Share Transfers Agreed/Cooling off period

[hibsmum]

name and shame

Mr Chisholm!

[EdinMike]

I don't want to be a party pooper but how do we know they haven't paid their first installment? It's not as if they will be getting interest on it up to last minute. Given their perilous position you would expect them to show themselves in a good light with Hector.......... unless the proceeds from the bring and buy sales were exaggerated.

Just as I was about to say, Yes they probably will shout it from the cowshed. But how do we know they haven't paid it yet.

We can only sit and wait. And we all know what comes to people who wait... :party:

[le bill]

I hear a very good friend of mine has just signed up also..............

Mr Roger R. Amjet


Rogers Arch Enemy is this man.............


NOODLES ROMANOFF!



Coincidence or what?

:wink:

[poolman]

Mr V. Ripemoff has signed up. :cb


So has Mr G. Ullible :cb

[Juice-Terry]

I've been told Mr F. Uckoff is close to signing up as well.

[HUTCHYHIBBY]

http://www.bbc.co.uk/news/uk-scotland-edinburgh-east-fife-20316851

Spotted this guy wandering towards the Hearts Office earlier.

[ulises_trotter]

Am i being silly but what has to be paid today?
I thought there was an extension??

[Hibercelona]

I know everyone on here is above winding up and wasting the time of our sadly struggling neighbours accross the city so serious responces here only please

http://www.foundationofhearts.org/create-history/

Mr Hugh G Rection has just signed up and intends to be very generous to hearts!

Signed by "Ellota Dixon Heather". :aok:

[matty_f]

Am i being silly but what has to be paid today?
I thought there was an extension??

It had to be paid in two instalments, which I think were one today, and the other at the start of December.

[green glory]

I might be wrong but the 'Foundation of Hearts' looks to me to be a group if people with whom the penny has dropped.

[WindyMiller]

Am i being silly but what has to be paid today?
I thought there was an extension??


The first part of the outstanding debt.

[Phil D. Rolls]

I had my doubts until I read this -


Full financial information will be provided to fans before any requests for contributions are sought.

I think I can spare £100 a month.:wink:

[robinp]

Am i being silly but what has to be paid today?
I thought there was an extension??

There was an extension agreed, subject to various payments being made, including the current bill along with the bills for November and December being settled on time.

[ulises_trotter]

okay, just i haven't seen anywhere that half was due today.
In all the reports on the agreement, only says that it was to be settled by 3 december.

[le bill]

Rogers Arch Enemy is this man.............


NOODLES ROMANOFF!



Coincidence or what?

:wink:


UNCANNY RESEMBLANCE!


http://thmb.inkfrog.com/thumbn/getshirtey/NOODLES_ROMANOFF_2.JPG=500

[ionahibby]

Yam friend of mine saying that nothing actually has to be paid today. HMRC agreed that as long as both halves of amount paid by dec 3rd there is no issue. Is this correct?

[ulises_trotter]

Yam friend of mine saying that nothing actually has to be paid today. HMRC agreed that as long as both halves of amount paid by dec 3rd there is no issue. Is this correct?

that was my understanding also

[marti1875]

okay, just i haven't seen anywhere that half was due today.
In all the reports on the agreement, only says that it was to be settled by 3 december.

:agree: I think you're right as i don't recall reading anything that any instalment had to be paid TODAY.
All i saw was that there was an agreement/extension and it was, as you say to be paid in full by the 3rd Dec....

Hopefully we're completely wrong though and a payment is/was due today and it doesn't get paid but the silence is deafening.......:confused:

[Emerald]

:agree: I think you're right as i don't recall reading anything that any instalment had to be paid TODAY.
All i saw was that there was an agreement/extension and it was, as you say to be paid in full by the 3rd Dec....

Hopefully we're completely wrong though and a payment is/was due today and it doesn't get paid but the silence is deafening.......:confused:

I've just driven passed the PBS and unlike other days this week, there are no TV vans sitting outside. If there was any chance of them defaulting today I'm sure the press would have been swarming all over the place. :agree:

[hibees 7062]

Ritchard Puller promises to be very generous.....:greengrin

His brother Wullies pulled out

[HFC 0-7]

Yam friend of mine saying that nothing actually has to be paid today. HMRC agreed that as long as both halves of amount paid by dec 3rd there is no issue. Is this correct?

What would be the point in splitting the amount owed into 2 if its all due on the same date?

[EdinMike]

"The deadline was this Friday, but a new settlement date of 3 December has been set, providing tax for November and December is paid on time."

This is badly worded. So really the November tax has to be paid for this agreement to go ahead. Now if anyone more savvy than me can name what date the November tax has to be paid.

That ! Is the date we should look out for. And It if happens to be today or tomorrow then happy days !

[CropleyWasGod]

"The deadline was this Friday, but a new settlement date of 3 December has been set, providing tax for November and December is paid on time."

This is badly worded. So really the November tax has to be paid for this agreement to go ahead. Now if anyone more savvy than me can name what date November tax has to be paid.

That ! Is the date we should look out for. And It if happens to be today or tomorrow then happy days !

PAYE and NI for November pay is due for payment by 22 December.

[EdinMike]

PAYE and NI for November pay is due for payment by 22 December.

Soooo they have to pay the whole outstanding £450,000 bill they already owe on the 3rd of December then pay their November PAYE and NI on the 22nd of December...

Can they not just give up and save me the headache...

[WindyMiller]

From the Scotsman..........

HEARTS were last night granted a crucial stay of execution in their bid to stave off the threat of liquidation but now have just three weeks of breathing space to pay their overdue tax bill.
With some highly-paid first-team players agreeing to defer their November wages, due to be received on Friday, a deal was struck with Her Majesty’s Revenue and Customs to make staged payments of the £450,000 of unpaid PAYE, National Insurance and VAT.
Despite stark warnings made by director Sergejus Fedotovas last week following the launch of a shares issue and the subsequent emergence of the HMRC-induced winding-up order, the agreement means that Saturday’s home match against
St Mirren will not be the last in the club’s history.
The troubled Tynecastle side now have until 2 December – a day after their Scottish Cup tie with city rivals Hibs – to settle their bill of £449,692.04 and have been warned they must pay the tax due on November’s and December’s wages on time.

[s.a.m]

Dear Bill

You have been my bank manager now for 8 years, when on that glorious day you walked into my life and offered me £100 to switch my bank account to your company. Compared to my last bank manager you are a saint and will forever be worshipped in our house.
Unfortunately in the last few months, what will all the threatening letters and court summons I have been receiving, I feel our relationship has come to an impasse and I think it would be better if we parted company in the most amicable way, for the good of both of our reputations.

So if you would kindly clear my overdraft and loans that I am due your bank I will happily hand over the £100 you gave me to join you in the first place, we can both move on with our heads held high.

I still love you for what you done for me.

All the best

A Punter



Do you think this will work if I send it to my bank manager??:wink:

:greengrin

[Jim44]

"The deadline was this Friday, but a new settlement date of 3 December has been set, providing tax for November and December is paid on time."

This is badly worded. So really the November tax has to be paid for this agreement to go ahead. Now if anyone more savvy than me can name what date the November tax has to be paid.

That ! Is the date we should look out for. And It if happens to be today or tomorrow then happy days !


There's something odd here. How can the new settlement date be Dec 3rd if the November tax doesn't have to be paid till later on in December?

[Hibs07p]

I believe Mr Walter Mitty has just pledged £100 PM.

GGTTH

[Golden Bear]

Another member of the consortium has now been revealed.

http://www.bbc.co.uk/news/uk-scotland-edinburgh-east-fife-20316851

[hibsbollah]

Another member of the consortium has now been revealed.

http://www.bbc.co.uk/news/uk-scotland-edinburgh-east-fife-20316851

:tsk tsk:
The Good Giraffe is a legend. Don't be labelling him a yam, I swear I'll do time :grr:

[Onceinawhile]

PAYE and NI for November pay is due for payment by 22 December.

You're assuming they pay electronically! (I'm sure they do tbf!)

Is it possible that the statement means the NICS due in November and December , rather than November and December's NIC, as that is how I read it.

It would also be good to find out more about the wages being deferred as Nic is due for the period duties are performed, not when the payments are made if I remember correctly.

[Dave-O]

Another member of the consortium has now been revealed.

http://www.bbc.co.uk/news/uk-scotland-edinburgh-east-fife-20316851

Belter....:tee hee:

[The Falcon]

PAYE and NI for November pay is due for payment by 22 December.

Are the PAYE and NI contributions from Octobers wages not due on the 22nd of this month and will that payment not come under payments that are due that will be required to met under the terms of the "extension" granted? On top of this there will be a wages run (of sorts ) tomorrow so while they do have more time I doubt it will be enough. Hector is only giving them the rope with which to hang themselves.

[s.a.m]

Heart of Midlothian‏@JamTarts Tonight's scheduled Legends fundraiser at riccarton won't be happening due to the condition of the pitches

Oops

[Famous5forever]

Are the PAYE and NI contributions from Octobers wages not due on the 22nd of this month and will that payment not come under payments that are due that will be required to met under the terms of the "extension" granted? On top of this there will be a wages run (of sorts ) tomorrow so while they do have more time I doubt it will be enough. Hector is only giving them the rope with which to hang themselves.

they are due to pay the wages on the 16th and keep all current taxes up to date so i reckon paye and vat needs to be up to date plus 450k on December the 3rd its over tick tock they wont even last till santa comes:na na:

[Ozyhibby]

So, was a payment made today or not?

[Keith_M]

So, there was NO money due to be paid today! You lot are just a bunch of windup merchants.


:I'm waiti

[Mikey]

Heart of Midlothian‏@JamTarts Tonight's scheduled Legends fundraiser at riccarton won't be happening due to the condition of the pitches

Oops

Aye, they're covered in students who booked them first.

[Kaff]

they are due to pay the wages on the 16th and keep all current taxes up to date so i reckon paye and vat needs to be up to date plus 450k on December the 3rd its over tick tock they wont even last till santa comes:na na:

My feeling is that Hibs have agreed to pay them their full entitlement of the SC game on the 2nd or 3rd instead of the requisite 10(?) days (my guesstimate £200,000 inc away tickets). This giving them the remainder of the tax payment if they truly have raised approx £200,000 through cake bakes etc.

Dates are just too coincidental to me, if true i wonder if that is ever appreciated by the tubes?

[cocopops1875]

Heart of Midlothian‏@JamTarts Tonight's scheduled Legends fundraiser at riccarton won't be happening due to the condition of the pitches

Oops

Delighted the hours spent watering them paid off :greengrin

[greenginger]

So, there was NO money due to be paid today! You lot are just a bunch of windup merchants.


:I'm waiti

http://www.dailymail.co.uk/sport/football/article-2232504/Hearts-given-tax-extension-HMRC.html


The Mail says 2 installments , one immediately , one 3rd December.

They must be bringing the dosh to court with them tomorrow. :greengrin

[matty_f]

My feeling is that Hibs have agreed to pay them their full entitlement of the SC game on the 2nd or 3rd instead of the requisite 10(?) days (my guesstimate £200,000 inc away tickets). This giving them the remainder of the tax payment if they truly have raised approx £200,000 through cake bakes etc.

Dates are just too coincidental to me, if true i wonder if that is ever appreciated by the tubes?


Sums up how spawney they are, if only they'd been drawn away to Stenhousemuir or someone like that.

[Kaff]

Sums up how spawney they are, if only they'd been drawn away to Stenhousemuir or someone like that.

http://www.dailymail.co.uk/news/article-2233318/Britains-youngest-burglary-victim-Heartless-uncle-steals-110-congratulation-cards-meant-day-old-newborn-nephew.html

More coincidence?!!!
What team does this Heart (less) monster support?

[matty_f]

http://www.dailymail.co.uk/news/article-2233318/Britains-youngest-burglary-victim-Heartless-uncle-steals-110-congratulation-cards-meant-day-old-newborn-nephew.html

More coincidence?!!!
What team does this Heart (less) monster support?

:faf:

[DC_Hibs]

http://www.dailymail.co.uk/news/article-2233318/Britains-youngest-burglary-victim-Heartless-uncle-steals-110-congratulation-cards-meant-day-old-newborn-nephew.html

More coincidence?!!!
What team does this Heart (less) monster support?

Can't be a Jambo. He'd have been up for sexual assault also if he was..........

[Hermit Crab]

So much for their sellout on Saturday, still 500 tickets to shift

[JimBHibees]

Sums up how spawney they are, if only they'd been drawn away to Stenhousemuir or someone like that.

Personally wouldnt rule out that this lucky draw wasnt in some way arranged.

[steakbake]

Aye, they're covered in students who booked them first.

...and paid...

[The Green Goblin]

So...technically, Hearts last game could be against Hibs at Easter Road?

[euansdad]

My feeling is that Hibs have agreed to pay them their full entitlement of the SC game on the 2nd or 3rd instead of the requisite 10(?) days (my guesstimate £200,000 inc away tickets). This giving them the remainder of the tax payment if they truly have raised approx £200,000 through cake bakes etc.

Dates are just too coincidental to me, if true i wonder if that is ever appreciated by the tubes?


Don't bet on it mate

[scoopyboy]

My feeling is that Hibs have agreed to pay them their full entitlement of the SC game on the 2nd or 3rd instead of the requisite 10(?) days (my guesstimate £200,000 inc away tickets). This giving them the remainder of the tax payment if they truly have raised approx £200,000 through cake bakes etc.

Dates are just too coincidental to me, if true i wonder if that is ever appreciated by the tubes?

My take on it is Rangers are due either a payment on Wallace or Templeton.

Hibs will not pay them money they might be due based on an expected attendance, they might allow them to keep the away end monies and pay them a balance due after the game. To be honest I don't even know if Hearts are selling the South or Hibs are doing it for them.

[CropleyWasGod]

Are the PAYE and NI contributions from Octobers wages not due on the 22nd of this month and will that payment not come under payments that are due that will be required to met under the terms of the "extension" granted? On top of this there will be a wages run (of sorts ) tomorrow so while they do have more time I doubt it will be enough. Hector is only giving them the rope with which to hang themselves.

Yeah, I think there is an issue with interpretation here. When I talk about "November's PAYE", I normally mean that which is payable in December. Equally, some of my clients will talk about "November's PAYE" as being that due IN November.

Either way, you're right..... there is an amount due by 22nd of this month.

[CropleyWasGod]

There's something odd here. How can the new settlement date be Dec 3rd if the November tax doesn't have to be paid till later on in December?

That's quite common, Jim. HMRC often give time to pay for arrears, on the condition that current debts are settled on time. If that condition gets breached, then all bets are off. That seems to be what they've agreed with HMFC.

[Mikey]

Either way, you're right..... there is an amount due by 22nd of this month.

Any idea what that number's likely to be?

[CropleyWasGod]

Any idea what that number's likely to be?

It'll be the the amount due on the full salaries for October, which were all paid eventually, I think.

Given that Sergei said that the latest demand was for three months (and I wouldn't hang my hat on that, because he didn't seem too sure), let's say £150k.

However, it wasn't clear whether the £460k was PAYE, VAT or a mixture. If it included VAT, then the above figure will be lower. However, that would mean that there is probably another VAT Return, and payment, due verrrrrrryyyyyy soon........

(rough calculations....£5m wage bill... say £2m PAYE and NI....divided by 12.....yeah, that sounds reasonable)

[Mikey]

...... say £2m PAYE and NI....divided by 12.....yeah, that sounds reasonable

That's an awful lot of cakes :Ummm:

[HUTCHYHIBBY]

Another member of the consortium has now been revealed.

http://www.bbc.co.uk/news/uk-scotland-edinburgh-east-fife-20316851

See #4292. :wink:

[Kaff]

My take on it is Rangers are due either a payment on Wallace or Templeton.

Hibs will not pay them money they might be due based on an expected attendance, they might allow them to keep the away end monies and pay them a balance due after the game. To be honest I don't even know if Hearts are selling the South or Hibs are doing it for them.

You're probably right, the dates just do it for me. Hibs possibly agreed to paying out on the Monday based on Sunday's crowd.
i think Hearts were selling the away allocation as they had them on sale before us iirc

FWIW i think Hibs would do this to help Hearts but if the tables were turned i can't imagine they would have.

[Hibercelona]

Personally wouldnt rule out that this lucky draw wasnt in some way arranged.

:agree:

Everything always seems to be the perfect convenience for them.

[Eyrie]

The single biggest cringe i have ever had reading that, toes curled so much they came through the top of my shoes.

Yet another Hearts fans group BEGGING for more gruel please sir.

As an aside how many of these ******** groups do they have?

Save Our Hearts (SOH)

Foundation OF Hearts (FOH)

1874 Fighting Fund (1874FF)

Can anyone confirm if the People's Front Of Judea have been round the doors selling tablet for the cause?

You left out Saving Hearts In Trouble.

[Hibercelona]

You're probably right, the dates just do it for me. Hibs possibly agreed to paying out on the Monday based on Sunday's crowd.
i think Hearts were selling the away allocation as they had them on sale before us iirc

FWIW i think Hibs would do this to help Hearts but if the tables were turned i can't imagine they would have.

Rod would help them anyway he could to keep them afloat as long as possible.

Not for their sake, but because he can't see past the £££££ signs in his eyes.

[CropleyWasGod]

Rod would help them anyway he could to keep them afloat as long as possible.

Not for their sake, but because he can't see past the £££££ signs in his eyes.

.... and that is only right that he should see things that way. Hearts are worth a lot of money to Hibs, no matter where they are in the SPL.

[blindsummit]

Sums up how spawney they are, if only they'd been drawn away to Stenhousemuir or someone like that.

Makes you think though eh. What better draw for them could possibly have happened. Lucky eh...........

[Hibercelona]

.... and that is only right that he should see things that way. Hearts are worth a lot of money to Hibs, no matter where they are in the SPL.

Still.... I'd much rather we just let them go under, instead of coming to their rescue.

We'd have less money, but there would also be 1 less "BIG team" in the league to worry about. :cb

[scoopyboy]

Latest giggle is they have just announced that as of 5pm tomorrow you can only pay for the shares in cash and they are refusing to accept debit or credit cards.

Do we have any bankers (:greengrin) on here to explain their latest mishap.

[brog]

Pleased to see 777 Netters have now voted in the poll. Admins, can we please close it now & issue a press release with the results based on a sample of 777 Hibs fans? I'm sure our friends will be appreciative!!

[Hibbyradge]

Makes you think though eh. What better draw for them could possibly have happened. Lucky eh...........

Not many better draws for us either.

[nonshinyfinish]

Latest giggle is they have just announced that as of 5pm tomorrow you can only pay for the shares in cash and they are refusing to accept debit or credit cards.

Do we have any bankers (:greengrin) on here to explain their latest mishap.

They said before that if you paid cash then they'd get their greasy mitts (I'm paraphrasing) on the money up to a week earlier than if you paid by any other method.

If they are switching to cash only then it suggests they need readies for something in the next few days...wages for those that haven't 'voluntarily' deferred?

[EuanH78]

Latest giggle is they have just announced that as of 5pm tomorrow you can only pay for the shares in cash and they are refusing to accept debit or credit cards.

Do we have any bankers (:greengrin) on here to explain their latest mishap.

I'm not who you are asking but I would hazard a guess that credit/ debit purchases would not be 'in their hands' in time for whatever it is they need it for.....either that or they havent been paying ingenico or verifone (or whoever handles the payments for them)

I'd wager the first tho

edit: Octobers tax payment?? (in November) as discussed earlier.

[Cabbage East]

Latest giggle is they have just announced that as of 5pm tomorrow you can only pay for the shares in cash and they are refusing to accept debit or credit cards.

Do we have any bankers (:greengrin) on here to explain their latest mishap.


Link please :greengrin

[Just Alf]

Link please :greengrin

http://www.heartsfc.co.uk/articles/20121115/share-offer-update_2241384_2981510#continue

:greengrin

[DarrenSQH]

http://www.heartsfc.co.uk/articles/20121115/share-offer-update_2241384_2981510#continue

:greengrin

Must not have paid the debit card bills.

[Cabbage East]

Unbelievable :faf:

Cash only please :faf:

[#FromTheCapital]

Latest giggle is they have just announced that as of 5pm tomorrow you can only pay for the shares in cash and they are refusing to accept debit or credit cards.

Do we have any bankers (:greengrin) on here to explain their latest mishap.

Had a look on brokeback and their ********s are twitching like a rabbits nose at this news. Which can only be a good thing

[nonshinyfinish]

Had a look on brokeback and their ********s are twitching like a rabbits nose at this news. Which can only be a good thing

Oh indeed.

[Hibercelona]

I can't breathe! :rotflmao:

I can just picture them all queuing up outside Tynecasle with baskets of £1 notes. It'll be like the great German inflation all over again. :greengrin

[Makaveli]

I like this bit from their statement: "This decision has been taken following discussions with our merchant service provider."


Merchant Service Provider: "Here, pay your bills."
Hertz: "Cannae."
Merchant Service Provider has left the conversation.

[euansdad]

Call me a sadist but I love their discomfort

[Off the bar]

http://www.heartsfc.co.uk/articles/20121115/share-offer-update_2241384_2981510#continue

:greengrin

dear jambos, please bring cash to be exchanged for a piece of paper that is worthless the minute you leave the shop. How stupid are these people? I mean really you'd have to be a total mug. oh wait. . . never mind

[Mikey]

I can't breathe! :rotflmao:

I can just picture them all queuing up outside Tynecasle with baskets of notes. It'll be like the great German inflation all over again. :greengrin

Just put the notes straight in the suitcase sir................... :Romanov:

[silverhibee]

Unbelievable :faf:

Cash only please :faf:


They need the dough., to make a cake make a cake. :lolyam::titanic:

[green glory]

http://www.heartsfc.co.uk/articles/20121115/share-offer-update_2241384_2981510#continue

:greengrin

That is so ****ing dodgy. They've been banging on about cash being preferred since last week for sales at the shop etc.

Jambo mugs deserve everything they get for falling for this.

[Hibercelona]

Just put the notes straight in the suitcase sir................... :Romanov:

The suitcase held by the luggage man standing next to Vlads new shiny private mini-jet.

[vla_di_vla]

The suitcase held by the luggage man standing next to Vlads new shiny private mini-jet.

unbelievable. Nothing to do with cash flow cause it only takes my sales 2 days to hit my ac. Bank swallowing everything going in ? Or less audit trail? Nobody is falling for this surely..

[Hermit Crab]

Had a look on brokeback and their ********s are twitching like a rabbits nose at this news. Which can only be a good thing

Just had a peek myself, they are bricking it now.

[PatHead]

I hear they are moving their banking to Nigeria as it is more reliable. Ivor Biggun will be handling it for them.

[hibees 7062]

Surprised theyre no asking for Lithuanian litas :confused:

[Just Alf]

Particularly liked this I've lifted from Brokeback.....

own up!... which one of you lot has been deep undercover?
:thumbsup:




My guess is that Hearts have been unable to get insurance cover for their credit card transactions, therefore the merchant may be holding onto a larger proportion of funds than just the standard fee.

This is the scenario that hit Globespan before they went bust.

From Wikipedia : In July 2008, Globespan lost its ability to get insurance industry credit card repayment cover, before the collapse of Zoom and XL. From that point, credit card clearing company E-Clear, whose CEO was Elias Elia, rather than paying the normal amounts of cash to Globespan, argued that in certain cases passengers could make valid claims against them via the credit card companies up to six months after having taken their flight. E-Clear hence held a greater amount of money paid through them to Globespan

And sorry... couldn't resist this one

"Surely it's just that a bill is due in the next couple of days (wages?) and they can't wait for cash from the bank.

I would imagine that after a few days when the bill is paid they'll start taking cards again."

The guys name?..... Daydream Believer!!!!!

oh ma sides

:lolyam:

[YehButNoBut]

Had a look on brokeback and their ********s are twitching like a rabbits nose at this news. Which can only be a good thing

Some of their comment about "cash only" are superb. :titanic:

Oh dear, that's a very bad sign!

Straight in to Vlad's swag bag

Yet more amateurism. If it wasn't so serious it'd be funny.

"Can I have 25,000 pounds worth of shares please...I am paying for this with 2p's from my massive piggy bank."

Not good, itll put quite a few folk off Id imagine. Just reeks of desperation.

Trying to beat charges? Is this the bake sale we're talking about? This is a multi-million pound business. It was bad enough you can't get money to the club online, now they won't even take card payments. Embarrassing, tbh.

Could it have anything to do with the credit card guarantee, if we go out of business before shares are issued could people claim back the money and the merchant may see that as a possibility?

Seriously the club under the current management, even in these desperate times, remains a complete shambles

Aye wait then ow mate I'll just nip over to the cashline and take 10 grand out the bank. Nae worries.

Hopefully another sign of a regime in its death throes, although equally hopefully they don't take the club down with them.

When I was down at the shop earlier there were several suitcases full of cash sitting behind the counter. Looked like they had flight tags on them. Make of that what you will.

Also it is bloody inconvenient to be carrying hundreds of pounds around in your wallet. It'd probably be the one day I got mugged! And any time I've tried to withdraw anything over a couple of hundred from within the bank I've always been subjected to a barrage of questions, as if I shouldn't be allowed to take it out!

My guess is that Hearts have been unable to get insurance cover for their credit card transactions, therefore the merchant may be holding onto a larger proportion of funds than just the standard fee. This is the scenario that hit Globespan before they went bust.

I 'bought' a bed once from a shop in Newcastle. Cash/cheque only, no cards. Machine wasnt working I was told. Signed a cheque over, paid an additional £40 for delivery. Never saw the ******g bed, or my money again. Shop had disappeared within 6 weeks. Just a wee anecdote for you


Anybody who has bought shares,or handed over money needs their bumps felt. Wee Vlad is a snake oil salesman. I am keeping my powder dry, until the dust settles.

I'm getting a horrible feeling that we are in big trouble now, the board are not telling us exactly why we are stopping card payments and that is causing uncertainty amongst us!

[duffers]

http://www.heartsfc.co.uk/articles/20121115/share-offer-update_2241384_2981510#continue

:greengrin

Not another reason to give them a phone surely....

[jacomo]

http://www.heartsfc.co.uk/articles/20121115/share-offer-update_2241384_2981510#continue

:greengrin

Omnishambles.

[Hibbyradge]

A cash only sale, you say...??? :hmmm:

To an astute businessman, every cloud has a silver lining. Every setback offers new opportunity.

The Yams could yet be saved...

http://static.ddmcdn.com/gif/washing-money.jpg

[green glory]

Omnishambles.

Übershambles extraordinaire!

[Hibbyradge]

Omnishambles.

Rodneyshambles!

[nonshinyfinish]

Misradbeslijashambles! (is this right?--Ed.)

[PatHead]

Think the penny is finally dropping

JKB-I'm getting a horrible feeling that we are in big trouble now, the board are not telling us exactly why we are stopping card payments and that is causing uncertainty amongst us!

[Sergey]

I'm not who you are asking but I would hazard a guess that credit/ debit purchases would not be 'in their hands' in time for whatever it is they need it for.....either that or they havent been paying ingenico or verifone (or whoever handles the payments for them)

I'd wager the first tho

edit: Octobers tax payment?? (in November) as discussed earlier.

These folks are only hardware suppliers - they'll be using an outsourced payment provider. I'd imagine that they use Elavon as they service most merchants. I'll' find more out!

[Hibbyradge]

Think the penny is finally dropping

JKB-I'm getting a horrible feeling that we are in big trouble now, the board are not telling us exactly why we are stopping card payments and that is causing uncertainty amongst us!

Now?????

Welcome to the party! :faf:

[EuanH78]

These folks are only hardware suppliers - they'll be using an outsourced payment provider. I'd imagine that they use Elavon as they service most merchants. I'll' find more out!

Nice one, see what you can dig up Sergey :aok:

[hibees 7062]

Some of their comment about "cash only" are superb. :titanic:

Oh dear, that's a very bad sign!

Straight in to Vlad's swag bag

Yet more amateurism. If it wasn't so serious it'd be funny.

"Can I have 25,000 pounds worth of shares please...I am paying for this with 2p's from my massive piggy bank."

Not good, itll put quite a few folk off Id imagine. Just reeks of desperation.

Trying to beat charges? Is this the bake sale we're talking about? This is a multi-million pound business. It was bad enough you can't get money to the club online, now they won't even take card payments. Embarrassing, tbh.

Could it have anything to do with the credit card guarantee, if we go out of business before shares are issued could people claim back the money and the merchant may see that as a possibility?

Seriously the club under the current management, even in these desperate times, remains a complete shambles

Aye wait then ow mate I'll just nip over to the cashline and take 10 grand out the bank. Nae worries.

Hopefully another sign of a regime in its death throes, although equally hopefully they don't take the club down with them.

When I was down at the shop earlier there were several suitcases full of cash sitting behind the counter. Looked like they had flight tags on them. Make of that what you will.

Also it is bloody inconvenient to be carrying hundreds of pounds around in your wallet. It'd probably be the one day I got mugged! And any time I've tried to withdraw anything over a couple of hundred from within the bank I've always been subjected to a barrage of questions, as if I shouldn't be allowed to take it out!

My guess is that Hearts have been unable to get insurance cover for their credit card transactions, therefore the merchant may be holding onto a larger proportion of funds than just the standard fee. This is the scenario that hit Globespan before they went bust.

I 'bought' a bed once from a shop in Newcastle. Cash/cheque only, no cards. Machine wasnt working I was told. Signed a cheque over, paid an additional £40 for delivery. Never saw the ******g bed, or my money again. Shop had disappeared within 6 weeks. Just a wee anecdote for you


Anybody who has bought shares,or handed over money needs their bumps felt. Wee Vlad is a snake oil salesman. I am keeping my powder dry, until the dust settles.

I'm getting a horrible feeling that we are in big trouble now, the board are not telling us exactly why we are stopping card payments and that is causing uncertainty amongst us!

:doh: Really ?

[ScottB]

Some of their comment about "cash only" are superb. :titanic:

Also it is bloody inconvenient to be carrying hundreds of pounds around in your wallet. It'd probably be the one day I got mugged! And any time I've tried to withdraw anything over a couple of hundred from within the bank I've always been subjected to a barrage of questions, as if I shouldn't be allowed to take it out!

Ironically he'll be getting mugged either way! :wink:

[Hibbyradge]

If I'm right, all the figures quoted in their prospectus, were as of June 2011.

Surely prospective investors, even unsuspecting Jambos, should have the up to date figures?

To me, it seems highly suspicious, but maybe there's an accounting reason for this? :confused:

Can anyone clarify?

[euansdad]

This does look serious. I'm not a financial expert but just in gut instinct, I felt last week they would up as a newco like rangers. Now, I think the doomsday scenario for them is possible. More enlightened people can feel free tell me if I'm wrong but there ye go

[Pedantic_Hibee]

Hello Hibs.net members and guests,

I am saddened to inform you that Pedantic_Hibee has unfortunately died with laughter.

Yours sincerely,

Pedantic's ma.

[DC_Hibs]

If I'm right, all the figures quoted in their prospectus, were as of June 2011.

Surely prospective investors, even unsuspecting Jambos, should have the up to date figures?

To me, it seems highly suspicious, but maybe there's an accounting reason for this? :confused:

Can anyone clarify?

They are always overdue in providing I'm sure.

Company Accounts:
For period ending:
30 Jun 2011

Filed on:
10 May 2012

Anyone daft enough to invest knows they won't get a penny back so no harm done.

[PatHead]

Anyone care to answer this erse on kickback

"i very much like to know, and im sure everyone else would like to know, how the shares are selling, are we close to it being fully subscribed?"

Delete as appropriate*

****** miles/ nowhere near/ your having a laugh/ are you a hibby winding us up*

[Part/Time Supporter]

Anyone care to answer this erse on kickback

"i very much like to know, and im sure everyone else would like to know, how the shares are selling, are we close to it being fully subscribed?"

Delete as appropriate*

****** miles/ nowhere near/ your having a laugh/ are you a hibby winding us up*

A little history lesson for our nearest and dearest.

They had a share issue in the mid 1990s. They hoped to raise £1.5 million. After costs of £0.35 million, they raised a net amount of £0.2 million.

:cb

(source: Simon Inglis, Football Grounds of Britain, 3rd edition, 1996)

[stirling_hibee]

Absolutely priceless! Reading this on my phone in my scratcher and have almost woken the bird up with the bed shaking as i laugh my tits off! She's obviously pretending to be asleep in case i'm trying to make an amorous approach likes but i'm no caring, this is just too funny! Have all these jambo welts got stockholm syndrome or something? Stop giving the bad man wads of cash!
Some of their comment about "cash only" are superb. :titanic:

Oh dear, that's a very bad sign!

Straight in to Vlad's swag bag

Yet more amateurism. If it wasn't so serious it'd be funny.

"Can I have 25,000 pounds worth of shares please...I am paying for this with 2p's from my massive piggy bank."

Not good, itll put quite a few folk off Id imagine. Just reeks of desperation.

Trying to beat charges? Is this the bake sale we're talking about? This is a multi-million pound business. It was bad enough you can't get money to the club online, now they won't even take card payments. Embarrassing, tbh.

Could it have anything to do with the credit card guarantee, if we go out of business before shares are issued could people claim back the money and the merchant may see that as a possibility?

Seriously the club under the current management, even in these desperate times, remains a complete shambles

Aye wait then ow mate I'll just nip over to the cashline and take 10 grand out the bank. Nae worries.

Hopefully another sign of a regime in its death throes, although equally hopefully they don't take the club down with them.

When I was down at the shop earlier there were several suitcases full of cash sitting behind the counter. Looked like they had flight tags on them. Make of that what you will.

Also it is bloody inconvenient to be carrying hundreds of pounds around in your wallet. It'd probably be the one day I got mugged! And any time I've tried to withdraw anything over a couple of hundred from within the bank I've always been subjected to a barrage of questions, as if I shouldn't be allowed to take it out!

My guess is that Hearts have been unable to get insurance cover for their credit card transactions, therefore the merchant may be holding onto a larger proportion of funds than just the standard fee. This is the scenario that hit Globespan before they went bust.

I 'bought' a bed once from a shop in Newcastle. Cash/cheque only, no cards. Machine wasnt working I was told. Signed a cheque over, paid an additional £40 for delivery. Never saw the ******g bed, or my money again. Shop had disappeared within 6 weeks. Just a wee anecdote for you


Anybody who has bought shares,or handed over money needs their bumps felt. Wee Vlad is a snake oil salesman. I am keeping my powder dry, until the dust settles.

I'm getting a horrible feeling that we are in big trouble now, the board are not telling us exactly why we are stopping card payments and that is causing uncertainty amongst us!

[PatHead]

Not so much the sound of pennies dropping but the clatter of reality hitting home on jkb

"Maybe the deadline for our first instalment for the tax is due by 5 tomorrow and they aren't planning on paying it..."

Cmon own up was that you?:greengrin

[marinello59]

I wondered how they could possibly make their dodgy share issue look even dodgier. Superb work. :greengrin

[Hibbyradge]

Right. That's normal, then?

I must be reading too much into it.

Is there a similar delay with everyone's accounts, Hibs for example?

[Pete]

Hello Hibs.net members and guests,

I am saddened to inform you that Pedantic_Hibee has unfortunately died with laughter.

Yours sincerely,

Pedantic's ma.


Absolutely priceless! Reading this on my phone in my scratcher and have almost woken the bird up with the bed shaking as i laugh my tits off! She's obviously pretending to be asleep in case i'm trying to make an amorous approach likes but i'm no caring, this is just too funny! Have all these jambo welts got stockholm syndrome or something? Stop giving the bad man wads of cash!

Brilliant:thumbsup:

[Kris1875]

This just keeps giving and giving , too funny !!! Ask all the hearts you know will they be here at Xmas or no , ho ho ho !!

[sambajustice]

You know what makes this all the sweeter?? Social Media!!! You can wind up hoardes of them all at once, its brilliant craic!! I keep posting unsubstatiated pish, or I exaggerate the truth and I take great pleasure in the fact that I know that all these hertz baskets are sitting there reading it, raging and cacking themselves at the same time and there's nothing they can say or do!

I love winding them up!! :greengrin

[down-the-slope]

I initially thought that Hearts should be embarrassed to be associated with an organisation such as Wonga.....

I think tonight's latest revelation has shown that its Wonga who should be embarrassed with their choice of partner.....





:hilarious

[Hibbyradge]

They're now consoling themselves with the hope that the reason credit cards are no longer being accepted is because the FSA prohibit their use for buying shares. :faf:

I guess all the dafties who have already donated by credit card will receive refunds tomorrow in that case!

Aye, very good.

[gackohibs]

When I was down at the shop earlier there were several suitcases full of cash sitting behind the counter. Looked like they had flight tags on them. Make of that what you will.


Brilliant. Sounds like vlad is liquidating and ******ing off with the share dosh too. what a hero!

[Bristolhibby]

Not so much the sound of pennies dropping but the clatter of reality hitting home on jkb

"Maybe the deadline for our first instalment for the tax is due by 5 tomorrow and they aren't planning on paying it..."

Cmon own up was that you?:greengrin

They'll be in their hands and knees picking up yon shrapnel off of the floor.

J

[The_Sauz]

Hello Hibs.net members and guests,

I am saddened to inform you that Pedantic_Hibee has unfortunately died with laughter.

Yours sincerely,

Pedantic's ma.

What has he left me in his will :greengrin

[The Falcon]

A little history lesson for our nearest and dearest.

They had a share issue in the mid 1990s. They hoped to raise £1.5 million. After costs of £0.35 million, they raised a net amount of £0.2 million.

:cb

(source: Simon Inglis, Football Grounds of Britain, 3rd edition, 1996)

I think they might be preparing to shut up shop next week. If they cease taking EFT's by 5pm tomorrow then all their sales that are in the pipe should be cleared before next weekend.

[Onceinawhile]

Right. That's normal, then?

I must be reading too much into it.

Is there a similar delay with everyone's accounts, Hibs for example?

Well our financial year end is also June (I think, might be July) and the accounts aren't out yet. Hearts however do have previous for being v.v.v. late.

[The_Sauz]

Did they not have the same problem when they had 2 shops....CASH ONLY!

[Speedy]

Right. That's normal, then?

I must be reading too much into it.

Is there a similar delay with everyone's accounts, Hibs for example?

I read in another thread that you are given 9 months from year end to file your accounts.

Hearts were late last time.

[PatHead]

Maybe a bit simplistic but word put out they must pay by credit/debit card tomorrow= surge in donations. No tax bill paid by 5.00pm, Vlad pockets money= kids no christmas presents for nothing. Poor simple Jambos

[greenginger]

Hearts only get 6 months because they are set up as a PLC even if Vlad owns 95% of them.

[Hibercelona]

http://oi46.tinypic.com/opbl06.jpg

http://oi46.tinypic.com/opbl06.jpg

[monktonharp]

http://oi46.tinypic.com/opbl06.jpg

http://oi46.tinypic.com/opbl06.jpg quite a fair bit of metalwork involved there. would take it aff their hands, save vlad a fair bit on costs of filling skips. light iron doesnae gie top whack, but i'd still do it for nowt:greengrin

[Fife-Hibee]

http://oi46.tinypic.com/opbl06.jpg

http://oi46.tinypic.com/opbl06.jpg

Lol

[Pete]

The white knights are coming out of the woodwork (http://www.dailymail.co.uk/sport/football/article-2233714/Hearts-bought-Angelo-Massone.html)

[cocteautwin]

Possibly this is a money laundering exercise by Vlad? Tell them they can't pay by CC and they can only take cash. This week someone turns up with GBP200k in used fifties acquired by dodgy means and buys a load of worthless shares. Cash goes in to the club bank account and then used to pay off the tax man. Or even whisks its way back to Vlad. Very dodgy. Allegedly.

[DC_Hibs]

The white knights are coming out of the woodwork (http://www.dailymail.co.uk/sport/football/article-2233714/Hearts-bought-Angelo-Massone.html)

Massone taking over would certainly be out of the frying pan into the fire.

I remember reading the exchanges with him on livilions forum at the time and he seemed well dodgy to me.
Bit of a loony but he'd fit in as he looks like an offender.

Worrying thing for the Saviles is the level of his bid is a good deal higher than the "Foundation" who have already wasted 2 years and are still making ridiculous offers for Hearts. They are a joke who can't be taken seriously...........much like most of the donations pledged today.

[Spike Mandela]

Excuse my financial ignorance but Hearts aren't in administration or liquidation yet are they,so asking Vlad to write off huge debts due to the bank etc is desperation surely.

Any successful bid would have to be in the region of a Craig Whyte 1p purchase but take on the debt, wouldn't it? Even then any bidder would be getting Hearts and stadium etc at a good price, no?

[Viva_Palmeiras]

Our Vladimir, Who art in Kaunus
Hallowed be Thy Fame;
The taxman come,
Thy will be undone,
In Tynie *it is in Kaunus
Give us this day our daily headline
and forgive us our debts
as we forget those who warned against you;
and lead us not into liquidation,
but deliver us from admin. Y'ken

[DC_Hibs]

Excuse my financial ignorance but Hearts aren't in administration or liquidation yet are they,so asking Vlad to write off huge debts due to the bank etc is desperation surely.

Any successful bid would have to be in the region of a Craig Whyte 1p purchase but take on the debt, wouldn't it? Even then any bidder would be getting Hearts and stadium etc at a good price, no?

The Foundation are clearly named after the mark achieved in Mathematics.

They claim they had the stadium valued at only £5m. Their argument is that due to Hearts being a financial basket case with expenditure still exceeding income, the value of the club is therefore down in the "lower millions".

They also want the club handed over debt free and clear of all outstanding HMRC obligations although they were amazingly generous and offered to pay the 450k - directly to HMRC.

In summary, they are timewasting dafties and have achieved the square root of fek all in 2 years.

[steakbake]

The Foundation are clearly named after the mark achieved in Mathematics.

They claim they had the stadium valued at only £5m. Their argument is that due to Hearts being a financial basket case with expenditure still exceeding income, the value of the club is therefore down in the "lower millions".

They also want the club handed over debt free and clear of all outstanding HMRC obligations although they were amazingly generous and offered to pay the 450k - directly to HMRC.

In summary, they are timewasting dafties and have achieved the square root of fek all in 2 years.

Yes, to stretch a metaphor about it, they're going all in with a short stack when all they've got to play is a couple of low number cards and hoping against hope for a straight. If they were at the Cas, the jacket would be on and they'd be standing up, waiting for the inevitable coup de grace from the croupier.

At the end of the day, they've certainly won a few hands during the course of the game: cant take that away from them. On the long walk home, they'll maybe find cold consolation in having raked a few pots over their rivals. The uncomfortable truth is they're the ones who are checking out early while their rivals are at the table with a comfy seat, a safe stack and still very much all to play for.

[Jim44]

Yes, to stretch a metaphor about it, they're going all in with a short stack when all they've got to play is a couple of low number cards and hoping against hope for a straight. If they were at the Cas, the jacket would be on and they'd be standing up, waiting for the inevitable coup de grace from the croupier.

At the end of the day, they've certainly won a few hands during the course of the game: cant take that away from them. On the long walk home, they'll maybe find cold consolation in having raked a few pots over their rivals. The uncomfortable truth is they're the ones who are checking out early while their rivals are at the table with a comfy seat, a safe stack and still very much all to play for.

You could say ' they've had their chips'. :-)]

[Mikey]

I wonder if the supporters of Kaunas and Partizan Minsk begged Vlad to clear the debt and hand over their club :dunno:

[Moon unit]

Will the owners of the Pinkerdome be docked points for their latest escapades?...

[Steve20]

No.

[IWasThere2016]

What's the chances of a puddle drinker getting a receipt when they part with their dough? :cool2:

[Moon unit]

No.
If it is no, it's seems that the SPL will carry on offering paltry fines every time they come up with their latest balls up!

[euansdad]

Bit dodgy eh? Next they will be saying no receipts

Cos everything they do is dodgy?

[Winston Ingram]

No.

They'll have to sanction them somehow. 3rd missed salary payment this year. They aren't going to fine them, they're not going to kick them out the Scottish Cup as it will likely kill them, they aren't going to kick them out the league cup at the SF stage and a transfer ban is pointless.

They can't let it pass either as it sets a massive precedent so what will happen?

[bingo70]

Bit dodgy eh? Next they will be saying no receipts

Considering you're not getting anything for your donation a receipt would be pretty pointless anyway.

[Viva_Palmeiras]

Bit dodgy eh? Next they will be saying no receipts

Money for Nothing as Mark Knopfler sang

[Steve20]

They'll have to sanction them somehow. 3rd missed salary payment this year. They aren't going to fine them, they're not going to kick them out the Scottish Cup as it will likely kill them, they aren't going to kick them out the league cup at the SF stage and a transfer ban is pointless.

They can't let it pass either as it sets a massive precedent so what will happen?

I thought they said the other day that there would be no sanctions this time.

[SMAXXA]

They'll have to sanction them somehow. 3rd missed salary payment this year. They aren't going to fine them, they're not going to kick them out the Scottish Cup as it will likely kill them, they aren't going to kick them out the league cup at the SF stage and a transfer ban is pointless.

They can't let it pass either as it sets a massive precedent so what will happen?

Sure I read somewhere that as the players are wilfully deferring their wages Hearts have no comeback and are not subject to any sanction.

[marinello59]

They'll have to sanction them somehow. 3rd missed salary payment this year. They aren't going to fine them, they're not going to kick them out the Scottish Cup as it will likely kill them, they aren't going to kick them out the league cup at the SF stage and a transfer ban is pointless.

They can't let it pass either as it sets a massive precedent so what will happen?

If the players are willing to bend over and let the club do what they want then there is nothing the authorities can do. As long as everybody who decided not to accept a deferral of wages gets paid of course.

[Steve20]

Enough!
You have to be one of the most pessimistic individuals I have ever come upon!

For god sake man...you're the man from del monte's pissed off relative who insists on saying NO!


Away to ****.

They said the other day that there would be no sanctions.

[Kaiser1962]

I wonder if the supporters of Kaunas and Partizan Minsk begged Vlad to clear the debt and hand over their club :dunno:

This is the bit I dont really get. Do the Yams really think that Vlad gives a ***** what happems to them? Seriously? The man has previous and if he does it in/to Kaunas, where he made his name and his companies are based, then he is not going to give a second thought to putting a cap in their ass.

If someone wants Hearts any bid to Vlad is going to have to be in the region of £8m -£10m (and thats with the debt, and a debt free club is going to take a bid of around £17m to even get Vlad's attention.

While its all very well to say it's only worth what someone is prepared to pay, and technically it's worth hee haw, it's equally true to say that its worth whatever Vlad wants it to be worth. Its his to do with whatever he wants and always was from the day Foulkes and Deans and Robinson welcomed the man as their saviour.

Vlad is selling and if they want to buy they will have to meet his valuation, if they dont he has shown elsewhere what he will do.

[Craig_in_Prague]

This is the bit I dont really get. Do the Yams really think that Vlad gives a ***** what happems to them? Seriously? The man has previous and if he does it in/to Kaunas, where he made his name and his companies are based, then he is not going to give a second thought to putting a cap in their ass.

If someone wants Hearts any bid to Vlad is going to have to be in the region of £8m -£10m (and thats with the debt, and a debt free club is going to take a bid of around £17m to even get Vlad's attention.

While its all very well to say it's only worth what someone is prepared to pay, and technically it's worth hee haw, it's equally true to say that its worth whatever Vlad wants it to be worth. Its his to do with whatever he wants and always was from the day Foulkes and Deans and Robinson welcomed the man as their saviour.

Vlad is selling and if they want to buy they will have to meet his valuation, if they dont he has shown elsewhere what he will do.

aaaaaaaawww, so you mean baking him a nice cake, serving him a nice wee bowl of soup, painting his face if he wants.....and sending him begging letters, won't matter a jot?

poor wee yams
yams to the slaughter :-)

[DC_Hibs]

Enough!
You have to be one of the most pessimistic individuals I have ever come upon!

For god sake man...you're the man from del monte's pissed off relative who insists on saying NO!

Come on thats a bit harsh.

This is him on top of the world compared to a few months back when posting about Hibs prospects for this season!!

He reckons we could be safe from relegation now.

[Smidge]

It's standard practice for merchant services providers - who supply the pin machines and processing for card transactions - to require some sort of indemnity or insurance for users who either don't have a track record or have doubtful credit worthiness. This is because people paying by card have a right to cancel the transaction and request a refund from the card providers first of all - eventually, the sums should be debited to the terminal user's account, i.e. the Yams.

Normally this indemnity will either be provided by the clearing bank that holds the main transactional account or, for larger trading entities, via the insurance market. The banks can justify it on the basis that they have a legal right - set-off - to debit sums due to their account and will normally hold some form of security. For very new trading entities, a cash deposit equivalent to the amount of the indemnity may be set aside in a pledged account.

I believe that they do still have a bank account with BoS but there is absolutely zero chance that BoS would be providing this indemnity, even if a cash deposit were pledged. If there is a cash deposit lying behind this somewhere, I would suspect it's been gobbled up on cashflow already. Presumably, the indemnity was being provided by Ukio Bankas or via insurance - in the first case, I can understand the merchant service provider saying that they've read the papers, so please try again lads. If insurance, that has to be paid for, so I guess it's been cancelled - though which party has done is uncertain. With the likelihood of an insolvency procedure increasing dramatically, then it's probably in the smallprint that the insurer could unilaterally cancel.

Of course, now that they are only accepting cash, there will be fees to be paid for paying that into their bank account :-)

[Tynie01011973]

Sure I read somewhere that as the players are wilfully deferring their wages Hearts have no comeback and are not subject to any sanction.

Wonder if Ryan Stevenson is one of the players who have agreed to deferral ?

Given his reason for leaving them previously

:boo hoo:

[Steve20]

Come on thats a bit harsh.

This is him on top of the world compared to a few months back when posting about Hibs prospects for this season!!

He reckons we could be safe from relegation now.

I bet you thought you were really funny when typing that out.

[EskbankHibby]

I wonder if the supporters of Kaunas and Partizan Minsk begged Vlad to clear the debt and hand over their club :dunno:

I hear what you're saying here Mikey but i have spoke to a jambo and it's different.

The exact conversation was :

Me - "You'se are f*****, he even shafted Kaunas and Minsk teams, teams he may have had some sort of emotional attachment to, why would he bother about Hearts?"

Jambo - "it's different though, we are Hearts and it's different.....it's just, ehm, different"

Seems pretty clear cut to me so i'll thank you to keep your petty Hobo agenda to yourself.

[Mikey]

:greengrin

[Jim44]

Steve20 is not being pessimistic or negative ......... He's just saying it as it is. The SPL have clearly said that they have no grounds for sanctioning Hearts as they are simply 'ammending contracts'. Unless they bring in rules to limit or stop the ammendment of contracts or the players withdraw their consent, it looks like the Jambos have carte blanche to do what they like with players' salaries.

[lucky]

The yams know this is a donation not an investment. Just giving money to Vlad

[matty_f]

It's standard practice for merchant services providers - who supply the pin machines and processing for card transactions - to require some sort of indemnity or insurance for users who either don't have a track record or have doubtful credit worthiness. This is because people paying by card have a right to cancel the transaction and request a refund from the card providers first of all - eventually, the sums should be debited to the terminal user's account, i.e. the Yams.

Normally this indemnity will either be provided by the clearing bank that holds the main transactional account or, for larger trading entities, via the insurance market. The banks can justify it on the basis that they have a legal right - set-off - to debit sums due to their account and will normally hold some form of security. For very new trading entities, a cash deposit equivalent to the amount of the indemnity may be set aside in a pledged account.

I believe that they do still have a bank account with BoS but there is absolutely zero chance that BoS would be providing this indemnity, even if a cash deposit were pledged. If there is a cash deposit lying behind this somewhere, I would suspect it's been gobbled up on cashflow already. Presumably, the indemnity was being provided by Ukio Bankas or via insurance - in the first case, I can understand the merchant service provider saying that they've read the papers, so please try again lads. If insurance, that has to be paid for, so I guess it's been cancelled - though which party has done is uncertain. With the likelihood of an insolvency procedure increasing dramatically, then it's probably in the smallprint that the insurer could unilaterally cancel.

Of course, now that they are only accepting cash, there will be fees to be paid for paying that into their bank account :-)

The card holder can't just cancel the transaction, that's wrong. Debit card payments should be treated like cash, once the payment is agreed legitimately (I.e. with the card holder's authorisation) then payment is guaranteed to the merchant. If the card holder no longer wanted to go through with the sale then they need to go through the merchant (I.e. the yams).

Credit cards are slightly different but the principle is the same in that you can't just cancel the payment because you changed your mind.

[lyonhibs]

http://www.heartsfc.co.uk/articles/20121115/share-offer-update_2241384_2981510#continue

:greengrin

Sorry guys, that's me, I'm out.

I've already ruptured a spleen laughing, and my appendix is about to go. Any more of this and something fairly major will go pop, and I've got a big weekend planned.

[Kaiser1962]

I hear what you're saying here Mikey but i have spoke to a jambo and it's different.

The exact conversation was :

Me - "You'se are f*****, he even shafted Kaunas and Minsk teams, teams he may have had some sort of emotional attachment to, why would he bother about Hearts?"

Jambo - "it's different though, we are Hearts and it's different.....it's just, ehm, different"

Seems pretty clear cut to me so i'll thank you to keep your petty Hobo agenda to yourself.

I take back my previous post. I am now convinved :agree:

[EH6 Hibby]

Steve20 is not being pessimistic or negative ......... He's just saying it as it is. The SPL have clearly said that they have no grounds for sanctioning Hearts as they are simply 'ammending contracts'. Unless they bring in rules to limit or stop the ammendment of contracts or the players withdraw their consent, it looks like the Jambos have carte blanche to do what they like with players' salaries.

To be fair, you're hardly Mr Optimism either. :greengrin

[1two]

Our Vladimir, Who art in Kaunus
Hallowed be Thy Fame;
The taxman come,
Thy will be undone,
In Tynie *it is in Kaunus
Give us this day our daily headline
and forgive us our debts
as we forget those who warned against you;
and lead us not into liquidation,
but deliver us from admin. Y'ken

:greengrin

[Saorsa]

Our Vladimir, Who art in Kaunus
Hallowed be Thy Fame;
The taxman come,
Thy will be undone,
In Tynie *it is in Kaunus
Give us this day our daily headline
and forgive us our debts
as we forget those who warned against you;
and lead us not into liquidation,
but deliver us from admin. Y'ken:hilarious :top marks

[CallumLaidlaw]

Love Massone's comments. It's like déjà vu! -
‘There is an opportunity at Hearts to turn them into a major challenger to Celtic. With Rangers in the Third Division, we can help with the budget and use our contacts to bring important international players to the club and develop the youths.

‘In terms of money and budget we can put a team on the park which can compete at the very highest level.’

[s.a.m]

Love Massone's comments. It's like déjà vu! -
‘There is an opportunity at Hearts to turn them into a major challenger to Celtic. With Rangers in the Third Division, we can help with the budget and use our contacts to bring important international players to the club and develop the youths.

‘In terms of money and budget we can put a team on the park which can compete at the very highest level.’

:greengrin

The dafties will probably be lapping that up, as well.

[Judas Iscariot]

Enough!
You have to be one of the most pessimistic individuals I have ever come upon!

For god sake man...you're the man from del monte's pissed off relative who insists on saying NO!

It's hurting him watching his team go under...

[greenginger]

Steve20 is not being pessimistic or negative ......... He's just saying it as it is. The SPL have clearly said that they have no grounds for sanctioning Hearts as they are simply 'ammending contracts'. Unless they bring in rules to limit or stop the ammendment of contracts or the players withdraw their consent, it looks like the Jambos have carte blanche to do what they like with players' salaries.

Fair enough, but will the players who hav'nt agreed to a salary deferral get their dough today ? and of course their is all the admin,and youth team to pay. Looking forward to the announcement from the Pink Palace of another glitch perhaps.

[DarrenSQH]

8892

The last billboard on the way from roseburn to Tynecastle. Well played Hector.

[alexedwards]

I wonder if the supporters of Kaunas and Partizan Minsk begged Vlad to clear the debt and hand over their club :dunno:

Understanding is Vlad never owned Minsk - he just sponsored the club.

[JimBHibees]

Love Massone's comments. It's like déjà vu! -
‘There is an opportunity at Hearts to turn them into a major challenger to Celtic. With Rangers in the Third Division, we can help with the budget and use our contacts to bring important international players to the club and develop the youths.

‘In terms of money and budget we can put a team on the park which can compete at the very highest level.’

What will it take to get the average yam to understand how rogered their club is.

http://www.heartsfc.co.uk/articles/20121116/sell-out-for-st-mirren_2241384_2981682

Sell out which isnt a sell out

[BonnieFitbaTeam]

Massone ? Now that would be hilarious.

Having heard a few stories a while back regarding the mess he left when he was finally chased out of Livingston, I think the Yams would probably be better off with Vlad - sorry, Mr Romanov !

[cocopops1875]

http://www.heartsfc.co.uk/articles/20121116/sell-out-for-st-mirren_2241384_2981682

Sell out which isnt a sell out
Never I don't believe you :-) roasters the lot of em

[Jim44]

To be fair, you're hardly Mr Optimism either. :greengrin

Got it in one ....... I'm a greetin' faced old git at the best of times :-( ........ But sometimes you've got to distinguish between optimism, realism and plain old wishful thinking.

[Part/Time Supporter]

http://www.heartsfc.co.uk/articles/20121116/sell-out-for-st-mirren_2241384_2981682

Sell out which isnt a sell out

Fair do's, relegation six-pointers like that normally draw in the punters.

[JimBHibees]

I initially thought that Hearts should be embarrassed to be associated with an organisation such as Wonga.....

I think tonight's latest revelation has shown that its Wonga who should be embarrassed with their choice of partner.....





:hilarious

Thats brilliant. :tee hee::tee hee:

[FranckSuzy]

8892

The last billboard on the way from roseburn to Tynecastle. Well played Hector.

Brilliant! :greengrin

[Hibs7]

I think we should name the cup game .....
"The Desperation Derby "

[Keith_M]

Unfortunately, the headline on this thread is a little misleading. They may not be accepting cards but they will accept czechs. So Rudi IS making a return in January after all. Oh you Hobo doubters..........

[EdinMike]

I might be a little bit daft here..

But surely the "Fielding ineligible players" rule should be forced upon Jamco if they cant pay said players for 6-8 weeks !?

Or am I being too practical and/or efficient for a job within the SFA ?!

[green glory]

Does anyone know what time they're in the court of session today? Could be entertaining if they've still not paid up.

[Hibbyradge]

Why is there sio much confusion over how much Vlad wants for the club?

They are currently in the process of selling 10% of Vlad's shares, worth £1.8m.

Maybe I've got unusually deep powers of deduction, but that suggests to me that he values them at at least £18m.

Then there's the debt.

[CropleyWasGod]

Why is there sio much confusion over how much Vlad wants for the club?

They are currently in the process of selling 10% of Vlad's shares, worth £1.8m.

Maybe I've got unusually deep powers of deduction, but that suggests to me that he values them at at least £18m.

Then there's the debt.

Is it, though? I had understood that it was new shares. Otherwise, there is no addition to the club's coffers.

As to your main point.... it's like anything else, it's worth what someone's prepared to pay for it. What Vlad wants is almost certainly not what he'll get.

[Hibbyradge]

Is it, though? I had understood that it was new shares. Otherwise, there is no addition to the club's coffers.

As to your main point.... it's like anything else, it's worth what someone's prepared to pay for it. What Vlad wants is almost certainly not what he'll get.

I know, but it's the only clue we have.

Also, he can sell still sell the PBS, which will be worth more than the £4.5 currently offered.

[JeMeSouviens]

Is it, though? I had understood that it was new shares. Otherwise, there is no addition to the club's coffers.

As to your main point.... it's like anything else, it's worth what someone's prepared to pay for it. What Vlad wants is almost certainly not what he'll get.

True :agree: ... but I'd have thought the bare minimum for Vlad would be to keep Tiny (or get the proceeds from its sale) and as for these "bidders" who think he's going to pass the club to them "liability free" (presumably by Vlad promising to cover the big tax bill should it arrive) ... :rotflmao:

[CropleyWasGod]

True :agree: ... but I'd have thought the bare minimum for Vlad would be to keep Tiny (or get the proceeds from its sale) and as for these "bidders" who think he's going to pass the club to them "liability free" (presumably by Vlad promising to cover the big tax bill should it arrive) ... :rotflmao:

I know it's laughable, but it's also possible.

At a time when UBIG need cash, if that's the only offer on the table, that is what they will have to accept. I have been saying for years (to the boredom of my friends and family) that someone will pick up the club for sweeties, either in an insolvency or otherwise.

[Carheenlea]

To be fair, you're hardly Mr Optimism either. :greengrin


Got it in one ....... I'm a greetin' faced old git at the best of times :-( ........ But sometimes you've got to distinguish between optimism, realism and plain old wishful thinking.

To be fair to Jim44, I played golf with him in heavy rain where he pulled on a pair of marigolds with the theory that as the gloves and grips were both rubber, a better purchase would be achieved. If that's not optimism I don't know what is!

[Phil D. Rolls]

I know it's laughable, but it's also possible.

At a time when UBIG need cash, if that's the only offer on the table, that is what they will have to accept. I have been saying for years (to the boredom of my friends and family) that someone will pick up the club for sweeties, either in an insolvency or otherwise.

I'll see your Maltesers family pack, and raise you a box of Ferrero Rocher.

[Newry Hibs]

Preparations have started for the big cake sale down Gorgie ....

http://www.bbc.co.uk/news/in-pictures-20338263

[gogse]

So...
St Mirren (as far as we know) have played within the financial rules and tomorrow will be fielding players they could/can only afford because they have some integrity and have abided with those rules.

Hearts on the other hand will be fielding players that have been bought and paid for with borrowed / unpaid tax money.

If you take the assumption that players are worth / paid in accordance to skill level, Then Hearts will field a more skilful team than St Mirren.
This in turn, means (in theory) Hearts have an unfair advantage (in terms of keeping / not keeping within the financial rules).

Should they have this advantage with the endorsement of the tax man?

Or am I being closed minded to the fact that it doesn’t matter how you conduct your accounts, as long as you win?

[The Green Goblin]

So...
St Mirren (as far as we know) have played within the financial rules and tomorrow will be fielding players they could/can only afford because they have some integrity and have abided with those rules.

Hearts on the other hand will be fielding players that have been bought and paid for with borrowed / unpaid tax money.

If you take the assumption that players are worth / paid in accordance to skill level, Then Hearts will field a more skilful team than St Mirren.
This in turn, means (in theory) Hearts have an unfair advantage (in terms of keeping / not keeping within the financial rules).

Should they have this advantage with the endorsement of the tax man?

Or am I being closed minded to the fact that it doesn’t matter how you conduct your accounts, as long as you win?


You are spot on. It seems that despite all the talk of revolution and change, little has changed following the old Rangers crimes of a similar nature.

And we could also apply your idea to every game Hearts have played since they didn't pay the tax that was owed....and that includes both their cup wins.

[EskbankHibby]

I know it's laughable, but it's also possible.

At a time when UBIG need cash, if that's the only offer on the table, that is what they will have to accept. I have been saying for years (to the boredom of my friends and family) that someone will pick up the club for sweeties, either in an insolvency or otherwise.


Calderwood?

I would love it if this happens.

[BarneyK]

So...
St Mirren (as far as we know) have played within the financial rules and tomorrow will be fielding players they could/can only afford because they have some integrity and have abided with those rules.

Hearts on the other hand will be fielding players that have been bought and paid for with borrowed / unpaid tax money.

If you take the assumption that players are worth / paid in accordance to skill level, Then Hearts will field a more skilful team than St Mirren.
This in turn, means (in theory) Hearts have an unfair advantage (in terms of keeping / not keeping within the financial rules).

Should they have this advantage with the endorsement of the tax man?

Or am I being closed minded to the fact that it doesn’t matter how you conduct your accounts, as long as you win?

Yip. Scottish Football's governing bodies covering themselves in glory once more. The game needs to change. There needs to be a strong singular body who will basically tell clubs how much they are allowed to spend on their playing budget, as certain clubs clearly can't be trusted to run themselves efficiently (and legally). The wages/turnover ratio should never be allowed to be exceeded. It puts all of Scottish Football in jeopardy.

[PapillonVert]

Omnishambles.

Omniyambles??

Maybe should go in the Yamasaurus?

[#FromTheCapital]

They've just put another statement on their website titled 'changes explained' http://www.heartsfc.co.uk/articles/20121116/changes-explained_2241384_2982106

Doesn't explain much though!

[The Green Goblin]

Omniyambles??

Maybe should go in the Yamasaurus?


:top marks

Romaniyambles?

[Mikey]

They've just put another statement on their website titled 'changes explained' http://www.heartsfc.co.uk/articles/20121116/changes-explained_2241384_2982106

Doesn't explain much though!

Yesterday's explanation didn't point the finger at anyone, but obviously it's not their own fault.............


"However, it is disappointing that a key partner such as our merchant service provider did not share the same viewpoint and as such they have instructed us that supporters will no longer be able to purchase shares by credit or debit card from 5pm tonight.

:rolleyes:

[Sergey]

Yesterday's explanation didn't point the finger at anyone, but obviously it's not their own fault.............



:rolleyes:

I find it rather ironic that a club, who's owners ultimately own the majority of a bank, can't even negotiate a contract with a payment service provider.

That truly beggars belief.

[jacomo]

Omniyambles??

Maybe should go in the Yamasaurus?

Tis done. :greengrin

[duffers]

They've just put another statement on their website titled 'changes explained' http://www.heartsfc.co.uk/articles/20121116/changes-explained_2241384_2982106

Doesn't explain much though!

"The club was obviously pleased that the tax authorities recognised our endeavours to stabalise our financial position and is looking forward to working togetherto ensure all agreed payments are made on schedule"

Im sure HMRC can't wait.....

[Spike Mandela]

I know it's laughable, but it's also possible.

At a time when UBIG need cash, if that's the only offer on the table, that is what they will have to accept. I have been saying for years (to the boredom of my friends and family) that someone will pick up the club for sweeties, either in an insolvency or otherwise.

I think Vlad would take his chances in an insolvency event before losing face and selling off everything on the cheap to some oppurtunistic widos. It's an ego thing imo.

[Emerald]

I think Vlad would take his chances in an insolvency event before losing face and selling off everything on the cheap to some oppurtunistic widos. It's an ego thing imo.

You can't really do a share issue for £1.8m representing 10% of the club and then sell 100% of it for £4.5m. On these calculations excluding debts tax cases etc, that would amount to only 25% of his valuation. I think he's gonna blow the conning tower of the sub shortly if any more of these offers come in. :greengrin

[Onion]

So...
St Mirren (as far as we know) have played within the financial rules and tomorrow will be fielding players they could/can only afford because they have some integrity and have abided with those rules.

Hearts on the other hand will be fielding players that have been bought and paid for with borrowed / unpaid tax money.

If you take the assumption that players are worth / paid in accordance to skill level, Then Hearts will field a more skilful team than St Mirren.
This in turn, means (in theory) Hearts have an unfair advantage (in terms of keeping / not keeping within the financial rules).

Should they have this advantage with the endorsement of the tax man?

Or am I being closed minded to the fact that it doesn’t matter how you conduct your accounts, as long as you win?

The simple answer is, yes. Now that they have (allegedly) agreed a payback deal with HMRC, the tax man is just like any other lender. Terms have been agreed for the repayment of the "loan" with penalties if they don't - so no different to going to your local bank.

The situation changes if they default on that agreement and the club either goes into Admin or is liquidated. In that case, the SPL/SFA should assess, based on their financial record/position what unfair advantage they had up to the point where they went bust and then:

1. hammer the owners, the club, and the company.
2. indemnify any club that was seriously impacted by the Yams unfair advantage eg relegated.
3. strip the club of any trophies/titles they achieved through the unfair advantage eg in the Yams case, this is likely to incl the SC.

[The_Sauz]

Money for Nothing as Mark Knopfler sang


http://youtu.be/FDJPiUPZxdc?hd=1

[Onion]

You can't really do a share issue for £1.8m representing 10% of the club and then sell 100% of it for £4.5m. On these calculations excluding debts tax cases etc, that would amount to only 25% of his valuation. I think he's gonna blow the conning tower of the sub shortly if any more of these offers come in. :greengrin

Frankly, £1.8m for a (minority) 10% share of the company is ludicrous - Only fools would pay that kind of money for HMFC in its current position. And Vlad knows it. Haven't the Yams read about the Emperor's new clothes :confused:

So, Vlad must value the club at more than £18 million :aok:

[The_Sauz]

Understanding is Vlad never owned Minsk - he just sponsored the club.


In early 2012 the club was abandoned by their main sponsor Vladimir Romanov (http://en.wikipedia.org/wiki/Vladimir_Romanov) and consequently wasn't able to keep any of the first team players or obtain the Premier League license.[2] (http://en.wikipedia.org/wiki/FC_Partizan_Minsk#cite_note-2) Partizan withdrew from the Premier League, leaving it with only 11 teams.[3] (http://en.wikipedia.org/wiki/FC_Partizan_Minsk#cite_note-3) As of March 2012 the club is struggling to join Second League (http://en.wikipedia.org/wiki/Belarusian_Second_League) for the upcoming season. Due to problems with license Partizan Minsk was not able to take part in Second League (http://en.wikipedia.org/wiki/Belarusian_Second_League). Currently the team is playing in Third League (http://en.wikipedia.org/w/index.php?title=Belarusian_Third_League&action=edit&redlink=1) which is known as Championship of Minsk city

So he done a dirty on them as well :agree:

[Onion]

Yesterday's explanation didn't point the finger at anyone, but obviously it's not their own fault.............



:rolleyes:

What a bunch of amateurs. IMHO their "partner" has woken up to the fact that what the Yams are doing is immoral at best but more likely illegal. They are fleecing the public of money under the guise of a share issue based on a fictitious valuation that bears no resemblance to the actual financial position of the company, while deliberately withholding material information- such as their outstanding tax bills and other debts.

Obvious question: where is the Financial Services Authority and other regulators, and why are they not all over this "scam" like a rash ? When the **** hits the fan(s) and this all unravels, serious questions will be asked about consumer protection.

[KeithTheHibby]

Another thing worth mentioning; given the yams league position most would have expected McGlynn to have been emptied now.
The mad one has sacked managers for less. They clearly have no cash and sacking this clown must be so far down the agenda that it's not worth mentioning or considering.

[The_Sauz]

This is the bit I dont really get. Do the Yams really think that Vlad gives a ***** what happems to them? Seriously? The man has previous and if he does it in/to Kaunas, where he made his name and his companies are based, then he is not going to give a second thought to putting a cap in their ass.

If someone wants Hearts any bid to Vlad is going to have to be in the region of £8m -£10m (and thats with the debt, and a debt free club is going to take a bid of around £17m to even get Vlad's attention.

While its all very well to say it's only worth what someone is prepared to pay, and technically it's worth hee haw, it's equally true to say that its worth whatever Vlad wants it to be worth. Its his to do with whatever he wants and always was from the day Foulkes and Deans and Robinson welcomed the man as their saviour.

Vlad is selling and if they want to buy they will have to meet his valuation, if they dont he has shown elsewhere what he will do.

Try £30m (at least) for the assets & a debt free club.....remember it's Vlad we are talking about :wink:

[jacomo]

What a bunch of amateurs. IMHO their "partner" has woken up to the fact that what the Yams are doing is immoral at best but more likely illegal. They are fleecing the public of money under the guise of a share issue based on a fictitious valuation that bears no resemblance to the actual financial position of the company, while deliberately withholding material information- such as their outstanding tax bills and other debts.

Obvious question: where is the Financial Services Authority and other regulators, and why are they not all over this "scam" like a rash ? When the **** hits the fan(s) and this all unravels, serious questions will be asked about consumer protection.

I know... you would have thought that coercing money out of stupid people by claiming it's an "investment" and that their club is at risk if they don't stump up.

But what do I know?

[gogse]

The simple answer is, yes. Now that they have (allegedly) agreed a payback deal with HMRC, the tax man is just like any other lender. Terms have been agreed for the repayment of the "loan" with penalties if they don't - so no different to going to your local bank.

The situation changes if they default on that agreement and the club either goes into Admin or is liquidated. In that case, the SPL/SFA should assess, based on their financial record/position what unfair advantage they had up to the point where they went bust and then:

1. hammer the owners, the club, and the company.
2. indemnify any club that was seriously impacted by the Yams unfair advantage eg relegated.
3. strip the club of any trophies/titles they achieved through the unfair advantage eg in the Yams case, this is likely to incl the SC.

Agree, But how many loans should they get from the taxman?
Look at this article from February this year (10 months ago)...

http://www.accountancyage.com/aa/news/2144704/hearts-football-club-court-action-unpaid-tax

How other clubs work (and correctly so), is they don’t take “loans” from the taxman and pay their tax on time (hindering their cash flow in comparison to Hearts).

If all the other clubs worked in the same way as Hearts then there would be a level playing field.

But the fact that Hearts have used tax money to pay for better players, to gain league position/European games in the hope of a higher financial return (so they can pay back the tax at a later date) .

All at the expense of teams paying their tax on time.

I know they shall reap what they sow, but the tax man letting them off for a few weeks gives (in my opinion) an unfair advantage over St Mirren.

If Hearts survive, it will just compound the issue of unfairness to all the teams they have beaten as a result of late payment of tax.

Rant over.

[7062]

Agree, But how many loans should they get from the taxman?
Look at this article from February this year (10 months ago)...

http://www.accountancyage.com/aa/news/2144704/hearts-football-club-court-action-unpaid-tax

How other clubs work (and correctly so), is they don’t take “loans” from the taxman and pay their tax on time (hindering their cash flow in comparison to Hearts).

If all the other clubs worked in the same way as Hearts then there would be a level playing field.

But the fact that Hearts have used tax money to pay for better players, to gain league position/European games in the hope of a higher financial return (so they can pay back the tax at a later date) .

All at the expense of teams paying their tax on time.

I know they shall reap what they sow, but the tax man letting them off for a few weeks gives (in my opinion) an unfair advantage over St Mirren.

If Hearts survive, it will just compound the issue of unfairness to all the teams they have beaten as a result of late payment of tax.

Rant over.

A very good rant though.

[CropleyWasGod]

Agree, But how many loans should they get from the taxman?
Look at this article from February this year (10 months ago)...

http://www.accountancyage.com/aa/news/2144704/hearts-football-club-court-action-unpaid-tax

How other clubs work (and correctly so), is they don’t take “loans” from the taxman and pay their tax on time (hindering their cash flow in comparison to Hearts).

If all the other clubs worked in the same way as Hearts then there would be a level playing field.

But the fact that Hearts have used tax money to pay for better players, to gain league position/European games in the hope of a higher financial return (so they can pay back the tax at a later date) .

All at the expense of teams paying their tax on time.

I know they shall reap what they sow, but the tax man letting them off for a few weeks gives (in my opinion) an unfair advantage over St Mirren.

If Hearts survive, it will just compound the issue of unfairness to all the teams they have beaten as a result of late payment of tax.

Rant over.

There has been a change in HMRC's attitude in recent years in relation to unpaid and late paid tax.

Before this most recent recession, they would "sue and be damned", which often led to insolvency, people being made redundant, the loss of the tax on their wages, and the State having to stump up in benefits. It cost you and I money, but the Revenue's point was made.

In recent years, however, they have had a more co-operative attitude. Partly, that recognises how difficult it is to run a business these days, but it also reflects a more commercial approach. By giving businesses a little more time, the flow of tax money keeps going. Using Hearts' example, if HMRC had played hard-ball the first or second time they were late with their PAYE, that would have been it.... no more money for UK plc. Thus far, however, Hearts have always paid eventually; HMRC's approach has been successful in that respect.

It is, of course, complicated by the fact that we are talking about an industry that is directly competitive and can result in unfairness as a result of not paying one's way.

One should also not lose sight of HMRC's role to apply the law, and to be seen to apply it, to discourage others. It is not an easy balance to strike for them.

[7062]

Although all it would be met with is probably another pointless player registration embargo, does anyone know if the players/staff that have not agreed to have their wages deferred have been paid today?

[Hibercelona]

Besides a short term transfer embargo. Have Hearts actually ever received any other punishments for their blatant years of cheating?

Why is it, that only at "Hearts" you can get away with doing whatever you like? While every other club that lives in the real world, has to abide by the rules?

They should have been dead and buried ages ago, but instead, the powers that be are too afraid to place any more sanctions on them, incase they go pop.

The games a joke! Die you ********!! :grr:

[green glory]

Is there any info on the court of session appearance today? And more importantly have they actually stumped up any cash for Hector yet?

[Golden Bear]

Besides a short term transfer embargo. Have Hearts actually ever received any other punishments for their blatant years of cheating?

Why is it, that only at "Hearts" you can get away with doing whatever you like? While every other club that lives in the real world, has to abide by the rules?

They should have been dead and buried ages ago, but instead, the powers that be are too afraid to place any more sanctions on them, incase they go pop.

The games a joke! Die you ********!! :grr:

Friends in high places is the answer. They are the Establishment team after all.

[CropleyWasGod]

Is there any info on the court of session appearance today? And more importantly have they actually stumped up any cash for Hector yet?

No mention of their case on the C Of S website, for yesterday or today.

Are you sure it's the Court of Session, and not the Sheriff Court?

[hibs0666]

There has been a change in HMRC's attitude in recent years in relation to unpaid and late paid tax.

Before this most recent recession, they would "sue and be damned", which often led to insolvency, people being made redundant, the loss of the tax on their wages, and the State having to stump up in benefits. It cost you and I money, but the Revenue's point was made.

In recent years, however, they have had a more co-operative attitude. Partly, that recognises how difficult it is to run a business these days, but it also reflects a more commercial approach. By giving businesses a little more time, the flow of tax money keeps going. Using Hearts' example, if HMRC had played hard-ball the first or second time they were late with their PAYE, that would have been it.... no more money for UK plc. Thus far, however, Hearts have always paid eventually; HMRC's approach has been successful in that respect.

It is, of course, complicated by the fact that we are talking about an industry that is directly competitive and can result in unfairness as a result of not paying one's way.

One should also not lose sight of HMRC's role to apply the law, and to be seen to apply it, to discourage others. It is not an easy balance to strike for them.

There is no doubt though that more relaxed behaviours are distorting the market and (unfairly IMO) advantage ****** clubs (in maroon) over pristine clubs (in green).

[CropleyWasGod]

There is no doubt though that more relaxed behaviours are distorting the market and (unfairly IMO) advantage ****** clubs (in maroon) over pristine clubs (in green).

One might argue (and I'm playing devil's advocate here) that they are helping to maintain the market... and that is preferable, in commercial terms, to UK plc.

[Smidge]

The card holder can't just cancel the transaction, that's wrong. Debit card payments should be treated like cash, once the payment is agreed legitimately (I.e. with the card holder's authorisation) then payment is guaranteed to the merchant. If the card holder no longer wanted to go through with the sale then they need to go through the merchant (I.e. the yams).

Credit cards are slightly different but the principle is the same in that you can't just cancel the payment because you changed your mind.

Sorry, if I was unclear. The principle, however, is that the credit card holder can ultimately claim their money back from their card issuer if the service they have paid for doesn't materialise or is defective and they payee doesn't refund themselves. For example, if they had paid for non-existent shares in a company that "suddenly" became insolvent or tickets for a sporting event that doesn't take place because one party has "suddenly" become insolvent. It might also be the case that this would apply in the first example if the company offering shares did so in a manner that could be borderline fraudulent, e.g. leaving out some of their liabilities from the prospectus.

The cardholder has the same rights against their card issuer as they would against the person who ultimately received their payment. The card issuer then would pursue the payee through the system, hence the need for indemnities/insurance for those who lack credit worthiness.

Obviously, this only applies to credit cards, however, you would have to withdraw the full facilities these days as I don't think they would be able to discriminate between Visa Credit and Visa Debit cards.

[Keith_M]

Is there any info on the court of session appearance today? And more importantly have they actually stumped up any cash for Hector yet?


Could someone point me to an article that definitely states they HAVE to pay the first installment by today at the latest? It seems to have been mentioned on here a number of times but I've yet to ready anything that states this so precisely.

(not a dig at you, GG)

[CropleyWasGod]

Could someone point me to an article that definitely states they HAVE to pay the first installment by today at the latest? It seems to have been mentioned on here a number of times but I've yet to ready anything that states this so precisely.

(not a dig at you, GG)

I think it's assumption more than anything, TBH.

I, for one, would have expected HMRC to demand part-payment this week; that would be normal.

However, the clock is ticking.... wages today, and another PAYE payment due next Thursday. Going by Hearts' own statement, the latter is a must.

[HUTCHYHIBBY]

To be fair, you're hardly Mr Optimism either. :greengrin

Going by their user names it looks like Jim was 24 when his laddie was born! ;-)

[Golden Bear]

To be fair to Jim44, I played golf with him in heavy rain where he pulled on a pair of marigolds with the theory that as the gloves and grips were both rubber, a better purchase would be achieved. If that's not optimism I don't know what is!

Jim's latest weapon against the wet weather is his £30 pair of waterproof socks which apparently are the real deal.

Are you there Jim?


:greengrin

[s.a.m]

There is no doubt though that more relaxed behaviours are distorting the market and (unfairly IMO) advantage ****** clubs (in maroon) over pristine clubs (in green).

While I completely agree with you, I think they would argue that it's the job of the football authorites to set the parameters and regulations for fair competition, while theirs is simply the collection of tax. A less spineless governing body (along with less selfish clubs) might have agreed rules to ensure this.

[green glory]

Could someone point me to an article that definitely states they HAVE to pay the first installment by today at the latest? It seems to have been mentioned on here a number of times but I've yet to ready anything that states this so precisely.

(not a dig at you, GG)

I've seen it mentioned a lot here too so not entirely sure. Yams at work saying the first £225,000 was paid last night. There doesn't seem to be any confirmation in the media though. You'd think HoMFC would be trumpeting this from the rooftops as would Yam friendly hacks like Barry Anderson in the EEN? Not a peep anywhere though including the many journos I have on Twitter.

[Jim44]

To be fair to Jim44, I played golf with him in heavy rain where he pulled on a pair of marigolds with the theory that as the gloves and grips were both rubber, a better purchase would be achieved. If that's not optimism I don't know what is!

Keep up, Dave. Marigolds are old hat now. I've progressed to 'Gripz' ........ they're the dog's bollocks. :-)

[hibs0666]

One might argue (and I'm playing devil's advocate here) that they are helping to maintain the market... and that is preferable, in commercial terms, to UK plc.

But is it desirable to prop up a market with free loans from the taxpayer to a small number of basket cases? In my more liberal moments I would say yes. However, when it comes to those roasters I'm more of a jackboot nazi than Medals McKay. :wink:

[copycat]

My educated guess on the merchant services decision is due to the commission bill not being paid, all monies paid would go directly through once authorised, however, the retailer would then also pay a commission for their services and so I would think for them to take such a drastic decision is down to them not paying this and a relatively large amount outstanding, until this is paid there will be no merchant services.

Pretty poor and really shows just what a state they are in.

[Jim44]

Jim's latest weapon against the wet weather is his £30 pair of waterproof socks which apparently are the real deal.

Are you there Jim?


:greengrin

If these waterproof socks had fingers, the grip would be fantastic. :-)

[Niffy]

I use card services in 2 locations, and they take their cut off the money before it hits my account.
It takes 3-5 days usually to get the cash in... maybe Hearts couldn't wait that long ?

[Keith_M]

I think it's assumption more than anything, TBH.

I, for one, would have expected HMRC to demand part-payment this week; that would be normal.

However, the clock is ticking.... wages today, and another PAYE payment due next Thursday. Going by Hearts' own statement, the latter is a must.


I did wonder if people were just assuming this to be the case, with the court case being scheduled for today. TBF, there have been conflicting and confused reports in various papers and Hearts have made no definitive statement (despite their claims of transparency) about what's due and when. They haven't released details of who at the club is due to be paid today and if that has actually happened.

I've decided to work on the assumption that there was NO payment due, until I hear otherwise.

There will, however, be a payment due next week of the PAYE and NI deducted from October's wages. That should be interesting how they manage both that and a total of 450k by 3rd Dec (now only 17 days away). They then have to pay November and December's wages (presuming they're not also deferred) sometime in December along with the PAYE and NI for the November wages.

[jacomo]

It's sad that Robbo either doesn't realise he's been duped, or does realise yet is happy to keep the charade going:

http://www.scotsman.com/sport/football/spl/hearts-legend-john-robertson-praises-magnificent-fan-support-for-club-1-2641095


“The £450,000 bill that came out of the blue doesn’t change my stance at all. HMRC brought that out 24 hours after we’d launched the share scheme. It was strange timing from them but the main thing is that the club have arranged the two payments. If the fans keep donating, there’s real hope that we’ll raise the money we need.”

If they hit the £1.79m target for their share issue I'll eat my scarf.

[Phil D. Rolls]

It's sad that Robbo either doesn't realise he's been duped, or does realise yet is happy to keep the charade going:

http://www.scotsman.com/sport/football/spl/hearts-legend-john-robertson-praises-magnificent-fan-support-for-club-1-2641095



If they hit the £1.79m target for their share issue I'll eat my scarf.

Regardless of what happened before, or has happened since, I'll always be grateful to John Robertson's courageous defiance of the FTB during the takeover bid. Guys like him, and Jimmy Sandison showed true class in the way they appreciated exactly what was going on, and I have a lot of time for them both.

[jacomo]

Regardless of what happened before, or has happened since, I'll always be grateful to John Robertson's courageous defiance of the FTB during the takeover bid. Guys like him, and Jimmy Sandison showed true class in the way they appreciated exactly what was going on, and I have a lot of time for them both.

Yup, fair enough. Unfortunately, right now he's encouraging people to be effectively blackmailed into pouring their cash directly into Vlad's pocket. It's no right.

[weecounty hibby]

There seems to be a fair bit of revisionism on a few threads regarding the common or garden Jambo and how much help and by how many we got during the HOH battle against Mercer. I do remember Robertson at the HOH rally at the Usher Hall but my overriding memory of it all was most of them having a right good laugh at us. IMO that was the start of the misplaced arrogance that has now come back to bite them on the arse big time. They have got themselves into this mess and for their arrogance for years I for one don't care if they ever play another game of football.

[clerriehibs]

Yup, fair enough. Unfortunately, right now he's encouraging people to be effectively blackmailed into pouring their cash directly into Vlad's pocket. It's no right.

Eh? It's brilliant! Their club's screwed and it's double your money because all the trumpets are losing their money too.

[truehibernian]

Regardless of what happened before, or has happened since, I'll always be grateful to John Robertson's courageous defiance of the FTB during the takeover bid. Guys like him, and Jimmy Sandison showed true class in the way they appreciated exactly what was going on, and I have a lot of time for them both.

I was talking to a female friend of mine recently who knows Robertson well - not 'that well' - but very friendly with him and his family. Her words to me when talking football were 'aye dont be fooled about him being a Jambo.....John's never forgotten his first love of Hibs'

Now I of course challenged it but she got more and more angry at me questioning it - she's a Hearts fan herself and she was insistent that wee Robbo was a wee tortured soul. His children are split, supporting Hearts and Hibs, and George is a Hibs fan - Chris I'm sure played for Hearts - the old man I believe was a Hibee too.

She also had an axe to grind with him about cup final tickets so there's no love lost either :-)

[Phil D. Rolls]

There seems to be a fair bit of revisionism on a few threads regarding the common or garden Jambo and how much help and by how many we got during the HOH battle against Mercer. I do remember Robertson at the HOH rally at the Usher Hall but my overriding memory of it all was most of them having a right good laugh at us. IMO that was the start of the misplaced arrogance that has now come back to bite them on the arse big time. They have got themselves into this mess and for their arrogance for years I for one don't care if they ever play another game of football.

I agree, they deserve a massive fall for their arrogance, and the way they failed to heed the warnings from what went on at Hibs. Time and again, they let their inflated sense of their own worth get in the way of the sensible road - get rid of the debt, take the hit on the pitch and rebuild from there. It's ironic (well not really because it was so predictable and preventable) that they are actually worse off than they were when Romanov took over; that they will still lose their stadium - the whole basis of the original campaign to kill the Pieman.

That said, John Robertson deserves some credit for sticking up for us. I also remember his dignified behaviour during the game that followed the takeover. Other Hearts "legends" maybe didn't come out of it so well. It is the likes of them and their arrogant supporters that I want to see suffer big time.

[WindyMiller]

There seems to be a fair bit of revisionism on a few threads regarding the common or garden Jambo and how much help and by how many we got during the HOH battle against Mercer. I do remember Robertson at the HOH rally at the Usher Hall but my overriding memory of it all was most of them having a right good laugh at us. IMO that was the start of the misplaced arrogance that has now come back to bite them on the arse big time. They have got themselves into this mess and for their arrogance for years I for one don't care if they ever play another game of football.


:agree::agree:


Even though I've bought tickets for the cup-tie, I'd happily give up the money.

[Saorsa]

There seems to be a fair bit of revisionism on a few threads regarding the common or garden Jambo and how much help and by how many we got during the HOH battle against Mercer. I do remember Robertson at the HOH rally at the Usher Hall but my overriding memory of it all was most of them having a right good laugh at us. IMO that was the start of the misplaced arrogance that has now come back to bite them on the arse big time. They have got themselves into this mess and for their arrogance for years I for one don't care if they ever play another game of football.and I for two.

[cocopops1875]

and I for two.
I really feel it would be a waste of my cup top up :greengrin I would cope i reckon:thumbsup:

[Springbank]

I'd love our cup winning road to hampden to begin 2 dec : Bye

[Hibrandenburg]

I agree, they deserve a massive fall for their arrogance, and the way they failed to heed the warnings from what went on at Hibs. Time and again, they let their inflated sense of their own worth get in the way of the sensible road - get rid of the debt, take the hit on the pitch and rebuild from there. It's ironic (well not really because it was so predictable and preventable) that they are actually worse off than they were when Romanov took over; that they will still lose their stadium - the whole basis of the original campaign to kill the Pieman.

That said, John Robertson deserves some credit for sticking up for us. I also remember his dignified behaviour during the game that followed the takeover. Other Hearts "legends" maybe didn't come out of it so well. It is the likes of them and their arrogant supporters that I want to see suffer big time.

Robbo was in two minds before he signed for Hearts. He was an out and out Hibby and the Hibs were the dominant team in Edinburgh at the time. What he went on to acheive at the team of his 2nd choice was and still is admirable. He showed class against his adopted team when Mercer was trying to kill us and for that reason alone he will always have my admiration. However the vast majority of them were already dancing on our grave and subsequently have shown no class in the years that followed the Mercer takeover bid and for that reason I can't show the same compassion the the wee man showed, I just want them dead and buried.

[edinburghhibee]

Robbo was in two minds before he signed for Hearts. He was an out and out Hibby and the Hibs were the dominant team in Edinburgh at the time. What he went on to acheive at the team of his 2nd choice was and still is admirable. He showed class against his adopted team when Mercer was trying to kill us and for that reason alone he will always have my admiration. However the vast majority of them were already dancing on our grave and subsequently have shown no class in the years that followed the Mercer takeover bid and for that reason I can't show the same compassion the the wee man showed, I just want them dead and buried.

But he did show the compassion, never forget that

[givescotlandfreedom]

I didn't see a lot of compassion a few months ago (though have nothing particular against Robertson). Let them die.

[The Green Goblin]

Robbo was in two minds before he signed for Hearts. He was an out and out Hibby and the Hibs were the dominant team in Edinburgh at the time. What he went on to acheive at the team of his 2nd choice was and still is admirable. He showed class against his adopted team when Mercer was trying to kill us and for that reason alone he will always have my admiration. However the vast majority of them were already dancing on our grave and subsequently have shown no class in the years that followed the Mercer takeover bid and for that reason I can't show the same compassion the the wee man showed, I just want them dead and buried.

Why didnt he sign for us? (Genuine question)

[MrSmith]

Why didn't he sign for us? (Genuine question)

My recollection, from an article at the time, was that he had the opportunity to sign for either Hibs or Hearts. However, he was training with Hibs when his dad died. Apparently Eddie Turnbull gave him and ultimatum to sign by a specific date or don't sign at all and he did just that - didn't sign. John said he was completely devastated by his dads death and was fairly upset by Hibs demands at that point when all he wanted to do was bury his dad! And the rest, as they say ... is history!

Sketchy at best but that is my recollection.