Share Transfers Agreed/Cooling off period

[Glesgahibby]

It's a shame they never got there vlad statue.
we could have purchased it in the closing down sale.
:na na:

[21.05.2016]

He's just been appointed their new club captain :faf: :faf: :faf:

Wow, must have fought a lot of tough competition to be award that like :rolleyes:

[greengnome]

No we don't but since they have gone to all the bother of typing an article up about the Hearts one some publicity for the Hibs one wouldn't do much harm.


I believe Hellhammer has sorted this on the EEN post re the kids:

"The unique move has been made possible by the most desperate of circumstances."

No, not a unique move. Hibs have been running their Kicks for Kids scheme for years now.


Well done that person!!!!! :aok:

[Spike Mandela]

In simplistic terms, the ground and shares are akin to our 'Proceeds of Crime Act' and won't be dissolved until charges are brought and the case is resolved against Vlad and his merry bunch of cohorts. Given that Vlad is holed-up in Chechnya with an international arrest warrant in place, I don't see this sorting itself out in the foreseeable.

Years and not months by my reckoning.

If this is the case why are BDO inviting bids for Hearts by 12th July?

[CB_NO3]

If this is the case why are BDO inviting bids for Hearts by 12th July?
They are maybe hoping someone is going to pay 8 million for the club. That would probably be enough to buy Tynecastle and the old Ukios shares IMO. Can you see someone paying that? Nope, same here and even if they did there is still the 50% of shares with UBIG to be delt with and this is were Sergey could be right because the Lithuanians wont make them insolvent (even though they have applied) until they have delt with Vlad. I believe they want at least 7 years shoved up him.

[SHODAN]

Wow, must have fought a lot of tough competition to be award that like :rolleyes:

I would have thought they'd give it to Hamill or Stevenson. Both been there a lot longer, older and first team regulars.

Maybe the captaincy is a bit of a sweetener so he doesn't start forcing a move elsewhere? :rolleyes:

[hibees 7062]

Wow, must have fought a lot of tough competition to be award that like :rolleyes:

Short straw :greengrin

[YehButNoBut]

:agree:
No quotes or information from Lithuania :confused:
No questions regarding share/new shares to fans (fraud):confused:
No questions on the real sum of debt:confused:
No sympathy for tax/council tax payers,student budgets,Lithuanian savers and normal run spl clubs:confused:
No remorse for not reporting this was going to happen:confused:
but plenty of yam mouth piecing and alsbarry delusion:confused:
However all of the above will not save them:wink:

Hearts fans don't seem to care, they all just seem so happy that they have got Danny Wilson, Billy Brown & the players have been partly paid.

Next for them is being debt free, escaping relegation by finishing above us.

Oh and us going bust as well.

I don't think any of them live in the real world.

[Glesgahibby]

If this is the case why are BDO inviting bids for Hearts by 12th July?
I would guess the bids would be for shares not owned by ubig?
There is also no mention by BDO of the bid including the ground?

[21.05.2016]

You'd have thought they had just signed Messi the way the jambos are going on about this haha :faf:


Not a terrible player but certainly not the superstar the yams are making him out to be haha!

[YehButNoBut]

I would have thought they'd give it to Hamill or Stevenson. Both been there a lot longer, older and first team regulars.

Maybe the captaincy is a bit of a sweetener so he doesn't start forcing a move elsewhere? :rolleyes:

Read this on EEN, don't know if true or not but maybe he was made captain to make up for accepting even less money than he thought.

--------------------------------------------------------------------------------------------------------------------------------------------------------

Apparently he refused to be interviewed yesterday as part of the press conference announcing his signing and captaincy.

He is not happy that his 'agreed wage cut' is even less than he thought it would be.

[SHODAN]

Sadly this leaves Hearts with a semi decent back five of MacDonald, Hamill, Wilson, McGowan and McHattie.

I say SEMI decent but it's still irritating how that particular area is - as usual - the only one that isn't completely decimated, unlike their midfield (Ryan Stevenson and some "wonderkids") and their attack (David Smith, Dale Carrick and Billy King - 0 goals between them). I can see them trying their best to shut us out next derby. :rolleyes:

[Dashing Bob S]

Sadly this leaves Hearts with a semi decent back five of MacDonald, Hamill, Wilson, McGowan and McHattie.

I say SEMI decent but it's still irritating how that particular area is - as usual - the only one that isn't completely decimated, unlike their midfield (Ryan Stevenson and some "wonderkids") and their attack (David Smith, Dale Carrick and Billy King - 0 goals between them). I can see them trying their best to shut us out next derby. :rolleyes:

Yes, the Yam survival strategy will be to shut up shop in all games and hope to scab a goal from a set piece, or hope a decent striker emerges from the ranks. But this assumes they'll make August. I doubt it.

[CropleyWasGod]

If this is the case why are BDO inviting bids for Hearts by 12th July?

They have already acknowledged that share ownership is complicated, but they have to go through the process. At the end of it, if there are acceptable bids, but nothing to sell, the sale doesn't happen.

[CropleyWasGod]

I would guess the bids would be for shares not owned by ubig?
There is also no mention by BDO of the bid including the ground?

No. The bids are for (probably all of ) the shares of the company; the ground is part of that.

[Ozyhibby]

If this is the case why are BDO inviting bids for Hearts by 12th July?

This is where I'm struggling. BDO must know about the frozen assets and yet appear to be carrying on as if it's not a problem? Are they going to proceed all the way to the end of the process and then turn round to the prospective seller and say 'woops, we actually can't sell, sorry about that'.
It doesn't make sense that they have not acknowledged that there is a potential problem?

[CB_NO3]

Just out of interest does anyone have a list of secured and non secured creditors that Hearts are due cash too? Am guessing the only secured creditor is Ukio (which is obviously the Lith authorities now). Are UBIG a secured creditor? Just asking regarding a CVA thats all.

[CropleyWasGod]

This is where I'm struggling. BDO must know about the frozen assets and yet appear to be carrying on as if it's not a problem? Are they going to proceed all the way to the end of the process and then turn round to the prospective seller and say 'woops, we actually can't sell, sorry about that'.
It doesn't make sense that they have not acknowledged that there is a potential problem?

Trevor Birch did last week.

Part of their job, to make the administration work, is to take possession of the shares. They will be trying to do that at the moment.

Any knowledgeable buyer will be aware of the share problems and they will be asking the same question.

[kdhibees1]

# (http://en.wikipedia.org/wiki/Hash_symbol)allisverycomplicated

[CropleyWasGod]

Just out of interest does anyone have a list of secured and non secured creditors that Hearts are due cash too? Am guessing the only secured creditor is Ukio (which is obviously the Lith authorities now). Are UBIG a secured creditor? Just asking regarding a CVA thats all.

There won't be a list published for some time now.

Nobody knows for certain whether UBIG are secured. That is something BDO will work on establishing.

[Spike Mandela]

This is where I'm struggling. BDO must know about the frozen assets and yet appear to be carrying on as if it's not a problem? Are they going to proceed all the way to the end of the process and then turn round to the prospective seller and say 'woops, we actually can't sell, sorry about that'.
It doesn't make sense that they have not acknowledged that there is a potential problem?
:agree:

It would seem a rather fraudulent stance if this were the case, no?

[CropleyWasGod]

:agree:

It would seem a rather fraudulent stance if this were the case, no?

How would it be so? The buyers know what the position is, so how are they being defrauded?

[Dashing Bob S]

Trevor Birch did last week.

Part of their job, to make the administration work, is to take possession of the shares. They will be trying to do that at the moment.

Any knowledgeable buyer will be aware of the share problems and they will be asking the same question.

How will the assets being frozen by the Lithuanian state authorities effect BDO's progress?

[CropleyWasGod]

How will the assets being frozen by the Lithuanian state authorities effect BDO's progress?

It means that they can't take possession of the shares owned by UBIG. Without them, a sale of the shares can't happen.

[Spike Mandela]

Trevor Birch did last week.

Part of their job, to make the administration work, is to take possession of the shares. They will be trying to do that at the moment.

Any knowledgeable buyer will be aware of the share problems and they will be asking the same question.

But why then invite bids on such a short timescale of 12th July if it is so complex? Is this possibly when BDO will know for certain from Lithuania if they can sell assets?

[CropleyWasGod]

But why then invite bids on such a short timescale of 12th July if it is so complex? Is this possibly when BDO will know for certain from Lithuania if they can sell assets?

I have 2 theories about that.

The first is that the McKie group wants to get in as soon as possible.... he's made some comments about signing players before the start of the season. If they don't get a bid accepted quickly, I think they will pull out. Hence, BDO have to maximise the chance of a decent bid from them at least.

The second, less likely, notion is that BDO may have an inkling that the shares WON'T be available any time soon. They might therefore want to get the process over and done with sooner rather than later, as there would be little point persisting with the administration.

[Liberal Hibby]

Would BDO be able to do a deal for Hearts as a going concern? By that I mean - they've stripped out the high earners, cut their cost and other things being equal would turn a profit. Except they have loans to Ukio that they need to pay interest and capital on.

So if a consortium could get the finance together to meet these overheads could they buy the name and entity (or whatever it is called) of the club - while the renting the remaining assets (ie Tynie) while its ownership was resolved/criminal investigations run their course etc...

[Judas Iscariot]

Sadly this leaves Hearts with a semi decent back five of MacDonald - PlSH, Hamill - PlSH, Wilson - PlSH, McGowan - PlSHER and McHattie - Even Mare PlSHER.

I say SEMI decent but it's still irritating how that particular area is - as usual - the only one that isn't completely decimated, unlike their midfield (Ryan Stevenson and some "wonderkids") and their attack (David Smith, Dale Carrick and Billy King - 0 goals between them). I can see them trying their best to shut us out next derby. :rolleyes:

Semi decent?!

Steady on :faf:

[Liberal Hibby]

Maybe the captaincy is a bit of a sweetener so he doesn't start forcing a move elsewhere? :rolleyes:

Maybe the captaincy is a bit of a sweetener to up his sale price?

[flash]

Sadly this leaves Hearts with a semi decent back five of MacDonald, Hamill, Wilson, McGowan and McHattie.

I say SEMI decent but it's still irritating how that particular area is - as usual - the only one that isn't completely decimated, unlike their midfield (Ryan Stevenson and some "wonderkids") and their attack (David Smith, Dale Carrick and Billy King - 0 goals between them). I can see them trying their best to shut us out next derby. :rolleyes:

That's a dreadful defence.

[Just Alf]

from Brokeback



BDO have published "Business for sale" Heart of Midlothian plc in yesterdays Financial Times. Interestingly it states:

"... the business and assests ............ including the brand and freehold stadium"

It goes on:

" Founded in 1874, with 16 league and cup wins
Freehold of 17,500 all seater Tynecastle Stadium
Average attendance of c. 13,000, with a loyal fan base including c. 10,000 season ticket holders
Heart of Midlothian Football Club brand and associated goodwill
Squad of 22 players, together with a highly skilled, loyal and experienced workforce"

Formal offers by 5.00pm on Friday 12 July 2013.

[CropleyWasGod]

from Brokeback

Interestingly, that was posted on here last week. It was taken down as it appeared to be confidential.

[cocopops1875]

Seen him today at hairy twatt (in full training gear number 4 dunno if he had that lat year) workmate gave him a wee smug smile captain Wilson caught his eye put his head down and scurried off, even he is embarrassed

[CropleyWasGod]

Would BDO be able to do a deal for Hearts as a going concern? By that I mean - they've stripped out the high earners, cut their cost and other things being equal would turn a profit. Except they have loans to Ukio that they need to pay interest and capital on.

So if a consortium could get the finance together to meet these overheads could they buy the name and entity (or whatever it is called) of the club - while the renting the remaining assets (ie Tynie) while its ownership was resolved/criminal investigations run their course etc...

If they buy the name, through a new company, that's the same as the Rangers situation. The new company would have to apply to the SPFL and the SFA for a new membership.

[Part/Time Supporter]

from Brokeback

"Brand and assets" sounds like they aren't even trying to sell the existing company. If my understanding of that phrase is correct they will instead sell the "Hearts" business and assets from the existing company to a new company. Which would then leave them open to punishments at the discretion of the SPFL. Of course Rangers would then demand that "Hearts" should be put into the bottom division, because it would be practically the same as what happened to them.

[Geo_1875]

The ground, though, is owned by Hearts. In theory, that could be sold, as long as the proceeds went to UKIO.

It's the shares, though, that are un-sellable.

But couldn't the UKIO admins block a sale that didn't cover their security?

[CropleyWasGod]

"Brand and assets" sounds like they aren't even trying to sell the existing company. If my understanding of that phrase is correct they will instead sell the "Hearts" business and assets from the existing company to a new company. Which would then leave them open to punishments at the discretion of the SPFL. Of course Rangers would then demand that "Hearts" should be put into the bottom division, because it would be practically the same as what happened to them.

Have you seen the actual ad? I'm intrigued now.

[CB_NO3]

But couldn't the UKIO admins block a sale that didn't cover their security?
I dont think they could block the sale but could demand the 8m (which i believe is the value of the site in security to the debt) anytime.

[Part/Time Supporter]

Have you seen the actual ad? I'm intrigued now.

No, I was just responding to what was in the post above. I would like to see the full wording as well.

[Waxy]

The speed at which BDO are doing this also suggests they think hearts could be relegated to the bottom and have been told to sort it out sharpish by the spfl.

[St.Kristopher]

All of us who live in Edinburgh South can relax again, looks like Ian Murray is catching up on all the time he has wasted with the Hearts Foundation and is back to real parlimentery business again:

Who ate all the burgers? (http://www.bbc.co.uk/news/uk-politics-23146991)

[CropleyWasGod]

I dont think they could block the sale but could demand the 8m (which i believe is the value of the site in security to the debt) anytime.

It's £6.8m fixed charge over the property, and a floating charge over all of the assets.

[Just Alf]

found the add online

http://www.businessesforsale.com/ft/Scottish-Premier-League-Football-Club-Assets.aspx


Business description

Joint Administrators of Heart of Midlothian plc offer for sale
the business and assets of this Edinburgh-based
Scottish Premier League football club, including the
brand and freehold stadium.

- Founded in 1874, with 16 League and Cup wins

- Freehold of 17,500 all-seater Tynecastle Stadium

- Average attendance of c.13,000, with a loyal fan base including
c.10,000 season ticket holders

- Heart of Midlothian Football Club brand and associated goodwill

- Squad of 22 players, together with a highly skilled, loyal and experienced workforce

Formal offers should be submitted to the Joint Administrators
by 5pm on Friday 12 July 2013.

Please use the 'Contact Seller' form for more information

[Craig_in_Prague]

found the add online

http://www.businessesforsale.com/ft/Scottish-Premier-League-Football-Club-Assets.aspx


Business description

Joint Administrators of Heart of Midlothian plc offer for sale
the business and assets of this Edinburgh-based
Scottish Premier League football club, including the
brand and freehold stadium.

- Founded in 1874, with 16 League and Cup wins

- Freehold of 17,500 all-seater Tynecastle Stadium

- Average attendance of c.13,000, with a loyal fan base including
c.10,000 season ticket holders

- Heart of Midlothian Football Club brand and associated goodwill

- Squad of 22 players, together with a highly skilled, loyal and experienced workforce

Formal offers should be submitted to the Joint Administrators
by 5pm on Friday 12 July 2013.

Please use the 'Contact Seller' form for more information

Asking price - available on request

c'mon folks, someone has got to find out :-)

not really sure if this 'advert' indicates anything good/bad right now... (?)

whoring themselves though, desperate trash.

[Waxy]

found the add online

http://www.businessesforsale.com/ft/Scottish-Premier-League-Football-Club-Assets.aspx


Business description

Joint Administrators of Heart of Midlothian plc offer for sale
the business and assets of this Edinburgh-based
Scottish Premier League football club, including the
brand and freehold stadium.

- Founded in 1874, with 16 League and Cup wins

- Freehold of 17,500 all-seater Tynecastle Stadium

- Average attendance of c.13,000, with a loyal fan base including
c.10,000 season ticket holders

- Heart of Midlothian Football Club brand and associated goodwill

- Squad of 22 players, together with a highly skilled, loyal and experienced workforce

Formal offers should be submitted to the Joint Administrators
by 5pm on Friday 12 July 2013.

Please use the 'Contact Seller' form for more information£70 ono

[Treadstone]

£70 ono

£51 or £19.02 :wink:

[Waxy]

found the add online

http://www.businessesforsale.com/ft/Scottish-Premier-League-Football-Club-Assets.aspx


Business description

Joint Administrators of Heart of Midlothian plc offer for sale
the business and assets of this Edinburgh-based
Scottish Premier League football club, including the
brand and freehold stadium.

- Founded in 1874, with 16 League and Cup wins

- Freehold of 17,500 all-seater Tynecastle Stadium

- Average attendance of c.13,000, with a loyal fan base including
c.10,000 season ticket holders

- Heart of Midlothian Football Club brand and associated goodwill

- Squad of 22 players, together with a highly skilled, loyal and experienced workforce

Formal offers should be submitted to the Joint Administrators
by 5pm on Friday 12 July 2013.

Please use the 'Contact Seller' form for more informationWas this on ebay or gumtree?

[Part/Time Supporter]

Thanks, that's quite explicit that they are selling the "business and assets" of Hearts, rather than the shares of the existing HMFC limited company. If you look back at the Rangers stuff from a year ago, Duff & Phelps used the exact same phrasing "business and assets" when describing the sale of Rangers FC to Sevco.

[CropleyWasGod]

found the add online

http://www.businessesforsale.com/ft/Scottish-Premier-League-Football-Club-Assets.aspx


Business description

Joint Administrators of Heart of Midlothian plc offer for sale
the business and assets of this Edinburgh-based
Scottish Premier League football club, including the
brand and freehold stadium.

- Founded in 1874, with 16 League and Cup wins

- Freehold of 17,500 all-seater Tynecastle Stadium

- Average attendance of c.13,000, with a loyal fan base including
c.10,000 season ticket holders

- Heart of Midlothian Football Club brand and associated goodwill

- Squad of 22 players, together with a highly skilled, loyal and experienced workforce

Formal offers should be submitted to the Joint Administrators
by 5pm on Friday 12 July 2013.

Please use the 'Contact Seller' form for more information

If that is genuine, and I have my doubts, that is the Rangers Newco situation. It's definitely a different ad to the prospectus that was issued last week.

There are some glaring errors in it:-

1. it isn't an SPL club.

2. they wouldn't be if the name was sold as suggested.

[Pedantic_Hibee]

Two German Biscuits and the proceeds of my weekend tombola.

[CropleyisGod]

I'm not sure you've got the right ad, this one from the FT could be it...
http://www.businessesforsale.com/ft/Well-Established-Bakery-Business-With-Large-Client-Base-For-Sale.aspx

[greengnome]

I'm not sure you've got the right ad, this one from the FT could be it...
http://www.businessesforsale.com/ft/Well-Established-Bakery-Business-With-Large-Client-Base-For-Sale.aspx
(http://www.businessesforsale.com/ft/Well-Established-Bakery-Business-With-Large-Client-Base-For-Sale.aspx)







:faf:..........:aok:

[BarneyK]

I'm not sure you've got the right ad, this one from the FT could be it...
http://www.businessesforsale.com/ft/Well-Established-Bakery-Business-With-Large-Client-Base-For-Sale.aspx

:faf:

[Just Alf]

:top marks


I'm not sure you've got the right ad, this one from the FT could be it...
http://www.businessesforsale.com/ft/Well-Established-Bakery-Business-With-Large-Client-Base-For-Sale.aspx

[cad]

I'm not sure you've got the right ad, this one from the FT could be it...
http://www.businessesforsale.com/ft/Well-Established-Bakery-Business-With-Large-Client-Base-For-Sale.aspx

Shouldnae post stuff like that Crops when hot soups aboot :hilarious

[SMAXXA]

Can we no just merge this with this with the mega **** thread on the meltdown, getting sick of the sight of seeing this brainless tubes name on the site. :grr:

[Treadstone]

The draft of the original ad, they took out the bolded parts.:wink:


Joint Administrators of Heart of Midlothian plc offer for sale the business and assets of this Edinburgh-based
Scottish Premier League football club, including the
brand and freehold stadium.


- Founded in 1874 won two world wars and saved football


- Freehold of 17,500 all-seater Tynecastle Stadium with new painted steps


- Average attendance of c.13,000 (when spending money that is not theirs), with a loyal fan base including
c.10,000 season ticket holders (minus the 3000 that never renewed)


- Heart of Midlothian Football Club brand and associated goodwill (ask Heriot Watt, HMRC etc)


- Squad of 22 players, together with a highly skilled, loyal and experienced workforce and Gary Locke and Billy Brown


Formal offers should be submitted to the Joint Administrators
by 5pm on Friday 12 July 2013.


Please use the 'Contact Seller' form for more information

[rcarter1]

Smashing! Righto, off out to Dofos to purchase a Persian cat, as an accessory to go with this Bond villain voice I seem to have acquired!

"I expect you to die, Mister Yam."

:thumbsup::top marks

Surely preceded with characteristic bluster -

"Do you expect me to pay?"

[Part/Time Supporter]

If that is genuine, and I have my doubts, that is the Rangers Newco situation. It's definitely a different ad to the prospectus that was issued last week.

There are some glaring errors in it:-

1. it isn't an SPL club.

2. they wouldn't be if the name was sold as suggested.

Yup, the prospectus talked about effecting a CVA and selling the assets concurrently with the sale of shares representing a controlling interest in Hearts. That means the UBIG shares. But there is no mention in this more recent advert of buying shares, it's just the "business and assets". If the administrator has the consent of Ukio to release the security, they would be able to do that, but without the consent of UBIG they can't sell shares and controlling interest.

[bingo70]

Yup, the prospectus talked about effecting a CVA and selling the assets concurrently with the sale of shares representing a controlling interest in Hearts. That means the UBIG shares. But there is no mention in this more recent advert of buying shares, it's just the "business and assets". If the administrator has the consent of Ukio to release the security, they would be able to do that, but without the consent of UBIG they can't sell shares and controlling interest.

In your opinion does this make it more or less likely they'll get an acceptable bid by the 12th July or does this not really tell us enough either way?

[Sanger]

No news of UBIG administration but UBIG and Ukio Bankas will be the bulk of creditors and control majority of shares. They would accept CVA if bid comes close to their valuation of *********** plus a couple of million for the club. If not reject then move to liquidation. Don’t think any of the chancers will have the money upfront that matches what UBIG and UKIO’s administrators want so it will be liquidation!

[CropleyWasGod]

Yup, the prospectus talked about effecting a CVA and selling the assets concurrently with the sale of shares representing a controlling interest in Hearts. That means the UBIG shares. But there is no mention in this more recent advert of buying shares, it's just the "business and assets". If the administrator has the consent of Ukio to release the security, they would be able to do that, but without the consent of UBIG they can't sell shares and controlling interest.

Maybe this is a Plan B, alongside the sale of the shares.

If Plan A doesn't get anywhere, this would enable BDO to get out more quickly.

[CropleyWasGod]

No news of UBIG administration but UBIG and Ukio Bankas will be the bulk of creditors and control majority of shares. They would accept CVA if bid comes close to their valuation of *********** plus a couple of million for the club. If not reject then move to liquidation. Don’t think any of the chancers will have the money upfront that matches what UBIG and UKIO’s administrators want so it will be liquidation!

UKIO, and possibly UBIG, are secured and therefore have no say in a CVA.

[Part/Time Supporter]

In your opinion does this make it more or less likely they'll get an acceptable bid by the 12th July or does this not really tell us enough either way?

If CWG and I are correct in saying this advert suggests they will sell the Hearts business and assets to a newco, it would surely reduce any bids that would be made. That's because buyers would be well aware of the risk that a newco would be put into the bottom division.

[Glesgahibby]

CWG,SERGEY,
thanks for that info,I think I can now get my head round this:confused:
BDO basically are looking for bidders without being sure if there's a seller.
BDO can only take the process so far until the men from Lithuania
are finished with the red tape:agree:
May I add this could take a long,long time

[bingo70]

If CWG and I are correct in saying this advert suggests they will sell the Hearts business and assets to a newco, it would surely reduce any bids that would be made. That's because buyers would be well aware of the risk that a newco would be put into the bottom division.

Apologies for being thick but does that mean its looking like newco is looking like the only realistic option?

Tbh I'd be happy with that, the thought of them dying completely is appealing and I'm sure I wouldn't lose any sleep if that did happen but them starting again inthe lowest division would probably be my first choice.

[CropleyWasGod]

Apologies for being thick but does that mean its looking like newco is looking like the only realistic option?

Tbh I'd be happy with that, the thought of them dying completely is appealing and I'm sure I wouldn't lose any sleep if that did happen but them starting again inthe lowest division would probably be my first choice.

I still have my doubts about whether that ad is genuine.

However, if it is, I think BDO are being pragmatic, and have realised that (due to the shares issue) a Newco may be the only feasible route out. They are running the sale processes alongside each other, for efficiency and to speed up their own exit and payment.

Perhaps, too, the McKie group have told them that they are pulling out.... since they won't get their desired outcome of the signing embargo being lifted.

EDIT:- I have just emailed the selling agent, asking them for clarification about the "SPL" issue. Their answer might give me an idea how genuine they are.

[SkintHibby]

I'm fairly sure it's the MP for Airdrie and Shotts, Pamela Nash, but it's possible that she's your cousin and just didn't tell you that she had been elected to parliament.

No she's not my cousin and not his personal secretary. I was making a point that it's not really Hibs class calling her a "munter" IMO. You never know who's looking in and there was no need for it.

[Hibby Kay-Yay]

I still have my doubts about whether that ad is genuine.

However, if it is, I think BDO are being pragmatic, and have realised that (due to the shares issue) a Newco may be the only feasible route out. They are running the sale processes alongside each other, for efficiency and to speed up their own exit and payment.

Perhaps, too, the McKie group have told them that they are pulling out.... since they won't get their desired outcome of the signing embargo being lifted.

EDIT:- I have just emailed the selling agent, asking them for clarification about the "SPL" issue. Their answer might give me an idea how genuine they are.

Daffy Duck on standby...

[Scònaldò]

If our ****ty coloured neighbours do go under, can i lead the way with the following song?

Wee team, Wee cup
Big team, Tits up.

:greengrin

[HibbyDave]

I'm sure that I'm missing something here but it seemed important at one time.............................................. ......................Oh yes, now I remember, it concerned someone somewhere ( abroad I think) being due to be repaid £10million pounds in about a year or so.
That's approx £28,000 PER DAY without interest. If it's two years away then simply divide by two for another estimate.......Ach I'll do it for you £14,000 EVERY DAY.



Probably that will just be forgiven or put aside and no-one will ever look for repayment ever ever ever.... Think they maybe did just owe it to themselves or I've been dreaming.

GGTTH

[Dashing Bob S]

Given the 'special relationship' enjoyed by those two massive clubs, I thought Barca might have stepped in and agreed to play a glamour friendly at Murrayfield for the financial benefit of their skint pink chums.

Forget Bayern, still smarting over their setback sustained at the hands of the Gorgie club in two world wars.

For else could step up and generate much-needed revenues with a showcase friendly?

[Dashing Bob S]

The page count on this thread is going up again. Admins, can we have further sanctions?

[steakbake]

How about a Kaunas vs Hearts showdown in the Submariner's Cup?

Winner gets their assets unfrozen and avoids liquidation.

[Pedantic_Hibee]

Young Boys (Switzerland).

Surely they are intricately linked to our noncey neighbours?

[Dashing Bob S]

How about a Kaunas vs Hearts showdown in the Submariner's Cup?

Winner gets their assets unfrozen and avoids liquidation.

Now that one would have appeal beyond the confines of Gorgie. Well, Kaunas.

[steakbake]

Young Boys (Switzerland).

Surely they are intricately linked to our noncey neighbours?

They play at the brilliantly named Stadion Wan.kdorf

[Dashing Bob S]

What has happened to young full back Craig Thomson in all of this? Is he still at Kanuas or did he have his contract cancelled?

(I'm saying this not to start another tiresome done-to-death witch hunt against him, just genuinely curious as to what became of him.)

[hibee_nation]

No she's not my cousin and not his personal secretary. I was making a point that it's not really Hibs class calling her a "munter" IMO. You never know who's looking in and there was no need for it.

Caught out big style. :na na:
Someone throw her a bone :greengrin

[steakbake]

What has happened to young full back Craig Thomson in all of this? Is he still at Kanuas or did he have his contract cancelled?

(I'm saying this not to start another tiresome done-to-death witch hunt against him, just genuinely curious as to what became of him.)

Didn't his loan expire, he in effect came back to Hearts and now they have binned him once his contract finished? Not sure who he's with now.

[mikewynne]

What has happened to young full back Craig Thomson in all of this? Is he still at Kanuas or did he have his contract cancelled?

(I'm saying this not to start another tiresome done-to-death witch hunt against him, just genuinely curious as to what became of him.)

His contract ended last month and wasn't renewed.

[Glesgahibby]

Latest from nowayback,
ticket office has ran out of season ticket/cards but it's ok they are due in the same time as the share certificates :wink:

[DaveF]

If that is genuine, and I have my doubts

Not sure about its validity either, but here are the costs for placing Ad's on that site

http://uk.businessesforsale.com/uk/sell-a-business

You can put one up without paying....

[Sergey]

Not sure about its validity either, but here are the costs for placing Ad's on that site

http://uk.businessesforsale.com/uk/sell-a-business

You can put one up without paying....

It is valid, as there's a PDF doing the rounds on KB

[Kato]

Latest from nowayback,
ticket office has ran out of season ticket/cards but it's ok they are due in the same time as the share certificates :wink:

....and the new strips...
....and goodwillie......
....and boyd......
....and wotherspoon....
....and the new owners.....
....and two world cup stars....
....and...on...and...on..an....

[green is good]

....and the new strips...
....and goodwillie......
....and boyd......
....and wotherspoon....
....and the new owners.....
....and two world cup stars....
....and...on...and...on..an....


You can fool some of the people all of the time, and all of the people some of the time, but you can fool all of the hertz fans all of the time.

[Gus Fring]

What has happened to young full back Craig Thomson in all of this? Is he still at Kanuas or did he have his contract cancelled?

(I'm saying this not to start another tiresome done-to-death witch hunt against him, just genuinely curious as to what became of him.)

They held onto him until his contract expired paying him £4k a week. Probably the best a convicted child sex offender could hope for really.

[SquashedFrogg]

That's his personal secretary and she's my cousin.

Merely my personal view... IMO she's a munter....

[Dunderhall]

Has anyone heard from the future PM* in respect of FoH recently.

*Pie Muncher, not the Personal Munter.

[mca]

They held onto him until his contract expired paying him £4k a week. Probably the best a convicted child sex offender could hope for really.

Probably end with Playing in Thailand.. :wink:

[nonshinyfinish]

They play at the brilliantly named Stadion Wan.kdorf

I will never, ever, ever tire of this headline: http://espnfc.com/news/story?id=337901&cc=5739

[Northernhibee]

I will never, ever, ever tire of this headline: http://espnfc.com/news/story?id=337901&cc=5739

I see your headline and I raise you this

http://uk.reuters.com/article/2010/07/03/us-athletics-diamond-idUSTRE6622I420100703

[Newry Hibs]

I see the new season kicks off on August 10th - 6 weeks away. Surely if an East Sevco want to be part of it they need to apply now to Div 3. This time last year there was at least Team 12 in the fixtures.

I wouldn't want to be any of the teams that would be 'rewarded' by a sudden promotion this close to the start of the season whteher it was because there is HOMFC at all or a newco.

[CropleyWasGod]

It is valid, as there's a PDF doing the rounds on KB

I am unconvinced, Sergey.

I have seen the BDO-headed sale prospectus for the sale of the business, which may be what is being circulated. This feels different, though. Why, for example, haven't they marketed the assets in the same way as the business?

I have emailed Businesses For Sale, with a few pertinent question; the answers, if I get them, might sway me.

[nonshinyfinish]

I see your headline and I raise you this

http://uk.reuters.com/article/2010/07/03/us-athletics-diamond-idUSTRE6622I420100703

:tee hee:

[Sanger]

UKIO, and possibly UBIG, are secured and therefore have no say in a CVA.


what? They hold the bulk of the shares and have security over Tynie and club. So who has ? unsecured investors who are owed a tiny fraction of what UBIG/Ukio Bankas are? They'll try
A CVA to see what bids are out there. Which will amount to nothing serious real money. So liquidation.

[Sergey]

I am unconvinced, Sergey.

I have seen the BDO-headed sale prospectus for the sale of the business, which may be what is being circulated. This feels different, though. Why, for example, haven't they marketed the assets in the same way as the business?

I have emailed Businesses For Sale, with a few pertinent question; the answers, if I get them, might sway me.

I'm out of commission for a couple of days as I'm going sailing on a friends yacht, so I'll have to catch-up again on Thursday evening.

I got a communique from Kaunas this evening, but there's no new news.

[CropleyWasGod]

I'm out of commission for a couple of days as I'm going sailing on a friends yacht, so I'll have to catch-up again on Thursday evening.

I got a communique from Kaunas this evening, but there's no new news.

Flash get.

Watch out for Chechen submarines. They're out to get you.

[CropleyWasGod]

what? They hold the bulk of the shares and have security over Tynie and club. So who has ? unsecured investors who are owed a tiny fraction of what UBIG/Ukio Bankas are? They'll try
A CVA to see what bids are out there. Which will amount to nothing serious real money. So liquidation.

The CVA is the easiest bit of all of this. The satisfaction of the secured creditors, and the unfreezing of the shares, are much more difficult.

I agree, though, about the L word becoming more likely.... especially if the advertisement about the sale of the property and assets is genuine.

[Sanger]

UKIO, and possibly UBIG, are secured and therefore have no say in a CVA.
Furthermore in any CVA vote secured creditors are given a proportion of the debt that their debts exceed the value if the assets of the CVA company. Ukio/UBIG are owed at least £25m And the value of the assets is around £8m so Ukio/UBIG are deemed to be owed £25m - £8m or £17m which is easily more than 75% of the debt of all the unsecured.

[CropleyWasGod]

Furthermore in any CVA vote secured creditors are given a proportion of the debt that their debts exceed the value if the assets of the CVA company. Ukio/UBIG are owed at least £25m And the value of the assets is around £8m so Ukio/UBIG are deemed to be owed £25m - £8m or £17m which is easily more than 75% of the debt of all the unsecured.

You sure about that? I thought that secured creditors could only vote in a CVA to the extent that their debt is unsecured. UKIO have a fixed charge on the property, and a floating charge on the assets, so their debt is fully secured. UBIG, if it's valid, have a floating charge, and so are fully secured as well.

Academic, sure, because the secured creditors are not bound by the results of the vote. They still have, effectively, final say on whether the deal goes through. If the shares are available :greengrin

[Ozyhibby]

Found this on Kickback.
This bloke appears to understand but his post has been totally ignored and I suspect he will be banned promptly.

livingstonjambo, on 02 July 2013 - 05:44 PM, said:
Im pretty sure the Lithuanian government has frozen all of Romanov assets and would be able to sell them if they wished.

TheMaganator, on 02 July 2013 -
05.54 PM
Not without legal proceedings, I would not have thought.

The authorities here can freeze your assets and literally take the money out of your back pocket if they have reason to believe they are ill-gotten gains. But the punter would still have the opportunity to challenge the decision.

Granted, Lithuania is not Scotland but I doubt they can just freeze assets and sell them without legal proceedings. I could be wrong though.

[CropleyWasGod]

Found this on Kickback.
This bloke appears to understand but his post has been totally ignored and I suspect he will be banned promptly.

livingstonjambo, on 02 July 2013 - 05:44 PM, said:
Im pretty sure the Lithuanian government has frozen all of Romanov assets and would be able to sell them if they wished.

TheMaganator, on 02 July 2013 -
05.54 PM
Not without legal proceedings, I would not have thought.

The authorities here can freeze your assets and literally take the money out of your back pocket if they have reason to believe they are ill-gotten gains. But the punter would still have the opportunity to challenge the decision.

Granted, Lithuania is not Scotland but I doubt they can just freeze assets and sell them without legal proceedings. I could be wrong though.

They're both half-right. Don't think the Lith government can sell the assets.

[sidneyhibbie]

Been busy today has Sidney i have written to council demanding under freedom off information act how much the yams are behind in commercial rates for the PBS and HWU. Also letter complaining about BDO.

Letters also posted to SFA And Doncaster and Regan regards the Wilson Signing.

Sidney takes no **** yam fuds:flag:

[CropleyWasGod]

Been busy today has Sidney i have written to council demanding under freedom off information act how much the yams are behind in commercial rates for the PBS and HWU. Also letter complaining about BDO.

Letters also posted to SFA And Doncaster and Regan regards the Wilson Signing.

Sidney takes no **** yam fuds:flag:

If you read Hibs.net properly, you'd have got the information about the rates for the PBS. :greengrin They don't pay rates for HWU.

What's the basis of your complaint about BDO?

[TornadoHibby]

You sure about that? I thought that secured creditors could only vote in a CVA to the extent that their debt is unsecured. UKIO have a fixed charge on the property, and a floating charge on the assets, so their debt is fully secured. UBIG, if it's valid, have a floating charge, and so are fully secured as well.

Academic, sure, because the secured creditors are not bound by the results of the vote. They still have, effectively, final say on whether the deal goes through. If the shares are available :greengrin

Isn't the "secured" debt only secured if the realisable value of the secured assets exceed the outstanding secured debt!? :dunno:

To the extent that the secured debt exceeds the realisable value of the related secured assets, I think that the excess debt is regarded as unsecured in an insolvency situation! :confused:

[CropleyWasGod]

Isn't the "secured" debt only secured if the realisable value of the secured assets exceed the outstanding secured debt!? :dunno:

To the extent that the secured debt exceeds the realisable value of the related secured assets, I think that the excess debt is regarded as unsecured in an insolvency situation! :confused:

So how do you establish the realisable value of the assets without realising them?:greengrin

[sidneyhibbie]

If you read Hibs.net properly, you'd have got the information about the rates for the PBS. :greengrin They don't pay rates for HWU.

What's the basis of your complaint about BDO?

The Wilson signing adding too their costs and not in interest of creditors Sidney has been busy reading up BDO Have broken rules.

[ScottB]

In simplistic terms, the ground and shares are akin to our 'Proceeds of Crime Act' and won't be dissolved until charges are brought and the case is resolved against Vlad and his merry bunch of cohorts. Given that Vlad is holed-up in Chechnya with an international arrest warrant in place, I don't see this sorting itself out in the foreseeable.

Years and not months by my reckoning.

I've thought for a long time that Hearts won't be sold for this very reason, liquidated and a totally new club being set up by one of the FOH esque groups seems likely...

[CropleyWasGod]

The Wilson signing adding too their costs and not in interest of creditors Sidney has been busy reading up BDO Have broken rules.

Read Hibs.net. Collectively, over the course of the Rangers and Hearts sagas, we have explained the situations so much better than the MSM. :greengrin

[Corstorphine Hibby]

What has happened to young full back Craig Thomson in all of this? Is he still at Kanuas or did he have his contract cancelled?

(I'm saying this not to start another tiresome done-to-death witch hunt against him, just genuinely curious as to what became of him.)


I've heard that he's offered to work for free as a physiotherapist for the Hearts youth team.

[The Green Goblin]

The Wilson signing adding too their costs and not in interest of creditors Sidney has been busy reading up BDO Have broken rules.

Your last couple of posts caught my interest. Are you Peter Mullen's character in Alfonso Cuaron's film "Children of Men"? :greengrin

[ScottB]

I've heard that he's offered to work for free as a physiotherapist for the Hearts youth team.

Nah he's joining as Head of Social Media...

[HibeeMG]

Your last couple of posts caught my interest. Are you Peter Mullen's character in Alfonso Cuaron's film "Children of Men"? :greengrin

It only took a few seconds but when I remembered, I laughed.

:top marks

[HUTCHYHIBBY]

Been busy today has Sidney i have written to council demanding under freedom off information act how much the yams are behind in commercial rates for the PBS and HWU. Also letter complaining about BDO.

Letters also posted to SFA And Doncaster and Regan regards the Wilson Signing.

Sidney takes no **** yam fuds:flag:

I'm always a bit wary of folk that talk about themselves in the 3rd person. ;-)

[HibeeMG]

I'm always a bit wary of folk that talk about themselves in the 3rd person. ;-)

HibeeMG agrees with this

[Sanger]

You sure about that? I thought that secured creditors could only vote in a CVA to the extent that their debt is unsecured. UKIO have a fixed charge on the property, and a floating charge on the assets, so their debt is fully secured. UBIG, if it's valid, have a floating charge, and so are fully secured as well.

Academic, sure, because the secured creditors are not bound by the results of the vote. They still have, effectively, final say on whether the deal goes through. If the shares are available :greengrin

That is the regulation concerning CVAs.

The position of secured investors is outlined here showing that secured investors get a vote in round one based on how much the value of their debt exceeds the value of the assets the debt is secured on.

http://www.purnells.co.uk/limited-company/company-voluntary-arrangements/new-type-cva/banks-and-other-secured-creditors.html

[Springbank]

Interesting!! My "mole" inside FoH gave me my standard regular update on their finances and business model just now:

No-one won last nights EuroMillions so Fridays jackpot is £22m. They've got Friday then (in the unlikely event of not winning that) they'll still have next Tuesday's draw before the 12 July bdo deadline.

So close...

[s.a.m]

Interesting!! My "mole" inside FoH gave me my standard regular update on their finances and business model just now:

No-one won last nights EuroMillions so Fridays jackpot is £22m. They've got Friday then (in the unlikely event of not winning that) they'll still have next Tuesday's draw before the 12 July bdo deadline.

So close...

:greengrin

[lord bunberry]

Interesting!! My "mole" inside FoH gave me my standard regular update on their finances and business model just now:

No-one won last nights EuroMillions so Fridays jackpot is £22m. They've got Friday then (in the unlikely event of not winning that) they'll still have next Tuesday's draw before the 12 July bdo deadline.

So close...
I would love to win that and announce that I was a jambo and was going to save hearts, then at the last minute tell them they were getting nowt.

[TornadoHibby]

So how do you establish the realisable value of the assets without realising them?:greengrin

And here's me thinking that you were the accountant too!??! :greengrin

In reality, I imagine by independant or otherwise objective valuation (of assets and liabilities until realised or proven respectively) for the purposes of decision making in insolvency situations before asset disposals are completed would be the way it's done! :confused:

[Bristolhibby]

Your last couple of posts caught my interest. Are you Peter Mullen's character in Alfonso Cuaron's film "Children of Men"? :greengrin

Yea, I picked up on that too. He takes a dull one to the face with a breeze block. Ouch!

J

[The Falcon]

And here's me thinking that you were the accountant too!??! :greengrin

In reality, I imagine by independant or otherwise objective valuation (of assets and liabilities until realised or proven respectively) for the purposes of decision making in insolvency situations before asset disposals are completed would be the way it's done! :confused:

Alternatively you can follow the Rangers/Sevco template.........

[YehButNoBut]

And here's me thinking that you were the accountant too!??! :greengrin

In reality, I imagine by independant or otherwise objective valuation (of assets and liabilities until realised or proven respectively) for the purposes of decision making in insolvency situations before asset disposals are completed would be the way it's done! :confused:

That cleared it up for me. :Ummm:

[GloryGlory]

I see the new season kicks off on August 10th - 6 weeks away. Surely if an East Sevco want to be part of it they need to apply now to Div 3. This time last year there was at least Team 12 in the fixtures.

I wouldn't want to be any of the teams that would be 'rewarded' by a sudden promotion this close to the start of the season whteher it was because there is HOMFC at all or a newco.

Neither would I want to be the SPL finance director, if they have accepted the yams' request for an advance of next season's TV money. :greengrin

[Caversham Green]

You sure about that? I thought that secured creditors could only vote in a CVA to the extent that their debt is unsecured. UKIO have a fixed charge on the property, and a floating charge on the assets, so their debt is fully secured. UBIG, if it's valid, have a floating charge, and so are fully secured as well.

Academic, sure, because the secured creditors are not bound by the results of the vote. They still have, effectively, final say on whether the deal goes through. If the shares are available :greengrin

Re this and subsequent...

It used to be the case that a secured creditor would not get a vote in a CVA because they could deal with the assets and security separately and it was up to them to ensure that the debt didn't exceed the value of the assets. I thought that was still the case but according to the link posted by desantos0773 (and by another poster previously) that was changed very recently (2003 :rolleyes:) and now any debt that exceeds the asset value does fall into a CVA vote. I think this could create more problems than it solves because a valuation is always spurious unless it's tested on the market and that leaves the allocation of secured/unsecured debt open to challenge from whichever side it suits.

One point about the Purnells link - It describes specific circumstances that don't match the Yams case, so I'm on the fence again, but my legs are dangling on the Purnells side.

[CropleyWasGod]

Re this and subsequent...

It used to be the case that a secured creditor would not get a vote in a CVA because they could deal with the assets and security separately and it was up to them to ensure that the debt didn't exceed the value of the assets. I thought that was still the case but according to the link posted by desantos0773 (and by another poster previously) that was changed very recently (2003 :rolleyes:) and now any debt that exceeds the asset value does fall into a CVA vote. I think this could create more problems than it solves because a valuation is always spurious unless it's tested on the market and that leaves the allocation of secured/unsecured debt open to challenge from whichever side it suits.

One point about the Purnells link - It describes specific circumstances that don't match the Yams case, so I'm on the fence again, but my legs are dangling on the Purnells side.

... and that may be very important in this case. If a bidder says £xm for the secured creditors, and y pence/£ for the unsecured, the arguments between the UKIO and UBIG reps might take a while. Which would be nice.

Cheers for the clarification.

[StevieC]

That cleared it up for me. :Ummm:

I think it means .. they guess. :greengrin

[CropleyWasGod]

I think it means .. they guess. :greengrin

What it means is.... " we are professionals, and we can therefore use big long technical words that nobody else understands... which then justifies us charging you minions enormous amounts of money, 'cos you think we must know what we're talking about."

:wink:

[jacomo]

What happened to Fish? Is he bailing them out or what?

:confused:

[Coco Bryce]

What happened to Fish? Is he bailing them out or what?

:confused:

What happened to his thread? I take it he got fed up with the abuse :confused:

Heard he was hoping to raise half a marillion £s tae :cb

[Saorsa]

What happened to his thread? I take it he got fed up with the abuse :confused:

Heard he was hoping to raise half a marillion £s tae :cbIt's in the dugout

[Waxy]

What happened to his thread? I take it he got fed up with the abuse :confused:

Heard he was hoping to raise half a marillion £s tae :cbI know it's petty and cruel and i'm taking it out on the wrong things,but i never fed my fish last night.You know who to blame.

[green glory]

What happened to Fish? Is he bailing them out or what?

:confused:

Fish is a Hibby. I wouldn't suggest otherwise to his face that's for sure.

[Pedantic_Hibee]

I know it's petty and cruel and i'm taking it out on the wrong things,but i never fed my fish last night.You know who to blame.

F*****g LOL!!!!!!!!!

[greenginger]

... and that may be very important in this case. If a bidder says £xm for the secured creditors, and y pence/£ for the unsecured, the arguments between the UKIO and UBIG reps might take a while. Which would be nice.

Cheers for the clarification.


Yeah, but Ukio Bankas was appointed Security Trustee when the debt was split and I thought it allowed Ukio, now through their Admin. to split the cake as he sees fit.

No doubt everything will end up with Ukio Bankas so I can't see anyone fighting over the offer.

Just hope the Merricks try and get the HOMFC carcass on the cheap and that really p!sses off the admin. who consigns the lot to the mincer.

[CropleyWasGod]

Yeah, but Ukio Bankas was appointed Security Trustee when the debt was split and I thought it allowed Ukio, now through their Admin. to split the cake as he sees fit.

No doubt everything will end up with Ukio Bankas so I can't see anyone fighting over the offer.

Just hope the Merricks try and get the HOMFC carcass on the cheap and that really p!sses off the admin. who consigns the lot to the mincer.

You're probably right, of course. But, we pedants like to fight over every line. It helps to bump up the fees.:greengrin

[Keith_M]

....


....


Am I the only one a bit confused / suspicious?

:hmmm:



Would the REAL Cropley the Accountant please stand up!

[CropleyWasGod]

Am I the only one a bit confused / suspicious?

:hmmm:



Would the REAL Cropley the Accountant please stand up!

Um.... I was hoping this wouldn't cause a stir.

The paranoid me says he's a Yam Troll, on a mission to discredit me. I'd say that there are much easier ways of doing that. :greengrin

The rational me says that he is a disciple of the greatest left-peg I have ever seen in a Hibs shirt.:cb

[Eternal Hibbie]

This morning's Record -

"Fresh fears for Hearts as season ticket sales hit the buffers"

Excellent, big team my ass.


Sent from my GT-I9300 using Tapatalk 2

[Treadstone]

This morning's Record -

"Fresh fears for Hearts as season ticket sales hit the buffers"

Excellent, big team my ass.

Jamie Borthwick ‏@jamiekborthwick (https://twitter.com/jamiekborthwick)29m (https://twitter.com/jamiekborthwick/status/352366300997230594)
BDO having the media over for a chat at Tynecastle at 2pm. Almost two weeks since Hearts hit admin - has the forecast improved?

[kdhibees1]

This morning's Record -

"Fresh fears for Hearts as season ticket sales hit the buffers"

Excellent, big team my ass.


Sent from my GT-I9300 using Tapatalk 2 http://www.dailyrecord.co.uk/sport/football/football-news/fresh-fears-hearts-season-ticket-2020967
I thought everything was okay though as they got to keep Wilson??? :na na:

[Heisenberg]

They've got these friendly matches lined up too. We were told these would be full to capacity with the baked cakes selling out (wee fat robbo loves cake) so surely #allisbarry?

[Caversham Green]

Um.... I was hoping this wouldn't cause a stir.

The paranoid me says he's a Yam Troll, on a mission to discredit me.


He's not done a very good job then - he joined in 2003.

[IWasThere2016]

This morning's Record -

"Fresh fears for Hearts as season ticket sales hit the buffers"

Excellent, big team my ass.


Sent from my GT-I9300 using Tapatalk 2


Jamie Borthwick ‏@jamiekborthwick (https://twitter.com/jamiekborthwick)29m (https://twitter.com/jamiekborthwick/status/352366300997230594)
BDO having the media over for a chat at Tynecastle at 2pm. Almost two weeks since Hearts hit admin - has the forecast improved?


http://www.dailyrecord.co.uk/sport/football/football-news/fresh-fears-hearts-season-ticket-2020967
I thought everything was okay though as they got to keep Wilson??? :na na:

THE TICK TOCK O' THE TOON! :faf:

I can see us dancing in the streets of Raith! :agree: :thumbsup: :pfgwa :thumbsup: :scarf::fenlon:giruy:

[PatHead]

See they are now doing stadium tours at £6 a pop. That will raise a lot............

[Springbank]

£6 well spent

"over there is a stand we don't own.
And over there is another stand we don't own.
Over there is where the 5-1 1902 hobos sit (cue cheers) in a stand that, you got it, we don't own.
And finally here's a stand that is unsafe.
And we don't own it either"

[jgl07]

Fish is a Hibby. I wouldn't suggest otherwise to his face that's for sure.

He was arguing for a merger with Hearts ten years ago if I recall correctly.

[Dunderhall]

From EEN (http://www.scotsman.com/edinburgh-evening-news/football/hearts/hearts-to-face-dinamo-bucharest-in-friendly-1-2987167).


Hearts, who were placed in administration at the end of last month, will travel to England for free after a bus was laid on by local company Charlie Irons, and Locke admitted that the club would not have been able to travel south for the match otherwise.
He added: “The financial situation at the club means that there is no way we would have had the money to go splashing out on a team bus to take us to Manchester.
“Fortunately for us, Charlie has come in and offered to take us there and back for free, which is a fantastic gesture.


Surprised they are not selling spare seats, or maybe it's a mini bus.

[SkintHibby]

Hearts are a shambolic, sad excuse of a football club.

The really sad thing (and i mean this) is there are poor fans out there who are struggling to make ends meet and instead of supporting their families, they are paying money to footballers who are earning multiples of what they earn.

It is really sickening if im being honest.

[Bristolhibby]

£6 well spent

"over there is a stand we don't own.
And over there is another stand we don't own.
Over there is where the 5-1 1902 hobos sit (cue cheers) in a stand that, you got it, we don't own.
And finally here's a stand that is unsafe.
And we don't own it either"

"And here, oh watch out for that rain coming through, oh and please ignore those fine strands of asbestos.

Davie here is selling a fuine range of umbrellas and facemaske at £4 and £6 respectively, all proceeds go to Lithuania.

Dig deep guys, we are the Big Team, 5-1, 1902, killed the Hibs, etc."

J

[Keith_M]

This morning's Record -

"Fresh fears for Hearts as season ticket sales hit the buffers"

Excellent, big team my ass.


Sent from my GT-I9300 using Tapatalk 2


I read that article and thought it was yet another 'Headline-detached-from-story'.

Nothing in the article suggested anyone had new fears or related the lack of sales to impending doom. The article writer was actually trying to put a faintly positive slant on their fund raising.


Disclaimer: I'm not saying #allisbarry, just that the article/headline was a bit pointless

[Biggie]

He was arguing for a merger with Hearts ten years ago if I recall correctly.

Maybe he needs to keep the yam support onside to help sales.....

I also see the yams have charlie irons to thank for free transport to play some friendly down south. Gary Cocke was saying how grateful he was as without the offer they wouldn't be able to play the game.....why cant they be like any other amateur team and go down in cars ?.......

[Northernhibee]

From EEN (http://www.scotsman.com/edinburgh-evening-news/football/hearts/hearts-to-face-dinamo-bucharest-in-friendly-1-2987167).



Surprised they are not selling spare seats, or maybe it's a mini bus.

Pleasingly they didn't say that there's a bus to bring them back :greengrin

[Saorsa]

From EEN (http://www.scotsman.com/edinburgh-evening-news/football/hearts/hearts-to-face-dinamo-bucharest-in-friendly-1-2987167).



Surprised they are not selling spare seats, or maybe it's a mini bus.http://i44.tinypic.com/29bbsrq.jpg


Free buses for tax dodgers :bitchy If ever I need a coach it winnae be fae them.

[IWasThere2016]

See they are now doing stadium tours at £6 a pop. That will raise a lot............


£6 well spent

"over there is a stand we don't own.
And over there is another stand we don't own.
Over there is where the 5-1 1902 hobos sit (cue cheers) in a stand that, you got it, we don't own.
And finally here's a stand that is unsafe.
And we don't own it either"

:faf: Bye bye Dumbos! :thumbsup:

[jonty]

Hearts are a shambolic, sad excuse of a football club.

The really sad thing (and i mean this) is there are poor fans out there who are struggling to make ends meet and instead of supporting their families, they are paying money to footballers who are earning multiples of what they earn.

It is really sickening if im being honest.

I honestly cant see anything other than liquidation and a start in the lowest division - all without as much as a whimper.
No amount of fundraising will keep them in the SPL - they need a multimillion pound injection and a great deal of luck. They need a free buss FFS to get them to friendly matches.
Derby fixtures will be put on hold for some years (I wouldn't count on them coming straight back up).

They'll still exist, with a far smaller base of die-hard supporters, still call themselves HoMFC.

In the mean time, they've bled the genuine supporters dry and they've no money left to buy anything next season and it'll take them years to build any savings back up and pay of personal debts.

[big-mo]

Just been reading the Lithuanian president's priorities (in the Lithuania Tribune online) now her country has become president of the EU for the next six months. Not a word abouit saving the Hearts from going into liquidation as Ian (I'm a MP) Murray would have us believe.


http://www.lithuaniatribune.com/category/eu-presidency-2/

[Onion]

Hearts are a shambolic, sad excuse of a football club.

The really sad thing (and i mean this) is there are poor fans out there who are struggling to make ends meet and instead of supporting their families, they are paying money to footballers who are earning multiples of what they earn.

It is really sickening if im being honest.

And it is people like John Robertson and Gary MacKay (both very well off) that should be held responsible if this whole thing collapses. They're the ones who pushed the share issue and are enticing people to part with money they might not be able to afford. And BDO have their own self interest in wrestling money out of Yam Fan hands - bet a lot of it goes to pay them. The whole thing stinks and in any other industry would be labelled a scam.

[Waxy]

Hope they remember to apply for tax credits.
Deadline is 31st July i think.

[Craig_in_Prague]

And it is people like John Robertson and Gary MacKay (both very well off) that should be held responsible if this whole thing collapses. They're the ones who pushed the share issue and are enticing people to part with money they might not be able to afford. And BDO have their own self interest in wrestling money out of Yam Fan hands - bet a lot of it goes to pay them. The whole thing stinks and in any other industry would be labelled a scam.

aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaarrrrrrrrrrrrr rrrrgh

[Onion]

I honestly cant see anything other than liquidation and a start in the lowest division - all without as much as a whimper.
No amount of fundraising will keep them in the SPL - they need a multimillion pound injection and a great deal of luck. They need a free buss FFS to get them to friendly matches.
Derby fixtures will be put on hold for some years (I wouldn't count on them coming straight back up).

They'll still exist, with a far smaller base of die-hard supporters, still call themselves HoMFC.

In the mean time, they've bled the genuine supporters dry and they've no money left to buy anything next season and it'll take them years to build any savings back up and pay of personal debts.

A declarable business benefit and taxable ? I hope the tax man is keeping an eye on all the freebees that are being chucked their way :cb

[marti1875]

aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaarrrrrrrrrrrrr rrrrgh

:greengrin:greengrin My thoughts exactly when i saw that :greengrin

[Onion]

aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaarrrrrrrrrrrrr rrrrgh

Take it I'm behind the curve on this point :greengrin

[Waxy]

Take it I'm behind the curve on this point :greengrinThey can't take a fee until they've been sold

[YehButNoBut]

If Hearts can't afford the bus fare to Manchester how are they going to get to N Ireland in a few weeks & where will they stay, will they be sleeping rough. :lolyam:

I suppose they could hitch a lift from any fans travelling over.

[The Green Goblin]

It only took a few seconds but when I remembered, I laughed.

:top marks

:greengrin made me laugh too. Cheers

[greengnome]

http://i44.tinypic.com/29bbsrq.jpg


Free buses for tax dodgers :bitchy If ever I need a coach it winnae be fae them.


It gives him free advertisement for his coach company... This is what big clubs get, free travel and all the trimmings..... :greengrin

[Gatecrasher]

From EEN (http://www.scotsman.com/edinburgh-evening-news/football/hearts/hearts-to-face-dinamo-bucharest-in-friendly-1-2987167).



Surprised they are not selling spare seats, or maybe it's a mini bus.

So is that them officially huns without the bus fare?

[SmashinGlass]

They can't take a fee until they've been sold

That's not strictly true. They've simply said they won't draw a fee before the property/business is sold. They need to have all fees authorised by creditors in any case. Expect to see a fee request when they send proposals to creditors.

[sidneyhibbie]

And it is people like John Robertson and Gary MacKay (both very well off) that should be held responsible if this whole thing collapses. They're the ones who pushed the share issue and are enticing people to part with money they might not be able to afford. And BDO have their own self interest in wrestling money out of Yam Fan hands - bet a lot of it goes to pay them. The whole thing stinks and in any other industry would be labelled a scam.

Medals and Fatty were at the fore front when they raised all the money for the Fraud last year how can people be so stupid as to get reeled in twice. When it all goes wrong again and they get Liquidated how can these people look at themselves in the mirror ?

Sidney would never fall for a scam like this but i live in the real world not yam land. Time for a nice letter of complaint to be written to the Police reminding them that they have not been paid and too request that they provide no more services till the 25k dept is paid.

Sidney is on a roll now.:aok:

[YehButNoBut]

Just looking at all Hearts pre-season fixtures and every one is away from home which seems strange when they could do with the income from a game at Tynie.

Make me wonder if there is a good reason that they cannot play any games at their own ground. :dunno:

[Cabbage East]

It costs money up front to put on a game at Tynie. Policing/stewarding costs etc.

[Part/Time Supporter]

Just looking at all Hearts pre-season fixtures and every one is away from home which seems strange when they could do with the income from a game at Tynie.

Make me wonder if there is a good reason that they cannot play any games at their own ground. :dunno:

I think they fixed up most of their pre-season schedule (well) before administration. Locke said in the papers that they were talking to teams about the possibility of a "glamour friendly" at the PBS but most other clubs have their own fixtures booked up already.

[jonty]

Hearts probably couldn't guarantee that they'd be around to play the games. No 'big name' club is going to send their fans and team to Edinburgh then find out its been cancelled leaving them out of pocket.

[Dashing Bob S]

I think they fixed up most of their pre-season schedule (well) before administration. Locke said in the papers that they were talking to teams about the possibility of a "glamour friendly" at the PBS but most other clubs have their own fixtures booked up already.

Yes, its the football equivalent of the girlfriend you ask out 'washing her hair tonight'. Hearts are now known to be lying, incompetent, graceless, chancers and no club will go out of their way to help an organisation that will try and stiff them for even the minimum guarantee. I think the football world is pretty much finished with this basket case.

[Dashing Bob S]

Hearts probably couldn't guarantee that they'd be around to play the games. No 'big name' club is going to send their fans and team to Edinburgh then find out its been cancelled leaving them out of pocket.

You just took the words out of my mouth...

[Phil MaGlass]

So is that them officially huns without the bus fare?

YAAAASSSSSSSSSS..........:thumbsup:

[HibeeMG]

Medals and Fatty were at the fore front when they raised all the money for the Fraud last year how can people be so stupid as to get reeled in twice. When it all goes wrong again and they get Liquidated how can these people look at themselves in the mirror ?

Sidney would never fall for a scam like this but i live in the real world not yam land. Time for a nice letter of complaint to be written to the Police reminding them that they have not been paid and too request that they provide no more services till the 25k dept is paid.

Sidney is on a roll now.:aok:

Stop now will ya?

You made an erse of yourself on the Heriot Watt thread, try not to do it here also.

I suggest that a letter to any kind of authority should be thoroughly spell-checked before sending, by the way.

[GreenCastle]

Just looking at all Hearts pre-season fixtures and every one is away from home which seems strange when they could do with the income from a game at Tynie.

Make me wonder if there is a good reason that they cannot play any games at their own ground. :dunno:

I am curious to who is paying for their trip to Northern Ireland ? Flights / buses / hotel / food ?

This is turning out to be one of the best off season's ever - never a dull moment with the yams about.

Wonder what tomorrow's story in the Evening News will be...:greengrin

[YehButNoBut]

I am curious to who is paying for their trip to Northern Ireland ? Flights / buses / hotel / food ?

This is turning out to be one of the best off season's ever - never a dull moment with the yams about.

Wonder what tomorrow's story in the Evening News will be...:greengrin

I imagine that they will be due a fee for their appearance in this tournie which will probably cover all these costs, otherwise they would have to have pulled out by now.

[Treadstone]

Stop now will ya?

You made an erse of yourself on the Heriot Watt thread, try not to do it here also.

I suggest that a letter to any kind of authority should be thoroughly spell-checked before sending, by the way.
:applause:

His enthusiasm is great though but i tend to :agree:

[Alex Trager]

Will the bdo press conference be that? Or is it a thing we have to wait hours and hours to hear the results of?

[Andy74]

Will the bdo press conference be that? Or is it a thing we have to wait hours and hours to hear the results of?

It'll just be a general update along the lines of season ticket sales went well, some other sources of cash in as well, keeps them going for a few weeks, still talking to interested parties, deadline set, still trying to ascertain full picure, particularly in relation to Lithuania, ask the fans to keep buying season tickets and single game tickets for the first three big games etc. etc.

[SMAXXA]

Whens the 2 week season ticket please over, this Friday?

[Lucius Apuleius]

methinks Sidney is a bit of a dork, possibly even a cockwarbler.

[HibeeMG]

It'll just be a general update along the lines of season ticket sales went well, some other sources of cash in as well, keeps them going for a few weeks, still talking to interested parties, deadline set, still trying to ascertain full picure, particularly in relation to Lithuania, ask the fans to keep buying season tickets and single game tickets for the first three big games etc. etc.

If that's not their bullet-points then I'll be very surprised.

[greengnome]

From the brokenback forum... I really am staggered at the audacity these people have, to come out with such posts. I am however happy to see that we (Hibby's), are obviously never far from their minds... :greengrin



Posted Today, 12:31Just a wonder with all the news stories that the EEN and Scotsman have had from us in the past few years and all the extra papers they have sold (all be it to the hobos) What if any financial contributions to Save our Hearts. or as I suspect just like the vultures they are circling around and hoping to pick the bones.....just another Edinburgh business that over the years have benefited from Heart of Midlothian but gave nothing in return..... There's thousands out there we should name and shame them......

[Keith_M]

methinks Sidney is a bit of a dork, possibly even a cockwarbler.

Keekaboo thinks so, as he always does about anyone referring to themselves in the third person


Oh and don't you mean 'cockwomble'? :greengrin

[coldingham hibs]

I see on the HMFC Official site that they are asking fans who reserved season ticket seats to pay up by Sunday.

I wonder how many of their quoted sales have actually still to be paid :dunno:

[HibbySpurs]

Stop now will ya?

You made an erse of yourself on the Heriot Watt thread, try not to do it here also.

I suggest that a letter to any kind of authority should be thoroughly spell-checked before sending, by the way.

:greengrin

The enthusiasim is highly admirable, however I really hope Sidney has better things to do with his time rather than writing all these letters to be honest. All of which just cause more paperwork for the recieving authority and are highly likely to make absoloutely 0% difference.

Perhaps time would be better spent "Focussing on Hibernian":confused:, Just a thought Sidney, not slagging you off:aok:

:flag:

[Twa Cairpets]

Medals and Fatty were at the fore front when they raised all the money for the Fraud last year how can people be so stupid as to get reeled in twice. When it all goes wrong again and they get Liquidated how can these people look at themselves in the mirror ?

Sidney would never fall for a scam like this but i live in the real world not yam land. Time for a nice letter of complaint to be written to the Police reminding them that they have not been paid and too request that they provide no more services till the 25k dept is paid.

Sidney is on a roll now.:aok:

Hi Sidney.
Gonnae do us a wee favour - stop referring to yourself in the third person. It's disconcerting, weird and frankly a tad creepy. The word "I" is much easier to use.
Cheers

[Bostonhibby]

:applause:

His enthusiasm is great though but i tend to :agree:

:agree: Bit of a shame really as we haven't had a real "enthusiast" since the late great Carl Macar.:greengrin

[poolman]

Take it I'm behind the curve on this point :greengrin


CWG gonna give you this for that one :take that :slipper:

[Haymaker]

Birch on SSN saying they cant sell shares yet.

Also said buyers dont need to fill a "gaping hole" in finances? Did I get that right?

[HibeeMG]

:agree: Bit of a shame really as we haven't had a real "enthusiast" since the late great Carl Macar.:greengrin

That's a spankingly good shout. :wink:

[JollyGreenGiant]

@jamiekborthwick: BDO says 3000 target almost met. Hearts fans given them "breathing space" to secure a buyer for Hearts.

@jamiekborthwick: Exact number of STs is 2801 as of right now.

[Gatecrasher]

@jamiekborthwick: BDO says 3000 target almost met. Hearts fans given them "breathing space" to secure a buyer for Hearts.

@jamiekborthwick: Exact number of STs is 2801 as of right now.

Just wait a wee while and Bajillions will be here witht he real number :greengrin

[Keith_M]

@jamiekborthwick: BDO says 3000 target almost met. Hearts fans given them "breathing space" to secure a buyer for Hearts.

@jamiekborthwick: Exact number of STs is 2801 as of right now.

Which may or may not be true. Unfortunately, truth is in short supply on the Dark Side of town.

[HibeeMG]

Which may or may not be true. Unfortunately, truth is in short supply on the Dark Side of town.

I suggest that BDO won't be economical with the truth when it comes to the number of ST's sold. I will suggest that there hasn't been 2801 full-priced adult ST's sold though.

[Thecat23]

Which may or may not be true. Unfortunately, truth is in short supply on the Dark Side of town.

I think this is true. The last mob lied but these guys in sorting it out have told it straight. They think Hearts will at least go to the end of the year he said on sky. That's without a buyer.

I think it's wishful thinking about liquidation now if I'm honest.

[SmithyHibee]

I suggest that BDO won't be economical with the truth when it comes to the number of ST's sold. I will suggest that there hasn't been 2801 full-priced adult ST's sold though.

And I bet a fair chunk of that 2800 will be reserved tickets, how many of them will actually be bought in the end?

[Cabbage East]

That's a spankingly good shout. :wink:

Can someone explain this to me please, I've seen loads of chat on here about spanking and I don't get it.

[#FromTheCapital]

@jamiekborthwick: BDO says 3000 target almost met. Hearts fans given them "breathing space" to secure a buyer for Hearts.

@jamiekborthwick: Exact number of STs is 2801 as of right now.

So they've sold 800 season tickets in a day :hmmm:

[Dunderhall]

@jamiekborthwick26s
"We continue to liaise with lawyers to ensure shares are including in sale of club, alongside Tynecastle"

Maybe plan B needed after all?

[Lucius Apuleius]

Keekaboo thinks so, as he always does about anyone referring to themselves in the third person


Oh and don't you mean 'cockwomble'? :greengrin

I do indeed sir, Lucius Apuleius thanks you.

[JeMeSouviens]

So they've sold 800 season tickets in a day :hmmm:

I think that figure includes ~500 that are reserved but not paid for as yet.

[Treadstone]

Birch on SSN saying they cant sell shares yet.

Also said buyers dont need to fill a "gaping hole" in finances? Did I get that right?

At last someone pointing out (excluding hibs.net) that it can't be sold as things stand. Birch talking about when UBIG go into admin and trying to sell the shares "that process will take some time...hopefully not as long as Portsmouth"

Pompey were in admin for 14 months.:thumbsup:

[HibeeMG]

It all sounds like the administrators think they've bought some time.

Time for what though?

At the end of the day, they need a sugar-daddy to come along to satisfy the Lithuanians. If they don't find one then the administrators/liquidators in Lithuania will go straight to selling off the assets.

[Craig_in_Prague]

Birch on SSN saying they cant sell shares yet.

Also said buyers dont need to fill a "gaping hole" in finances? Did I get that right?

Had to read that twice there lol

there's more holes in their finances than in a tramps sock.

[Dunderhall]

I think that figure includes ~500 that are reserved but not paid for as yet.
Are those the ones where anyone could phone up and reserve. :wink:

[Waxy]

If they're still in administration at the start of div one next season will they be deducted points again?

[Craig_in_Prague]

It all sounds like the administrators think they've bought some time.

Time for what though?
At the end of the day, they need a sugar-daddy to come along to satisfy the Lithuanians. If they don't find one then the administrators/liquidators in Lithuania will go straight to selling off the assets.

I can't see how Hearts can go through a long admin process. There is not the cash there to do that.

[JeMeSouviens]

Birch on SSN saying they cant sell shares yet.

Also said buyers dont need to fill a "gaping hole" in finances? Did I get that right?

Well, that's probably true if they're happy to continue with a squad that might not be good enough for Div1 let alone the SPL. :greengrin

[Phil D. Rolls]

Hi Sidney.
Gonnae do us a wee favour - stop referring to yourself in the third person. It's disconcerting, weird and frankly a tad creepy. The word "I" is much easier to use.
Cheers

WEE AIRDRIE JAMBO AGREES! :agree:

[Treadstone]

If they're still in administration at the start of div one next season will they be deducted points again?

Aye probably. SPL rules would suggest so, but not sure how new SPFL will take this going forward but surely similar rules.

[Viva_Palmeiras]

Hi Sidney.
Gonnae do us a wee favour - stop referring to yourself in the third person. It's disconcerting, weird and frankly a tad creepy. The word "I" is much easier to use.
Cheers

Is he Smeagol/Gollum in disguise?

[Part/Time Supporter]

I can't see how Hearts can go through a long admin process. There is not the cash there to do that.

That might be objectively their best choice of action if the UBIG shares cannot be secured for a sale process.


At last someone pointing out (excluding hibs.net) that it can't be sold as things stand. Birch talking about when UBIG go into admin and trying to sell the shares "that process will take some time...hopefully not as long as Portsmouth"

Pompey were in admin for 14 months.:thumbsup:

I think this ties together what we were talking about yesterday in respect of the Businesses For Sale advert stating that the "business and assets" were for sale, rather than the company. When BDO first went in their intention was obviously to sell the company via a CVA. They have been talking to the shareholders, out of whom UBIG is by far the most important.

Evidently they have not been able to agree that the shares should be sold, to date anyway. They have more recently put out the advert stating that the "business and assets" are for sale, because that is all they can guarantee that they can sell as at this point. I guess they will keep trying to secure the shares for sale because that would be more beneficial to the business and therefore could raise a greater price from buyers, but this may not be possible.

In a sense you have two contradictory standpoints from Lithuania here: on one hand, the liquidator of Ukio wants to get as much cash in as possible ASAP. On the other hand, the assets held by UBIG are frozen and subject to statutory investigations. It may be that the only way to reconcile these two positions is to go down the newco route.

Edit:

http://www.bbc.co.uk/sport/0/football/23167775?utm_source=twitterfeed&utm_medium=twitter

UBIG shares cannot be sold until UBIG goes into administration, according to Birch.

[jonty]

I hate to bring it up again but... :greengrin

Who actually has shares? I appreciate the great share fraud only involved 2-3% of the 'shares' (based on value of £50 million for club and raising £1 million) but surely these will need to be accounted for in some capacity, or will they just slide into a black hole?

[greengnome]

Jambo's are throwing a party over on brokeback.... BDO information has obviously eased all their worries!

It is interesting though that they still need to mention us Hibby's at every opportunity...! :confused:

[HUTCHYHIBBY]

HutchyHibby wonders how BDO will get their Administrators fee anytime soon? ;-)

[Pete]

Jambo's are throwing a party over on brokeback.... BDO information has obviously eased all their worries!

It is interesting though that they still need to mention us Hibby's at every opportunity...! :confused:

I'll have to stop reading that site as I can't take it any more. Its like watching a prisoner in solitary slowly go mad. They are repeating things again hoping that people will believe them.

The latest one is that all their "cheating" is a "hobo myth" and it's just hibs being bitter. It must also be a rangers myth, a celtic myth, an aberdeen myth, a dundee united myth and a st mirren myth as everyone else on planet earth can see it for what it was.

Hang on, we also cheated because we have a mortgage and made a £2.99 loss last season. Thats us all even. And we cant comment either because we cheated in 1990.

It's painful.

[Heisenberg]

Eilidh Barbour‏@EilidhBarbour
#Hearts (http://www.hibs.net/search?q=%23Hearts&src=hash) administrator Trevor Birch says the club is the victim and it would be unjust of the SFA to punish the victim any further

:fenlonNo chance they should get away without any further punishment.

[greengnome]

I'll have to stop reading that site as I can't take it any more. Its like watching a prisoner in solitary slowly go mad. They are repeating things again hoping that people will believe them.

The latest one is that all their "cheating" is a "hobo myth" and it's just hibs being bitter. It must also be a rangers myth, a celtic myth, an aberdeen myth, a dundee united myth and a st mirren myth as everyone else on planet earth can see it for what it was.

Hang on, we also cheated because we have a mortgage and made a £2.99 loss last season. Thats us all even. And we cant comment either because we cheated in 1990.

It's painful.


Aye, it's getting boring now right enough. And I don't think they actually grasp a wind up when they see one :greengrin
They know who they are.... :rolleyes:
GGTTH..... :pfgwa :flag:

[Andy74]

Eilidh Barbour‏@EilidhBarbour
#Hearts (http://www.hibs.net/search?q=%23Hearts&src=hash) administrator Trevor Birch says the club is the victim and it would be unjust of the SFA to punish the victim any further

:fenlonNo chance they should get away without any further punishment.

Best ignored. They will get whatever punishments are due whatever nonsense they come out with. Regardless of who made the decisions the club were responsible for those decisions and were the ones who benefited.

[Saorsa]

Eilidh Barbour‏@EilidhBarbour
#Hearts (http://www.hibs.net/search?q=%23Hearts&src=hash) administrator Trevor Birch says the club is the victim and it would be unjust of the SFA to punish the victim any further

:fenlonNo chance they should get away without any further punishment.Really, then he's an erse. I would think they've been the benefactors, the victims are the ones who are going tae get bumped out of the vast majority or probably all the money they are owed by that grubby despicable club.

[Waxy]

Eilidh Barbour‏@EilidhBarbour
#Hearts (http://www.hibs.net/search?q=%23Hearts&src=hash) administrator Trevor Birch says the club is the victim and it would be unjust of the SFA to punish the victim any further

:fenlonNo chance they should get away without any further punishment.Same type of crap we had to put up with last summer.

[LancashireHibby]

Really, then he's an erse. I would think they've been the benefactors, the victims are the ones who are going tae get bumped out of the vast majority or probably all the money they are owed by that grubby despicable club.
He's an administrator trying to find a buyer. Like it or not, he has to act in the best interests of his client (ie HMFC), even if it means telling a white lie that might attract more money in to the place, such as the numpties throwing season ticket money after bad.

[YehButNoBut]

BBC reporting that there are "three or four serious bidders" for Hearts but a swift takeover deal is unlikely.

http://www.bbc.co.uk/sport/0/football/23167775


The administrators at Hearts say there are "three or four serious bidders" for the financially troubled club.

But Trevor Birch from accountancy firm BDO refused to reveal an asking price and indicated that a swift takeover deal is unlikely.

Birch thinks nothing will be concluded before the issue with UBIG's shares is resolved in a Lithuanian court.

UBIG, who are claiming insolvency, were the former parent company of Hearts and own 50% of the shares at Tynecastle.

"Until UBIG are in administration there is not likely to be any movement with those shares," explained Birch.

"The dealings with the Lithuanians may be very quick. We just don't know.

"I'm just anticipating that it might be a prolonged process and we have to be ready for that."

[Twa Cairpets]

The only people who are seriously going to buy Hearts are "Hearts minded" individuals - there is no Tom Farmer (that we know of) ready to come to their rescue.

If a business man is looking for a toy to play with, then the club they should buy in Scotland would be Hibs. Similar size, but with much less baggage and much, much less outlay required to bring it up to a position of respectable challenging. Any non-Hearts man looking to buy a club is therefore immediately disqualified from having any valid business nous if they lob the cash at the muppets over by.

[greengnome]

The only people who are seriously going to buy Hearts are "Hearts minded" individuals - there is no Tom Farmer (that we know of) ready to come to their rescue.

If a business man is looking for a toy to play with, then the club they should buy in Scotland would be Hibs. Similar size, but with much less baggage and much, much less outlay required to bring it up to a position of respectable challenging. Any non-Hearts man looking to buy a club is therefore immediately disqualified from having any valid business nous if they lob the cash at the muppets over by.



:agree:

[greengnome]

BBC reporting that there are "three or four serious bidders" for Hearts but a swift takeover deal is unlikely.

http://www.bbc.co.uk/sport/0/football/23167775


The administrators at Hearts say there are "three or four serious bidders" for the financially troubled club.

But Trevor Birch from accountancy firm BDO refused to reveal an asking price and indicated that a swift takeover deal is unlikely.

Birch thinks nothing will be concluded before the issue with UBIG's shares is resolved in a Lithuanian court.

UBIG, who are claiming insolvency, were the former parent company of Hearts and own 50% of the shares at Tynecastle.

"Until UBIG are in administration there is not likely to be any movement with those shares," explained Birch.

"The dealings with the Lithuanians may be very quick. We just don't know.

"I'm just anticipating that it might be a prolonged process and we have to be ready for that."


3 or 4 serious (House)builders come to mind.... :greengrin

[Saorsa]

He's an administrator trying to find a buyer. Like it or not, he has to act in the best interests of his client (ie HMFC), even if it means telling a white lie that might attract more money in to the place, such as the numpties throwing season ticket money after bad.a white lie! :hilarious

[GreenCastle]

Is no one worried about the where abouts of Romanov ? :greengrin

[greengnome]

Is no one worried about the where abouts of Romanov ? :greengrin


Aye....The 'Liths.. :greengrin

[rcarter1]

Jambo's are throwing a party over on brokeback.... BDO information has obviously eased all their worries!

It is interesting though that they still need to mention us Hibby's at every opportunity...! :confused:

Strange, I'm not in my bed? This sorry mess seems to be hanging by a thread.

Friendly accommodating Lithuanians who are keen to wrap things up should ease Hearts into next season 'debt free', and out of administration.

Balshy, justice seeking Lithuanians desperate to squeeze cash would be more fun!

[CropleyisGod]

Um.... I was hoping this wouldn't cause a stir.

The paranoid me says he's a Yam Troll, on a mission to discredit me. I'd say that there are much easier ways of doing that. :greengrin

The rational me says that he is a disciple of the greatest left-peg I have ever seen in a Hibs shirt.:cb

Can't see how I was discrediting you... ;-) I am no troll just a lurker. You've got it right in the last stab in the dark... :not worth Be kind to me, the last time I posted (a couple of years ago) someone gave me kicking and I now assume it was a CWG hater who couldn't read :wink:

[Treadstone]

Surprised its not been mentioned before!

Treadstone like this.:top marks

[Spike Mandela]

Eilidh Barbour‏@EilidhBarbour
#Hearts (http://www.hibs.net/search?q=%23Hearts&src=hash) administrator Trevor Birch says the club is the victim and it would be unjust of the SFA to punish the victim any further

:fenlonNo chance they should get away without any further punishment.

Yeah, try telling that to the people they owe money to and the Chairmen of other clubs who they outbid for players in the 'splash the cash days'.

[Kato]

I'd like to ask Birch who victimised Hearts? In what way were they victim in any of this? Their fans, their ex-Chairman, their ex-Director's, a Peer of the Realm, an Edinburgh councilor and their more prominant ex-players all went along with bringing Romanov to the club. Whilst he was there he was met with very little dissent and what little there was was never cogently put forward and was shouted down by the majority as soon as it was heard. The victims arwe those who invested with good will in Romanov's bank and other club's who lost out during the period of financial doping, whilst Hearts and their supporter's revelled in being flash with money invested.

I know he has to appply spin to do his job but playing the 'victim card at this point is pathetic.

[jacomo]

HutchyHibby wonders how BDO will get their Administrators fee anytime soon? ;-)

Been done to death. BDO got involved purely because of their love for Hearts. Neither Jackson nor Birch will take a penny until the club has new custodians and all the debts are repaid - and then only reluctantly.

:wink:

[s.a.m]

I read here that Birch said today that they should make Christmas, as things stand BUT I CAN'T FIND IT!:grr::grr:

Accepting that the authorities can only act within the rules as they are written, BUT: surely someone at this point should be asking them if they want to revise their position on whether they will be able to see out the season?

[The Falcon]

Been done to death. BDO got involved purely because of their love for Hearts. Neither Jackson nor Birch will take a penny until the club has new custodians and all the debts are repaid - and then only reluctantly.

:wink:


And they have raised all this money and dont have to reimburse any of those annoying creditors who want paid.

[Keith_M]

And I bet a fair chunk of that 2800 will be reserved tickets, how many of them will actually be bought in the end?


I must have missed this so... what do you mean 'reserved tickets'?

[PatHead]

I must have missed this so... what do you mean 'reserved tickets'?

According to my resident work Jambo these are people who ordered tickets on finance in the period that Zebra started to refuse applications.

[Mellow Hibee]

I'd like to ask Birch who victimised Hearts? In what way were they victim in any of this? Their fans, their ex-Chairman, their ex-Director's, a Peer of the Realm, an Edinburgh councilor and their more prominant ex-players all went along with bringing Romanov to the club. Whilst he was there he was met with very little dissent and what little there was was never cogently put forward and was shouted down by the majority as soon as it was heard. The victims arwe those who invested with good will in Romanov's bank and other club's who lost out during the period of financial doping, whilst Hearts and their supporter's revelled in being flash with money invested.

I know he has to appply spin to do his job but playing the 'victim card at this point is pathetic.

:top marks

Very similar to the rangers case in that the clubs and fans seem to stone wall refuse to accept any blame.

[Keith_M]

I must have missed this so... what do you mean 'reserved tickets'?


According to my resident work Jambo these are people who ordered tickets on finance in the period that Zebra started to refuse applications.


Thanks

:thumbsup:

[Gus Fring]

I suggest that BDO won't be economical with the truth when it comes to the number of ST's sold. I will suggest that there hasn't been 2801 full-priced adult ST's sold though.


I think that figure includes ~500 that are reserved but not paid for as yet.

You don't even need me ;)

The number Jamie has is "accurate" but as mentioned, not all of them have actually been paid for yet as a few hundred are still pending due to being paid with credit card (I can't get that exact number unfortunately). Adult season tickets account for about ~1600 & more than half the overall total were done on Zebra finance.

[sidneyhibbie]

This BDO Mob are not to my liking they seem to be favouring the yams instead of looking after the creditors best interests:confused:

[Treadstone]

You don't even need me ;)



Aye we do. FoH having something tomorrow media wise, any ideas what it is ?