Share Transfers Agreed/Cooling off period

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Originally Posted by Sergey

I'm stuck on a crossword clue:

The chances of Heart of Midlothian finding happiness this week (4, 3)

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Très peu !

Back in San Diego today. Had Chicken Soltani in a Persian Restaurant called "Bandar". Was wondering if the little **** had published any more sheetcrap. FTH

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Originally Posted by Sergey

I'm stuck on a crossword clue:

The chances of Heart of Midlothian finding happiness this week (4, 3)

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None. Yes?

Any letters?


Sent from my iphone

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Originally Posted by Sergey

I'm stuck on a crossword clue:

The chances of Heart of Midlothian finding happiness this week (4, 3)

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Hope n Norfolk,

I can't seem to get it in the right order, balls it doesn't fit, I was never good at crosswords!! :confused:

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Originally Posted by greenginger

If UKIO take control of the PBS they should clear the site of all stands, pitch, infrastructure. This would not require planning permission of any sort and once any prospect of the place being used as a football stadium has gone, politicions will move on, and planners and developers can work on an acceptable scheme.

NewCo Yam will already have found a new venue, Murrayfield, Meadowbank, Saughton enclosure or who ever will share with them.

The idea that a vacant 6 acre site 1 mile from the city centre could never be developed because a corrupt football club who went bankrupt owing millions, once played there, is just a Yam fantasy.

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Future development of PBS


It all depends on who buys it. It FOH/Bidco get it, it will continue, probably with EDC connivance giving them safety certificates but eventually they will have to go into debt to fix the main stand up causing major financial problems and much gnashing of teeth from the natives about investment in the team.


If a developer intent on demolition buys it there are a number of ways he can go about development in the face of opposition. Developers are a scheming bunch don't forget! Here is one scenario
1 New owner Offers it to Bidco at et economic full repairing rent.
2. Bidco can't afford it and Yams move to Livi / Murrayfield.......
3. Owner says that the main stand is a death trap and needs to be demolished and removes the main stand.
4. Leaves grass to grow on unused pitch with only three sideswipe he prepares his development proposals
5. Meanwhile Yams start to claw their way up the leagues in their new home.
6. Developer along with Distiller who is adjoining owner submit joint application for comprehensive development of PBS , school and distillery with Aldi, sports facility, flats etc etc. Includes construction of all weather pitch at Saughton as a sop for loss of open space.
7. Yam Fans now resigned to new home with aspirations of a super stadium to be built west of Edinburgh.
6. EDC Planning Committee approve application after strong lobbying by distillers and owner of PBS and threats of appeal and court action. Yam councillors give tearful statements saying they have no option and what a sad day it is. 5-1 etc etc
7 Hibs win the Scottish Cup.

Totally believable scenario IMHO aIMHO a:drunk::drunk:

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Originally Posted by Mellow Hibee

I'm sure that BDO know what they're doing but I was under the impression that they can't create new creditors while in admin. The money from the SPFL isn't due yet and if they took it and then failed for whatever reason to complete the fixtures then surely that's what they've done.

What would happen if they borrowed it from a bank on the understanding that they would pay it back when they completed the season?

Is it the case that they'll have to structure it as some kind of gift from the SPFL?

Or that they'll have to describe it as selling the rights to recieve their part of the prize money?
(If that was the case then I guess the right to recieve the money would be an asset which they couldn't sell while in admin?)

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According to the Hootsmon this morning, £590,000 of the £690,000 has already been handed over! :rolleyes:

Clearly, no budgetary management lessons learned at the PBS yet.

Still, they must be really desperate now if they are begging for the final £100,000.

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Originally Posted by greenginger

If UKIO take control of the PBS they should clear the site of all stands, pitch, infrastructure. This would not require planning permission of any sort and once any prospect of the place being used as a football stadium has gone, politicions will move on, and planners and developers can work on an acceptable scheme.

NewCo Yam will already have found a new venue, Murrayfield, Meadowbank, Saughton enclosure or who ever will share with them.

The idea that a vacant 6 acre site 1 mile from the city centre could never be developed because a corrupt football club who went bankrupt owing millions, once played there, is just a Yam fantasy.

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Indeed. They could do what Arsenal did at Highbury and keep the pitch as a garden space and build flats/retail around it where the stands currently are!

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Originally Posted by Russian Hibs

Tonight I have just had dinner with a PR guy for the SNP ...he told me that there is no way will Edinburgh council give planning permission for tynecastle to be developed. This is too big a political issue and he is confident that the Budge proposal will succeed.
The delay is due to the Bank trying to get round this and it's the Bank v politics!
Wonder if anyone in the know can check this out as this guys seems quite certain that this will happen,,I hope he is wrong and this information is ****!

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Yam fantasy nonsense IMO

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Originally Posted by Eyrie

Could be interesting given that the Council was going to give Cala permission.

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Quite

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Originally Posted by weecounty hibby

So to gain the Jambo vote, say 30/40,000 in Edinburgh and a few more around the country they are willing to piss of every other teams supporters as well as all non football fans. I think not. Whatever you think of the SNP they are not stupid people. Also they are within touching distance of their ultimate goal and I doubt that they will do anything crazy like supporting the yams in any way shape or form

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Spot on.

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Originally Posted by Bostonhibby

On yackback the yam seem to think the £1.5m they say they will be donating every year (so long as the DD's don't decline) will not be subject to tax. Can any of our experts confirm if this is correct please - it doesn't seem right to treat income in this way, they are not a registered charity so not exempt - their charity record is not great - and its not clear the donation is a charitable one.

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It will be subject to tax and V.A.T. if it is deemed regular.

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Originally Posted by mim

Companies are taxed on profits, not income

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The are but donations increase income and therefore profits

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Originally Posted by CropleyWasGod

Pretty sure that the donations will be treated as repayment of the loan from AB. Therefore not taxable.
It's late though. ..I'll rethink it tomorrow.

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That could be the case it shares were either issued/transferred from Bidco in exchange or the "donations".

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Originally Posted by Sergey

I'm stuck on a crossword clue:

The chances of Heart of Midlothian finding happiness this week (4, 3)

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F??k All

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Originally Posted by PapillonVert

According to the Hootsmon this morning, £590,000 of the £690,000 has already been handed over! :rolleyes:

Clearly, no budgetary management lessons learned at the PBS yet.

Still, they must be really desperate now if they are begging for the final £100,000.

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Last throw of the dice !

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Originally Posted by Weststandwanab

Yam fantasy nonsense IMO

Quite


Spot on.

It will be subject to tax and V.A.T. if it is deemed regular.

The are but donations increase income and therefore profits

That could be the case it shares were either issued/transferred from Bidco in exchange or the "donations".

F??k All

Last throw of the dice !

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Is it really necessary to multi quote so many different posts? You do this on a regular basis and to be honest with you it's quite annoying.

Is £100k enough to see them through the remaining 5 fixtures?

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Originally Posted by PapillonVert

According to the Hootsmon this morning, £590,000 of the £690,000 has already been handed over! :rolleyes:

Clearly, no budgetary management lessons learned at the PBS yet.

Still, they must be really desperate now if they are begging for the final £100,000.

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Yet they didn't get rid of billy brown and assume still there picking up a wage .They keep wanting everyone else to bail them out .They could of sold more young players but didn't they know that the league will want them to complete fixtures and therefore help out it's emotional blackmail but this lot will stop at nothing .

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Originally Posted by Ronniekirk

Yet they didn't get rid of billy brown and assume still there picking up a wage .They keep wanting everyone else to bail them out .They could of sold more young players but didn't they know that the league will want them to complete fixtures and therefore help out it's emotional blackmail but this lot will stop at nothing .

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Billy 'Struggling' Brown is working for free now.

I'd agree with your points, presumably the guy on loan will be picking up some sort of fee/wage so that's another expense they could easily have done without. On today's news though, all they are left to receive from the league is £100,000. They must really be down to the last few pounds knowing what the club costs to run and how little a dent £100,000 would make on the whole.

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Originally Posted by Ronniekirk

Yet they didn't get rid of billy brown and assume still there picking up a wage .They keep wanting everyone else to bail them out .They could of sold more young players but didn't they know that the league will want them to complete fixtures and therefore help out it's emotional blackmail but this lot will stop at nothing .

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I think Broonie is working without a wage as of last week, when that was announced it made me wonder if the piggy bank was almost empty and it is !.

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Originally Posted by Ronniekirk

Yet they didn't get rid of billy brown and assume still there picking up a wage .They keep wanting everyone else to bail them out .They could of sold more young players but didn't they know that the league will want them to complete fixtures and therefore help out it's emotional blackmail but this lot will stop at nothing .

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There's a post over there about an upcoming U20 cup final tie and they are talking about cramming the team with all the regular first team players who are eligible. So much for their worries about burning out and putting too much pressure on the 'wee boys'. If they were so concerned about this you would have thought that the absence of pressure in their five remaining matches would allow them to rest a lot of them. The bottom line is of-course that their complaints were lies.

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Originally Posted by #FromTheCapital

Is it really necessary to multi quote so many different posts? You do this on a regular basis and to be honest with you it's quite annoying.

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:agree:

The administrator for the bank have to get the highest possible value from any assets they hold as security. If they believe for one minute that they can get more on the open market then they have to.


Despite what is being said about the land on the other site, it does have value. Housing sites in Edinburgh are being bought as the market returns. A builder I work for is looking at 3 sites in Edinburgh. With the discount to market they could achieve here any builder would be off their head not to look at it! Even at, say £5m the size of the site without the blast zone issues would be a money maker.


The HFC boys will be hoping that their pals at EDC would make it difficult to get planning but a determined builder would see that off.


This has a way to run.

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Originally Posted by Sergey

I'm stuck on a crossword clue:

The chances of Heart of Midlothian finding happiness this week (4, 3)

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F*** Off.

GGTTH

So Hearts receive £790k for finishing 12th
Of which £690k has already been paid out.
Leaves the puddle drinkers with 100k ?

They really are only left with enough money that would barely last a week ?

Dearie me. :greengrin

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Originally Posted by Www1875hfc

So Hearts receive £790k for finishing 12th
Of which £690k has already been paid out.
Leaves the puddle drinkers with 100k ?

They really are only left with enough money that would barely last a week ?

Dearie me. :greengrin

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Do we know that for sure? It doesn't count if it's in the papers :greengrin

We were working on the basis that the £535k footballing debt was to be paid from that. If it is the case then that's another big chunk they've got to find.

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Originally Posted by Jim44

There's a post over there about an upcoming U20 cup final tie and they are talking about cramming the team with all the regular first team players who are eligible. So much for their worries about burning out and putting too much pressure on the 'wee boys'. If they were so concerned about this you would have thought that the absence of pressure in their five remaining matches would allow them to rest a lot of them. The bottom line is of-course that their complaints were lies.

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Wonder if they will try and charge for fans last chance to see them win silverware for the next decade at least Wouldn't be surprised :wink:

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Originally Posted by Www1875hfc

So Hearts receive £790k for finishing 12th
Of which £690k has already been paid out.
Leaves the puddle drinkers with 100k ?

They really are only left with enough money that would barely last a week ?

Dearie me. :greengrin

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Certainly that £ 690 K explains the spending gap from the BDO interim report.

They only had £ 720 K in the kitty on 18/12/2013 and expenses averaging £95 K per week.

Sure they got a few quid from Swansea,League cup semi, Hibs and Celtic games at the PBS, but that was it .

Without that £ 720 K, they would have been out of cash in the middle of March.

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Originally Posted by #FromTheCapital

Is it really necessary to multi quote so many different posts? You do this on a regular basis and to be honest with you it's quite annoying.

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It doesn't annoy me, infact I prefer that to individually replying to half a dozen posts. Isn't that the purpose of the multiquote feature?

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Originally Posted by #FromTheCapital

Is it really necessary to multi quote so many different posts? You do this on a regular basis and to be honest with you it's quite annoying.

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:agree:

Irritates me too, please stop Weststandwanab, there surely isn't any need to respond to all those posts!!

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Originally Posted by SmashinGlass

As was Brockville...

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As was Broomfield
As was Muirton Park
etc.,

But the yams are special, don't you know.

After previous " misunderstandings " with HMRC , I take it BDO will be required to account for tax deductions, NI, and VAT on a monthly basis, so no huge quarterly bill lurking in some drawer.

Do the Yam players and staff still get paid mid-month ? Kinda miss the Tweets from the first poor sucker to try the cash machine and find out Santa had'nt been yet.

Them were the days ! :greengrin

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Originally Posted by StevieC

It doesn't annoy me, infact I prefer that to individually replying to half a dozen posts. Isn't that the purpose of the multiquote feature?

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The multiquote feature is fine, but when you're selecting numerous random posts and responding with short answers every time on a daily basis then it gets quite annoying. The point is there's no need at all to respond to all these posts!

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Originally Posted by StevieC

It doesn't annoy me, infact I prefer that to individually replying to half a dozen posts. Isn't that the purpose of the multiquote feature?

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:agree: Me too.

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Originally Posted by Bostonhibby

:aok:

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Okay, returning to this.

1. in the books of FOH, there is no profit. Donations received are paid out. There is no trading, either. Result... no Corporation Tax or VAT.

2. in Bidco's books, slightly more complicated. Bidco is putting up cash to fund the first few years. £2.5m for the club, £1m for initial working capital, and then "not less than" £1.4m for WC for each of the next two seasons. Total, at least, £6.3m.

That money will be either AB's personally, paid in either in the form of a loan or shares, or put up by a bank. However that part is structured, the payments from FOH will be repayments of that. Result, no CT or VAT.

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Originally Posted by Russian Hibs

Tonight I have just had dinner with a PR guy for the SNP ...he told me that there is no way will Edinburgh council give planning permission for tynecastle to be developed. This is too big a political issue and he is confident that the Budge proposal will succeed.
The delay is due to the Bank trying to get round this and it's the Bank v politics!
Wonder if anyone in the know can check this out as this guys seems quite certain that this will happen,,I hope he is wrong and this information is ****!

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If its "to big a political issue"then it would be a"mother of political issue"to explain to normal(non hearts fans)taxpaying/voters why you would do such a thing.
Its pretty clear the sports hacks in this country don't have a clue and are very bias towards the hearts cause.Can you imagine a proper political/mainstream journalist getting his teeth into this.
Forget the council,do you think the SNP as a party would risk this?
threatening another European government