Share Transfers Agreed/Cooling off period

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Originally Posted by boab1875

Looks like the Yams have gotten away with it again. How many times are they going to do this? It's absolutely disgraceful.

As for the people who have been talking absolute p*sh about frozen shares etc and guaranteeing that they would be liquidated, just f*** off eh. I have sat back and watched this thread for months now and I have been hoping that ****my club would get buried but not for a second did I believe anyone could predict or knew what would happen. I don't think anyone believed that drivel in the first place and I question where this information came from given the events of today.

Just accept that they are the establishment club and this was always going to happen. Alex f***ing Salmond intervened, does that not tell you everything about the lengths they are willing to go to to cheat their way to survival. They are an absolute disgrace of a club and have will no doubt have no remorse for the stealing and cheating they have done. What happens to the money they owe to lesser creditors and small businesses now? were they part of the CVA? I don't think so. and they won't care, such is the yam mentality.

Cheated their way to winning 2 cups, cheated charities and small businesses out of borrowed money, cheated their way to survival. Does it come as a surprise? not to me it doesn't.

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Get a grip man. Their pain is only beginning. They will never be the same again.

If anyone has a problem with my info then please use the quote function to show me where I was wrong.

It had an air of inevitability about it. Meanwhile they'll be stuck in the Championship for a couple of years and turn out like Dundee. Anyone getting too worked up about it needs to log out for a couple of days and chill out, I'm still going to enjoy the pain of them not being able to buy themselves promotion. If only there was a way for Hearts and Rangers to fail to get promoted next year :greengrin

They haven't got away with it all..far from it!

They are still skint and will be for a long time. Direct debits or not wont help them get anywhere near half decent players.

The Direct debits are still a risk - if people stop paying then what is plan B ?

The whole of UK football and outside have seen the media stories about the club - it has been made a laughing stock and many now know its the club with no shame.

Debt free ? No they just owe a new debt to someone else more local! Still owing others for years to come!

Fan ownership? No Budge is in control. There is still a risk with this strategy.

Stadium costs solved? No that is still a massive outgoing and needs to be rectified - how? Not even the yams know but it will need dealt with sooner rather than later.

Relegation - even if they don't admit it..it hurts.. and won't sink in for while - wait till next season when these new stadiums aren't as exciting as first thought. Add to the fact the league will be very hard to get promoted first time and they will be paying SPFL prices for worse quality football.

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Originally Posted by keekaboo

Mikey, any chance of an update to the thread title?


How about 'BBC Report Shares Transferred / Wrist Slitters out in force' :wink:

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:agree:

Look what Happened to Portsmouth, they got taken over by the fans and thought that they were out of the woods but they've kept dropping down the divisions. That could happen to hearts?

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Originally Posted by bingo70

Theyve not 'got away with it' in my book.

If the only punishment you were happy with was liquidation then you were being greedy imo.

They still have debt to pay back to budge.

Theyve still got a crumbling stadium so will need to get a mortgage to replace the main stand.

They have been relegated

The rangers in championship next season so wont get automatic promotion.

They have already got a threadbare squad with players likely to leave.

Theyll have to build new squad on reduced income.

Theyll have to start living within their means for the first time in 30 years.

Liquidation would have been nice and the cherry on top but imo this is in no way the end of their troubles.

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That's how I see it bud.

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Originally Posted by boab1875

you really believe this do you, really??? anyone who thinks they have not gotten away with it needs a reality check. not read anything about the hurdle of frozen shares anywhere else but here, and as I said before, I never believed it.

They will hopefully rot in division 1 for 4-5 years as Tynecastle continues to crumble away like the piece of **** it is. But make no mistake, getting away with £30million+ debt and only having to repay a fraction of this is cheating and will be seen as a victory by that lot across the city.

They are out of the woods as far as survival is concerned, but they will have numerous other problems to confront in the next few years which is pleasing. As frustrated as I am I would still never trade their position for ours in a million years.

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we may be in the same boat come the end of the season without having spent 30Mil + or won tainted cups, if we join them in the lower league we will struggle as we never really competed with their team this season. only difference is our facilities.

so I do think they have got away with it, and they have, there is no promise they will spend years in the lower leagues,

all we can do now is concentrate on dragging our team over the finish line to try keep our position in the top flight of Scottish football

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Originally Posted by davhibby

Look what Happened to Portsmouth, they got taken over by the fans and thought that they were out of the woods but they've kept dropping down the divisions. That could happen to hearts?

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I would imagine it will happen to the Schcumbos.

The direct debit fools need to now, somehow, fund the first team and youth teams and training facilities. That's a LOT of £.

Players contracts won't be as delightful either.

They'll struggle alright.

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Originally Posted by tamig

That's how I see it bud.

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as I said we may join them so how does that work, we get the same punishment?

People physically peeing their yfronts in here today.What would this place go like if the SPFL decided to scrap relegation this year and the council announce a new 20000 seat rugby stadium was to be built this summer.
This vote was expected.they still have massive problems.

Jackson on SSN says it's another hurdle cleared. That's 2 out of 3 as per CWG's checklist.

Now we wait for the cooling off period to pass and find out just how frozen these shares are..............

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Originally Posted by jakeshibs

we may be in the same boat come the end of the season without having spent 30Mil + or won tainted cups, if we join them in the lower league we will struggle as we never really competed with their team this season. only difference is our facilities.

so I do think they have got away with it, and they have, there is no promise they will spend years in the lower leagues,

All we can do now is concentrate on dragging our team over the finish line to try keep our position in the top flight of Scottish football

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Guff. We didn't win every game, but to say we didn't compete this season is simply untrue. Dont give them credit for something that didn't happen.

As for the rest of the post, the rotund female has belted out a tune yet.

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Originally Posted by Mikey

Jackson on SSN says it's another hurdle cleared. That's 2 out of 3 as per CWG's checklist.

Now we wait for the cooling off period to pass and find out just how frozen these shares are..............

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We could also wait for a journalist to ask that particular question.

However................... :rolleyes:

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Originally Posted by jakeshibs

we may be in the same boat come the end of the season without having spent 30Mil + or won tainted cups, if we join them in the lower league we will struggle as we never really competed with their team this season. only difference is our facilities.

so I do think they have got away with it, and they have, there is no promise they will spend years in the lower leagues,

all we can do now is concentrate on dragging our team over the finish line to try keep our position in the top flight of Scottish football

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Which is, was and always should have been the sole focus anyway.

A wee reminder that the court case for Portsmouth's frozen shares took 5 months and several delays. And they remain frozen to this day.........

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A court date was set and pushed back several times from the end of last year to a hearing finally taking place this month.

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Perhaps someone would be kind enough to explain why there would be a difference with the Hearts shares :wink:


http://www.accountancyage.com/aa/new...-portsmouth-fc

And at what meeting was this CVA given the all clear?

Have I missed something. Sounds a bit dodgy to me and a blatant attempt to rally the yam hordes to fill up Tyinie :greengrin

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Originally Posted by One Day Soon

Which is, was and always should have been the sole focus anyway.

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I thought it was Petrie's fault. Or Butcher. Or Malpas. Or Fenlon. Or the players.

But it's this thread that's to blame all along :greengrin

It's just one of the many topics that people want to talk about :wink:

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Originally Posted by Mikey

A wee reminder that the court case for Portsmouth's frozen shares took 5 months and several delays. And they remain frozen to this day.........



Perhaps someone would be kind enough to explain why there would be a difference with the Hearts shares :wink:


http://www.accountancyage.com/aa/new...-portsmouth-fc

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Hope yer right Mikey, that would be one in their eye.

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Originally Posted by Coco Bryce

And at what meeting was this CVA given the all clear?

Have I missed something. Sounds a bit dodgy to me and a blatant attempt to rally the yam hordes to fill up Tyinie :greengrin

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The CVA was approved by the UKIO administrator in November, subject to the shares being approved for transfer. That approval has now been granted so, by my understanding, that means that the CVA has now been formally approved by UKIO.

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Originally Posted by portycabbage

"What do we want?!"
"PROCRASTINATION!"
"When do we want it?!"
"NEXT WEEK!"

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:top marks

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Originally Posted by One Day Soon

Which is, was and always should have been the sole focus anyway.

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I'm able to focus on our season AND the mess our rivals are in.

This thread has been a been a brilliant laugh and will continue to have the yams raging until the whole sorry affair is done and dusted.

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Originally Posted by greenpaper55

Hope yer right Mikey, that would be one in their eye.

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I just don't see why the Hearts shares would be treated any differently. No-one has been able to come up with a reason why they would.

So in theory they have to be unfrozen by the Lith courts once the cooling off period has ended.

Time will tell I guess.

http://vz.lt/?PublicationId=a8d93ef1...=powerlinklist

Agricultural Bank creditors committee today approved the proposal for the amount agreed to abandon rights to claim Scottish football club Hearts of assets, including shares in the company `s managing the mortgage, the bank shall notify the trustee.

the outpouring of joy and emotion from media sources on twitter etc. is just cringeworthy. All people with very very short memorys.

Don't know why people keep saying they haven't got away with it and that they will struggle. They will still have a bigger budget than every team in Scotland bar about 5 or 6 teams. Everyone seems to be pinning their hopes on the direct debits drying up, but I am not so sure they will. They get compared with Portsmouth but that's a completely different situation. Most of Scottish teams budget comes from the fans, hearts have a large fan base so they will be fine IMO.

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Originally Posted by HFCDaveA

Don't know why people keep saying they haven't got away with it and that they will struggle. They will still have a bigger budget than every team in Scotland bar about 5 or 6 teams. Everyone seems to be pinning their hopes on the direct debits drying up, but I am not so sure they will. They get compared with Portsmouth but that's a completely different situation. Most of Scottish teams budget comes from the fans, hearts have a large fan base so they will be fine IMO.

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How so?

A lot of people getting a tad upset on here. Why?? If they do come out of all this with there CVA, playing in the championship, reality will kick in I would say, christmas, when they are paying direct debits, as well as a season ticket to watch poor players in a league they won't win. Despite all there whooping and hollering they know it..... Let's see them buy there way out of that one with nae money.

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Originally Posted by Mikey

I thought it was Petrie's fault. Or Butcher. Or Malpas. Or Fenlon. Or the players.

But it's this thread that's to blame all along :greengrin

It's just one of the many topics that people want to talk about :wink:

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You missed out Salmond from that list..........typical #adminpricks

We should obviously be capable of talking about more than one subject at a time. What worries me is the amount of emotional investment into the demise of the Yams that this thread has given vent to. It is a bit like, in fact I think it is exactly the same as, the Anyone But England view that emerges around World Cups and European Championships. The mentality seems to be that we are guff so let's get our kicks instead by hoping that someone else is catastrophically bad. I'd be a lot more comfortable gloating over the imminent wilderness years of the Yams if I felt we were on an improving track with a clear plan.

The outpouring of angst about them not being liquidated seems to me like transference of emotional pain from our being pi5h to them being ended, but choked off by a last minute reprieve for them.

They are paying a price and they are going to pay that price for some time to come. Ultimately though a fairly run, non financially doped Hearts is an asset to the SPL and good for Edinburgh football in the long term. Romanov and his regime put poison in the Edinburgh football waters and the quicker we get back to a less hate filled rivalry the better.

Our job, Terry's job, is to make us into a tough, winning mentality club so that we can justly claim to be top dogs in the capital for football, Scottish Cup winners and one of Scotland's best sides. To me, everything else is secondary.

Hearts have escaped a quick death. Now they will go through a long a painful one and we will still be watching it over the coming years.

These are the same cheating people who will be encouraged to think they can continue in their ways unpunished. Yet another punishment will arise from their own demands and the inability of their owners to satisfy them. Their insanity has not reached it's peak and they will devour themselves from the inside. They have jumped from the frying pan into the fire. In failing to be judged by others, they will now be judged by themselves, and who could be more brutal judges than deluded and angry jambos.