Share Transfers Agreed/Cooling off period

[Jim44]

It's been a blast and maybe the fat lady hasn't started her Aria but she's still waiting in the wing practising her scales. Yams, this ain't over YET! There's more pain to come.

I'm afraid, you're the only one who's going to feel more pain if you keep torturing yourself with the vain hope that they could yet come unstuck. A soothing tonic of a revived Hibs team in the next five games and the flatness ('tho they won't admit it) and anti-climax that hits them when the reality of playing with the other minnows sinks in.

[Craig_in_Prague]

Try putting your hatred of hearts to one side and letting your love of Hibernian rule your head for a day or two. You will feel much better. :greengrin

I will try mate :-)

A Hibs win and SPL safety ASAP, would be nice.

Re. others above; I think they will get back up 1st time, they'll have good crowds & be still in a position to afford better players than others (bar their big cousins).... and let's not pretend that's a strong league, they'll come back up via the play offs.

[green day]

For what its worth -

Friend / Colleague of mine is a tynecastle season ticket holder, but dont hold that against him, actually a decent guy. Loves to beat us of course, but not stupid enough to think that their financial rollercoaster was consequence free.

Oddly enough, he knows I Am an MP personally too - but had no more inside info than anything on this board. Indeed, Murray told him the same as some of the guys on here, i.e. it was pretty touch and go for a while.

So the mood among sensible people like him yesterday was not "get it right up ye hibees", more relief that his team was still there for him to support.

He said this on thursday:


They spent money they didnt have
They stiffed lots of businesses out of money and in among the glee and euphoria this has been forgotten
The hard work now begins - and Murray also said privately that this is just the start
They will be skint for years, it is vital that they re-sign some of those promising youngsters
DDs will provide some cash, but not being in the top div is a huge financial blow
2 seasons in the first div (I'm no calling it a championship) is reaslistic
H

e also laughed and said there is chat about re-signing skacel, something he thinks is daft, but will galvanise fans

Final point, him and I have debated football - to paraphrase (me - how they cheated their way through last 25 years) (him - we are a bunch of underachieving losers) - but all in a decent style.

Neither of us gives it the big one after a derby win - as we know the shoe will shortly be on the other foot.

I reckon that he is representative of the non-kickback / EEN commentators hearts fans - and if that is the case, they know full well and are expecting this to be a very, very tough few years. They may have good season ticket sales next year, but unless those daft laddies accept the £40K PA wages on offer, they may struggle big time to return to the top flight.

........of course, if The Huns go bust again next year??????

[Kato]

Bad luck getting two Jambo delivery men in Paris...

Sighthill actually. Where it says Paris there, that's just pixels, like most things on here.

[greenpaper55]

Try putting your hatred of hearts to one side and letting your love of Hibernian rule your head for a day or two. You will feel much better. :greengrin

:top marksTime to focus on us getting better and moving on, that lot are not worth the time of day, onwards and upwards.

[Jim44]

For what its worth -

Friend / Colleague of mine is a tynecastle season ticket holder, but dont hold that against him, actually a decent guy. Loves to beat us of course, but not stupid enough to think that their financial rollercoaster was consequence free.

Oddly enough, he knows I Am an MP personally too - but had no more inside info than anything on this board. Indeed, Murray told him the same as some of the guys on here, i.e. it was pretty touch and go for a while.

So the mood among sensible people like him yesterday was not "get it right up ye hibees", more relief that his team was still there for him to support.

He said this on thursday:


They spent money they didnt have
They stiffed lots of businesses out of money and in among the glee and euphoria this has been forgotten
The hard work now begins - and Murray also said privately that this is just the start
They will be skint for years, it is vital that they re-sign some of those promising youngsters
DDs will provide some cash, but not being in the top div is a huge financial blow
2 seasons in the first div (I'm no calling it a championship) is reaslistic
H

e also laughed and said there is chat about re-signing skacel, something he thinks is daft, but will galvanise fans

Final point, him and I have debated football - to paraphrase (me - how they cheated their way through last 25 years) (him - we are a bunch of underachieving losers) - but all in a decent style.

Neither of us gives it the big one after a derby win - as we know the shoe will shortly be on the other foot.

I reckon that he is representative of the non-kickback / EEN commentators hearts fans - and if that is the case, they know full well and are expecting this to be a very, very tough few years. They may have good season ticket sales next year, but unless those daft laddies accept the £40K PA wages on offer, they may struggle big time to return to the top flight.

........of course, if The Huns go bust again next year??????

Level headed post. The only thing I disagree with is that they will remain 'skint' for any length of time. Once their safety is beyond doubt, there will be a few wealthy punters queuing up to swell the funds ( I'm not sure how this would sit with Budge's business plan and the eventual 'fan ownership' ideal, but I think ways will be found to let others join the party) so I don't think lack of cash will be an issue.

[Phil D. Rolls]

At least a season (maybe several) in the lower leagues and a level playing field from now on. I would have taken that this time last year. Me personally am miffed that their financial doping probably cost us a scottish cup. They wouldn't have got there in 2006 paying normal rates.
This rivalry is as poisonous as i've ever known it now.

Take it you weren't at that game. Anybody would have beaten us that day.

[PatHead]

Level headed post. The only thing I disagree with is that they will remain 'skint' for any length of time. Once their safety is beyond doubt, there will be a few wealthy punters queuing up to swell the funds ( I'm not sure how this would sit with Budge's business plan and the eventual 'fan ownership' ideal, but I think ways will be found to let others join the party) so I don't think lack of cash will be an issue.

May be the case but where were these wealthy Jambos the last twice they were looking for investment? I think there are about as many wealthy Jambos as Hibbys and they have been lucky to unearth the Purple One.

God knows what we will do once STF is no longer around.

[emerald green]

Pishy Breeks Speaks... http://www.bbc.co.uk/sport/0/football/27062505

"Now" Sharts are in the right hands... Where have I heard that before... :cb

When it was looking like they were heading for liquidation he was nowhere to be seen & keeping his head down. Politicians like him make me want to puke. Pass the sick bag.

[Craig_in_Prague]

Level headed post. The only thing I disagree with is that they will remain 'skint' for any length of time. Once their safety is beyond doubt, there will be a few wealthy punters queuing up to swell the funds ( I'm not sure how this would sit with Budge's business plan and the eventual 'fan ownership' ideal, but I think ways will be found to let others join the party) so I don't think lack of cash will be an issue.

Totally agree. They won't be skint at all, far from it.

Still, if cash is thrown at them - and they pay their taxes, their rates, even their players and all other service providers on time, every time - then people can throw whatever money they want at them.

I find it disgusting that a club can actually get away with what they've done, for years upon years.
Not paying your own fking council, for your own training facilities, robbing your own designated charities, screwing HMC&E, and well, we know the rest -
There should be tighter rules, regulation and fair play put in place - a long time ago.
SFA/SPL/FIFA; someone somehow should have never have let a poky wee scottish club ***** the best part of 70M away.

the fact only hibs.net seems to care and know about the whole cheating history, says more for our general public in Scotland. Even some hearts fans themselves, don't even know much about the companies they've screwed.
the mind boggles.

[Bostonhibby]

Level headed post. The only thing I disagree with is that they will remain 'skint' for any length of time. Once their safety is beyond doubt, there will be a few wealthy punters queuing up to swell the funds ( I'm not sure how this would sit with Budge's business plan and the eventual 'fan ownership' ideal, but I think ways will be found to let others join the party) so I don't think lack of cash will be an issue.

I think this makes sense, but ironically a few cash rich yammish joining the party would be interesting.

The 400,000 did part with their money rather easily when vlad was filling the car boot for his escape fund so FOH, having soaked them again under the banner of "fan ownership" only have to respin it again - presumably the favoured few who cough up the cash will be "fans" in some shape or form - bingo - fan ownership............Simples.

[Phil D. Rolls]

if they slither of the hook with this one lets look back i have been a hibby for many years now and i remember 3 cup wins the Drybury Cup and 2 League Cup wins which makes 3 they have only one 2 cups in the same period.
3 is more than 2 despite what spin these yams put on it, furthermore they are now relegated and probably will be down for a few seasons :na na:

Ah, that makes me nostalgic. Dryburys were never much of a brewery, but their sponsorship of football and cultural events, like the jazz festival should be applauded.

Forgive me, my memory is not what it was. Have we not won the League Cup three times? I'd have thought EVERY Hibs supporter would know that.

[CropleyWasGod]

Ah, that makes me nostalgic. Dryburys were never much of a brewery, but their sponsorship of football and cultural events, like the jazz festival should be applauded.

Forgive me, my memory is not what it was. Have we not won the League Cup three times? I'd have thought EVERY Hibs supporter would know that.

And every Hearts supporter would have known that they won the SC 3 times.

Still, I've already established that his arithmetic is, um, skewed.

#1+5=70m.

[Waxy]

Take it you weren't at that game. Anybody would have beaten us that day.

I was at the game. I try not to think about it.

[Phil D. Rolls]

May be the case but where were these wealthy Jambos the last twice they were looking for investment? I think there are about as many wealthy Jambos as Hibbys and they have been lucky to unearth the Purple One.

God knows what we will do once STF is no longer around.

Maybe they were put off by having to clear the debt? As for us, we have no option but to live within our means - its the only way to survive in the modern game, I'd have thought.


I was at the game. I try not to think about it.

Pity the Hibs team weren't there. Still, at least we have the compensation of knowing that Hearts spent much more than they needed to. The result being, they ended up skint, and in Division One for the foreseeable future.

If only I could believe that. Sigh.

[Hibrandenburg]

such as?

i'd say shedding the debt they have (best part of 70M), 1 season out the top league (we may follow suit & not get back to top league ourselves for 2 years) and come back in better financial state than other clubs, is a pretty good outcome.

all this pain & hearts never being good again stuff, sounds good, but I just dont buy it though.

Oh they'll come back alright, but they now have to play within their means and even below their potential for several years. They might avoid liquidation, they might not but they can't avoid the mess they're still in.
They've got a whole generation of fans who believe they can spend spend spend who'll have to come to terms with the fact that they need to save save save and all the time the fans will have to continue to pay pay pay. It's not long before those same fans will be asking why am I paying for this crap and that's when the infighting begins.Tincastle won't be a fun place to be for a while yet

[Kato]

- its the only way to survive in the modern game, I'd have thought.



Apart from having politicians inviting money launderers in to run your club into the ground then having the same politicians grub your way out of the inevitable insolvency, your right.

[Ronniekirk]

Totally agree. They won't be skint at all, far from it.

Still, if cash is thrown at them - and they pay their taxes, their rates, even their players and all other service providers on time, every time - then people can throw whatever money they want at them.

I find it disgusting that a club can actually get away with what they've done, for years upon years.
Not paying your own fking council, for your own training facilities, robbing your own designated charities, screwing HMC&E, and well, we know the rest -
There should be tighter rules, regulation and fair play put in place - a long time ago.
SFA/SPL/FIFA; someone somehow should have never have let a poky wee scottish club ***** the best part of 70M away.

the fact only hibs.net seems to care and know about the whole cheating history, says more for our general public in Scotland. Even some hearts fans themselves, don't even know much about the companies they've screwed.
the mind boggles.
You start to think is it just coincidence that the play off were introduced when they were as it was clear hearts were going into administration and Sevco were on there way to buying and overspending thier way back into the top league So how convenient is it that they are both in the championship next season and both could come up .
Love the fact in the Dailly Record today on the hotline hearts fans not only have themselves back up in a season and debt free but challenging Celtic .Not a mention of how they got into the mess they did and how others have lost out financially .It just shows that there is no remorse and the gloat fest has begun already .
I really do hope we beat them in the Derby and put them in thier place as nothing but us beating them will do this .
I do hope the Budgie gets off that perch of hers and makes a media statement when the rubber stamp finally gives al this the sign of approval .In this she should clearly lay out the Wrongs and make it clear what the level of Financial mismanagement was and set out clearly and Transparently how the club will be run over next few years .
Anything short of this just rubs salt into the wounds of those who didn't get their money .
Sevco now know they have Competition and will be interesting to see wages on offer at both clubs .
I am not sure lessons have been learnt from Sevco debacle as it seems to me it's all self congratulatory slaps on the back all round and makiing it clear they are back and will be biggest and best team in the Capitol etc.
so if that can't be used by Butcher as motivation for players then nothing will .

[Phil D. Rolls]

Apart from having politicians inviting money launderers in to run your club into the ground then having the same politicians grub your way out of the inevitable insolvency, your right.

Oh well, back on Planet Earth, I suppose we just have to get on with it.

[Deansy]

At least a season (maybe several) in the lower leagues and a level playing field from now on. I would have taken that this time last year. Me personally am miffed that their financial doping probably cost us a scottish cup. They wouldn't have got there in 2006 paying normal rates.
This rivalry is as poisonous as i've ever known it now.

If so, I hope all-concerned at ER use this to galvanise current/future players as they do at the PBS - sick of losing games we SHOULD'VE won because 'their players wanted it more' !


Oh they'll come back alright, but they now have to play within their means and even below their potential for several years. They might avoid liquidation, they might not but they can't avoid the mess they're still in.
They've got a whole generation of fans who believe they can spend spend spend who'll have to come to terms with the fact that they need to save save save and all the time the fans will have to continue to pay pay pay. It's not long before those same fans will be asking why am I paying for this crap and that's when the infighting begins.Tincastle won't be a fun place to be for a while yet

Spot-on - and going by the comments coming out of the PBS since their 'Great Escape', the muppet-mentality is STILL alive and kicking - totally incapable of learning absolutely SFA !!

[stevejordan]

They still have 10% to go and it seems to be the hardest bit the rumours of unrest among the UBIG Creditors could still scupper things before the 27th April fingers crossed.

[CropleyWasGod]

They still have 10% to go and it seems to be the hardest bit the rumours of unrest among the UBIG Creditors could still scupper things before the 27th April fingers crossed.

What rumours are these?

[Greenworld]

They still have 10% to go and it seems to be the hardest bit the rumours of unrest among the UBIG Creditors could still scupper things before the 27th April fingers crossed.

What rumours and from who had enough of these claims
its done and dusted live with it

[stevejordan]

What rumours are these?


It was on the radio said there was unrest with some of the UBIG Creditors who wanted more money for the 50% and that they can still object during the cooling off period so not done and dusted yet.

[Greenworld]

It was on the radio said there was unrest with some of the UBIG Creditors who wanted more money for the 50% and that they can still object during the cooling off period so not done and dusted yet.

Ok radio gaga was it

[Waxy]

It was on the radio said there was unrest with some of the UBIG Creditors who wanted more money for the 50% and that they can still object during the cooling off period so not done and dusted yet.

It'll just take a wee intervention from Salmond to sort that out.peeing against the wind. The yams are above justice.

[CropleyWasGod]

It was on the radio said there was unrest with some of the UBIG Creditors who wanted more money for the 50% and that they can still object during the cooling off period so not done and dusted yet.

Given your previous, I'll wait for someone else to say it, thanks.

[lord bunberry]

What rumours are these?

It was said at the time of the agreement to transfer the 50% shareholding that the decision wasn't made unanimously.

[Kato]

Oh well, back on Planet Earth, I suppose we just have to get on with it.

Sadly what I describe happened on Planet Earth.

[CropleyWasGod]

It was said at the time of the agreement to transfer the 50% shareholding that the decision wasn't made unanimously.

This I know, but that doesn't mean that the vote won't be respected.

I'm moaning about the source, of course. :wink:

[PatHead]

This I know, but that doesn't mean that the vote won't be respected.

I'm moaning about the source, of course. :wink:

Who was the source? or have I gone hook, line and sinker?

[CropleyWasGod]

Who was the source? or have I gone hook, line and sinker?

The poster who claimed there was unrest.

[Phil D. Rolls]

Sadly what I describe happened on Planet Earth.

Ever get that horrible feeling when you wake up and realise something did happen, and that you didn't dream it?

[Phil D. Rolls]

It was on the radio said there was unrest with some of the UBIG Creditors who wanted more money for the 50% and that they can still object during the cooling off period so not done and dusted yet.

Sorry, but that is just playing on words. Given what they were told about the true value of the PBS, it would be amazing if the decision was unanimous. Everybody knows there's a cooling off period, but it would have been real folly to make thus weeks announcement if there was a significant chance of the deal getting blocked.

No, let the Yams celebrate escaping the chair - but the reality of life imprisonment awaits those cheating conniving no-marks. I know you will agree with those sentiments.

Honest

[greenpaper55]

I posted a link to a BBC article last night which mentioned that the FOH have to hand over 1 million as soon as the deal is done and then 1.2 million for the next two seasons just to pay back the budgie wuman, hope the fans are ready for this as i can see the DD"s dropping once the deal is done.

[the_ginger_hibee]

That's it folks...get another dose of false hope based on a wild forum post on the internet. We've never done that before.

[Phil D. Rolls]

That's it folks...get another dose of false hope based on a wild forum post on the internet. We've never done that before.

It was far from wild hope. It nearly happened.

[CropleyWasGod]

I posted a link to a BBC article last night which mentioned that the FOH have to hand over 1 million as soon as the deal is done and then 1.2 million for the next two seasons just to pay back the budgie wuman, hope the fans are ready for this as i can see the DD"s dropping once the deal is done.

It's more than that.

That money is just for working capital. The £2.5m for the club needs to be repaid on top of that.

http://www.heartsfc.co.uk/articles/20140213/foh-and-bidco-statement_2241384_3668500

[Kato]

Given what they were told about the true value of the PBS, it would be amazing if the decision was unanimous.



Is that the actual true value your talking about or the manufactured "true value" brought into being by the council selling off the Tynie school land at a ludicrously low price.

[green day]

It's more than that.

That money is just for working capital. The £2.5m for the club needs to be repaid on top of that.

http://www.heartsfc.co.uk/articles/20140213/foh-and-bidco-statement_2241384_3668500

Yep, the FOH pay £1m immediately, then £1.4m per year for "at least" 2 years as "working capital" and then still have to pay back the budgie her £2.5m over a period of years.

So....assuming they can raise the £2.5 on top of the working capital, the minimum the FOH need to shell out is £6.3m by start of year 3?

Even the Jambo's article states that they need to understand that its £6m over 5 years to be raised. What it doesn't say is that the working capital requirement doesn't go away - they need that on top of the budgie money I imagine.

So, as stated many times, they won't have the cash to splash - on anything - for 3 years minimum IMO.

[GreenLake]

For what its worth -

Friend / Colleague of mine is a tynecastle season ticket holder, but dont hold that against him, actually a decent guy. Loves to beat us of course, but not stupid enough to think that their financial rollercoaster was consequence free.

Oddly enough, he knows I Am an MP personally too - but had no more inside info than anything on this board. Indeed, Murray told him the same as some of the guys on here, i.e. it was pretty touch and go for a while.

So the mood among sensible people like him yesterday was not "get it right up ye hibees", more relief that his team was still there for him to support.

He said this on thursday:


They spent money they didnt have
They stiffed lots of businesses out of money and in among the glee and euphoria this has been forgotten
The hard work now begins - and Murray also said privately that this is just the start
They will be skint for years, it is vital that they re-sign some of those promising youngsters
DDs will provide some cash, but not being in the top div is a huge financial blow
2 seasons in the first div (I'm no calling it a championship) is reaslistic
H

e also laughed and said there is chat about re-signing skacel, something he thinks is daft, but will galvanise fans

Final point, him and I have debated football - to paraphrase (me - how they cheated their way through last 25 years) (him - we are a bunch of underachieving losers) - but all in a decent style.

Neither of us gives it the big one after a derby win - as we know the shoe will shortly be on the other foot.

I reckon that he is representative of the non-kickback / EEN commentators hearts fans - and if that is the case, they know full well and are expecting this to be a very, very tough few years. They may have good season ticket sales next year, but unless those daft laddies accept the £40K PA wages on offer, they may struggle big time to return to the top flight.

........of course, if The Huns go bust again next year??????

If any of these young players have the option to go elsewhere for more money or a higher standard of league then they should not sign for Hearts. The abuse which has been dished out on them has been awful considering the slashed wages they have been playing for. They should not damage their careers and potential wages for a cheating club (owned by one of the richest in Britain) and a poisonous support. The lesser talents should obviously sign for them if that is their best option, but I hope the good players will find better opportunities than pulling on a cheat's shirt. They have performed admirably in difficult circumstances and under a hail of abuse and criticism, but they should be careful not to jump from the frying pan into the fire and sign for THE rangers. Hopefully they will get good mentoring from somewhere and leave the cheats.

[Phil D. Rolls]

Is that the actual true value your talking about or the manufactured "true value" brought into being by the council selling off the Tynie school land at a ludicrously low price.

There can only be one true value, as far as I can see.

[EK_Hibs]

Interesting, has fatty Murray came out and said how much £££ FoH have at present?

[Phil D. Rolls]

Interesting, has fatty Murray came out and said how much £££ FoH have at present?

Are you suggesting he's going to show up with a suitcase full of Monopoly money?

[jacomo]

Yep, the FOH pay £1m immediately, then £1.4m per year for "at least" 2 years as "working capital" and then still have to pay back the budgie her £2.5m over a period of years.

So....assuming they can raise the £2.5 on top of the working capital, the minimum the FOH need to shell out is £6.3m by start of year 3?

Even the Jambo's article states that they need to understand that its £6m over 5 years to be raised. What it doesn't say is that the working capital requirement doesn't go away - they need that on top of the budgie money I imagine.

So, as stated many times, they won't have the cash to splash - on anything - for 3 years minimum IMO.

It's a business plan with some pretty Big holes in it. Budgie may urge restraint, but the punters putting up the working capital for her to play with will want to see a return to the SPFL at the first attempt. They'd better hope Potter is on it from day one.

Mind you, if Sally stays at Der Newco they won't be a shoe in for the title.

[the_ginger_hibee]

It was far from wild hope. It nearly happened.

It never happened though. Might have been close (do we really know how close given Jackson's posturing/manipulating?) and it was enjoyable, but this forums predictions/inside knowledge/sources were wrong in the end.

If people want to cling onto stevejordons or anyone else's 'Its no over' then fair enough...enjoy.

People should embrace Hearts and their 'new era' - a bunch of soulless cardigans wandering about Gorgie debating about which member gets the best parking space. Sheikh Mansour comes to Edinburgh it is not...

[CropleyWasGod]

Yep, the FOH pay £1m immediately, then £1.4m per year for "at least" 2 years as "working capital" and then still have to pay back the budgie her £2.5m over a period of years.

So....assuming they can raise the £2.5 on top of the working capital, the minimum the FOH need to shell out is £6.3m by start of year 3?

Even the Jambo's article states that they need to understand that its £6m over 5 years to be raised. What it doesn't say is that the working capital requirement doesn't go away - they need that on top of the budgie money I imagine.

So, as stated many times, they won't have the cash to splash - on anything - for 3 years minimum IMO.

It's an interesting model.

On one hand, it gives them an additional £1m over what they would have through "normal" trading. That has to be good for them, on the face of things.

On the other, though, that statement says "It is intended that the Foundation will sign a legally binding agreement on behalf of the supporters". That could be a real problem. What happens if they don't pay the first £1.4m, or the second? Is the deal off? In my mind, that would reduce them to real self-sustainability, without the extra edge that I mentioned above.

[CropleyWasGod]

It never happened though. Might have been close (do we really know how close given Jackson's posturing/manipulating?) and it was enjoyable, but this forums predictions/inside knowledge/sources were wrong in the end.

If people want to cling onto stevejordons or anyone else's 'Its no over' then fair enough...enjoy.

People should embrace Hearts and their 'new era' - a bunch of soulless cardigans wandering about Gorgie debating about which member gets the best parking space. Sheikh Mansour comes to Edinburgh it is not...

I don't see anybody doing that. He's been called out enough times, on a variety of things, for anybody sensible to do that.

[Phil D. Rolls]

It never happened though. Might have been close (do we really know how close given Jackson's posturing/manipulating?) and it was enjoyable, but this forums predictions/inside knowledge/sources were wrong in the end.

If people want to cling onto stevejordons or anyone else's 'Its no over' then fair enough...enjoy.

People should embrace Hearts and their 'new era' - a bunch of soulless cardigans wandering about Gorgie debating about which member gets the best parking space. Sheikh Mansour comes to Edinburgh it is not...

Wrong, but hardly crazy. Remember they were saying it was going to be over by the start of the season.

We were given informed and accurate opinions and information all along. Who knows, maybe it was this that led to the cloak and dagger stuff at the end?

[the_ginger_hibee]

Wrong, but hardly crazy. Remember they were saying it was going to be over by the start of the season.

We were given informed and accurate opinions and information all along. Who knows, maybe it was this that led to the cloak and dagger stuff at the end?

I never said the speculation was crazy or wild..I called the latest post wild. I just called it false hope, which unfortunately it was in the end.

[GreenLake]

Is that the actual true value your talking about or the manufactured "true value" brought into being by the council selling off the Tynie school land at a ludicrously low price.

You have to be glad your tax payers money has been sacrificed to help North British Distillery (joint venture between Diageo plc and the Edrington Group) get a sweet deal for the property when they must be struggling in these hard economic times. Maybe they will pay us back by moving that tank back a bit and increase the value of Tynecastle so that our community team can sell the ground at a vast profit and move to a new stadium the council will build with more of your tax payer money. :cb

[Phil D. Rolls]

I never said the speculation was crazy or wild..I called the latest post wild. I just called it false hope, which unfortunately it was in the end.

Sorry, I picked you up wrong. I agree with what you're saying.

[Kato]

You have to be glad your tax payers money has been sacrificed to help North British Distillery (joint venture between Diageo plc and the Edrington Group) get a sweet deal for the property when they must be struggling in these hard economic times. Maybe they will pay us back by moving that tank back a bit and increase the value of Tynecastle so that our community team can sell the ground at a vast profit and move to a new stadium the council will build with more of your tax payer money. :cb


Yes, I suppose so. Better prepare ourselves for that.

[Kaiser1962]

It will be interesting to see what value the first set of accounts post admin places on Hearts asset's.

[SurferRosa]

It will be interesting to see what value the first set of accounts post admin places on Hearts asset's.

Indeed. The huns assets worth 4.5 million when Charlie (or was it Craigie... :greengrin) bought them, suddenly became worth around 80 million in the space of a few weeks. I wont be at all surprised to see the PBS suddenly valued at considerably more than the 2.5 million that BDO and FoH said it is.

[GreenLake]

Indeed. The huns assets worth 4.5 million when Charlie (or was it Craigie... :greengrin) bought them, suddenly became worth around 80 million in the space of a few weeks. I wont be at all surprised to see the PBS suddenly valued at considerably more than the 2.5 million that BDO and FoH said it is.

It will be a gigantic figure against which to seek lending. They can always admin themselves out of paying it back in a few seasons.

[CropleyWasGod]

It will be a gigantic figure against which to seek lending. They can always admin themselves out of paying it back in a few seasons.

No way. They're going to be debt-free, remember. :rolleyes:

[GreenLake]

No way. They're going to be debt-free, remember. :rolleyes:

Shortly after they find Lord Lucan. :greengrin

[Bostonhibby]

It will be interesting to see what value the first set of accounts post admin places on Hearts asset's.

Wow, just wow, they are going to publish accounts? Does a big team have to publish properly audited and certified / qualified accounts?

[Just Alf]

I remember the sevconian fans pulled a wee fund together to pay back all those "little guys" that lost out as Sevco itself wasn't legally allowed to...... Anyone know if the Yams have at least done that among all their crowing on escaping shafting the creditors or are they truly the lowest of the low?

[Ronniekirk]

What rumours are these?
The rumours we have started on this thred:wink:

[Bostonhibby]

I remember the sevconian fans pulled a wee fund together to pay back all those "little guys" that lost out as Sevco itself wasn't legally allowed to...... Anyone know if the Yams have at least done that among all their crowing on escaping shafting the creditors or are they truly the lowest of the low?

Somebody paid the Lady Haig Fund the poppy money, but that's it, sod the rest of them. Yams, even less shame than Scotlands shame. The rangers fans, forever in the yam fans shadow when it comes to putting two fingers up to your creditors and enjoying it.

[Jdawg]

It never happened though. Might have been close (do we really know how close given Jackson's posturing/manipulating?) and it was enjoyable, but this forums predictions/inside knowledge/sources were wrong in the end.

If people want to cling onto stevejordons or anyone else's 'Its no over' then fair enough...enjoy.

People should embrace Hearts and their 'new era' - a bunch of soulless cardigans wandering about Gorgie debating about which member gets the best parking space. Sheikh Mansour comes to Edinburgh it is not...
Agree with this.

I put information from a partner in the law firm I work for that the shares are not frozen and it was dismissed. Appears he was correct.

[Cracker]

It will be a gigantic figure against which to seek lending. They can always admin themselves out of paying it back in a few seasons.

Are they not back to the position of owing the money to themselves?😉

[madsen5]

Are they not back to the position of owing the money to themselves?
I'm sure desantos could tell us, oh he's disappeared !!!!!!!!!!!!:flag:

[jeffers]

Somebody paid the Lady Haig Fund the poppy money, but that's it, sod the rest of them. Yams, even less shame than Scotlands shame. The rangers fans, forever in the yam fans shadow when it comes to putting two fingers up to your creditors and enjoying it.

That's what I thought too.

I had a wee rant on Facebook after the acceptance of the CVA and this is some of the responses I had from a Hearts fan I know:

"Lots of businesses get into financial trouble. And you can rest assured all our taxes are bang up to date" and "actually not only did they apologise some of the fans cleared the debt to the charities with their own money."

I'm in an unusual position in that my Mum and I are Hibbys and season ticket holders, my Dad supports them and has a season ticket at the PBS. So for his benefit I initially didn't want them to die, but the longer it went on, the lack of even a glimmer of remorse, the constant 5-1 and big team/wee team pish, my view changed and by the end I hoped they would be liquidated and be forced to start in the bottom division. The more I think about what has happened the angrier I get - "Lots of businesses get into financial trouble" was the final straw.

I'd like to think that one day they will get what they deserve but if I'm honest I have little hope of that ever happening.

[GreenLake]

Are they not back to the position of owing the money to themselves?

They are at present, but soon they will be back to thinking some prudent savers somewhere ought to be impoverished to provide them with better players.

[haagsehibby]

Somebody paid the Lady Haig Fund the poppy money, but that's it, sod the rest of them. Yams, even less shame than Scotlands shame. The rangers fans, forever in the yam fans shadow when it comes to putting two fingers up to your creditors and enjoying it.

If you go into a shop and steal a loaf of bread and I go in later and pay for it, it doesn't make you any less of a thief.

[EK_Hibs]

Without meaning to bore anyone or go over old ground..
I take it the title of the thread was changed because the freezer test is a no goer?

[Ronniekirk]

If you go into a shop and steal a loaf of bread and I go in later and pay for it, it doesn't make you any less of a thief.
But at least you would have shown some remorse and accepted what you did in first place was wrongs .there is none of that from this mob that I can see so far.

[Ronniekirk]

Without meaning to bore anyone or go over old ground..
I take it the title of the thread was changed because the freezer test is a no goer?
Global warming and climate change not to mention lying ,bullying and just a little Political pressure seem to have brought about a rapid thaw

[SmashinGlass]

But at least you would have shown some remorse and accepted what you did in first place was wrongs .there is none of that from this mob that I can see so far.

Not one. I've even been called a liar and a bitter hobo for pointing out that a bit of humility is in order. Apparently, the creditors report I sent in respect of the charities and employee claims etc is a fake. Last time I checked, it was lodged with companies house.

They have absolutely no shame whatsoever. They absolutely disgust me.

[Phil D. Rolls]

I'm sure desantos could tell us, oh he's disappeared !!!!!!!!!!!!:flag:

Has he?

[Ronniekirk]

Has he?
No , he has amalgamated two names and added the number 1 to the end , but haven't seen anything from Sergey !!!!!

[GreenLake]

I just spoke to one of my contacts. It didn't reply and just kind of flopped on the end of my finger.

[Ronniekirk]

I just spoke to one of my contacts. It didn't reply and just kind of flopped on the end of my finger.
Was your contact lens. By any chance:wink:

[Sergey]

No , he has amalgamated two names and added the number 1 to the end , but haven't seen anything from Sergey !!!!!

I'm still around - but I'm seemingly a broken man who's life has just ended :blah::blah::blah:

[Danderhall Hibs]

No , he has amalgamated two names and added the number 1 to the end , but haven't seen anything from Sergey !!!!!

No - the one with a 1 at the end's someone else. Desantos/Sanger have left by mutual consent.

[...WentToMowAnSPL]

I'm still around - but I'm seemingly a broken man who's life has just ended :blah::blah::blah:

Welcome back !

[GreenLake]

I'm still around - but I'm seemingly a broken man who's life has just ended :blah::blah::blah:

I think it is only the end of the beginning. The best pish ripping is yet to come.

[Ronniekirk]

I'm still around - but I'm seemingly a broken man who's life has just ended :blah::blah::blah:
We missed you ,welcome back , you can't be right all the time ,but you had at least a 99 % success rate so your broken heart will mend am sure all the yams will be giving you pelters on there site but every dog has his day :wink:

[The Green Goblin]

But at least you would have shown some remorse and accepted what you did in first place was wrongs .there is none of that from this mob that I can see so far.

:agree: That`s the big issue for me when it comes to them. I probably wouldn`t have begrudged them their survival if they had shown a different attitude and had perhaps tried to make some amends for what they had done. But they have done the opposite. And the media are there cheering them on every step of the way. It`s actually bizarre in some ways that nobody is challenging them on it and of course it`s so wrong in so many ways.

It`s the kind of thing you`d expect to see here in Brazil, where everything from corruption to overspending millions that clubs don`t have without accountability to players being convicted of murder is all somehow seen as being exempt from normal moral standards. Because it involves football, it`s somehow okay. The icing on the cake is the world cup, where nearly 9 billion pounds (15 - 20 times the predicted costs) have somehow been "spent" on the stadiums alone using 90% of taxpayers money (after the politicians promised that 0% of taxpayers money would be used) but next to nothing has been spent on badly needed infrastructure such as the chronic traffic problems, the crumbling education, electrical and health systems, the poor, the unemployed, the airports, the decaying roads and pavements and the dreadfully inadequate public transport systems. The very rich and a number of high profile companies have profited to an unimaginable degree and the rest of the country is being told to forget the rest and shut up and enjoy the world cup. The world cup coming here is nothing short of a crime on a vast scale. But, like Hearts, as long as nobody holds them to account then nothing will happen.

There are various protests and disruptions planned for the world cup (as well as those happening now) and things could get very ugly indeed very quickly. Keep your eyes on the opening ceremony for starters - everyone knows that Brazil`s electrical infrastructure is weak, to the extent that there are rumours that they systematically cut power to certain neighbourhoods on a rotating schedule in the wee small hours to share it around, so the plan is for everyone who protests against the world cup to switch on every electrical device in their houses at the moment the opening ceremony begins in an attempt to overload the circuits and kill the power in the stadium. There will undoubtedly be riots and serious problems. "Celebrities" and ex-footballers are queuing up to criticise anybody protesting against the world cup and labelling them unpatriotic, but of course, these are the people who live in mansions with swimming pools and bodyguards and who have countless millions stashed away and who will be getting a few more from their work during the World Cup, not those who are being paid pennies to risk their lives building the stadiums or those millions going hungry who will be left with nothing when the cup comes to an end.

Some people just collectively lose their senses when football is involved. The way it has happened with Hearts is a national shame and disgrace.

[Kato]

The best pish ripping is yet to come.

The best chance of that is them becoming fan owned. Can't see it getting to that with the published financial model. If they do good on them but they will make a total mess of running a club.

[Ronniekirk]

:agree: That`s the big issue for me when it comes to them. I probably wouldn`t have begrudged them their survival if they had shown a different attitude and had perhaps tried to make some amends for what they had done. But they have done the opposite. And the media are there cheering them on every step of the way. It`s actually bizarre in some ways that nobody is challenging them on it and of course it`s so wrong in so many ways.

It`s the kind of thing you`d expect to see here in Brazil, where everything from corruption to overspending millions that clubs don`t have without accountability to players being convicted of murder is all somehow seen as being exempt from normal moral standards. Because it involves football, it`s somehow okay. The icing on the cake is the world cup, where nearly 9 billion pounds (15 - 20 times the predicted costs) have somehow been "spent" on the stadiums alone using 90% of taxpayers money (after the politicians promised that 0% of taxpayers money would be used) but next to nothing has been spent on badly needed infrastructure such as the chronic traffic problems, the crumbling education, electrical and health systems, the poor, the unemployed, the airports, the decaying roads and pavements and the dreadfully inadequate public transport systems. The very rich and a number of high profile companies have profited to an unimaginable degree and the rest of the country is being told to forget the rest and shut up and enjoy the world cup. The world cup coming here is nothing short of a crime on a vast scale. But, like Hearts, as long as nobody holds them to account then nothing will happen.

There are various protests and disruptions planned for the world cup (as well as those happening now) and things could get very ugly indeed very quickly. Keep your eyes on the opening ceremony for starters - everyone knows that Brazil`s electrical infrastructure is weak, to the extent that there are rumours that they systematically cut power to certain neighbourhoods on a rotating schedule in the wee small hours to share it around, so the plan is for everyone who protests against the world cup to switch on every electrical device in their houses at the moment the opening ceremony begins in an attempt to overload the circuits and kill the power in the stadium. There will undoubtedly be riots and serious problems. "Celebrities" and ex-footballers are queuing up to criticise anybody protesting against the world cup and labelling them unpatriotic, but of course, these are the people who live in mansions with swimming pools and bodyguards and who have countless millions stashed away and who will be getting a few more from their work during the World Cup, not those who are being paid pennies to risk their lives building the stadiums or those millions going hungry who will be left with nothing when the cup comes to an end.

Some people just collectively lose their senses when football is involved. The way it has happened with Hearts is a national shame and disgrace.
Interesting post it's not just football remember seeing some country get the euro vision song contest and they quickly up rooted a whole community that had lived there for donkeys and built a nice new shiny stadium to host the biggest piece of crap going So corruption is rife the world over .

[Dashing Bob S]

I'm still around - but I'm seemingly a broken man who's life has just ended :blah::blah::blah:

Then you must be an Easter Jesus Zombie who's life has ended twice, because they already killed you with the rest of us, the May before last.

[Bostonhibby]

I'm still around - but I'm seemingly a broken man who's life has just ended :blah::blah::blah:

Thank god for that, I was worried about the betting tips_ one of my biggest sources of income :-)

[Liberal Hibby]

I think it is only the end of the beginning. The best pish ripping is yet to come.

Indeed - regardless of the frozen share issue (or not) - there's got to be a good chance they'll start next season in administration - given we'll be in May when the CVA can actually be formally accepted.

I don't think they'll be anywhere near a play off if they start on -15 next season too. Successive relegations is more likely.

[GlasgowHibee]

I'm still around - but I'm seemingly a broken man who's life has just ended :blah::blah::blah:

well to be fair, it did seem that way after your 10 year post rant

[Stax]

:agree: That`s the big issue for me when it comes to them. I probably wouldn`t have begrudged them their survival if they had shown a different attitude and had perhaps tried to make some amends for what they had done. But they have done the opposite. And the media are there cheering them on every step of the way. It`s actually bizarre in some ways that nobody is challenging them on it and of course it`s so wrong in so many ways.

It`s the kind of thing you`d expect to see here in Brazil, where everything from corruption to overspending millions that clubs don`t have without accountability to players being convicted of murder is all somehow seen as being exempt from normal moral standards. Because it involves football, it`s somehow okay. The icing on the cake is the world cup, where nearly 9 billion pounds (15 - 20 times the predicted costs) have somehow been "spent" on the stadiums alone using 90% of taxpayers money (after the politicians promised that 0% of taxpayers money would be used) but next to nothing has been spent on badly needed infrastructure such as the chronic traffic problems, the crumbling education, electrical and health systems, the poor, the unemployed, the airports, the decaying roads and pavements and the dreadfully inadequate public transport systems. The very rich and a number of high profile companies have profited to an unimaginable degree and the rest of the country is being told to forget the rest and shut up and enjoy the world cup. The world cup coming here is nothing short of a crime on a vast scale. But, like Hearts, as long as nobody holds them to account then nothing will happen.

There are various protests and disruptions planned for the world cup (as well as those happening now) and things could get very ugly indeed very quickly. Keep your eyes on the opening ceremony for starters - everyone knows that Brazil`s electrical infrastructure is weak, to the extent that there are rumours that they systematically cut power to certain neighbourhoods on a rotating schedule in the wee small hours to share it around, so the plan is for everyone who protests against the world cup to switch on every electrical device in their houses at the moment the opening ceremony begins in an attempt to overload the circuits and kill the power in the stadium. There will undoubtedly be riots and serious problems. "Celebrities" and ex-footballers are queuing up to criticise anybody protesting against the world cup and labelling them unpatriotic, but of course, these are the people who live in mansions with swimming pools and bodyguards and who have countless millions stashed away and who will be getting a few more from their work during the World Cup, not those who are being paid pennies to risk their lives building the stadiums or those millions going hungry who will be left with nothing when the cup comes to an end.

Some people just collectively lose their senses when football is involved. The way it has happened with Hearts is a national shame and disgrace.
Best post on here for a long time..

[GreenLake]

The best chance of that is them becoming fan owned. Can't see it getting to that with the published financial model. If they do good on them but they will make a total mess of running a club.

Fan ownership for Hearts is my ultimate dream but failing that, Budge and the plonkers at Fuds On Horlicks will provide good entertainment for the next few years. :LOL:

[SurferRosa]

:agree: That`s the big issue for me when it comes to them. I probably wouldn`t have begrudged them their survival if they had shown a different attitude and had perhaps tried to make some amends for what they had done. But they have done the opposite. And the media are there cheering them on every step of the way. It`s actually bizarre in some ways that nobody is challenging them on it and of course it`s so wrong in so many ways.

It`s the kind of thing you`d expect to see here in Brazil, where everything from corruption to overspending millions that clubs don`t have without accountability to players being convicted of murder is all somehow seen as being exempt from normal moral standards. Because it involves football, it`s somehow okay. The icing on the cake is the world cup, where nearly 9 billion pounds (15 - 20 times the predicted costs) have somehow been "spent" on the stadiums alone using 90% of taxpayers money (after the politicians promised that 0% of taxpayers money would be used) but next to nothing has been spent on badly needed infrastructure such as the chronic traffic problems, the crumbling education, electrical and health systems, the poor, the unemployed, the airports, the decaying roads and pavements and the dreadfully inadequate public transport systems. The very rich and a number of high profile companies have profited to an unimaginable degree and the rest of the country is being told to forget the rest and shut up and enjoy the world cup. The world cup coming here is nothing short of a crime on a vast scale. But, like Hearts, as long as nobody holds them to account then nothing will happen.

There are various protests and disruptions planned for the world cup (as well as those happening now) and things could get very ugly indeed very quickly. Keep your eyes on the opening ceremony for starters - everyone knows that Brazil`s electrical infrastructure is weak, to the extent that there are rumours that they systematically cut power to certain neighbourhoods on a rotating schedule in the wee small hours to share it around, so the plan is for everyone who protests against the world cup to switch on every electrical device in their houses at the moment the opening ceremony begins in an attempt to overload the circuits and kill the power in the stadium. There will undoubtedly be riots and serious problems. "Celebrities" and ex-footballers are queuing up to criticise anybody protesting against the world cup and labelling them unpatriotic, but of course, these are the people who live in mansions with swimming pools and bodyguards and who have countless millions stashed away and who will be getting a few more from their work during the World Cup, not those who are being paid pennies to risk their lives building the stadiums or those millions going hungry who will be left with nothing when the cup comes to an end.

Some people just collectively lose their senses when football is involved. The way it has happened with Hearts is a national shame and disgrace.

:top marks

[FranckSuzy]

Thank god for that, I was worried about the betting tips_ one of my biggest sources of income :-)

And Leith Links' :greengrin

[ehf]

The icing on the cake is the world cup, where nearly 9 billion pounds (15 - 20 times the predicted costs) have somehow been "spent" on the stadiums alone using 90% of taxpayers money.

Jeezus - Could have had a tram from the airport to York Place for that sort of money!

[Deansy]

No way. They're going to be debt-free, remember. :rolleyes:


Do you think they'll go the same way as us since our 'Dark Times' when Mercer tried to wipe us out - a determination to NEVER be in that position again, a resolve which Rod has rigidly stuck to ever since ??. Personally, I don't think they will - their years of 'Other folks money' has given them a genuine belief that they ARE a 'Big Team'. Eric Miligan's incredible statement yesterday, part of which contained that absolute belter 'Hearts have a history that stands comparison with any club in the world - never mind Scotland' tells me that their 'Mentality' remains as it has been for the last 30+ years.

[GreenLake]

Do you think they'll go the same way as us since our 'Dark Times' when Mercer tried to wipe us out - a determination to NEVER be in that position again, a resolve which Rod has rigidly stuck to ever since ??. Personally, I don't think they will - their years of 'Other folks money' has given them a genuine belief that they ARE a 'Big Team'. Eric Miligan's incredible statement yesterday, part of which contained that absolute belter 'Hearts have a history that stands comparison with any club in the world - never mind Scotland' tells me that their 'Mentality' remains as it has been for the last 30+ years.

Hearts have committed a financial crime that stands comparison with any other in the world - never mind football.

[marinello59]

Hearts have committed a financial crime that stands comparison with any other in the world - never mind football.

All sense of perspective has now been officially lost.

[#FromTheCapital]

Hearts have committed a financial crime that stands comparison with any other in the world - never mind football.

Oh dear

[Waxy]

Hearts, one of the biggest football criminals in history.
Wonder where they would be in the league table of written off debt?

[GreenLake]

All sense of perspective has now been officially lost.

The Great Train Robbery amounted to a loot of £46million in today's money. Movies and books have been written about it. One of the culprits bolted to foreign country and became a fugitive. You think the Yams don't compare with that? Jeez! :greengrin

[Criswell]

I am not really surprised the Lithuanian Administrators didn't get a better deal for the creditors. They have obviously buckled under the intense pressure eminating from BDO and hypocritical politicians (is there any other sort?) and recommended acceptance of this derisory settlement.

I think it is safe to assume that they were informed that there was no way on earth planning permission to re-develop the site would be granted. Was there not a quotation from one of the administrators alluding to Political pressure, riots, mayhem, exploding tanks of toxic industrial chemicals etc?

Ah well. Debt free but morally bankrupt!

[7 Hills]

Interesting post it's not just football remember seeing some country get the euro vision song contest and they quickly up rooted a whole community that had lived there for donkeys and built a nice new shiny stadium to host the biggest piece of crap going So corruption is rife the world over .


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

:wink:

[jacomo]

Best post on here for a long time..

:agree:

Epic rant.

[GreenLake]

Oh dear

i would rather be tongue in cheek than tongue between their's.

[Bostonhibby]

That's what I thought too.

I had a wee rant on Facebook after the acceptance of the CVA and this is some of the responses I had from a Hearts fan I know:

"Lots of businesses get into financial trouble. And you can rest assured all our taxes are bang up to date" and "actually not only did they apologise some of the fans cleared the debt to the charities with their own money."

I'm in an unusual position in that my Mum and I are Hibbys and season ticket holders, my Dad supports them and has a season ticket at the PBS. So for his benefit I initially didn't want them to die, but the longer it went on, the lack of even a glimmer of remorse, the constant 5-1 and big team/wee team pish, my view changed and by the end I hoped they would be liquidated and be forced to start in the bottom division. The more I think about what has happened the angrier I get - "Lots of businesses get into financial trouble" was the final straw.

I'd like to think that one day they will get what they deserve but if I'm honest I have little hope of that ever happening.

Am with you there.

The sort of businesses they are referring to are the ones they helped bring down.

Few if any of the businesses started out deliberately outspending their income whilst simultaneously withholding ALL their tax liability and payments to their major suppliers/council and HWU.They were probably trading with the likes of the yam in good faith, shame. Just hope they are all a bit wiser next time.

[majorhibs]

:agree: That`s the big issue for me when it comes to them. I probably wouldn`t have begrudged them their survival if they had shown a different attitude and had perhaps tried to make some amends for what they had done. But they have done the opposite. And the media are there cheering them on every step of the way. It`s actually bizarre in some ways that nobody is challenging them on it and of course it`s so wrong in so many ways.

It`s the kind of thing you`d expect to see here in Brazil, where everything from corruption to overspending millions that clubs don`t have without accountability to players being convicted of murder is all somehow seen as being exempt from normal moral standards. Because it involves football, it`s somehow okay. The icing on the cake is the world cup, where nearly 9 billion pounds (15 - 20 times the predicted costs) have somehow been "spent" on the stadiums alone using 90% of taxpayers money (after the politicians promised that 0% of taxpayers money would be used) but next to nothing has been spent on badly needed infrastructure such as the chronic traffic problems, the crumbling education, electrical and health systems, the poor, the unemployed, the airports, the decaying roads and pavements and the dreadfully inadequate public transport systems. The very rich and a number of high profile companies have profited to an unimaginable degree and the rest of the country is being told to forget the rest and shut up and enjoy the world cup. The world cup coming here is nothing short of a crime on a vast scale. But, like Hearts, as long as nobody holds them to account then nothing will happen.

There are various protests and disruptions planned for the world cup (as well as those happening now) and things could get very ugly indeed very quickly. Keep your eyes on the opening ceremony for starters - everyone knows that Brazil`s electrical infrastructure is weak, to the extent that there are rumours that they systematically cut power to certain neighbourhoods on a rotating schedule in the wee small hours to share it around, so the plan is for everyone who protests against the world cup to switch on every electrical device in their houses at the moment the opening ceremony begins in an attempt to overload the circuits and kill the power in the stadium. There will undoubtedly be riots and serious problems. "Celebrities" and ex-footballers are queuing up to criticise anybody protesting against the world cup and labelling them unpatriotic, but of course, these are the people who live in mansions with swimming pools and bodyguards and who have countless millions stashed away and who will be getting a few more from their work during the World Cup, not those who are being paid pennies to risk their lives building the stadiums or those millions going hungry who will be left with nothing when the cup comes to an end.

Some people just collectively lose their senses when football is involved. The way it has happened with Hearts is a national shame and disgrace.

Some very good & enlightening points, but corruption is world wide & worse in some places, try working in West Africa for an eye opener. Theres.a new metro line opened a couple months ago in Rio which I see a lot of, is busy right now but installed for W.C & Olympics, there's construction on roads etc going on as well, not enough compared to the stadiums but it is there, yes there's corruption but also it's being brought to light in Brazil & hopefully will bring about changes for the better, also everyone's on about the downside of the World Cup & Olympics but what about possible upsides & benefits when the tournaments actually happen? The Olympics in London seemed to be a bit of a success for London & Britain did they not? But back to the original topic, them fleecing £70 mill, being aware of it & now glorying in it cos they've got away with it, & the roles of the "politicians" etc & media, we can only wait & see what's still got to be revealed, but as far as Scottish fitba goes & the size of the clubs involved their actions are way out on their own, lots worse than the Huns imo, after the initial hysteria at getting away with it dies down that will become more evident & I reckon there's a lot more to this saga than what's so far been revealed. We've still got to find out what Vlad (& accomplices)were actually up to during his years there for a start.

[NadeAteMyLunch!]

12449

[Stonewall]

Do you think they'll go the same way as us since our 'Dark Times' when Mercer tried to wipe us out - a determination to NEVER be in that position again, a resolve which Rod has rigidly stuck to ever since ??. Personally, I don't think they will - their years of 'Other folks money' has given them a genuine belief that they ARE a 'Big Team'. Eric Miligan's incredible statement yesterday, part of which contained that absolute belter 'Hearts have a history that stands comparison with any club in the world - never mind Scotland' tells me that their 'Mentality' remains as it has been for the last 30+ years.

Our debt was around £16 million at one point under RP's stewardship. Was only after the Sky deal was lost that the brakes were put on for real.

[woody47]

I see they have the begging bowls out again.

"As you probably know, Jambos Kickback members have responded magnificently in the club's time of need. Since Hearts went into administration last June, JKB members have donated over £56,000 to the club.

Now we're almost out of the crisis, but the club is asking for supporters to help one last time by buying tickets for games. So JKB is making one final push for fundraising before the end of this tumultuous and historic season. Please take a moment to have a look at this thread.


http://www.hmfckickback.co.uk/index.php?/topic/139175-one-more-chance-to-help-the-club-this-year/ (http://www.hmfckickback.co.uk/index.php?/topic/139175-one-more-chance-to-help-the-club-this-year/)


It's asking members to donate the price of a ticket to Hearts. Thanks to those of you who have already responded so generously.

If you can contribute the price of a ticket it would be great, and if you can't it would still be hugely helpful if you could contribute whatever amount you can to JKB's last fundraising drive. To contribute, please click on the Donate link at the top of any JKB screen, or click on the link below, and follow the directions.


Donate screen (http://www.hmfckickback.co.uk/index.php?/donate/)"

I wonder why their knight in shining armour, Ms Budge, cant bail them out? Maybe they are skint and have no more money for wages which if so would have the effect of another signing ban extended haha

Cue the cake bake again :na na:

[The_Todd]

Only Yams could describe a season where they plunge into admin and get relegated as "historic"

[Ronniekirk]

I see they have the begging bowls out again.

"As you probably know, Jambos Kickback members have responded magnificently in the club's time of need. Since Hearts went into administration last June, JKB members have donated over £56,000 to the club.

Now we're almost out of the crisis, but the club is asking for supporters to help one last time by buying tickets for games. So JKB is making one final push for fundraising before the end of this tumultuous and historic season. Please take a moment to have a look at this thread.


http://www.hmfckickback.co.uk/index.php?/topic/139175-one-more-chance-to-help-the-club-this-year/ (http://www.hmfckickback.co.uk/index.php?/topic/139175-one-more-chance-to-help-the-club-this-year/)


It's asking members to donate the price of a ticket to Hearts. Thanks to those of you who have already responded so generously.

If you can contribute the price of a ticket it would be great, and if you can't it would still be hugely helpful if you could contribute whatever amount you can to JKB's last fundraising drive. To contribute, please click on the Donate link at the top of any JKB screen, or click on the link below, and follow the directions.


Donate screen (http://www.hmfckickback.co.uk/index.php?/donate/)"

I wonder why their knight in shining armour, Ms Budge, cant bail them out? Maybe they are skint and have no more money for wages which if so would have the effect of another signing ban extended haha

Cue the cake bake again :na na:
You would think they could only keep going back to fans so many times before they start to get fed up with a Multi millionaire continuing to fleece themBut this is where she has been clever and they have bought into this concept of fans owning the club ,but they probably didn't expect to get bled dry in the process .Think I saw someone on this thread mention that going forward this source of income could be used for player wages so if that's the case they will be forking out for years to come
We could take a leaf out thier book If we had 8 thousand subscribers to leith Lynx that would be some amount of tickets for young kids to boost our attendance .:wink:

[KdyHby]

Well said RK:

http://leithlinks4kids.com

[Phil D. Rolls]

I see they have the begging bowls out again.

"As you probably know, Jambos Kickback members have responded magnificently in the club's time of need. Since Hearts went into administration last June, JKB members have donated over £56,000 to the club.

Now we're almost out of the crisis, but the club is asking for supporters to help one last time by buying tickets for games. So JKB is making one final push for fundraising before the end of this tumultuous and historic season. Please take a moment to have a look at this thread.


http://www.hmfckickback.co.uk/index.php?/topic/139175-one-more-chance-to-help-the-club-this-year/ (http://www.hmfckickback.co.uk/index.php?/topic/139175-one-more-chance-to-help-the-club-this-year/)


It's asking members to donate the price of a ticket to Hearts. Thanks to those of you who have already responded so generously.

If you can contribute the price of a ticket it would be great, and if you can't it would still be hugely helpful if you could contribute whatever amount you can to JKB's last fundraising drive. To contribute, please click on the Donate link at the top of any JKB screen, or click on the link below, and follow the directions.


Donate screen (http://www.hmfckickback.co.uk/index.php?/donate/)"

I wonder why their knight in shining armour, Ms Budge, cant bail them out? Maybe they are skint and have no more money for wages which if so would have the effect of another signing ban extended haha

Cue the cake bake again :na na:

I think this gives a clue as to how close they have been to running out of money. Presumably the latest batch of millionaires shortbread is going to pay wages till the end of the season.

That explains why they were so desperate to get an announcement out about the CVA. It appears, however, that they are still living beyond their means. There only hope is a millionaire that will fund the football club out of their own pocket.

By the way, "tumultuous and historic season". They just can't get over their grandiosity - comforting to think they've learned absolutely nothing. They truly think they have been challenging the OF duopoly, and that they need to get in a position of matching them again.

[rcarter1]

You would think they could only keep going back to fans so many times before they start to get fed up with a Multi millionaire continuing to fleece themBut this is where she has been clever and they have bought into this concept of fans owning the club ,but they probably didn't expect to get bled dry in the process .Think I saw someone on this thread mention that going forward this source of income could be used for player wages so if that's the case they will be forking out for years to come
We could take a leaf out thier book If we had 8 thousand subscribers to leith Lynx that would be some amount of tickets for young kids to boost our attendance .:wink:

Its an interesting one. They have begun the habit of paying 'extra' for their football team. Considering their obsession with size and being big, there is every chance they will continue paying over the odds to maintain their balloon like self portrait. In a purely sporting sense, I want to be there when they go POP!

[Eyrie]

Only Yams could describe a season where they plunge into admin and get relegated as "historic"

I'd prefer it to be "futuristic", as that will mean a second administration when they fail to spend their way out of the "Championship" and the Save Hearts In Trouble diddies cancel the payments to their multi-millionaire owner in disgust.

[GreenCastle]

http://www.heartsfc.co.uk/articles/20140419/update-from-ann-budge_2241384_3775759

interesting times still ahead :hmmm:

[MrSmith]

http://www.heartsfc.co.uk/articles/20140419/update-from-ann-budge_2241384_3775759

interesting times still ahead :hmmm:

Definitely interesting times ahead. Although, I must admit after every legal document sentence, I expected there to be a plea for money to assist in getting it completed. However, we must congratulate their fans for keeping the club going - it was some effort!

The real work and troubles begin when exiting administration.

Good luck and dig deep my jumbo friends ...

[Mon Dieu4]

http://www.heartsfc.co.uk/articles/20140419/update-from-ann-budge_2241384_3775759

interesting times still ahead :hmmm:

So with UKIO and UBIGs shares they she gets control of 79% of the Yams and has to offer the other share holders the same deal as UBIG, the small Yam shareholders will agree but doesn't Vlads niece have 15%?, can't see her accepting the square root of **** all, so although they will have a controlling stake does that mean that she and they won't actually own them outright and there is still scope for more Vlad shennigans? Or am I way off the mark?

[MrSmith]

So with UKIO and UBIGs shares they she gets control of 79% of the Yams and has to offer the other share holders the same deal as UBIG, the small Yam shareholders will agree but doesn't Vlads niece have 15%?, can't see her accepting the square root of **** all, so although they will have a controlling stake does that mean that she and they won't actually own them outright and there is still scope for more Vlad shennigans? Or am I way off the mark?


Good point! Very interesting indeed :cb

[rcarter1]

So with UKIO and UBIGs shares they she gets control of 79% of the Yams and has to offer the other share holders the same deal as UBIG, the small Yam shareholders will agree but doesn't Vlads niece have 15%?, can't see her accepting the square root of **** all, so although they will have a controlling stake does that mean that she and they won't actually own them outright and there is still scope for more Vlad shennigans? Or am I way off the mark?

Not much she can leverage with only 15% or so, I suspect she can hold on to those for the rest of her days and it wouldn't prevent or stop Hearts from doing or transferring power to fans. In short I don't think anyone needs to own it all outright to do what they want to do with the club.

[Waxy]

So with UKIO and UBIGs shares they she gets control of 79% of the Yams and has to offer the other share holders the same deal as UBIG, the small Yam shareholders will agree but doesn't Vlads niece have 15%?, can't see her accepting the square root of **** all, so although they will have a controlling stake does that mean that she and they won't actually own them outright and there is still scope for more Vlad shennigans? Or am I way off the mark?
When it's put like that, it sounds like its been just a very clever plan to get rid of all their debt all along.Keeping 15% afterwards also. No point with an investigation.It's a conspiracy

[Springbank]

http://www.heartsfc.co.uk/articles/20140419/update-from-ann-budge_2241384_3775759

interesting times still ahead :hmmm:

The way football works I'd expect the next few months to go as follows:

Hearts start next season with big crowds home and away, as we had in 98/99 (I even took the lady who is now my wife to see Falkirk v Hibs at Brockville to see Big Franck et al)

I remember well the first couple of months of that season though, some dodgy results and a need to sign better players

We could do that whereas in Hearts case it will be seen as the first big test..will Ann Budge? Or will the purse stay shut?

Keep the purse shut, and Hearts will have taken their first baby step to a truly sustainable fan owned club.
But then they'll find that with sustainability comes a lowering of on-field expectations.
They haven't had to face that reality for 30 years and that will hammer them.
With that comes a drifting of the more fickle half of the support.
That - in a two club city - will be quicker to happen if Hibs are tearing up the SPL and doing well in the cups.

It's just the way of things.
7000 crowds at tynecastle and DD's dropping off by February would be realistic to expect.

[brog]

Why are you multi quoting? oh god your..........


http://www.heartsfc.co.uk/articles/20140419/update-from-ann-budge_2241384_3775759

interesting times still ahead :hmmm:

Indeed & Budgie stating shares will go straight to Bidco! Where's CWG? :greengrin Also interesting to note today for the first time they acknowledge the potential to still be in admin at start of next season. They say they're confident they'll be ok but I believe if there's any delay at all in what's a complex process then it will be a very close run thing. As you say, interesting times still to come.

[Coco Bryce]

So with UKIO and UBIGs shares they she gets control of 79% of the Yams and has to offer the other share holders the same deal as UBIG, the small Yam shareholders will agree but doesn't Vlads niece have 15%?, can't see her accepting the square root of **** all, so although they will have a controlling stake does that mean that she and they won't actually own them outright and there is still scope for more Vlad shennigans? Or am I way off the mark?

Wouldn't surprise me in the slightest tbh.

[gorgie greens]

Indeed & Budgie stating shares will go straight to Bidco! Where's CWG? :greengrin Also interesting to note today for the first time they acknowledge the potential to still be in admin at start of next season. They say they're confident they'll be ok but I believe if there's any delay at all in what's a complex process then it will be a very close run thing. As you say, interesting times still to come.

So still in admin at the start of the season -15 again ,can only hope,but knowing these rats they will prob be out the day before

[Criswell]

Am I right in thinking they can't sell season tickets till they exit administration? If it drags on throughout the summer you would think they would face a cash-flow problem with no income coming in but wages and overheads still needing to be met. I predict the "begging bowl" will make a re-appearance any time soon!

[Hank Schrader]

http://www.heartsfc.co.uk/articles/20140419/update-from-ann-budge_2241384_3775759

interesting times still ahead :hmmm:

An interesting and informative statement from Anne Budge. Makes a refreshing change from the absolute horse manure press releases on that site during the Romanov years. :rolleyes:

Still work to be done until Hearts are 100% safe although I would imagine the hurdles will all be cleared. Its just a matter of whether they can get out of administration before the start of next season. :wink:

[jgl07]

Indeed & Budgie stating shares will go straight to Bidco! Where's CWG? :greengrin
My understanding is that FOH is composed of two groups: BIDCO (the Biddies) and FANCO (the Fannies). Hence the biddies would make the initial purchase and it would be subsequently be passed over to the Fannies. This would be in line with Budgies' comments.

[Onceinawhile]

Would be fantastic if they were still in admin by the start of next season, would almost guarantee them not coming back up (I wonder if they know they won't be out, hence budgeting for two seasons in the 1st division). They need to get a few players in though, regardless of how well they are playing at the moment.

[EK_Hibs]

Would be fantastic if they were still in admin by the start of next season, would almost guarantee them not coming back up (I wonder if they know they won't be out, hence budgeting for two seasons in the 1st division). They need to get a few players in though, regardless of how well they are playing at the moment.

They're budgeting for 2 seasons in the Championship because of Sevco.

[jacomo]

Indeed & Budgie stating shares will go straight to Bidco! Where's CWG? :greengrin Also interesting to note today for the first time they acknowledge the potential to still be in admin at start of next season. They say they're confident they'll be ok but I believe if there's any delay at all in what's a complex process then it will be a very close run thing. As you say, interesting times still to come.

The reality is that Budgie has been driving this for months. They presented it as a fans takeover until it was no longer tenable to do so. In reality it's nothing of the sort, although to be fair Budgie is saying she wants a legal agreement to hand the club over to the supporters in future - so long as they cough up of course!

[lucky]

Speaking/arguing with yams at the weekend it's clear they just don't get it.
Vlad is still a hero
They are debt free
Big club with big support
5-1 did kill us
They did not steal the poppy money
Hibs are next to go pop
Hibs fans would not have put in the money they did
Sergey is getting hunted down and will pay for his crimes
Vlad never added to their debt
SFA and SPFL are anti Hearts cos of RP
I was never in the camp of wanting them liquidated but now even that's to good for them.

[greenginger]

My understanding is that FOH is composed of two groups: BIDCO (the Biddies) and FANCO (the Fannies). Hence the biddies would make the initial purchase and it would be subsequently be passed over to the Fannies. This would be in line with Budgies' comments.

Bidco 1874 and Foundation of Hearts are two completely separate companies with different company numbers and no common directors.

Also, I wonder if the Liths are aware they won't be seeing any cash any time soon if the paper work is going to take as long as we hope.

not that it matters, it will all go to BDO anyway for fees. :greengrin

[HUTCHYHIBBY]

Any news re last Friday's big announcement?

[Ronniekirk]

Any news re last Friday's big announcement?
Big article in Sundays Scotland on Sunday quoting budge and Jackson etc Usual upbeat stuff but small comment from budge about remembering those that have lost money and jobs and vowing never to return to that . However I see in Dailly record today they are already linked with signing Kris Boyd to spearhead their return to top league

[greenginger]

Any news re last Friday's big announcement?


Don't know about last Friday's but I just drove down Mcleod Street and there is one of these TV broadcast unit vans in the car park with a few engineer looking guys hanging about.

World Cup stars arriving or Budgie changed her mind ? :greengrin

[greenlex]

Don't know about last Friday's but I just drove down Mcleod Street and there is one of these TV broadcast unit vans in the car park with a few engineer looking guys hanging about.

World Cup stars arriving or Budgie changed her mind ? :greengrinCan only hope but I reckon their new strip is the commotion.

[jdships]

The reality is that Budgie has been driving this for months. They presented it as a fans takeover until it was no longer tenable to do so. In reality it's nothing of the sort, although to be fair Budgie is saying she wants a legal agreement to hand the club over to the supporters in future - so long as they cough up of course!

Good points made there !
The club isn't really debt free as they have to reimburse Mrs B before the fans can " take control"
Have had the impression over the last few weeks that this lady is adept at pushing out the spin !
Nothing really new being said just old statements " tarted up"

Think there may well be bit more water to flow under the bridge before the end of may !!:greengrin

[southsider]

Post admin. nothing will have changed right. Same club, ground strip etc so i dont see why HMRC cannot now go back with a new bill for the unpaid £2,000.000. If it needs a change in the law fine, i am sure our political leaders will be in full agreement.

[Moulin Yarns]

Post admin. nothing will have changed right. Same club, ground strip etc so i dont see why HMRC cannot now go back with a new bill for the unpaid £2,000.000. If it needs a change in the law fine, i am sure our political leaders will be in full agreement.

And I'm sure we will have one of our resident Financial experts along soon to tell you how that can't happen (IMHO)

[Onceinawhile]

And I'm sure we will have one of our resident Financial experts along soon to tell you how that can't happen (IMHO)

Hearts don't owe HMRC any money.

Their bill will be settled at 0p in the pound out of the 2.5 million CVA. It's the way business works.

[malcky]

And I'm sure we will have one of our resident Financial experts along soon to tell you how that can't happen (IMHO)

im just back from holiday and trying to catch up, was the fact that the shares were frozen been a problem or is it another hurdle for them to overcome?

[greenginger]

Good points made there !
The club isn't really debt free as they have to reimburse Mrs B before the fans can " take control"
Have had the impression over the last few weeks that this lady is adept at pushing out the spin !
Nothing really new being said just old statements " tarted up"

Think there may well be bit more water to flow under the bridge before the end of may !!:greengrin


It is just a new version of we owe it to ourselves. Ann Budge, the new UBIG.

as in Ukio Budgie Investment Groupie. :greengrin

[EK_Hibs]

im just back from holiday and trying to catch up, was the fact that the shares were frozen been a problem or is it another hurdle for them to overcome?

It would appear the shares have defrosted unfortunately.

[Keith_M]

This thread was interesting up until last week.

It's all over now.

[Waxy]

It was none of our business anyway.:o

[CropleyWasGod]

This thread was interesting up until last week.

It's all over now.

You are Bobby Womack :cb

[Spike Mandela]

This thread was interesting up until last week.

It's all over now.


http://youtu.be/zyn8BJ1Uvzw

[Keith_M]

You are Bobby Womack :cb


If he's the guy married to Samantha Womack, then I really wish I was. :wink:



12464

[GlasgowHibee]

I'm hoping Sergey has been conjuring up another story for us all to believe in, it's about all we've got. :rolleyes:

[The Falcon]

Hearts don't owe HMRC any money.

Their bill will be settled at 0p in the pound out of the 2.5 million CVA. It's the way business works.

It is. But football clubs have to agree to honour football debts in order to continue. I feel sure that someone, at some time, is going to challenge this through a court. The club that goes bust agrees to selectively pay certain creditors of the old club so that they can continue to play football. Perhaps they should also be obliged to pay back the unpaid rates, income tax and public services before they can access further public resources or amenity's.

[Weststandwanab]

Far too sensible.

[brog]

It is. But football clubs have to agree to honour football debts in order to continue. I feel sure that someone, at some time, is going to challenge this through a court. The club that goes bust agrees to selectively pay certain creditors of the old club so that they can continue to play football. Perhaps they should also be obliged to pay back the unpaid rates, income tax and public services before they can access further public resources or amenity's.

It's already been challenged through the courts, HMRC lost. The football authorities are clever, they insist football debts have to be honoured ( I know thats a strange word for Yams ) in order for their registration to continue. As football is ( supposedly ) their ( Yams ) reason for existing thats why they, in this case football debts have priority. The real problem is the CVA process, the principle of trying to keep businesses alive is laudable but it was never intended for football clubs, public laundries or fantasists.

[CropleyWasGod]

It is. But football clubs have to agree to honour football debts in order to continue. I feel sure that someone, at some time, is going to challenge this through a court. The club that goes bust agrees to selectively pay certain creditors of the old club so that they can continue to play football. Perhaps they should also be obliged to pay back the unpaid rates, income tax and public services before they can access further public resources or amenity's.

...in which case all those individuals who go bankrupt, whether by their own fault or not, should be denied public resources until they pay their Council Tax. Yeah? :cb

[brog]

Bidco 1874 and Foundation of Hearts are two completely separate companies with different company numbers and no common directors.

Also, I wonder if the Liths are aware they won't be seeing any cash any time soon if the paper work is going to take as long as we hope.

not that it matters, it will all go to BDO anyway for fees. :greengrin

As I thought GG so this means either the CVA was amended after it was accepted ( unlikely ) or F of H were out of the picture & Ann Budge was involved long before it became public. Something rotten in the state of Gorgie I think.

[Phil D. Rolls]

I'm hoping Sergey has been conjuring up another story for us all to believe in, it's about all we've got. :rolleyes:

Sounds a wee bit sarcastic mate. The stories were believable because they were true. Unlike what was written in the press.

Anyway, in the words of the Big O, "it's over".

[The Falcon]

...in which case all those individuals who go bankrupt, whether by their own fault or not, should be denied public resources until they pay their Council Tax. Yeah? :cb

That might be the downside admittedly but how many continue on like football clubs?

Just dosent feel right thats all.

[The Falcon]

It's already been challenged through the courts, HMRC lost. The football authorities are clever, they insist football debts have to be honoured ( I know thats a strange word for Yams ) in order for their registration to continue. As football is ( supposedly ) their ( Yams ) reason for existing thats why they, in this case football debts have priority. The real problem is the CVA process, the principle of trying to keep businesses alive is laudable but it was never intended for football clubs, public laundries or fantasists.

:agree:

[CropleyWasGod]

That might be the downside admittedly but how many continue on like football clubs?

Just dosent feel right thats all.
Many businesses do. That's the point of administration.

[Ronniekirk]

Sounds a wee bit sarcastic mate. The stories were believable because they were true. Unlike what was written in the press.

Anyway, in the words of the Big O, "it's over".
Agree about comment re Sergey some folk happy to put the boot in when it's not warranted or necessary .

[The Falcon]

Many businesses do. That's the point of administration.

Seems that some folk lose everything, and others just stick two fingers up and administration appears a mere, and minor, inconvenience.

[HFC 0-7]

...in which case all those individuals who go bankrupt, whether by their own fault or not, should be denied public resources until they pay their Council Tax. Yeah? :cb

For businesses, specifically football clubs there needs to be investigation into the nature of why they entered administration. Choosing NOT to pay taxes, council / government funded initiatives, small businesses in the pursuit of success in such a way that there was never going to be a way to pay it all back, even if it meant success is very very different to businesses falling on hard times because of the recession etc. In the case of hearts, and probably a lot of other football clubs, its easy to see that this was the case.

[CropleyWasGod]

For businesses, specifically football clubs there needs to be investigation into the nature of why they entered administration. Choosing NOT to pay taxes, council / government funded initiatives, small businesses in the pursuit of success in such a way that there was never going to be a way to pay it all back, even if it meant success is very very different to businesses falling on hard times because of the recession etc. In the case of hearts, and probably a lot of other football clubs, its easy to see that this was the case.

The story of HMFC avoiding their public and social liabilities is repeated all too often in mainstream businesses. When money is tight, the first debt that gets bumped is the rates, or the wee tradesman, and then HMRC. "I'll catch up when things are better" is the normal story.

Sadly, though, there are many businesses who don't care, and wilfully don't pay. That's fraud. The law is there..... but proving "intent" is the problem.

In HMFC's case, I would expect that any complaint of fraud would be laid against the directors, rather than the company itself.

[southsider]

Hearts don't owe HMRC any money.

Their bill will be settled at 0p in the pound out of the 2.5 million CVA. It's the way business works.
Then that is all wrong. The normal hardworking people of the UK are being fleeced by spives, chancers and crook "football clubs" like sevco and hear7s. We need a change in the law to stop this happening. No one gives a flying jot down there about the people they have conned.

[Ozyhibby]

The ' it's not fair' brigade need to realise that the owners of Hearts lost everything when they went into admin.
The new owners can't and shouldn't be held liable for pre admin debts.
It's the business's customers that I suspect you want to see punished but that can't happen. If DFS go bust, nobody comes round and repossess your sofa. That's life.

[Onceinawhile]

The ' it's not fair' brigade need to realise that the owners of Hearts lost everything when they went into admin.
The new owners can't and shouldn't be held liable for pre admin debts.
It's the business's customers that I suspect you want to see punished but that can't happen. If DFS go bust, nobody comes round and repossess your sofa. That's life.

Yup. The problem many have is that hmfc are a football club and as such there's emotion involved. I can understand why people are getting upset, but it is what it is an people need to get over it.

[Nando™]

Yup. The problem many have is that hmfc are a football club and as such there's emotion involved. I can understand why people are getting upset, but it is what it is an people need to get over it.

And as such, in a sporting environment it is seen as cheating. For there to be real financial fair play, the powers need to apply proper punishments to clubs that enter administration.

My suggestions;
Instant relegation to the 3rd tier (at the highest)
Banned from representing Scotland in Europe for 10 years
Signing ban until the club starts to make operating profit, with the signing ban renewed every year they make a loss or the wages/turnover ratio goes above a certain number (say 80%).

[GordonHFC]

And as such, in a sporting environment it is seen as cheating. For there to be real financial fair play, the powers need to apply proper punishments to clubs that enter administration.

My suggestions;
Instant relegation to the 3rd tier (at the highest)
Banned from representing Scotland in Europe for 10 years
Singing ban until the club starts to make operating profit, with the signing ban renewed every year they make a loss or the wages/turnover ratio goes above a certain number (say 80%).

Stopping them singing is taking it a little too far don't you think ?

[Nando™]

Stopping them singing is taking it a little too far don't you think ?

The worst thing is that I even proof read it.

[AltheHibby]

The worst thing is that I even proof read it.

According to Word "proofread" is one word. :wink:

Yes, you're right, I have got nothing useful to add.

[southsider]

The ' it's not fair' brigade need to realise that the owners of Hearts lost everything when they went into admin.
The new owners can't and shouldn't be held liable for pre admin debts.
It's the business's customers that I suspect you want to see punished but that can't happen. If DFS go bust, nobody comes round and repossess your sofa. That's life.
I disagree. The new owners should be made to repay the unpaid tax. The previous owner was Vlad and he is/was a crook and a conman. Someone needs to pay these debts, that is why we all pay more. Your sofa thing is just daft.

[dangermouse]

And as such, in a sporting environment it is seen as cheating. For there to be real financial fair play, the powers need to apply proper punishments to clubs that enter administration.

My suggestions;
Instant relegation to the 3rd tier (at the highest)
Banned from representing Scotland in Europe for 10 years
Signing ban until the club starts to make operating profit, with the signing ban renewed every year they make a loss or the wages/turnover ratio goes above a certain number (say 80%).

I thought that was what financial fair play was all about. It obviously isn't working.

One flaw in your plan is the signing ban. The team would have to be able to sign U21 players at least otherwise as existing players left for better contracts in higher leagues they'd have no players left. Might have to be on a one out one in basis like how Hearts brought in that prolific striker from down south.

[greenginger]

The ' it's not fair' brigade need to realise that the owners of Hearts lost everything when they went into admin.
The new owners can't and shouldn't be held liable for pre admin debts.
It's the business's customers that I suspect you want to see punished but that can't happen. If DFS go bust, nobody comes round and repossess your sofa. That's life.


The owners of Hearts lost nothing. They had nothing to start with, everything came from funds now being repaid by the Lithuanian state.

I am also sure the owners managed to line their own pockets from cash generated by HOMFC instead of paying taxes, business rates, utilities , police , etc etc etc.

The new owners of HOMFC will have an extra 2 Scottish Cup wins on the club record to big themselves up with.

Re. your analogy to DFS. If the sofa turned out to be stolen it might well be repossessed , especially if the " customer " knew damn well it was stolen. :greengrin

[Crazyhorse]

I disagree. The new owners should be made to repay the unpaid tax. The previous owner was Vlad and he is/was a crook and a conman. Someone needs to pay these debts, that is why we all pay more. Your sofa thing is just daft.

I understood Ozy's point to be that we, the Hibs support, would like to see Hearts customers, i.e. the jambo supporting plums, punished. Because we dislike/hate etc them. The people who actually got punished (along with creditors, charities, Lithuanian pensioners) were the Hearts shareholders and that is as it usually is in this sort of situation. I happen to think the fleecing of the jambos over and over and over again for the past two years has been a very enjoyable spectable and hope it will continue. All the sevco supporters had to do was pay for a season ticket and start climbing through the divisions again.

[Ozyhibby]

We still don't have proper financial fair play regs in Scotland. We have punishments for when clubs go into admin but no way of policing clubs spending while it happens. This is a failure of the SFA.

[VivaHiberña]

And as such, in a sporting environment it is seen as cheating. For there to be real financial fair play, the powers need to apply proper punishments to clubs that enter administration.

My suggestions;
Instant relegation to the 3rd tier (at the highest)
Banned from representing Scotland in Europe for 10 years
Signing ban until the club starts to make operating profit, with the signing ban renewed every year they make a loss or the wages/turnover ratio goes above a certain number (say 80%).

This seems a bit harsh. As already mentioned, you're punishing the new regime, which would probably act as enough of a deterrent to prevent anyone taking over a club that runs into bother. This would essentially mean that any club that gets into financial trouble would have almost no way out if it and that would kill every Scottish club that enters administration. I know we all want blood but we need to think what if it wasn't someone we hate?

I'll remind you that part of Tom Farmer's plan was to take Hibs into receivership (what's now called administration) to weed out the bad assets. Would he have saved Hibs if your suggested sanctions were in place?


I disagree. The new owners should be made to repay the unpaid tax. The previous owner was Vlad and he is/was a crook and a conman. Someone needs to pay these debts, that is why we all pay more. Your sofa thing is just daft.

And the new owners are not crooks (probably). See above for why this would kill any club that goes into admin.

It is possible for a football club to genuinely be the victims of an a inept owner (eg. Hibs) and we need to legislate for that possibility too.


We still don't have proper financial fair play regs in Scotland. We have punishments for when clubs go into admin but no way of policing clubs spending while it happens. This is a failure of the SFA.

:agree: There needs to be more transparency and accountability to the SFA, which should be protecting clubs from themselves (I know, I know) as well as others from cheats. Don't let clubs cheat and don't let them drag the reputation of Scottish football down with them when they get caught.

What should be considered though, was that both Hearts and Rangers won competitions despite having gained an unfair advantage by breaking the rules. This is the very definition of cheating and as such a fair punishment would be stripping of all titles that can be proven to have been won with an improper advantage. It genuinely astonishes me that Rangers were let off with it* and that Hearts' cup titles haven't been discussed like this yet.



*Assuming we consider them to be the same club. Either way the record should show "No winner" for those seasons.

[BarneyK]

We still don't have proper financial fair play regs in Scotland. We have punishments for when clubs go into admin but no way of policing clubs spending while it happens. This is a failure of the SFA.

:agree: correct

[EH6 Hibby]

...in which case all those individuals who go bankrupt, whether by their own fault or not, should be denied public resources until they pay their Council Tax. Yeah? :cb

Why not? I'm not saying every penny should be paid back immediately, but put a payment plan in place to repay the money over a set affordable period.

I doubt the majority of private companies that have been done out of money will do business with the people that shafted them, so why should the public sector have to?

[Nando™]

This seems a bit harsh. As already mentioned, you're punishing the new regime, which would probably act as enough of a deterrent to prevent anyone taking over a club that runs into bother. This would essentially mean that any club that gets into financial trouble would have almost no way out if it and that would kill every Scottish club that enters administration. I know we all want blood but we need to think what if it wasn't someone we hate?
I'll remind you that part of Tom Farmer's plan was to take Hibs into receivership (what's now called administration) to weed out the bad assets. Would he have saved Hibs if your suggested sanctions were in place?
It maybe does prevent future owners, but these ideas would very likely scare every club into ensuring this never happens and to play fair. Also, the fans could influence how the regime is managed. These are the people who should, IMO, be the ones that feel the hit the most. If they take the "good times" without any remorse or protest at what was happening then they deserve everything that comes their way.

Maybe STF would have or wouldn't have, but maybe we wouldn't have been in that position if the deterrents were there in the first place.

[Seveno]

The football authorities were too slow to act over Hearts. There should be an immediate points deduction for the following offences:


Failure to lodge annual report and accounts on time
Failure to pay yaxes on due date
Failure to pay wages on due date.


The penalty should double with each suucessive offence.

If this had been in place, Hearts would have been relegated long before they went into Administration.

[Mikey09]

We still don't have proper financial fair play regs in Scotland. We have punishments for when clubs go into admin but no way of policing clubs spending while it happens. This is a failure of the SFA.


One of many many failures....

[MrSmith]

This seems a bit harsh. As already mentioned, you're punishing the new regime, which would probably act as enough of a deterrent to prevent anyone taking over a club that runs into bother. This would essentially mean that any club that gets into financial trouble would have almost no way out if it and that would kill every Scottish club that enters administration. I know we all want blood but we need to think what if it wasn't someone we hate?

However, most of those involved in FOH and Anne Budge herself, new fair well what was going on and did not act at the time therefore, certain aspects of punishment should be upheld!


I'll remind you that part of Tom Farmer's plan was to take Hibs into receivership (what's now called administration) to weed out the bad assets. Would he have saved Hibs if your suggested sanctions were in place?

STF, weeded out those toxic assets, sold them off, paid every creditor and issued shares to fans.



And the new owners are not crooks (probably). See above for why this would kill any club that goes into admin.

The new owners of HMFC new exactly what was happening behind the scenes, inaction nor ignorance negates association!


It is possible for a football club to genuinely be the victims of an a inept owner (eg. Hibs) and we need to legislate for that possibility too.

It very much is possible however, Vlad was known and sent packing by how many Scottish teams, 3?



What should be considered though, was that both Hearts and Rangers won competitions despite having gained an unfair advantage by breaking the rules. This is the very definition of cheating and as such a fair punishment would be stripping of all titles that can be proven to have been won with an improper advantage. It genuinely astonishes me that Rangers were let off with it* and that Hearts' cup titles haven't been discussed like this yet.

All titles and trophies should be removed without question nor comeback! Also the SPFL should ensure from now, that any unpaid tax by clubs entering administration/liquidation will not be treated as a newco, sevco, bidco etc, until the public purse has been fully settled!

[Weststandwanab]

The ' it's not fair' brigade need to realise that the owners of Hearts lost everything when they went into admin.
The new owners can't and shouldn't be held liable for pre admin debts.
It's the business's customers that I suspect you want to see punished but that can't happen. If DFS go bust, nobody comes round and repossess your sofa. That's life.Why would they take a sofa that has been paid for ?

[NadeAteMyLunch!]

I bought a new corner sofa from Land of Leather at Straiton about 5 years ago. Went in on the Saturday, signed up, paid etc. It was to be delivered the next Wednesday, stopped on the Monday night for another look at it and the shop had shut down. Sign on the door saying they had been liquidated!! 21 weeks later it arrived. This has no relevance to anything really, just wanted to join in the sofa chat

[Spike Mandela]

Passed Gary Locke with his wife and kids in M & S the Gyle today. He looked like a man without a care in the world. Anyone suggesting Hearts haven't "gotten away with it" haven't looked at his smug pus.

Wonder if he was buying a sofa? Hope they got him to pay up front.:cb

[Billy Whizz]

Passed Gary Locke with his wife and kids in M & S the Gyle today. He looked like a man without a care in the world. Anyone suggesting Hearts haven't "gotten away with it" haven't looked at his smug pus.

Wonder if he was buying a sofa? Hope they got him to pay up front.:cb

I saw him today also at the Gyle, coming out of NEXT. Looked smug as well

[VivaHiberña]

However, most of those involved in FOH and Anne Budge herself, new fair well what was going on and did not act at the time therefore, certain aspects of punishment should be upheld!

The new owners of HMFC new exactly what was happening behind the scenes, inaction nor ignorance negates association!

A) We don't know that for certain.
B) You can't punish someone for something they might have known about (Romanov et al., however, should of course be brought to justice).
C) You've not really answered my point, if we had these really harsh penalties no one would ever have tried to save Hearts. As much as we might hate them we can't just let Scottish clubs keep dying.

Lets imagine FOH never happened and the Scandinavians were named as preferred bidders by BDO. Should their hypothetical 'regime' be punished for Romanov's actions? The chances are they wouldn't have seen trying to rescue Hearts as worth their while.

While in their case that's probably fair, what about an innocent club?


STF, weeded out those toxic assets, sold them off, paid every creditor and issued shares to fans.

I'm not disputing that, but imagine Hibs had had a massive signing ban, automatic relegation, the other suggested penalties etc. We'd never have won the League Cup in 1992 because of the previous owners' mistakes forcing STF's hand yet by the apparent logic the fans should have been punished for not pressuring the board earlier. If we're going to apply draconian sanctions we need to be consistent.


It very much is possible however, Vlad was known and sent packing by how many Scottish teams, 3?

In Vlad's case, yes he was. But my point is that people can slip through nets and not every new owner will be as obviously dodgy as Vlad. What if we were talking about another club and another owner where the fans had genuinely been fleeced? I'm not saying there shouldn't be sanctions but lets be proportionate and consider all the circumstances that come into play without letting our contempt for the **** blind us to the big picture.


All titles and trophies should be removed without question nor comeback!

At least we agree on something.:greengrin


Also the SPFL should ensure from now, that any unpaid tax by clubs entering administration/liquidation will not be treated as a newco, sevco, bidco etc, until the public purse has been fully settled!

This gets tricky though. If they have to repay HMRC why not small businesses, private individuals etc? There's no easy answer so as much as I hate to say it the SFA are probably best off as they are letting the law deal with this while "protecting their own" with regards to football debts.

And breathe...

[Kaiser1962]

I'll remind you that part of Tom Farmer's plan was to take Hibs into receivership (what's now called administration) to weed out the bad assets. Would he have saved Hibs if your suggested sanctions were in place?

The receivership part was only deemed necessary because David Rowland wanted an excessive amount for his shareholding.

[Weststandwanab]

Where are the multi quote complainers ?

[Kaiser1962]

Where are the multi quote complainers ?

Good point! :greengrin

[#FromTheCapital]

Where are the multi quote complainers ?

We've decided to start complaining about hibs instead ;-)

[Weststandwanab]

Good point! :greengrin Thank you.


We've decided to start complaining about hibs instead ;-)
In that case I hope you revert to complaining about me soon.

[Tynie01011973]

A)

I'm not disputing that, but imagine Hibs had had a massive signing ban, automatic relegation, the other suggested penalties etc. We'd never have won the League Cup in 1992 because of the previous owners' mistakes forcing STF's hand yet by the apparent logic the fans should have been punished for not pressuring the board earlier. If we're going to apply draconian sanctions we need to be consistent.

And breathe...

*Cough cough* '91

:wink:

[Jack]

The ' it's not fair' brigade need to realise that the owners of Hearts lost everything when they went into admin.
The new owners can't and shouldn't be held liable for pre admin debts.
It's the business's customers that I suspect you want to see punished but that can't happen. If DFS go bust, nobody comes round and repossess your sofa. That's life.

I bought a sofa from Reids furniture place. My sofa was bust but Reids did nothing about it. ********!

[Keith_M]

I'm not disputing that, but imagine Hibs had had a massive signing ban, automatic relegation, the other suggested penalties etc. We'd never have won the League Cup in 1992 because of the previous owners' mistakes forcing STF's hand yet by the apparent logic the fans should have been punished for not pressuring the board earlier. If we're going to apply draconian sanctions we need to be consistent.



I'd suspected by your previous comments that you know nothing about the events of 1990 & 91. Thanks for confirming that with the comment above.

Pray tell, oh wise one, WHY would Hibs have received the penalties you mentioned above for an Administration event if they did not even go into Administration? You seem to be perpetuating Yam fantasies of the events of the time, things that never happened.

Oh and Hibs won the League cup in 91, not 92.

[lapsedhibee]

I bought a sofa from Reids furniture place. My sofa was bust but Reids did nothing about it. ********!

After Hibs won the league cup in 1993 I saw Gareth Evans and a wumman looking at a new sofa in Reid's at Picardy Place. Presumably looking to spend his winning bonus. If the sofa turned out faulty, Hibs should hand back the trophy. :agree:

[southsider]

After Hibs won the league cup in 1993 I saw Gareth Evans and a wumman looking at a new sofa in Reid's at Picardy Place. Presumably looking to spend his winning bonus. If the sofa turned out faulty, Hibs should hand back the trophy. :agree:
Yip and STF should pay everyones debts and go live in a shoebox in the middle of the road, eating hot gravel.

[jdships]

The receivership part was only deemed necessary because David Rowland wanted an excessive amount for his shareholding.


100% correct and thanks to STF and his " team" this was quickly sorted out !!!
Administration was never discussed other than in the scenario you mention

[CropleyWasGod]

Why not? I'm not saying every penny should be paid back immediately, but put a payment plan in place to repay the money over a set affordable period.

I doubt the majority of private companies that have been done out of money will do business with the people that shafted them, so why should the public sector have to?

If that were law, then it's likely that most administrations would fail. Liquidation would become the norm for insolvent companies, which would defeat the object of the admin provisions.

[Stax]

I bought a new corner sofa from Land of Leather at Straiton about 5 years ago. Went in on the Saturday, signed up, paid etc. It was to be delivered the next Wednesday, stopped on the Monday night for another look at it and the shop had shut down. Sign on the door saying they had been liquidated!! 21 weeks later it arrived. This has no relevance to anything really, just wanted to join in the sofa chat
:thumbsup: My favourite post for a while on here

[Peevemor]

I bought a new corner sofa from Land of Leather at Straiton about 5 years ago. Went in on the Saturday, signed up, paid etc. It was to be delivered the next Wednesday, stopped on the Monday night for another look at it and the shop had shut down. Sign on the door saying they had been liquidated!! 21 weeks later it arrived. This has no relevance to anything really, just wanted to join in the sofa chat

Sofa so good.

[CropleyWasGod]

Sofa so good.

...since you couch it in those terms... :top marks

[Springbank]

*Cough cough* '91

:wink:

Top fact about Hibs 91 cup winning team : Dave Beaumont ended his career with more medals than Gary McKay, John Colquhoun, Walter Zico Kidd and Craig Levein put together

[NadeAteMyLunch!]

That's a top fact!

[Mr White]

That's a top fact!

There's a similar one about neil orr...

[Leithenhibby]

There's a similar one about neil orr...
Dave Beaumont


I'm I not right in saying they never even kicked a ball in anger, in the 91 final.

[Mon Dieu4]

Dave Beaumont


I'm I not right in saying they never even kicked a ball in anger, in the 91 final.

Don't think he had ever played for us at all, had he not just signed and was on the bench?

[Mr White]

Dave Beaumont


I'm I not right in saying they never even kicked a ball in anger, in the 91 final.

Both unused subs.

[Leithenhibby]

Don't think he had ever played for us at all, had he not just signed and was on the bench?

Yeah, that rings a bell. :wink:

He did go on to play 70 games for us, scoring 2 :rolleyes:

[Glory Lurker]

Don't think he had ever played for us at all, had he not just signed and was on the bench?


:agree: Correct. He must have thought he'd landed the dream move! "What will I win when I actually play?!?"

[Leithenhibby]

Both unused subs.

I remember now :aok:

[FranckSuzy]

Where are the multi quote complainers ?

TBF, I think folk were just trying to point out that perhaps you don't really have to multi-quote repeatedly. I wouldn't think anyone would have an issue when it is used sporadically though :wink:

[GlasgowHibee]

keith jackson ‏@tedermeatballs (https://twitter.com/tedermeatballs) 30m
(https://twitter.com/tedermeatballs/status/459089934616625152)Imagine if hearts weren't the only top flight club to be deducted points? How would that impact on the relegation issue? Just a thought.

If they weasel their way out of relegation then the game truly is a bogey.

[VivaHiberña]

*Cough cough* '91

:wink:

Woops, that's embarrassing. Not even a typo, just a complete brain fart.



I'd suspected by your previous comments that you know nothing about the events of 1990 & 91. Thanks for confirming that with the comment above.

I'm not going to pretend to be an expert on the subject but I like to think I have a ok idea of what happened. I'm more than happy to be put right though, everyday's a school day. :greengrin


Pray tell, oh wise one, WHY would Hibs have received the penalties you mentioned above for an Administration event if they did not even go into Administration? You seem to be perpetuating Yam fantasies of the events of the time, things that never happened.

A quick Google search informs me that I really didn't (and still don't really) know what receivership is but it will suffice to say I thought it to be a lot more like administration than it actually is. Hence the scenario I outlined. I now realise why that might have come across as nonsense.

That said, surely if the SFA are going to be tough on clubs that aren't careful financially Hibs would have been disciplined in some way, if we're going down that route? What about entering receivership? Although an act of necessity, the SFA can't be seen to let clubs get themselves into that sort of situation unpunished.

Perhaps the Hibs example was ill-thought, I was trying to frame the debate in a manner that would get people to see things a bit differently.

We're going off the original point though; I agree with NandoTM that clubs need to be strongly disincentivised from being financially reckless and there have to be strong penalties for teams that attempt to shed debt in the way Hearts have done. However, the potential for destroying any club's chance at finding new investment as well as essentially punishing supporters that may (not in Hearts' case I realise) be totally blameless is not, in my view, the way to do things.

[jgl07]

I thought that was what financial fair play was all about. It obviously isn't working.
Financial Fair Play was never designed to stop teams from going bust. It was worked out by the former G14 clubs to protect their cartel and avoid any challenges from upstarts.

It would do very little about a club such as Hearts. The Yams would probably pass the FFP regulations over the past three years. You are allowed to lose 45 million Euros over three years study period. Plus all wages on pre-2010 player contracts can be disrearded for the 2010-2011 season. All spending on infrastructure and player development is also disregarded. Hearts have been losing around £7 million a year so would pass FFPR rather easily (if they had stayed out of administration.

Man United and Arsenal are up to their neck in debts but pass easily. Meanwhile Man City are totally debt free and are heading for prifitability in the current financial year but are under threat of sanctions. Also Liverpool, who failed FFPR are not being investigated because they were not competing in Europe this current season. Go figure!

[EuanH78]

If they weasel their way out of relegation then the game truly is a bogey.

Chat doing the rounds is killie have had an improperly registered player and games involving him may suffer points deductions. Started with keith Jackson though so not convinced but others picking it up now too. Could get messy considering the danny wilson registration fudge at start of the season.

Dailly record back page tomorrow apparently.

Sent from my GT-I8190 using Tapatalk

[dangermouse]

Financial Fair Play was never designed to stop teams from going bust. It was worked out by the former G14 clubs to protect their cartel and avoid any challenges from upstarts.

It would do very little about a club such as Hearts. The Yams would probably pass the FFP regulations over the past three years. You are allowed to lose 45 million Euros over three years study period. Plus all wages on pre-2010 player contracts can be disrearded for the 2010-2011 season. All spending on infrastructure and player development is also disregarded. Hearts have been losing around £7 million a year so would pass FFPR rather easily (if they had stayed out of administration.

Man United and Arsenal are up to their neck in debts but pass easily. Meanwhile Man City are totally debt free and are heading for prifitability in the current financial year but are under threat of sanctions. Also Liverpool, who failed FFPR are not being investigated because they were not competing in Europe this current season. Go figure!

That'll be the Tory Party of football allowing the rich to get richer at the expense of the poor. Wonder why they called it Financial Fair Play when it obviously isn't.

[SurferRosa]

Barry doesn`t seem to think the shares need released by a court. Done and dusted by the end of next week apparently... :coffee:


http://www.edinburghnews.scotsman.com/sport/football/hearts/bdo-to-waste-little-time-over-budge-takeover-1-3386835

[Waxy]

Whats the odds on a Hibs derby win and opposition against the share transfer both on the same day?

[Keith_M]

Whats the odds on a Hibs derby win and opposition against the share transfer both on the same day?


At - Clutching - Straws



:wink:

[Keith_M]

I'm not going to pretend to be an expert on the subject but I like to think I have a ok idea of what happened. I'm more than happy to be put right though, everyday's a school day. :greengrin



A quick Google search informs me that I really didn't (and still don't really) know what receivership is but it will suffice to say I thought it to be a lot more like administration than it actually is. Hence the scenario I outlined. I now realise why that might have come across as nonsense.

Perhaps the Hibs example was ill-thought, I was trying to frame the debate in a manner that would get people to see things a bit differently.



It takes a big man to admit he made a mistake, so fair play to you for that.


Fortunately, I don't ever make mistakes so the issue never comes up :wink:

[Weststandwanab]

TBF, I think folk were just trying to point out that perhaps you don't really have to multi-quote repeatedly. I wouldn't think anyone would have an issue when it is used sporadically though :wink: My question was tounge in cheek but thank you.


Barry doesn`t seem to think the shares need released by a court. Done and dusted by the end of next week apparently... :coffee:


http://www.edinburghnews.scotsman.com/sport/football/hearts/bdo-to-waste-little-time-over-budge-takeover-1-3386835 Keep the Faith the big L has not gone yet and they will not exit Admin before the end of this season in my opinion.

[JimBHibees]

It takes a big man to admit he made a mistake, so fair play to you for that.


Fortunately, I don't ever make mistakes so the issue never comes up :wink:

Is that another non-mistake? :greengrin

[Geo_1875]

Barry doesn`t seem to think the shares need released by a court. Done and dusted by the end of next week apparently... :coffee:


http://www.edinburghnews.scotsman.com/sport/football/hearts/bdo-to-waste-little-time-over-budge-takeover-1-3386835

Bawwy may well be right, but if he is it'll be the first time.

[Spike Mandela]

See this Hearts supporting fanny still implying Vlad was only criticised because he was foreign, doesn't actually mention what happened to Hearts 'share issue'.

Ewan Murray (@mrewanmurray)
24/04/2014 16:58
I see headlines of Aberdeen planning a share issue to help with a £16m debt and stadium plans. Just as well their owner isn't foreign...

[Geo_1875]

The EEN article has my head spinning.

Were FoH not named preferred bidders in the CVA? How come there is no mention of them except as potential recipients of Budgie's shareholding at some point in the future?

How does the transfer of UBIG/Ukio shareholding to BIDCO sever all ties with eastern Europe when Vlad's relative still holds 15% of the shares?

Why do BDO simply disappear to allow Budgie a free rein? Surely as administrators they will be involved (and paid) until they have been rubber stamped by the Court of Session?

If Bawwy was looking for a good news story he could have done a lot better.

[jacomo]

See this Hearts supporting fanny still implying Vlad was only criticised because he was foreign, doesn't actually mention what happened to Hearts 'share issue'.

Ewan Murray (@mrewanmurray)
24/04/2014 16:58
I see headlines of Aberdeen planning a share issue to help with a £16m debt and stadium plans. Just as well their owner isn't foreign...

If the share issue is a sham and the stadium plans turn out to be a fantasy with no prospect of being approved, then Ewan Murray might have a point to make. As it is he's just embarrassing himself.

[greenginger]

See this Hearts supporting fanny still implying Vlad was only criticised because he was foreign, doesn't actually mention what happened to Hearts 'share issue'.

Ewan Murray (@mrewanmurray)
24/04/2014 16:58
I see headlines of Aberdeen planning a share issue to help with a £16m debt and stadium plans. Just as well their owner isn't foreign...

Tell prick Ewan Murray that his hero Vlad has shafted Edinburgh Council for a confirmed £ 33,484.14 for unpaid business rates at their Ukio Bankas office in Castle Street. If the Bank had got a decent price for its security over the PBS our council might have seen some of the cash.

Now we are all a little bit poorer thanks to the Gorgie thieves and their accomplices.

[Waxy]

At - Clutching - Straws



:wink:If there's any straws left, i'll be seen clutching them :)

[fat freddy]

[QUOTE=Weststandwanab;3981773]My question was tounge in cheek but thank you.

is your tounge inside your moungth?

[Keith_M]

My question was tounge in cheek but thank you.

is your tounge inside your moungth?




:hnetinq:

[GreenLake]

If the share issue is a sham and the stadium plans turn out to be a fantasy with no prospect of being approved, then Ewan Murray might have a point to make. As it is he's just embarrassing himself.

He failed to mention that the foreign owner who he puckered up to has yet to issue any shares. "Fraud this is the village idiot, village idiot meet fraud".

[Weststandwanab]

[QUOTE=Weststandwanab;3981773]My question was tounge in cheek but thank you.

is your tounge inside your moungth?

It is.

Apologies for my mistake my fingers must have been quicker than my eyes.

[Springbank]

He failed to mention that the foreign owner who he puckered up to has yet to issue any shares. "Fraud this is the village idiot, village idiot meet fraud".

I'd like to take one official Hibs press call, just one, so I could use the opportunity to answer Barry or euan's inane and illinformed question with that reply

Genius

[s2hart]

Maybe I'm proving how thick I am but, if Vlad's assets are not frozen, how come the old bank building hasn't been sold yet, or is this different from the shares?

How long have we got left with the 20 day cooling off period(is it business days or actual days)?

With what 3 weeks left until the end of the season, I still live in hope of the big L :greengrin

Thanks in advance.

Lastly, FFS let's hope our team turn up on Sunday and get stuck right in tae them

[GlasgowHibee]

Maybe I'm proving how thick I am but, if Vlad's assets are not frozen, how come the old bank building hasn't been sold yet, or is this different from the shares?

How long have we got left with the 20 day cooling off period(is it business days or actual days)?

With what 3 weeks left until the end of the season, I still live in hope of the big L :greengrin

Thanks in advance.

Lastly, FFS let's hope our team turn up on Sunday and get stuck right in tae them

The 20 day cooling period ends on Sunday but as it's not a working day i'd presume it'd now take place on the Monday.

[GreenLake]

Maybe I'm proving how thick I am but, if Vlad's assets are not frozen, how come the old bank building hasn't been sold yet, or is this different from the shares?

How long have we got left with the 20 day cooling off period(is it business days or actual days)?

With what 3 weeks left until the end of the season, I still live in hope of the big L :greengrin

Thanks in advance.

Lastly, FFS let's hope our team turn up on Sunday and get stuck right in tae them

The value of that old bank building might just rise a little once the council does that £60,000 study for redevelopment it announced a day or so before the first CVA vote. A spectacular coincidence but there we go.

[WindyMiller]

The value of that old bank building might just rise a little once the council does that £60,000 study for redevelopment it announced a day or so before the first CVA vote. A spectacular coincidence but there we go.

I hear that due to neglect it is a complete wreck inside.

[GreenLake]

I here that due to neglect it is a complete wreck inside.

Just UBIG's other Edinburgh asset the PBS. :wink:

[Weststandwanab]

When is the Micro Wave test being done ?

[#FromTheCapital]

When is the Micro Wave test being done ?

The UBIG cooling off period is now finished I believe, so anytime in the next couple of weeks I assume. The frozen shares will almost certainly not be an issue.

[VivaHiberña]

When is the Micro Wave test being done ?

Good question.


The UBIG cooling off period is now finished I believe, so anytime in the next couple of weeks I assume. The frozen shares will almost certainly not be an issue.

Good answer.








Sorry, I just couldn't resist. Quietly and childishly giggling to myself.

[EK_Hibs]

No statement from BDO yet after this cooling off period?
Possibly bad news?

[CropleyWasGod]

No statement from BDO yet after this cooling off period?
Possibly bad news?

Bit premature I would have thought.

[Weststandwanab]

Bit premature I would have thought.As King Kenny used to say maybees aye maybees naw.

[southsider]

Bit premature I would have thought.
Omg we could sure do with an Alex Cropley right now. I would even settle for a Willie Murray or a Kenny Davidson or a John Hazel. All the later players were bit players at ER but would walk into the team now. As for Butcher great players dont always make even half-decent managers.

[Danderhall Hibs]

Good question.



Good answer.








Sorry, I just couldn't resist. Quietly and childishly giggling to myself.

:tee hee:

[Jim44]

I hear that due to neglect it is a complete wreck inside.

Untidy mice? :greengrin

[The Green Goblin]

Good question.



Good answer.








Sorry, I just couldn't resist. Quietly and childishly giggling to myself.

:greengrin

[Spike Mandela]

http://www.scotsman.com/sport/football/spfl/hearts-left-waiting-on-confirmation-of-ubig-deal-1-3391915

[WindyMiller]

Untidy mice? :greengrin


Possibly, but hopefully the poor we things had a flotilla to get around in. :agree: