Share Transfers Agreed/Cooling off period

[PatHead]

Had a wee look at the ticket availability for Hearts v Aberdeen. Highest number of tickets I have noticed available at any game which obviously means an attendance of 13,500 for possibly the last ever game at Tynecastle.

https://www.eticketing.co.uk/heartofmidlothian/details/event.aspx?itemref=842

[BarneyK]

Hi Brian. I see you've referred to the don't accept the cva get no money threat - are you sure that this isn't the case and the MP was lying?

Ukio have a security on Tynie so would would get proceeds of any post liquidation sale. Ubig would get nowt.

[Winston Ingram]

Ukio have a security on Tynie so would would get proceeds of any post liquidation sale. Ubig would get nowt.

The end of the day the main creditor is the Lith Tax payer. It sounds to me that Ukio/Ubig are working to get the best deal for them.

Thankfully, that looks like one standing aside to liquidate the whinging ,stingy, cheating thieving bassas:greengrin

[Mikey]

The end of the day the main creditor is the Lith Tax payer. It sounds to me that Ukio/Ubig are working to get the best deal for them.

Thankfully, that looks like one standing aside to liquidate the whinging ,stingy, cheating thieving bassas:greengrin

Yep, doesn't matter if UKIO or UBIG gets the best deal as the money will end up in the same pot at the end of the process.

[Sergey]

Yep, doesn't matter if UKIO or UBIG gets the best deal as the money will end up in the same pot at the end of the process.

Indeed so, Mikey, and this is what my Lithuanian contact in Kaunas had to say when I made her aware of the 'dishonest' allegations that appeared in The Sun.


oh. well... We have our share of dishonesty - who hasn't? But in this case I do not see how anyone on the LT side can be dishonest by doing or not doing anything. :) Are the LT administrators dishonest in trying to protect the interests of the creditors (and actually LT taxpayers in that, as state has become the biggest creditor of Ukio Bankas after repaying the deposits, and Ukio is in its turn the biggest creditor if UBIG)? Or are the creditors dishonest, who do not agree to just write off the money they are owned and try to salvage as much as they can? :) The only guilty side is Hearts themselves really, it was THEY who run up the debts, they can only ask for those debts to be written off, but they can't be angry or go around blaming others, if somebody does not agree to go into even bigger loss in order to save them.

I posted this on the PM board this morning and post it again now for all visiting Yams to see.

[Springbank]

Yep, doesn't matter if UKIO or UBIG gets the best deal as the money will end up in the same pot at the end of the process.

It always seemed like BJ's biggest achievement was convincing the world at the outset that UKIO and UBIG were "unrelated" parties, in order to let the admin go forward relatively unchallenged at first.

But as in any well-scripted comedy, the punchline comes laced with a delicious irony.

When it comes down to brass farthings, it looks like they are entirely related creditors after all. Oh well Brian, nice try old chap, and all that...

[CropleyWasGod]

Ukio have a security on Tynie so would would get proceeds of any post liquidation sale. Ubig would get nowt.

Unless the sale realises over c.£8m.

[Hibee87]

Unless the sale realises over c.£8m.

Was wondering about this myself.....so hearts go to liquidation, and they sell tynie for say 10mill example. UKIo get the security 7.9 mill correct?

Who would get the other 1.9 mil? :confused:

[Kato]

What astounds me in all of this is the constant lying.


Really? Astounded?

Its the one thing you can bank on with them, that and the stench of self-importance.

[CropleyWasGod]

Was wondering about this myself.....so hearts go to liquidation, and they sell tynie for say 10mill example. UKIo get the security 7.9 mill correct?

Who would get the other 1.9 mil? :confused:

The liquidators get their fees first, UKIO get the next £6.8m, and the rest is divvied up among the unsecured creditors in proprtion to their claim.

[robinp]

The liquidators get their fees first, UKIO get the next £6.8m, and the rest is divvied up among the unsecured creditors in proprtion to their claim.

Of which UKIO and UBIG are the largest, I think followed by HMRC?

*UKIO are partly secured/partly unsecured IIRC.

[21.05.2016]

Really? Astounded?

Its the one thing you can bank on with them, that and the stench of self-importance.

Exactly. There whole club is based on lies, corruption and theft. No morals. No class. No shame.

[Waxy]

They could all stick a euromillions on.Looks like the best realistic chance they have.

[Gus Fring]

Really? Astounded?

Its the one thing you can bank on with them, that and the stench of self-importance.

Said for comedic effect

[Kato]

Said for comedic effect

As dry as Chick Murray you.

[greenginger]

As dry as Chick Murray you.


As dry as a Yam Well ! could become a common expression. :greengrin

[Sean1875]

They could all stick a euromillions on.Looks like the best realistic chance they have.
knowing their luck, theyd probably win.

[21.05.2016]

knowing their luck, theyd probably win.

True, they are the jammiest ****ers about!

[#FromTheCapital]

The threats have started. Hope you've got a bodyguard Sergey!



I've thought for a long time that certain actions by Hibs fans, mostly those who have publicly shown their actions on social media may come back to haunt them if the worst comes. If certain members of our support start to get wind that they've been instrumental in our downfall I don't think they'll view it in the humorous manner in which its been treated to date.!

[Thecat23]

Posted this on the PB but I feel everyone should be told....

Gary has been told it's not 50/50 at all and to expect the worst outcome. Only a miracle of some sort can pull this deal off. They are expected to be told in a meeting before fri.

Any positive put on in the press is a front. This is from family members and his best mate who I know well. When I asked how bad is bad I was told "we have no more cash and it looks all over" I can't wipe the smile of my face if I'm honest.

[Kato]

The threats have started. Hope you've got a bodyguard Sergey!

That's right it's Hibs fans fault Vlad, The Pieman and Mercer took them to the cleaners.

Absolute Roasters.

[Lester B]

That's right it's Hibs fans fault Vlad, The Pieman and Mercer took them to the cleaners.

Absolute Roasters.

:top marks

[StevieC]

" that they've been instrumental in our downfall "

Irony at its best.

[21.05.2016]

Can't get on my twitter atm, what is Barry "dont panic all is barry" Anderson saying to all this? No doubt he'll be playing it down and twisting it to keep the vermin happy.

[Lester B]

Genuine quote from KB: "nothing ,, but nothing will be allowed to compromise our moral high ground!"


Jeeeeezzzzz!!

[DaveF]

Genuine quote from KB: "nothing ,, but nothing will be allowed to compromise our moral high ground!"


At least they still retain a sense of humour!

[Kato]

Genuine quote from KB: "nothing ,, but nothing will be allowed to compromise our moral high ground!"


Jeeeeezzzzz!!

Any psychiatry students out there? Case study for you.

[21.05.2016]

Genuine quote from KB: "nothing ,, but nothing will be allowed to compromise our moral high ground!"


Jeeeeezzzzz!!

Morals?! Heart of Midlothian?! hahahahaha oh ma sides! thats a cracker that is :faf::faf::faf::faf:

[Danderhall Hibs]

Posted this on the PB but I feel everyone should be told....

Gary has been told it's not 50/50 at all and to expect the worst outcome. Only a miracle of some sort can pull this deal off. They are expected to be told in a meeting before fri.

Any positive put on in the press is a front. This is from family members and his best mate who I know well. When I asked how bad is bad I was told "we have no more cash and it looks all over" I can't wipe the smile of my face if I'm honest.

I've got everything crossed.

[greengnome]

Genuine quote from KB: "nothing ,, but nothing will be allowed to compromise our moral high ground!"


Jeeeeezzzzz!!


Spotted a typo there.... Should have read immoral ....... :cb

[GreenLake]

Things are hilarious over there and a bit sad too. Some of my favorite roasters are being castigated and others are hungering up to cannibalize. I hope they don't go too soon.:faf:

Posted Yesterday, 14:14 by Snotty-Clamhole

http://www.hmfckickback.co.uk/public/style_images/JKB_2010/snapback.png (http://www.hmfckickback.co.uk/index.php?app=forums&module=forums&section=findpost&pid=4114300)Charlie-Brown, on 31 March 2014 - 02:12 PM, said:
Enough already they are cretinous oxygen thiefs don't give their fantasies anymore thought it's pointless.



Stop worrying about Hibernian and their supporters. This is way more important than that. We're looking down the barrel, imo.

I think it's Geoff's turn in the barrel.

[GreenCastle]

What astounds me in all of this is the constant lying.

"We'll be fan owned"
Yes for 5 minutes and then you'll be owned by Budge

"We'll be debt free"
Yes, for 5 minutes but then you'll owe Budge a significant sum

"UKIO will get nothing if they don't agree to the CVA"
They'll get the money raised from liquidation which could be considerably more.

"We've never complained"
Apart from the constant complaining that is?

"Best youngsters in Scotland"
This one is obvious

"The points deduction was designed to relegate us"
Even if you got those 15 points back you'd still be getting relegated.

"The transfer embargo was designed to relegate us"
You still signed a player. It's not the SPFL's fault he turned out to be humpty

"Just needs Rubber stamped"
Turns out the rubber stamp is for the court appointing a liquidator.

"Green lights all the way"
For the court appointed liquidator driving to Tynecastle.

"In the bag"
A bag marked: stuff to be sold in liquidation sale.

:top marks

[Keith_M]

......No doubt he'll be playing it down and twisting it to keep the vermin happy.


I've enjoyed the fun in this thread as much as the next Hibby but couldn't we do it without using words like that?


Hibs class and all that...

[Mikey]

I've enjoyed the fun in this thread as much as the next Hibby but couldn't we do it without using words like that?


Hibs class and all that...

Have you seen what Hibs fans refer to each other as? I dream of the day I'm only vermin :greengrin

[nribs]

I've enjoyed the fun in this thread as much as the next Hibby but couldn't we do it without using words like that?


Hibs class and all that...
But most of them are though eh!

[Kaiser1962]

The threats have started. Hope you've got a bodyguard Sergey!

The only folk that are responsible for their downfall is them. How thick do you have to be to think you owe money to yourself?

[SHODAN]

If they are liquidated, will the potential newco start in League Two or the Lowland League if we vote to keep them in?

[leggeto]

It really would surprise me if they did go down the swannie,I've been one of the it'll be ok they'll get away with everything,fall into a barrel of sh@ite and climb out smelling of roses,when if it was us we'd fall into a barrel of t!Ts and come out sucking our thumbs,if its the same sort of carry on Portsmouth went through then it could be bye bye after all

[lapsedhibee]

There are times when it has looked good but some good news for they pricks has been leaked.
:tsk tsk: Good news has never been leaked. It's invariably been invented.

[Springbank]

Let me leave no room for doubt

None of their results since 1978 count as truly sporting contests

It's just amazing all that stolen dosh (many millions) only buys you 2 cups and a few relegation scraps for good measure

They need to go to show cheats don't prosper and it all bites you eventually

[Phil D. Rolls]

Yaaaaaaaaaasssssssss!!!!!!. :partyhibb

I used to hate them
But it's all over now!

[Hibernia Na Eir]

I've enjoyed the fun in this thread as much as the next Hibby but couldn't we do it without using words like that?


Hibs class and all that...

not half as much fun as is around the April seventh corner.

[IWasThere2016]

Have they strung up Gasman yet? :cb

[dchibs]

Kickback reminds me of a certain movie right now, I can't quite remember the title...

...ah, here it is...

http://www.imdb.com/title/tt0446029/

I could have swore it was going to be Brokeback Mountain.

[Kato]

If a Jambo farted in a lift, on his own, in a cave, on Jupiter - they'd report a Hibs fan to Vince Lunny for it and Lunny would agree.

[Saorsa]

Looks like whalearse's dream is about tae come true :thumbsup::thumbsup:


One City, One team, they'll always wear green :flag:

[Phil D. Rolls]

Please please please can we have a countdown clock? It appears that nothing can save them, not anything.

[BIGK]

The only folk that are responsible for their downfall is them. How thick do you have to be to think you owe money to yourself? http://www.hibs.net/images/smilies/top%20marks.gif

[Phil D. Rolls]

The Hibs fans thought they were in heaven,
When Jackson said that it was the seventh,
The bailiffs planned to lock the gate,
They didn't have time to sell more cakes,
Jamtards bye bye. :bye:

[kdhibees1]

This thread gets better by the day. Glorious viewing!! Poor wee yams!!:brokenyam:

[#FromTheCapital]

I wonder what they'll call themselves as a newco? Has to be something more original than 'The Hearts', maybe 'Thee Hearts'.

[SHODAN]

If they are liquidated, will the potential newco start in League Two or the Lowland League if we vote to keep them in?

Anyone?

[BarneyK]

Bryan Jackson on Sportsound did sound genuinely worried. At great pains to conclude that they were doing everything they possibly could to "get it over the line", and that this has been a great shock because there is absolutely no benefit to the creditors to reject the CVA. Still no mention of frozen shares but has apparantly been getting positive vibes that the meeting will go ahead next week, though if if it is delayed at all it may be time for the big L. To me it sounded like prepare yourselves for the worst. Robbo on the other hand was greatly heartened by it. One way or another, he says, there will always be a club there, whether it's in the Championship or in Division 2. Personally wasn't aware that that decision was a foregone conclusion for a team without a home ground but there you go...

[Danderhall Hibs]

I wonder what they'll call themselves as a newco? Has to be something more original than 'The Hearts', maybe 'Thee Hearts'.

Thee Famous.

[Danderhall Hibs]

Bryan Jackson on Sportsound did sound genuinely worried. At great pains to conclude that they were doing everything they possibly could to "get it over the line", and that this has been a great shock because there is absolutely no benefit to the creditors to reject the CVA. Still no mention of frozen shares but has apparantly been getting positive vibes that the meeting will go ahead next week, though if if it is delayed at all it may be time for the big L. To me it sounded like prepare yourselves for the worst. Robbo on the other hand was greatly heartened by it. One way or another, he says, there will always be a club there, whether it's in the Championship or in Division 2. Personally wasn't aware that that decision was a foregone conclusion for a team without a home ground but there you go...

Ian Murray MP was saying similar last night, ie no benefit to them rejecting the cva as they'll get nothing. It's been implied on here that the stadium will have to be sold - why are bdo and MPs saying different?

[BarneyK]

If they are liquidated, will the potential newco start in League Two or the Lowland League if we vote to keep them in?

Too early to say. They may not even have a ground to play from.

[brog]

Anyone?

If they do it this summer it will probably be league 2. The pyramid system doesn't kick in until next season.

[RoYO!]

Sorry for this, as behind with this thread. Can UKIO still say, actually we've had a rethink, we want more than the 2.5mil? Or is the stumbling block the UBIG 50k?

I think BJ may just be trying to play up the seriousness of the situation in order to try to push for a decision sooner rather than it continue to stall.

[BarneyK]

Ian Murray MP was saying similar last night, ie no benefit to them rejecting the cva as they'll get nothing. It's been implied on here that the stadium will have to be sold - why are bdo and MPs saying different?

Genuinely have no idea. I can just about understand them not mentioning the frozen shares as there may be something in the offing with regards that, but why they should choose to ignore the security on Tynie, it's a mystery. Maybe just because that's the way propaganda works, you keep repeating the same thing over and over again and eventually folk will begin to believe it. Crucially though, the Lithuanians will be well aware of it.

[Saorsa]

I wonder what they'll call themselves as a newco? Has to be something more original than 'The Hearts', maybe 'Thee Hearts'.The h**** of midlothian dancing club.

[ronaldo7]

The white feathers of Midlothian

[Green Blood]

Brian Jackson sets sail for crisis talks in Lithuania

12329


Meanwhile Fishyslacks Foulkes is in London trying to convince the government to intervene to help the ****S campaign claiming a bad man was to blame for all the troubles.

12330


In Linburn those who really fought for their country are working unpaid overtime to ease their money worries after being bumped by the ****S

12331

[brog]

Ian Murray MP was saying similar last night, ie no benefit to them rejecting the cva as they'll get nothing. It's been implied on here that the stadium will have to be sold - why are bdo and MPs saying different?


Murray & BDO are trying to imply that Yams assets are worth less than the CVA offer. As the Lithuanians will receive less than £2m from the CVA this is stretching credulity. Personally I believe Budgie will end up buying PBS but it will be interesting to see how they market if!

[The_Todd]

Anyone?

Nobody knows. Rangers got preferential treatment and were allowed right back in, Hearts may not be so lucky. They might not have a ground either. Who knows.

[Wakeyhibee]

Having had to stand/sit with the sad welts on Sunday due to no Hibs tickets left, this is all pleasing news and cheering me up no end. I'm just sad my £28 added 3 mins to their miserable existance.

[Spike Mandela]

Bryan Jackson on Sportsound did sound genuinely worried. At great pains to conclude that they were doing everything they possibly could to "get it over the line", and that this has been a great shock because there is absolutely no benefit to the creditors to reject the CVA. Still no mention of frozen shares but has apparantly been getting positive vibes that the meeting will go ahead next week, though if if it is delayed at all it may be time for the big L. To me it sounded like prepare yourselves for the worst. Robbo on the other hand was greatly heartened by it. One way or another, he says, there will always be a club there, whether it's in the Championship or in Division 2. Personally wasn't aware that that decision was a foregone conclusion for a team without a home ground but there you go...

He was similarly pessimistic for Dunfermline's hopes just before they pulled through.

Remember the football administrator attributes of.........Administrators are beggars, con men, fraudsters, politicians, spin doctors, lawyers, bankers, gamblers and liars all rolled into one. They will do anything, bend any 'rule', twist any 'truth' and basically sell their Granny as long as their client keeps paying them top dollar.

*Please note this view is not endorsed by CWG, Baj, Sergey, Cav or RobinP.:wink::cb

[Kato]

- why are bdo and MPs saying different?

Liars? Covering their ass as when it goes breasts-vertical the roasters will be raging and looking for someone to blame.

It's why Donald Ford walked away.

[Weststandwanab]

Ian Murray MP was saying similar last night, ie no benefit to them rejecting the cva as they'll get nothing. It's been implied on here that the stadium will have to be sold - why are bdo and MPs saying different? Because BJ is as honest as the day is long and Ian - I was an M.P. - Murray was Chuntering.

Honest with one exception http://www.youtube.com/watch?v=XS088Opj9o0

Listen the lyrics of the first verse made for the Yams.

[HFC 0-7]

Sorry for this, as behind with this thread. Can UKIO still say, actually we've had a rethink, we want more than the 2.5mil? Or is the stumbling block the UBIG 50k?

I think BJ may just be trying to play up the seriousness of the situation in order to try to push for a decision sooner rather than it continue to stall.

They can say that, but it's basically rejecting the cva and hearts won't have time to submit a new one.

[DaveF]

He was similarly pessimistic for Dunfermline's hopes just before they pulled through.


Spot on, the guy is a professional story teller and has came out with all this guff during the Dunfy saga.

I know it's not the same this time around, but this just appears to part of the administrator handbook of cliches.

[GreenCastle]

Nobody knows. Rangers got preferential treatment and were allowed right back in, Hearts may not be so lucky. They might not have a ground either. Who knows.

I would imagine League 2 - It's a shame the Lowland League hasn't opened up yet the full pyramid as that would be interesting to see where they end up.

I can see the meeting on Monday being delayed again - but possibly only for another week.

The frustrating part of this whole saga is we are so crap right now it would be even more amusing if we had a half decent side and had beaten them every derby (including getting to a semi final) :rolleyes:

[BarneyK]

Liars? Covering their ass as when it goes breasts-vertical the roasters will be raging and looking for someone to blame.

It's why Donald Ford walked away.

Surely the easy get-out is the frozen shares? Nowt they can do about that after all.

[Kato]

Surely the easy get-out is the frozen shares? Nowt they can do about that after all.


They'd rather die and never come back at all than admit hibs.net was correct and the shares are actually frozen.

[Dashing Bob S]

They'd rather die and never come back at all than admit hibs.net was correct and the shares are actually frozen.

Yes they will and it will be so amusing to see them battle away on this issue of pedantry that does them absolutely no good whatsoever.

I almost wish that the shares weren't frozen now, as they've contrived to lose with their own poor hand and terrible poker faces anyway, and there was no need for those trump cards to come out of the fridge. At least the Pompey shares will never get lonely.


But in the interests of sport, I'm happy to start those games and say: THE SHARES WERE NEVER REALLY FROZEN IN THE FIRST PLACE!

BOOM BOOM!

[Pray4Marc]

If they do get liquidated, does that mean Germany win WW1?.

[Famous Fiver]

tick tock

[Phil D. Rolls]

If they do get liquidated, does that mean Germany win WW1?.

Jawohl mein herr! (Oops, have I gone too early?)

[Keith_M]

If they do get liquidated, does that mean Germany win WW1?.


Jawohl mein herr! (Oops, have I gone too early?)

Nein, ich glaube nicht.

In ganz Europa wird Deutsch gesprochen! So hat die Angela gesagt.

[TheReg!]

If they do get liquidated, does that mean Germany win WW1?.

:thumbsup:PMSL Spat my protein shake all over the iPad lol

[Dashing Bob S]

I wonder what they'll call themselves as a newco? Has to be something more original than 'The Hearts', maybe 'Thee Hearts'.

The Fewco (Famous Newco)

[Col2]

I still think they will get through this by the skin of their teeth and nothing more. I think they ARE very worries but when it comes to it they will get fans to keep them going to season end and finally get CVA approved. I cant see The Famous being liquidated.

[Saorsa]

I still think they will get through this by the skin of their teeth and nothing more. I think they ARE very worries but when it comes to it they will get fans to keep them going to season end and finally get CVA approved. I cant see The Famous being liquidated.April fool?

[greenginger]

Murray & BDO are trying to imply that Yams assets are worth less than the CVA offer. As the Lithuanians will receive less than £2m from the CVA this is stretching credulity. Personally I believe Budgie will end up buying PBS but it will be interesting to see how they market if!


That is totally untrue but what you would expect from those desperadoes.

Especially as N.B. Distillers have now been confirmed as the purchasers of the old Tynecastle school site which they intend to develop as an administration block for their own use and no doubt some additional space for sub-letting.

Part of this project will include the re-location of the Ethanol storage tanks which are the cause of COMAH restriction on the PBS site.

When completed, there will be a total of 6.12 acres of Yam land available for high density housing development at a value of not less than £12 million.

I am sure Jackson and any others of the Yam persuasion would not like this to become general knowledge. :greengrin

[Phil D. Rolls]

Nein, ich glaube nicht.

In ganz Europa wird Deutch gesprochen! So hat die Angela gesagt.

Danke. Oh, and good luck.

[AinsterHibs]

That is totally untrue but what you would expect from those desperadoes.

Especially as N.B. Distillers have now been confirmed as the purchasers of the old Tynecastle school site which they intend to develop as an administration block for their own use and no doubt some additional space for sub-letting.

Part of this project will include the re-location of the Ethanol storage tanks which are the cause of COMAH restriction on the PBS site.

When completed, there will be a total of 6.12 acres of Yam land available for high density housing development at a value of not less than £12 million.

I am sure Jackson and any others of the Yam persuasion would not like this to become general knowledge. :greengrin

However would they find out, one asks. :rolleyes:

What do we think percent wise is more likely?

Genuine question likesay.

[Col2]

April fool?

Not really. I still think when it comes down to it they will squeeze it over the line. We may all be on our holidays when it takes place as I still think this has weeks to play out.

Don't get me wrong I am loving it:greengrin

[Springbank]

That is totally untrue but what you would expect from those desperadoes.

Especially as N.B. Distillers have now been confirmed as the purchasers of the old Tynecastle school site which they intend to develop as an administration block for their own use and no doubt some additional space for sub-letting.

Part of this project will include the re-location of the Ethanol storage tanks which are the cause of COMAH restriction on the PBS site.

When completed, there will be a total of 6.12 acres of Yam land available for high density housing development at a value of not less than £12 million.

I am sure Jackson and any others of the Yam persuasion would not like this to become general knowledge. :greengrin

Important information

[Onion]

Murray & BDO are trying to imply that Yams assets are worth less than the CVA offer. As the Lithuanians will receive less than £2m from the CVA this is stretching credulity. Personally I believe Budgie will end up buying PBS but it will be interesting to see how they market if!

Are BDO legally able to misrepresent or ignore the liquidated value of business and continue to chase a CVA, even if the value of assets has increased in the meantime i.e. are BDO quite at liberty to lie about what approach may be best for HMFC creditors ?

[green day]

That is totally untrue but what you would expect from those desperadoes.

Especially as N.B. Distillers have now been confirmed as the purchasers of the old Tynecastle school site which they intend to develop as an administration block for their own use and no doubt some additional space for sub-letting.

Part of this project will include the re-location of the Ethanol storage tanks which are the cause of COMAH restriction on the PBS site.

When completed, there will be a total of 6.12 acres of Yam land available for high density housing development at a value of not less than £12 million.

I am sure Jackson and any others of the Yam persuasion would not like this to become general knowledge. :greengrin

Ewan Murray and Banderson stating on twitter that NB Distillers paid £600k for tynie school, ergo the piggery is only worth a wee bit more.

And that this is a central pillar to BJ strategy with the Liths.

[crewetollhibee]

If they do get liquidated, does that mean Germany win WW1?.

Germany will be awarded a 3 - 0 win, and the Treaty of Versaille will have to be re-drafted.

[CropleyWasGod]

Are BDO legally able to misrepresent or ignore the liquidated value of business and continue to chase a CVA, even if the value of assets has increased in the meantime i.e. are BDO quite at liberty to lie about what approach may be best for HMFC creditors ?

Their secondary duty, after preserving the company as a going concern, is "achieving a better result for the company's creditors as a whole than would be likely if the company were wound up (without first being in administration)."

They sought to satisfy that requirement by advertising the assets for sale last year.

I go back to my previous point that it is the duty of the admins of UKIO and UBIG to assess the value of the assets by doing their own diligence, not by relying on the valuation provided by the seller.

[Hermit Crab]

If they do get liquidated, does that mean Germany win WW1?.

Haha brilliant. Stolen by the way. :D

[greenginger]

Are BDO legally able to misrepresent or ignore the liquidated value of business and continue to chase a CVA, even if the value of assets has increased in the meantime i.e. are BDO quite at liberty to lie about what approach may be best for HMFC creditors ?


Jackson on the radio this evening said that although he was nominally working on behalf of the creditors this was a case where public interest could over ride this. He also said there had been a test case to confirm this view.

[Ronniekirk]

Jackson on the radio this evening said that although he was nominally working on behalf of the creditors this was a case where public interest could over ride this. He also said there had been a test case to confirm this view.
Did he go into any detail about the Test Case or are Hearts the test case .i would rather they were a Basket Case to quote Green Day this concept of a Public Interest is also one that can be argued to suit the purpose .
What's the view from those with the knowledge on this

[ORAC]

I couldn't help myself.

http://img.tapatalk.com/d/14/04/02/e9ygaten.jpg

[weonlywon6-2]

I still think they will get through this by the skin of their teeth and nothing more. I think they ARE very worries but when it comes to it they will get fans to keep them going to season end and finally get CVA approved. I cant see The Famous being liquidated.

i can now,locke mentioned about hearts position last week and it was strange timing,also its been how many months now and they havent really moved forward at all

shame cause i will miss them,like a hole in my head !!

[Jim44]

I still think they will get through this by the skin of their teeth and nothing more. I think they ARE very worries but when it comes to it they will get fans to keep them going to season end and finally get CVA approved. I cant see The Famous being liquidated.

If it's not sorted out either way at their meeting and the supporters are asked to keep them ticking over, they're going to have to dig really deep for the sort of money needed. If it comes to the crunch I wouldn't be surprised if a few mega-rich Jambos ( they are out there , I know one personally) who might be tempted to sacrifice a tidy sum, with an outside chance of it being repaid in the future, because of allegiance to their club. Realistically, I think it looks like curtains for them but a part of me suspects that they could somehow survive till the shares are available.

[Weststandwanab]

Murray & BDO are trying to imply that Yams assets are worth less than the CVA offer. As the Lithuanians will receive less than £2m from the CVA this is stretching credulity. Personally I believe Budgie will end up buying PBS but it will be interesting to see how they market if! I think Budgie will buy it from the Liquidators.



The Fewco (Famous Newco) Brilliant


I still think they will get through this by the skin of their teeth and nothing more. I think they ARE very worries but when it comes to it they will get fans to keep them going to season end and finally get CVA approved. I cant see The Famous being liquidated.I can, a few days after their last fixture.


That is totally untrue but what you would expect from those desperadoes.

Especially as N.B. Distillers have now been confirmed as the purchasers of the old Tynecastle school site which they intend to develop as an administration block for their own use and no doubt some additional space for sub-letting.

Part of this project will include the re-location of the Ethanol storage tanks which are the cause of COMAH restriction on the PBS site.

When completed, there will be a total of 6.12 acres of Yam land available for high density housing development at a value of not less than £12 million.

I am sure Jackson and any others of the Yam persuasion would not like this to become general knowledge. :greengrin The Liths should be advised accordingly.


Jackson on the radio this evening said that although he was nominally working on behalf of the creditors this was a case where public interest could over ride this. He also said there had been a test case to confirm this view. The test case is another football club with football debt.

There is no duty of care to the General Public unless it is a health and safety issue and not completing the fixture list could hardly be deemed a H&S issue.

[CropleyWasGod]

If it's not sorted out either way at their meeting and the supporters are asked to keep them ticking over, they're going to have to dig really deep for the sort of money needed. If it comes to the crunch I wouldn't be surprised if a few mega-rich Jambos ( they are out there , I know one personally) who might be tempted to sacrifice a tidy sum, with an outside chance of it being repaid in the future, because of allegiance to their club. Realistically, I think it looks like curtains for them but a part of me suspects that they could somehow survive till the shares are available.

That's part of their problem. They can't borrow money. Any money raised has to be donated.

[Aldo]

12335

[hibeesdude]

Thought it best to capture this cracker from over the road in case it goes mammaries skyward. ....

"Don't know what all the worry is. By next week at this time things will all be sorted, believe me"

Sent from my GT-I9505 using Tapatalk

[GreenLake]

Yes they will and it will be so amusing to see them battle away on this issue of pedantry that does them absolutely no good whatsoever.

I almost wish that the shares weren't frozen now, as they've contrived to lose with their own poor hand and terrible poker faces anyway, and there was no need for those trump cards to come out of the fridge. At least the Pompey shares will never get lonely.


But in the interests of sport, I'm happy to start those games and say: THE SHARES WERE NEVER REALLY FROZEN IN THE FIRST PLACE!

BOOM BOOM!

I never thought they were frozen either. I assumed it was a big hibs.net jambo wind up. I also think they should have been given the CVA for $2.5, thrown a special wildcard to stay in the Premier League and have a $50m stand built for them by ECC.

[GreenLake]

Jackson on the radio this evening said that although he was nominally working on behalf of the creditors this was a case where public interest could over ride this. He also said there had been a test case to confirm this view.

Why do the Jambos have so much pubic interest?

[Springbank]

Why do the Jambos have so much pubic interest?

I blame Rix

[Jack]

They could all stick a euromillions on.Looks like the best realistic chance they have.

They could try the Hibs Lotto, £5m would go a long way.

[Green Blood]

Why do the Jambos have so much pubic interest?

Hair today gone tomorrow!!!

[GreenLake]

Hair today gone tomorrow!!!
:top marks

[Waxy]

I just have this gut feeling that there will be no meeting next monday.It'll be postponed for a month or so because of legal issues.Just a gut feeling.

[Glory Lurker]

I just have this gut feeling that there will be no meeting next monday.It'll be postponed for a month or so because of legal issues.Just a gut feeling.


Pass on my regards to your guts. I think me and them might get along. :greengrin

[steakbake]

All this would be much more interesting had we actually turned up and done something on Sunday...

[Waxy]

All this would be much more interesting had we actually turned up and done something on Sunday...

Na. We're all raging about sunday and want them to die more than ever. It's made this thread very entertaining last couple of days.

[hibees 7062]

If they do get liquidated, does that mean Germany win WW1?.

3-0 :greengrin

[Ronniekirk]

All this would be much more interesting had we actually turned up and done something on Sunday...
On the other hand they have gone from that high to the brink of oblivion in the space of a few days .Those in Denial mist now be beginning to wonder if hibs.net have been right all along .Imagine the personal turmoil this must cause them.:wink:

[leggeto]

3-0 :greengrin

I think someone has to update the YouTube video with Hitler and his generals

[Kato]

Foundation of Hearts ‏@The_FOH Mar 31

@maroonajambo it's all on a secure account and hasn't been touched. Any monies we are using are dork donations etc.

Which dorks are donating?

[Green Blood]

https://www.youtube.com/watch?v=NEU0rH3XYgY


Tick Tock!!!

[Waxy]

https://www.youtube.com/watch?v=NEU0rH3XYgY


Tick Tock!!!
When this is all over, us Hibbys must all move on and buy digital clocks.

[greenginger]

North British Distillers seem to have already done work to limit the COMAH area.


The Council is selling another unit in Mcleod Street opposite the old school. It is described as suitable for housing and has the following paragraph in the site description.

" Mitigating works to limit the extent of the implications of the COMAH regulations were undertaken as part of the construction of the new Tynecastle High School. "

The COMAH plan area always referred to is dated 19/6/2003.

[leggeto]

https://www.youtube.com/watch?v=NEU0rH3XYgY


Tick Tock!!!

brilliant

[Jim44]

Thought it best to capture this cracker from over the road in case it goes mammaries skyward. ....

"Don't know what all the worry is. By next week at this time things will all be sorted, believe me"

Sent from my GT-I9505 using Tapatalk

I passed the time of day with a Jambo acquaintance tonight. We rarely ever talk about football except when he wants to have a wee gloat. So of course tonight, it was "What was the result on Sunday Jim?" Subtle eh? "You'll no be crowing after Monday! ", says I, equally childishly, going on the attack. "What are you talking about?" I thought he was extracting the Michael but played along with him trying to lay it on thick. He shrugged it off with " That's just paper talk, anyway thon wifey Brodie's going to buy us at the end of the season when we come out of administration and we'll be back kicking your @rses in a year's time. I let him, smilingly have the last word.

[SuperAllyMcleod]

My mistake - replying to jdawg above!

[Green Blood]

To all Hertz fans, time to relax, just let go. You'll feel better once its all out



12338

[Springbank]

North British Distillers seem to have already done work to limit the COMAH area.


The Council is selling another unit in Mcleod Street opposite the old school. It is described as suitable for housing and has the following paragraph in the site description.

" Mitigating works to limit the extent of the implications of the COMAH regulations were undertaken as part of the construction of the new Tynecastle High School. "

The COMAH plan area always referred to is dated 19/6/2003.


It's worth bringing this to the attention of Independent Ian (so that, you know, he doesn't make a k-nob of himself in public about land values in the EH11 precinct)

It may be worth bringing this to the attention of the Lithuanian creditors too.

For entirely more serious reasons.

[Glory Lurker]

I passed the time of day with a Jambo acquaintance tonight. We rarely ever talk about football except when he wants to have a wee gloat. So of course tonight, it was "What was the result on Sunday Jim?" Subtle eh? "You'll no be crowing after Monday! ", says I, equally childishly, going on the attack. "What are you talking about?" I thought he was extracting the Michael but played along with him trying to lay it on thick. He shrugged it off with " That's just paper talk, anyway thon wifey Brodie's going to buy us at the end of the season when we come out of administration and we'll be back kicking your @rses in a year's time. I let him, smilingly have the last word.


Is your pal the chief adviser to Keichback?

[Jim44]

"Trailing on Twitter that there is Hearts news in tomorrow's Daily Ranger from Lithuiania. And its "not all bad". Whatever that means!!!!!!"

Something has rattled the cages over the road. Any guesses? :greengrin

[Ronniekirk]

"Trailing on Twitter that there is Hearts news in tomorrow's Daily Ranger from Lithuiania. And its "not all bad". Whatever that means!!!!!!"

Something has rattled the cages over the road. Any guesses? :greengrin
Nae idea The fact Jackson is now thrusting himself back into the Media has to mean the end game is near one way or other .He is either preparing hearts fans for worst while hoping something can still be salvaged and this is last gasp media and political and business pressure to get something over the line ,but either way the reports after the next meetings if they go ahead should confirm how far they will have to fall Can't see why he would be publicly doing all this if he thought it was going to be plain sailing and Budge seems to be on a self imposed Media black out .

[BarneyK]

It's worth bringing this to the attention of Independent Ian (so that, you know, he doesn't make a k-nob of himself in public about land values in the EH11 precinct)

It may be worth bringing this to the attention of the Lithuanian creditors too.

For entirely more serious reasons.

I think he's a bit busy just now with imaginary political daubings at his offices
http://wingsoverscotland.com/the-smear-wars/

[hibees 7062]

It's no funny guys

http://airstre.am/dopamine72/Nicolas%20Cage%20Laugh.gif


http://i.imgur.com/XXPoU.gif

[Just Alf]

I think he's a bit busy just now with imaginary political daubings at his offices
http://wingsoverscotland.com/the-smear-wars/

Just checked google maps and you can see it there.... The picture is watermarked 2013!

Obviously a trustworthy individual who wouldn't dream of stating inaccuracies regarding what creditors will get via the liquidation scenario!

[stevejordan]

i keep thinking off that footballs coming home song next monday is the day we have waited for for so long :flag:

[Argylehibby]

[QUOTE=BarneyK;3952646]Bryan Jackson on Sportsound did sound genuinely worried. At great pains to conclude that they were doing everything they possibly could to "get it over the line", and that this has been a great shock because there is absolutely no benefit to the creditors to reject the CVA. QUOTE]

Getting it over the line doesn't count for much these days, just ask sparky and Forster.

[Ronniekirk]

[QUOTE=BarneyK;3952646]Bryan Jackson on Sportsound did sound genuinely worried. At great pains to conclude that they were doing everything they possibly could to "get it over the line", and that this has been a great shock because there is absolutely no benefit to the creditors to reject the CVA. QUOTE]

Getting it over the line doesn't count for much these days, just ask sparky and Forster.
One set of rules for us and different ones for them .Lets hope the get no more rub of the green and get Marooned in lower leagues .the spin they are putting on things to save Their bacon is sickening .

[monktonharp]

Because BJ is as honest as the day is long and Ian - I was an M.P. - Murray was Chuntering.

Honest with one exception http://www.youtube.com/watch?v=XS088Opj9o0

Listen the lyrics of the first verse made for the Yams. the visual effects , sum it up for BJ. as the auld scots saying goes: fly wi' the craws, ye get shot wi' the craws.

[Crazyhorse]

Sorry, I don't see the joy.

The asbestos and asbo filled club who started on minus fifteen, play kids, can't sign anyone and have 'strugglin'' on their management team go bust meaning we're short of even more cash and we STILL ****ing can't beat them.

Pull the plug on Hibs instead, move to straiton, call the new club Edinburgh United have them play in maroon and realise some fat tory's vision from years ago.

(Can you tell I'm not over Sunday yet?)

I agree with you to an extent. This season would have been much sweeter if we had thrashed them in every derby. The most disgusting thing about this season is not cheating delusion hearts (in the end I don't really care about them) its our pathetic, spineless, wage thieving team. Duffy Jimmy's team were just useless this lot are useless and lacking in any guts. The end of hearts will be enjoyable but the end of this season is what I'm looking forward to more.

[GreenLake]

I think someone has to update the YouTube video with Hitler and his generals

I second that! :thumbsup:

[gorgie greens]

Daily record report in to the disgusting way the Lithuanians have treated BDO and Jackson a source close to Jackson has gone on to say how Jackson was kept waiting for 48 hrs before being told the meeting was called off,"thats a sign of the discourtesy and dishonesty they have been dealing with all the way through but even by Lithuanian standards this was extreme"And to think that establishment of a Club that they are trying to save have been anything but honest to there fans,charities small local business people who have went bust because of that clubs wrong doings.
Would love them to go to the wall but feel there may dodge it one way or another but hope that someone in Lithuania reads the comments about how bad they are treating these poor guys trying to save there little club who do no wrong to anyone sticks it right up them

[GreenLake]

Foundation of Hearts ‏@The_FOH Mar 31

@maroonajambo it's all on a secure account and hasn't been touched. Any monies we are using are dork donations etc.

Which dorks are donating?

I think they mean "dark donations". Like "dark pools" where big banks and hedge funds buy huge amounts of stock without anybody being able to know who owns it or where the money came from (cartels, right wing dictators, BRIC billionaire government officials perhaps). In the Jambo case it comes from their mothers retirement savings, kids Christmas present money or dinner money, Bulgarian All Inclusive Holiday savings, Rent Money, charity tins, and ebay single trainer sales.

[CB_NO3]

Keith Jackson from the Record is tweeting "news from Lithuania, things may not be that bad"

Who knows what that means.

[GreenLake]

Keith Jackson from the Record is tweeting "news from Lithuania, things may not be that bad"

Who knows what that means.

Hopefully another April Fools joke.

[GlasgowHibee]

Keith Jackson, one of the worst journalists of all time.

I'll be taking tomorrow's article with a pinch of salt.

[Springbank]

Terrible journalist but (on tonight's evidence) a decent salesman. He'll boost circulation in west Edinburgh on Wednesday by sounds of if, even though it'll be guff.

Seems hearts fans can add the DR to the list of "people who fleece the Famous" haha

[GreenLake]

Terrible journalist but (on tonight's evidence) a decent salesman. He'll boost circulation in west Edinburgh on Wednesday by sounds of if, even though it'll be guff.

Seems hearts fans can add the DR to the list of "people who fleece the Famous" haha

The Daily Roaster

[Waxy]

Keith Jackson from the Record is tweeting "news from Lithuania, things may not be that bad"

Who knows what that means.It means all jambos buy our paper or read our website.

[Moulin Yarns]

"Trailing on Twitter that there is Hearts news in tomorrow's Daily Ranger from Lithuiania. And its "not all bad". Whatever that means!!!!!!"

Something has rattled the cages over the road. Any guesses? :greengrin

Misreading of this article?

http://www.dailyrecord.co.uk/news/scottish-news/heart-start-daily-record-campaign-3320146

[CyberSauzee]

http://m.scotsman.com/sport/football/latest/hearts-this-is-lowest-ebb-says-administrator-1-3360654

"It does seem there are one or two creditors who want more information or are not happy with the deal and think the property is worth more money and so on,” Jackson told BBC Scotland. “But that is not the reality. We have supplied all the information and we really don’t believe there could be a better deal. I don’t believe that trying to sell off the ground in any other way would benefit the creditors."

As CWG has pointed out on numerous occassions, the admins primary objetive is to save the business as a going concern, followed by getting the best deal for creditors. Here BJ is ignoring getting the best deal for creditors.

[Waxy]

I suppose he has to or football fans wont want them as administrators in future.

[Winston Ingram]

Here's Keith Jackson's article

http://www.dailyrecord.co.uk/sport/football/football-news/new-hope-hearts-lithuanian-administrator-3338926

[Weststandwanab]

I suppose he has to or football fans wont want them as administrators in future.Plenty more sharks in the IP sea

[QMU-1875]

Jackson from DR saying deal will be rubber stamped. Fact is that they will be saved and BDO have played a blinder, can't see anything else happening!

[Danderhall Hibs]

Jackson from DR saying deal will be rubber stamped. Fact is that they will be saved and BDO have played a blinder, can't see anything else happening!

If Jackson says it then it must be true.

[Ronniekirk]

Jackson from DR saying deal will be rubber stamped. Fact is that they will be saved and BDO have played a blinder, can't see anything else happening!

Well with all these different stories coming out we will just have to wait and see what is being said after the meeting on the 7th .Black Sabbath didn't happen and not taking for granted the big L will until it's official ,but Technical Details not being ironed out and incomplete paperwork not being ready to rubber stamp seem to the key that's holding back the green for go.

[matty_f]

If Jackson says it then it must be true.

That Lith gadgie said there'd be no problems last week. He's a wind-up merchant imho (pun intended).

[Weststandwanab]

Jackson from DR saying deal will be rubber stamped. Fact is that they will be saved and BDO have played a blinder, can't see anything else happening!
If the meeting goes ahead, if these two creditor banks change their minds about the £2.5m, if the Creditors rubber stamp the deal that would be major success.

Only then would they go to court and ask the Courts to unfreeze the shares which are part of an ongoing international Money Laundering case, exactly the same as Portsmouth with the same Administrators...........

Keep the faith.

[jakeshibs]

Here's Keith Jackson's article

http://www.dailyrecord.co.uk/sport/football/football-news/new-hope-hearts-lithuanian-administrator-3338926

so is that it then, they have survived? I was really looking forward to the satisfaction of the big L, I want them to suffer.

[GlasgowHibee]

There's hardly been a single mention of the supposed "Frozen" shares in any media outlet, is this the next obstacle for them to overcome after it's been rubber stamped?


:na na:

[dangermouse]

How long before they come up with a Plan B?

Rangers had it built in to the proposed CVA throughout.

Is it already too late to get a Newco up and running in time for election to League Two (or Lowlands League)?

Will there be competition (Shoeless Bob, Massone, Hibs-net?) for the purchase of the club name and identity by FoH from the the liquidator?

Applications to join the Lowland League closed yesterday. At lunchtime I was aware that seven clubs had submitted applications for the four remaining places. I don't know the names of the teams that applied but I do know that the Famous were not one of them :greengrin

[Jim44]

If the meeting goes ahead, if these two creditor banks change their minds about the £2.5m, if the Creditors rubber stamp the deal that would be major success.

Only then would they go to court and ask the Courts to unfreeze the shares which are part of an ongoing international Money Laundering case, exactly the same as Portsmouth with the same Administrators...........

Keep the faith.

What I can't understand is that all the references to their getting a result I've read, in the media or in quotes from Jackson et al, have centred on the result of creditors' meetings. Our thread for months has had 'frozen shares' in it's title and continuous reference here to this 'fact'. We seem to assume that the 'frozen shares' is a major impasse to solving their problem but their lack of concern about the 'temperature' of the shares is unimportant or maybe a minor inconvenience. According to the 'other side' it would appear that a 'yes' on Monday from the creditors is the end of their most serious concerns.

[robinp]

So lets look at Jacks-hun's article. There are no actual quotes from the administrator of either UKIO or Hearts. We have a BDO source and a spokesmen.

Take away all the padding and opinion from Jackson and this is what we have:

The PR man for the administrator says:

So, most probably, the deal will have a “‘yes’ on April 7

He also contradicts himself somewhat:

We could not speak in the name of UBIG but as far as we know every major creditor is set to approve the deal during the creditors’ meeting on April 7.

“Siauliu Bank is the biggest creditor of UBIG and it has some alternative opinion towards the deal, but there are no known obstacles at a moment.

So he also says we do not act in the case of UBIG but we heard all creditors are in agreement to it, except the biggest creditor who have an "alternative opinion" towards the deal on offer for the Hearts shares.

Doesn't sound too rosey in my mind, what about you?

This reminds me of the EEN/Scotsman story that the Vlad Bank building in St Andrew Square has been sold.....except there is nothing of sorts in the story at all and it's a totally misleading headline!! :agree:

Edit: here is the Scotsman Story with the misleading headline!:
Bank sold to pay ex-Hearts owner Romanov’s debts (http://www.edinburghnews.scotsman.com/news/bank-sold-to-pay-ex-hearts-owner-romanov-s-debts-1-3281497)

[Saorsa]

What I can't understand is that all the references to their getting a result I've read, in the media or in quotes from Jackson et al, have centred on the result of creditors' meetings. Our thread for months has had 'frozen shares' in it's title and continuous reference here to this 'fact'. We seem to assume that the 'frozen shares' is a major impasse to solving their problem but their lack of concern about the 'temperature' of the shares is unimportant or maybe a minor inconvenience. According to the 'other side' it would appear that a 'yes' on Monday from the creditors is the end of their most serious concerns.Read it all before in the papers and it's always turned out otherwise so I wouldnae panic. In the only other example of frozen shares in Lithuania the frozen shares still remain frozen in the Lithuanian legal process.

[haagsehibby]

To use Churchill's quote on Russia, the whole thing is "a riddle wrapped in a mystery inside an enigma" !!

[Keith_M]

Keith Jackson, two words to strike terror into the hearts of real journalists everywhere.


You do all know who wrote the "Craig Whyte, wealth off the radar" story don't you?


:hmmm:

[magpie1892]

Keith Jackson, two words to strike terror into the hearts of real journalists everywhere.


You do all know who wrote the "Craig Whyte, wealth off the radar" story don't you?


:hmmm:

Media House wrote it.

[Stonewall]

What I can't understand is that all the references to their getting a result I've read, in the media or in quotes from Jackson et al, have centred on the result of creditors' meetings. Our thread for months has had 'frozen shares' in it's title and continuous reference here to this 'fact'. We seem to assume that the 'frozen shares' is a major impasse to solving their problem but their lack of concern about the 'temperature' of the shares is unimportant or maybe a minor inconvenience. According to the 'other side' it would appear that a 'yes' on Monday from the creditors is the end of their most serious concerns.

The way I see it is that no-one on here actually knows whether unfreezing the shares is an issue or not. Assuming that our reading vis a vis the status of the shares is correct it seems strange to me that there has been no reference to the issue by BDO and no-one in the MSN has asked them the question. In these circumstances it would be a massive blow to BDO's professional reputation and credibility if they were to get the CVA agreed only for this issue to 'come out of the woodwork', apparently unforeseen, at the last minute and trigger the liquidation. What would BDO have to gain in a professional sense from doing this unless they had obtained credible advice from the Lithuanian side that it would not be an issue?

I don't know what conclusions to draw from this, I just don't get it.

[Elephant Stone]

http://videocelts.com/wp-content/uploads/2012/01/daily-record-1.JPG.jpg
http://news.bbcimg.co.uk/media/images/64879000/jpg/_64879191_craig_whyte_sns.jpg
http://www.scotzine.com/wp-content/uploads/2012/12/rip-rangers.jpg

[CropleyWasGod]

The way I see it is that no-one on here actually knows whether unfreezing the shares is an issue or not. Assuming that our reading vis a vis the status of the shares is correct it seems strange to me that there has been no reference to the issue by BDO and no-one in the MSN has asked them the question. In these circumstances it would be a massive blow to BDO's professional reputation and credibility if they were to get the CVA agreed only for this issue to 'come out of the woodwork', apparently unforeseen, at the last minute and trigger the liquidation. What would BDO have to gain in a professional sense from doing this unless they had obtained credible advice from the Lithuanian side that it would not be an issue?

I don't know what conclusions to draw from this, I just don't get it.

BJ has consistently said that getting the shares will be the hardest part of his job.

Hibs.net has consistently said that getting the CVA agreed and the share transfer agreed have to come first, before the Lithuanian Courts are approached.

As for the "no-one in the MSN has asked them the question."..... as has often been said, do they know which questions have to be asked? :rolleyes:

The question is not "unforeseen". It's there, and BDO know the answer. It just hasn't been asked by the MSM.

#Just Ask,Guys http://threedeevision.blogspot.co.uk/

[Waxy]

Applications to join the Lowland League closed yesterday. At lunchtime I was aware that seven clubs had submitted applications for the four remaining places. I don't know the names of the teams that applied but I do know that the Famous were not one of them :greengrin
When they go bust it will open up a new slot. I guess the newco Hurtz fc 1874 wil get first refusal. Is Saughton enclosure up to standard though?

[Mikey]

Fact is that they will be saved and BDO have played a blinder, can't see anything else happening!

Based on what?

[Keith_M]

Based on what?


He's a Hibby, it's based on years of being let down just when you think you're finally going to get what you wanted.

It's a natural pessimism ingrained into those of the green persuasion :wink:



Anyway, he's right, Hearts are going to be saved on Monday. Keith Jackson and Barry Anderson told me.

[God Petrie]

I'm getting bored of all this to be honest. Hurry up and die so I can get on with worrying about the only team in Edinburgh.

[Weststandwanab]

What I can't understand is that all the references to their getting a result I've read, in the media or in quotes from Jackson et al, have centred on the result of creditors' meetings. Our thread for months has had 'frozen shares' in it's title and continuous reference here to this 'fact'. We seem to assume that the 'frozen shares' is a major impasse to solving their problem but their lack of concern about the 'temperature' of the shares is unimportant or maybe a minor inconvenience. According to the 'other side' it would appear that a 'yes' on Monday from the creditors is the end of their most serious concerns. It was the reason why BJ and BDO could not get Portsmouth out with a C.V.A. and they then were Liquidated with the shares still frozen today.


Read it all before in the papers and it's always turned out otherwise so I wouldnae panic. In the only other example of frozen shares in Lithuania the frozen shares still remain frozen in the Lithuanian legal process. Exactly


Based on what? I agree once BJ signs the forms starting the big L.

[Ozyhibby]

BJ's strategy appears to be one of the following 3

A. Get a Yes on Monday, ask the fans to fund the club till season end.

B. Get a small delay of a week or so, ask the fans to fund the club till vote takes place and if positive till takeover.

C. Anything else, Liquidate.

Is that where we are at?

[Keith_M]

I have a genuine question for everybody that wants to see them liquidated and never re-appear.

We've beaten them 3 times in the last two seasons. Cast your minds back to those days and tell me, which other game, outside of Cup Finals, have you celebrated a win so much?


My feeling is that a lot of people want them to dissapear but genuinely haven't thought through what it actually means. I realise a lot of this is driven by people wanting Hearts to get their 'Just Desserts', or whatever, but there is a downside as well, even though most people don't admit it.


For one thing, what is Sergey/Bajillions/CWG, or whatever he's calling himself today, going to do with his time when this thread dissapears? :wink:

[CropleyWasGod]

I have a genuine question for everybody that wants to see them liquidated and never re-appear.

We've beaten them 3 times in the last two seasons. Cast your minds back to those days and tell me, which other game, outside of Cup Finals, have you celebrated a win so much?


My feeling is that a lot of people want them to dissapear but genuinely haven't thought through what it actually means. I realise a lot of this is driven by people wanting Hearts to get their 'Just Desserts', or whatever, but their is a downside as well, even though most people don't admit it.


For one thing, what is Sergey/Bajillions/CWG, or whatever he's calling himself today, going to do with his time when this thread dissapears? :wink:

You clearly have not been reading since Day 1 of TRFC-the Meltdown. My vocation as Ron Jeremy's fluffer will continue.

[Keith_M]

You clearly have not been reading since Day 1 of TRFC-the Meltdown. My vocation as Ron Jeremy's fluffer will continue.


Sorry, I forgot about that :greengrin

[Mikey]

They're not going to disappear. There were be a team calling itself Hearts and playing in maroon next season. It's just a matter of which league they're in and where they're playing their home games.

[Keith_M]

They're not going to disappear. There were be a team calling itself Hearts and playing in maroon next season. It's just a matter of which league they're in and where they're playing their home games.


That's me re-assured. So we get to laugh at them as they shout 'always in our shadow' at us from the bottom of League Two.


I'm OK with that, thanks Mikey.

[Saorsa]

They're not going to disappear. There were be a team calling itself Hearts and playing in maroon next season. It's just a matter of which league they're in and where they're playing their home games.and they will still smell the same. They may call themselves that just like the stickies pretend they are still the same club but we will ken different, they will be THE h****s and they winnae be allowed tae forget it.

[Stonewall]

BJ has consistently said that getting the shares will be the hardest part of his job.

Hibs.net has consistently said that getting the CVA agreed and the share transfer agreed have to come first, before the Lithuanian Courts are approached.

As for the "no-one in the MSN has asked them the question."..... as has often been said, do they know which questions have to be asked? :rolleyes:

The question is not "unforeseen". It's there, and BDO know the answer. It just hasn't been asked by the MSM.

#Just Ask,Guys http://threedeevision.blogspot.co.uk/

Thanks CWG - you have the patience of a saint. Lets face it we may not get as far as finding out whether the Lithuanian Courts will unfreeze the shares.

I do understand all this. I just don't see why BDO would drive straight at the wall and risk the damage to their reputation without being crystal clear about what issues face them and thus manage expectations, rather than vague statements about hurdles to be overcome. Hence my speculation that they might have reason to believe it not to be an issue.

I would be very surprised if some journalists were not following this thread carefully so I can't believe they're not aware of the issue. Maybe they've got plenty to write about at the moment and havegot their headlines about ‘Hearts being broken at the final hurdle by Lith courts bombshell’ on ice for a later date. It's a much better story, should it even get that far of course.

[JimBHibees]

Thanks CWG - you have the patience of a saint. Lets face it we may not get as far as finding out whether the Lithuanian Courts will unfreeze the shares.

I do understand all this. I just don't see why BDO would drive straight at the wall and risk the damage to their reputation without being crystal clear about what issues face them and thus manage expectations, rather than vague statements about hurdles to be overcome. Hence my speculation that they might have reason to believe it not to be an issue.

I would be very surprised if some journalists were not following this thread carefully so I can't believe they're not aware of the issue. Maybe they've got plenty to write about at the moment and havegot their headlines about ‘Hearts being broken at the final hurdle by Lith courts bombshell’ on ice for a later date. It's a much better story, should it even get that far of course.

Much easier to blame the Lithuanian legal process if they get Liquidised :greengrin rather than highlight to the masses things which may have discouraged them from putting the money in during the season.

[Weststandwanab]

BJ's strategy appears to be one of the following 3

A. Get a Yes on Monday, ask the fans to fund the club till season end.

B. Get a small delay of a week or so, ask the fans to fund the club till vote takes place and if positive till takeover.

C. Anything else, Liquidate.

Is that where we are at?

B) is not possible in my opinion

Come Monday afternoon it will be a) or c) after the last league game


I have a genuine question for everybody that wants to see them liquidated and never re-appear.

We've beaten them 3 times in the last two seasons. Cast your minds back to those days and tell me, which other game, outside of Cup Finals, have you celebrated a win so much?


My feeling is that a lot of people want them to dissapear but genuinely haven't thought through what it actually means. I realise a lot of this is driven by people wanting Hearts to get their 'Just Desserts', or whatever, but there is a downside as well, even though most people don't admit it.


For one thing, what is Sergey/Bajillions/CWG, or whatever he's calling himself today, going to do with his time when this thread dissapears? :wink: Semi last season


They're not going to disappear. There were be a team calling itself Hearts and playing in maroon next season. It's just a matter of which league they're in and where they're playing their home games. Correct.


and they will still smell the same. They may call themselves that just like the stickies pretend they are still the same club but we will ken different, they will be THE Newco h****s and they winnae be allowed tae forget it. Fixed that for you

[green glory]

Just checked google maps and you can see it there.... The picture is watermarked 2013! Obviously a trustworthy individual who wouldn't dream of stating inaccuracies regarding what creditors will get via the liquidation scenario!

His team are going bust and he's getting sacked in September. No wonder he's got the jitters.

[Winston Ingram]

We should start registering potential names for them at companies house:greengrin

[CropleyWasGod]

Much easier to blame the Lithuanian legal process if they get Liquidised :greengrin rather than highlight to the masses things which may have discouraged them from putting the money in during the season.

Agree with that.

Had BJ said last year "we've no chance of getting the shares", they would have shut the doors by now. Instead, by saying what he did, he increased his chances of actually succeeding.

[Danderhall Hibs]

Agree with that.

Had BJ said last year "we've no chance of getting the shares", they would have shut the doors by now. Instead, by saying what he did, he increased his chances of actually succeeding.

Bryan "Bajillions" Jackson was on the radio last night and said they had an agreement on the shares that needs ratified on Monday. Made it sound like a done deal, albeit he said it in a very downbeat way.

[Ozyhibby]

Bryan "Bajillions" Jackson was on the radio last night and said they had an agreement on the shares that needs ratified on Monday. Made it sound like a done deal, albeit he said it in a very downbeat way.

That true. He does have an agreement. The ratification seems to be the problem.

[hibsmad]

They're not going to disappear. There were be a team calling itself Hearts and playing in maroon next season. It's just a matter of which league they're in and where they're playing their home games.

:agree:

If I am being completely honest then I don't think I do want them to totally disappear.

What I want is for them to be liquidated, Tynecastle to be demolished, every player they had with an ounce of ability to secure a contract elsewhere, them to start again in as low a league possible, playing their home matches at Livingston (paying more rent than they really should be), in front of a couple of thousand fans, while having to make do with whatever dross they have been left with.

I then want them to continue in this vain for a number of years and really, REALLY suffer.

This scenario would make me happy.

[SurferRosa]

I wonder why this Adomonis character seems to be going above and beyond the call of duty to assist Hearts. He seems determined to force this agreement through.

[Ozyhibby]

:agree:

If I am being completely honest then I don't think I do want them to totally disappear.

What I want is for them to be liquidated, Tynecastle to be demolished, every player they had with an ounce of ability to secure a contract elsewhere, them to start again in as low a league possible, playing their home matches at Livingston (paying more rent than they really should be), in front of a couple of thousand fans, while having to make do with whatever dross they have been left with.

I then want them to continue in this vain for a number of years and really, REALLY suffer.

This scenario would make me happy.

That's exactly where I'm at.
:-)

[CropleyWasGod]

I wonder why this Adomonis character seems to be going above and beyond the call of duty to assist Hearts. He seems determined to force this agreement through.

Three possible reasons:-

1. it's more work for him if it goes to liquidation.

2. he may genuinley believe that the CVA is the best deal for him.

3. as has been hinted at on here, politics among him, UKIO, UBIG and their admins, and SB.

[KdyHby]

B)

Originally Posted by Desperate Dan:
and they will still smell the same. They may call themselves that just like the stickies pretend they are still the same club but we will ken different, they will be THE Newo h****s and they winnae be allowed tae forget it.


Fixed that for you

New H****s, still thieving c's.....

[Keith_M]

In the first SEVENTEEN years of my life, Hearts beat Hibs FOUR times in THIRTY ONE games.


No, you didn't misread that. From February 1966 to February 1983 (to give only complete years), they won four games against Hibs, in all competitions.


All I ask for is for them to go back to that era, before Mercer, Robinson and Vlad engaged in the spending spree that go them to where they are now.

Is that too much to ask for?

[Waxy]

I wonder why this Adomonis character seems to be going above and beyond the call of duty to assist Hearts. He seems determined to force this agreement through.
Cash incentive?

[GreenLake]

:agree:

If I am being completely honest then I don't think I do want them to totally disappear.

What I want is for them to be liquidated, Tynecastle to be demolished, every player they had with an ounce of ability to secure a contract elsewhere, them to start again in as low a league possible, playing their home matches at Livingston (paying more rent than they really should be), in front of a couple of thousand fans, while having to make do with whatever dross they have been left with.

I then want them to continue in this vain for a number of years and really, REALLY suffer.

This scenario would make me happy.

It would be nice if a new generation of fans would rise up and support a rebuilding of their club. A group of supporters with integrity and honesty who would become respectable rivals who would like to compete with the big team on financial fair play levels. They would sing about their short history and hold their scarves straight out above their heads like men instead of twirling them like girlies. Good luck to them I say.:greengrin

[GreenLake]

Cash incentive?

I don't think they have much of a precedent for that.

http://www.lithuaniatribune.com/44064/despite-a-decrease-lithuania-remains-the-eu-bribery-leader-201344064/

[sleeping giant]

Bryan "Bajillions" Jackson was on the radio last night and said they had an agreement on the shares that needs ratified on Monday. Made it sound like a done deal, albeit he said it in a very downbeat way.


Do you seriously think that Bryan Jackson is Bajillions ?

How on earth would BJ have the time to post on this thread ?
Cannae see it myself !

[MrSmith]

In my humble uneducated opinion, I believe they will be liquidated to ensure the brand is protected and I also think they will play at Tynecastle next season. Simply because what is the point having a sports ground (said with tongue firmly in cheek) lying unused in the city centre? I think the Lith admin will rent it back to them until it is sold. I'm sure there will be a lot of prep to be done before any decision is made therefore better making something than not on the thing!

[seanshow]

In the first SEVENTEEN years of my life, Hearts beat Hibs FOUR times in THIRTY ONE games.


No, you didn't misread that. From February 1966 to February 1983 (to give only complete years), they won four games against Hibs, in all competitions.


All I ask for is for them to go back to that era, before Mercer, Robinson and Vlad engaged in the spending spree that go them to where they are now.

Is that too much to ask for?

Great point bud :aok:


I have older hibbies reminding me the same, when we use to beat them all the time.
It's long overdue for a turnaround, in fact domination should have started last season and this season, if our players were even half competent. :cb

[silverhibee]

I have a genuine question for everybody that wants to see them liquidated and never re-appear.

We've beaten them 3 times in the last two seasons. Cast your minds back to those days and tell me, which other game, outside of Cup Finals, have you celebrated a win so much?


My feeling is that a lot of people want them to dissapear but genuinely haven't thought through what it actually means. I realise a lot of this is driven by people wanting Hearts to get their 'Just Desserts', or whatever, but there is a downside as well, even though most people don't admit it.


For one thing, what is Sergey/Bajillions/CWG, or whatever he's calling himself today, going to do with his time when this thread dissapears? :wink:


They hate us wee hate them, let them disappear of the face of the earth so wee can have the biggest party Leith has ever seen.

And all it means is there won't be a derby game anymore, i can live with that.

[Joe6-2]

They hate us wee hate them, let them disappear of the face of the earth so wee can have the biggest party Leith has ever seen.

And all it means is there won't be a derby game anymore, i can live with that.

Hear hear!!

[CropleyWasGod]

In my humble uneducated opinion, I believe they will be liquidated to ensure the brand is protected and I also think they will play at Tynecastle next season. Simply because what is the point having a sports ground (said with tongue firmly in cheek) lying unused in the city centre? I think the Lith admin will rent it back to them until it is sold. I'm sure there will be a lot of prep to be done before any decision is made therefore better making something than not on the thing!

S'not possible.

[Alfred E Newman]

Great point bud :aok:


I have older hibbies reminding me the same, when we use to beat them all the time.
It's long overdue for a turnaround, in fact domination should have started last season and this season, if our players were even half competent. :cb

Another thing people forget is we only played them twice a season pre 1975. Our win ratio would have been much higher.
Those were great times and unlike now the mental block wasn't there and we expected to win every time we played them.

[Dashing Bob S]

They're not going to disappear. There were be a team calling itself Hearts and playing in maroon next season. It's just a matter of which league they're in and where they're playing their home games.

On the personnel front they might also have to dispense with the services of World Cup stars.

[Waxy]

If it weren't for the cup final penalty,Leigh's goal of the season not given when two foot over the line and sundays onside by over a yard goal given offside i'd say keep it. But it's very clear now we are fighing against more than just a mingy wee turd coloured club. We're fighting corruption. So i hope the next derby is the last ever.

[greenpaper55]

In the first SEVENTEEN years of my life, Hearts beat Hibs FOUR times in THIRTY ONE games.


No, you didn't misread that. From February 1966 to February 1983 (to give only complete years), they won four games against Hibs, in all competitions.


All I ask for is for them to go back to that era, before Mercer, Robinson and Vlad engaged in the spending spree that go them to where they are now.

Is that too much to ask for?

They hated playing us and i want to get back to these days, we now have a level playing field as regards spending power not counting the other 390,000 fans of course ! so lets put them firmly in their place again.

[GreenLake]

Another thing people forget is we only played them twice a season pre 1975. Our win ratio would have been much higher.
Those were great times and unlike now the mental block wasn't there and we expected to win every time we played them.

They will be worse than that 70's Hearts team next season but unfortunately for us, our team is not going to dominate them like back then because our guys will be unlikely to play at the level of the Hibs 70's team.

[Dashing Bob S]

They will be worse than that 70's Hearts team next season but unfortunately for us, our team is not going to dominate them like back then because our guys will be unlikely to play at the level of the Hibs 70's team.

A more practical issue is that we aren't going have a chance to beat them for years (unless we draw them in the cups) as we'll be in different leagues.

[GloryGlory]

On the personnel front they might also have to dispense with the services of World Cup stars.

Shame that! :greengrin

Never mind, though - they can still fill their 51,000 seater superstadium every match from the 400,000,000,000,000,000,000,000 fan base. :greengrin

[MrSmith]

S'not possible.

Why not? I'm intrigued :)

[Seveno]

Thanks CWG - you have the patience of a saint. Lets face it we may not get as far as finding out whether the Lithuanian Courts will unfreeze the shares.

I do understand all this. I just don't see why BDO would drive straight at the wall and risk the damage to their reputation without being crystal clear about what issues face them and thus manage expectations, rather than vague statements about hurdles to be overcome. Hence my speculation that they might have reason to believe it not to be an issue.

I would be very surprised if some journalists were not following this thread carefully so I can't believe they're not aware of the issue. Maybe they've got plenty to write about at the moment and havegot their headlines about ‘Hearts being broken at the final hurdle by Lith courts bombshell’ on ice for a later date. It's a much better story, should it even get that far of course.

I think that Jackson and the MSM cover the frozen shares issue under the general heading of 'having to get the courts to rubber stamp the deal'. They just omit to explain why this is necessary and thus avoid having to explain why it is unlikely to happen.

[Oscar T Grouch]

Why not? I'm intrigued :)

To save CWG doing it again, and I night be wrong, HMFC own swine castle if they liquidate it goes on general sale, if they don't liquidate it remains an asset of HMFC, the admins will never "own" it to rent it back to them:confused: I think thats they way it is anyways.:greengrin

[Dashing Bob S]

I think that Jackson and the MSM cover the frozen shares issue under the general heading of 'having to get the courts to rubber stamp the deal'. They just omit to explain why this is necessary and thus avoid having to explain why it is unlikely to happen.

Yes, the reason being that the stamp is rubber, so it can also stretch to encompass other issues. I even see it as having a role in the liquidation sale and the disposal of assets, including the PBS. Therefore it has survived, whereas the green light seems to have gone.

[CropleyWasGod]

Why not? I'm intrigued :)

The UKIO admin wouldn't buy the PBS. His job is to get cash for his creditors, not to take on new assets.

Remember that the PBS is owned by HMFC, and would remain so in a liquidation, despite the security over it. UKIO, as security holder, would get a fair chunk of the selling price, but they wouldn't own it.

[MrSmith]

The UKIO admin wouldn't buy the PBS. His job is to get cash for his creditors, not to take on new assets.

Remember that the PBS is owned by HMFC, and would remain so in a liquidation, despite the security over it. UKIO, as security holder, would get a fair chunk of the selling price, but they wouldn't own it.

Ah I see but would that mean they could rent back to themselves then? ;) carrying on a theme ... :cb

[CropleyWasGod]

To save CWG doing it again, and I night be wrong, HMFC own swine castle if they liquidate it goes on general sale, if they don't liquidate it remains an asset of HMFC, the admins will never "own" it to rent it back to them:confused: I think thats they way it is anyways.:greengrin

Ahhhh.... my job here is done.....

:greengrin

[Mikey]

Ahhhh.... my job here is done.....

:greengrin

Hold it, you can't go until BDO have sold a couple of players to pay their fees :tsk tsk:

[Gordy M]

I apologise in advance if this is old ground, but if we assume the shares are frozen, would that stop the £2.5 millin being paid to ukio? If it would, why wouldnt ukio/ubig not just reject the cva and therefore take the proceeds of a liquidation sale? Or would the 2.5 mill be paid irrrespective of the shares being released from the court?

[AinsterHibs]

Hold it, you can't go until BDO have sold a couple of players to pay their fees :tsk tsk:

Lol....:tbgwa:

[Coco Bryce]

Do you seriously think that Bryan Jackson is Bajillions ?

How on earth would BJ have the time to post on this thread ?
Cannae see it myself !

:coffee:

[Keith_M]

Another thing people forget is we only played them twice a season pre 1975. Our win ratio would have been much higher.
Those were great times and unlike now the mental block wasn't there and we expected to win every time we played them.


Added to the fact that for five whole seasons, we didn't play each other at all. Four of them being Hearts in a lower league and one for us.

[Big Frank]

They hate us wee hate them, let them disappear of the face of the earth so wee can have the biggest party Leith has ever seen.

And all it means is there won't be a derby game anymore, i can live with that.

hurrah!

:top marks:hibees:flag::flag:

[Winston Ingram]

If it weren't for the cup final penalty,Leigh's goal of the season not given when two foot over the line and sundays onside by over a yard goal given offside i'd say keep it. But it's very clear now we are fighing against more than just a mingy wee turd coloured club. We're fighting corruption. So i hope the next derby is the last ever.

You sound like a a jambo

[Leith Mo]

If (I pray to God) Aberdeen manage to do what we couldn't do on Sunday and finally nail those Sc.. tonight, is there anything to stop an appeal to the puddle drinkers to buy season tickets (on the assumption of playing in the Wee League next season) in a last gasp effort to get the funds to see them through the close season?

This might get them the time they need but should not be given? SEND THEM DOWN (To the inner circle of Hell from whence they came).

[Keith_M]

..... is there anything to stop an appeal to the puddle drinkers to buy season tickets (.......) in a last gasp effort to get the funds to see them through the close season?.


This has been done to death already but...


Yes.


They can't sell Season Tickets, BDO have already admitted as much.

[CB_NO3]

This has been done to death already but...


Yes.


They can't sell Season Tickets, BDO have already admitted as much.
I think they could but they wont. It would ruin the business plan that Budge and the FOH set up, but there is nothing to stop them selling 1000 season tickets tomorrow.

[21.05.2016]

Do I want them gone? Abso-****ing-lutely! Yes, i'll miss the derby, it's a great atmostphere and when we beat them its feels oh so good wiping the smug grins off their faces. However, thats just it, they are smug, arrogant, deluded morons far too indulged in there own self importance and think they are far bigger than they actually are. The reality is though that through the finacial doping (cheating) these fantasies have been fuelled, hense why the morons all danced away merrily in Vlad fantasy world whilst everyone else could see it was a complete disaster in the making. Well they've had their fun and their ill-gotten cheated bits of glory along the way but now it's time to pay for it! Hearts fans can play the "we are the poor wee victims" card all they like but the reality is, they ignored the dangers because they were too busy sucking up the glory and playing the "we are a big super club" routine.

Horrible, immoral, corrupt scabby little organisation that don't desereve to be let off. Many people, small businesses and even charities! have been ripped off just so that lot can give it the big un'. They've cheated every other club in the league living within their means. Their nasty wee club doesn't deserve to be here anymore. There deluded, arrogant fans wont be so smug then.

[CropleyWasGod]

Hold it, you can't go until BDO have sold a couple of players to pay their fees :tsk tsk:

What about ma fees????

Oh, right, they're selling Billy Brown for that.... I get you.:rolleyes:

[Geo_1875]

Do I want them gone? Abso-****ing-lutely! Yes, i'll miss the derby, it's a great atmostphere and when we beat them its feels oh so good wiping the smug grins off their faces. However, thats just it, they are smug, arrogant, deluded morons far too indulged in there own self importance and think they are far bigger than they actually are. The reality is though that through the finacial doping (cheating) these fantasies have been fuelled, hense why the morons all danced away merrily in Vlad fantasy world whilst everyone else could see it was a complete disaster in the making. Well they've had their fun and their ill-gotten cheated bits of glory along the way but now it's time to pay for it! Hearts fans can play the "we are the poor wee victims" card all they like but the reality is, they ignored the dangers because they were too busy sucking up the glory and playing the "we are a big super club" routine.

Horrible, immoral, corrupt scabby little organisation that don't desereve to be let off. Many people, small businesses and even charities! have been ripped off just so that lot can give it the big un'. They've cheated every other club in the league living within their means. Their nasty wee club doesn't deserve to be here anymore. There deluded, arrogant fans wont be so smug then.

I agree.

[Leith Mo]

I think they could but they wont. It would ruin the business plan that Budge and the FOH set up, but there is nothing to stop them selling 1000 season tickets tomorrow.

I concur!

I thought the understanding was they wouldn't sell season tickets as they could not guarantee which league they would be playing in (ie when they deluded ones thought they could even escape relegation) although of course the real reason was not to damage the Save Hearts In Trouble "business plan".

Now it is 99.9% accepted by even their most deluded cretin that they are doomed, is there any actual legal impediment to prevent the sale of season tickets for the Championship? (Not that the law matters to them).

[hibseleven]

Jamie Borthwick ‏@jamiekborthwick 45m (https://twitter.com/jamiekborthwick/status/451331415805009921) It's positive noise from Ukio and UBIG's admins and it is hoped that Siauliu have been persuaded to vote in favour too. But no guarantees.


seen this on twitter

[Geo_1875]

I concur!

I thought the understanding was they wouldn't sell season tickets as they could not guarantee which league they would be playing in (ie when they deluded ones thought they could even escape relegation) although of course the real reason was not to damage the Save Hearts In Trouble "business plan".

Now it is 99.9% accepted by even their most deluded cretin that they are doomed, is there any actual legal impediment to prevent the sale of season tickets for the Championship? (Not that the law matters to them).

But surely they can't create more creditors while in administration?

[Just Alf]

But surely they can't create more creditors while in administration?

Basically correct.

BJ said that IF they were to go down that route the terms and conditions would need changed.... Effectively making any money handed over a donation. The complexities in getting all that sorted have apparently ruled it out as an idea.

[The_Todd]

Jamie Borthwick ‏@jamiekborthwick 45m (https://twitter.com/jamiekborthwick/status/451331415805009921) It's positive noise from Ukio and UBIG's admins and it is hoped that Siauliu have been persuaded to vote in favour too. But no guarantees.


seen this on twitter

He also then went on to say this though:

Jamie Borthwick ‏@jamiekborthwick (https://twitter.com/jamiekborthwick) 48m (https://twitter.com/jamiekborthwick/status/451331833490571264) My feeling is the problem is mostly going to be another delay. That's as good as a rejection as liquidation is very likely in that scenario.

[brog]

Jamie Borthwick ‏@jamiekborthwick 45m (https://twitter.com/jamiekborthwick/status/451331415805009921) It's positive noise from Ukio and UBIG's admins and it is hoped that Siauliu have been persuaded to vote in favour too. But no guarantees.


seen this on twitter

He's only regurgitating Jackson's article from today's DR. Continuing the fine standard of journalism displayed by these clowns throughout this saga!

[JimBHibees]

I kind of sense a bit of brinkmanship from the PBS crew and wouldnt be surprised if they were overstating how close to Liquidation they actually are e.g having more money than they are saying.

[hibseleven]

He also then went on to say this though:

Jamie Borthwick ‏@jamiekborthwick (https://twitter.com/jamiekborthwick) 48m (https://twitter.com/jamiekborthwick/status/451331833490571264) My feeling is the problem is mostly going to be another delay. That's as good as a rejection as liquidation is very likely in that scenario.

I don't follow him mate, just a ****bo I know retweeted it.

[21.05.2016]

I kind of sense a bit of brinkmanship from the PBS crew and wouldnt be surprised if they were overstating how close to Liquidation they actually are e.g having more money than they are saying.

I was saying this aswell yesterday after the news report on them came on. Wouldn't be the first time they have lied.

[Dashing Bob S]

I was saying this aswell yesterday after the news report on them came on. Wouldn't be the first time they have lied.

When? When have Hearts ever lied about anything? Come on!



(Two world cup stars...)

[CropleyWasGod]

I kind of sense a bit of brinkmanship from the PBS crew and wouldnt be surprised if they were overstating how close to Liquidation they actually are e.g having more money than they are saying.

BJ is an accountant, therefore very cautious. When he said "the end of March", my instinct was to think "the end of the season".

You'll rarely see an accountant in a bookie's.

Oh, wait....http://www.dailymail.co.uk/news/article-2594254/KPMG-director-earning-100-000-falsely-claimed-45-000-expenses-fund-gambling-addiction.html

[jgl07]

S'not possible.
But it is possible that a property developer could buy Tynecastle and rent it to 'The Hearts' on a short-term basis while planning permission and building regulation issues were sorted out.

I think that Tynecastle would be a millstone around the necks of any Hearts Newco starting at the bottom. The running costs and maintenance on the old stand would be horrendous. It is not worth spending the sort of money that is needed to keep it as a SPFL ground. The pitch is too small. Even the 'new' stands are looking very seedy now. It is 'not fit for purpose as the Pieman pointed out ten years ago.

They would be better off renting Livingston's ground and then looking for a new ground.

[jgl07]

BJ is an accountant, therefore very cautious. When he said "the end of March", my instinct was to think "the end of the season".

You'll rarely see an accountant in a bookie's.

Oh, wait....http://www.dailymail.co.uk/news/article-2594254/KPMG-director-earning-100-000-falsely-claimed-45-000-expenses-fund-gambling-addiction.html
You find 'Turf Accountants' in bookies all the time.

[CropleyWasGod]

But it is possible that a property developer could buy Tynecastle and rent it to 'The Hearts' on a short-term basis while planning permission and building regulation issues were sorted out.

.

Don't see a problem with that.

Oh, and Turf Accountants.... another phrase that has fallen into a black hole, sadly. Along with Victual Dealers, and Hibs' winning run.

[Ozyhibby]

But it is possible that a property developer could buy Tynecastle and rent it to 'The Hearts' on a short-term basis while planning permission and building regulation issues were sorted out.

I think that Tynecastle would be a millstone around the necks of any Hearts Newco starting at the bottom. The running costs and maintenance on the old stand would be horrendous. It is not worth spending the sort of money that is needed to keep it as a SPFL ground. The pitch is too small. Even the 'new' stands are looking very seedy now. It is 'not fit for purpose as the Pieman pointed out ten years ago.

They would be better off renting Livingston's ground and then looking for a new ground.

By the time you bought land and built it, you are looking at £20-30m.
There is no way a newco Hearts could do that. Once they start renting that's it for them.

[21.05.2016]

When? When have Hearts ever lied about anything? Come on!



(Two world cup stars...)

Your right, such an honest and moral club they are. Must just be me feeling jealous after sitting in that brand new, multi-plex 40,000 seater stadium on sunday :boo hoo:

[Kato]

By the time you bought land and built it, you are looking at £20-30m.
There is no way a newco Hearts could do that. Once they start renting that's it for them.

I'm sure the Council will have skimmed enough from the Tram Project to cover that.

[Ozyhibby]

The yams have moved on to discussing what league they want their new club to play in next year. Current favourite is the English leagues.
:-)

http://www.hmfckickback.co.uk/index.php?/topic/138663-worrying-news-from-lithuania/page__st__1100#entry4117664

[Aldo]

They hate us wee hate them, let them disappear of the face of the earth so wee can have the biggest party Leith has ever seen. And all it means is there won't be a derby game anymore, i can live with that.

This.

[jdships]

The yams have moved on to discussing what league they want their new club to play in next year. Current favourite is the English leagues.
:-)

http://www.hmfckickback.co.uk/index.php?/topic/138663-worrying-news-from-lithuania/page__st__1100#entry4117664


Love this one YESSSSSSSS !!

" I truly hope Monday goes well , but should it not I wonder if we could apply to join the bottom leagues in England as Scottish football is Rooked? It might take us years to get into the 2nd division through regional leagues but let's be honest it will be a new club and my feelings following Hearts in Scotland whatever the name will be diminished slightly .

I think we should apply to join the Moroccan league. That way we can get a great sun-tan too "

[Dashing Bob S]

The yams have moved on to discussing what league they want their new club to play in next year. Current favourite is the English leagues.
:-)

http://www.hmfckickback.co.uk/index.php?/topic/138663-worrying-news-from-lithuania/page__st__1100#entry4117664

Kickback is such fun these days. Still short of the full Jambo Civil War I crave (that will come) but the open skirmishes are certainly being fired!

[Brunswickbill]

But it is possible that a property developer could buy Tynecastle and rent it to 'The Hearts' on a short-term basis while planning permission and building regulation issues were sorted out.

I think that Tynecastle would be a millstone around the necks of any Hearts Newco starting at the bottom. The running costs and maintenance on the old stand would be horrendous. It is not worth spending the sort of money that is needed to keep it as a SPFL ground. The pitch is too small. Even the 'new' stands are looking very seedy now. It is 'not fit for purpose as the Pieman pointed out ten years ago.

They would be better off renting Livingston's ground and then looking for a new ground.

As CWG says, it is possible for someone to buy the ground and rent it back to the yams, but I don't think that paying an economic rent on the PBS is part of their business plan. Although they own the stadium they are , so far as I understand, in reality squatters, as it is mortgaged and they don't pay anything towards the mortgage. If this was a house it would have repossessed long ago. It would need a sugar daddy or mommy to buy it and let them live rent free.

I wonder whether the distillers next door who have bought the school are doing a bit of land assembly with a view to moving their existing premises and selling a larger site including PBS for housing, same as S&N did with the brewery in Fountainbridge

[Ryan91]

A few Jambos who happen to be in my college class still believe that they're just going into the championship. Which is odd as they're normally quite sensible (despite their Yammish leanings), think the derby win has gone to their head somewhat. Ah well, I look forward to the moment when I can turn around to them with a smug grin upon my face and say "I told you so"