Share Transfers Agreed/Cooling off period

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Originally Posted by Bajillions

If BDO start selling season tickets now, they will be leaving the buyer without a major source of revenue. I've mentioned in the past that The FOH business plan relies on those season ticket sales.

There's the added issue of selling cheap season tickets for the Championship in March will be seen as an admission of defeat by fans. If the people running the club don't have faith, then why should they?

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because they are without doubt the thickest set of fans on planet earth :greengrin

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Originally Posted by jimmyboco#1

Phew!!! Glad that Inch Hibs clown has eventually shut up!

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I should have took CWGs lead and bailed out two hours ago.

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Originally Posted by jimmyboco#1

Phew!!! Glad that Inch Hibs clown has eventually shut up!

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You've said what we are all thinking lol

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Originally Posted by Deansy

Has the investigation actually started ?. When they were frozen, initially, didn't the spokesman say it could be several years before they find out the total-amount of what was going on ?. Plus - surely they have to catch/find/unearth Vlad for his side of things (Stay safe, sweet prince !!) before concluding ??.

Either way - '4-6 weeks' I reckon is actually the amount of time 'All-is' has left - as other 'papers' have swallowed his guff there's gonna be lots of purple-in-the-face editors on the phone to EEN sports-desk come 3/4 March !!

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I think as there were warrants issued for Vlads arrest, it's probably underway to some extent. I should imagine that police will be trying to get other parties to cooperate in his absence. I should imagine that other parties are being advised by their lawyers not to cooperate. From there the police will be trying to gather further evidence against them.

This is all supposition but my sense of it is that this will proceed far slower than the timeframe required by Hearts.

I think you're probably right that 4-6 weeks is more likely the time Hearts have left to close the deal or they are gone.

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Originally Posted by Inch Hibs

Players wages and that's it?

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Historic football debts.

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Originally Posted by jimmyboco#1

Phew!!! Glad that Inch Hibs clown has eventually shut up!

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He's only asking questions. Debate is good. Don't want to end up like the yams where if you don't toe the #allisbarry line you are forced of the board.

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Originally Posted by jimmyboco#1

Phew!!! Glad that Inch Hibs clown has eventually shut up!

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Bit harsh. The guy made some good points tbf.

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Originally Posted by jimmyboco#1

Phew!!! Glad that Inch Hibs clown has eventually shut up!

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Hiding to nothing on here with that type of comment me thinks. ;-)

The smell of undercover Yammery is about....

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Originally Posted by One Day Soon

The smell of undercover Yammery is about....

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Indeed.

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Originally Posted by One Day Soon

The smell of undercover Yammery is about....

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Question anything hearts related against the grain on here and get called a "yam" off a couple of half wits. Well I never :)

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Originally Posted by Inch Hibs

Question anything hearts related against the grain on here and get called a "yam" off a couple of half wits. Well I never :)

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I think it was a more general comment. Not directed at person in particular. Your adding fuel to the fire with this post bud!! Don't bite

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Originally Posted by Ozyhibby

He's only asking questions. Debate is good. Don't want to end up like the yams where if you don't toe the #allisbarry line you are forced of the board.

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Spot on mate.

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Originally Posted by Ozyhibby

He's only asking questions. Debate is good. Don't want to end up like the yams where if you don't toe the #allisbarry line you are forced of the board.

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Debate is good, agreed. Saying that there isn't any evidence they could liquidate doesn't have the makings of a very good debate though. They are in Administration after all, and their admins are telling everyone there's a finite amount of money left. There's a clue that they might right there.

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Originally Posted by CyberSauzee

And they wonder why their sales are falling.

Not surprising with an Addams Family extra as a deputy editor.

https://twitter.com/EuanMc

Forget the hyberbole Euan, just remember to check Baz's facts.

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I actually know Euan as our kids are friends, he's a really nice bloke, will have to inform him that his colleague's picture is in the dictionary next to the word "clueless" though.

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Originally Posted by Inch Hibs

Question anything hearts related against the grain on here and get called a "yam" off a couple of half wits. Well I never :)

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You're a sensitive soul.

I didn't specifically call you out as a Yam, you just put that label on yourself.

FoH Question.

I never venture on to their site so not sure if it's answered there. What are their plans for a board?

I can imagine the KB crew of the boy craigie, .lawson, the Attenboroughs and co champing at the bit to oversee corporate governance.

They are alleged to be ready to roll but who will be running the show - if, indeed, it ever comes to pass?

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Originally Posted by tamig

FoH Question.

I never venture on to their site so not sure if it's answered there. What are their plans for a board?

I can imagine the KB crew of the boy craigie, .lawson, the Attenboroughs and co champing at the bit to oversee corporate governance.

They are alleged to be ready to roll but who will be running the show - if, indeed, it ever comes to pass?

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It has been lots of fun for months and months now, its great right now and even if they get control and out of admin, you do sense the fun aint over.

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Originally Posted by tamig

FoH Question.

I never venture on to their site so not sure if it's answered there. What are their plans for a board?

I can imagine the KB crew of the boy craigie, .lawson, the Attenboroughs and co champing at the bit to oversee corporate governance.

They are alleged to be ready to roll but who will be running the show - if, indeed, it ever comes to pass?

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I think that's a more valid question since ford and Mackie jumped ship the other month.

Pretty sure they were going to be key members of the board

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Originally Posted by Inch Hibs

Last seasons season tickets has lasted this far so im pretty sure next seasons won't just last until the end of the season.

They won't have money no, they will be Humpty in the first with a squad diluted and miles behind rangers with a possible points deduction but liquidation?

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I think I've quoted the wrong post here, but I believe you previously said there was no evidence of them being at risk of liquidation. I counter you by suggesting the evidence is staring you in the face. They are currently subject to an insolvency event (admin). That's all the evidence you need that they're in danger of going into liquidation.

Take it from me, having worked in the insolvency profession for 12 years, I saw many an admin in that time and only ever witnessed 1 cva. They don't happen often and the vast vast majority of admins end in a newco with subsequent liquidation. Look what happened to the currant buns for evidence of that scenario.

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Originally Posted by tamig

FoH Question.

I never venture on to their site so not sure if it's answered there. What are their plans for a board?

I can imagine the KB crew of the boy craigie, .lawson, the Attenboroughs and co champing at the bit to oversee corporate governance.

They are alleged to be ready to roll but who will be running the show - if, indeed, it ever comes to pass?

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That is my preferred outcome, seeing Hearts run by a set of pompous, self-regarding Uber-Trumpets. Step Up, FoH.

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Originally Posted by Kato

That is my preferred outcome, seeing Hearts run by a set of pompous, self-regarding Uber-Trumpets. Step Up, FoH.

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Well IM MP has stated he'll quit when it all goes through. More internal posturing and carnage awaits.

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Originally Posted by Kato

That is my preferred outcome, seeing Hearts run by a set of pompous, self-regarding Uber-Trumpets. Step Up, FoH.

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For me the only good thing to come of this is that they won't or shouldn't be able to spend thousands and thousands per week they don't have on players wages.

ST money etc will be it (plus prize money) will be what they will have to work with.

Still would prefer them deid.

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Originally Posted by SmashinGlass

I think I've quoted the wrong post here, but I believe you previously said there was no evidence of them being at risk of liquidation. I counter you by suggesting the evidence is staring you in the face. They are currently subject to an insolvency event (admin). That's all the evidence you need that they're in danger of going into liquidation.

Take it from me, having worked in the insolvency profession for 12 years, I saw many an admin in that time and only ever witnessed 1 cva. They don't happen often and the vast vast majority of admins end in a newco with subsequent liquidation. Look what happened to the currant buns for evidence of that scenario.

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Just to add to this, The administrators are duty-bound to maintain the club as a going concern, if they can't do that they will have no choice but to liquidate. Using next year's income to finance this year's operations is strong evidence that they are not a going concern.

The money from season tickets sold last year has lasted this far, but by their own admission it is now running out. If that happens before they can exit administration BDO's options are very limited.

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Originally Posted by Inch Hibs

If that money can last until March they then sell season tickets/bake cakes to raise more no?

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Other guys have replied to other posts you've raised but you have to realise that BDO aren't keeping them afloat on what they raised in ST sales alone. There is still a dependency on other income - mainly walk ups - to see them through. They've got a bonus with the semi but the walk up numbers haven't been great. This will all put a strain on BDO steering them successfully through admin. Can you still not see that liquidation is a real possibility?

Does anyone know by what date they need to be out of admin to avoid another points deduction next season?

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Originally Posted by Deek9

Does anyone know by what date they need to be out of admin to avoid another points deduction next season?

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I don't think anyone knows it for sure. Sometime between the last game of this season and the first game of next season is about the best answer you'll get :greengrin

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Originally Posted by tamig

Well IM MP has stated he'll quit when it all goes through. More internal posturing and carnage awaits.

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Without a doubt I'd say.
Latest (still draft docs) have both Bidco and FoH board as sharing control over the Hearts board appointments.
FoH directors these days have 5 different fan groups involved with a history of bickering and self serving.

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Originally Posted by Deek9

Does anyone know by what date they need to be out of admin to avoid another points deduction next season?

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No definitive date. My feeling, as with many others here, is that if they do not exit admin prior to the end of this season, they won't be around to start next season. In that case, it's largely a moot point

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Originally Posted by Inch Hibs

Question anything hearts related against the grain on here and get called a "yam" off a couple of half wits. Well I never :)

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Wouldn't worry about, I kind of agree with you. They certainly are not close to liquidation and the folk on here giving people grief about having another point of view are as bad as the yams who don't realise their club will never be as it was!