Share Transfers Agreed/Cooling off period

[Mikey]

Thanks Sergey!

Glad to be of help :aok:

[Dashing Bob S]

Over the road they are rejoicing with the likes of... "Wonderful news!!! Out of admin soon then!!! Oh wait, isn't it the UBIG meeting we're waiting on??"

:faf::faf::faf::faf::faf:

All least it isn't all bad news - they have a new club song sang by a Motown superstar. http://www.youtube.com/watch?v=R1iAtoX9DKk

[WindyMiller]

Thanks Sergey!


No problem mate. :agree:

[PapillonVert]

Glad to be of help :aok:

I'm Spartacus.

[O'Rourke3]

I'm Spartacus.

And so is my wife

Sent from my brain via Tapatalk

[greenginger]

Been checking the next few fixtures for our hard-up chums in Gorgie and they don't appear to have a home fixture until Friday 21st March. That is 4 weeks since their last bit of income against Celtic.

Their scheduled fixture ( at home to Aberdeen ) is postponed because of the LC Final, hard luck with that one. They must be getting down to their last pennies as home sell-outs have not happened.

[Just Alf]

Been checking the next few fixtures for our hard-up chums in Gorgie and they don't appear to have a home fixture until Friday 21st March. That is 4 weeks since their last bit of income against Celtic.

Their scheduled fixture ( at home to Aberdeen ) is postponed because of the LC Final, hard luck with that one. They must be getting down to their last pennies as home sell-outs have not happened.

This where their propaganda on crowd numbers is coming back to bite them on the bum.
Their starting point of including ALL season tickets, whether at the game or not, then adding the walk ups to make the total is giving them a (small) feeling of comfort.

[Green Man]

Been checking the next few fixtures for our hard-up chums in Gorgie and they don't appear to have a home fixture until Friday 21st March. That is 4 weeks since their last bit of income against Celtic.

Their scheduled fixture ( at home to Aberdeen ) is postponed because of the LC Final, hard luck with that one. They must be getting down to their last pennies as home sell-outs have not happened.

Aye but they'll get a healthy sum from playing in the cup final will they not?

[Ronniekirk]

Been checking the next few fixtures for our hard-up chums in Gorgie and they don't appear to have a home fixture until Friday 21st March. That is 4 weeks since their last bit of income against Celtic.

Their scheduled fixture ( at home to Aberdeen ) is postponed because of the LC Final, hard luck with that one. They must be getting down to their last pennies as home sell-outs have not happened.
The budgie will help them out short term unless. B J is reporting back from Lith Land the the frozen shares issue has become insurmountable unless she puts in another chunk of her fortune .Then we will see how big a fan she really is .The PR machine clearly isn't going to tackle this perplexing conundrum until it has a solution , not withstanding the infamous Memorandam of Understading If they do go into the big L we will need to do something around that ,a bit like the Romanov bank notes at last Derby at Tynie that we didn't sell out as I was able to get a ticket ,but won't for next one no doubt .Might see if I can get one in the Hearts end or will they sell out on basis that by then they will have had good news about thier frozen shares and they will be cock a hoop :rolleyes:

[matty_f]

Aye but they'll get a healthy sum from playing in the cup final will they not?

You would think so. I presume they did make it to the final? I switched off with just a few seconds left when they were 2-1 up against 9 men. Seeing tattootwat high-fiving the wee yam told me that there was absolutely no waythey could f*** it up from that position.

[Craig_in_Prague]

You would think so. I presume they did make it to the final? I switched off with just a few seconds left when they were 2-1 up against 9 men. Seeing tattootwat high-fiving the wee yam told me that there was absolutely no waythey could f*** it up from that position.

You would have then missed David Beckam, I mean Jamie Hamill, swipe at fresh air, fall on his very big erchie (I hope our pitch is OK?) and ICT bundled in a goal to send the game into Extra Time. I turned it off then, as 30 minutes with the 'famous' having a 2 man advantage, I didn't want to see them rattling in goal after goal in our stadium. I hate to think how many they smashed in :(

[Stevie Reid]

You would have then missed David Beckam, I mean Jamie Hamill, swipe at fresh air, fall on his very big erchie (I hope our pitch is OK?) and ICT bundled in a goal to send the game into Extra Time. I turned it off then, as 30 minutes with the 'famous' having a 2 man advantage, I didn't want to see them rattling in goal after goal in our stadium. I hate to think how many they smashed in :(

I turned off after ICT missed their first pen. No way was it going to go wrong for Hertz from there. I presume all of them, including their new signing from West Ham, and regular penalty taker Hammill, slotted all theirs home and secured their passage to the final.

[Ronniekirk]

You would think so. I presume they did make it to the final? I switched off with just a few seconds left when they were 2-1 up against 9 men. Seeing tattootwat high-fiving the wee yam told me that there was absolutely no waythey could f*** it up from that position.
That's why they have kept on Billy Broon Tactical Genius .:wink:

[greenpaper55]

That's why they have kept on Billy Broon Tactical Genius .:wink:

Aye , but he has been places don't you know ?.

[hibees 7062]

Aye , but he has been places yea ken?.

Sorted :greengrin

[HIBERNIAN-0762]

This where their propaganda on crowd numbers is coming back to bite them on the bum.
Their starting point of including ALL season tickets, whether at the game or not, then adding the walk ups to make the total is giving them a (small) feeling of comfort.

Don't know the rules on this but this is a joke how they get away with trumpeting these crowd figures, only they could try this on trying to make themselves look good (which they are far from of course, the camera never lies)

Arrogant tossers.

[brog]

I know its early in the morning but here's a serious thought, would it not be better for everybody, including Yams, if they stopped this whole nonsense now & just went into Liquidation? The fact is the CVA process was never intended to rescue failing football clubs, it's a model intended to allow businesses to restructure & hopefully continue trading. The supposed benefits are many, including saving jobs, allowing creditors some recompense, avoiding state payouts etc etc! In Yams case there will be no real impact on employment, admin staff have already gone as have the higher earning players at the club. Creditors are screwed, only one receiving anything & that a fraction of what they are owed. Oh & BDO continue to rake in huge fees while Yams rapidly approach 3/4 of a year in admin. They continue to struggle along on life support, looking forward to a largely untested business model ( & where it has been tested it's failed ) & the knowledge they're going to continue playing in a ramshackle stadium whose only worth is in selling for real estate.
If they liquidate now & take their licks the oldco precedent means they'll almost certainly be reformed as Yam 1874, 1902 or 51 & be allowed to join the 4th tier of Scottish football. They can find a sugar daddy or mummy who can probably make money out of the L situation. They then set out a 5-10 year plan which includes promotions, a new stadium & cashing in on PBS & the greatest crop of youngsters ever seen in Scotland. The reality is that in Scottish terms Yams are a big club, nowhere near as big as they think of course, but they would retain sufficient support during their time in the nether regions to see them back on track. You never know they may even pay back some of the people, businesses & charities they've robbed over the years!
Fortunately, the collective ego of the Famous means this scenario is only going to happen if its forced on them & in that case it will be a fire sale with no structure or thought for the future. Whatever happens we can sit back in the front seats, drink in hand & enjoy the spectacle! :greengrin

[matty_f]

I turned off after ICT missed their first pen. No way was it going to go wrong for Hertz from there. I presume all of them, including their new signing from West Ham, and regular penalty taker Hammill, slotted all theirs home and secured their passage to the final.
Especially with Stevenson the tattootwat available to take a penalty. I doubt he'd have shat it and let a youngster take the flak.

[Mikey09]

I know its early in the morning but here's a serious thought, would it not be better for everybody, including Yams, if they stopped this whole nonsense now & just went into Liquidation? The fact is the CVA process was never intended to rescue failing football clubs, it's a model intended to allow businesses to restructure & hopefully continue trading. The supposed benefits are many, including saving jobs, allowing creditors some recompense, avoiding state payouts etc etc! In Yams case there will be no real impact on employment, admin staff have already gone as have the higher earning players at the club. Creditors are screwed, only one receiving anything & that a fraction of what they are owed. Oh & BDO continue to rake in huge fees while Yams rapidly approach 3/4 of a year in admin. They continue to struggle along on life support, looking forward to a largely untested business model ( & where it has been tested it's failed ) & the knowledge they're going to continue playing in a ramshackle stadium whose only worth is in selling for real estate.
If they liquidate now & take their licks the oldco precedent means they'll almost certainly be reformed as Yam 1874, 1902 or 51 & be allowed to join the 4th tier of Scottish football. They can find a sugar daddy or mummy who can probably make money out of the L situation. They then set out a 5-10 year plan which includes promotions, a new stadium & cashing in on PBS & the greatest crop of youngsters ever seen in Scotland. The reality is that in Scottish terms Yams are a big club, nowhere near as big as they think of course, but they would retain sufficient support during their time in the nether regions to see them back on track. You never know they may even pay back some of the people, businesses & charities they've robbed over the years!
Fortunately, the collective ego of the Famous means this scenario is only going to happen if its forced on them & in that case it will be a fire sale with no structure or thought for the future. Whatever happens we can sit back in the front seats, drink in hand & enjoy the spectacle! :greengrin


What at a lovely post to start off the weekend...... Cheers brog. :not worth

[Craig_in_Prague]

"Gary Locke wants Hearts to cause panic among the bottom six clubs by embarking on a winning run. (Various)"

[Phil D. Rolls]

Allisbarry:
"Gary Locke wants Hearts to cause panic among the bottom six clubs by embarking on a winning run. (Various)"

Event: Hearts cannot afford to draw games against the clubs they hope to catch.

[Springbank]

My 2 favourite days in this long drawn out Jambogedden which has lasted (so far) 21 months and 11 days are:

New years derby
And
Yogi outwitting hearts with 9 v 11

[PapillonVert]

B J is reporting back from Lith Land the the frozen shares issue has become insurmountable unless she puts in another chunk of her fortune .:

How do you know that? Or are you surmising that this might be the case?

[Geo_1875]

How do you know that? Or are you surmising that this might be the case?

I think the previous sentence ending "...unless." should have ended "....unless".

His meaning is clear but his punctuation is rotten.

[CropleyWasGod]

The supposed benefits are many, including saving jobs, allowing creditors some recompense, avoiding state payouts etc etc! In Yams case there will be no real impact on employment, admin staff have already gone as have the higher earning players at the club. Creditors are screwed, only one receiving anything & that a fraction of what they are owed. Oh & BDO continue to rake in huge fees while Yams rapidly approach 3/4 of a year in admin. T :greengrin

As a shareholder in UKplc (in admin:greengrin) I am happy for Hearts to lumber on as they are. They are paying their taxes, keeping the wee laddies off the dole, keeping BDO in (highly taxable) work, contributing to local businesses and, from a social accounting point of view, racking up the feel-good factor in certain parts of society.

Vive l'administration, say I.

:cb

[Moulin Yarns]

"Gary Locke wants Hearts to cause panic among the bottom six clubs by embarking on a winning run. (Various)"


Allisbarry:

Event: Hearts cannot afford to draw games against the clubs they hope to catch.

I'm not sure, but do they not need something like an average of more than 2 points per game out of the remaing fixtures to just make up the difference as it stands today?

[Phil D. Rolls]

It's March, and they're still here. I'm starting to doubt some of the predictions on here. :confused:

[Phil D. Rolls]

I'm not sure, but do they not need something like an average of more than 2 points per game out of the remaing fixtures to just make up the difference as it stands today?

How many games can they afford to lose before they have to win ALL of their games. It can't be far off now.

[jodjam]

How many games can they afford to lose before they have to win ALL of their games. It can't be far off now.

18 points behind with only 33 points available. Won't be long now

[Glesgahibby]

How many games can they afford to lose before they have to win ALL of their games. It can't be far off now.
My guess would be not many:greengrin
i would also hazard a guess they will have to win there last eight games :wink:

[dangermouse]

I turned off after ICT missed their first pen. No way was it going to go wrong for Hertz from there. I presume all of them, including their new signing from West Ham, and regular penalty taker Hammill, slotted all theirs home and secured their passage to the final.

I decided to stick it out to the bitter end and I'm glad to report that Hearts managed to somehow replicate the glory year that was 1986 by snatching defeat from the jaws of victory. I'm sure Albert Kidd scored the winner for ICT :greengrin

[dangermouse]

It's March, and they're still here. I'm starting to doubt some of the predictions on here. :confused:

No it's not. :na na:

[Dashing Bob S]

Well another week goes by and still no sign of those pesky shares and a creditors meeting to rubber stamp the process. But no sense in hitting the panic button yet; I'm quite sure it's all in hand. Yes, those things are complex, but let's put our trust in the Admins and FOH and the Queen of Hearts to sort it all out.

I'm positive in my own mind that the club won't run out of money before that we have the shares in our hands and the CVA approved.

Looking forward to a bright future for Hearts.

5-1, 1902 etc etc

[Weststandwanab]

My 2 favourite days in this long drawn out Jambogedden which has lasted (so far) 21 months and 11 days are:

New years derby
And
Yogi outwitting hearts with 9 v 11 Great call me too.


It's March, and they're still here. I'm starting to doubt some of the predictions on here. :confused: St. David's day is tomorrow but I am starting to doubt their insistence that the will be out of Admin in Q1


I decided to stick it out to the bitter end and I'm glad to report that Hearts managed to somehow replicate the glory year that was 1986 by snatching defeat from the jaws of victory. I'm sure Albert Kidd scored the winner for ICT :greengrin Me too it was great so was the champagne.

[Dashing Bob S]

I decided to stick it out to the bitter end and I'm glad to report that Hearts managed to somehow replicate the glory year that was 1986 by snatching defeat from the jaws of victory. I'm sure Albert Kidd scored the winner for ICT :greengrin

I think they showed that they've lost none of their flair for doing it when it really counts, from throwing away the flag in 86, to buying another month where the Lith courts can say "who are those muppets from Scotland who are on the phone about some shares" in 14.

[Phil D. Rolls]

No it's not. :na na:

Apparently not - although it will be by the time I get out of bed. These three day weeks are playing havoc with my memory.

[greenginger]

Here is the Official notice for the Ukio Bankas first creditors meeting.


http://translate.google.com/translate?hl=en&sl=lt&u=http://www.ub.lt/&prev=/search%3Fq%3Dukio%2Bbankas%26client%3Dfirefox-a%26hs%3DDx6%26rls%3Dorg.mozilla:en-US:official%26channel%3Dsb

Does not sound like they will get round to dealing with the Gorgie Crooks at this meeting.

[greenginger]

And here is the agenda,


http://translate.googleusercontent.com/translate_c?depth=1&hl=en&prev=/search%3Fq%3Dukio%2Bbankas%26client%3Dfirefox-a%26hs%3D0Qm%26rls%3Dorg.mozilla:en-US:official%26channel%3Dsb&rurl=translate.google.com&sl=lt&u=http://www.ub.lt/images/doc/Balsavimo_rastu_biuletenis_pirmajam_Ukio_banko_kre ditoriu_susirinkimui.pdf&usg=ALkJrhjEbJ3bdhFuzXYqRZXpxNBtgKrX_g


No mention of " the Infamous " or even a nomination for Fatty Foulkes as meeting Chairman. :greengrin

[CropleyWasGod]

Here is the Official notice for the Ukio Bankas first creditors meeting.


http://translate.google.com/translate?hl=en&sl=lt&u=http://www.ub.lt/&prev=/search%3Fq%3Dukio%2Bbankas%26client%3Dfirefox-a%26hs%3DDx6%26rls%3Dorg.mozilla:en-US:official%26channel%3Dsb

Does not sound like they will get round to dealing with the Gorgie Crooks at this meeting.

There are 2 dates shown. Any idea why?

to be held in 2014. March 18. (Tuesday) at 10:00 am., At March 11 - th st. 26, Kaunas (Girstutis cultural center of the hall).

EDIT....D'oh..... It's March 11th Street.... :rolleyes:.

Now that's gonna confuse a few folk.... :greengrin

[JeMeSouviens]

There are 2 dates shown. Any idea why?

to be held in 2014. March 18. (Tuesday) at 10:00 am., At March 11 - th st. 26, Kaunas (Girstutis cultural center of the hall).

D'oh..... It's March 11th Street.... :rolleyes:.

Now that's gonna confuse a few folk.... :greengrin

There appears to be a street in Kaunas, called "March 11th Street". Presumably a significant date?

Edit - Lithuanian Independence Day.

[portycabbage]

I turned off after ICT missed their first pen. No way was it going to go wrong for Hertz from there. I presume all of them, including their new signing from West Ham, and regular penalty taker Hammill, slotted all theirs home and secured their passage to the final.

I missed the whole thing as I was at a kids party at Dynamic Earth. It was the first time I'd been, and I'd heard they had an iceberg. I can confirm that it's still frozen.:cb:greengrin

[CropleyWasGod]

There appears to be a street in Kaunas, called "March 11th Street". Presumably a significant date?

Edit - Lithuanian Independence Day.

Does that mean that, 7 days later, the creditors will still be full of LithNat spirit, and not disposed to look well on pesky foreign imperialist capitalist running dogs?

:cb

[O'Rourke3]

Does that mean that, 7 days later, the creditors will still be full of LithNat spirit, and not disposed to look well on pesky foreign imperialist capitalist running dogs?

:cb

The Lithuanians are not well disposed to Russians(Soviets) at the best of times. With the protagonist hiding back home - they will ensure they'll maximise their return from the remaining crumbs. In the aftermath of Independence Day , spirits still bound to be high :thumbsup:.

[Liberal Hibby]

Does that mean that, 7 days later, the creditors will still be full of LithNat spirit, and not disposed to look well on pesky foreign imperialist capitalist running dogs?

:cb

I think you'll find the Liths are the capitalist running dogs!

[CropleyWasGod]

I think you'll find the Liths are the capitalist running dogs!

Yeah but they're their running dogs . . Not pesky smelly foreign ones :-)

[Dashing Bob S]

Yeah but they're their running dogs . . Not pesky smelly foreign ones :-)

How the mighty 'Famous' have fallen. You'd think that the Lithuanians would have been charitable and given them a mention at this meeting, even if it makes absolutely no difference to their plight.

[TrinityHibs]

No it's not. :na na:

It is now :na na:and this needs to be on the first page:thumbsup:

[Phil D. Rolls]

It is now :na na:and this needs to be on the first page:thumbsup:

My goodness BDO know how to milk an audience. Here we are in March, not a cheep about when the rubber stamp is going to hit the paper. Must be waiting for a slow news day to get maximum impact.

[fat freddy]

It appears that they are on the verge of exiting administration if they top thread on sickboak is anything to go by...they are now discussing the appropriate celebration to have on the big day. One poster suggests having Rudi in the starting 11 and another says they should have all their saviours on the pitch to recieve the fans gratitude. Foulkes, Budge, Murray, Banderson and The BDO team on a flatbed truck being towed around the trackside to the sound of the Dambusters theme tune sounds like a nice touch and i wish them well in their efforts but as the shares are still frozen this thread seems a tad optimistic and in fairness to a few less deluded frothers the O.P. has been criticised for jumping the gun with his suggestion.

[Phil D. Rolls]

It appears that they are on the verge of exiting administration if they top thread on sickboak is anything to go by...they are now discussing the appropriate celebration to have on the big day. One poster suggests having Rudi in the starting 11 and another says they should have all their saviours on the pitch to recieve the fans gratitude. Foulkes, Budge, Murray, Banderson and The BDO team on a flatbed truck being towed around the trackside to the sound of the Dambusters theme tune sounds like a nice touch and i wish them well in their efforts but as the shares are still frozen this thread seems a tad optimistic and in fairness to a few less deluded frothers the O.P. has been criticised for jumping the gun with his suggestion.

He's a Hibby, I know him and it appears that most of them have spotted its a wind-up.

Loved the guy that's going to get a Tick Tock banner. I do hope he is able to get it in time for the next game. They should be out of admin and debt free by then, so they'll really be able to rub our noses in it.

It appears getting relegated is getting away with it now.

[O'Rourke3]

Into March which should end with the official deadline day bar on playing any new signings till next season. There's a tiny wee bit of me would just like to see them come out of Admin in April just to see the seethers baying at the SFPL for making up rules to prevent them playing squad no 51.

They don't get finance, they don't get legal and they also have problems with applying the rules. The confusion is endless as is the fun.

[Springbank]

Into March which should end with the official deadline day bar on playing any new signings till next season. There's a tiny wee bit of me would just like to see them come out of Admin in April just to see the seethers baying at the SFPL for making up rules to prevent them playing squad no 51.

They don't get finance, they don't get legal and they also have problems with applying the rules. The confusion is endless as is the fun.

As their big cousins are finding out, if you don't "get" finance you won't be given finance

[s.a.m]

Vlad P's got it!!!!!!



Andrew Neil ‏@afneil · 3m
Russian Parliament rubber stamps use of troops throughout Ukraine - not just Crimea

However, I'm sure that once he's done with his tension escalation manoeuvres, he'll have it a jiffy bag and on its way to Lithuania.:agree:

[Dashing Bob S]

Vlad P's got it!!!!!!



Andrew Neil ‏@afneil · 3m
Russian Parliament rubber stamps use of troops throughout Ukraine - not just Crimea

However, I'm sure that once he's done with his tension escalation manoeuvres, he'll have it a jiffy bag and on its way to Lithuania.:agree:

I wonder how long it will be before some Kickbacker uses the Ukrainian situation as an excuse for Hearts failure to implement the CVA.

[CropleyWasGod]

I wonder how long it will be before some Kickbacker uses the Ukrainian situation as an excuse for Hearts failure to implement the CVA.

Well it's quite clear that there is a Russian strategy to annex its former satellites. Lithuania will be next.

That said, they will need experienced submariners to navigate the Baltic. Any suggestions?

[Ronniekirk]

He's a Hibby, I know him and it appears that most of them have spotted its a wind-up.

Loved the guy that's going to get a Tick Tock banner. I do hope he is able to get it in time for the next game. They should be out of admin and debt free by then, so they'll really be able to rub our noses in it.

It appears getting relegated is getting away with it now.
If they come back up in one season and stay up then they would see that as getting away with it .But no guarantee they will do that and be interesting to see who they can afford and if ex players do sign up and how they get financed .But as we have seen with Sevco more and more money is needed and budge would have to bring others on board and fans owning club Will turn out to be a vehicle that was used to try and get the deal done as cheaply as possible So there lots of mileage left in this to run and run

[The Gorf]

It appears that they are on the verge of exiting administration if they top thread on sickboak is anything to go by...they are now discussing the appropriate celebration to have on the big day. One poster suggests having Rudi in the starting 11 and another says they should have all their saviours on the pitch to recieve the fans gratitude. Foulkes, Budge, Murray, Banderson and The BDO team on a flatbed truck being towed around the trackside to the sound of the Dambusters theme tune sounds like a nice touch and i wish them well in their efforts but as the shares are still frozen this thread seems a tad optimistic and in fairness to a few less deluded frothers the O.P. has been criticised for jumping the gun with his suggestion.
Even with that lot on the flatbed I bet it still Couldnae carry Nade.:wink:

[Dashing Bob S]

He's a Hibby, I know him and it appears that most of them have spotted its a wind-up.

Loved the guy that's going to get a Tick Tock banner. I do hope he is able to get it in time for the next game. They should be out of admin and debt free by then, so they'll really be able to rub our noses in it.

It appears getting relegated is getting away with it now.

Relegation is soooo yesterday's thing. In fashionable circles they're saying liquidation is the new getting away with it.

[Springbank]

I don't want to come across as A Pedant, but beuracracy folk ken whits gaun oan.

Even if they find a rubber stamp they're still going to need ink.

[O'Rourke3]

I don't want to come across as A Pedant, but beuracracy folk ken whits gaun oan.

Even if they find a rubber stamp they're still going to need ink.

Probably loads of fax toner left somewhere. Needs must and all that....

Sent from my brain via Tapatalk

[Weststandwanab]

I wonder how long it will be before some Kickbacker uses the Ukrainian situation as an excuse for Hearts failure to implement the CVA. Now that is a good idea


I don't want to come across as A Pedant, but beuracracy folk ken whits gaun oan.

Even if they find a rubber stamp they're still going to need ink. And authority, in triplicate, to use it.

[greenginger]

I see new regulations covering Pay-Day lenders is coming into force in a couple of months and will require all of their advertising to carry a " risk Warning ".

I wonder if that will apply to the Yam strips if the " Heart and Soul of Edinburgh " renew their partnership with that bastion of enlightenment that is Wonga.

A risk warning on the bloodied-turd coloured jerseys is long overdue, with or without the Wonga logo, if you ask me. :greengrin

[Kato]

I see new regulations covering Pay-Day lenders is coming into force in a couple of months and will require all of their advertising to carry a " risk Warning ".

I wonder if that will apply to the Yam strips if the " Heart and Soul of Edinburgh " renew their partnership with that bastion of enlightenment that is Wonga.

A risk warning on the bloodied-turd coloured jerseys is long overdue, with or without the Wonga logo, if you ask me. :greengrin


I understand that on the Hearts strips underneath the logo the words "use of this product could render your finances unsound" must appear, that's under the Wonga logo not the HoMFC logo.

*hs anyone ever thought that choosing wonga as sponsors was a wee last joke from VR?

[greenginger]

I understand that on the Hearts strips underneath the logo the words "use of this product could render your finances unsound" must appear, that's under the Wonga logo not the HoMFC logo.

*hs anyone ever thought that choosing wonga as sponsors was a wee last joke from VR?


Competition for insolvent Livingston and their Intelligent Finance sponsor.

[Ronniekirk]

I understand that on the Hearts strips underneath the logo the words "use of this product could render your finances unsound" must appear, that's under the Wonga logo not the HoMFC logo.

*hs anyone ever thought that choosing wonga as sponsors was a wee last joke from VR?

When we get beat and everyone is moaning how bad we are there're is something reassuring about coming onto this thread as it's all about the Hear7s self inflicted problems and we know that that's not going to be us in a few years time .We don't need any Memorandum of Understanding ,as we understand how to Prudently Manage our Finances and adhere to the Principles of Sporting Integrity.

[Ozyhibby]

When we get beat and everyone is moaning how bad we are there're is something reassuring about coming onto this thread as it's all about the Hear7s self inflicted problems and we know that that's not going to be us in a few years time .We don't need any Memorandum of Understanding ,as we understand how to Prudently Manage our Finances and adhere to the Principles of Sporting Integrity.

A contributing factor in the length of this thread is the frequency of our defeats these days.

[Billy Whizz]

Some Jumbo on Kickback has said the below about Rangers possibly going into admin

"So a club can essentially ***** loads of cash to secure a title then fall into admin to cancel the debts racked up but still benefit from the fruits of that financial piracy?"

That's the blueprint then!

They don't get it do they

[Jack Hackett]

Some Jumbo on Kickback has said the below about Rangers possibly going into admin

"So a club can essentially ***** loads of cash to secure a title then fall into admin to cancel the debts racked up but still benefit from the fruits of that financial piracy?"

That's the blueprint then!

They don't get it do they

Not least because Sevco aren't doing it to shed debt...they don't have any debt. Not the sharpest tools in the box when it comes to financial matters over there, as they've proven time and again. Lest we forget, these are the half-wits who believed they 'owed it to themselves' right up to the point when the creditors knocked on their door

[Sergey]

Not least because Sevco aren't doing it to shed debt...they don't have any debt. Not the sharpest tools in the box when it comes to financial matters over there, as they've proven time and again. Lest we forget, these are the half-wits who believed they 'owed it to themselves' right up to the point when the creditors knocked on their door

What this does cement is the fact of how difficult it is for a club even after exiting administration (if indeed they do), as simply cutting the wage bill and shedding old debt doesn't alleviate other costs that put you into administration in the first place.

Ask Coventry - Portsmouth (twice) and closer to home, Gretna, Airdrieonians and Clydebank.

Given that everything is still embroiled in dealings of the courts in Lithuania, It could be said that Hearts are in a perilously worse position than those aforementioned clubs.

[Iggy Pope]

Competition for insolvent Livingston and their Intelligent Finance sponsor.

Part of the HBOS umbrella was it not?

[Kato]

When we get beat and everyone is moaning how bad we are there're is something reassuring about coming onto this thread as it's all about the Hear7s self inflicted problems.



Speak for yourself. I take no reassurance from this thread.

[greenginger]

http://www.lrytas.lt/sportas/futbolas/po-j-mourinho-pamoku-e-jankauskas-rengiasi-debiutui-a-lygoje.htm#.UxOkW-N_tig

The article is not important, just about Jankauskas getting a start in coaching.

Check his sweat-shirt. The Milan fashion queen must still be in business, the R - Revolution line coming soon to a Matalan store near you.

[Kato]

http://www.lrytas.lt/sportas/futbolas/po-j-mourinho-pamoku-e-jankauskas-rengiasi-debiutui-a-lygoje.htm#.UxOkW-N_tig

The article is not important, just about Jankauskas getting a start in coaching.

Check his sweat-shirt. The Milan fashion queen must still be in business, the R - Revolution line coming soon to a Matalan store near you.

Those tops will be doing the rounds at any given third rate knock-off market for the next ten years. They go full circle and end up being sold at The Barras by 2020 (as "taaps"), 3 for a fiver - "Erra RR taaps, thrree'frah'poun".

[Dashing Bob S]

I dislike the Huns deliberately going into a second administration in a shameless bid to try and marginalise Hearts valiant liquidation attempts, so I'm posting this to show my support for Edinburgh football.

[Mikey]

So my good friend and "respected" poster on Brokeback has just told me BDO will announce in the next couple of days that a deal has been reached with the Lith's. Admin will be exited in 4-6 weeks.

Specifically asked for Sergey's view on this (they don't like you over there!).

Well that's 6 weeks since your "respected" (not by many on here :greengrin) pal was telling anyone who would listen that they would be out of Administration by now.

But in that time absolutely nothing has happened. I would specifically ask for Sergey's views on this but I would be wasting my time as he would just say what he's been saying all along............. it's going to be a long, long process.

Sure they've made a few noises about what they'll do when they get the shares with Anne Budge and FOH making all sorts of promises, but I've got plans for when I win the lottery but guess what........... that hasn't happened yet either :greengrin We've also had a visit to Lithuania by Jackson but that clearly didn't bear any fruit as BAnderson hasn't been told to spin a positive story about it.

So other than being 5 points adrift at the bottom of the table (oops sorry, I forgot about the 15 points penalty so that'll be 20 points) there's nothing new.

On the subject of 15 points, it's not going to take too many more delays before they find themselves kicking off next season on -15 points. If they survive the summer that is :wink:

[Hermit Crab]

Well that's 6 weeks since your "respected" (not by many on here :greengrin) pal was telling anyone who would listen that they would be out of Administration by now.

But in that time absolutely nothing has happened. I would specifically ask for Sergey's views on this but I would be wasting my time as he would just say what he's been saying all along............. it's going to be a long, long process.

Sure they've made a few noises about what they'll do when they get the shares with Anne Budge and FOH making all sorts of promises, but I've got plans for when I win the lottery but guess what........... that hasn't happened yet either :greengrin We've also had a visit to Lithuania by Jackson but that clearly didn't bear any fruit as BAnderson hasn't been told to spin a positive story about it.

So other than being 5 points adrift at the bottom of the table (oops sorry, I forgot about the 15 points penalty so that'll be 20 points) there's nothing new.

On the subject of 15 points, it's not going to take too many more delays before they find themselves kicking off next season on -15 points. If they survive the summer that is :wink:

Kwality :D

[Ronniekirk]

Speak for yourself. I take no reassurance from this thread.
Do you think we could end up going into Administration ? As that was all I was meaning we won't as we are run Prudently all be it in last few years we have not made profits the way we used to and run up more debt but it's still very manageable . Another four seasons like the last four could certainly increase our Debt but think we can only go up the way again from next season

[Waxy]

Dontfretaboutdebt dontfretaboutdebt dontfretaboutdebt.net

[Hibbyradge]

Dontfretaboutdebt dontfretaboutdebt dontfretaboutdebt.net

:tee hee:

[Hibbyradge]

Do you think we could end up going into Administration ? As that was all I was meaning we won't as we are run Prudently all be it in last few years we have not made profits the way we used to and run up more debt but it's still very manageable . Another four seasons like the last four could certainly increase our Debt but think we can only go up the way again from next season

We reduced our debt by £1m last year.

[CropleyWasGod]

Do you think we could end up going into Administration ? As that was all I was meaning we won't as we are run Prudently all be it in last few years we have not made profits the way we used to and run up more debt but it's still very manageable . Another four seasons like the last four could certainly increase our Debt but think we can only go up the way again from next season

I'm maybe speaking out of turn, but I think he was meaning that he takes no reassurance from this thread that Hibs are any good. :greengrin

And, FYI, we have made profits in 5 out of the last 7 years AND reduced our debt. Just don't tell the Yams....:cb

[Hibbyradge]

So my good friend and "respected" poster on Brokeback has just told me BDO will announce in the next couple of days that a deal has been reached with the Lith's. Admin will be exited in 4-6 weeks.



What's his latest forecast?

[Kato]

Do you think we could end up going into Administration ? As that was all I was meaning we won't as we are run Prudently all be it in last few years we have not made profits the way we used to and run up more debt but it's still very manageable . Another four seasons like the last four could certainly increase our Debt but think we can only go up the way again from next season

You'll forgive me if I thought you were talking about seeking solace on this thread from our footballing woes as you wrote, "When we get beat and everyone is moaning how bad we are".

Maybe paying attention to what you yourself write will keep you on topic as I'm not around to put you right all the time and lack the required mind-reading abilities when you write about one thing but actually mean another.

[Kato]

Do you think we could end up going into Administration ? As that was all I was meaning we won't as we are run Prudently all be it in last few years we have not made profits the way we used to and run up more debt but it's still very manageable . Another four seasons like the last four could certainly increase our Debt but think we can only go up the way again from next season

Think you may well be talking rubbish.

Do you have the figures for this increased debt?

[JeMeSouviens]

Think you may well be talking rubbish.

Do you have the figures for this increased debt?

Yam economists will tell you that Hibs debt has increased markedly in the last 5 years and indeed it did take a large jump upwards in 2010. Around the same time a huge green and white thing appeared on the east side of our stadium. Wonder if these seemingly unrelated incidents might have a connection? :dunno:

[Mikey]

Think you may well be talking rubbish.

Do you have the figures for this increased debt?

How's about we do this on a Hibs thread? :wink:

[Jack Hackett]

Think you may well be talking rubbish.

Do you have the figures for this increased debt?

I'm sure there will be some sort of numbers floating around on keechboak alluding to our massive unaffordable commitments.

[Jack]

How's about we do this on a Hibs thread? :wink:

Do we have one? :shock:

[Mikey]

What's his latest forecast?

To be fair it's not his forecast, he just puts up what David "self sufficient" Southern tells him to.

It's just one timescale after another from them. When they went into Admin they said they would be out and debt free (including the debt to the poppy factory) in 2 weeks.

They'll be telling us next that the shares aren't actually frozen!!

[Caversham Green]

How's about we do this on a Hibs thread? :wink:

A fair point, but hopefully you'll forgive me for pointing out:

Hibs net debt at 31 July 2005 - £9,293,953.

Hibs net debt at 31 July 2013 - £5,545,076.

And in that time we built a new stand and a training centre while (back on topic) Hearts went bust.

[Jack Hackett]

To be fair it's not his forecast, he just puts up what David "self sufficient" Southern tells him to.

It's just one timescale after another from them. When they went into Admin they said they would be out and debt free (including the debt to the poppy factory) in 2 weeks.

They'll be telling us next that the shares aren't actually frozen!!

Shirley no! Nobody's that dumb....are they?

[CropleyWasGod]

A fair point, but hopefully you'll forgive me for pointing out:

Hibs net debt at 31 July 2005 - £9,293,953.

Hibs net debt at 31 July 2013 - £5,545,076.

And in that time we built a new stand and a training centre while (back on topic) Hearts went bust.

And, in one easy movement, Cav's Monday morning cold shower brought us all back to reality. :top marks

[malcky]

And, in one easy movement, Cav's Monday morning cold shower brought us all back to reality. :top marks

Pleasing :wink:

[brog]

A fair point, but hopefully you'll forgive me for pointing out:

Hibs net debt at 31 July 2005 - £9,293,953.

Hibs net debt at 31 July 2013 - £5,545,076.

And in that time we built a new stand and a training centre while (back on topic) Hearts went bust.

Yeah ok, but 5-1, 1902, Texaco Cup final, beating St Pats in Europe etc etc!! :wink:

[Glesgahibby]

Well that's 6 weeks since your "respected" (not by many on here :greengrin) pal was telling anyone who would listen that they would be out of Administration by now.

But in that time absolutely nothing has happened. I would specifically ask for Sergey's views on this but I would be wasting my time as he would just say what he's been saying all along............. it's going to be a long, long process.

Sure they've made a few noises about what they'll do when they get the shares with Anne Budge and FOH making all sorts of promises, but I've got plans for when I win the lottery but guess what........... that hasn't happened yet either :greengrin We've also had a visit to Lithuania by Jackson but that clearly didn't bear any fruit as BAnderson hasn't been told to spin a positive story about it.

So other than being 5 points adrift at the bottom of the table (oops sorry, I forgot about the 15 points penalty so that'll be 20 points) there's nothing new.

On the subject of 15 points, it's not going to take too many more delays before they find themselves kicking off next season on -15 points. If they survive the summer that is :wink:
I made a comment on this thread eluding to the "FACT"that this is the only place to find out the truth regarding "hearts financial downfall".
many posters on "nowayback" laughed and deluded themselves at my thoughts as being,some sort of! peg selling,jakey,hobbo,unemployed,wee team jealous rant:rolleyes:
To any yam looking in:wink:
This post by Mikey :top marks
"is exactly what I ment"

[Glesgahibby]

A fair point, but hopefully you'll forgive me for pointing out:

Hibs net debt at 31 July 2005 - £9,293,953.

Hibs net debt at 31 July 2013 - £5,545,076.

And in that time we built a new stand and a training centre while (back on topic) Hearts went bust.
May I take the opportunity to tell our,yams friends looking in,
" another truth "yes "another fact":greengrin
:top marks

[Leithenhibby]

A fair point, but hopefully you'll forgive me for pointing out:

Hibs net debt at 31 July 2005 - £9,293,953.

Hibs net debt at 31 July 2013 - £5,545,076.

And in that time we built a new stand and a training centre while (back on topic) Hearts went bust..


When WM sold HMFC to the Pieman, I've always thought what the 4m debt would equate to in today's money. 10,901,200.00 They were always gonna struggle from then on! Tick follows Tock

Pleasing :wink:

[StevieC]

A fair point, but hopefully you'll forgive me for pointing out:

Hibs net debt at 31 July 2005 - £9,293,953.

Hibs net debt at 31 July 2013 - £5,545,076.

And in that time we built a new stand and a training centre while (back on topic) Hearts went bust.

:grr: PETRIE! sort it ..

.. oh wait ..

.. :whistle:

[Glory Lurker]

Nice piece of deflection, but our yam friends aren't going to be fooled. Okay Hibs.net has cut its debt over the years, but what about Hibs itself? That's what the post says, right? :confused:

[Phil D. Rolls]

Nice piece of deflection, but our yam friends aren't going to be fooled. Okay Hibs.net has cut its debt over the years, but what about Hibs itself? That's what the post says, right? :confused:

If Hibs.net is carrying the clubs debt, I'd like to think Hibs owe it to themselves, or something like that.

[CropleyWasGod]

If Hibs.net is carrying the clubs debt, I'd like to think Hibs owe it to themselves, or something like that.

Hibs.net just cut the Hibs debt by another £10k at the weekend, did they no?

Or something....

[Gus Fring]

According to the Yams we're losing £1m a season but reducing the debt at the same time. Yamenomics.

They think they've stumbled across some grand loophole that will see them elevated to the 3rd best team in Scotland. Do they not realise that if they're wee plan was as big a success as they think it will be that every team in the league will follow suit? In fact, if they really wanted to, there'd be nothing to stop every club entering admin on the same day, largely nullifying the punishment a points deduction would bring.

Of course that won't happen because, despite their protestations, it's not having debt that is cheating, it's not paying your debt because you're paying players exorbitant wages that's the problem.

[Caversham Green]

A fair point, but hopefully you'll forgive me for pointing out:

Hibs net debt at 31 July 2005 - £9,293,953.

Hibs net debt at 31 July 2013 - £5,545,076.

And in that time we built a new stand and a training centre while (back on topic) Hearts went bust.

I see this post has been picked by those people on JKB who never look at Hibs.net, so for their benefit I'll add one thing.....

We have a future.

[Phil D. Rolls]

I see this post has been picked by those people on JKB who never look at Hibs.net, so for their benefit I'll add one thing.....

We have a future.

Just popped over. They are beyond help. They are more or less saying its OK to cheat if you have something to show for it; we should be ashamed because we built a compliant stadium that's used for big games; we should be ashamed for not winning one of the weakest cup competitions in the world (nice of them to put their own achievements into perspective); ashamed for still being alive.

I just wish they'd go bust and try to justify that they got it right and everybody else on the planet got it wrong.

[happiehibbie]

here goes,

I do not want Hearts to go bust, why because I look forward to the Derby Matches.

i also have a lot of friends who are decent folk

I am paying over the Odds for a season ticket as games are changed to other days and times I cannot make.

We will only get 2 Cat A games next year

How will we make up the shortfall the derbys bring in

I want Hearts to be put through the wringer and get excactly what the rules can throw at them but not to go bust

carefull what we wish for !

I have a rubber stamp if required :)

[MWHIBBIES]

Oh god, reading the thread about us on kickback is embarrassing to say the least, I think they are just making stuff up on the spot and passing it off as true. Apparently we are really going to be in trouble in a few years :faf:

[Thecat23]

here goes,

I do not want Hearts to go bust, why because I look forward to the Derby Matches.

i also have a lot of friends who are decent folk

I am paying over the Odds for a season ticket as games are changed to other days and times I cannot make.

We will only get 2 Cat A games next year

How will we make up the shortfall the derbys bring in

I want Hearts to be put through the wringer and get excactly what the rules can throw at them but not to go bust

carefull what we wish for !

I have a rubber stamp if required :)

I hope for everything you just said doesn't happen and they die a slow painful horrible death now.

More so because of their attitude. Couldn't care less anymore about the derby games get those horrible mutants out of football altogether.

[Phil D. Rolls]

here goes,

I do not want Hearts to go bust, why because I look forward to the Derby Matches.

i also have a lot of friends who are decent folk

I am paying over the Odds for a season ticket as games are changed to other days and times I cannot make.

We will only get 2 Cat A games next year

How will we make up the shortfall the derbys bring in

I want Hearts to be put through the wringer and get excactly what the rules can throw at them but not to go bust

carefull what we wish for !

I have a rubber stamp if required :)

I think we have to accept that, whatever people think of Hearts, we won't be seeing them for some time. It's a bummer for us, as they used to bring a lot of fans to our ground, if they thought they were going to win.

We just have to get used to not having that money anymore, and not spend cash we don't have. The tine has come to stop feeling sorry for the patient, and start hoping that their last journey goes peacefully.

There is nothing Hibs, and the rest of the senior clubs can do to help them now. Turn to ourselves, and do what we can to get by - within the law.

Maybe Tam Cowan could do the first Off the Ball of the season from ER, next year?

[truehibernian]

Just popped over. They are beyond help. They are more or less saying its OK to cheat if you have something to show for it; we should be ashamed because we built a compliant stadium that's used for big games; we should be ashamed for not winning one of the weakest cup competitions in the world (nice of them to put their own achievements into perspective); ashamed for still being alive.

I just wish they'd go bust and try to justify that they got it right and everybody else on the planet got it wrong.

Och away and just let them get their wee 'Jimmy Sandison' bubble perms in a frizz - it's their wee tension release pre- relegation to have a wee go at Hibs. However..........

Some of them will have a mortgage on their home - are they 'cheating the bank' by not owning their home ?

Some will have credit card debt - are they 'cheating the lender' by not paying off the balance in full every month ?

Most Hearts fans I saw at Tynecastle v Celtic are also cheating their waistlines and their dentists too :greengrin

Hibs have mortgage debt which is being repaid on time every year - and a cash in bank IIRC ?

As far as I know Hibernian Football Club have not left HMRC, rival Scottish clubs, local businesses and charities high and dry and have not had to barter with rival clubs to get in lower transfer fees than initially agreed, paid to them earlier than anticipated, just in order to survive - far from ashamed here ta :aok:

'...................If I knew they were bothered I'd have baked a cake, baked a cake, baked a cake.........':na na:

And we've won the weakest cup competition twice :cb 5-1, 1902, day they died and all that but eh :aok: :faf:

[Mikey09]

Just popped over. They are beyond help. They are more or less saying its OK to cheat if you have something to show for it; we should be ashamed because we built a compliant stadium that's used for big games; we should be ashamed for not winning one of the weakest cup competitions in the world (nice of them to put their own achievements into perspective); ashamed for still being alive.

I just wish they'd go bust and try to justify that they got it right and everybody else on the planet got it wrong.


The ****** scary thing is they WOULD tell the entire world they got it right and we were all wrong. :agree:

[SteveHFC]

Oh god, reading the thread about us on kickback is embarrassing to say the least, I think they are just making stuff up on the spot and passing it off as true. Apparently we are really going to be in trouble in a few years :faf:

:rotflmao::rotflmao:

[jacomo]

Nice piece of deflection, but our yam friends aren't going to be fooled. Okay Hibs.net has cut its debt over the years, but what about Hibs itself? That's what the post says, right? :confused:

:faf:

EXCLUSIVE BY BANDERSON:


Fears as fans' message board remains millions in debt
Fears were expressed last night as Hibs fans struggled to understand how a popular online message board could rack up millions of pounds in debt. One fan said "there's supposedly a high proportion of economists and financial experts who use the site, yet you're telling me it's £5m in the red. How can this be?"

[greenpaper55]

Apparently our debt is cheating because we built a new stand ...which is worthless as it's a football stand and who needs them ! If ours is worthless how much are they hoping to buy their asbestos ridden shack from the Liths ?.

[Phil D. Rolls]

The ****** scary thing is they WOULD tell the entire world they got it right and we were all wrong. :agree:

There's some hope


Posted By Monkey 51 using typewriter 1902


Posted Today, 14:52
Didn't they sell Brown,Thomson,Whittaker,O'Connor and Rearend for £13-15 million in total in that 05-13 period so sure,they reduced debt right down but reduced also the team to the standard of pish today whilst it looks like the debt is going back up and no really sellable assets left on the playing field. What has their shiny new end of bus route academy produced lately ?

I think we might have something to work with here.

[Phil D. Rolls]

:faf:

EXCLUSIVE BY BANDERSON:

I think we deserve answers. Anybody able to write an open letter. Get it in quick before we get to the tray baking stage.

Maybe Tam Cowan could ask about this on his next edition of Off the Ball. Providing he's not been suspended for making sexist remarks in his newspaper.

[CropleyWasGod]

There's some hope



I think we might have something to work with here.

Yup. We do.

The conclusion is that Craig Gordon is worth more than all of those players put together.

And they still pished it up against the wall of the Bosnian smelter.

[Geo_1875]

here goes,

I do not want Hearts to go bust, why because I look forward to the Derby Matches.

i also have a lot of friends who are decent folk

I am paying over the Odds for a season ticket as games are changed to other days and times I cannot make.

We will only get 2 Cat A games next year

How will we make up the shortfall the derbys bring in

I want Hearts to be put through the wringer and get excactly what the rules can throw at them but not to go bust

carefull what we wish for !

I have a rubber stamp if required :)

i also have a lot of friends who are decent folk, but none of them support hertz.

[Caversham Green]

Yup. We do.

The conclusion is that Craig Gordon is worth more than all of those players put together.

And they still pished it up against the wall of the Bosnian smelter.

Gordon, Hartley, Velicka, Bednar, Templeton, Wallace - and they still lost the thick end of £70m of other people's money, whilst winning one more trophy than Hibs. Given that both clubs won a final 5-1 against top flight opposition that extra trophy was won by failing to beat a third-tier club in the final.

And we have a future.

[GreenLake]

The yams are probably still hoping for a bail out at the last minute. Their manager will be hoping for a pail out - GARDE LOO!.

['Mon the Hibs]

Yup. We do.

The conclusion is that Craig Gordon is worth more than all of those players put together.

And they still pished it up against the wall of the Bosnian smelter.

THIS :cb

Also, the couple that went to Rangers and did they get money for Bednar and Velicka?

[hibees 7062]

30 or 40 thousand punters every week is a reasonable figure to attain. The punters that live in the west achieve it. Food for thought

Has to be a wind up :greengrin

[truehibernian]

30 or 40 thousand punters every week is a reasonable figure to attain. The punters that live in the west achieve it. Food for thought

Has to be a wind up :greengrin

Only if the food they're referring to is magic mushrooms !

[hibees 7062]

If Ann had waited one more day...She could have sent all our emails dated 19/02/14 (1+4 = 5), That would get it right up the Hobbos

Glad she never then

[Caversham Green]

If Ann had waited one more day...She could have sent all our emails dated 19/02/14 (1+4 = 5), That would get it right up the Hobbos

Glad she never then

Aye, it probably would have ended us as a club.

Again.

[Jack Hackett]

If Ann had waited one more day...She could have sent all our emails dated 19/02/14 (1+4 = 5), That would get it right up the Hobbos

Glad she never then

I'd like to apologize to any of the keechboakers looking in. I've just looked in my email 'deleted' folder, and found a load of emails dated 19/02/14.

I was totally unaware that this date would 'get it right up me', and failed to jump off a bridge or throw myself under a bus. Maybe if 'Ann' had sent me an email personally, pointing out the significance of this date I might have done the decent thing. However, she didn't...she sent one to you....and not even on the date you appear to be getting a wee stiffy for. So I guess that tells us something about you that maybe you shouldn't be shouting about.

Still, it's good that your forum allow the junior members to post their wee fantasies

Toodles :bye:

[GreenLake]

The playing surface at ER is shocking at the moment. We could rent the jambo's WAGS to graze and fertilize our pitch over the closed season with the heifer that flirted with Griffiths while celebrating his goal in charge of the herd.

[Zondervan]

Well that's 6 weeks since your "respected" (not by many on here :greengrin) pal was telling anyone who would listen that they would be out of Administration by now.

But in that time absolutely nothing has happened. I would specifically ask for Sergey's views on this but I would be wasting my time as he would just say what he's been saying all along............. it's going to be a long, long process.

Sure they've made a few noises about what they'll do when they get the shares with Anne Budge and FOH making all sorts of promises, but I've got plans for when I win the lottery but guess what........... that hasn't happened yet either :greengrin We've also had a visit to Lithuania by Jackson but that clearly didn't bear any fruit as BAnderson hasn't been told to spin a positive story about it.

So other than being 5 points adrift at the bottom of the table (oops sorry, I forgot about the 15 points penalty so that'll be 20 points) there's nothing new.

On the subject of 15 points, it's not going to take too many more delays before they find themselves kicking off next season on -15 points. If they survive the summer that is :wink:

Apologies for the delay. Here is the reply, copied verbatim!

___________

It is delayed but nothing other than Lithuanian Authorities being slow in doing things.

That BALLOONS OR WHATEVER HE IS called is a pure BS. Trust me. Him and Sergey are making out that there is trouble over in Lithuania when all it is that in the scheme of things Hearts are not a big priority to sort in the overall mess.

I was at a meeting 2 weeks ago where it was leaked by Bryan Jackson (not sure why it couldn’t be announced) that it will be April but not sure if start or the end of April. We have enough money to last until May without season tickets but FOH have £1.3m in the bank that they are willing to use.

Bryan Jackson was in Lithuania last week trying to speed things along.

[Mikey]

Apologies for the delay. Here is the reply, copied verbatim!

___________

It is delayed but nothing other than Lithuanian Authorities being slow in doing things.

That BALLOONS OR WHATEVER HE IS called is a pure BS. Trust me. Him and Sergey are making out that there is trouble over in Lithuania when all it is that in the scheme of things Hearts are not a big priority to sort in the overall mess.

I was at a meeting 2 weeks ago where it was leaked by Bryan Jackson (not sure why it couldn’t be announced) that it will be April but not sure if start or the end of April. We have enough money to last until May without season tickets but FOH have £1.3m in the bank that they are willing to use.

Bryan Jackson was in Lithuania last week trying to speed things along.

The Lithuanians are slow in doing things? Aye, it's always someone else's fault :greengrin

What happens if they're so slow that the money dries up, the FOH money dries up, the season ticket money dries up and they start next season on minus 15?

As for his latest timescales, I've put this in the diary for April 30th :wink:

Cheers for that :aok:

[PatHead]

Apologies for the delay. Here is the reply, copied verbatim!

___________

It is delayed but nothing other than Lithuanian Authorities being slow in doing things.

That BALLOONS OR WHATEVER HE IS called is a pure BS. Trust me. Him and Sergey are making out that there is trouble over in Lithuania when all it is that in the scheme of things Hearts are not a big priority to sort in the overall mess.

I was at a meeting 2 weeks ago where it was leaked by Bryan Jackson (not sure why it couldn’t be announced) that it will be April but not sure if start or the end of April. We have enough money to last until May without season tickets but FOH have £1.3m in the bank that they are willing to use.

Bryan Jackson was in Lithuania last week trying to speed things along.

Well that is us put in our place then. Delays at the Lith end. No-one predicted that.

[Mikey]

While we're waiting for 30th April we can pass the time by reading about Portsmouth's woes again. The bit about "A court date was set and pushed back several times......" may be of particular interest to yer man :wink:

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

[21.05.2016]

If Ann had waited one more day...She could have sent all our emails dated 19/02/14 (1+4 = 5), That would get it right up the Hobbos

Glad she never then

aww aye i'd be away slitting my wrists like :rolleyes:

[Geo_1875]

The Lithuanians are slow in doing things? Aye, it's always someone else's fault :greengrin

What happens if they're so slow that the money dries up, the FOH money dries up, the season ticket money dries up and they start next season on minus 15?

As for his latest timescales, I've put this in the diary for April 30th :wink:

Cheers for that :aok:

More likely April 31st.

[Jack Hackett]

Apologies for the delay. Here is the reply, copied verbatim!

___________

It is delayed but nothing other than Lithuanian Authorities being slow in doing things.

That BALLOONS OR WHATEVER HE IS called is a pure BS. Trust me. Him and Sergey are making out that there is trouble over in Lithuania when all it is that in the scheme of things Hearts are not a big priority to sort in the overall mess.

I was at a meeting 2 weeks ago where it was leaked by Bryan Jackson (not sure why it couldn’t be announced) that it will be April but not sure if start or the end of April. We have enough money to last until May without season tickets but FOH have £1.3m in the bank that they are willing to use.

Bryan Jackson was in Lithuania last week trying to speed things along.

When it comes to BS, there's nothing quite like the yams. BJ 'leaked' that it would be some time in April. It sort of slipped out in an aside? He either said it was some time in April or he didn't. What's this 'leaked' crap...like it's some sort of nose tapping winking ritual. The day it will happen has been moved, but nothing has been said officially. He's been to Lithuania to 'speed things up', but nothing has been said officially. Pretty much sounds to me...unofficially...that the wheels have come off the pram and BJ is keeping his head down. Unwilling to admit that Bajillions and Sergey are bang on the money. Damn right the lithuanian authorities are being slow in doing things...and will continue being such...just as predicted here.

[Zondervan]

More likely April 31st.

More like April 1st!

[Kato]

There's no smoke without fire so if BJ has leaked that it will be April, it'll be April. Just like when he leaked it'll be February.

Or maybe it'll be sometime in Majunjulaugseptoctober.

[CyberSauzee]

Apologies for the delay. Here is the reply, copied verbatim!

___________

It is delayed but nothing other than Lithuanian Authorities being slow in doing things.

That BALLOONS OR WHATEVER HE IS called is a pure BS. Trust me. Him and Sergey are making out that there is trouble over in Lithuania when all it is that in the scheme of things Hearts are not a big priority to sort in the overall mess.

I was at a meeting 2 weeks ago where it was leaked by Bryan Jackson (not sure why it couldn’t be announced) that it will be April but not sure if start or the end of April. We have enough money to last until May without season tickets but FOH have £1.3m in the bank that they are willing to use.

Bryan Jackson was in Lithuania last week trying to speed things along.


The Lithuanians are slow in doing things? Aye, it's always someone else's fault :greengrin

What happens if they're so slow that the money dries up, the FOH money dries up, the season ticket money dries up and they start next season on minus 15?

As for his latest timescales, I've put this in the diary for April 30th :wink:

Cheers for that :aok:

What exactly is happening on the 30th April?

If the Yam fud thinks they will be out of admin by then, remember and point out that the UBIG creditors need 30 days notice before they can have a meeting. The reality is that for the charity thieves to be out of admin by the last day of April, we'll need to have notice of a creditors' meeting within the next 3 weeks.

Let's see where we are come the 24th March. No different than now I will predict.

[brog]

Apologies for the delay. Here is the reply, copied verbatim!

___________

It is delayed but nothing other than Lithuanian Authorities being slow in doing things.

That BALLOONS OR WHATEVER HE IS called is a pure BS. Trust me. Him and Sergey are making out that there is trouble over in Lithuania when all it is that in the scheme of things Hearts are not a big priority to sort in the overall mess.

I was at a meeting 2 weeks ago where it was leaked by Bryan Jackson (not sure why it couldn’t be announced) that it will be April but not sure if start or the end of April. We have enough money to last until May without season tickets but FOH have £1.3m in the bank that they are willing to use.

Bryan Jackson was in Lithuania last week trying to speed things along.

This is amusing. For months now Sergey has been telling us that one of the reasons things will be delayed is because Yams are fairly insignificant in the overall scheme of things. Now your friend basically calls Sergey a roaster because, in the scheme of things Hearts are not a big priority. In other words your friend agrees with Sergey. It's also a tad contradictory that 2 weeks ago BJ said deal would be in April but meanwhile he's toddled off to Lithland to speed things up! I think I'll stick with Bajillions & Sergey for now!

[Gus Fring]

I'm glad the people on here are clever enough to figure out there's a difference between me discussing the situation with my fellow Hibbys and the posts where I share the info my source gives me are separate.

[greenginger]

While we're waiting for 30th April we can pass the time by reading about Portsmouth's woes again. The bit about "A court date was set and pushed back several times......" may be of particular interest to yer man :wink:

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


I hope the Ukio Bankas Lith. Admin. has seen this ......

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

BDO fees for Portsmouth Admin. £ 2.2 million. There won't be a Litas in the Yam kitty at the end of this whole administration sham and the fees will be deducted from the sale proceeds.

The Lithuanian creditors will be lucky if the if they get the cost of a return flight to Kaunus .

[Ozyhibby]

I hope the Ukio Bankas Lith. Admin. has seen this ......

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

BDO fees for Portsmouth Admin. £ 2.2 million. There won't be a Litas in the Yam kitty at the end of this whole administration sham and the fees will be deducted from the sale proceeds.

The Lithuanian creditors will be lucky if the if they get the cost of a return flight to Kaunus .

All fees from the date of their provisional CVA come out of Hearts current revenues.

[Jack Hackett]

While we're waiting for 30th April we can pass the time by reading about Portsmouth's woes again. The bit about "A court date was set and pushed back several times......" may be of particular interest to yer man :wink:

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

One of the things going right over their heads, is that none of these 'meetings' we're all patiently waiting for are actually anything to do with the courts. They are creditor meetings where the transfer of the shares will be 'rubber stamped'. Only then, will the courts become involved, and BDO will try to convince the very slow moving Judicial Authorities that the shares are not integral to the ongoing criminal investigation...pretty much as they did with Portsmouth and the shares which are STILL frozen

[brog]

All fees from the date of their provisional CVA come out of Hearts current revenues.

I don't think that's quite correct. Firstly, there has to be an excess of income over expenditure for that to happen & secondly the contribution from Yams will be limited to whatever is the value of that excess. If there is no excess then all fees will be paid by UBIG. I'm sure BDO are doing their best to minimise costs/maximise income, apart from the fortune they're paying Billy Broon of course!

[Gus Fring]

I don't think that's quite correct. Firstly, there has to be an excess of income over expenditure for that to happen & secondly the contribution from Yams will be limited to whatever is the value of that excess. If there is no excess then all fees will be paid by UBIG. I'm sure BDO are doing their best to minimise costs/maximise income, apart from the fortune they're paying Billy Broon of course!

It is correct. The fees were frozen at the point of the CVA. The consensus at the time was that this was one of UKIO's terms otherwise it's costing the lith tax payer even more money every month. If I remember right this has been confirmed in a couple of official documents.

[Phil D. Rolls]

When it comes to BS, there's nothing quite like the yams. BJ 'leaked' that it would be some time in April. It sort of slipped out in an aside? He either said it was some time in April or he didn't. What's this 'leaked' crap...like it's some sort of nose tapping winking ritual. The day it will happen has been moved, but nothing has been said officially. He's been to Lithuania to 'speed things up', but nothing has been said officially. Pretty much sounds to me...unofficially...that the wheels have come off the pram and BJ is keeping his head down. Unwilling to admit that Bajillions and Sergey are bang on the money. Damn right the lithuanian authorities are being slow in doing things...and will continue being such...just as predicted here.

People in the know ken whits gain oan.

[brog]

It is correct. The fees were frozen at the point of the CVA. The consensus at the time was that this was one of UKIO's terms otherwise it's costing the lith tax payer even more money every month. If I remember right this has been confirmed in a couple of official documents.

I largely agree, my point is Yams have to make a profit, or more correctly to have an excess of income over expenditure in that period for them to be able to make a contribution. As I said I'm sure BDO will be busting a gut to make that happen but it's not guaranteed they'll make a profit nor how large it will be. The one thing that is certain is that BDO will get their Wonga!

[Phil D. Rolls]

Apologies for the delay. Here is the reply, copied verbatim!

___________

It is delayed but nothing other than Lithuanian Authorities being slow in doing things.

That BALLOONS OR WHATEVER HE IS called is a pure BS. Trust me. Him and Sergey are making out that there is trouble over in Lithuania when all it is that in the scheme of things Hearts are not a big priority to sort in the overall mess.

I was at a meeting 2 weeks ago where it was leaked by Bryan Jackson (not sure why it couldn’t be announced) that it will be April but not sure if start or the end of April. We have enough money to last until May without season tickets but FOH have £1.3m in the bank that they are willing to use.

Bryan Jackson was in Lithuania last week trying to speed things along.

It couldn't be announced because he'd be accountable for it. Why would he not want to accountable? Could be because he's got a fair idea it's not true. Wee nod and a wink from a man in a shirt and tie, and Johnny Yam doffs his forelock.

It's how big insolvency firms and their clients do things.

[Ronniekirk]

One of the things going right over their heads, is that none of these 'meetings' we're all patiently waiting for are actually anything to do with the courts. They are creditor meetings where the transfer of the shares will be 'rubber stamped'. Only then, will the courts become involved, and BDO will try to convince the very slow moving Judicial Authorities that the shares are not integral to the ongoing criminal investigation...pretty much as they did with Portsmouth and the shares which are STILL frozen
Am sure they will have memorandums of understandings with all those covered .In fact that's why BJ is still across there getting them all rubber stamped :wink:

[ancient hibee]

When it comes to BS, there's nothing quite like the yams. BJ 'leaked' that it would be some time in April. It sort of slipped out in an aside? He either said it was some time in April or he didn't. What's this 'leaked' crap...like it's some sort of nose tapping winking ritual. The day it will happen has been moved, but nothing has been said officially. He's been to Lithuania to 'speed things up', but nothing has been said officially. Pretty much sounds to me...unofficially...that the wheels have come off the pram and BJ is keeping his head down. Unwilling to admit that Bajillions and Sergey are bang on the money. Damn right the lithuanian authorities are being slow in doing things...and will continue being such...just as predicted here.

Nose tapping and winking are not enough-the left trouser leg also has to be rolled up.

Jackson goes to Lithuania and WW3 breaks out in the Ukraine-it's not coincidence you know-send for McCrae.

[Dashing Bob S]

Nose tapping and winking are not enough-the left trouser leg also has to be rolled up.

Jackson goes to Lithuania and WW3 breaks out in the Ukraine-it's not coincidence you know-send for McCrae.

So aside from the small matter of once again having to save the human race in a WW, it looks as if they've got away with it again...

[Jack Hackett]

Am sure they will have memorandums of understandings with all those covered .In fact that's why BJ is still across there getting them all rubber stamped :wink:

Yes indeed...but we all now know that 'memorandum of understanding' is just a piss take anagram of

'dream on mad uninformed g u n t s'.

Can't be ersed trawling back to see who deciphered that one....but props anyway :not worth

[greenginger]

I largely agree, my point is Yams have to make a profit, or more correctly to have an excess of income over expenditure in that period for them to be able to make a contribution. As I said I'm sure BDO will be busting a gut to make that happen but it's not guaranteed they'll make a profit nor how large it will be. The one thing that is certain is that BDO will get their Wonga!


It is anything but clear how BDO are to be paid and there has been no split between administration ( before the CVA vote on 29th Nov. ) and Supervision after the vote.

The BDO up-date of 30th January Appendix C gives a total of £ 574,822.56 as the amount charged between their appointment and 18th December. This covers both administration time and supervision time and I presume the same tab is still running.

Paragraph 2 of the BDO document states ,

" The costs of the joint administrators will be settled partially from any outstanding trading receipts at the time of their discharge from office and partially from the sale proceeds ...

and those of the Joint Supervisors from funds made available by the joint administrator. "

I kind of get the idea that since the CVA vote there will still be a charge for administration which is all the ongoing legal work and a very much smaller charge for supervision which is to be paid/or not paid only from the trading surplus.

Footnote. I see in the BDO appendix C it notes the summary of time charged from .....

" 19/6/2013 to 18/12/2014 " Jackson is not infallible ! :greengrin

[Juice-Terry]

Am I correct in thinking that, in addition to UBIG creditors needing 30 days notice before they can have a meeting, there is also a 30 day 'cooling off' period before the shares can be transfered (if indeed the creditors agree to that)?

[Jack Hackett]

It is anything but clear how BDO are to be paid and there has been no split between administration ( before the CVA vote on 29th Nov. ) and Supervision after the vote.

The BDO up-date of 30th January Appendix C gives a total of £ 574,822.56 as the amount charged between their appointment and 18th December. This covers both administration time and supervision time and I presume the same tab is still running.

Paragraph 2 of the BDO document states ,

" The costs of the joint administrators will be settled partially from any outstanding trading receipts at the time of their discharge from office and partially from the sale proceeds ...

and those of the Joint Supervisors from funds made available by the joint administrator. "

I kind of get the idea that since the CVA vote there will still be a charge for administration which is all the ongoing legal work and a very much smaller charge for supervision which is to be paid/or not paid only from the trading surplus.

Footnote. I see in the BDO appendix C it notes the summary of time charged from .....

" 19/6/2013 to 18/12/2014 " Jackson is not infallible ! :greengrin

Definitely not.....but he might be prescient :wink:

[Dashing Bob S]

Hearts fans must surely be starting to realise that you can say the same nonsense at the end of March that you said at the end of January and February, but when you start saying it at the end of April, and May etc it starts to become more problematic for the club.

[greenginger]

Yeah but the fans group, Save Hearts in Trouble ( S.H.I.T. ) have mobilised.


http://www.theedinburghreporter.co.uk/2014/02/this-is-edinburgh-new-marketing-campaign-launched/


Pity the stupid twats don't know what order to stand in. :greengrin

[Kato]

Hearts fans must surely be starting to realise that you can say the same nonsense at the end of March that you said at the end of January and February, but when you start saying it at the end of April, and May etc it starts to become more problematic for the club.

They are the world's biggest gum bumpers. Always have been.

[Dunderhall]

It is anything but clear how BDO are to be paid and there has been no split between administration ( before the CVA vote on 29th Nov. ) and Supervision after the vote.

The BDO up-date of 30th January Appendix C gives a total of £ 574,822.56 as the amount charged between their appointment and 18th December. This covers both administration time and supervision time and I presume the same tab is still running.

Paragraph 2 of the BDO document states ,

" The costs of the joint administrators will be settled partially from any outstanding trading receipts at the time of their discharge from office and partially from the sale proceeds ...

and those of the Joint Supervisors from funds made available by the joint administrator. "

I kind of get the idea that since the CVA vote there will still be a charge for administration which is all the ongoing legal work and a very much smaller charge for supervision which is to be paid/or not paid only from the trading surplus.

Footnote. I see in the BDO appendix C it notes the summary of time charged from .....

" 19/6/2013 (tel:19/6/2013) to 18/12/2014 " Jackson is not infallible ! :greengrin

In the same section of the document I think, it mentions that the revenue from this years season ticket sales was ring fenced against any administration charges as a trading surplus.
I guess that was an optimistic view from BDO wrt to them exiting administration.

No such protection is in place for 2014-15 season ticket money that I could see, I had assumed this is playing a part in BDO's reluctance to release them for sale.
The chances of them having any decent trading surplus to pay towards the admin costs is nil, with the exception of when they start selling season tickets.
If my thoughts are correct then they have quite a decision as to when they release season tickets against the timing of coming out of administration.

Even if it's bollocks, it sounds good to me. :greengrin

[Kato]

Yeah but the fans group, Save Hearts in Trouble ( S.H.I.T. ) have mobilised.





I thought it was FUD, "Flumps Under Debt-mountain"?

[Hibercelona]

Hearts fans must surely be starting to realise that you can say the same nonsense at the end of March that you said at the end of January and February, but when you start saying it at the end of April, and May etc it starts to become more problematic for the club.

Do any of them even know what month it is? Or what world they even live on?

You know the saying "they won't know what hits them".

Well they lot really won't know and will still continue to spew out the same garbage, even after they're hit.

[Kato]

Yes indeed...but we all now know that 'memorandum of understanding' is just a piss take anagram of

'dream on mad uninformed g u n t s'.

Can't be ersed trawling back to see who deciphered that one....but props anyway :not worth

Don't want to appear pompous but it was, moi!

[Gus Fring]

In the same section of the document I think, it mentions that the revenue from this years season ticket sales was ring fenced against any administration charges as a trading surplus.
I guess that was an optimistic view from BDO wrt to them exiting administration.

No such protection is in place for 2014-15 season ticket money that I could see, I had assumed this is playing a part in BDO's reluctance to release them for sale.
The chances of them having any decent trading surplus to pay towards the admin costs is nil, with the exception of when they start selling season tickets.
If my thoughts are correct then they have quite a decision as to when they release season tickets against the timing of coming out of administration.

Even if it's bollocks, it sounds good to me. :greengrin

Season Ticket sales are being left to Budge. BDO have told FOH and Budge they won't put them on sale without permission or until it's clear what division they will be playing in (I know, I know). The Season Ticket sales are integral to the business plan for next season. Selling them now just to have a company next season is asking for trouble.

[Kato]

Or what world they even live on?


Planet Teabag most of them.

[Jack Hackett]

Don't want to appear pompous but it was, moi!

I prefer disseminator of truth....but the moi does soil your robes a wee bit :greengrin

[Sergey]

Hearts fans must surely be starting to realise that you can say the same nonsense at the end of March that you said at the end of January and February, but when you start saying it at the end of April, and May etc it starts to become more problematic for the club.

Robert - you sound as if you know as much as I do.

The days are being scratched off as fast as the months at the moment.

Them's the vagaries.

[Kato]

.but the moi does soil your robes a wee bit :greengrin

Ooops, didn't think it'd show!

[jonty]

If Ann had waited one more day...She could have sent all our emails dated 19/02/14 (1+4 = 5), That would get it right up the Hobbos

Glad she never then

Clearly she's too clever for them and knows that if you reversed the individual figures,91/20/41 and took the last from the first and added the middle, you'd get 70.
reverse it back and the smart folk ken whits goin on.

[Ronniekirk]

You'll forgive me if I thought you were talking about seeking solace on this thread from our footballing woes as you wrote, "When we get beat and everyone is moaning how bad we are".

Maybe paying attention to what you yourself write will keep you on topic as I'm not around to put you right all the time and lack the required mind-reading abilities when you write about one thing but actually mean another.

I forgive you, Mind reading is indeed a difficult skill to learn ,but am sure you will get the hang of it .In the meantime I will try and pay attention to what I write but can't promise I won't go off thread .If you are not around to put me right I am sure someone else will ,so I wouldn't worry too Mutch about it :rolleyes:

[Jack]

One of the things going right over their heads, is that none of these 'meetings' we're all patiently waiting for are actually anything to do with the courts. They are creditor meetings where the transfer of the shares will be 'rubber stamped'. Only then, will the courts become involved, and BDO will try to convince the very slow moving Judicial Authorities that the shares are not integral to the ongoing criminal investigation...pretty much as they did with Portsmouth and the shares which are STILL frozen

Awe naw, 2 rubber stamps!!!?

[Dashing Bob S]

Robert - you sound as if you know as much as I do.

The days are being scratched off as fast as the months at the moment.

Them's the vagaries.

I think everyone seems to know more than the rather dim backwoodsmen inhabiting Kickback these days.

Willful stupidity abounds, with all sorts of strange coping mechanisms to the fore.

The latest strategy seems to be to copy us by issuing long-term warnings about our debt and the supposed unsustainable nature of our business model. They seem to feel that if they speculate endlessly about this it'll bear fruit. But they may just find that such grim predictions have a little more viability when a club is ran by a criminal madman within a shady eastern European conglomerate, which has gone bankrupt through wracking up millions of debts and bumping the taxpayers, registered charities and local businesses in several countries whilst engaging in immoral and illegal activities, rather than one ran by a rather dour Aberdonian bean counter.

Looking forward to the end of of April on Kickback. It'll be just like the end of May, but with added soiled underwear. I only hope we're spared adminstration to be able to fully enjoy it.

[brog]

It is anything but clear how BDO are to be paid and there has been no split between administration ( before the CVA vote on 29th Nov. ) and Supervision after the vote.

The BDO up-date of 30th January Appendix C gives a total of £ 574,822.56 as the amount charged between their appointment and 18th December. This covers both administration time and supervision time and I presume the same tab is still running.

Paragraph 2 of the BDO document states ,

" The costs of the joint administrators will be settled partially from any outstanding trading receipts at the time of their discharge from office and partially from the sale proceeds ...

and those of the Joint Supervisors from funds made available by the joint administrator. "

I kind of get the idea that since the CVA vote there will still be a charge for administration which is all the ongoing legal work and a very much smaller charge for supervision which is to be paid/or not paid only from the trading surplus.

Footnote. I see in the BDO appendix C it notes the summary of time charged from .....

" 19/6/2013 to 18/12/2014 " Jackson is not infallible ! :greengrin

Thanks for that GG, I've still not been able to access the BDO document but in looking for it last night I ended up on a JKB thread, apologies to all!! They seem to have a couple of posters who are less stupid ( I almost said more knowledgeable ) than the average & they are likewise confused about just how BDO will be paid. They continue to assert however that there is a fixed price for BDO fees. If I can find the thread again they actually quoted a document reference. I can't see this being the case, don't think BDO are that dumb but would appreciate your ( & others ) thoughts.

[brog]

Thanks for that GG, I've still not been able to access the BDO document but in looking for it last night I ended up on a JKB thread, apologies to all!! They seem to have a couple of posters who are less stupid ( I almost said more knowledgeable ) than the average & they are likewise confused about just how BDO will be paid. They continue to assert however that there is a fixed price for BDO fees. If I can find the thread again they actually quoted a document reference. I can't see this being the case, don't think BDO are that dumb but would appreciate your ( & others ) thoughts.


Found it, this ( a comment by a Yam called Football First ) refers to the BDO statement to creditors of 31 Jan. I can't open the scribd document but he refers to a fixed fee being in Section 10 below. Thoughts anyone?

I'm not so sure about that. My reading of it is that Section 2 refers to BDO's costs and expenses, e.g.external legal, court and professional costs as well as their own travel and accommodation expenses incurred in the course of the admin, while Section 10 specifically deals with the Administrators fees, where it states that a fixed fee has been agreed.

[jacomo]

Season Ticket sales are being left to Budge. BDO have told FOH and Budge they won't put them on sale without permission or until it's clear what division they will be playing in (I know, I know). The Season Ticket sales are integral to the business plan for next season. Selling them now just to have a company next season is asking for trouble.

Have said it before, Jackson has brought sanity and reason to that club (although well paid for his troubles). He's far too good for them.

[Geo_1875]

I'm not so sure about that. My reading of it is that Section 2 refers to BDO's costs and expenses, e.g.external legal, court and professional costs as well as their own travel and accommodation expenses incurred in the course of the admin, while Section 10 specifically deals with the Administrators fees, where it states that a fixed fee has been agreed.



It's quite easy to agree a reasonable fixed fee for professional services when you can pad the costs and expenses. It's how Estate Agents can offer to sell your house for £90.

[CyberSauzee]

Reports in the Express about the delay in getting the shares from UBIG. Can't find an online link, summary here. And a picture of Budgie resplendent in purple. Or is that bright bloodied turd?

http://www.edinburghnews.scotsman.com/sport/football/hearts/hearts-hibs-round-up-ubig-terry-butcher-1-3327516



Hearts delay

Hearts face a fresh delay in gaining control of the shares held by UBIG, as administrators in Lithuania have yet to call a creditors’ meeting.

It had been hoped that Hearts would get the 50% stake at the end of this month, but it now appears that Ann Budge will have to wait until April to take control. (Daily Express)

[Sergey]

Reports in the Express about the delay in getting the shares from UBIG.

And as predicted....the first mention of May is now muted on KB.


A Trumpet wrote:

But nothing has changed. 30 days must elapse after any meeting of creditors which pushes us into april at best and if we get to the end of march without a meeting our best exit date will be into May.

Interesting to see where the cash will be coming from to simply get them to that point.

It won't be too long before they start citing the 'out of administration by Christmas' line again.

[Juice-Terry]

Suppose it's agreed at the creditors' meeting (whenever that'll be held) that the shares will be transferred to BIDCO. Isn't there also a mandatory 30 day 'cooling off' period between that agreement and the actual transfer? (Sorry I'm asking again.)

[Mikey09]

And as predicted....the first mention of May is now muted on KB.



Interesting to see where the cash will be coming from to simply get them to that point.

It won't be too long before they start citing the 'out of administration by Christmas' line again.


To be fair Sergey they didn't specify which christmas..... :wink:

[Aldo]

It's quite funny really how the roasters on Brokeback think that we are 'at it' and making it all up with our 'Hobonomics'.

I am more than certain the BJ, BDO and FOFW's (foundation of f witt's) will take a full page (front one at that) in the EEN and tell all those interested the exact date, time and location when the meeting does happen.

BJ has said nowt on his return from Lithland (unless I've missed something) which is a clear indication to me that all is not well.

The clock is still ticking. As everyday/week passes the less chance they have of being out of admin before the start of next season.

Which is pleasing.

And for all you roasters looking in it's not 'Hobonomics' it's FACT.

So get it roond ye.

[CropleyWasGod]

And as predicted....the first mention of May is now muted on KB.



Interesting to see where the cash will be coming from to simply get them to that point.

It won't be too long before they start citing the 'out of administration by Christmas' line again.

I wouldn't be surprised if there is enough cash to get them through to May.

BJ is an accountant, and by nature he will downplay expectations. Although he has spoken about February and March, it is likely that he was being publicly pessimistic.

[Springbank]

It's about time we started posting a hyperlink to this thread in the comments section of banderson reports

Or maybe just on the archived stories where it was all "hearts saved" etc etc somewhat prematurely

[Juice-Terry]

Point of interest... the shares aren't being transferred to BIDCO initially. It's FOH that are getting them first, and they will transfer them to BIDCO.

Yes, true. But a potential cooling off period of 30 days after the relevant ratification will obviously put FOH/BIDCO back even further. Here's hoping! :thumbsup:

[Dashing Bob S]

Have said it before, Jackson has brought sanity and reason to that club (although well paid for his troubles). He's far too good for them.

It's all relative. Michael Jackson could have brought sanity and reason to that mob.

And the kids would have been safer.

[PatHead]

It will be interesting to see how many fans turn up at their games after they are officially relegated. (I know it will be 13,000 ish no matter how many are there but how many will have paid to get in?).

They have no obvious source of income to see them through the close season unless they get season tickets issued sharpish and that scunners the cash flow and business plan for next year. Though Ms Budge may bail them out in the short term.

CGW at what stage would BDO say enough is enough, basically when would they decide they were trading outwith income?


I wouldn't be surprised if there is enough cash to get them through to May.

BJ is an accountant, and by nature he will downplay expectations. Although he has spoken about February and March, it is likely that he was being publicly pessimistic.

[Kato]

Michael Jackson could have brought sanity and reason to that mob.

Did he and Bryan not have a falling out? Something about blaming it on the boogie?

[CropleyWasGod]

It will be interesting to see how many fans turn up at their games after they are officially relegated. (I know it will be 13,000 ish no matter how many are there but how many will have paid to get in?).

They have no obvious source of income to see them through the close season unless they get season tickets issued sharpish and that scunners the cash flow and business plan for next year. Though Ms Budge may bail them out in the short term.

CGW at what stage would BDO say enough is enough, basically when would they decide they were trading outwith income?

Basically, when there's no cash left, or it's clear that the shares won't be obtained before the cash runs out.

[CyberSauzee]

And as predicted....the first mention of May is now muted on KB.



Interesting to see where the cash will be coming from to simply get them to that point.

It won't be too long before they start citing the 'out of administration by Christmas' line again.

Interestingly, the only thing I could find online when looking at the Express's site was this article which I recall someone posted a link to back at the beginning of February.

http://www.express.co.uk/sport/football/457824/Jambos-get-shares-boost

It's dated 4th Feb, and they quote Jackson: "The administrators for UBIG expect the shares to be transferred within eight to 10 weeks."

So, 10 weeks from then takes us to 15th April, but we all now know the creditors need some notice, so their new optimistic time scales may be right: "Out of admin by the time the season finishes" will be the next rallying cry.

I would add that you cannot rely on the veracity of the Express, as the article starts off "BDO confirmed that an agreement was in place to buy 78.9 per cent of the club from UBIG’s liquidators".

[PatHead]

Would the early sale of season tickets not mean that FoH business plan was flawed and therefore invalid?

[Waxy]

Did he and Bryan not have a falling out? Something about blaming it on the boogie?
Dunno but they need a cashflow and can't sell STs till they know which division they'll be in. It's now that they wanna be startin somethin.

[sidjames]

There was a female called Budge that I once worked with. Stubborn wifie. Think her first name was WInnie.

[Mikey]

Would the early sale of season tickets not mean that FoH business plan was flawed and therefore invalid?

I think they would tap into a couple of sources before going down that route. Gretna were given an advance of their (last place) prize money when they went tits up and if Jackson could show the SPFL that they were genuinely stoney broke than that will happen. Then there's the Diddie's money that can also be used.

They'll see out the season, it's what happens in the summer that will be fun. Not that it's not fun now, I'm mean really fun :greengrin

[Mikey]

Did he and Bryan not have a falling out? Something about blaming it on the boogie?


Dunno but they need a cashflow and can't sell STs till they know which division they'll be in. It's now that they wanna be startin somethin.

Ahem :wink:

[jacomo]

I wouldn't be surprised if there is enough cash to get them through to May.

BJ is an accountant, and by nature he will downplay expectations. Although he has spoken about February and March, it is likely that he was being publicly pessimistic.

They need enough cash to get them through until season ticket sales for 2014/15 go on sale, don't they?

[greenginger]

Thanks for that GG, I've still not been able to access the BDO document but in looking for it last night I ended up on a JKB thread, apologies to all!! They seem to have a couple of posters who are less stupid ( I almost said more knowledgeable ) than the average & they are likewise confused about just how BDO will be paid. They continue to assert however that there is a fixed price for BDO fees. If I can find the thread again they actually quoted a document reference. I can't see this being the case, don't think BDO are that dumb but would appreciate your ( & others ) thoughts.

ftp://wck2.companieshouse.gov.uk/image/5e/8d/5a/54/6c/d0/ce/1d/77/11/cb/6d/40/06/bb/a0/blREX+GJ0063-198385_9-10173586.pdf

That should be the BDO January update.

[Disc O'Dave]

Dunno but they need a cashflow and can't sell STs till they know which division they'll be in. It's now that they wanna be startin somethin.

Apparently, BJ is about to begin legal proceedings, one by one, against any newspaper editor who publishes negative press about their situation......

He's starting with the man in the Mirror.

[Aldo]

I think they would tap into a couple of sources before going down that route. Gretna were given an advance of their (last place) prize money when they went tits up and if Jackson could show the SPFL that they were genuinely stoney broke than that will happen. Then there's the Diddie's money that can also be used. They'll see out the season, it's what happens in the summer that will be fun. Not that it's not fun now, I'm mean really fun :greengrin

I thought the prize money was going to be withheld Mikey to pay the football debt which I believe currently stands at around £535,000.

Sure you get just over 700,000 for finishing bottom so it doesn't leave much... But probably just enough to get them through to seasons end,

[greenginger]

And that should be the CVA report from 29th November.


ftp://wck2.companieshouse.gov.uk/image/5e/8d/5a/54/6c/d0/ce/1d/77/11/cb/6d/40/06/bb/a0/blREX+0L0063-212836_9-10173586.pdf


I will post them both on the Community Page so we can find them again.

[Ozyhibby]

Although the Ukio meeting on the 18th March is not the main one they are waiting for, it still seems to be a threat to the yams.
If the meeting concludes without the CVA being ratified or even discussed it could be all over at that point.
Don't know if BDO have assurances that it will be dealt with at this meeting but they have been very quiet of late.

[Ozyhibby]

Apparently, BJ is about to begin legal proceedings, one by one, against any newspaper editor who publishes negative press about their situation......

He's starting with the man in the Mirror.

Brutal.

[CropleyWasGod]

Apparently, BJ is about to begin legal proceedings, one by one, against any newspaper editor who publishes negative press about their situation......

He's starting with the man in the Mirror.

This is a serious thread. There's no room for puns.

Just beat it, eh?

[Waxy]

Apparently, BJ is about to begin legal proceedings, one by one, against any newspaper editor who publishes negative press about their situation......

He's starting with the man in the Mirror.When they went into admin they had to sack Di the cleaning lady.Last week Di bumped into a member of staff and asked how the place was looking.The staff member say "since youve been away the place is looking Dirty Diana"

[CropleyWasGod]

Although the Ukio meeting on the 18th March is not the main one they are waiting for, it still seems to be a threat to the yams.
If the meeting concludes without the CVA being ratified or even discussed it could be all over at that point.
Don't know if BDO have assurances that it will be dealt with at this meeting but they have been very quiet of late.

It's not even on the agenda, as far as I can see. The meeting is mainly to elect a creditors committee.

[#FromTheCapital]

This is a serious thread. There's no room for puns.

Just beat it, eh?

Earth song

[TRC]

This is a serious thread. There's no room for puns.

Just beat it, eh?

Oh your bad

[Aldo]

Think this thread has turned into a right Thriller

[CropleyWasGod]

They need enough cash to get them through until season ticket sales for 2014/15 go on sale, don't they?

They do, although if they're still in admin by then, it might affect Budge's attitude.

[greenginger]

It's not even on the agenda, as far as I can see. The meeting is mainly to elect a creditors committee.


Here's the draft agenda for the meeting.

http://translate.googleusercontent.com/translate_c?depth=1&hl=en&prev=/search%3Fq%3Dukio%2Bbankas%26client%3Dfirefox-a%26hs%3DDAB%26rls%3Dorg.mozilla:en-US:official%26channel%3Dsb&rurl=translate.google.com&sl=lt&u=http://www.ub.lt/images/doc/Balsavimo_rastu_biuletenis_pirmajam_Ukio_banko_kre ditoriu_susirinkimui.pdf&usg=ALkJrhg-WrXq-vt7b9L1diqoNevz6Qrxlg


No mention of Yams, their shares or any business. Maybe Barry or I am an MP.should get them told. :greengrin

[Kato]

Ahem :wink:

Leave me alone.

[davidw]

Did he and Bryan not have a falling out? Something about blaming it on the boogie?

I heard that they fell out over Bryan's disgusting nose-picking habit. They blamed it on the bogie.

[GreenLake]

They must be tired of getting repeatedly punked by those who gave them hope.

Maroon morons
Pink punks
Twirling twats
Gorgie gimps

[Mikey09]

This is a serious thread. There's no room for puns.

Just beat it, eh?


Exactly.... This is serious... You are not alone CWG..

[Geo_1875]

This must be getting worrying for the jambos who keep telling us "We're Almost There".

[Brunswickbill]

Dunno but they need a cashflow and can't sell STs till they know which division they'll be in. It's now that they wanna be startin somethin.

Presumably they will not be able to issue season tickets if there is any possibility of liquidation which would result in them following Servco?

[KeithTheHibby]

This is a serious thread. There's no room for puns.

Just beat it, eh?


This saga has turned into a right Thriller for us hobos.

[Sergey]

Here's the draft agenda for the meeting.


http://translate.googleusercontent.com/translate_c?depth=1&hl=en&prev=/search%3Fq%3Dukio%2Bbankas%26client%3Dfirefox-a%26hs%3DDAB%26rls%3Dorg.mozilla:en-US:official%26channel%3Dsb&rurl=translate.google.com&sl=lt&u=http://www.ub.lt/images/doc/Balsavimo_rastu_biuletenis_pirmajam_Ukio_banko_kre ditoriu_susirinkimui.pdf&usg=ALkJrhg-WrXq-vt7b9L1diqoNevz6Qrxlg


No mention of Yams, their shares or any business. Maybe Barry or I am an MP.should get them told. :greengrin

That's a good find, GG :agree:

Also, bear in mind that the exact same scenario will have to be undertaken with the creditors of UBIG, which as we both know, have yet to announce an initial meeting.

After the Ukio creditors committee is elected, those creditors who aren't represented on the committee will be given the opportunity to submit questions that will be included on the agenda of any future meeting. Given that the Hearts shares are still frozen and UBIG are dragging their heels, the approval of the CVA and transfer of shares certainly won't make the agenda of meeting #2 with Ukio.

Given that Hearts are well down the pecking order of importance, I really don't see the creditors of either institution giving them any immediate thought.

BDO must know this and will be advising Budge accordingly.

[greenginger]

That's a good find, GG :agree:

Also, bear in mind that the exact same scenario will have to be undertaken with the creditors of UBIG, which as we both know, have yet to announce an initial meeting.

After the Ukio creditors committee is elected, those creditors who aren't represented on the committee will be given the opportunity to submit questions that will be included on the agenda of any future meeting. Given that the Hearts shares are still frozen and UBIG are dragging their heels, the approval of the CVA and transfer of shares certainly won't make the agenda of meeting #2 with Ukio.

Given that Hearts are well down the pecking order of importance, I really don't see the creditors of either institution giving them any immediate thought.

BDO must know this and will be advising Budge accordingly.



Will the Russian and Ukrainian creditor reps. be sat at the same table ?

If Putin succeeds in getting the former Ukraine President back into power will the next Russian ambition be to have Vlad Romanov back at the helm at Ukio. :greengrin

[Leithenhibby]

This must be getting worrying for the jambos who keep telling us "We're Almost There".


Not long now methinks :greengrin

http://www.youtube.com/watch?v=usyT2HEFdEw

[Sergey]

Will the Russian and Ukrainian creditor reps. be sat at the same table ?

If Putin succeeds in getting the former Ukraine President back into power will the next Russian ambition be to have Vlad Romanov back at the helm at Ukio. :greengrin

I notice in that PDF you posted regards the creditors committee selection, one company is mentioned (UAB Lifodas) and are awaiting selection, who are a fibre-optic supplier.

Offices in four countries ... http://www.fods.com/contacts.html

This simply highlights the complexity of the case.

[Leishy1995]

That's a good find, GG :agree:

Also, bear in mind that the exact same scenario will have to be undertaken with the creditors of UBIG, which as we both know, have yet to announce an initial meeting.

After the Ukio creditors committee is elected, those creditors who aren't represented on the committee will be given the opportunity to submit questions that will be included on the agenda of any future meeting. Given that the Hearts shares are still frozen and UBIG are dragging their heels, the approval of the CVA and transfer of shares certainly won't make the agenda of meeting #2 with Ukio.

Given that Hearts are well down the pecking order of importance, I really don't see the creditors of either institution giving them any immediate thought.

BDO must know this and will be advising Budge accordingly.

Always like reading your posts Bajillions

[CropleyWasGod]

Always like reading your posts Bajillions

Thanks

[kdhibees1]

Last night a yam was singin' loud that admin won't last too long....
''Ooh ee Budgies gonna buy us on the cheap, cheap''

Woke up this morning still they think there woes are all gone...
''Ooh ee, shares still frozen , deep, deep''http://www.f2bb.com/images/smileys/poo.gif


Where's yer Vladdie gone? (where's yer Vladdie gone?)
Where's yer savings gone? (where's yer savings gone?)


Far, far away, far far away.

[GreenLake]

I notice in that PDF you posted regards the creditors committee selection, one company is mentioned (UAB Lifodas) and are awaiting selection, who are a fibre-optic supplier.

Offices in four countries ... http://www.fods.com/contacts.html

This simply highlights the complexity of the case.

Perhaps Vlad issued bundles of them to the auditors for a visual analysis of Hearts accounts.

[Chibs]

Thanks
Sweet baby Jesus.

This thread is difficult enough to follow without adding multiple personalities.
:greengrin

[Ozyhibby]

Posted by Gorgie_Rules on Kickback

It would be very very harsh on us to recieve a deduction if we are in admin after the official end date of this season. We havent exactly 'cheated' anyone this season and certainly havent cheated anyone in the first division. The club, fans and administrators have done all they can to get the club out of administration asap, to punish us over timescales of meetings abroad would be ridiculous even by scottish footballs standards

I predict we'll be out of admin mid april, just in time for the season ticket cash to start rolling in

Expect to see a lot of this as time goes by.

[Sergey]

Well that's 6 weeks since your "respected" (not by many on here :greengrin) pal was telling anyone who would listen that they would be out of Administration by now.

But in that time absolutely nothing has happened. I would specifically ask for Sergey's views on this but I would be wasting my time as he would just say what he's been saying all along............. it's going to be a long, long process.

Sure they've made a few noises about what they'll do when they get the shares with Anne Budge and FOH making all sorts of promises, but I've got plans for when I win the lottery but guess what........... that hasn't happened yet either :greengrin We've also had a visit to Lithuania by Jackson but that clearly didn't bear any fruit as BAnderson hasn't been told to spin a positive story about it.

So other than being 5 points adrift at the bottom of the table (oops sorry, I forgot about the 15 points penalty so that'll be 20 points) there's nothing new.

On the subject of 15 points, it's not going to take too many more delays before they find themselves kicking off next season on -15 points. If they survive the summer that is :wink:

I see PR Lieutenant in Chief PTBCAL has spoken:


I think everyone at Hearts are very very confident that we will see new owners sooner rather than later. Might be April or even May but it will happen

One things for sure - they'll certainly have new owners, that's a given...they might even have a new club to support. How on earth he can announce 'sooner rather than later' with confidence simply beggars belief (actually it doesn't) as it was he who canvassed for my opinion on the matter in question only six weeks ago.

Nice to see May as a deadline dropped in again. That's twice today and I think the penny is finally dropping that nothing is happening any time soon...which doesn't equate to 'sooner rather than later' in my understanding of the English language.

[Aldo]

I see PR Lieutenant in Chief PTBCAL has spoken: One things for sure - they'll certainly have new owners, that's a given...they might even have a new club to support. How on earth he can announce 'sooner rather than later' with confidence simply beggars belief (actually it doesn't) as it was he who canvassed for my opinion on the matter in question only six weeks ago. Nice to see May as a deadline dropped in again. That's twice today and I think the penny is finally dropping that nothing is happening any time soon...which doesn't equate to 'sooner rather than later' in my understanding of the English language.

Indeed Sergey BUT and I stress BUT.... What year. ;-)

[Weststandwanab]

Posted by Gorgie_Rules on Kickback

It would be very very harsh on us to recieve a deduction if we are in admin after the official end date of this season. We havent exactly 'cheated' anyone this season and certainly havent cheated anyone in the first division. The club, fans and administrators have done all they can to get the club out of administration asap, to punish us over timescales of meetings abroad would be ridiculous even by scottish footballs standards

I predict we'll be out of admin mid april, just in time for the season ticket cash to start rolling in

Expect to see a lot of this as time goes by. Clutching at straws.


I see PR Lieutenant in Chief PTBCAL has spoken:



One things for sure - they'll certainly have new owners, that's a given...they might even have a new club to support. How on earth he can announce 'sooner rather than later' with confidence simply beggars belief (actually it doesn't) as it was he who canvassed for my opinion on the matter in question only six weeks ago.

Nice to see May as a deadline dropped in again. That's twice today and I think the penny is finally dropping that nothing is happening any time soon...which doesn't equate to 'sooner rather than later' in my understanding of the English language. May has now started so how long before June is mentioned - the month of that anniversary !


Indeed Sergey BUT and I stress BUT.... What year. ;-) Leaving their options open I would suggest.

[hibees 7062]

Have they found the Smooth Criminal yet :greengrin

[Hermit Crab]

They'll be ok. Jambos keep saying so.

[Kato]

They'll be ok. Jambos keep saying so.

I don't think it's "so" they are saying, sounds more iike "moo".

[Dashing Bob S]

As next season starts in July, can I be the first to mention that month?

[PapillonVert]

[I]Posted by Gorgie_Rules on Kickback

We havent exactly 'cheated' anyone this season and certainly havent cheated anyone in the first division.

In other words, an implied admission that they know they HAVE cheated in previous seasons.

[PapillonVert]

Sweet baby Jesus.

This thread is difficult enough to follow without adding multiple personalities.
:greengrin

Would have thought an "Einstein" would have no difficulties working out the permutations! :greengrin

[semaj64]

To be fair it has always been May
May be March
May be April
May be May
May be June
May be ...
May be frozen oh sorry are Frozen

[Geo_1875]

Posted by Gorgie_Rules on Kickback

It would be very very harsh on us to recieve a deduction if we are in admin after the official end date of this season. We havent exactly 'cheated' anyone this season and certainly havent cheated anyone in the first division. The club, fans and administrators have done all they can to get the club out of administration asap, to punish us over timescales of meetings abroad would be ridiculous even by scottish footballs standards

I predict we'll be out of admin mid april, just in time for the season ticket cash to start rolling in

Expect to see a lot of this as time goes by.

So completely ignoring the fact that they cheated Dundee out of the SPL by delaying the announcement of their Administration until the season was over.

[Mr White]

Have they found the Smooth Criminal yet :greengrin

Dunno but I'm sure I overheard gary Locke on the radio earlier saying that billy broon is not his lover.













I'll get my own coat thanks.

[Weststandwanab]

As next season starts in July, can I be the first to mention that month? Only for some teams.


In other words, an implied admission that they know they HAVE cheated in previous seasons. They know they have cheated for years.


Would have thought an "Einstein" would have no difficulties working out the permutations! :greengrin Enstein failed maths at school.

[Spike Mandela]

Posted by Gorgie_Rules on Kickback

It would be very very harsh on us to recieve a deduction if we are in admin after the official end date of this season. We havent exactly 'cheated' anyone this season and certainly havent cheated anyone in the first division. The club, fans and administrators have done all they can to get the club out of administration asap, to punish us over timescales of meetings abroad would be ridiculous even by scottish footballs standards

.

In other words it would be ridiculous to (yet again) apply the rules to Hearts, rules which they signed off on.:rolleyes:

It must be really frustrating for them as well the length of time it takes these pesky Lithuanians push things through. You would think that they would be in a real hurry to let Hearts shaft them for around £30m. Just no gratitude.:cb

[TRC]

To be fair it has always been May
May be March
May be April
May be May
May be June
May be ...
May be frozen oh sorry are Frozen

Amazing!!!

[Famous Fiver]

Having carefully followed this thread, and digested all the information coming from BDO, FOH, ****,MSM, Banderson et al, all roads lead me back to my default position

TICK TOCK (louder than ever!)


Any lurking Jambos care to comment?

[hibbill2002]

Dunno but I'm sure I overheard gary Locke on the radio earlier saying that billy broon is not his lover.













I'll get my own coat thanks.

Bad

[Gus Fring]

My source has been in contact today.

Everything is just ticking over at the moment as they can't really do much else. Everyone feels like they are stuck in limbo. They can't sell Season Tickets, they can't talk to players about contract extensions, in fact they can't do much of anything as they don't want to do anything that would upset Budge and jeopardise the take over.

There is a worry that the money will run out in the off season if not before and they'll be liquidated. Staff have been told it's unlikely the FOH will be able (or willing) to help them out because it would hurt the business plan going forward.

BDO are saying there is still every chance they'll survive all of this but with every passing day it gets less and less likely.

I'm not saying they will be liquidated or that they will survive. I'm just passing the information on. I'm sure some on here and all over the road will find a way to twist all if it but that's their prerogative

[Phil D. Rolls]

At what point will the SPFL need to know what teams are able to compete next season? Surely it's wisest to make decisions sooner rather than later, so that a repeat of SEVCO can be avoided. Would it be prudent of them to seek reassurances from Oldyam that they can complete their fixtures next year. After all they are struggling to make it to the end of next season.

[#FromTheCapital]

My source has been in contact today.

Everything is just ticking over at the moment as they can't really do much else. Everyone feels like they are stuck in limbo. They can't sell Season Tickets, they can't talk to players about contract extensions, in fact they can't do much of anything as they don't want to do anything that would upset Budge and jeopardise the take over.

There is a worry that the money will run out in the off season if not before and they'll be liquidated. Staff have been told it's unlikely the FOH will be able (or willing) to help them out because it would hurt the business plan going forward.

BDO are saying there is still every chance they'll survive all of this but with every passing day it gets less and less likely.

I'm not saying they will be liquidated or that they will survive. I'm just passing the information on. I'm sure some on here and all over the road will find a way to twist all if it but that's their prerogative

Thanks Bajillions.

[Gus Fring]

At what point will the SPFL need to know what teams are able to compete next season? Surely it's wisest to make decisions sooner rather than later, so that a repeat of SEVCO can be avoided. Would it be prudent of them to seek reassurances from Oldyam that they can complete their fixtures next year. After all they are struggling to make it to the end of next season.

It doesn't work like that. The SPFL will just assume that every club will be available until it becomes absolutely obvious they won't be. The SPFL is the other clubs and they have no desire to trip each other up at every turn. "Live and let live" is the general rule when it comes to the SPFL.

[Kaiser1962]

BDO are saying there is still every chance they'll survive all of this but with every passing day it gets less and less likely.

I'm not saying they will be liquidated or that they will survive. I'm just passing the information on. I'm sure some on here and all over the road will find a way to twist all if it but that's their prerogative

They must have discussed, internally at least, plans to liquidate and emerge as a Newco with all that that entails. As each month passes it may appear to be prudent to implement that plan, sooner rather than later. Logic dictates they must be nearing their Rubicon.

[Aldo]

My source has been in contact today. Everything is just ticking over at the moment as they can't really do much else. Everyone feels like they are stuck in limbo. They can't sell Season Tickets, they can't talk to players about contract extensions, in fact they can't do much of anything as they don't want to do anything that would upset Budge and jeopardise the take over. There is a worry that the money will run out in the off season if not before and they'll be liquidated. Staff have been told it's unlikely the FOH will be able (or willing) to help them out because it would hurt the business plan going forward. BDO are saying there is still every chance they'll survive all of this but with every passing day it gets less and less likely. I'm not saying they will be liquidated or that they will survive. I'm just passing the information on. I'm sure some on here and all over the road will find a way to twist all if it but that's their prerogative

Cheers for that Bajillions.

And you are indeed correct that the roasters over on Brokeback will think it's 'Hobonomics' but in truth they deep down know your are right in your summations.

Pleasing

[DC_Hibs]

Well we just need to cling on to our last remaining hope that delays in Lithland drag on for some time.

Relegation is welcome of course but let's not make out that they will be years in the doldrums as ICT and Ross County have done OK on much less income than they will have.......despite the millstone costs of a stadium that isn't and never will be fit for purpose.

[Springbank]

I just passed a Jambo singing at his rudi scakel shrine "I want you back"

No chance matey

[Kato]

Everyone feels like they are stuck in limbo.

That's what I heard, the Lithuanians have got them jumping through hoops and they're being prodded into Moonwalking every now and then.


12129


DANCE, JAMBO! DANCE.

[Kato]

Well we just need to cling on to our last remaining hope that delays in Lithland drag on for some time.


Not everyone carries any "hopes" re- their situation. I honestly couldn't give a toss. It's just fun watching them squirm.