Although, once the attendee is in situ, their role is a fairly passive one. :duck:
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7 days till the creditors meeting.
Chances of a delay being announced this week?
Seems the DD pledges are starting to drop off, over on keekback they were asking if everyone had received a letter from FOH about the 2 prominent deserters. 7600 emails sent a drop of 400 in a month wondered why the EEN were not proclaiming their 100 percent DD success rate . Is that only the second months collection ?
How much did they raise from the bounce game they played the other night?
My source has just been on the phone. Strap yersels in cause he's got some tissue worthy news for us and them. This is a good one for all you who think they are "getting away with it"
Money's getting tight again. I was under the impression all would be fine on that front but apparently it's taken a quite dramatic drop recently. The Wolfsburg game was "a complete waste of time and effort" as it cost them a fair whack apparently. The fall in income is why Hearts have out their half season tickets on sale already. I didn't know they'd done that until I went looking on their site, here's the info. The news is to "expect some offers in the future for walk ups".
Relegation is being planned for. They genuinely thought they'd be doing a lot better than they currently are. This has lead to doubts over the FOH business model going forward as it's going to take a lot longer to pay back the money they are borrowing. Attendances will drop further as will almost every other source of revenue. Rangers will likely be in the championship next season as well so a quick promotion isn't guaranteed. Expect a true firesale of players in January to raise funds and reduce costs even further if BDO are still in charge.
It's thought that this is why Mackie and Ford stepped down from the FOH board. Apparently there is a lot of deliberate ignorance ("fingers in ears stuff") when it comes to discussions of a Plan B amongst those who are left. They are adamant their plan will work and that the whole thing will go without a hitch. Ford and Mackie are reasonably well respected within the Hearts (and larger) community so they both decided it would be better to step down because, well, the most likely outcome can best be illustrated with the following smiley :******:
On the subject of liquidation and CVA's. They realistically expect that to be accepted. That's all BDO are really worried about. The quicker they get the pinless grenade handed over to the FOH the better.
So will hearts survive in their current guise? Probably, but to quote my source "Hearts are not a viable business just now" and they aren't likely to be for a few years at least, all signs point to this getting worse.
PS. When I was looking for their half season ticket news I found this and genuinely nearly spat my tea oot. Makes it pretty clear how much spin is put on these things.
http://www.heartsfc.co.uk/articles/2...241384_3510635
The bit that gets me is that they expect to be signing all these superstars on exit from administration. From timelines quoted on here it's highly unlikely they will be out of admin by the start of the next transfer window. Now, whatever we say about them, they do appear to have some saleable playing assets, so surely if BDO are doing theoir job to save this sinking ship they will be selling players, not buying them? Or am I missing something?
E K_Hibs. You obviously don't do irony in your neck of the woods. I'll try to keep it simple from now on.
The CVA based on the unworkable, crazy FOH 'business plan' quickly became my own preferred option, as it has the creeping vines of its own messy destruction twisting through it, and leaves them unable to blame anybody but each other. I was looking forward to sitting back and watching a biblical Jambo civil war of epic proportions, as the ship slowly sank into liquidation. Please make it so.
Sadly, I still feel that it isn't going to go that way as there are too many Lith obstacles in the road and that a long, lingering admin followed by an explosive liquidation is the most likely option.
But they'll still get away with it blah blah blah...
I wholeheartedly concur, Roberto san - way too many LT legal roundabouts to navigate before they hit clear road, exacerbated by the fact that the Lithuanian prosecutors are actually doing what's best for the Lith's, Lat's & Est's.
They are facing a smooth ride for relegation, though.
Internal combustion of FoH is going to be 'box-office' viewing and watching poor Yam fritter his cash to a lost cause is going to be comical to the extreme.
I must learn to control my tumescence in my nether regions, as I'm rock hard at the moment!
They seem 99% certain the cva will be accepted. What is the feeling on here? Yes/No??
Yes, and with Fenlon no longer around to provide the bromide, it could get very messy.
Looking forward to the (next) 'deadline' for the CVA passing, which we will then be assured wasn't really a deadline at all...
Hope yes (incredible sport with this one), think no.