their liquidation. They are truly obsessed with the famous Hibernian FC.

[CropleyWasGod]

What will hurt them more is if we start winning games. The hurt and seethe over their if we won the Scottish this season would eclipse their liquidation. They are truly obsessed with the famous Hibernian FC.

:rolleyes:

[Juice-Terry]

They won't run out of money, FOH must have well over a million in the bank now and Jackson and co' can release the begging bowls for the spuds to empty their monthly social into "their" club.

But the money FOH have supposedly raised through DDs is meant to be spent on paying back whoever is putting up the money for the purchase of the club + part of next season's operating costs is it not? I would have thought FOH are very badly placed to spend any of that money for this season's running of the club?

[Ross4356]

If there are still any D/D's still being paid, it will be used for running costs.

So after the money they used to buy the club is paid off, say 3yrs, it won't make any difference whether they cancel the DD's or not and even during the 3yr period they could as a last resort get the money from the bank but this is unlikley as the people who gave them the cash initially are, "Hearts people".

I can't see any issue for them being able to run the club this way

[CropleyWasGod]

So after the money they used to buy the club is paid off, say 3yrs, it won't make any difference whether they cancel the DD's or not and even during the 3yr period they could as a last resort get the money from the bank but this is unlikley as the people who gave them the cash initially are, "Hearts people".

I can't see any issue for them being able to run the club this way

The D/D's can be cancelled at any time. In other words, there is no assurance that the debt will be paid off at all, and I think 3 years is optimistic.

[StevieC]

The hurt and seethe over their if we won the Scottish this season

:rolleyes:

The innocence of youth.

[grunt]

They are truly obsessed with the famous Hibernian FC.I feel obligated to point out that this is post 38000 plus on a thread about them! :D

[StevieC]

But the money FOH have supposedly raised through DDs is meant to be spent on paying back whoever is putting up the money for the purchase of the club + part of next season's operating costs is it not? I would have thought FOH are very badly placed to spend any of that money for this season's running of the club?

If the two options are (1) use the FoH money or (2) Liquidate .. then it is almost certain that there will be changes made to the FoH constitution (as suggested by CWG) that will allow them to use the money.

At the end of the day, how many supporters are going to object to their "donations" being used to "save" the club?

[Juice-Terry]

If the two options are (1) use the FoH money or (2) Liquidate .. then it is almost certain that there will be changes made to the FoH constitution (as suggested by CWG) that will allow them to use the money.

At the end of the day, how many supporters are going to object to their "donations" being used to "save" the club?

I'm sure that's the case, but this would surely put them in a *very* bad position next season - with less money for paying off the backers and fewer season tickets and Championship levels of income from sponsors and advertising etc.?

[StevieC]

I'm sure that's the case, but this would surely put them in a *very* bad position next season - with less money for paying off the backers and fewer season tickets and Championship levels of income from sponsors and advertising etc.?

Yes. :greengrin

[Onion]

Jackson in today's metro saying they have money to last 8 weeks!? C'Mon the weeks

More spin. Just happens to be the same timescale as when he thinks shares will be handed over. Expect that 8 weeks to shrink considerably over the next few days, as BDO start preparing their begging bowl.

[scott7_0(Prague)]

More spin. Just happens to be the same timescale as when he thinks shares will be handed over. Expect that 8 weeks to shrink considerably over the next few days, as BDO start preparing their begging bowl.

Coincidence. or not??

Sunday: Hearts go out the cup> no further revenue from that source

Monday: Need to get fans interested> a lets dress up the story from 2 weeks ago

Tuesday: Shares and Exit of Admin will be 8 weeks approx> BDO has cash flow for 8weeks

Wednesday Onwards: 11957

[QMU-1875]

:rolleyes:

The innocence of youth.

Really? They would be gutted.

[QMU-1875]

:rolleyes:

Loser attitude. I fully believe this could be our season, sick of the pessimism that follows this club like a bad smell. We will break this one day and a winner like butcher will know how to!

[Ozyhibby]

Provided they are willing to balance their books next season then I don't see a problem. The working capital part of FoH was to complete this season (they thought they would be out of admin by October) and was intended to make up the shortfall of the missing 7000 season ticket cash.
Next season they will have all the normal income they will always have, season tickets, sponsorships, etc but it will be lower for the 1st Div. So long as they spend their money wisely they will not need any of the FoH money to run the club.
That money will be used to pay back the bidco.

[WindyMiller]

Provided they are willing to balance their books next season then I don't see a problem. The working capital part of FoH was to complete this season (they thought they would be out of admin by October) and was intended to make up the shortfall of the missing 7000 season ticket cash.
Next season they will have all the normal income they will always have, season tickets, sponsorships, etc but it will be lower for the 1st Div. So long as they spend their money wisely they will not need any of the FoH money to run the club.
That money will be used to pay back the bidco.



Can you see a flaw in the plan?

:agree:

[Sprouleflyer]

Can you see a flaw in the plan?

:agree:

Yip, they have not managed that for 30+ years!!

[Ozyhibby]

Yip, they have not managed that for 30+ years!!

I agree but they will have no choice. They have zero chance of getting credit for the next ten years at least.
It can be done but I did not say the Hearts fans would enjoy the experience.

[KeithTheHibby]

All about opinions so here is mine;


They will be out of administration before the end of the season.

They will be relegated.

They won't run out of money.

They won't be liquidated.

What happens when FOH takes over is anyones guess.

Time for the pant wetting to stop on here and start to concentrate on our own team instead of wild speculation about the Yams as nothing major that has been said on here has come to fruition nor is it likely to.

[Ozyhibby]

All about opinions so here is mine;


They will be out of administration before the end of the season.

They will be relegated.

They won't run out of money.

They won't be liquidated.

What happens when FOH takes over is anyones guess.

Time for the pant wetting to stop on here and start to concentrate on our own team instead of wild speculation about the Yams as nothing major that has been said on here has come to fruition nor is it likely to.

You don't think they went into administration?

[Mikey]

All about opinions so here is mine;


They will be out of administration before the end of the season.

They will be relegated.

They won't run out of money.

They won't be liquidated.

What happens when FOH takes over is anyones guess.

Time for the pant wetting to stop on here and start to concentrate on our own team instead of wild speculation about the Yams as nothing major that has been said on here has come to fruition nor is it likely to.

What's your definition of "major" given that Administration, the 15 point penaly and relegation obviously don't do it for you?

[KeithTheHibby]

You don't think they went into administration?

I don't think Hibs.net can claim to have the exclusive on that, a blind man could have seen this happening.

The stuff about liquidation and running out of money is just plain silly.

[Mikey]

I don't think Hibs.net can claim to have the exclusive on that, a blind man could have seen this happening.

The stuff about liquidation and running out of money is just plain silly.

BDO say they have money until late March. Are they silly too?

[KeithTheHibby]

What's your definition of "major" given that Administration, the 15 point penaly and relegation obviously don't do it for you?

See post 38061. Of course they are major but not exactly predicted exclusively on here were they?

[KeithTheHibby]

BDO say they have money until late March. Are they silly too?

Ok Mikey in your opinion shall Hearts run out of money?

[bingo70]

All about opinions so here is mine;


They will be out of administration before the end of the season.

They will be relegated.

They won't run out of money.

They won't be liquidated.

What happens when FOH takes over is anyones guess.

Time for the pant wetting to stop on here and start to concentrate on our own team instead of wild speculation about the Yams as nothing major that has been said on here has come to fruition nor is it likely to.

How do I go about concentrating on my own team more?

Even if they do come out of admin this season they'll still have to build a whole new squad in order to compete in the championship, they'll then have to think about replacing the main stand and they'll have to do this while living within their means for the first time in 30 years, having to do all that on a lower income they'll be getting from the championship makes it a total non starter imo. If they survive they'llbe ****ed for years.

[Golden Bear]

I don't think Hibs.net can claim to have the exclusive on that, a blind man could have seen this happening.

The stuff about liquidation and running out of money is just plain silly.

Probably yes regarding the Liquidation but there is a very real possibility that they WILL run out of funds before the administration process is drawn to a conclusion.

[KeithTheHibby]

How do I go about concentrating on my own team more?

Even if they do come out of admin this season they'll still have to build a whole new squad in order to compete in the championship, they'll then have to think about replacing the main stand and they'll have to do this while living within their means for the first time in 30 years, having to do all that on a lower income they'll be getting from the championship makes it a total non starter imo. If they survive they'llbe ****ed for years.

It is a figure of speech.

I don't dispute your second paragraph as that is post BDO.

[KeithTheHibby]

Probably yes regarding the Liquidation but there is a very real possibility that they WILL run out of funds before the administration process is drawn to a conclusion.

I don't see it happening. They could start selling season tickets for example. The FoH money that has been accumulating could be used if need be.
Anyone that says otherwise is lying.

[nribs]

All about opinions so here is mine;


They will be out of administration before the end of the season.

They will be relegated.

They won't run out of money.

They won't be liquidated.

What happens when FOH takes over is anyones guess.

Time for the pant wetting to stop on here and start to concentrate on our own team instead of wild speculation about the Yams as nothing major that has been said on here has come to fruition nor is it likely to.is this wild speculation and unlikely to come to fruition then? Just so I know

[HIBERNIAN-0762]

Coincidence. or not??

Sunday: Hearts go out the cup> no further revenue from that source

Monday: Need to get fans interested> a lets dress up the story from 2 weeks ago

Tuesday: Shares and Exit of Admin will be 8 weeks approx> BDO has cash flow for 8weeks

Wednesday Onwards: 11957


100% correct, only those meat heads just don't get it, or they do but they are just covering up the embarrassment of Sunday's result and pathetic turnout.

[Weststandwanab]

They won't run out of money, FOH must have well over a million in the bank now and Jackson and co' can release the begging bowls for the spuds to empty their monthly social into "their" club. I would doubt it is that much.


I would have thought it would be a lot simpler just to start selling next seasons tickets.

Changing F0H constitution to allow the D/D cash to support an entity they don't own might be all.very.complex and who knows may require 100% approval of the fannies and Hibs.net may have a vote :cb That would risk losing their new ST money if he big L appears.


http://www.mirror.co.uk/news/uk-news/new-expenses-scandal-one-three-2792913#.UvDGOXnF8pE
http://www.scotsman.com/news/lord-foulkes-caught-in-163-54-000-expenses-row-1-1302626 Oh, I see Irony !


Cheers, what about after this is done? Donations will have ceased before then.


The D/D's can be cancelled at any time. In other words, there is no assurance that the debt will be paid off at all, and I think 3 years is optimistic. Way too optimistic.


If the two options are (1) use the FoH money or (2) Liquidate .. then it is almost certain that there will be changes made to the FoH constitution (as suggested by CWG) that will allow them to use the money.

At the end of the day, how many supporters are going to object to their "donations" being used to "save" the club? Anyone with an I.Q. larger than their shoe size.


Yip, they have not managed that for 30+ years!! Indeed.


Probably yes regarding the Liquidation but there is a very real possibility that they WILL run out of funds before the administration process is drawn to a conclusion. I am afraid I disagree. If cash runs out their is a real chance of the big L

[Golden Bear]

I would doubt it is that much.

That would risk losing their new ST money if he big L appears.

Oh, I see Irony !

Donations will have ceased before then.

Way too optimistic.

Anyone with an I.Q. larger than their shoe size.

Indeed.

I am afraid I disagree. If cash runs out their is a real chance of the big L

Don't be afraid! I'll be delighted if this does happen but unfortunately I just can't see it. They'll find funds from somewhere especially if it's to tide them over for a short period of time.

[KeithTheHibby]

is this wild speculation and unlikely to come to fruition then? Just so I know


I think so, what do you think?

[inglisavhibs]

I don't see it happening. They could start selling season tickets for example. The FoH money that has been accumulating could be used if need be.
Anyone that says otherwise is lying.

I think the guys in the know on here have been pretty accurate with their information and it is others reading in to that information who have been predicting liquidation. I don't really think that a huge percentage of us actually thought that would happen. Of course Hearts will find money if they run out before the shares are handed over, whether it is from season ticket sales or FOH cash. Either way it will hurt them next season, but not kill them. The only unknown is why the shares are frozen and is it a formality that they are un-frozen if the share sale is completed? Does it still have to go through court? If that's the case then things could change again.

[KeithTheHibby]

I think the guys in the know on here have been pretty accurate with their information and it is others reading in to that information who have been predicting liquidation. I don't really think that a huge percentage of us actually thought that would happen. Of course Hearts will find money if they run out before the shares are handed over, whether it is from season ticket sales or FOH cash. Either way it will hurt them next season, but not kill them. The only unknown is why the shares are frozen and is it a formality that they are un-frozen if the share sale is completed? Does it still have to go through court? If that's the case then things could change again.

Some in the know were predicting that the CVA wouldn't be accepted as well, look how that turned out.

There is nothing other than facts to suggest that they are slowly but surely progressing to exiting administration.

[PapillonVert]

But the money FOH have supposedly raised through DDs is meant to be spent on paying back whoever is putting up the money for the purchase of the club + part of next season's operating costs is it not? I would have thought FOH are very badly placed to spend any of that money for this season's running of the club?

Indeed, and presumably the Biddies have been presented with a repayment plan and so you would expect they might be asking just how diverting the repayment monies to keep the business afloat is going to impact on when (and if) they get their money back.

Of course, it could be sweetie money for them and they're not bothered - but most successful business people expect a RoI from their cash. That's how they get and stay rich.

[inglisavhibs]

Some in the know were predicting that the CVA wouldn't be accepted as well, look how that turned out.

There is nothing other than facts to suggest that they are slowly but surely progressing to exiting administration.
I accept that things have moved in Hearts favour over the past month or so but i still don't understand the frozen shares and why? Which ever way you look at this, they will have been incredibly lucky. If any proportion of that debt had been owed to a British Bank they would be gone or at least lost Tynecastle.

[Geo_1875]

There seems to a number of people on here who believe the puff piece in todays EEN has any veracity.

They have published an article with no news, no facts and a lot of ifs and buts.

It all looks like a rallying cry to the "faithful" to get ready to empty their wallets because the only thing for certain is that BDO will run out of money before the shares will be in the sweaty palms of Foulkes, "I'm an MP" Murray and their committee of assorted cardigans.

Their are no formalities to be completed before the deal can be done. It's a serious investigation into all aspects of Vlad's nefarious businesses of which hertz are only one.

[GreenLake]

Some in the know were predicting that the CVA wouldn't be accepted as well, look how that turned out.

There is nothing other than facts to suggest that they are slowly but surely progressing to exiting administration.

Liquidation or administration either way will result in a new fact - they will have to watch a team paid for with wages they can afford.

[SurferRosa]

Anyone got a link to an article that states Portsmouth were liquidated?

[Spike Mandela]

Liquidation or administration either way will result in a new fact - they will have to watch a team paid for with wages they can afford.

Same as us then.:cb

[robinp]

Anyone got a link to an article that states Portsmouth were liquidated?

http://www.accountancyage.com/aa/news/2262996/bdo-administrators-confirm-sale-of-portsmouth-fc

From an Accountancy based magazine, so 100 times more accurate than any national newspaper.

[SurferRosa]

http://www.accountancyage.com/aa/news/2262996/bdo-administrators-confirm-sale-of-portsmouth-fc

From an Accountancy based magazine, so 100 times more accurate than any national newspaper.

Thanks for that. I`ve been looking all morning. I knew there was something when i noticed the Portsmouth FC (2010) written but i couldn`t find any word of a subsequent asset transfer. Cheers. :agree:

[nribs]

I think so, what do you think?

No idea you posted something I wanted clarification on. Cheery

[Jack Hackett]

I fail to see why the Lithuanian court will unfreeze the UBIG/UKIO's asset's when the circumstances are almost identical to those of Portsmouth. BDO 's remit is to present a CVA. The CVA is ready and accepted... job done. Without the shares there's nothing left to do but wait for the court. As we have seen in the case of Portsmouth this can take YEARS. Does this mean they will have to stay in Admin until such time or is there a Plan B?

[Judas Iscariot]

Nice work if you can get it...

http://www.accountancyage.com/aa/news/2251286/portsmouth-administrators-rack-up-gbp22m-in-fees

[TrinityHibs]

Some in the know were predicting that the CVA wouldn't be accepted as well, look how that turned out.

There is nothing other than facts to suggest that they are slowly but surely progressing to exiting administration.

This is a genuine question Keith. When do you think Hertz will exit administration and does it really matter?

The reason I ask is BDO have confirmed that they will run out of money at the end of March. It is possible that FOH input can keep the twitching corpse alive until the end of the season and then SPFLprize money might see them make the start of next season in the next league down with a further points deduction. If they are not out of Admin by the cut off date for next year they are going to find their potential end of season prize money for the championship decimated, season ticket income reduced, TV income wiped out and cup progress a challenge. To me this looks like a total income of around £3M if you include something from Wonga and I'm not sure if this includes or excludes VAT anywhere.

Assuming that their turnover to match ours is £7M and the D/D's money remains constant and used to clear the stadium debt over 3 years it means the dafties have to survive on £250K per month as opposed to the figure used earlier in the thread of £583K and they were very poor then.

The best they can hope for is they somehow escape admin prior to the cut off point and start without a points deduction. This means their prize money might increase by £100-150K or circa £10K/month. This is not an answer to their problems.

So we find our maroon friends on a massively restricted budget, having to pay of football debts, needing to find a way to deal with the main stand and maybe pay HWU for training facilities.

There is nothing about this situation whether you are in the know or otherwise which suggests that the inFamous will be able to do anything other than play youngsters or below average players for the foreseeable future. from a Hibs perspective there is nothing about this that is anything other than positive as we will be the only competitive Edinburgh team. I for one remain optimistic that Hertz are a busted flush and I do know this.:thumbsup:

Have I missed anything?:cb

[JAY-ESS GREEN]

Don't post much but felt compelled to voice my disgust at bandersons blatant propoganda in today's Even that and the photo of the bawhair faced slimeball masquerading as an MP Pravda aint got a look in. Damn autocorrelation

[dangermouse]

Mention has been made of changing the FOH constitution to allow use of already collected DD monies being used to see them through to the end of the season. How does this fit in with UBIG's assets being frozen and the possibility they still could be in a couple of years time like Portsmouth FC?

If liquidation ensued due to FOH not getting their hands on the shares, would the diddies get any money back that had been used to keep the club going? Would DD's and ST money be used to keep the club going in the hope that the shares may become available?

[Weststandwanab]

Don't be afraid! I'll be delighted if this does happen but unfortunately I just can't see it. They'll find funds from somewhere especially if it's to tide them over for a short period of time. I am not afraid but think it could still go Pete Tong


http://www.accountancyage.com/aa/news/2262996/bdo-administrators-confirm-sale-of-portsmouth-fc

From an Accountancy based magazine, so 100 times more accurate than any national newspaper. At least 100.

[Moulin Yarns]

Where do the media get their info from?

Just asking because nobody seems to have a scooby what they are talking about

http://www.bbc.co.uk/sport/0/football/23462274

UBIG 50% Shares

http://www.scotsman.com/sport/football/spfl/hearts-administration-ubig-decision-delayed-again-1-3161785

UBIG 50% Shares

http://www.edinburghnews.scotsman.com/sport/football/hearts/price-agreed-to-transfer-ubig-shares-in-hearts-1-3276156

UBIG 50% shares

http://www.foundationofhearts.org/reaction-to-ubig-shares-announcement/

UBIG 78.97% Shares

Where did the extra 28.97% of shares held by UBIG suddenly come from?? And don't say UKIO Bankas as they hold 29.9% according to all the articles.

Back in December

" Right now we have seen the completion of the first two stages
in the process to exit administration, the successful clearanceof a CVA with approvals from creditors and members. Stagethree is securing UBIG’s 50% shareholding, stage four is a
Sale and Purchase Agreement, and stage five is to completethe transaction and take Hearts out of administration."


This week

http://www.heartsfc.co.uk/articles/20140203/bdo-foh-update_2241384_3651833

[CropleyWasGod]

Mention has been made of changing the FOH constitution to allow use of already collected DD monies being used to see them through to the end of the season. How does this fit in with UBIG's assets being frozen and the possibility they still could be in a couple of years time like Portsmouth FC?

If liquidation ensued due to FOH not getting their hands on the shares, would the diddies get any money back that had been used to keep the club going? Would DD's and ST money be used to keep the club going in the hope that the shares may become available?

That is the question that the Diddies would have to ask. From FOH's perspective, there couldn't be any guarantee of repayment. From the Diddies' POV, I can see them saying "yeah, go for it anyways." It's an emotional thing for them, not a commercial transaction.... a bit like the shares. :greengrin

[nribs]

What if only 1 diddie or several for that matter only wanted his/hers/it's money used once out of admin. Would their money be ringfenced or is a majority rule?

[Ozyhibby]

What if only 1 diddie or several for that matter only wanted his/hers/it's money used once out of admin. Would their money be ringfenced or is a majority rule?

As FoH are changing the terms then any diddy would be entitled to ask for all their money back.

[Mikey09]

Excuse me for my ignorance. Genuine questions...... Can anyone tell me Is this statement re shares news?? Is it up to the Lithuanian government to release these?? And what would be the reasons for not releasing them?? Last question.... The photo of Ian "MP" Murray in the evening news... Have you ever seen someone with a more smug coupon in your life??

[Juice-Terry]

That is the question that the Diddies would have to ask. From FOH's perspective, there couldn't be any guarantee of repayment. From the Diddies' POV, I can see them saying "yeah, go for it anyways." It's an emotional thing for them, not a commercial transaction.... a bit like the shares. :greengrin

Another silly question perhaps but did Hertz ever issue certificates for the shares they sold last year?

[HibbySpurs]

Don't be afraid! I'll be delighted if this does happen but unfortunately I just can't see it. They'll find funds from somewhere especially if it's to tide them over for a short period of time.

Sounds like an advert for Wonga:coffee:

[CropleyWasGod]

Another silly question perhaps but did Hertz ever issue certificates for the shares they sold last year?

Not that I'm aware of.

IIRC, BDO reduced the amount of money that was previously due to UBIG by the amount that was paid to them for the "shares".

[Mikey]

Excuse me for my ignorance. Genuine questions...... Can anyone tell me Is this statement re shares news?? Is it up to the Lithuanian government to release these?? And what would be the reasons for not releasing them?? Last question.... The photo of Ian "MP" Murray in the evening news... Have you ever seen someone with a more smug coupon in your life??

The shares are part of a wider criminal investigation and are frozen along with all of UBIG's other assets. It's up to the Lithuanian court to decide whether they can be released.

Portsmouth are the only previous example we have to go on and their shares remain frozen. There is also no date set for this decision to be made. Their latest guesstimate is late March but it just keeps being put back!!

[#FromTheCapital]

Another silly question perhaps but did Hertz ever issue certificates for the shares they sold last year?

Apparently FoH have promised to issue them once they have control and also the funds, as it's going to cost 14k to get them printed and dispatched.

[Moulin Yarns]

Another silly question perhaps but did Hertz ever issue certificates for the shares they sold last year?


Apparently FoH have promised to issue them once they have control and also the funds, as it's going to cost 14k to get them printed and dispatched.

This, straight from FOH

“If you purchased shares at the recent club share issue (October to December 2012) then your shares are valid and you are a shareholder of the club. The challenge has been for the club to secure funding to print the share certificates in the format required due to the legal nature of the document. The club is currently prioritising how money is being spent in conjunction with administrators BDO and as you would expect, money is being channelled to only essential expenditure at this stage in order to give the club the best chance of survival. The club does, however, intend to commission the production of the certificates in the future and an announcement will be made once funds are in place for this process to start.”

[Mikey09]

The shares are part if a wider criminal investigation and are frozen along with all of UBIG's other assets. It's up to the Lithuanian court to decide whether they can be released.

Portsmouth are the only previous example we have to go on and their shares remain frozen. There is also no date set for this decision to be made. Their latest guesstimate is late March but it just keeps being put back!!


Thanks Mikey....

[GreenLake]

Same as us then.:cb

Yes, same as us in paying player wages they can afford, but after relegation and a spell in lower league football. :agree:

Maybe we can list some things which we are not the same as them. :greengrin

1. We have not embezzled bank deposits belonging to pensioners in a foreign nation
2. We have paid our players wages on time.
3. We have not dodged paying millions of taxes
4. We don't twirl our scarves like little girlies
5. We had George Best and Frank Sauzee as players
6. ad infinitum

[Glesgahibby]

Some in the know were predicting that the CVA wouldn't be accepted as well, look how that turned out.

There is nothing other than facts to suggest that they are slowly but surely progressing to exiting administration.
1)no cva has been accepted,if it had then they wouldn't still be in administration.
As some in the know on here predicted after the big announcement/spin regarding a cva decision,that a decision in principle means hee haw and 4 months later still means hee haw.
2)there is nothing other than facts? Yes there are facts,far to many facts regarding the constant spin from the Media/BDO/FOH yet none of these ever mention the FACT that shares in both UKIO and UBIG in anything let alone a wee diddy football club are FROZEN!!!
3)if it was not for this site and this thread then there would be no real documentation on the truth of this event.

[topmab]

I accept that things have moved in Hearts favour over the past month or so but i still don't understand the frozen shares and why? Which ever way you look at this, they will have been incredibly lucky. If any proportion of that debt had been owed to a British Bank they would be gone or at least lost Tynecastle.
.......and this is what really greats my gears. How can an organisation end up with a football club, lock, stock and barrel, including an asset (Tincastle) that itself alone was worth over £20m, all for 2 or 3 million quid. If they get away with this, it will be daylight robbery. Fuming.

[paul_hfc3]

Liquidation or administration either way will result in a new fact - they will have to watch a team paid for with wages they can afford.

Spot on.

[StevieC]

As FoH are changing the terms then any diddy would be entitled to ask for all their money back.

I would think that this would need to be the case.
Possibly the easiest thing for FoH to do would be to issue a statement saying that anyone wishing to have their donation back (less admin fee) would have 14 days, or whatever is the legal norm, to lodge their refund request. After this date FoH would then assume that the funds left could be utilised to keep the club out of liquidation while the administration process was ongoing.
However, I am not expert and this is just a wild stab at how they might circumvent their original constitution. :dunno:

[Dashing Bob S]

Where do the media get their info from?

Just asking because nobody seems to have a scooby what they are talking about

http://www.bbc.co.uk/sport/0/football/23462274

UBIG 50% Shares

http://www.scotsman.com/sport/football/spfl/hearts-administration-ubig-decision-delayed-again-1-3161785

UBIG 50% Shares

http://www.edinburghnews.scotsman.com/sport/football/hearts/price-agreed-to-transfer-ubig-shares-in-hearts-1-3276156

UBIG 50% shares

http://www.foundationofhearts.org/reaction-to-ubig-shares-announcement/

UBIG 78.97% Shares

Where did the extra 28.97% of shares held by UBIG suddenly come from?? And don't say UKIO Bankas as they hold 29.9% according to all the articles.

Back in December

" Right now we have seen the completion of the first two stages
in the process to exit administration, the successful clearanceof a CVA with approvals from creditors and members. Stagethree is securing UBIG’s 50% shareholding, stage four is a
Sale and Purchase Agreement, and stage five is to completethe transaction and take Hearts out of administration."


This week

http://www.heartsfc.co.uk/articles/20140203/bdo-foh-update_2241384_3651833

This.

[Dashing Bob S]

the shares are part of a wider criminal investigation and are frozen along with all of ubig's other assets. It's up to the lithuanian court to decide whether they can be released.

Portsmouth are the only previous example we have to go on and their shares remain frozen. There is also no date set for this decision to be made. Their latest guesstimate is late march but it just keeps being put back!!

and this.

[StevieC]

This week
http://www.heartsfc.co.uk/articles/20140203/bdo-foh-update_2241384_3651833

Having read that article, it sounds like they are trying to give the impression that Hearts will be out of administration in 8-10 weeks.

Reading it more closely though, I think it what they are saying is that it will be 8-10 weeks after the creditors clear it and the courts unfreeze the shares.

Does that then throw up a possible (best case for them) timeline of ..

March - Creditors meeting
May - Court hearing
July/August - out of administration

That could mean 4 or 5 months that they will need to find funds for.

My guess, and it is just a guess, is that BDO are probably looking at the creditors meeting being the pivotal event in all of this. If it doesn't happen before the money runs out, or the creditors reject the proposal, then they will have no option but to pull the plug. They may be talked out of it by FoH if they can get the go ahead to use their own funds to run the club, but if it's before the creditors meeting then it's a bit of a gamble.

[Mikey09]

The way I see things is it's ALL ifs, buts, maybes, in principle (heard that a few times) technically, agreed verbally blah blah blah....... It's boring. Really funny but boring.

:flag: :tbgwa::flag:

[nribs]

I believe a new FOH email has gone out to all jambos on some database or register :) just to remind folks who haven't already signed up to be a diddy but can afford to then please pledge please give us your cash.

[Dashing Bob S]

"Stage Four is the transaction to obtain the shares to take Hearts out of administration."

T'was always thus, and will continue to be until they have the shares.

The media, FOH and Hearts fans are shuffling the deck chairs on the titanic, droning on about UBIG and UKIO procedural agreements. They have failed to come up with any definitive answer as to why those shares have not been released, and deliberately not engaged with the fact that they've been frozen by Lithuanian Courts pending an investigation into criminal financial practices across the Romanov empire.

They seem to choose to believe that the reason the courts have frozen these shares (if they concede that they actually have) is simply related to administrative complexities regarding the administration of UKIOS/UBIG, and that it's simply a matter (admittedly a rather tedious and stressful one) of sorting this out over the next few weeks.

Meanwhile, they are ramping up to a) spend the FOH pledge money in preserving the club from liquidation, (this money was to used for the purchase of the club and is a serious breach of contract) and b) hit the fans for more cash.

All we can do is wait until the latest (unspecified) date of the meeting in March, where all will be revealed, or almost inevitably, postponed.

[poolman]

All about opinions so here is mine;


They will be out of administration before the end of the season.

They will be relegated.

They won't run out of money.

They won't be liquidated.

What happens when FOH takes over is anyones guess.

Time for the pant wetting to stop on here and start to concentrate on our own team instead of wild speculation about the Yams as nothing major that has been said on here has come to fruition nor is it likely to.



It's not compulsory to read this thread

[Bostonhibby]

So pishy breeks has been caught out in the expenses scandal. Robbing *******

Business as usual really, always has known how to make a claim if its allowed - yam class. Morals? what morals :greengrin

11958

[StevieC]

I believe a new FOH email has gone out to all jambos on some database or register :) just to remind folks who haven't already signed up to be a diddy but can afford to then please pledge please give us your cash.

Not a huge surprise .. infact I'm more surprised that they haven't been doing it more often.

It may be that they are now under pressure to fund the club till the start of the new season .. or maybe someone at FoH was a bit bored and just wanted to send something out on a slow (old) news day?

[Just Alf]

I believe a new FOH email has gone out to all jambos on some database or register :) just to remind folks who haven't already signed up to be a diddy but can afford to then please pledge please give us your cash.

"You are receiving this email from Heart of Midlothian Football Club regardless of not whether of whether or not you are a contributor to the Foundation of Hearts. If you do contribute, we have your details.


Dear Girlie Twirlie,

“If not when”. Three words which lit up yesterday for every Hearts supporter. As Bryan Jackson said, we’re now 75% of the way towards saving the club we love.

The Foundation of Hearts plan, backed by Edinburgh business (BIDCO) moves on to a Sale & Purchase agreement. Of course that means more discussions involving lawyers, and plenty of detail to be covered off, including the Lithuanian legal process. After that time we will, of course, be able to start talking about future plans and explaining clearly what is next for Hearts.

We are now moving in the right direction, though.

And it is for that simple reason I want to do two things:
Thank you as a Hearts supporter for your incredible support – we’re not there yet, and there’s much work to do, but the fact we now have this golden opportunity is because you stood up and were counted.
To ask you consider, if you have not done so, and are able, to set up a monthly contribution via direct debit – every penny the Foundation of Hearts brings in is used to support the club and complete the buyback arrangement with BIDCO.

Set up your Direct Debit today...
Click here and play your part in history

This has been a season of challenge, but it’s also been a season when Heart of Midlothian Football Club has shown the world why we are the Heart and soul of Edinburgh.

One chapter may soon be closing, but the roller-coaster ride continues and this time we can ALL be part of it.

Yours in Hearts,

Ian Murray MP
Chairman, Foundation of Hearts"

wee Freudian slip there? :agree:

[poolman]

"You are receiving this email from Heart of Midlothian Football Club regardless of not whether of whether or not you are a contributor to the Foundation of Hearts. If you do contribute, we have your details.


Dear Girlie Twirlie,

“If not when”. Three words which lit up yesterday for every Hearts supporter. As Bryan Jackson said, we’re now 75% of the way towards saving the club we love.

The Foundation of Hearts plan, backed by Edinburgh business (BIDCO) moves on to a Sale & Purchase agreement. Of course that means more discussions involving lawyers, and plenty of detail to be covered off, including the Lithuanian legal process. After that time we will, of course, be able to start talking about future plans and explaining clearly what is next for Hearts.

We are now moving in the right direction, though.

And it is for that simple reason I want to do two things:
Thank you as a Hearts supporter for your incredible support – we’re not there yet, and there’s much work to do, but the fact we now have this golden opportunity is because you stood up and were counted.
To ask you consider, if you have not done so, and are able, to set up a monthly contribution via direct debit – every penny the Foundation of Hearts brings in is used to support the club and complete the buyback arrangement with BIDCO.

Set up your Direct Debit today...
Click here and play your part in history

This has been a season of challenge, but it’s also been a season when Heart of Midlothian Football Club has shown the world why we are the Heart and soul of Edinburgh.

One chapter may soon be closing, but the roller-coaster ride continues and this time we can ALL be part of it.

Yours in Hearts,

Ian Murray MP
Chairman, Foundation of Hearts"

wee Freudian slip there? :agree:


:agree: Absolutely :greengrin

[Glesgahibby]

I see I have been quoted on spinback,it looks like I'm due to self harm myself shortly:rolleyes:
I couldn't see any defence from them regarding my post apart from abuse.
I would like to say to these yams looking in FROZEN !!!! One more time FROZEN!!!!!

[Gettin' Auld]

I believe a new FOH email has gone out to all jambos on some database or register :) just to remind folks who haven't already signed up to be a diddy but can afford to then please pledge please give us your cash.
Aye, the sex offenders register. :thumbsup:

[Geo_1875]

"You are receiving this email from Heart of Midlothian Football Club regardless of not whether of whether or not you are a contributor to the Foundation of Hearts. If you do contribute, we have your details.


Dear Girlie Twirlie,

“If not when”. Three words which lit up yesterday for every Hearts supporter. As Bryan Jackson said, we’re now 75% of the way towards saving the club we love.

The Foundation of Hearts plan, backed by Edinburgh business (BIDCO) moves on to a Sale & Purchase agreement. Of course that means more discussions involving lawyers, and plenty of detail to be covered off, including the Lithuanian legal process. After that time we will, of course, be able to start talking about future plans and explaining clearly what is next for Hearts.

We are now moving in the right direction, though.

And it is for that simple reason I want to do two things:
Thank you as a Hearts supporter for your incredible support – we’re not there yet, and there’s much work to do, but the fact we now have this golden opportunity is because you stood up and were counted.
To ask you consider, if you have not done so, and are able, to set up a monthly contribution via direct debit – every penny the Foundation of Hearts brings in is used to support the club and complete the buyback arrangement with BIDCO.

Set up your Direct Debit today...
Click here and play your part in history

This has been a season of challenge, but it’s also been a season when Heart of Midlothian Football Club has shown the world why we are the Heart and soul of Edinburgh.

One chapter may soon be closing, but the roller-coaster ride continues and this time we can ALL be part of it.

Yours in Hearts,

Ian Murray MP
Chairman, Foundation of Hearts"

wee Freudian slip there? :agree:

I love the way they tag on the Lithuanian legal process as if it's a minor matter awaiting the rubber stamp when it's the hurdle which will probably never be crossed.

[hibees 7062]

I don't see it happening. They could start selling season tickets for example. The FoH money that has been accumulating could be used if need be.
Anyone that says otherwise is lying.

For what league ?

[Weir7]

Aye, the sex offenders register. :thumbsup:

Class

[Pete]

Fatty Arbuckle and the foundation of cheats:

"blah blah wallets out"

[lapsedhibee]

It's not compulsory to read this thread

No indeed. 'tis compulsive though.

[sidjames]

When the Murray signs himself of "M P" is that short for Major Plummet. Like a staff officer in charge of the enlisted Plummets? Which means he's sort of in charge of the Charge of the Plummet Brigade.

And yes I do like the term Plummet. And Plummetry. It just fits ( those oaf pie faced trumpeting plummets that is)

[HFC 0-7]

Dont know the legal bits of admin, but, are they allowed to run out of money, or, do they need to stop trading prior to running out? Whilst in administration are they allowed to run up a debt? ie, if they are going to run out of cash at the end of March and they know a bill is due at the start of April do they not need to stop trading prior to this to ensure debts are paid whilst in admin?

If the FOH start helping them past March, surely the ball would need to start rolling fairly soon to start changing the use of the DD's?

[GreenLake]

Posted Today, 17:15 by Sir Rabid Battenberg, Knight of the Twirling Cake Bakers
Not overly fussed about typos to be honest.

[robinp]

I am not afraid but think it could still go Pete Tong At least 100. 100 being the word, because all share holdings add up to over 100%, according to the MSM yesterday.

[Stewboy]

If it goes on much longer, FOH would be better buying 700,000 Euro Millions and see if they can be debt free that way!!!!

[EuanH78]

Dont know the legal bits of admin, but, are they allowed to run out of money, or, do they need to stop trading prior to running out? Whilst in administration are they allowed to run up a debt? ie, if they are going to run out of cash at the end of March and they know a bill is due at the start of April do they not need to stop trading prior to this to ensure debts are paid whilst in admin?

If the FOH start helping them past March, surely the ball would need to start rolling fairly soon to start changing the use of the DD's?

I was thinking along similar lines, surely if the Foundation of Fuds has to prop up the administration BDO cant see it as a going concern...legally, financially?

[Jack Hackett]

I was thinking along similar lines, surely if the Foundation of Fuds has to prop up the administration BDO cant see it as a going concern...legally, financially?

If foh and it's members agreed to it, this would be a legitimate source of income....for as long as it lasted.

Can't see why they wouldn't tbh...they bent over and took it up the jacksy when the 'share' money was diverted from Youth Development to paying the tax man

[poolman]

No indeed. 'tis compulsive though.


:agree:

[#FromTheCapital]

"You are receiving this email from Heart of Midlothian Football Club regardless of not whether of whether or not you are a contributor to the Foundation of Hearts. If you do contribute, we have your details.


Dear Girlie Twirlie,

“If not when”. Three words which lit up yesterday for every Hearts supporter. As Bryan Jackson said, we’re now 75% of the way towards saving the club we love.

The Foundation of Hearts plan, backed by Edinburgh business (BIDCO) moves on to a Sale & Purchase agreement. Of course that means more discussions involving lawyers, and plenty of detail to be covered off, including the Lithuanian legal process. After that time we will, of course, be able to start talking about future plans and explaining clearly what is next for Hearts.

We are now moving in the right direction, though.

And it is for that simple reason I want to do two things:
Thank you as a Hearts supporter for your incredible support – we’re not there yet, and there’s much work to do, but the fact we now have this golden opportunity is because you stood up and were counted.
To ask you consider, if you have not done so, and are able, to set up a monthly contribution via direct debit – every penny the Foundation of Hearts brings in is used to support the club and complete the buyback arrangement with BIDCO.

Set up your Direct Debit today...
Click here and play your part in history

This has been a season of challenge, but it’s also been a season when Heart of Midlothian Football Club has shown the world why we are the Heart and soul of Edinburgh.

One chapter may soon be closing, but the roller-coaster ride continues and this time we can ALL be part of it.

Yours in Hearts,

Ian Murray MP
Chairman, Foundation of Hearts"

wee Freudian slip there? :agree:

What a fuds of bunch

[Onion]

If foh and it's members agreed to it, this would be a legitimate source of income....for as long as it lasted.

If BDO use the fans funds to keep the club going, and they don't manage to get their hands on the shares then the **** will hit the fan, big time.

[Jack Hackett]

If BDO use the fans funds to keep the club going, and they don't manage to get their hands on the shares then the **** will hit the fan, big time.

See my added comment above :greengrin

The fuds are masochists

[jgl07]

100 being the word, because all share holdings add up to over 100%, according to the MSM yesterday.
This sounds like a script from 'The Producers'!

How to make money out of a flop? Oversubscribe!

"Springtime for Vladimir Romanov......."

[Jack Hackett]

This sounds like a script from 'The Producers'!

How to make money out of a flop? Oversubscribe!

"Springtime for Vladimir Romanov......."

:greengrin.....It scans as well

[Fat Penlon]

We are told that BDO's job is to keep the club trading as a going concern but we all know they will accept handouts from FOH rather than liquidating the club in 8 weeks. If that happens will the club be a going concern? No it will be relying on others as it has done for over 25 years. The true legal administration process doesn't apply to hearts and didn't to rangers.

[Moon unit]

If BDO use the fans funds to keep the club going, and they don't manage to get their hands on the shares then the **** will hit the fan, big time.

Sadly I think that they are so vacant that they will just accept it blindly like all the previous waste products that have hit their fans!

[degenerated]

100 being the word, because all share holdings add up to over 100%, according to the MSM yesterday.

It's all about scale, the bigger the club the bigger the total percentage of shares they have. :agree:

[CropleyWasGod]

We are told that BDO's job is to keep the club trading as a going concern but we all know they will accept handouts from FOH rather than liquidating the club in 8 weeks. If that happens will the club be a going concern? No it will be relying on others as it has done for over 25 years. The true legal administration process doesn't apply to hearts and didn't to rangers.

Yes it will be.

Going concern is defined as the ability of a company to continue to operate for the foreseeable future. If that ability is based on the donations of supporters, then so be it.

[Geo_1875]

Yes it will be.

Going concern is defined as the ability of a company to continue to operate for the foreseeable future. If that ability is based on the donations of supporters, then so be it.

Would that income be liable to tax?

[CropleyWasGod]

Would that income be liable to tax?

Possibly.

From HMRC's own manual:-

if the character in the recipient's hands is that of a payment made in order that the money may be used in the recipient's business, to supplement trading or other business receipts and to enable the recipient to carry on business, or otherwise to preserve and maintain trading stability and solvency, then it will be a taxable trading receipt (Smart v Lincolnshire Sugar Co Ltd [1937] 20TC643 at 670; British Commonwealth International Newsfilm Agency Ltd v Mahany [1962] 40TC550 at 578 and 582)

[Fat Penlon]

Yes it will be.

Going concern is defined as the ability of a company to continue to operate for the foreseeable future. If that ability is based on the donations of supporters, then so be it.

You know more about this than me CWG so fair enough if that's how it works it just doesn't make much sense to me. I suppose all football clubs rely on fans putting money in its just 99% of clubs normally only expect a fan to buy a season ticket and the odd bit merchandise where as using the model BDO are working to FOH will need much more than the norm from the fans to keep the club going. Hearts as a fan owned club dependant on DD's and unable to obtain credit will never be able to live out with their means again. #pleasing #struggling

[CropleyWasGod]

You know more about this than me CWG so fair enough if that's how it works it just doesn't make much sense to me. I suppose all football clubs rely on fans putting money in its just 99% of clubs normally only expect a fan to buy a season ticket and the odd bit merchandise where as using the model BDO are working to FOH will need much more than the norm from the fans to keep the club going. Hearts as a fan owned club dependant on DD's and unable to obtain credit will never be able to live out with their means again. #pleasing #struggling

Oh it's a crap business model for the future, totally agree with you there. But in the short-term, it would probably work for them.

[Bishop Hibee]

This sounds like a script from 'The Producers'!

How to make money out of a flop? Oversubscribe!

"Springtime for Vladimir Romanov......."

:singing: Winter for all the sad Yams.....:singing:

[Eyrie]

Remember the Gretna precedent.

If the Yams run out of money at the end of March (as Jackson maintains) and they have to be liquidated, then the SPFL will have a major headache as all results involving the Yams will need to be cancelled. It would also hurt the other clubs in the bottom six as three would lose a home game after the split.

So expect the SPFL to cite Gretna and advance the Yams the prize money for finishing bottom so that they can complete their fixtures this season. Once the season is over then the SPFL won't care if they get liquidated and will have planned for a replacement team if that does happen (probably the winner of the Lowland League).

[Viva_Palmeiras]

Bonds. Bonds so that teams last the season. Lessons not learned eh?!

[portycabbage]

Remember the Gretna precedent.

If the Yams run out of money at the end of March (as Jackson maintains) and they have to be liquidated, then the SPFL will have a major headache as all results involving the Yams will need to be cancelled. It would also hurt the other clubs in the bottom six as three would lose a home game after the split.

So expect the SPFL to cite Gretna and advance the Yams the prize money for finishing bottom so that they can complete their fixtures this season. Once the season is over then the SPFL won't care if they get liquidated and will have planned for a replacement team if that does happen (probably the winner of the Lowland League).


Bonds. Bonds so that teams last the season. Lessons not learned eh?!

I think they would just expunge all fixtures involving them, and have a free weekend for the other teams in the league where the subsequent fixtures would have been. Which would leave time to reflect. And chortle.

[Dashing Bob S]

I love the way they tag on the Lithuanian legal process as if it's a minor matter awaiting the rubber stamp when it's the hurdle which will probably never be crossed.

We're now 75% certain that Amanda Knox will be exonerated, its just the small formalities of the Italian legal process to go through...

[jonty]

We're now 75% certain that Amanda Knox will be exonerated, its just the small formalities of the Italian legal process to go through...

Not to mention the 75% certainty of the 'Yes' vote. All we need now is the actual vote. #RubberStamped

[CropleyWasGod]

We're now 75% certain that Amanda Knox will be exonerated, its just the small formalities of the Italian legal process to go through...

Yeah. Apparently Silvio Berlusconi says it will all be fine if Amanda re-enacts the so-called sex-game. With him.

That might be a dodgy precedent if Gary Locke wants to go down the same route.

[Gus Fring]

Remember the Gretna precedent.

If the Yams run out of money at the end of March (as Jackson maintains) and they have to be liquidated, then the SPFL will have a major headache as all results involving the Yams will need to be cancelled. It would also hurt the other clubs in the bottom six as three would lose a home game after the split.

So expect the SPFL to cite Gretna and advance the Yams the prize money for finishing bottom so that they can complete their fixtures this season. Once the season is over then the SPFL won't care if they get liquidated and will have planned for a replacement team if that does happen (probably the winner of the Lowland League).

The Gretna situation was different in that the man who was supplying them with the funds to keep them going took gravely ill suddenly and as such the cash-flow stopped towards the end of the season. Hearts have been in this situation since before the start of the season.

[Glory Lurker]

Time travelling, human-hunting death droids ken whit's goan on.... What are they trying to tell us???

http://www.dvdbeaver.com/film2/DVDReviews43/terminator%202%20blu-ray/frozen%20jp%20theatricallarge.jpg

[SuperAllyMcleod]

Having read through today's posts, there are a couple of things that have struck me as obvious but are being ignored.

FOH don't have to give BDO any money, they simply have to give the go ahead for BDO to start selling season tickets. FOH didn't want this but as has been pointed out earlier, they have been collecting DD money for months and have around £800K in the bank. Remember that any cash BDO doesn't spend will still be there when FOH take over.

Indeed, if BDO said that they are going to charge Premiership prices next season for the season tickets - with the promise of reducing them the following season (and the first season they are back in the top flight) - then I'm sure the jumbos would go for it. If they say it is necessary to save the club then it may even result in the same season ticket response they got last year and we would have to put up with massaged attendance figures for the championship. The yams would see that as a win win ffs.

Also, a lot of chat about not being able to borrow in the future. While the banks may not give them any cash, they have already found a few Biddies to lend them money. These Biddies, or others, may decide to lend them cash - in much the same way STF does for us.

Hopefully, the exit from admin is slow and we at least get to see them with a second points deduction to almost guarantee a two year spell down there.

[Eyrie]

The Gretna situation was different in that the man who was supplying them with the funds to keep them going took gravely ill suddenly and as such the cash-flow stopped towards the end of the season. Hearts have been in this situation since before the start of the season.

But the talk in the summer was that they could run out of money by Christmas, yet the SPFL let the Yams start the season so that isn't a factor.

Gretna then went into liquidation when the season was over so the SPL was simply delaying the inevitable. Depending on events in Lithuania, the Yams could go down the same route or survive. The SPFL is most likely to advance them the prize money to avoid fixture chaos and help them make it to the end of the season. That gives another six weeks or so to see whether the shares remain frozen.

[SMAXXA]

Remember the Gretna precedent.

If the Yams run out of money at the end of March (as Jackson maintains) and they have to be liquidated, then the SPFL will have a major headache as all results involving the Yams will need to be cancelled. It would also hurt the other clubs in the bottom six as three would lose a home game after the split.

So expect the SPFL to cite Gretna and advance the Yams the prize money for finishing bottom so that they can complete their fixtures this season. Once the season is over then the SPFL won't care if they get liquidated and will have planned for a replacement team if that does happen (probably the winner of the Lowland League).

Theres no promotion from the lowland league. Also when there is they would need to play the highland league winner for that place.

[Eyrie]

Theres no promotion from the lowland league. Also when there is they would need to play the highland league winner for that place.

I'd forgotten about the Highland League, but the playoff for promotion can simply be brought forward a season to fill the gap in Division 2 caused by the trickle down effect of a liquidated Yams leaving a vacancy in the Championship.

I doubt that they'll be liquidated though - as has been pointed out the Save Hearts In Trouble DDs will be used to keep them alive. How many deluded roasters will ask for their money back if it means putting their club out of business?

[Dashing Bob S]

Yeah. Apparently Silvio Berlusconi says it will all be fine if Amanda re-enacts the so-called sex-game. With him.

That might be a dodgy precedent if Gary Locke wants to go down the same route.

Umbrellas all round! From Foxy Knoxy to Golden Gazza!

[jacomo]

Posted Today, 17:15 by Sir Rabid Battenberg, Knight of the Twirling Cake Bakers
Not overly fussed about typos to be honest.

Is that "if, not when" email genuine?

If so :faf:

Not merely an epic typo / misquote, I think this was I am an MP's phrase, not BDO's... He's misquoted himself.

Do the Jambos seriously think this bunch of clowns could run a football club?

[Gus Fring]

But the talk in the summer was that they could run out of money by Christmas, yet the SPFL let the Yams start the season so that isn't a factor.

Gretna then went into liquidation when the season was over so the SPL was simply delaying the inevitable. Depending on events in Lithuania, the Yams could go down the same route or survive. The SPFL is most likely to advance them the prize money to avoid fixture chaos and help them make it to the end of the season. That gives another six weeks or so to see whether the shares remain frozen.

The SPFL can't stop them from starting the season based on possibly not having enough money. Very few businesses of this type are able to make guarantees about how their trade will proceed for the next year.

There won't be "fixture chaos" either. If Hearts went bust then the league would recalculated accordingly. Then, because they would forfeit any prize money, this would mean the other clubs would get a share which go some way to making up for 3 potential match revenues being lost.

Gretna's situation was very different from that of Hearts.

[GreenLake]

Is that "if, not when" email genuine?

If so :faf:

Not merely an epic typo / misquote, I think this was I am an MP's phrase, not BDO's... He's misquoted himself.

Do the Jambos seriously think this bunch of clowns could run a football club?

It's hard to determine if anything is genuine on twerkback.com, but Sir Twatenborough is probably twirling himself off just the same.

[Weststandwanab]

I see I have been quoted on spinback,it looks like I'm due to self harm myself shortly:rolleyes:
I couldn't see any defence from them regarding my post apart from abuse.
I would like to say to these yams looking in FROZEN !!!! One more time FROZEN!!!!! Welcome to the club.


100 being the word, because all share holdings add up to over 100%, according to the MSM yesterday. That sound like Yamanomics.


If it goes on much longer, FOH would be better buying 700,000 Euro Millions and see if they can be debt free that way!!!! That is Yamanomics.


We are told that BDO's job is to keep the club trading as a going concern but we all know they will accept handouts from FOH rather than liquidating the club in 8 weeks. If that happens will the club be a going concern? No it will be relying on others as it has done for over 25 years. The true legal administration process doesn't apply to hearts and didn't to rangers. The Big L will happen if and when it suits BO.


The SPFL can't stop them from starting the season based on possibly not having enough money. Very few businesses of this type are able to make guarantees about how their trade will proceed for the next year.

There won't be "fixture chaos" either. If Hearts went bust then the league would recalculated accordingly. Then, because they would forfeit any prize money, this would mean the other clubs would get a share which go some way to making up for 3 potential match revenues being lost.

Gretna's situation was very different from that of Hearts.Correct it was completely different.

[Hibercelona]

Just had a look on that thread for the first time.

They really are an angry bunch of simpletons with nothing left. :faf:

[Barney McGrew]

There's an amusing piece in the Sun this morning with Gonzo saying 'it stinks' that the SFA wouldn't break their rules to allow him his 'dream return' to Hertz.

Boo hoo Rudi.

Funny that they refer to the heed yins at the SFA as 'beaks' though given how nasally challenged Skakel is :fibber:

:hilarious

[PapillonVert]

I was thinking along similar lines, surely if the Foundation of Fuds has to prop up the administration BDO cant see it as a going concern...legally, financially?

I don't know the definitive answer to that. Presumably BDO has considered it though and must feel it is allowable.

On the other hand, the more they are having to fork out now out of money which was earmarked for other important things, the less they will have to run the club when they take over.

Looks like the Yams will be lurching from one financial crisis to another with a bunch of financial- and business- illiterate numpties at the helm, a committee of 12 resulting in numerous arguments and disagreements and calls for bake sales, donations etc etc just to try and stay afloat. The fan base calling for more (non-existent) money to be spent to get better players in and deserting in droves when they never materialize and the club is winning nothing. Continually robbing Peter to pay Paul. Not something which would inspire confidence really.

[s.a.m]

I don't know the definitive answer to that. Presumably BDO has considered it though and must feel it is allowable.

On the other hand, the more they are having to fork out now out of money which was earmarked for other important things, the less they will have to run the club when they take over.

Looks like the Yams will be lurching from one financial crisis to another with a bunch of financial- and business- illiterate numpties at the helm, a committee of 12 resulting in numerous arguments and disagreements and calls for bake sales, donations etc etc just to try and stay afloat. The fan base calling for more (non-existent) money to be spent to get better players in and deserting in droves when they never materialize and the club is winning nothing. Continually robbing Peter to pay Paul. Not something which would inspire confidence really.

:agree: 'mon the big spending! :greengrin

[lapsedhibee]

Not something which would inspire confidence really.
Perhaps not, but I doubt anything will be enough to entirely extinguish their spirit in this, their centenary, year.

[PapillonVert]

Perhaps not, but I doubt anything will be enough to entirely extinguish their spirit in this, their centenary, year.


:wink: I see what you did there.

Your football club needs YOU!

[Onion]

There's an amusing piece in the Sun this morning with Gonzo saying 'it stinks' that the SFA wouldn't break their rules to allow him his 'dream return' to Hertz.

Boo hoo Rudi.

Funny that they refer to the heed yins at the SFA as 'beaks' though given how nasally challenged Skakel is :fibber:

:hilarious

From the EEN - “It’s just not right, it’s funny, especially if you know which people voted against it. I just think this decision stinks.”

How does he know who voted for what? Sounds like a typical bitter Yam. And don't get me started on the irony of a Czech National complaining about how a foreign country applies it rules :thumbsup:

[Bostonhibby]

There's an amusing piece in the Sun this morning with Gonzo saying 'it stinks' that the SFA wouldn't break their rules to allow him his 'dream return' to Hertz.

Boo hoo Rudi.

Funny that they refer to the heed yins at the SFA as 'beaks' though given how nasally challenged Skakel is :fibber:

:hilarious

So, no income from football, maybe unable to directly get any money from the yam, nae bar jobs so presumably he is selling non stories to any paper that will buy his whimperings?

Them pesky rules eh? If you don't want to play by them you can always join one of the other clubs that must be in the queue, either that or just **** off......:-)

[Saorsa]

http://www.edinburghnews.scotsman.com/sport/football/hearts/rudi-skacel-spfl-decision-to-block-my-hearts-move-stinks-1-3294669


Rudi Skacel has hit out at the Scottish Professional Football League for blocking his return to Hearts.The Czech midfielder was denied the chance to replace goalkeeping coach Alan Combe as a registered player last week, with the SPFL ruling that it was not a fair swap as Combe had not appeared on any Hearts team sheet this season. “It looks to me like age discrimination or maybe a problem with my name, that it is me,” ( a problem with me) said Skacel.
“I can say that as I can’t see any logical reason why I was rejected. They said it was because of the player going out being a keeper that he has not been part of the team. I’m sorry, but these are not valid reasons to me.
“It’s just not right, it’s funny, especially if you know which people voted against it. I just think this decision stinks.”
The 34-year-old admitted he now has no idea if he will play again. “I don’t know what the future holds. I’ve been training for six months and preparing to play for Hearts again, but I can’t imagine keeping myself fit for another five months without playing. Things can change, but I am upset and my motivation has gone.
“I don’t know if it’s time to retire or play somewhere else. All I know is I wanted to play for Hearts again.”:faf: :faf:

Aye because naebody else would want or have him.


All I know is I wanted to play for Hearts again.Because they're the only mugs who would give him a wage.

What a fud, and a has been fud at that



It's the rules Big Nose, the rules http://i58.tinypic.com/25hzaly.gif

[Gus Fring]

From the EEN - “It’s just not right, it’s funny, especially if you know which people voted against it. I just think this decision stinks.”

How does he know who voted for what? Sounds like a typical bitter Yam. And don't get me started on the irony of a Czech National complaining about how a foreign country applies it rules :thumbsup:

The seethe from King Conk is delicious. Tears and snotters etc. Does he not know Hearts will be out of Administration by April? Just sign then Rudolph, everything will be fine, no?

There's another irony in his interview: Someone with a nose that size complaining about how much something stinks. I bet he could smell a dog turd in Bathgate if he was stood on Princes Street.

[Hibernia Na Eir]

Time for the bar worker to return to return to his planet. Who honestly gives a flying ***k about how he feels.
Such a sad ending......boo hoo ya muppet.

[scott7_0(Prague)]

Rudi Skacel haha.

having worked with many Czechs over the last 10years, he is right up there as the thickest ever.

what does he not get?

Unless of course he is now a goalkeeper!

[nribs]

Why does he need to keep himself fit for another 5 months? They only have to wait another 8 week before they are out of admin. I know this as Fact because several yams have told me. Surely he can sign once out of admin?

[EK_Hibs]

Fartley will probably sign Gonzo for Dundee

[Gus Fring]

Over on Kickback they are still arguing this is a breach of employment law. They want to go to court!

Nobody is stopping them from employing him. They just can't register him as a player. If they loved him so much they could still give him a job as a coach or something. Maybe use his nose to cover the pitch when it rains?

[Cameron1875]

If anyone is feeling a little down that its midweek or maybe having a tough day at work then you should read Rudi's rant in the Evening News.

The lad has had an absolute meltdown which includes age discrimination, vendetta against the Skacel name, and says he might even retire. Glorious:greengrin

[leggeto]

Over on Kickback they are still arguing this is a breach of employment law. They want to go to court!

Nobody is stopping them from employing him. They just can't register him as a player. If they loved him so much they could still give him a job as a coach or something. Maybe use his nose to cover the pitch when it rains?

he'd be better signing on the dole rather than they Muppets,at least he'll get his money on time :-D

[The_Todd]

If anyone is feeling a little down that its midweek or maybe having a tough day at work then you should read Rudi's rant in the Evening News.

The lad has had an absolute meltdown which includes age discrimination, vendetta against the Skacel name, and says he might even retire. Glorious:greengrin

Given he's not played football for what, 18 months would that really be a loss to the world of football? At the end of the day Hearts are the only team that want him even though he's a free agent and can sign for anyone right now, says a lot for Skacel.

[Cameron1875]

Given he's not played football for what, 18 months would that really be a loss to the world of football? At the end of the day Hearts are the only team that want him even though he's a free agent and can sign for anyone right now, says a lot for Skacel.

Wouldn't be shocked if he signed for Dundee if Hartley got the job but you are right. He's the classic case of a journeyman footballer.

For some reason though he has a unhealthy dislike towards us though which makes him play well in derbys but that's about it. Guess Riordan's song in boozer must have really got to him :tin hat::wink:.

[dangermouse]

Fatty Arbuckle and the foundation of cheats:

"blah blah wallets out"

A role model for yams if ever there was one :shocked:

[AltheHibby]

I bet he could smell a dog turd in Bathgate if he was stood on Princes Street.


Brilliant! GLad I wasn't drinking coffee when I read that. :not worth

[matty_f]

Get it right up ye Skacel ya big nosed welt.

[GreenLake]

Why doesn't he rant at the Lithuanian justice system for freezing the Hearts shares during criminal investigation of his former employers. The deal has been signed according to FOHBDO (pronounced fobbed o'), what is stopping the share transfer, CVA completion, administration exit and signing ban except a Lithuanian Court? Check who is responsible for your bitter regret Ruedi.

[IWasThere2016]

Is that "if, not when" email genuine?

If so :faf:

Not merely an epic typo / misquote, I think this was I am an MP's phrase, not BDO's... He's misquoted himself.

Do the Jambos seriously think this bunch of clowns could run a football club?

http://fanchants.co.uk/football-songs/west_bromwich_albion-chants/you-dont-know-what-youre-doing/

PS - We are no 68 in the league!

[AltheHibby]

To be fair, the standard of posting on the concorde thread has risen up to .net levels - they're blaming Rod for everything! :rolleyes:

[matty_f]

To be fair, the standard of posting on the concorde thread has risen up to .net levels - they're blaming Rod for everything! :rolleyes:

Rod Petrie - normal nose and capable of a spectacular moustache.

Gonzo - massive nose and facial hair like a young offender.

[Saorsa]

Didnae ken Sally McCoist posted on keechkboak


We demand to know who these people are! The ones who voted against Rudi returning should be revealed....:faf: :faf:

[Mikey09]

Hey rudi!!!! Why dont you and me play a game of **** off?? You go first ya whinging big nosed prick!!!

[SurferRosa]

Didnae ken Sally McCoist posted on keeckboak

:faf: :faf:

Do they still wonder why they`re known as diet-huns?

They demand to know who they are. I never realised the SPFL website was so hard to find.


They seem to be to thick to find it themselves. Here ye go....took me about 30 seconds..

" The current SPFL Board is made up of Neil Doncaster (CEO), Ralph Topping (Chairman), Eric Riley (Celtic), Stephen Thompson (Dundee United), Duncan Fraser (Aberdeen), Les Gray (Hamilton Academical), Mike Mulraney (Alloa Athletic) and Bill Darroch (Stenhousemuir). "

[cabbageandribs1875]

i really do wish the scottish media would stop giving roody skatchel a platform to enlighten the public with his clownish rants, he is a total and utter fool and a very average football player at best, aye roody it's yer name everyone fears :rolleyes:

[kaimendhibs]

Hey rudi!!!! Why dont you and me play a game of **** off?? You go first ya whinging big nosed prick!!!

FAF. Mind you I should thank him for making me look button nosed.


Sent from my iphone

[jacomo]

Didnae ken Sally McCoist posted on keeckboak

:faf: :faf:

Throughout all this, you have to say they've acted with dignity, accepted their punishment and just got on with it. :wink:

[O'Rourke3]

Why does he need to keep himself fit for another 5 months? They only have to wait another 8 week before they are out of admin. I know this as Fact because several yams have told me. Surely he can sign once out of admin?

There's an end march date I think that means anyone signed cannot play until the following season. Forget what it's called now.....

[scoopyboy]

There's an end march date I think that means anyone signed cannot play until the following season. Forget what it's called now.....

Ah yes, you don't hear it a lot now.....

DEADline day

[ACLeith]

There's an end march date I think that means anyone signed cannot play until the following season. Forget what it's called now.....

Fair play rules?

[21.05.2016]

i really do wish the scottish media would stop giving roody skatchel a platform to enlighten the public with his clownish rants, he is a total and utter fool and a very average football player at best, aye roody it's yer name everyone fears :rolleyes:

The love in, over obsession with this tit is cringeworthy. An average player at best, made to look good as he was playing less than average hibs teams and was playing in an over inflated hearts team full of decent players they couldnt afford. Better than any hibs player in the last 30 years they are claiming over on keekback - hahahahahahahaha :faf::faf::faf: He hasn't made it anywhere else hense why he keep scurrying back to hearts. He is an arrogant wee prick who loves being centre of attention hense why he wants to keep coming back to hearts because the mutants crawl up his arse and make him feel like a big shot even though he clearly isn't.

[jacomo]

Do they still wonder why they`re known as diet-huns?

They demand to know who they are. I never realised the SPFL website was so hard to find.


They seem to be to thick to find it themselves. Here ye go....took me about 30 seconds..

" The current SPFL Board is made up of Neil Doncaster (CEO), Ralph Topping (Chairman), Eric Riley (Celtic), Stephen Thompson (Dundee United), Duncan Fraser (Aberdeen), Les Gray (Hamilton Academical), Mike Mulraney (Alloa Athletic) and Bill Darroch (Stenhousemuir). "

Right, so which one of these ageists/racists is so terrified of the galvanising effect that Rudi could have on Hearts that they have blocked his return to the club?

[Jack Hackett]

Right, so which one of these ageists/racists is so terrified of the galvanising effect that Rudi could have on Hearts that they have blocked his return to the club?

That'll be Rod Petrie.... Who isn't actually ON the board
:faf:

[oneone73]

Right, so which one of these ageists/racists is so terrified of the galvanising effect that Rudi could have on Hearts that they have blocked his return to the club?

Ralph Topping's a Hibby, IIRC?

[O'Rourke3]

Ah yes, you don't hear it a lot now.....

DEADline day

That's the very fellow....

[Gus Fring]

Ralph Topping's a Hibby, IIRC?

He is. His day job is also at William Hill so I'm sure it won't be long before the Hearts fans come up with a conspiracy that he wants them down so they don't have to pay out for the people who put bets on them to stay up.

[Engels74]

Meanwhile over on sickback!! :greengrin


http://4.bp.blogspot.com/-JAGVV4EKvk8/UpS-RfDOEXI/AAAAAAAAPKs/oWm4n_T4XtU/s1600/pitchforks.gif

[StevieC]

Better than any hibs player in the last 30 years they are claiming over on keekback

He's not even close to being the best Hearts player in the last 30 years (and they've had some right donkeys)! :rolleyes:

[Weststandwanab]

Here we go

http://www.scribd.com/doc/204800547/2014-01-31-BDO-Creditors-Report

Perhaps bean counters other than myself can give you their opinions ?

[lapsedhibee]

Better than any hibs player in the last 30 years they are claiming over on keekback

:sauzee:'s probably outside that 30-year period, the way they count.

[AinsterHibs]

Meanwhile over on sickback!! :greengrin


http://4.bp.blogspot.com/-JAGVV4EKvk8/UpS-RfDOEXI/AAAAAAAAPKs/oWm4n_T4XtU/s1600/pitchforks.gif

Brilliant!:greengrin

[The_Todd]

Meanwhile over on sickback!! :greengrin


http://4.bp.blogspot.com/-JAGVV4EKvk8/UpS-RfDOEXI/AAAAAAAAPKs/oWm4n_T4XtU/s1600/pitchforks.gif

One flaw, that's too clean and modern looking to be Gorgie

[21.05.2016]

The only reason hearts fans have such an over infatuation and obsession to rat boy is because he is constantly digging it hibs, giving it the 5-1 and Looser sign at every opportunity. I bet if he didn't hate hibs as much they wouldn't have nearly as big a lovin with him. Thats how he sucks up to them, not by bigging up his "love" for hearts but by bigging up his hatred for hibs. The guy seems utterly obsessed with us, his whole career has revolved around hibs.

What I don't get however is how he was allowed to get away with his lovin with hearts when he went to Dundee Utd. If a player of anouther SPL club signed for us and wanted a scoreline from his previous club as his hibs shirt number and still gave it the big licks to the previous clubs fans when we played them and even refused to take a penalty against them in a cup tie then i would be furious!

Like I say, hes a less than average player hense why he can't make it anywhere else but hearts make him feel like some big super star and feed his over inflated ego with their cringey obsession with him.

[littleplum]

I'm no a bean counter so I've got a couple of questions:

1. BDO's fees come "partially from any outstanding trading receipts…and partially from the sale proceeds." To a layman does this mean BDO will empty the bank account (if there's anything left in it) before taking the rest of their £575k from the £2.5m headed to Lithuania? Apologies to CWG if this is on his FAQs.

2. The 6 month trading surplus of £720k doesn't look too healthy does it? Over the next 6 months they're likely to replicate a lot of that expenditure (£2.4m) while the sources of income will be largely limited to gate receipts (419k), hospitality (218k), and any income they've derived from the League Cup semis. That's some begging bowl that's going to be needed next month, no?

Besides that there doesn't seem too much new. They point out at least 3 times that it's all dependent on them being able to get hold of the shares. They also confirm that should they be able to track down the shares FoH will officially pay £1 for the squad, staff, stadium, 'brand' and history of HoM. Worth every penny.

[SteveHFC]

Dear Mr Gustas

I write to you as a concerned and ashamed Scotsman to inform you of an attempt by fellow Scottish people to defraud the Republic of Lithuania of many millions of pounds. You are no doubt aware of the plight of Ukio Bankas, UBIG and the dreadful conduct of the major shareholder in both of these companies Vladimir Romanov. But it is another of his ventures, namely his interest in Heart of Midlothian football club in Edinburgh I would like to draw your attention to. Since 2006 Mr Romanov has ploughed many millions of pounds, estimates believed to be as much as £85million, which has now turned out to be money he nor his banking groups could afford to invest, and these concerns raised many times over by the financial and football authorities here in Scotland. These concerns were continually ignored by officials at Hearts and also by their support who were happy to accept the success that has turned out to be the people of your countries money. Please also note that Romanov was refused permission to purchase shares at 2 other clubs. This is because he could not fund the regimes he was looking to put in place. This was ignored by Heart of Midlothian. They operated throughout his tenure with substantial losses which have now come to be at the Lithuanian tax payers expense. I would like to reiterate at this point that they have spent £85 million pounds of your money. I would also like to bring to your attention their failure to pay charities, police costs, healthcare costs and uk taxes owed during this time.
The current state of affairs at Heart of Midlothian sees them in administration and seeking a deal whereby the shares currently owned by UBIG, Ukio bankas and Ukio Bankas security on Tynecastle stadium in Edinburgh is sold to Bidco for the paltry sum of £2.5million. It is at this point I would like to make you aware of several areas of prime development land in Edinburgh that have sold recently for many millions of pounds over the £2.5million currently being offered to your people. It is at this point I would also say that it is my opinion that you would not be serving the people of Lithuania if you did not recover as much of their money that this organisation has taken with no intention of paying back. I would urge you to seek trustworthy advice on the value of the assets before proceeding with any deal as there is no doubt accepting an offer of £2.5 million is depriving your people of many of millions of pounds.
Finally, I would like to take this opportunity to apologise for the disgusting way in which this organisation has squandered many millions of pounds of your countries money. I find it totally unacceptable and would urge you to use all of your power in recouping your peoples money. If the tables were turned, it would be the least I would expect of my government. I would also appreciate your thoughts on the issues I have raised and if you are able to, your intentions in the future regarding these.
I look forward to your reply

Mr Kevin Moffat

Stolen from kickback

[NadeAteMyLunch!]

Love the irony that we all sat and watched that video of Sauzee last night. A legend of a player, a Champions League winner, a guy that captained a French side full of world class stars, a player that oozed class out of every pour, on and off the field. Compare and contrast that with this little gimp, whining to the press that he's not allowed to sign for a team stranded at the foot of the table. Clubless for close to a season now. What did he actually achieve in his career? A couple of Scottish cups? Moderate success at a *****y wee Scottish club? Couldn't lace Le God's boots. Comparing them is like trying to compare a fillet steak with a McDonalds hamburger that somebody's dropped on the floor.
They have obviously forgotten about wee Russell ripping the pash out of them for yrs as well. Another player that was in a completely different league to big beak. Voted in the top 50 foreigners to ever play in the UK. Also voted in the top 50 players in the entire world when he was at Hibs. Remember when Skacel was voted in the worlds top 50? Nah me neither. Does anyone even know who he is outside Gorgie and Prague? A nobody journeyman who's hanging around like a revolting smell at the only club where he's ever enjoyed even a modicum of success.

[GlenrothesHibee]

The love in, over obsession with this tit is cringeworthy. An average player at best, made to look good as he was playing less than average hibs teams and was playing in an over inflated hearts team full of decent players they couldnt afford. Better than any hibs player in the last 30 years they are claiming over on keekback - hahahahahahahaha :faf::faf::faf: He hasn't made it anywhere else hense why he keep scurrying back to hearts. He is an arrogant wee prick who loves being centre of attention hense why he wants to keep coming back to hearts because the mutants crawl up his arse and make him feel like a big shot even though he clearly isn't.

Even Paul Hartley was a far better player than Skacel. Skacel has failed miserably everywhere he's been other than Hearts. Thats why he's hanging around there like a bad smell

[QMU-1875]

Dear Mr Gustas

I write to you as a concerned and ashamed Scotsman to inform you of an attempt by fellow Scottish people to defraud the Republic of Lithuania of many millions of pounds. You are no doubt aware of the plight of Ukio Bankas, UBIG and the dreadful conduct of the major shareholder in both of these companies Vladimir Romanov. But it is another of his ventures, namely his interest in Heart of Midlothian football club in Edinburgh I would like to draw your attention to. Since 2006 Mr Romanov has ploughed many millions of pounds, estimates believed to be as much as £85million, which has now turned out to be money he nor his banking groups could afford to invest, and these concerns raised many times over by the financial and football authorities here in Scotland. These concerns were continually ignored by officials at Hearts and also by their support who were happy to accept the success that has turned out to be the people of your countries money. Please also note that Romanov was refused permission to purchase shares at 2 other clubs. This is because he could not fund the regimes he was looking to put in place. This was ignored by Heart of Midlothian. They operated throughout his tenure with substantial losses which have now come to be at the Lithuanian tax payers expense. I would like to reiterate at this point that they have spent £85 million pounds of your money. I would also like to bring to your attention their failure to pay charities, police costs, healthcare costs and uk taxes owed during this time.
The current state of affairs at Heart of Midlothian sees them in administration and seeking a deal whereby the shares currently owned by UBIG, Ukio bankas and Ukio Bankas security on Tynecastle stadium in Edinburgh is sold to Bidco for the paltry sum of £2.5million. It is at this point I would like to make you aware of several areas of prime development land in Edinburgh that have sold recently for many millions of pounds over the £2.5million currently being offered to your people. It is at this point I would also say that it is my opinion that you would not be serving the people of Lithuania if you did not recover as much of their money that this organisation has taken with no intention of paying back. I would urge you to seek trustworthy advice on the value of the assets before proceeding with any deal as there is no doubt accepting an offer of £2.5 million is depriving your people of many of millions of pounds.
Finally, I would like to take this opportunity to apologise for the disgusting way in which this organisation has squandered many millions of pounds of your countries money. I find it totally unacceptable and would urge you to use all of your power in recouping your peoples money. If the tables were turned, it would be the least I would expect of my government. I would also appreciate your thoughts on the issues I have raised and if you are able to, your intentions in the future regarding these.
I look forward to your reply

Mr Kevin Moffat

Stolen from kickback
Oh my.

[Weststandwanab]

LP I would comment on as follows : -

1) CWG will I am sure comment on in due course
2) I suspect you are correct.

The other thing this report confirm is that it is all dependent on the frozen shares being available !

[SteveHFC]

Oh my.

My thoughts exactly :agree:

Embarrassing :rolleyes:

[Weststandwanab]

Oh my. Jambo at the wind up IMO

[SaulGoodman]

Over on Kickback they are still arguing this is a breach of employment law. They want to go to court!

Nobody is stopping them from employing him. They just can't register him as a player. If they loved him so much they could still give him a job as a coach or something. Maybe use his nose to cover the pitch when it rains?

I'm going to take Barcelona to court because I want to play for them but they won't let me.

Surely this is breach of Employment law?

[07hibee]

The seethe from King Conk is delicious. Tears and snotters etc. Does he not know Hearts will be out of Administration by April? Just sign then Rudolph, everything will be fine, no?

There's another irony in his interview: Someone with a nose that size complaining about how much something stinks. I bet he could smell a dog turd in Bathgate if he was stood on Princes Street.


Tough luck Skacel , that's the way it goes,big nose

[Onion]

Do they still wonder why they`re known as diet-huns?

They demand to know who they are. I never realised the SPFL website was so hard to find.


They seem to be to thick to find it themselves. Here ye go....took me about 30 seconds..

" The current SPFL Board is made up of Neil Doncaster (CEO), Ralph Topping (Chairman), Eric Riley (Celtic), Stephen Thompson (Dundee United), Duncan Fraser (Aberdeen), Les Gray (Hamilton Academical), Mike Mulraney (Alloa Athletic) and Bill Darroch (Stenhousemuir). "

Well known fact that Les, Mike and Bill never liked Rudi :bye:

I heard the vote was 5-1 :thumbsup:

[dangermouse]

Good to see their car park income is less than their car park outgoings :greengrin

[Glesgahibby]

Cooling off period 28 days after the whole-process is completed.
Another yam myth busted,they think that period elapsed after there CVA acceptance spin.

[Gus Fring]

LP I would comment on as follows : -

1) CWG will I am sure comment on in due course
2) I suspect you are correct.

The other thing this report confirm is that it is all dependent on the frozen shares being available !

Can you screenshot that? It would be handy for proving to yams once and for all.

[Lester B]

I'm going to take Barcelona to court because I want to play for them but they won't let me.

Surely this is breach of Employment law?

I do employment law for a living. PM me, we'll slap a Tribunal claim on them and you'll be playing in the Nou Camp before Hearts get relegated. What number do you fancy on your shirt?

Skacel on the other hand; wouldn't touch that case with a bargepole. No chance of success there.

[7062]

Dear Mr Gustas

I write to you as a concerned and ashamed Scotsman to inform you of an attempt by fellow Scottish people to defraud the Republic of Lithuania of many millions of pounds. You are no doubt aware of the plight of Ukio Bankas, UBIG and the dreadful conduct of the major shareholder in both of these companies Vladimir Romanov. But it is another of his ventures, namely his interest in Heart of Midlothian football club in Edinburgh I would like to draw your attention to. Since 2006 Mr Romanov has ploughed many millions of pounds, estimates believed to be as much as £85million, which has now turned out to be money he nor his banking groups could afford to invest, and these concerns raised many times over by the financial and football authorities here in Scotland. These concerns were continually ignored by officials at Hearts and also by their support who were happy to accept the success that has turned out to be the people of your countries money. Please also note that Romanov was refused permission to purchase shares at 2 other clubs. This is because he could not fund the regimes he was looking to put in place. This was ignored by Heart of Midlothian. They operated throughout his tenure with substantial losses which have now come to be at the Lithuanian tax payers expense. I would like to reiterate at this point that they have spent £85 million pounds of your money. I would also like to bring to your attention their failure to pay charities, police costs, healthcare costs and uk taxes owed during this time.
The current state of affairs at Heart of Midlothian sees them in administration and seeking a deal whereby the shares currently owned by UBIG, Ukio bankas and Ukio Bankas security on Tynecastle stadium in Edinburgh is sold to Bidco for the paltry sum of £2.5million. It is at this point I would like to make you aware of several areas of prime development land in Edinburgh that have sold recently for many millions of pounds over the £2.5million currently being offered to your people. It is at this point I would also say that it is my opinion that you would not be serving the people of Lithuania if you did not recover as much of their money that this organisation has taken with no intention of paying back. I would urge you to seek trustworthy advice on the value of the assets before proceeding with any deal as there is no doubt accepting an offer of £2.5 million is depriving your people of many of millions of pounds.
Finally, I would like to take this opportunity to apologise for the disgusting way in which this organisation has squandered many millions of pounds of your countries money. I find it totally unacceptable and would urge you to use all of your power in recouping your peoples money. If the tables were turned, it would be the least I would expect of my government. I would also appreciate your thoughts on the issues I have raised and if you are able to, your intentions in the future regarding these.
I look forward to your reply

Mr Kevin Moffat

Stolen from kickback

Sorry if I'm being daft, but who is this meant to be getting sent to and who from? (Who's Kevin Moffat)

[jacomo]

My thoughts exactly :agree:

Embarrassing :rolleyes:

For those of us who are a little slow on the uptake... what exactly is going on here?

[Onion]

The only reason hearts fans have such an over infatuation and obsession to rat boy is because he is constantly digging it hibs, giving it the 5-1 and Looser sign at every opportunity. I bet if he didn't hate hibs as much they wouldn't have nearly as big a lovin with him. Thats how he sucks up to them, not by bigging up his "love" for hearts but by bigging up his hatred for hibs. The guy seems utterly obsessed with us, his whole career has revolved around hibs.

What I don't get however is how he was allowed to get away with his lovin with hearts when he went to Dundee Utd. If a player of anouther SPL club signed for us and wanted a scoreline from his previous club as his hibs shirt number and still gave it the big licks to the previous clubs fans when we played them and even refused to take a penalty against them in a cup tie then i would be furious!

Like I say, hes a less than average player hense why he can't make it anywhere else but hearts make him feel like some big super star and feed his over inflated ego with their cringey obsession with him.

Expect Alex Salmon to step in and over-rule the SPFL. The Scottish economy needs unskilled foreign workers like Rudi to pull pints and do jobs that no one else wants .... like playing for Hearts :thumbsup:

[poolman]

dear mr gustas

i write to you as a concerned and ashamed scotsman to inform you of an attempt by fellow scottish people to defraud the republic of lithuania of many millions of pounds. You are no doubt aware of the plight of ukio bankas, ubig and the dreadful conduct of the major shareholder in both of these companies vladimir romanov. But it is another of his ventures, namely his interest in heart of midlothian football club in edinburgh i would like to draw your attention to. Since 2006 mr romanov has ploughed many millions of pounds, estimates believed to be as much as £85million, which has now turned out to be money he nor his banking groups could afford to invest, and these concerns raised many times over by the financial and football authorities here in scotland. These concerns were continually ignored by officials at hearts and also by their support who were happy to accept the success that has turned out to be the people of your countries money. Please also note that romanov was refused permission to purchase shares at 2 other clubs. This is because he could not fund the regimes he was looking to put in place. This was ignored by heart of midlothian. They operated throughout his tenure with substantial losses which have now come to be at the lithuanian tax payers expense. I would like to reiterate at this point that they have spent £85 million pounds of your money. I would also like to bring to your attention their failure to pay charities, police costs, healthcare costs and uk taxes owed during this time.
The current state of affairs at heart of midlothian sees them in administration and seeking a deal whereby the shares currently owned by ubig, ukio bankas and ukio bankas security on tynecastle stadium in edinburgh is sold to bidco for the paltry sum of £2.5million. It is at this point i would like to make you aware of several areas of prime development land in edinburgh that have sold recently for many millions of pounds over the £2.5million currently being offered to your people. It is at this point i would also say that it is my opinion that you would not be serving the people of lithuania if you did not recover as much of their money that this organisation has taken with no intention of paying back. I would urge you to seek trustworthy advice on the value of the assets before proceeding with any deal as there is no doubt accepting an offer of £2.5 million is depriving your people of many of millions of pounds.
Finally, i would like to take this opportunity to apologise for the disgusting way in which this organisation has squandered many millions of pounds of your countries money. I find it totally unacceptable and would urge you to use all of your power in recouping your peoples money. If the tables were turned, it would be the least i would expect of my government. I would also appreciate your thoughts on the issues i have raised and if you are able to, your intentions in the future regarding these.
I look forward to your reply

mr kevin moffat

stolen from kickback


wtf

[SteveHFC]

For those of us who are a little slow on the uptake... what exactly is going on here?

http://www.hmfckickback.co.uk/index.php?/topic/137239-hibsnet/page__st__100__p__4037376#entry4037376

Apparently a Hibs fan sent the e-mail to the Lithuanian president

[The_Todd]

Is Sidney spelling his name with a "K" now? And an "evin"?

[StevieC]

http://www.hmfckickback.co.uk/index.php?/topic/137239-hibsnet/page__st__100__p__4037376#entry4037376

Apparently a Hibs fan sent the e-mail to the Lithuanian president

Hopefully it doesn't get past the SPAM filter.
Embarrassing.

[Pete]

I feel sorry for the decent hearts fans who wanted all this done with dignity. The last thing they probably wanted was to come across as another Sevco.

The end of mr Skacel and his career has well and truly ruined that. Not only was he an artificial hero who helped win tainted trophies, he has now shown his true colours as a petulant, immature individual who isn't as desired as some people would have you believe.

Goodbye. Your time at hearts will be remembered for cheating by those outside the crumbling walls of tynecastle. Your beloved employers were cheating and your club will forever be in that shadow and no amount of hand signs will change that.

Any more twists in this amusing little side-show that is hearts and their come-uppance?

[sh00byd00]

Is that letter genuine? :greengrin

Now, i dislike what Hearts have done as much as the next man but that really is something special.

[GloryGlory]

Here we go

http://www.scribd.com/doc/204800547/2014-01-31-BDO-Creditors-Report

Perhaps bean counters other than myself can give you their opinions ?

"Ransom payments £4,446.30".

:greengrin

[GreenLake]

Dear Mr Gustas

I write to you as a concerned and ashamed Scotsman to inform you of an attempt by fellow Scottish people to defraud the Republic of Lithuania of many millions of pounds. You are no doubt aware of the plight of Ukio Bankas, UBIG and the dreadful conduct of the major shareholder in both of these companies Vladimir Romanov. But it is another of his ventures, namely his interest in Heart of Midlothian football club in Edinburgh I would like to draw your attention to. Since 2006 Mr Romanov has ploughed many millions of pounds, estimates believed to be as much as £85million, which has now turned out to be money he nor his banking groups could afford to invest, and these concerns raised many times over by the financial and football authorities here in Scotland. These concerns were continually ignored by officials at Hearts and also by their support who were happy to accept the success that has turned out to be the people of your countries money. Please also note that Romanov was refused permission to purchase shares at 2 other clubs. This is because he could not fund the regimes he was looking to put in place. This was ignored by Heart of Midlothian. They operated throughout his tenure with substantial losses which have now come to be at the Lithuanian tax payers expense. I would like to reiterate at this point that they have spent £85 million pounds of your money. I would also like to bring to your attention their failure to pay charities, police costs, healthcare costs and uk taxes owed during this time.
The current state of affairs at Heart of Midlothian sees them in administration and seeking a deal whereby the shares currently owned by UBIG, Ukio bankas and Ukio Bankas security on Tynecastle stadium in Edinburgh is sold to Bidco for the paltry sum of £2.5million. It is at this point I would like to make you aware of several areas of prime development land in Edinburgh that have sold recently for many millions of pounds over the £2.5million currently being offered to your people. It is at this point I would also say that it is my opinion that you would not be serving the people of Lithuania if you did not recover as much of their money that this organisation has taken with no intention of paying back. I would urge you to seek trustworthy advice on the value of the assets before proceeding with any deal as there is no doubt accepting an offer of £2.5 million is depriving your people of many of millions of pounds.
Finally, I would like to take this opportunity to apologise for the disgusting way in which this organisation has squandered many millions of pounds of your countries money. I find it totally unacceptable and would urge you to use all of your power in recouping your peoples money. If the tables were turned, it would be the least I would expect of my government. I would also appreciate your thoughts on the issues I have raised and if you are able to, your intentions in the future regarding these.
I look forward to your reply

Mr Kevin Moffat

Stolen from kickback

This letter will likely end up in the trash beside those composed by Ian Murray and Lord Foulkes

[Gus Fring]

Where is this email supposed to have come from?

[sh00byd00]

Reading through some posts on Facebook, it seems the author of the letter posted it on his twitter page for all to see. I could be wrong and may have picked it up incorrectly, so don't quote me on that. I'm not trawling through Hearts related facebook pages that some of my mates have obviously commented on.

[lapsedhibee]

Is Sidney spelling his name with a "K" now? And an "evin"?

Kid Nevin?

:hmmm: Pat's wee boy does have form for noising up yams.

[Juice-Terry]

Dear Mr Gustas

I write to you as a concerned and ashamed Scotsman to inform you of an attempt by fellow Scottish people to defraud the Republic of Lithuania of many millions of pounds. You are no doubt aware of the plight of Ukio Bankas, UBIG and the dreadful conduct of the major shareholder in both of these companies Vladimir Romanov. But it is another of his ventures, namely his interest in Heart of Midlothian football club in Edinburgh I would like to draw your attention to. Since 2006 Mr Romanov has ploughed many millions of pounds, estimates believed to be as much as £85million, which has now turned out to be money he nor his banking groups could afford to invest, and these concerns raised many times over by the financial and football authorities here in Scotland. These concerns were continually ignored by officials at Hearts and also by their support who were happy to accept the success that has turned out to be the people of your countries money. Please also note that Romanov was refused permission to purchase shares at 2 other clubs. This is because he could not fund the regimes he was looking to put in place. This was ignored by Heart of Midlothian. They operated throughout his tenure with substantial losses which have now come to be at the Lithuanian tax payers expense. I would like to reiterate at this point that they have spent £85 million pounds of your money. I would also like to bring to your attention their failure to pay charities, police costs, healthcare costs and uk taxes owed during this time.
The current state of affairs at Heart of Midlothian sees them in administration and seeking a deal whereby the shares currently owned by UBIG, Ukio bankas and Ukio Bankas security on Tynecastle stadium in Edinburgh is sold to Bidco for the paltry sum of £2.5million. It is at this point I would like to make you aware of several areas of prime development land in Edinburgh that have sold recently for many millions of pounds over the £2.5million currently being offered to your people. It is at this point I would also say that it is my opinion that you would not be serving the people of Lithuania if you did not recover as much of their money that this organisation has taken with no intention of paying back. I would urge you to seek trustworthy advice on the value of the assets before proceeding with any deal as there is no doubt accepting an offer of £2.5 million is depriving your people of many of millions of pounds.
Finally, I would like to take this opportunity to apologise for the disgusting way in which this organisation has squandered many millions of pounds of your countries money. I find it totally unacceptable and would urge you to use all of your power in recouping your peoples money. If the tables were turned, it would be the least I would expect of my government. I would also appreciate your thoughts on the issues I have raised and if you are able to, your intentions in the future regarding these.
I look forward to your reply

Mr Kevin Moffat

Stolen from kickback

I have no problems whatsoever with that letter. Hope it's genuine. Goan Big Kev! :greengrin

[The_Todd]

I have my doubts as to the authenticity of that email, and the Hibby credentials of the author.

[Leith Mo]

See post number 37981 on this thread for the author?

[Moulin Yarns]

Dinnae worry Jambos. It looks like Killie are going bust

http://www.bbc.co.uk/sport/0/football/26052607

Well, I'm sure that will be all over howmanypointsback in a minute

[GordonHFC]

Dear Mr Gustas

I write to you as a concerned and ashamed Scotsman to inform you of an attempt by fellow Scottish people to defraud the Republic of Lithuania of many millions of pounds. You are no doubt aware of the plight of Ukio Bankas, UBIG and the dreadful conduct of the major shareholder in both of these companies Vladimir Romanov. But it is another of his ventures, namely his interest in Heart of Midlothian football club in Edinburgh I would like to draw your attention to. Since 2006 Mr Romanov has ploughed many millions of pounds, estimates believed to be as much as £85million, which has now turned out to be money he nor his banking groups could afford to invest, and these concerns raised many times over by the financial and football authorities here in Scotland. These concerns were continually ignored by officials at Hearts and also by their support who were happy to accept the success that has turned out to be the people of your countries money. Please also note that Romanov was refused permission to purchase shares at 2 other clubs. This is because he could not fund the regimes he was looking to put in place. This was ignored by Heart of Midlothian. They operated throughout his tenure with substantial losses which have now come to be at the Lithuanian tax payers expense. I would like to reiterate at this point that they have spent £85 million pounds of your money. I would also like to bring to your attention their failure to pay charities, police costs, healthcare costs and uk taxes owed during this time.
The current state of affairs at Heart of Midlothian sees them in administration and seeking a deal whereby the shares currently owned by UBIG, Ukio bankas and Ukio Bankas security on Tynecastle stadium in Edinburgh is sold to Bidco for the paltry sum of £2.5million. It is at this point I would like to make you aware of several areas of prime development land in Edinburgh that have sold recently for many millions of pounds over the £2.5million currently being offered to your people. It is at this point I would also say that it is my opinion that you would not be serving the people of Lithuania if you did not recover as much of their money that this organisation has taken with no intention of paying back. I would urge you to seek trustworthy advice on the value of the assets before proceeding with any deal as there is no doubt accepting an offer of £2.5 million is depriving your people of many of millions of pounds.
Finally, I would like to take this opportunity to apologise for the disgusting way in which this organisation has squandered many millions of pounds of your countries money. I find it totally unacceptable and would urge you to use all of your power in recouping your peoples money. If the tables were turned, it would be the least I would expect of my government. I would also appreciate your thoughts on the issues I have raised and if you are able to, your intentions in the future regarding these.
I look forward to your reply

Mr Kevin Moffat

Stolen from kickback

I find this disgraceful. Imagine apologising on their behalf.

[Killiehibbie]

I have no problems whatsoever with that letter. Hope it's genuine. Goan Big Kev! :greengrin
If it hasn't been sent it certainly should.

[Spike Mandela]

It would be funny if it had it's desired effect.:greengrin

[Gus Fring]

See post number 37981 on this thread for the author?

:top marks

[paul_hfc3]

Dinnae worry Jambos. It looks like Killie are going bust

http://www.bbc.co.uk/sport/0/football/26052607

Well, I'm sure that will be all over howmanypointsback in a minute

Are you being serious or are you being sarcastic? Is this a lifeline for Hearts?