Share Transfers Agreed/Cooling off period

[brog]

It appears the biscuit tin is empty.

http://www.bbc.co.uk/sport/0/football/22979684



Jeez guys, slow down, I went to Ascot yesterday & its taken me 2 hours this morning to catch up, but as Steve Tyler sang, I don't want to miss a thing!!
Couple of things;
1. Its as bad a situation as I've ever come across!! this from Bryan Jackson, the guy who's currently handling the Pars!! As I posted a couple of days ago I think BDO will stick their head round the door, say WTF & bolt for liquidation.
2. On an even happier note doesn't Bryan Jackson look like an undertaker??!! Could someone ( Steve? ) with more IT skills than me please do the necessary amendments to his pic? Possibly a new avatar!

[GloryGlory]

Also adds to the confusion, they said that the pledges will be taken at start of august so jonny yam thinks he's contributing but by the time his 10 dd is paid it could be too late.

IMO FoH are contributing nicely to the downfall of the current club, cheers guys!

This and the earlier post about the administrator asking the fans to put in cash - do the deluded ones realise that the first (and likely only) call on that money will be the administrator's fees?

[Leithenhibby]

Yup and it won't be our eyes that start watering! Unless we're laughing too hard of course :aok:


:greengrin Let the show begin!...........

[WestEndHibee]

Why don't F*** O** Hearts or whatever those letters stand for get a collective Wonga loan? Preferential rates (APR only 1000%) and approval within 15 minutes? Sorted.



It actually was cheating as were Rangers in some of their 'victories'. Both clubs should be stripped of titles as should any club anywhere, who has done this.



Then what? Svedish Consortium Time?

Is it true that the Swedes are headed up by some guy called Vladstig Romanovsson?

I find this very hard to believe. The yams could never be duped in the same way twice. They're just too clever for that, one of my sources tells me that some of them have already realised that Vlad hoodwinked them!!

[brog]

This and the earlier post about the administrator asking the fans to put in cash - do the deluded ones realise that the first (and likely only) call on that money will be the administrator's fees?

Yep! Thats probably BDO's biggest concern right now!! You mean, there's really no money at all, Holy Vlad!

[lucky]

Loving the meltdown of the Yams. But I doubt if any Yam involved in FoH will object to them funding administrators. If they don't get money in rapid then it liquidation. If FoH can keep them afloat then they have a chance of still being a SPL. So whilst there has been a change of direction by them I doubt they will complain.

[--------]

Just in - der head off der Sveedish Consortium is ....

http://25.media.tumblr.com/tumblr_ln24l0SZM91qls31ro1_500.jpg

[Northernhibee]

Why the **** are they not outside Tynie right now protesting, aiming to raise money, contacting entrepreneurs associated with Hearts, even baking some cakes right now?

Look back to Hands off Hibs, fan power found a buyer for us and helped keep Mercer at bay.

The administrator has said that they are in total dire straits, yet they're still going on about how they'll pump us at Tynie, 5-1 big team wee team etc. How much more blatant does it have to be, without a minor miracle their club won't see the summer out?

I really want to see one last derby for us to have a pop at Arbroath's 36-0 record, they're not exactly playing their part!

[Iain G]

Ian Murray MP has admitted that the FoH money could be used as a slush fund to keep the doors open during administration.

That should keep them limping on for another 4 or 5 days then :greengrin

[Moncur10]

Funny stuff, but I wouldn't be making it public where I work. There's a lot of angry Yams that could get onto your HR people. :aok:

Edited the post, good thinking, although with your reply they can still see the company name. They probably aren't bright enough to do anything about it though.

[jacomo]

Loving the meltdown of the Yams. But I doubt if any Yam involved in FoH will object to them funding administrators. If they don't get money in rapid then it liquidation. If FoH can keep them afloat then they have a chance of still being a SPL. So whilst there has been a change of direction by them I doubt they will complain.

True. After all, FoH will have millions to play with, so no problem diverting a small % to cover running costs now before launching their bid to buy the club in a couple of weeks.

#allisbarry

[TRC]

just moved to sweden I'll set them straight :aok:

[KdyHby]

Can't help feeling the yam's situation will have a short term negative impact on Hibs. So to do my bit I've just signed up a direct debit for the Hibs youth development fund: http://www.hibernianfc.co.uk/page/TheHiberniansMembers/0,,10290,00.html

[--------]

Edited the post, good thinking, although with your reply they can still see the company name. They probably aren't bright enough to do anything about it though.

FR can edit the quote and it's sorted.

FR?

[Phil D. Rolls]

Edited the post, good thinking, although with your reply they can still see the company name. They probably aren't bright enough to do anything about it though.

I think your job would be safe for a few years. It takes a while for the penny to drop over there.

[Kato]

Ian Murray MP has admitted that the FoH money could be used as a slush fund to keep the doors open during administration.

But what will they do next week?

[Phil D. Rolls]

FR can edit the quote and it's sorted.

FR?

Job done.

[SMAXXA]

Just drove past tyne and theres loads of media vans parked in the main car park so did the obligatory toot toot toot toot toot toot toot toot toot Hibes as I drove past. Then turned onto Gorgie and as driving past the other entrance on Gorgie road, you couldn't make this up, a Hearse was parked right outside the stand :faf::faf:, turned and said to the Mrs "how apt is that". Its great days to be a Hibee :flag:

[--------]

Job done.


Good man. So, do we take Mr Mullen since he's available, or what?

[Speedway]

It took him 6 years to see the light? Talk about a dim bulb brightening.

Anybody feel brave enough to broach the subject of Santa Claus with Stan?

What are you saying?


Why the **** are they not outside Tynie right now protesting, aiming to raise money, contacting entrepreneurs associated with Hearts, even baking some cakes right now?

Look back to Hands off Hibs, fan power found a buyer for us and helped keep Mercer at bay.

The administrator has said that they are in total dire straits, yet they're still going on about how they'll pump us at Tynie, 5-1 big team wee team etc. How much more blatant does it have to be, without a minor miracle their club won't see the summer out?

I really want to see one last derby for us to have a pop at Arbroath's 36-0 record, they're not exactly playing their part!

Money for Nothing you might say.

[Onion]

True. After all, FoH will have millions to play with, so no problem diverting a small % to cover running costs now before launching their bid to buy the club in a couple of weeks.

#allisbarry

Lets face it, the Yams are goosed. This is just good money ager bad, just as it was with the so called share issue, ST sales and bake sales. All funds are being diverted to pay wages of the players, staff and now the admins. None of it is being used to do what they need at this stage, pay off their debts and tax bills. The Lith Admins have no affinity with the club and will be seeking full value for creditors which will likely involve the sale of Tynecastle at best commercial value -not some knock down fire-sale price that FOH might want.

The sooner the Admins come clean about this the sooner everyone can get on with new fixture lists and applications for Newco. IMHO Hearts will not be playing football next season.

[StevieC]

Ian Murray MP has admitted that the FoH money could be used as a slush fund to keep the doors open during administration.

But they wont start collecting money until August, and wont know how much they actually have until that date.

I think the administrator would struggle to keep the club going for 6 weeks on the basis that there may (or may not) be an undefined amount of money available for running costs.

[s.a.m]

Jeez guys, slow down, I went to Ascot yesterday & its taken me 2 hours this morning to catch up, but as Steve Tyler sang, I don't want to miss a thing!!
Couple of things;
1. Its as bad a situation as I've ever come across!! this from Bryan Jackson, the guy who's currently handling the Pars!! As I posted a couple of days ago I think BDO will stick their head round the door, say WTF & bolt for liquidation.
2. On an even happier note doesn't Bryan Jackson look like an undertaker??!! Could someone ( Steve? ) with more IT skills than me please do the necessary amendments to his pic? Possibly a new avatar!

:agree: I was just about to post the exact same thing! :greengrin

[Mac]

FR can edit the quote and it's sorted.

FR?

did you edit mine aswell!!!

[Craig_in_Prague]

dont know if I have just not seen any mention, or coz I dont use twitter; but Allisbarry seems awfully quiet the last day or two ?

[hibs0666]

BDO hosting a press conference at 5pm tonight apparently. I reckon there will be more than a few sphincters twitching on Planet Yam after Bryan struts his stuff.

[SlickShoes]

That should keep them limping on for another 4 or 5 days then :greengrin

How can FoH money do anything? the Direct Debits aren't getting taken until August, Hearts could be liquidated by then!

[s2hart]

I don't venture over to the dark side but what is the general consensus from our brain dead neighbours about the begging bowl coming out again? Are they falling for it again?

[jacomo]

But they wont start collecting money until August, and wont know how much they actually have until that date.

I think the administrator would struggle to keep the club going for 6 weeks on the basis that there may (or may not) be an undefined amount of money available for running costs.

Wonga loan, obviously.

[21.05.2016]

Why the **** are they not outside Tynie right now protesting, aiming to raise money, contacting entrepreneurs associated with Hearts, even baking some cakes right now?

Look back to Hands off Hibs, fan power found a buyer for us and helped keep Mercer at bay.

The administrator has said that they are in total dire straits, yet they're still going on about how they'll pump us at Tynie, 5-1 big team wee team etc. How much more blatant does it have to be, without a minor miracle their club won't see the summer out?

I really want to see one last derby for us to have a pop at Arbroath's 36-0 record, they're not exactly playing their part!

Because they are far too busy banging on about 5-1, 1902, big team wee team etc.

[21.05.2016]

Just drove past tyne and theres loads of media vans parked in the main car park so did the obligatory toot toot toot toot toot toot toot toot toot Hibes as I drove past. Then turned onto Gorgie and as driving past the other entrance on Gorgie road, you couldn't make this up, a Hearse was parked right outside the stand :faf::faf:, turned and said to the Mrs "how apt is that". Its great days to be a Hibee :flag:

HMFC - the club that just keeps on giving!

[Speedway]

I don't venture over to the dark side but what is the general consensus from our brain dead neighbours about the begging bowl coming out again? Are they falling for it again?

Rod does it to us every year. They get BDO to do it, a top five accounting firm.

See? Big team.

[PapillonVert]

Fifty fathoms is nowhere deep enough PV. ;-)

Would settle for 15 fathoms. :greengrin

[Phil D. Rolls]

Rod does it to us every year. They get BDO to do it, a top five accounting firm.

See? Big team.

Petrie!!! :brickwall

[Treadstone]

On a related/unrelated note I will pay diamonds to the person that can get me the details of the £500 per month pledgers. I am working on behalf of African royalty and have a business proposal they may be interested in.

[Northernhibee]

I don't venture over to the dark side but what is the general consensus from our brain dead neighbours about the begging bowl coming out again? Are they falling for it again?

The plan to see the summer out is 5-1 big wee team hobos VLADIMIR ROMANOV VLADIMIR ROMANOV 1902.

[PapillonVert]

So, if you're not made redundant, you'll be offered the chance to work for no wages? Is that even legal?

Let's call it an "internship", shall we?

[Iain G]

HMFC - the club that just keeps on giving!

Should that not be the club that keeps on taking....:confused::greengrin

[Ozyhibby]

On a related/unrelated note I will pay diamonds to the person that can get me the details of the £500 per month pledgers. I am working on behalf of a African royalty and have a business proposal they may be interested in.

No need to pay diamonds, just ask. Most of them are on here. :-)

[GloryGlory]

dont know if I have just not seen any mention, or coz I dont use twitter; but Allisbarry seems awfully quiet the last day or two ?

He's in tonight's EEN, among other things talking about "four credible bidders" for the Yams. :greengrin

[Pretty Boy]

Reckon we should mobilise a squad of a few dozen Hibbies, get some banners, smokebombs, placards etc and head down to Tynie.

'protesting for the jambos, we're protesting for the jambos'

'shall we do your job for you, shall we do your job for you?'

[greengnome]

Reckon we should mobilise a squad of a few dozen Hibbies, get some banners, smokebombs, placards etc and head down to Tynie.

'protesting for the jambos, we're protesting for the jambos'

'shall we do your job for you, shall we do your job for you?'




Nah, it's ok noo. The gasman on Keekbroke has given all the disciples good news aboot some consortium... All quietly confident.... Not fully, not loudly, but quietly... Confident. :confused:

[YehButNoBut]

Hearts staff furious with Fedotovas email

http://www.scotsman.com/sport/football/top-football-stories/hearts-fury-as-administration-signalled-by-email-1-2972198

HEARTS staff are furious after outgoing directors signed off from duty in an email and left employees fearing for their jobs.

The club officially entered administration yesterday as auditing firm BDO began work at Tynecastle. However, no board member appeared in person to address employees or apologise for the fallen Lithuanian regime.

Instead, director Sergejus Fedotovas sent an email to all staff thanking them for their “enormous efforts” and wishing them well under a “new regime”. The Evening News can reveal that Fedotovas’ fellow director Vitalijus Vasiliauskas was in Edinburgh on Sunday to sign papers signalling Hearts’ intent to enter administration. However, he flew back to Lithuania on Monday and chose not to speak to staff.

The only other board member, chairman Roman Romanov, has not been seen at the club in more than five years since he claimed Scottish football was “fixed” during Hearts’ AGM in April 2008. A source close to Tynecastle said today: “The staff feel let down that they weren’t given a face-to-face address by any of the directors. While the email was welcomed, it was lacking in an admission of guilt on the board’s part.

“That’s something they’ve been culpable of since coming in. It’s never been their fault. They’re gone now, which is the bottom line, so things can move forward hopefully. I would think we’re unlikely to see them back in Edinburgh.”

[Treadstone]

No need to pay diamonds, just ask. Most of them are on here. :-)

Email being sent to Blackpoolhibs as we speak.

[s.a.m]

No need to pay diamonds, just ask. Most of them are on here. :-)

:tee hee:


Reckon we should mobilise a squad of a few dozen Hibbies, get some banners, smokebombs, placards etc and head down to Tynie.

'protesting for the jambos, we're protesting for the jambos'

'shall we do your job for you, shall we do your job for you?'

:greengrin :protest:

[WestEndHibee]

Because they are far too busy banging on about 5-1, 1902, big team wee team etc.

:agree: Exactly! They keep reasoning with themselves that it's ok to be where they are. Even now they're in administration they've managed to come to the consensus that they will be out soon debt free and second in the spl. It's actually worrying that a team with 140 years of history can go down without much more than a cough and splutter.

[Sergey]

Live updates of BDO meeting with staff via following STV link:

http://sport.stv.tv/football/230096-live-updates-as-administrators-meet-staff-at-heart-of-midlothian/?

[kdhibees1]

Jeez guys, slow down, I went to Ascot yesterday & its taken me 2 hours this morning to catch up, but as Steve Tyler sang, I don't want to miss a thing!!
Couple of things;
1. Its as bad a situation as I've ever come across!! this from Bryan Jackson, the guy who's currently handling the Pars!! As I posted a couple of days ago I think BDO will stick their head round the door, say WTF & bolt for liquidation.
2. On an even happier note doesn't Bryan Jackson look like an undertaker??!! Could someone ( Steve? ) with more IT skills than me please do the necessary amendments to his pic? Possibly a new avatar!
http://img200.imageshack.us/edit_preview.php?l=img200/4400/j10f.jpg&action=rotate

[Treadstone]

Staying about 100yds from Swynie, I am only too pleased to offer my services. I will get papers and sarnies from greggs for all workies involved with the demolition process.

[Gus Fring]

Hearts fans genuinely believe that this whole Admin/BDO thing was carefully orchestrated to get them over to new owners debt free as quickly as possible. They've no comprehension that their club is teetering on the edge of liquidation. They really don't understand that not only do the administrators need to find a buyer who wants to pay for a club thats crippled financially but also find a hefty amount of cash to keep them running every day. BDO can't pull the same dirty tricks the previous regime pulled to keep them afloat (delaying tax etc).

[Phil D. Rolls]

:agree: Exactly! They keep reasoning with themselves that it's ok to be where they are. Even now they're in administration they've managed to come to the consensus that they will be out soon debt free and second in the spl. It's actually worrying that a team with 140 years of history can go down without much more than a cough and splutter.

A cult following, everyone of them is a cult.

[Craig_in_Prague]

Hearts fans genuinely believe that this whole Admin/BDO thing was carefully orchestrated to get them over to new owners debt free as quickly as possible. They've no comprehension that their club is teetering on the edge of liquidation. They really don't understand that not only do the administrators need to find a buyer who wants to pay for a club thats crippled financially but also find a hefty amount of cash to keep them running every day. BDO can't pull the same dirty tricks the previous regime pulled to keep them afloat (delaying tax etc).

Will just make it all the more enjoyable when the inevitable happens IMO !

[HUTCHYHIBBY]

And the Bus Convener that sold seats on a Cup Final bus to his own fans then does a runner with the cash without any bus ever being paid for. Leaving his own fans bus less on the morning of the Cup Final.

Add the boy that used to run Luckies that "chartered" the plane for a Euro trip.

[Craig_in_Prague]

Hearts staff told all cuts will be made by end of play today (per the live feed - cheers for that Sergey)

Ryan Stevenson - I wonder..............

Erm, hi darling, it's me... I erm, don't have good news........

[SMAXXA]

Administrators told staff they hope to retain majority of playing staff. But some will need to be sold.

[DevonLoch]

Bryan Jackson photographed arriving at Tynecastle early this morning…..

10366

[Craig_in_Prague]

Administrators told staff they hope to retain majority of playing staff. But some will need to be sold.

and if no-one wants them ?

[SMAXXA]

Those staff who do keep their jobs have been told there can be no guarantee when they will receive pay

[Bostonhibby]

On a related/unrelated note I will pay diamonds to the person that can get me the details of the £500 per month pledgers. I am working on behalf of African royalty and have a business proposal they may be interested in.

You can just donate my, and my good friend and fellow pledger Richard Soles' share of the diamonds to Dnipro Kids please.

[SMAXXA]

and if no-one wants them ?
Well.............:faf::faf::faf::faf:

[SmashinGlass]

A **** following, everyone of them is a ****.

Fixed that for you :wink:

[Coco Bryce]

Andrew Chambers@stvAndyC Hearts staff told all cuts will be made by end of play today. #HMFC

Not nice to see anybody loose their jobs in the current climate.

[Bostonhibby]

A cult following, everyone of them is a cult.

Agree, they are a bunch of cults.

[SMAXXA]

Administrators told staff that they hope to meet with one of the parties interested in buying the club today.

[Hibee87]

Administrators told staff they hope to retain majority of playing staff. But some will need to be sold.


This is the bit Idont get......why would anyone BUY a player from hearts knowing full well if they dont, they would be able to pick them up for free in a week or 2 any way? Add to the fact they actually dont have many, if any, players worth a bean......BDO should do the hounorable thing and just padlock the gates tonight and be done with it.

[Phil D. Rolls]

Staying about 100yds from Swynie, I am only too pleased to offer my services. I will get papers and sarnies from greggs for all workies involved with the demolition process.

Surely we could save them money by doing the job ourselves?


Those staff who do keep their jobs have been told there can be no guarantee when they will receive pay

Business as usual then?

[Billy Whizz]

Administrators told staff they hope to retain majority of playing staff. But some will need to be sold.

Do they become free agents if they want, in administration?

[Craig_in_Prague]

anyone know who the potential buyer is?

[GloryGlory]

Hearts fans genuinely believe that this whole Admin/BDO thing was carefully orchestrated to get them over to new owners debt free as quickly as possible. They've no comprehension that their club is teetering on the edge of liquidation. They really don't understand that not only do the administrators need to find a buyer who wants to pay for a club thats crippled financially but also find a hefty amount of cash to keep them running every day. BDO can't pull the same dirty tricks the previous regime pulled to keep them afloat (delaying tax etc).

They need to find a hefty amount of cash to pay their own fees (these guys do not come cheap) and THEN they need to find a hefty amount of cash to keep the Yams running day to day. I reckon they may quickly come to theconclusion that liquidation is the only option. :greengrin

[SMAXXA]

Surely we could save them money by doing the job ourselves?



Business as usual then?

:agree: basically come play for free and we might be able to give you a bean or two, infact no just a bean lets be realistic

[SMAXXA]

Do they become free agents if they want, in administration?

I think if you don't get paid for sumit like 3 consecutive months you automatically can leave for nothing, something like that anyway

[GloryGlory]

Do they become free agents if they want, in administration?

I don't think so - however, I am not sure what the situation is if the administrator tries to rip up their contracts and get them to accept lower wages (and also maybe write off any overdue wages/bonuses).

Edit: I'm not sure if the above scenarios could constitute constructive dismissal.

[PatHead]

anyone know who the potential buyer is?

Ian Murray MP was on the last plane up from Heathrow last night. Bound to be him and the rest of FoH. Bet they announce ticket sales for Hibs game immediately to get cash through the door with a begging bowl to sell the stock in the shop. By the way anyone seen the container ship full of strips yet?

[greengnome]

Hearts staff told all cuts will be made by end of play today (per the live feed - cheers for that Sergey)

Ryan Stevenson - I wonder..............

Erm, hi darling, it's me... I erm, don't have good news........




What can i say??? Classic!!! PMSL :faf: (Don't look for any sympathy down ER way.... It just 'aint there)...

[CB_NO3]

Am guessing admin staff, shop workers, groundsman, maintenance guys and so on wont be on alot of wages. Probably nothing more than £1300 per month. They are going to have to dig alot deeper than that to free some pennies up.

[ScottB]

Sounds like BDO are preparing to start asking the fans to bankroll the club to keep the admin going.

Which will mean even less cash for FoH...

[SMAXXA]

Gary Locke just left Tynecastle. Staff who've received the worst possible news also leaving. Tough times for all concerned

[Sergey]

Am guessing admin staff, shop workers, groundsman, maintenance guys and so on wont be on alot of wages. Probably nothing more than £1300 per month. They are going to have to dig alot deeper than that to free some pennies up.

Shop staff and cleaners were factored out. They weren't on Yams books.

[Biggie]

Administrators told staff that they hope to meet with one of the parties interested in buying the club today.

Yeah, I've got a meeting with them at 3pm today..:devil:

[SmashinGlass]

Shop staff and cleaners were factored out. They weren't on Yams books.

Or we're they:confused: :wink:

[Fife-Hibee]

Don't forget the 'angry scenes' after the AGM a few years bck.

2 fuds in outdated club leisurewear hugging amd stumbling for about 4 seconds.

It was the Tianenman Square of McLeod Street so it was.

Hahaha

[Baw187]

Administrators told staff that they hope to meet with one of the parties interested in buying the club today.

Some yam on KB called the Gasman claiming he's ITK about a UK based consortium that have made a bid deemed 'meaningful' by the Lith Admins and that things were progressing well.... Hmm.

[Gus Fring]

anyone know who the potential buyer is?

I have it on very good authority it's the FOH. My source within tynecastle has kept his job, for now it seems.

[Liberal Hibby]

:agree: Yep. Sold it on the basis of fan ownership.

Indeed. And given their constitution has been based on a standard one by Supporters' Direct - then it may be ultra viries of FoH to use funds raised for one purpose to be spent on another. They don't have any directors yet either, so I'm not sure how they can make such a decision.

They'd also be better off letting the oldco go to the wall as soon as possible - as it would be far cheaper to start from scratch.

[Leithenhibby]

Gary Locke just left Tynecastle. Staff who've received the worst possible news also leaving. Tough times for all concerned


It stops being "Rivalry" when staff lose their job...... I don't find that part of this sorry mess funny at all.....

[Pedantic_Hibee]

There's so much I Told You So to throw about this week. Absolutely magic.

Vlad has pissed all over them and the only person of a maroon persuasion to enjoy it would most likely be Gary Locke.

[Part/Time Supporter]

Andrew Chambers@stvAndyC Hearts staff told all cuts will be made by end of play today. #HMFC

Not nice to see anybody loose their jobs in the current climate.

This.

I've been made redundant before. We had lost a major contract and the staff affected had to re-interview with the business to see who would be retained in other positions. I was given the one temporary job of completing the work under the contract. Even with the cushion of that notice period and it being at a reasonably kind time of life to happen (young, semi-skilled, no family), it was easily the worst day I have had in my life.

Christ knows what some of those folk are going through now, some may have worked for them for decades and may not have transferrable skills to other employers. Particularly in a tougher economic environment. I genuinely wish the Hearts employees who are made redundant today every good luck in their future efforts.

[Pedantic_Hibee]

It stops being "Rivalry" when staff lose their job...... I don't find that part of this sorry mess funny at all.....

Dance with the devil and all that. I wouldn't agree to work for an employer if I knew they were notorious for not paying wages.

[jacomo]

Ian Murray MP was on the last plane up from Heathrow last night. Bound to be him and the rest of FoH. Bet they announce ticket sales for Hibs game immediately to get cash through the door with a begging bowl to sell the stock in the shop. By the way anyone seen the container ship full of strips yet?

BDO: Right, had a quick look at the books and its a f****** horror show. We need cash yesterday. How's the FoH fundraising coming along? You've got thousands of bona fide pledges right?

FoH: Er...

[Leithenhibby]

Dance with the devil and all that. I wouldn't agree to work for an employer if I knew they were notorious for not paying wages.

There are lots of terms we can muster, but the staff (non playing) may have been there for decades! So no, I don't agree with this one. :wink:

[ScottB]

So a bunch of staff will be laid off today (sad times for most of them we should note).

I suspect a few players will be amongst that, if 'Cap'n Zal' is indeed under contract to August he'll presumably be first out the door, along with anyone else that is deemed to have no sell on value.

BDO claim to be meeting a buyer later today, must surely be FoH, which will be a very short meeting where that tube of an MP will babble on about converting pledges and £4million a month, but not having any money right now. BDO will presumably then firm up their statement from today about needing the fans to bankroll the club till a buyer can be found, if there's enough donations then this farce staggers on till the next big bill turns up, if not then it's straight to liquidation.


Does that sound about right as a likely sequence of events?

[Dunderhall]

Ian Murray MP was on the last plane up from Heathrow last night. Bound to be him and the rest of FoH. Bet they announce ticket sales for Hibs game immediately to get cash through the door with a begging bowl to sell the stock in the shop. By the way anyone seen the container ship full of strips yet?

Could be a short meeting then.

Bryan Jackson - Show us the colour of your money
Ian Murray - em well, we've got this website likesy, and I've done a powerpoint for when we go to see the banks
Bryan Jackson - Mr Mackie, what's your role in this.
Alex Mackie - What me, I'm just here to listen and hope people forget I was ever involved.
Bryan Jackson - Thanks, we'll let you know.

Expect Ian murray to come out with a positive and constructive meeting type statement.

[CropleyWasGod]

Dance with the devil and all that. I wouldn't agree to work for an employer if I knew they were notorious for not paying wages.

Not everyone has the good fortune to be able to choose.

[Leithenhibby]

Could be a short meeting then.

Bryan Jackson - Show us the colour of your money
Ian Murray - em well, we've got this website likesy, and I've done a powerpoint for when we go to see then banks
Bryan Jackson - Mr Mackie, what's your role in this.
Alex Mackie - what me, I'm just here to listen and hope people forget I was ever involved.
Bryan Jackson - Thanks, we'll let you know.

Expect Ian murray to come out with a positive and constructive meeting type statement.


:faf::faf:

[green.and.white]

Could be a short meeting then.

Bryan Jackson - Show us the colour of your money
Ian Murray - em well, we've got this website likesy, and I've done a powerpoint for when we go to see then banks
Bryan Jackson - Mr Mackie, what's your role in this.
Alex Mackie - what me, I'm just here to listen and hope people forget I was ever involved.
Bryan Jackson - Thanks, we'll let you know.

Expect Ian murray to come out with a positive and constructive meeting type statement.


#allismurray

[SMAXXA]

http://a0.twimg.com/profile_images/2898889580/d60a6cf29b82dfc4c95ade6ed1f9d2a1_normal.png (https://twitter.com/seanmurdoch01)Sean Murdoch (https://twitter.com/seanmurdoch01)@seanmurdoch01 (https://twitter.com/seanmurdoch01)
http://www.coveritlive.com/templates/coveritlive/images/twitter_bird.pngSad to see Hearts staff being made redundant today. I think even Hibs would agree this should never happen! People have Families to support!

[Treadstone]

So a bunch of staff will be laid off today (sad times for most of them we should note).

I suspect a few players will be amongst that, if 'Cap'n Zal' is indeed under contract to August he'll presumably be first out the door, along with anyone else that is deemed to have no sell on value.

BDO claim to be meeting a buyer later today, must surely be FoH, which will be a very short meeting where that tube of an MP will babble on about converting pledges and £4million a month, but not having any money right now. BDO will presumably then firm up their statement from today about needing the fans to bankroll the club till a buyer can be found, if there's enough donations then this farce staggers on till the next big bill turns up, if not then it's straight to liquidation.


Does that sound about right as a likely sequence of events?

I just don't see any good news for them. "Right you can have our pledges to that are 6 weeks away from being collected to keep the club afloat in the short term and not what the money was originally pledged for. And then can we agree a price for the club from those same pledges that are a month and a half away from being gathered less any money that has been used in the short term"

[Phil D. Rolls]

Are the grunts calling him"Mr Jackson" yet?

[Leithenhibby]

Not everyone has the good fortune to be able to choose.


:agree:

Rivalry doesn't cover this event for me ........ :wink:

[clerriehibs]

Are the grunts calling him"Mr Jackson" yet?

lol!!!

[jacomo]

Are the grunts calling him"Mr Jackson" yet?

Might be an idea for a new tattoo?

[greengnome]

http://a0.twimg.com/profile_images/2898889580/d60a6cf29b82dfc4c95ade6ed1f9d2a1_normal.png (https://twitter.com/seanmurdoch01)Sean Murdoch (https://twitter.com/seanmurdoch01)@seanmurdoch01 (https://twitter.com/seanmurdoch01)
http://www.coveritlive.com/templates/coveritlive/images/twitter_bird.pngSad to see Hearts staff being made redundant today. I think even Hibs would agree this should never happen! People have Families to support!


Yep, sad to see the staff being the losers, always the way of it!

[jacomo]

http://a0.twimg.com/profile_images/2898889580/d60a6cf29b82dfc4c95ade6ed1f9d2a1_normal.png (https://twitter.com/seanmurdoch01)Sean Murdoch (https://twitter.com/seanmurdoch01)@seanmurdoch01 (https://twitter.com/seanmurdoch01)
http://www.coveritlive.com/templates/coveritlive/images/twitter_bird.pngSad to see Hearts staff being made redundant today. I think even Hibs would agree this should never happen! People have Families to support!

No argument there. Absolutely FA to do wi Hibs, though.

[patlowe]

Just gone on Kickback for the first time during this debacle - I cannot believe the thread entitled 'All this worry. Worth it?'. The vast majority are actually suggesting that their current situation is 'worth it' for the 2 cups and the 2nd place finish. What, worth destroying people's livelihoods? Worth the very possible extinction of your club and its 139 year history? Worth losing your spiritual home?

I'm stunned.

[Purple & Green]

Administrators told staff they hope to retain majority of playing staff. But some will need to be sold.

When does the transfer window open, 1st July? They need funds to see them through the next 11 days - like yesterday - and pay the administrators.

I can't see that they will survive, and suspect this will be the quickest football admin - liquidation in history.

Not nice that anyone has lost their job, but bizarrely few seem to blame Romanov!

[brog]

http://img200.imageshack.us/edit_preview.php?l=img200/4400/j10f.jpg&action=rotate


Superb! Like most on here though I feel for the innocent & probably low-paid staff losing their jobs.

[Part/Time Supporter]

Just gone on Kickback for the first time during this debacle - I cannot believe the thread entitled 'All this worry. Worth it?'. The vast majority are actually suggesting that their current situation is 'worth it' for the 2 cups and the 2nd place finish. What, worth destroying people's livelihoods? Worth the very possible extinction of your club and its 139 year history? Worth losing your spiritual home?

I'm stunned.

The best I can say for them is that perhaps the Rangers administration has given a false impression of what administration is like. I say that because most fans, whose clubs have not been previously been affected by it, would only have paid much attention to the process when it happened to them. That was a complete fix and a farce of an administration. It was all pre-agreed and pre-planned, with the scheme only scuppered to any meaningful extent by the "no to newco" campaign.

Unfortunately for the ordinary folk who work for Hearts, this is not typically the case anywhere else.

[Fife-Hibee]

Just drove past tyne and theres loads of media vans parked in the main car park so did the obligatory toot toot toot toot toot toot toot toot toot Hibes as I drove past. Then turned onto Gorgie and as driving past the other entrance on Gorgie road, you couldn't make this up, a Hearse was parked right outside the stand :faf::faf:, turned and said to the Mrs "how apt is that". Its great days to be a Hibee :flag:
Yeah' saw that, thought it was rather amusing !!

[Pedantic_Hibee]

http://www.hmfckickback.co.uk/index.php?/topic/129262-fans-should-be-outside-tynecastle/#entry3653324

Hahaha, should have done that about 8 years ago to be honest.

Spineless wimps.

[Andy74]

It's not nice but Hearts fans themselves think its all worth it. I suppose that includes seemingly innocent members of their staff losing their jobs. This is part of what they have encouraged and enjoyed to win a couple of cups. Perhaps the sight of normal punters leaving their jobs later will change their worth it stance. Doubt it though.

[Moulin Yarns]

http://www.youtube.com/watch?v=nzhzCF77GDo

[Glesgahibby]

Sad to see anyone lose there jobs.
i wonder if Ian murray MP will console these people
by telling them it was worth it?
i wonder if the wetoldyesothinkback mob can see the irony yet
of boasting about all this being worth it,yet on the same hand
condem job losses?
to the people who have lost there jobs today
i and most hibbys wish you well in seeking employment.

[sh00byd00]

The best I can say for them is that perhaps the Rangers administration has given a false impression of what administration is like. I say that because most fans, whose clubs have not been previously been affected by it, would only have paid much attention to the process when it happened to them. That was a complete fix and a farce of an administration. It was all pre-agreed and pre-planned, with the scheme only scuppered to any meaningful extent by the "no to newco" campaign.

Unfortunately for the ordinary folk who work for Hearts, this is not typically the case anywhere else.

I think almost every recent club administration has given almost every football fan a false impression. I can't recall many if any clubs since Airdrie and Aldershot going boom. Administration is to football fans what bankruptcy is to normal people on the street. We all think it's a get out clause, a chance to rid ourselves of debt without much come back. The reality is, it's a major pain up the arse unless you happen to be Rangers. Even if they exit admin, Dundee is proof that it's easy to slip back into the red.

[Frazerbob]

http://www.hmfckickback.co.uk/index.php?/topic/129262-fans-should-be-outside-tynecastle/#entry3653324

Hahaha, should have done that about 8 years ago to be honest.

Spineless wimps.

To be fair, in 1990 when the news broke about Mercer's take over, I and many others headed straight for the stadium as we wanted to hear what was going on. There was a virtual vigil for the entire time it was going on. Nowadays, you're better being at home with your laptop and Sky Sports News.

[greengnome]

http://www.hmfckickback.co.uk/index.php?/topic/129262-fans-should-be-outside-tynecastle/#entry3653324

Hahaha, should have done that about 8 years ago to be honest.

Spineless wimps.



beat me to it...... :agree:


We should be outside Tynecastle right now showing what this club means to the fans, players and showing potential buyers well stick by the team no matter what the situation

[Spike Mandela]

Has BAnderson had his 1-1 with the administrator yet?:cb

[hibs0666]

Ian Murray MP was on the last plane up from Heathrow last night. Bound to be him and the rest of FoH. Bet they announce ticket sales for Hibs game immediately to get cash through the door with a begging bowl to sell the stock in the shop. By the way anyone seen the container ship full of strips yet?

Haven't heard any interest in the club, but there's a couple of of Somali pirate crews going to put a bid in for the strips.

[patlowe]

It's not nice but Hearts fans themselves think its all worth it. I suppose that includes seemingly innocent members of their staff losing their jobs. This is part of what they have encouraged and enjoyed to win a couple of cups. Perhaps the sight of normal punters leaving their jobs later will change their worth it stance. Doubt it though.

Exactly - maybe the guys saying it was 'worth it' should nip along to Tynie today and use that rhetoric to reassure those losing their jobs.

[Northernhibee]

http://www.hmfckickback.co.uk/index.php?/topic/129262-fans-should-be-outside-tynecastle/#entry3653324

Hahaha, should have done that about 8 years ago to be honest.

Spineless wimps.

Look at the replies.

Unbelievable. It's almost as if they couldn't care less.

[MurrayfieldHibs]

Can't help feeling the yam's situation will have a short term negative impact on Hibs. So to do my bit I've just signed up a direct debit for the Hibs youth development fund: http://www.hibernianfc.co.uk/page/TheHiberniansMembers/0,,10290,00.html

Wall done EC.

We all need to encourage "lapsed" Hibees to come back/buy season tickets.:Awright!:

Playing good football and winning would help!:greengrin

[greengnome]

Look at the replies.

Unbelievable. It's almost as if they couldn't care less.


They want somebody else to do it for them... Most of them are glory hunters.. Wi' a big team mentality!!!! :devil:

[silverhibee]

STV news now.

[Caversham Green]

Look at the replies.

Unbelievable. It's almost as if they couldn't care less.

Just what I was about to say. Any other club - including Rangers - and there would be fans at the ground showing a bit of solidarity, even if it might not achieve much.

That bunch of smug flippant losers deserve everything that's coming.

[Northernhibee]

They want somebody else to do it for them... Most of them are glory hunters.. Wi' a big team mentality!!!! :devil:

They still back Vlad.

It's like spending a million quid on lottery tickets and getting all excited because you got three numbers on one of them.

Your two tainted cups and horsing from Spurs will never be worth it.

Roasters.

[Liberal Hibby]

BDO were only installed yesterday. Now less than 24 hours later they're saying it's the worst they've ever seen and making people redundant.

That's pretty fast going - bearing in mind the amount of paperwork they'd need to look at to get a semblance of what their true financial state is? But this seems to me like they've taken one look at the accounts and said the games a bogey.

Do any of our finance experts know what's typical?

[patlowe]

BDO were only installed yesterday. Now less than 24 hours later they're saying it's the worst they've ever seen and making people redundant.

That's pretty fast going - bearing in mind the amount of paperwork they'd need to look at to get a semblance of what their true financial state is? But this seems to me like they've taken one look at the accounts and said the games a bogey.

Do any of our finance experts know what's typical?

I've got no knowledge in this area but in past administration cases in football I've noticed that the administrators tend to speak as positively as possible at this stage. Very ominous for the yams.

[steviehibsleith]

STV news now.
At work whats on Stv news now ?
All bad news i hope :cb

[kdhibees1]

Superb! Like most on here though I feel for the innocent & probably low-paid staff losing their jobs. Most definitely the same feeling with this too. Never funny when it comes to decent peoples livelihoods.

[Green Reaper]

Exactly - maybe the guys saying it was 'worth it' should nip along to Tynie today and use that rhetoric to reassure those losing their jobs.
friend of mine works there, good guy and is in fact a super saintee so not there for emotional reasons, just a job, been their for a few years. Not heard from him over last few days but don't look good

[God Petrie]

Although Rangers fans were mocked for their behaviour at the time at least they showed a bit of solidarity and disgust at how their club had been run.

Hearts seem to accept it as though it's an occupational hazard of being a "big team". Sacrificing your club to beat Hibs for a few years isn't worthy of some sort of protest or show of defiance that they will get through their current problems? Truly a pathetic support who view themselves as above the passion and emotion which football is famed and admired for.

It's doesn't bode well for whatever happens to them. If they end up as a newco, it seems like they will be lucky to get the die-hards going along every week to watch them in division 3. Rangers are a huge club in comparison to Hearts and they wont have their resources to achieve back-to-back promotions like Sevco surely will.

[Craig_in_Prague]

I've got no knowledge in this area but in past administration cases in football I've noticed that the administrators tend to speak as positively as possible at this stage. Very ominous for the yams.

They have no cash; not on hand (in bank) or any income coming in.
The short-term is a huge issue for them, I also envisage liquidation probably one of the quickest we will ever see.
Though, this has been forecasted on here a long time ago (that once the games a bogey, liquidation will quickly follow admin).

If FOH and some pledges, is their only 'credible' potential buyer, I can see the lights being put out pretty soon.

We shall see, but it looks like game over to most of us ?

[Part/Time Supporter]

Suggestion is 10 non-playing staff have been made redundant. No players affected (yet).

I suspect this is because a) the players aren't due to be paid again until mid July and b) they will hope to sell some of them in the meantime. The other staff were due to be paid on Monday.

[Craig_in_Prague]

friend of mine works there, good guy and is in fact a super saintee so not there for emotional reasons, just a job, been their for a few years. Not heard from him over last few days but don't look good

Barry Anderson@BarryAnderson_8Around 10 staff made redundant at #Hearts. None are players, all behind the scenes. #HMFC

[silverhibee]

I think if you don't get paid for sumit like 3 consecutive months you automatically can leave for nothing, something like that anyway

Yeah think that is right, players have to go without wages for 3 consecutive months before they can leave the club, they can also take the case up with FIFA to try to recover there wages :greengrin and the contract that is due to them.

Kris Boyd done this when in Turkey.

http://www.dailyrecord.co.uk/sport/football/football-news/former-rangers-star-kris-boyd-1852475

[Phil D. Rolls]

See all these years we've been waiting for them to implode, did nobody realise that jobs would be lost. I think the crocodile tears for those heading to the buroo are a bridge too far.

Lets get back to enjoying the cartoon, and not be too worried about people having pianos dropping on them. If you really care about them heading out the door help them find a job. I'd be surprised if they didn't see this coming.

[kdhibees1]

All the bile they spout over on that Keekback it solely to hide their sheer seethe and misery. Deep down they are really hurting but are posting mince to try and hide the fact! Effing roasters!!!

[MurrayfieldHibs]

I've got no knowledge in this area but in past administration cases in football I've noticed that the administrators tend to speak as positively as possible at this stage. Very ominous for the yams.

and then they charge for their services:-

£3.3m for der huns
http://www.scotsman.com/sport/football/sfl-division-three/rangers-supporters-group-slams-duff-phelps-over-3-3m-fees-1-2492661

and £1.5m for Portsmouth
http://www.bbc.co.uk/sport/0/football/21471924

:na na:

[Lester B]

Just gone on Kickback for the first time during this debacle - I cannot believe the thread entitled 'All this worry. Worth it?'. The vast majority are actually suggesting that their current situation is 'worth it' for the 2 cups and the 2nd place finish. What, worth destroying people's livelihoods? Worth the very possible extinction of your club and its 139 year history? Worth losing your spiritual home?

I'm stunned.

Must confess I have done the same for the first time. It is unbelievable the amount of bravado, posturing, lack of basic intelligence and absolute garbage on there. Compared to here where there are clearly some seriously informed people as to what this actually means for them as well as less financially astute guys like me

The first step in recovering from being F****d is to admit you have a problem in the first place. I'm not seeing that amongst that lot at all. It's all 5-1, 1902 and I'd still rather be a Jambo.

People are now losing their jobs and these incredulous, arrogant oafs played their part in it by their lack of action and their fragile egos about their position in Scottish football.

I've taken some delight in their plight I admit but felt a little for them. After reading that stuff on KB? Let them rot.

[Andy74]

Suggestion is 10 non-playing staff have been made redundant. No players affected (yet).

I suspect this is because a) the players aren't due to be paid again until mid July and b) they will hope to sell some of them in the meantime. The other staff were due to be paid on Monday.

Not many for having over 100 staff.

[Northernhibee]

Barry Anderson@BarryAnderson_8Around 10 staff made redundant at #Hearts. None are players, all behind the scenes. #HMFC

I really hope the likes of Zaliukas have done the decent thing and written off any money owed to them.

Certain players who were only ever there for the money should look at the effect it's had and be ashamed of themselves.

[Peevemor]

Barry Anderson@BarryAnderson_8Around 10 staff made redundant at #Hearts. None are players, all behind the scenes. #HMFC

That must include Rima and Pyjama Man. I feel sorry for the other 8 though.

[Part/Time Supporter]

They have no cash; not on hand (in bank) or any income coming in.
The short-term is a huge issue for them, I also envisage liquidation probably one of the quickest we will ever see.
Though, this has been forecasted on here a long time ago (that once the games a bogey, liquidation will quickly follow admin).

If FOH and some pledges, is their only 'credible' potential buyer, I can see the lights being put out pretty soon.

We shall see, but it looks like game over to most of us ?

They won't liquidate it immediately because they won't have to pay any bills immediately, because any bills received before yesterday will fall into the black hole. They do have to generate some income to pay the bills that will come in from now and will become payable during July.

[YehButNoBut]

Barry Anderson@BarryAnderson_8Around 10 staff made redundant at #Hearts. None are players, all behind the scenes. #HMFC

What will they get as redundancy an IOU??

Sympathy for anyone being made redundant having been through it twice, it's not nice at all.

[McPhisto2]

Gary Locke to speak tomorrow....

About what!!????

[Peevemor]

Gary Locke to speak tomorrow....

About what!!????

A load o' pish? :dunno:

[Hibee87]

They won't liquidate it immediately because they won't have to pay any bills immediately, because any bills received before yesterday will fall into the black hole. They do have to generate some income to pay the bills that will come in from now and will become payable during July.

And I believe a 6 figure bill is due to land on them tomorrow - not sure if it PAYE, Tax or what but I read that a 6 figure sum to a bill is due to be paid tomorrow, I am assuming then that his bill will not fall into the 'black hole'

[Northernhibee]

Gary Locke to speak tomorrow....

About what!!????

Goodwillie and Boyd maybe?

[Teo10]

What will they get as redundancy an IOU??

Sympathy for anyone being made redundant having been through it twice, it's not nice at all.

I am going through it just now so have sympathy for the workers. Horrible times!

[jgl07]

If FOH pump the cash collected into a (futile) attempt to keep Hearts from liquidation this will surely impact on their ability to raise funds to launch the Newco. It will also reduce the time that they have to get a new club registered.

This could mean that any replacement club will miss out on the 2013-14 season completely. Division Three (or SPFL Two) will then be presumably be ruled out as the Lowland League will feed into the SPFL system. Thus any Hearts Newco would have to come into the Lowland League or even the East of Scotland League.

[Frazerbob]

Whilst I have sympathy for those "normal" staff who have lost their jobs ( I have been in their positions), you have to be honest and say that this has been on the cards for years. Anyone who chose to work for that joke of a club in the last few years only has themselves to blame. Similarly, those who have been there longer than the last 8 or 9 years have had plenty time to look elsewhere for alternative, more secure employment. We all slated the Tattooed Lady for going back to Hearts, are the non-playing staff exempt from the same criticism?

[bingo70]

And I believe a 6 figure bill is due to land on them tomorrow - not sure if it PAYE, Tax or what but I read that a 6 figure sum to a bill is due to be paid tomorrow, I am assuming then that his bill will not fall into the 'black hole'

It'll be for a period prior to administration starting so it will fall into the black hole......I think

[Diclonius]

Goodwillie and Boyd maybe?

Probably announce they've beaten us to the signing of whoever we've been linked with too. :agree:

[Craig_in_Prague]

Gary Locke to speak tomorrow....

About what!!????

a ken we're in a difficult position with the money problems n that, but I hink we can stay up, coz 15 points isnae really that much, I ken its mare than 10 and possibly less than 20, but we huv the best youngsters in the world and i fancy we kin finish 2nd and win the cup again. we are a big club, a massive club, and this is my dream job, we just huv tae focus on the fitbaw ken

something along those lines ?

[Part/Time Supporter]

It'll be for a period prior to administration starting so it will fall into the black hole......I think

Aye, their PAYE would have been due tomorrow. It relates to wages paid in the month to 5 June 2013. It will get added to the pile already due to HMRC (>£1M)

[Northernhibee]

Whilst I have sympathy for those "normal" staff who have lost their jobs ( I have been in their positions), you have to be honest and say that this has been on the cards for years. Anyone who chose to work for that joke of a club in the last few years only has themselves to blame. Similarly, those who have been there longer than the last 8 or 9 years have had plenty time to look elsewhere for alternative, more secure employment. We all slated the Tattooed Lady for going back to Hearts, are the non-playing staff exempt from the same criticism?

I worked for a well known company that is now in administration. I left due to stress caused by putting in 80 hour weeks keeping my ship afloat, and started to see it coming.

Others bought the message of 'our new investors have huge plans, all is Barry' and although in hindsight they regret it I can't blame them.

Sometimes it's tough to see the forest for the trees and I only have full sympathy for their staff

[McPhisto2]

a ken we're in a difficult position with the money problems n that, but I hink we can stay up, coz 15 points isnae really that much, I ken its mare than 10 and possibly less than 20, but we huv the best youngsters in the world and i fancy we kin finish 2nd and win the cup again. we are a big club, a massive club, and this is my dream job, we just huv tae focus on the fitbaw ken

something along those lines ?

:top marks:thumbsup:

[Hibee87]

http://a0.twimg.com/profile_images/1147533171/images_normal.jpg (https://twitter.com/mrewanmurray)Ewan Murray (https://twitter.com/mrewanmurray)@mrewanmurray (https://twitter.com/mrewanmurray)
http://www.hibs.net/templates/coveritlive/images/twitter_bird.pngOne serious party looking to buy Hearts will offer administrator money to run club/prevent mass player sackings. Only 24 signed for 2 teams.

[Northernhibee]

http://a0.twimg.com/profile_images/1147533171/images_normal.jpg (https://twitter.com/mrewanmurray)Ewan Murray (https://twitter.com/mrewanmurray)@mrewanmurray (https://twitter.com/mrewanmurray)
http://www.hibs.net/templates/coveritlive/images/twitter_bird.pngOne serious party looking to buy Hearts will offer administrator money to run club/prevent mass player sackings. Only 24 signed for 2 teams.

When Hearts go bust I'll be having a serious party

[McPhisto2]

http://a0.twimg.com/profile_images/1147533171/images_normal.jpg (https://twitter.com/mrewanmurray)Ewan Murray (https://twitter.com/mrewanmurray)@mrewanmurray (https://twitter.com/mrewanmurray)
http://www.hibs.net/templates/coveritlive/images/twitter_bird.pngOne serious party looking to buy Hearts will offer administrator money to run club/prevent mass player sackings. Only 24 signed for 2 teams.

Right I don't get it. How does bidding to keep the club running resolve any issues?

[Dalkeith]

http://a0.twimg.com/profile_images/1147533171/images_normal.jpg (https://twitter.com/mrewanmurray)Ewan Murray (https://twitter.com/mrewanmurray)@mrewanmurray (https://twitter.com/mrewanmurray)
http://www.hibs.net/templates/coveritlive/images/twitter_bird.pngOne serious party looking to buy Hearts will offer administrator money to run club/prevent mass player sackings. Only 24 signed for 2 teams.

would accepting money to run club not been seen as a bribe to get first dibs on club?

[silverhibee]

Just what I was about to say. Any other club - including Rangers - and there would be fans at the ground showing a bit of solidarity, even if it might not achieve much.

That bunch of smug flippant losers deserve everything that's coming.


100%

"too busy working" "the big hoose must stay open"

Folk are getting paid of at there club its all going pear shaped and that's the crap they come away with, they just don't care do they. Losers.

When do i send the wreath. **** them.

[Deansy]

The thing is, no-one under the age of about 30 will have any concept of what Hearts look like when living within their means.

Mercer starting the overspending in the 80's, Robinson cranked it up and Romanov, using everyone's money except his own, took it to the obscene level which may well see their club die.

They've been like an addict needing a bigger and bigger fix until eventually, the same thing which gives them such illicit pleasure, kills them.

Hearts must have spent circa £140m since Romanov came to town when their real turnover would have provided less than half of that. Not a single penny of that was spent securing Hearts future.

Just as an addict finds sobriety very difficult to handle, Hearts fans will be in cold turkey for years watching a team they can actually afford.

If you think Petrie gets a hard time for his prudence, wait till you see how Hearts' new owner is treated.

Third force no more.

Been trying to put into words exactly as you've said but you've saved me from it (Thanks !!) - a 'Tsunami of Reality' is heading straight for that age-group and it'll be very interesting to see how many survive !!

NOT a 'Big Team', nothing special, just another Scottish Football Club (MAYBE ??) - they don't, and never did, 'own us', and we were NEVER, EVER in 'their Shadow' - we've just been patiently waiting for them to come back from their 30+ years 'Walkabout' ............. and it's gonna be oh-so-sweet !!!!

[silverhibee]

At work whats on Stv news now ?
All bad news i hope :cb

More press than yams at the savilledome says it all, press conference at 5 o'clock, staff to be paid off.


The deluded ones don't give a **** about there club.


RIP h*****

[YehButNoBut]

BDO bill for 11 months at Portsmouth £2.2m, £200k / month average.

The above were the rough costs for the Pompey admin, where are they going to find this amount from Hearts??

[Scott Allan Key]

It's not nice but Hearts fans themselves think its all worth it. I suppose that includes seemingly innocent members of their staff losing their jobs. This is part of what they have encouraged and enjoyed to win a couple of cups. Perhaps the sight of normal punters leaving their jobs later will change their worth it stance. Doubt it though.

:agree: And add in the money lost to ordinary Lithuanians. Heartless of Midlothian.

[jacomo]

To be fair, in 1990 when the news broke about Mercer's take over, I and many others headed straight for the stadium as we wanted to hear what was going on. There was a virtual vigil for the entire time it was going on. Nowadays, you're better being at home with your laptop and Sky Sports News.

If you want to be a passive consumer of news, yes.

If you want to make the news, you need to *do* something. I would imagine a visible sign of support / defiance would raise morale and add momentum to the FoH campaign. Make a really big noise and the UK-wide media - who have mostly ignored this story - might take a greater interest, perhaps flushing out support from fans who live outside Scotland.

Today and tomorrow are absolutely critical in determining Hearts' future.

They can do what they want, however.

[JeMeSouviens]

BDO bill for 11 months at Portsmouth £2.2m, £200k / month average.

The above were the rough costs for the Pompey admin, where are they going to find this amount from Hearts??

It will be taken out of the proceeds if they are eventually sold.

[green glory]

From Jim Spence' twitter. Gary Locke pacing about awaiting news if any player cuts.

10367

[Kato]

a ken we're in a difficult position with the money problems n that, but I hink we can stay up, coz 15 points isnae really that much, I ken its mare than 10 and possibly less than 20, but we huv the best youngsters in the world and i fancy we kin finish 2nd and win the cup again. we are a big club, a massive club, and this is my dream job, we just huv tae focus on the fitbaw ken

something along those lines ?

"massive club" is a cert to get a mention.

[BarneyK]

It will be taken out of the proceeds if they are eventually sold.

So any bid will have to cover this cost as well as include an attractive CVA proposal and offer immediate solution to running costs. How much do we reckon this could come to?

[Pretty Boy]

Pretty brutal when you see ordinary workers getting sacked.

Might encourage some of the roasters on kickback to start showing a bit backbone and humility as opposed to the shocking attitude most have shown so far.

[Part/Time Supporter]

Right I don't get it. How does bidding to keep the club running resolve any issues?

It may be cheaper for a buyer to pay the wages for a month or two for some of the players than to recruit the same number of players later (agent fees, signing on fees, if not transfer fees). Also if they let some of the senior players go and are still under an embargo for most (if not all) of this season then they will have little chance of staying up. All of these factors would affect a buyer's decision as to how much to offer (if anything).

[Gus Fring]

There's a big misconception (mainly amongst Hearts fans) that an Administrator must accept the best bid for the club. That isn't true. You only have to look at Dunfermline who had 2 bids turned down because they weren't suitable.

It's unlikely anyone who gives the administrator money is going to do so without any caveats attached and if BDO aren't agreeable (preferred bidder etc) then they'll be told to shove their money.

The Yam press (Ewan Murray, Brian Mclaughlin, Barry Anderson et al) are doing their usual, hearing a snippet of info and then blowing it up and portraying it as a sticking plaster over Hearts problems. They have learned nothing from doing this previously.

Hearts currently have no income, that problem needs to be solved somehow, BDO also need to make sense of the financials at the club so that any bids can be handled correctly. Then they need to begin the difficult process of somehow getting UBIG's shares in Hearts unfrozen. Then they need to get whoever is in charge at UBIG to accept the transfer of said assets. Next up is convincing the UKIO administrator to sell their 29.9% shareholding to the bidder and not sell the stadium so the offer needs to be worth enough to make a convincing case there.

Anyone got anything to add?

[wazoo1875]

See all these years we've been waiting for them to implode, did nobody realise that jobs would be lost. I think the crocodile tears for those heading to the buroo are a bridge too far.

Lets get back to enjoying the cartoon, and not be too worried about people having pianos dropping on them. If you really care about them heading out the door help them find a job. I'd be surprised if they didn't see this coming.

This for me. Whilst it's not nice that folks are getting emptied from their jobs. It was always going to be this way. We've pretty much all been wanting them deid. So I say bin the lot of them. It's not changed anything for me.
I do however hope those unfortunates find alternative employment.
GGTTH

[green glory]

There's a big misconception (mainly amongst Hearts fans) that an Administrator must accept the best bid for the club. That isn't true. You only have to look at Dunfermline who had 2 bids turned down because they weren't suitable.

It's unlikely anyone who gives the administrator money is going to do so without any caveats attached and if BDO aren't agreeable (preferred bidder etc) then they'll be told to shove their money.

The Yam press (Ewan Murray, Brian Mclaughlin, Barry Anderson et al) are doing their usual, hearing a snippet of info and then blowing it up and portraying it as a sticking plaster over Hearts problems. They have learned nothing from doing this previously.

Hearts currently have no income, that problem needs to be solved somehow, BDO also need to make sense of the financials at the club so that any bids can be handled correctly. Then they need to begin the difficult process of somehow getting UBIG's shares in Hearts unfrozen. Then they need to get whoever is in charge at UBIG to accept the transfer of said assets. Next up is convincing the UKIO administrator to sell their 29.9% shareholding to the bidder and not sell the stadium so the offer needs to be worth enough to make a convincing case there.

Anyone got anything to add?

Karma's a bitch. Jambogeddon.

[Sergey]

There's a big misconception (mainly amongst Hearts fans) that an Administrator must accept the best bid for the club. That isn't true. You only have to look at Dunfermline who had 2 bids turned down because they weren't suitable.

It's unlikely anyone who gives the administrator money is going to do so without any caveats attached and if BDO aren't agreeable (preferred bidder etc) then they'll be told to shove their money.

The Yam press (Ewan Murray, Brian Mclaughlin, Barry Anderson et al) are doing their usual, hearing a snippet of info and then blowing it up and portraying it as a sticking plaster over Hearts problems. They have learned nothing from doing this previously.

Hearts currently have no income, that problem needs to be solved somehow, BDO also need to make sense of the financials at the club so that any bids can be handled correctly. Then they need to begin the difficult process of somehow getting UBIG's shares in Hearts unfrozen. Then they need to get whoever is in charge at UBIG to accept the transfer of said assets. Next up is convincing the UKIO administrator to sell their 29.9% shareholding to the bidder and not sell the stadium so the offer needs to be worth enough to make a convincing case there.

Anyone got anything to add?

UK & LT laws are different and this isn't simply a case of transferring inter-company debts/shares, given even more problems in the fact that one is filing for insolvency and the other is currently in administration. Also, bear in mind that UBIG are under criminal investigation. Things are far murkier than the Yam press would have you believe and this could drag on for a considerable time.

[JeMeSouviens]

There's a big misconception (mainly amongst Hearts fans) that an Administrator must accept the best bid for the club. That isn't true. You only have to look at Dunfermline who had 2 bids turned down because they weren't suitable.

It's unlikely anyone who gives the administrator money is going to do so without any caveats attached and if BDO aren't agreeable (preferred bidder etc) then they'll be told to shove their money.

The Yam press (Ewan Murray, Brian Mclaughlin, Barry Anderson et al) are doing their usual, hearing a snippet of info and then blowing it up and portraying it as a sticking plaster over Hearts problems. They have learned nothing from doing this previously.

Hearts currently have no income, that problem needs to be solved somehow, BDO also need to make sense of the financials at the club so that any bids can be handled correctly. Then they need to begin the difficult process of somehow getting UBIG's shares in Hearts unfrozen. Then they need to get whoever is in charge at UBIG to accept the transfer of said assets. Next up is convincing the UKIO administrator to sell their 29.9% shareholding to the bidder and not sell the stadium so the offer needs to be worth enough to make a convincing case there.

Anyone got anything to add?

I would've thought that with the possible exception of the Foundation of Muppetry, anybody willing to meet a funding gap would be looking for a period of exclusivity? Can't see Ukio's liquidator agreeing to that unless they have a clear indication of the likely quanta* of all possible bidders? And surely at least some sort of cursory glance at the books might be in order before that? In the equivalent early days of the Hun saga, the Hun journos (Traynor, Chick Young etc) all expected the Huns to be out of admin in time to qualify for next season's European competition. I think the deadline for that was the end of March. How did that one go? :greengrin


* quanta are back, happy days! :wink:

[green glory]

@jamiekborthwick: Lord Foulkes tells STV he met with Lithuanian ambassador in London today to discuss Hearts http://t.co/KjqUCMGVBv

[Billy Whizz]

@jamiekborthwick: Lord Foulkes tells STV he met with Lithuanian ambassador in London today to discuss Hearts http://t.co/KjqUCMGVBv

Maybe he should have done that 1st time round, before he endorsed 'r Romanov

[NRW_Hibbie]

From Jim Spence' twitter. Gary Locke pacing about awaiting news if any player cuts.

10367

Pictured alongside a Saab. How apt.

[green glory]

Maybe he should have done that 1st time round, before he endorsed 'r Romanov



10368

Never!

[McPhisto2]

@jamiekborthwick: Lord Foulkes tells STV he met with Lithuanian ambassador in London today to discuss Hearts http://t.co/KjqUCMGVBv

Did he change his troosers before he met him? Bet that was an in-depth conversation that had the Lith ambassador on the edge of his seat......or not if pishy breeks hadn't changed his troosers lol.

On a serious note, didn't someone say ages ago on here that Lithuania are trying to get membership of the EU or something similar this year and that
they're trying to suppress any negativity around them. If so, there could be moves afoot to quash all this nonsense over some two bit scottish football club pretty sharpish?

[kdhibees1]

10368

Never! Fatty Foulkes and his face that looks like a well skelped erse!!

[Mr White]

The pink hoose must stay open.

[silverhibee]

Pretty brutal when you see ordinary workers getting sacked.

Might encourage some of the roasters on kickback to start showing a bit backbone and humility as opposed to the shocking attitude most have shown so far.

Nah, they are sorted and too busy at work to give a toss about anyone at there club losing jobs, **** them, the ordinary workers are now finding out what a bunch of ******* losers the fans of the club they worked for.

[Golden Bear]

@jamiekborthwick: Lord Foulkes tells STV he met with Lithuanian ambassador in London today to discuss Hearts http://t.co/KjqUCMGVBv

As soon as that guy's name is mentioned my immediate thoughts turn to impending malpractice and skullduggery.

[Spike Mandela]

@jamiekborthwick: Lord Foulkes tells STV he met with Lithuanian ambassador in London today to discuss Hearts http://t.co/KjqUCMGVBv

Hearts are lucky they have a man of such power and influence:rolleyes:

Hopefully the Lithuanian ambassador reminds him Romanov and Ubig's dealings are under criminal investigation and the Lithuanian state will be looking after their own interests first..

[HUTCHYHIBBY]

Certain players who were only ever there for the money should look at the effect it's had and be ashamed of themselves.

What for? Vlads to blame for paying the silly money.

[jgl07]

On a serious note, didn't someone say ages ago on here that Lithuania are trying to get membership of the EU or something similar this year and that they're trying to suppress any negativity around them. If so, there could be moves afoot to quash all this nonsense over some two bit scottish football club pretty sharpish?

Lithuania have been in the EU since 2004.

They are supposed to join the Euro on January 1 2015.

[poolman]

There's a big misconception (mainly amongst Hearts fans) that an Administrator must accept the best bid for the club. That isn't true. You only have to look at Dunfermline who had 2 bids turned down because they weren't suitable.

It's unlikely anyone who gives the administrator money is going to do so without any caveats attached and if BDO aren't agreeable (preferred bidder etc) then they'll be told to shove their money.

The Yam press (Ewan Murray, Brian Mclaughlin, Barry Anderson et al) are doing their usual, hearing a snippet of info and then blowing it up and portraying it as a sticking plaster over Hearts problems. They have learned nothing from doing this previously.

Hearts currently have no income, that problem needs to be solved somehow, BDO also need to make sense of the financials at the club so that any bids can be handled correctly. Then they need to begin the difficult process of somehow getting UBIG's shares in Hearts unfrozen. Then they need to get whoever is in charge at UBIG to accept the transfer of said assets. Next up is convincing the UKIO administrator to sell their 29.9% shareholding to the bidder and not sell the stadium so the offer needs to be worth enough to make a convincing case there.

Anyone got anything to add?


Aye,they're ****** :-)

[Northernhibee]

What for? Vlads to blame for paying the silly money.

I mind over at Oldco one player (cannae mind who) left of his own accord as his large wage could have been used for some of the backroom staff and keep them in paid employment. A very noble sentiment.

Not heard any of that from Gorgie.

[Lucius Apuleius]

Just a thought. Anybody reckon AllisBarry is manouvering for a PR guy's with HertzNewco a la Traynor :greengrin

Surely he is not that stupid that he doesn't realise the baws burst?

[Gus Fring]

I mind over at Oldco one player (cannae mind who) left of his own accord as his large wage could have been used for some of the backroom staff and keep them in paid employment. A very noble sentiment.

Not heard any of that from Gorgie.

:agree: Gregg Wylde

[green glory]

@bbcjimspence: Hearts media conference due at 5 pm. Administrator now saying it'll be tomorrow before announcing which players are being made redundant.

[Bishop Hibee]

@bbcjimspence: Hearts media conference due at 5 pm. Administrator now saying it'll be tomorrow before announcing which players are being made redundant.

The pain being dragged out. Shame for the admin staff. There can't be much wriggle room regarding how many of the playing squad can be released while remaining a viable proposition for anyone daft enough to buy them out.

[Gus Fring]

Am I correct in saying they can only sack a maximum of 8 players as they need at least 18 declared for a League match and that 3 of them must be under 21?

[Hibee87]

Am I correct in saying they can only sack a maximum of 8 players as they need at least 18 declared for a League match and that 3 of them must be under 21?

No problem their then as they are all under 21 are the #bestyoungsterstheworldhaseverseen

[Dashing Bob S]

"Our phone lines are absolutely yammed." -The Samaritans.

[Billy Whizz]

Am I correct in saying they can only sack a maximum of 8 players as they need at least 18 declared for a League match and that 3 of them must be under 21?

Do they not have apprentices aged 16 or so, who could go on the bench?

[Sergio sledge]

The pain being dragged out. Shame for the admin staff. There can't be much wriggle room regarding how many of the playing squad can be released while remaining a viable proposition for anyone daft enough to buy them out.

They have something like 24 or 26 players across the first team and U-20's squad and can't sign anyone else until they are out of administration*. There's no wiggle room at all. If they are still in administration at the start of the season then they will be in big trouble.

*they still have to face a hearing on their non-payment of wages from last week, so they are likely to face a further registration embargo on their exit from administration.

[Matty_Jack04]

10369 No more evidence required....there deed

[JimBHibees]

"Our phone lines are absolutely yammed." -The Samaritans.

Brilliant. :faf::faf:

[kdhibees1]

10369 No more evidence required....there deed :not worth To the hibee who drove that there!!!!

[Sanger]

"Our phone lines are absolutely yammed." -The Samaritans.


Thei posters are in Hibs grren as well!

[kdhibees1]

Thei posters are in Hibs grren as well!

http://www.birminghamsamaritans.org.uk/images/rock-close-up.gif
Some Samaritans Rock will see them through!

[Treadstone]

Hullo there Sandy K

I was looking for someone else yesterday and happened to come across your profile page (http://www.hibs.net/member.php?2275-SandyK). Quite a handy wee page of information (a wee bit like hibs.net) informed me that even though you had your tantrum (post #17691) (http://www.hibs.net/showthread.php?247788-Financial-meltdown-(BDO-appointed-as-HMFC-administrators)&p=3639732&highlight=#post3639732) last week you popped in yesterday about this time (4:15). Hope you are enjoying the show and availing yourself of the info at hand.

ps the correct spelling is beezer:brokenyam:

[Diclonius]

http://www.bbc.co.uk/sport/0/football/22990798

Kevin Kyle calls Romanov's tenure a "shambles." That'll be why he turned down Hibs to sign for them when he was fully aware of the ongoing "shambles."

[HibeeN]

Am I correct in saying they can only sack a maximum of 8 players as they need at least 18 declared for a League match and that 3 of them must be under 21?

I'm sure I remember reading somewhere that the under 21 rule was being scrapped with the league reconstruction plans going ahead. Or at least, getting rid of it was one of the proposals tied up in reconstruction - whether it got through or not I'm not sure.

[JeMeSouviens]

What's the story with U-20 teams? Do they have to fulfill those fixtures as well or is having an U-20 team optional?

[Dashing Bob S]

It looks like Brian Jackson is only doing what Hearts had to do months ago to survive, cutting everything back to the barest essentials you need to run a football club, and hoping to get some leeway in keeping the club going in the process.

I reckon it's just buying some time to see what the extent of the mess is, and that a CVA won't be viable, and the club will be liquidated before the start of the season.

Just a guess on my part.

[greengnome]

http://www.bbc.co.uk/sport/0/football/22990798

Kevin Kyle calls Romanov's tenure a "shambles." That'll be why he turned down Hibs to sign for them when he was fully aware of the ongoing "shambles."



Trying to keep his neb in the papers, needs tae find somebody to play for is my guess...? :na na:

[dangermouse]

http://www.bbc.co.uk/sport/0/football/22990798

Kevin Kyle calls Romanov's tenure a "shambles." That'll be why he turned down Hibs to sign for them when he was fully aware of the ongoing "shambles."

They are all coming out of the woodwork now to bad mouth "Mr Romanov". If they had all done so much earlier then maybe no one would have been made redundant today.

Keep chasing the money guys you may get a cameo spot in a L'Oréal advert.

[Sergio sledge]

From Hearts website, their first team squad for next season has 20 players -

Jamie MacDonald (GK)
Mark Ridgers (GK)
Jack Hamilton (GK)

Dylan McGowan (D)
Callum Tapping (D)
Brad McKay (D)
Kevin McHattie (D)
Jordan McGhee (D)

Jamie Hamill (M)
Ryan Stevenson (M)
Jason Holt (M)
David Smith (M)
Dale Carrick (M)
Adam King (M)
Sam Nicholson (M)

Scott Robinson (F)
John Sutton (F)
Jamie Walker (F)
Billy King (F)
Callum Paterson (F)

There are 5 others in the U-20's page not listed here so I'm not sure whether they are contracted or not.

Mark Keegan (D)
Marcus McMillan (M)
Liam Gordon M)
George Scott (M)
Gary Oliver (F)

After that they are into their U-17s team.

[JimBHibees]

From Hearts website, their first team squad for next season has 20 players -

Jamie MacDonald (GK)
Mark Ridgers (GK)
Jack Hamilton (GK)

Dylan McGowan (D)
Callum Tapping (D)
Brad McKay (D)
Kevin McHattie (D)
Jordan McGhee (D)

Jamie Hamill (M)
Ryan Stevenson (M)
Jason Holt (M)
David Smith (M)
Dale Carrick (M)
Adam King (M)
Sam Nicholson (M)

Scott Robinson (F)
John Sutton (F)
Jamie Walker (F)
Billy King (F)
Callum Paterson (F)

There are 5 others in the U-20's page not listed here so I'm not sure whether they are contracted or not.

Mark Keegan (D)
Marcus McMillan (M)
Liam Gordon M)
George Scott (M)
Gary Oliver (F)

After that they are into their U-17s team.

If they are releasing players tomorrow. You must assume MacDonald, Stevenson, Hamill and Sutton would be at the head of the queue.

[Hibee87]

If they are releasing players tomorrow. You must assume MacDonald, Stevenson, Hamill and Sutton would be at the head of the queue.

If the above leave and they sell one or 2 of the better youths (walker, patterson) I hope they DO stay up.........would be double figues against them every week :na na:

[Gus Fring]

If they are releasing players tomorrow. You must assume MacDonald, Stevenson, Hamill and Sutton would be at the head of the queue.

I suppose that depends on if BDO think they can get cash for them. I'd assume not

[Billy Whizz]

I suppose that depends on if BDO think they can get cash for them. I'd assume not

I agree, they might release one or two of the above to ease cash, but will be trying to get something for the others

[JimBHibees]

I suppose that depends on if BDO think they can get cash for them. I'd assume not

Higher earners I would have thought. No-one will be bidding for them at this time that is for sure.

[YehButNoBut]

Anyone know if the BDO media conference at 5pm can be listened to on tinternet??

Is it on Radio Scotland?

[Treadstone]

Anyone know if the BDO media conference at 5pm can be listened to on tinternet??

Is it on Radio Scotland?

Jamie Borthwick has said he will be live tweeting it.

https://twitter.com/jamiekborthwick

[JimBHibees]

Anyone know if the BDO media conference at 5pm can be listened to on tinternet??

Is it on Radio Scotland?

http://sport.stv.tv/football/clubs/hearts/230096-live-updates-as-administrators-meet-staff-at-heart-of-midlothian/

Live blog from a guy at meeting.

[stokesmessiah]

This is the best Summer ever...FACT !

It was so fun last year watching Sevco but this just takes the biscuit.

[Andy74]

It looks like Brian Jackson is only doing what Hearts had to do months ago to survive, cutting everything back to the barest essentials you need to run a football club, and hoping to get some leeway in keeping the club going in the process.

I reckon it's just buying some time to see what the extent of the mess is, and that a CVA won't be viable, and the club will be liquidated before the start of the season.

Just a guess on my part.

Still having 90 non playing staff is on the excessive side though isn't it?

[Liberal Hibby]

From Hearts website, their first team squad for next season has 20 players -

Billy King (F)


Won't he be off to Ibrox as soon as their embargo is lifted?:wink:

[Gus Fring]

Still having 90 non playing staff is on the excessive side though isn't it?

A few have chosen to work for free I'm told, the reasoning being if the club survives they'll get their old job back. If it doesn't, they're jobless anyway.

[Gus Fring]

Live video from the press conference

http://www.bbc.co.uk/sport/0/scotland/17326337

[Thecat23]

A few have chosen to work for free I'm told, the reasoning being if the club survives they'll get their old job back. If it doesn't, they're jobless anyway.

Fair play, these folk who lose their jobs over that clown who was in charge is a shame. I know a girl who works in the ticket office. Hope she gets something soon or back with them if they do get new buyers. It's all banter but I don't really find anything funny about folk losing jobs. Seen the stress it causes and it's hard.

[YehButNoBut]

Jamie Borthwick (https://twitter.com/jamiekborthwick)@jamiekborthwick (https://twitter.com/jamiekborthwick)
http://www.coveritlive.com/templates/coveritlive/images/twitter_bird.pngBDO calls on fans to buy 3000 season tickets in next two weeks to pay wages and attract buyers.


Jamie Borthwick (https://twitter.com/jamiekborthwick)@jamiekborthwick (https://twitter.com/jamiekborthwick)
http://www.coveritlive.com/templates/coveritlive/images/twitter_bird.pngBJ: have inherited a bleak situation in there is no cash and no income.

[Sergio sledge]

2 youth and 2 senior players to be made redundant.

[Gus Fring]

9 Full Time and 4 Part Time staff let go

2 Senior and 2 Youth players also likely to go

3000 season ticket sales needed

[Kato]

Sitting on the 22 bus now and there's a (badly dressed(poor shades)) geezer discussing the lack of FOH's ability to collect pledges from overseas. He sounds very officious and looks like he's written a decent agenda or two in his time. Sounds like they want to start bringing in money now. If this is the calibre of FOH, they're f'd.

[Andy74]

2 senior and 2 youth to go.

[Andy74]

3000 seasons would keep doors open for 3 months.

[YehButNoBut]

Jamie Borthwick (https://twitter.com/jamiekborthwick)@jamiekborthwick (https://twitter.com/jamiekborthwick)
http://www.coveritlive.com/templates/coveritlive/images/twitter_bird.pngNine full team staff, five part time made redundant. Two first team players and two youths redundant.


Jamie Borthwick (https://twitter.com/jamiekborthwick)@jamiekborthwick (https://twitter.com/jamiekborthwick)
http://www.coveritlive.com/templates/coveritlive/images/twitter_bird.pngPlayers who have left not named yet.


Jamie Borthwick (https://twitter.com/jamiekborthwick)@jamiekborthwick (https://twitter.com/jamiekborthwick)
http://www.coveritlive.com/templates/coveritlive/images/twitter_bird.pngBJ: If we hit that 3000 marker then we can keep the rest of the squad intact and no fire sale of players.

[Andy74]

Alternative is sell as many players as they can.

[YehButNoBut]

Jamie Borthwick (https://twitter.com/jamiekborthwick)@jamiekborthwick (https://twitter.com/jamiekborthwick)
http://www.coveritlive.com/templates/coveritlive/images/twitter_bird.pngBJ: We make the plea to the fans even though they have already given and given. We do not do it lightly.

Jamie Borthwick (https://twitter.com/jamiekborthwick)@jamiekborthwick (https://twitter.com/jamiekborthwick)
http://www.coveritlive.com/templates/coveritlive/images/twitter_bird.pngBJ: if somebody came along with a high price we'll sell, but we don't want to have to accept derisory offers.

Jamie Borthwick (https://twitter.com/jamiekborthwick)@jamiekborthwick (https://twitter.com/jamiekborthwick)
http://www.coveritlive.com/templates/coveritlive/images/twitter_bird.pngBJ: This is as desperate as I've ever seen. It doesn't get much worse. But there's a huge fanbase to tap into.

[Andy74]

Gave impression the sale of tickets would only allow tickets to honoured for that 3 month period. Didn't say they would be honoured for whole season.

[Spike Mandela]

Cannae be that bleak. Hardly swingeing cuts. Most lubs will release that amount of players or more on a yearly basis.

[Baw187]

Alternative is sell as many players as they can.

Blackmailed again. Cue the valiant run to the ticket office.

[Andy74]

No offers on table to buy club.

[Gus Fring]

BDO Clarify again there are no bids on the table

[Andy74]

Clear this is just to get money to last 3 months. Reliant then on getting buyer.

[Conrad Gray]

"A desperate situation"

"No cash in the bank"

"The fans have already been milked"

[YehButNoBut]

Jamie Borthwick (https://twitter.com/jamiekborthwick)@jamiekborthwick (https://twitter.com/jamiekborthwick)
http://www.coveritlive.com/templates/coveritlive/images/twitter_bird.pngBJ: to carry on for next three months need between £500k and £750k. 3000 STs would raise £800k.

Jamie Borthwick (https://twitter.com/jamiekborthwick)@jamiekborthwick (https://twitter.com/jamiekborthwick)
http://www.coveritlive.com/templates/coveritlive/images/twitter_bird.pngTB: This isn't as complex as Portsmouth but at least there was money in the bank.

Jamie Borthwick (https://twitter.com/jamiekborthwick)@jamiekborthwick (https://twitter.com/jamiekborthwick)
http://www.coveritlive.com/templates/coveritlive/images/twitter_bird.pngBJ: We can't promise when anyone will be paid. Hopefully they will keep supporting us while we get money in.

Jamie Borthwick (https://twitter.com/jamiekborthwick)@jamiekborthwick (https://twitter.com/jamiekborthwick)
http://www.coveritlive.com/templates/coveritlive/images/twitter_bird.pngBJ: We are trying to remain competitive. Our aim is slightly above just surviving.

[Sergio sledge]

"literally no cash in the bank"

"between £500,000 and £750,000 needed to go to the start of the season"

[Kato]

BDO Clarify again there are no bids on the table

#allisbarry

[Andy74]

Staff not being paid and won't be paid in foreseeable future.

[adhibs]

Glad im no a jambo, sounds grim haha

[Andy74]

Going with 22 players total.

[Spike Mandela]

Actually sounds like the same old bull**** as the Liths to be honest.:confused: