Share Transfers Agreed/Cooling off period

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Originally Posted by Inch Hibs

BDO is on a fixed price fee.

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How much?

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Originally Posted by Mikey

Och, ye wee lambs.

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I'm a lamb with thick skin Michael :)

Beg my pardon if they aren't on a fixed fee chaps.

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Originally Posted by Mikey

No they're not.

Seeing as you're back, why not pay attention this time :wink:

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No problem mate. Thanks for letting me stay ;)

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Originally Posted by hibs0666

No it is not, that is a yam fantasy.

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There's a lot of that about since Banderson's article. "Coming out of admin" being just one of them.

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Originally Posted by EK_Hibs

I see

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So why do you think that they are unlikely to be liquidated at this stage considering they have been at this stage for quite some time??

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Originally Posted by Aldo

So why do you think that they are unlikely to be liquidated at this stage considering they have been at this stage for quite some time??

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See my response to CropleyWasGod on page 1243

I do still have my fingers crossed for liquidation...but I just can't see it

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Originally Posted by EK_Hibs

See my response to CropleyWasGod on page 1243 I do still have my fingers crossed for liquidation...but I just can't see it

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Cannot find it as on iPad and pages are all different. If you cannot be bothered it's ok. Thanks anyway

Liquidation is my preferred option

Originally Posted by CropleyWasGod:
1. they run out of money before the CVA is completed.
2. they have money, but the Lithuanian Courts refuse to unblock the sale of the shares.
3. FOH/their backers refuse to meet the alleged purchase price for the UBIG shares.

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Originally Posted by EK_Hibs

1) No chance, BDO would just get the begging bowl out again and start selling Season Tickets (for the Championship).
2) Possibly, this is the one remaining 'liquidation hope' from where I'm sitting.
3) Unless their backers are untrustworthy charlatans like Craig Whyte then I highly doubt this one unfortunately.

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Originally Posted by EK_Hibs

Originally Posted by CropleyWasGod: 1. they run out of money before the CVA is completed. 2. they have money, but the Lithuanian Courts refuse to unblock the sale of the shares. 3. FOH/their backers refuse to meet the alleged purchase price for the UBIG shares.

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Thanks. Doesn't change their situation which is still the same.
With shares being frozen and with no time scale on their release there will come a time when BDO must make that decision on wether to pull the plug.

Had a wee look at Kickback to have a laugh at them enjoying getting in to positive points. They have a thread over there about the One In, One Out and this post stood out

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Originally Posted by JJ'S BARMY ARMY

Don't know about restriction of trade however I'm sure the SFA / SPFL are breaching some kind of employment laws, with regard to restricting a company from being able to employ. I could be wrong but hasn't this type of thing been won I a court before ? Where it was deemed illegal for another organisation or company to restrict or tell a company who it can and cannot employ. There are exceptions to that where an employe signs a confidential clause saying he/she cannot work for another competitor in the same industry for a set period of time but this is not in football or sporting contracts that type of thing is used mainly in electronics or computing type industries.

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There all very dense over there aren't they? Nobody is stopping Hearts from employing new staff. The embargo is on them registering that person as a player. Hearts are free to employ Skacel as a janitor if they want, he just can't play football in a competitive match.

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Originally Posted by EK_Hibs

1) No chance, BDO would just get the begging bowl out again and start selling Season Tickets (for the Championship).
2) Possibly, this is the one remaining 'liquidation hope' from where I'm sitting.
3) Unless their backers are untrustworthy charlatans like Craig Whyte then I highly doubt this one unfortunately.

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Sniff, sniff?

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Originally Posted by jgl07

Sniff, sniff?

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Why sniff sniff?

Explain to me please what he's saying that wouldn't happen and why he's a Jambo because he asked?

History tells us the admin will beg to stay alive, it also tells us they are jammy welts.

Just accept other hibees have a different opinion from the hopefully thinking they will go into liquadation. A **** I would give not if they did but them being relegated, squirming for players to play in the semi of the, yes wait for it....WEE CUP (not so wee anymore ya Jambo tramps) and everything else that comes with it is most satisfying without turning on fellow fans for having the opinion they won't completely die. IMO.

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Originally Posted by Bajillions

Had a wee look at Kickback to have a laugh at them enjoying getting in to positive points. They have a thread over there about the One In, One Out and this post stood out



There all very dense over there aren't they? Nobody is stopping Hearts from employing new staff. The embargo is on them registering that person as a player. Hearts are free to employ Skacel as a janitor if they want, he just can't play football in a competitive match.

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They completely ignore the fact that the SPFL....and all other leagues worldwide....are sporting organisations with rules and regulations. When a clubs join these organisations, they agree to abide by the rules and regulations which these organisations and its members have drawn up.

Ye cannae just pick and choose which rules you want to follow. You sign up to follow ALL of them.

Suck it up ya cheating bill dodging mongrels :yw:

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Originally Posted by EK_Hibs

1) No chance, BDO would just get the begging bowl out again and start selling Season Tickets (for the Championship).
2) Possibly, this is the one remaining 'liquidation hope' from where I'm sitting.
3) Unless their backers are untrustworthy charlatans like Craig Whyte then I highly doubt this one unfortunately.

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BDO selling Season tickets is their very last resort. The FOH are reliant on that income to keep them afloat next season. Using that money to keep the club afloat now would seriously hinder BDO's ability to sell the club as a going concern.

Additionally, selling tickets for the Championship before it's a mathematical certainty would be a massive PR disaster. If the club and it's administrators are admitting defeat then why would the fans keep them going? Direct Debits would take a nosedive and attendances would drop.

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Originally Posted by EK_Hibs

See my response to CropleyWasGod on page 1243

I do still have my fingers crossed for liquidation...but I just can't see it

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I think it could still happen.

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Originally Posted by Bajillions

BDO selling Season tickets is their very last resort. The FOH are reliant on that income to keep them afloat next season. Using that money to keep the club afloat now would seriously hinder BDO's ability to sell the club as a going concern.

Additionally, selling tickets for the Championship before it's a mathematical certainty would be a massive PR disaster. If the club and it's administrators are admitting defeat then why would the fans keep them going? Direct Debits would take a nosedive and attendances would drop.

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. Spot on as usual.

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Originally Posted by EK_Hibs

How on earth am I on the wind up?

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It's an opinion based on what, how and when you post on this website.

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Originally Posted by Inch Hibs

First rule of the "yams Financial Meltdown" thread - don't question the party line :agree:

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There is no "party line" on here, as far as I can see.

There is plenty of debate, which is normally based on facts, experience and opinion, both informed and otherwise. It's that debate which makes this thread, for me, particularly fascinating.

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Originally Posted by inglisavhibs

It's an opinion based on what, how and when you post on this website.

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:blah: :yawn:

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Originally Posted by Bajillions

BDO selling Season tickets is their very last resort. The FOH are reliant on that income to keep them afloat next season. Using that money to keep the club afloat now would seriously hinder BDO's ability to sell the club as a going concern.

Additionally, selling tickets for the Championship before it's a mathematical certainty would be a massive PR disaster. If the club and it's administrators are admitting defeat then why would the fans keep them going? Direct Debits would take a nosedive and attendances would drop.

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Add on top the potential for season ticket sales being restricted to cash or cheques again.

Who is going to replace Zebra as a fan's monthly finance option?
There was a decent period when BDO were selling season tickets last year when it was cash or cheque only.
The card suppliers weren't prepared to take the risk that should they go under that they wouldn't be hit by those paying by cards claiming the money back via chargeback schemes for debit cards and under section 75 cover for credit cards.
Did the convincers from BDO include selling next years tickets in March as well because the well has run dry?

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Originally Posted by Dunderhall

Who is going to replace Zebra as a fan's monthly finance option?

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That's a pertinent question and one that affects us as well as Hearts. Zebra Finance went into Administration themselves last year and were bought by another company. It's unclear whether they will continue to offer the credit facility to fans/clubs.

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Originally Posted by CropleyWasGod

There is no "party line" on here, as far as I can see.

There is plenty of debate, which is normally based on facts, experience and opinion, both informed and otherwise. It's that debate which makes this thread, for me, particularly fascinating.

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Agreed big time mate, for this reason though, you must agree that people who dont dare to tow the party line being called"yams" is pathetic?

:greengrin

Mikey is calling us "wee lambs" (sorry mate) I would say the poor wee lambs are the posters who cannae handle others opinions without caling them a jambo.

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Originally Posted by Inch Hibs

Agreed big time mate, for this reason though, you must agree that people who dont dare to tow the party line being called"yams" is pathetic?

:greengrin

Mikey is calling us "wee lambs" (sorry mate) I would say the poor wee lambs are the posters who cannae handle others opinions without caling them a jambo.

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So you agree...then go on the make the same claim :rolleyes:

Opinions are just that..but when fact shows that its not possible to continue to hold a particular opinion... but individuals continue to offer the self same opinion then you are either daft or at the wind up.....

Even setting the price for next seasons tickets is tying FoH's hands.

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Originally Posted by Bajillions

BDO selling Season tickets is their very last resort. The FOH are reliant on that income to keep them afloat next season. Using that money to keep the club afloat now would seriously hinder BDO's ability to sell the club as a going concern.

Additionally, selling tickets for the Championship before it's a mathematical certainty would be a massive PR disaster. If the club and it's administrators are admitting defeat then why would the fans keep them going? Direct Debits would take a nosedive and attendances would drop.

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But if it was a choice between running out of money and having to liquidate the famous or selling next seasons season tickets, what would bdo do?

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Originally Posted by lord bunberry

But if it was a choice between running out of money and having to liquidate the famous or selling next seasons season tickets, what would bdo do?

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By no no means an expert but I reckon BDO would have to sell ST's if it prevented liquidation, the biggest problem in doing this would be that FoH may lose it's main backers, as I'm sure this money along with the shares on the stadium are their guarantee!

Shoot me if I'm wrong!

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Originally Posted by Inch Hibs

Agreed big time mate, for this reason though, you must agree that people who dont dare to tow the party line being called"yams" is pathetic?

:greengrin

Mikey is calling us "wee lambs" (sorry mate) I would say the poor wee lambs are the posters who cannae handle others opinions without caling them a jambo.

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I'm not on this thread to get involved in squabbling.

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Originally Posted by Inch Hibs

Agreed big time mate, for this reason though, you must agree that people who dont dare to tow the party line being called"yams" is pathetic?

:greengrin

Mikey is calling us "wee lambs" (sorry mate) I would say the poor wee lambs are the posters who cannae handle others opinions without caling them a jambo.

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I agree.

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Originally Posted by lord bunberry

But if it was a choice between running out of money and having to liquidate the famous or selling next seasons season tickets, what would bdo do?

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Whatever protects their position.

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Originally Posted by davcar

By no no means an expert but I reckon BDO would have to sell ST's if it prevented liquidation, the biggest problem in doing this would be that FoH may lose it's main backers, as I'm sure this money along with the shares on the stadium are their guarantee!

Shoot me if I'm wrong!

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No shots required.

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Originally Posted by EK_Hibs

Originally Posted by CropleyWasGod:
1. they run out of money before the CVA is completed.
2. they have money, but the Lithuanian Courts refuse to unblock the sale of the shares.
3. FOH/their backers refuse to meet the alleged purchase price for the UBIG shares.

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Attachment 11856

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Originally Posted by davcar

By no no means an expert but I reckon BDO would have to sell ST's if it prevented liquidation, the biggest problem in doing this would be that FoH may lose it's main backers, as I'm sure this money along with the shares on the stadium are their guarantee!

Shoot me if I'm wrong!

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If they lose their backers, there is no going concern, and they have to liquidate.

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Originally Posted by davcar

By no no means an expert but I reckon BDO would have to sell ST's if it prevented liquidation, the biggest problem in doing this would be that FoH may lose it's main backers

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FoH need the ST money for their business plan to succeed, if the ST money is used this season it means that FoH is not a financially viable option and BDO lose their preferred bidder.
In short ..
spend season ticket money = FoH business plan burst = liquidation
run out of money = no funds = liquidation

I think that the more likely route would be to get FoH to use the DD money to find the club till the CVA is finally completed. This will require FoH to be pretty confident that the CVA can be completed and that they can convince those paying DD's to allow the funds to be used in this way.
Personally, despite it being a change to the terms of the DD, I don't foresee the Hearts support blocking FoH to use the funds as a last ditch attempt to save the club.