Quote:
Originally Posted by Rawr.rar
You got that bit right ya rocket :jamboclowQuote:
Originally Posted by jamie hamill
Printable View
Quote:
Originally Posted by Rawr.rar
You got that bit right ya rocket :jamboclowQuote:
Originally Posted by jamie hamill
Can HMFC be separated from Tiny without liquidation? Could Ukio's liquidator take the ground and HMFC's administrator sell the rest of the club (player registrations, SPL/SFA shares, etc) to the FoH?Quote:
Originally Posted by desantos0773
Was one of the jakeys Robbo?Quote:
Originally Posted by davym7062
This fight over admins is very encouraging. It shows that the Lithuanians aren't going to just take whatever the FoH can cobble together from bake sales.
Just a thought, and given his dad was a sneaky git (understatement i know) but perhaps young mercer is sniffing about at the carve up options - he runs an investement/development portfolio after all (ok it was his dad's) and maybe he wants to have first dibs on *********** (footbal stadium) for redevelopment!
:greengrin
We are getting them all now. Charlie Mann
http://sport.stv.tv/football/clubs/h...thing-special/
Don't make a difference, if a pig is born in a racehorse stable it's still a pig.Quote:
Originally Posted by Bajillions
Originally Posted by jamie hamill:
"This is going to be the biggest challenge of my career."
Wasn't a challenge picking up your pound of flesh. You and your ilk were complicit in the whole mess. Nae sympathy. Suck it up, fatboy.
too late for that :cbQuote:
Originally Posted by CropleyWasGod
He is actually selling the business or the properties, can't remember which one, he is Hearts daft but not sure if he's that daftQuote:
Originally Posted by Platinum Scotty
:faf:Quote:
Originally Posted by Hiberlin
:greengrin Old German saying, normally used the other way round but inverted quite fitting in this case.Quote:
Originally Posted by FranckSuzy
To save on postage, the strips are going to be sent out with the share certificates, pretty shrewd really.
Always liked the Italian saying "If my uncle had three balls he would have been a pinball machine"Quote:
Originally Posted by Hiberlin
And if you didn't buy a strip you dinny get a certificate and your shares are worthless ...... Oh wait they're worthless anyway!Quote:
Originally Posted by SunshineOnLeith
Have these maroon-tinted media welts learned nothing from what happened to Rangers?
All the crying about 'Big Club', 'proud history', 'too big to go down', 'irreparable damage to Scottish football' blah blah blah done absolutely bugger all to save Rangers and from a commercial point of view and historical point of view, there was a much clearer argument (if indeed the word clear can be applied) for saving them (not that they deserved any special treatment or saving either I hasten to add!).
You only have your collective selves to blame for your apathy, inaction and arrogance. Bend over and suck it up! :aok:
Don't ask me why, I just fancied seeing what their position would be with accepting money from fans...............outcome below from the PR Manager.
My online query stated that my son and his pals had raised funds for an animal charity by selling stuff on Ebay but now wanted to donate given the 'dark days' etc
From: Clare Cowan
Hi Davie
Thanks for your email
On our website there is a “click here to donate button”, which may be easier than writing / posting a cheque.
Many thanks in advance for your donation.
Your support is appreciated.
Kind regards
Clare
Tick tock:wink:
IM: Today is the Club's darkest day....
Journo: But the papers ain't signed...
IM: Emmm. Today will be a bit overcast with some storm clouds forming
But Wednesday, Wednesday will be the darkest day
Robbo: What about the golf medal followed by cake bake?
IM: Crap - Thursday, yes, THURSDAY will be the Club's darkest day
Journo: Will that be darker than when the club is liquidized?
IM: Good point. The day the club is liquidatized, liquiditied, liqu- the they the club is fffffffd will be the Clubs darkest day.
Journo: But will it be darker...
IM: OK I'm a bad person, yeah real bad. Look just give us yer ffffffing money now.
No I don't know what we're gonna do with it none of us have a scooby - the darkness makes it complicated but Barry is dealing with it ok? Robbo - where's the Whisky decanter? .... No! That too!!!!
I've got to say the photoshopping on the avatar is first class. Never even knew Vlad smoked.:aok:
It's not photoshopped :wink:Quote:
Originally Posted by Treadstone
Thought he was an anti smoking vegetarian like all good dictators :greengrinQuote:
Originally Posted by Treadstone
The amount of seethe on their "bitterness" thread.
:faf:
:na na:
While I am all for having fun at the expense of the yams, we should remember that there are ordinary people working there for them. While I have no sympathy for the team or support, I do empathise with the ordinary admin staff and the like, having been made redundant a few times in my life. these folk won't necessary be yam supporters, when they get made redundant they will have to apply to the DWP for the outstanding wages due to them by HoMFC, this isn't always paid quickly leading to bank charges and the like for unpaid direct debits etc and like most admin staff they will be barely above minimum wages.
Just saying we should understand their plight at this time, fek the team and support but lay off the admin staff, I knew a Hibbie that used to work for them, cause it was the only job she could get at the time. You never know there might be a Hibee working there doing a ****ty admin job with the prospect of them not getting their wages next week.
http://translate.googleusercontent.c...VPff776afWViYA
Lith. media not at all confident of any progress. :greengrin
I believe HMFC have put this proposition to the SPL in the form of a ground change. The bidder could line up a buyer for Tynie and include the funds from the sale in the bid. Buy the whole club notify the SPL or a ground change. Rent a new ground and hand over Tynie to the buyer.Quote:
Originally Posted by JeMeSouviens
Vladimir Romanov Vladimir Romanov Vladimir Romanov Vladimir Romanov Vladimir Romanov Vladimir Romanov
:greengrin:greengrin:thumbsup:
If only anyone knew of a supermarket that had (very recently) shelved their plans for a supermarket in the Chesser area.Quote:
Originally Posted by desantos0773
Perhaps with a view to picking up a tastier opportunity 1.5 miles nearer the city centre?
http://www.scotsman.com/edinburgh-ev...-out-1-2965233
Source: the EEN. AllisBarry
But would still need money to pay off tax man and run the club next season. So they need about £6m. £2m for Hearts, £2m for tax debts and £2m to run club next season.Quote:
Originally Posted by desantos0773
All we hear is [clap,clap]
Vladimir's goo-goo [clap,clap]
Vladimir's ga-ga [clap,clap]
All we hear is [clap,clap]
Vladimir's goo-goo [clap,clap]
Vladimir's ga-ga [clap,clap]
Vladimir what's new?
vladimir Hibees all love you!
Should we not have heard who the administrator is by now?
Would the tax debt not disappear when Administration is confirmed? I thought hector was out the picture and the Lith's had 1st dibs on any monies generated from a sale?Quote:
Originally Posted by desantos0773
Tomorrow, according to desantos post earlier on.Quote:
Originally Posted by EH6 Hibby
http://www.hibs.net/showthread.php?2...=1#post3646343
I'll never have to hear that way doon in gorgie song ever again.(because it will be a branch of morrisons or the like)
Oh how i hate that song.That's for starters
Cant think of any cons just now.
... on now.
http://www.bbc.co.uk/sport/0/scotland/17325775
Who else do they owe money to, anyone know.
Perhaps we could create a list. :greengrin
http://local.stv.tv/edinburgh/magazi...dministration/
In the grander scheme of this, it seems a paltry amount. Just £17,416 and 80 pence. But the significance shouldn’t be overlooked.
The figure is the exact amount that remains unpaid to the Scottish Police Authority by Hearts FC for policing their last four home games at Tynecastle. Alongside the mountain of debt owed to Ukio and UBIG, thought to be in the region of £23m to £25m, it is inconsequential in itself. But when the arm wrestling over who gets to be Administrator for the club finally ends, it will beg the question, how many more debts like this will they find? That is the warning Foundation of Hearts, through the increasingly impressive chairman Ian Murray MP, have been issuing to supporters while calling for patience as they seek to conduct due diligence.
They are, of course, concerned about what they might find when they go through the club’s books. Are there any unexpected (and unwanted) surprises to come? Mr Murray told a public meeting of 300 Hearts fans on Friday night: “We’ve only got what anybody else has. We’ve only got what is in the public domain and what people are telling us.
“In terms of due diligence, it would have to be done. That due diligence isn’t going to be quick. “To be honest, we’re worried about opening some drawers – and worried about what we might see in them. There is a long, long process to go before any transfer of ownership happens. “But certainly, if we get a bid on the table, that’s the biggest hurdle.”
And their caution may be well placed.
In a statement to STV Local, commanders at Police Scotland confirmed that the club was in debt to the Scottish Police Authority - the organisation responsible for the finances of the force - and they would expect to be working with the administrator with regards to any future policing requirements. A Police Scotland spokesman said: “As at June 18, 2013, Heart of Midlothian FC went into administration owing the Scottish Police Authority £17,416.80. “This effectively covers the contribution to the policing costs of the club's last four home games of the season. “The matter is now in the hands of the administrator and we will liaise with the administrator as appropriate."
The fact that the club had no role in Europe means there is no outstanding debt with their official travel partner TMG Sport.
Some of their other commercial friends, only too well aware of the precarious state of the club, have had the nous to call on payment up front before agreeing to offer their services. However, while bigger companies may be looking out their invoices to see what is owed to them, it’s the smaller businesses that sit in the shadow of Tynecastle that are also concerned about the future.
Khalid Mohammed has owned a newsagents on Gorgie Road for around 30 years and, while Hearts may be in the early days of administration, he is concerned what it may mean for him if it continues down the path towards liquidation. The 52-year-old said: “We depend on it. It will become a ghost town. It brings in a lot of trade when there’s local games on. “If they were to be liquidated, that would kill the whole of Gorgie Road I reckon. Things are hard in enough at the moment – we are struggling as it is. If less people were to come into the area, it would devastate a lot of shops on Gorgie Road.”
Not too far away is Colin Nicoll in his butcher shop. Colin started the business only seven months ago and already knows the impact it could have if Hearts were unable to find a way out of their current predicament. "Gorgie Road will die a death without Tynecastle," he said. "Most of my customers are Hearts supporters. We sell a lot of pies on match days to guys going to the football. We get a couple of hundred extra each match day - it adds up to nearly £1000 extra every month. "We will just have to wait and see what happens just like everyone else."
For Callum Anderson, owner of the Dickens pub, his passion for Hearts would see him take the many fans that frequent his pub on match days to wherever the Jambos were playing if they had to leave Tynecastle. Callum, who said he would arrange buses for fans if they had to travel elsewhere, said: "There will be the same amount of Hearts fans that will go to the games."It's not important what happens to my business, it's what happens to Hearts that's important."
All fans and businesses alike can do is play the waiting game to see what the future holds for the 139-year-old club.
But those eager to set about constructing a bid will have to wait on the administrator drawing up a full list of creditors to see the true extent of the damage.
I could see this working for them. They would probably need to rip up season tickets however would generate a proportion of operating costs from that plus other revenue streams to easily reach £2m, it's the £4m up front that they may struggle with.Quote:
Originally Posted by desantos0773
However would tax debts not be wiped out because of admin and is the name of the club worth £2m on its own?
It's brilliant; "we are the big team, we are the big team" clearly they have small penisesQuote:
Originally Posted by Hibercelona
:lolyam:
Just had a read whilst sat on the train. They really do not get it at all. It's not bitterness, it's vindication.Quote:
Originally Posted by Hibercelona
This "5-1" crap is the same as Lance Armstrong saying "Well I won 7 tour de frances in a row". Both parties are now facing their comeuppance.
To reduce the tax bill they need a CVA an agreement from all creditors. Liquidation would see the secured creditors paid first leaving HMRC at bottom of the queue but also mean HMFC were wound up and a newco applying for div 3 which I think is the mostly likely outcome.Quote:
Originally Posted by DaveF
Yes that was from the press association. They need to get the finger out before HMRC winds them up!Quote:
Originally Posted by DaveF
Right, I didn't think HMRC had any vote on a CVA but you are saying they do?Quote:
Originally Posted by desantos0773
If so, then I assume they will be very unlikely to accept a pence in the £ deal?
Was told yesterday "Campbell Hart KPMG appointed today"
DS, or anyone with commerical property valuation experience, any idea what the PBS would go for on the open market?Quote:
Originally Posted by desantos0773
I recall the pie man was about to sell it for £19-20m? Obvoisly the value collapsed after 2008. Last night over a pint wih Sergey he mused at it being worth about £11m, I went higher at £15m.
Anyone any ideas?
If your going to keep speaking dirty like this Im going to have to close my blinds. :agree:Quote:
Originally Posted by desantos0773
Just listening to the Roasters on Sports sound - unbelievable - tune in now
It would be an credit between creditors and a sliding scale of payouts.Quote:
Originally Posted by DaveF
Gordon Chrees' report on STV was a disgrace "Under Wallace Mercer they were a model of financial prudence..." Eh naw they were not. Sold to pieman with a £4m debt.
between 12 and 14 million in todays market I believeQuote:
Originally Posted by CyberSauzee
FOH guy on sportsound saying they have tens of THOUSAND pound pledges!!!
That wouldn't buy you a decent motor
Plums:fenlon:fenlon
The guy that was just on is a genius.Quote:
Originally Posted by bathhibby
'looking back, nothing was invested'.
Yeah. We said at the time.
'We shouldn't be making deals we can't sustain'
yeah....
'I can't say how much money we've raised'
I can. £0.00p.
Who's going to initiate the inaugural hibs.net "Vladimir Romanov Statue" thread? :greengrin
I am told he is just a PR guru for KPMG, and not an Administrator?Quote:
Originally Posted by TQM
Stole this beauty from some Hibby trolling a Hearts clip on Youtube a few months ago. I apologize if this has been posted before.
Way down in Gorgie, where the tramps sing the Sash
They're crapping themselves cos they've run out of cash
The biscuit tin's empty, they're down to the bone
And not even Wonga will give them a loan
Debts, debts mountains of debts
The bailiffs are chapping the door
The new Gorgie Tescos is going up soon
There'll be not a trace of the boys in maroon
I'm sure there was one on 'the other side'.Quote:
Originally Posted by The Story So Far...
Should probably just continue that, to avoid confusion.
I will raise you the fan who said "we need the right man with the right money who is willing to spend"Quote:
Originally Posted by hibbytam
No sh** sherlock.
Or the one was asked 'who't to blame', and answered 'football'.Quote:
Originally Posted by Treadstone
Genius! :thumbsup:Quote:
Originally Posted by Monopolyguy
Is that the sound of Hearts going bust or fireworks going off?
I'll raise you a fatty Robbo - "its not Romanov's fault its Scottish Football's"Quote:
Originally Posted by hibbytam
:faf:Quote:
Originally Posted by hibbytam
Agree with the FOH there though regarding Scottish football.
The governance of the league must demand full future business models for teams, budgets and projections. This forces better planning and better long term for the health of the scottish game. German league follows this process and is being adopted in other European leagues
Blobbo says Swynecastle valued at £5.6m :faf:
The way thy're talking on Sportsound you'd think all fitba' teams are run the same way as that lot, what a bunch of muppets
I wish we could bypass the "Scottish football is doomed if Hearts die", "It would be catastrophic for Scottish Football if Hearts die", "All the other clubs will die with Hearts" stage of the media's "analysis" of the Hearts situation.
It was done to death last year and doesn't have any basis on reality or any bearing on the final outcome of the insolvency process.
Only the unsecured creditors vote in a CVAQuote:
Originally Posted by desantos0773
Quote:
Originally Posted by CropleyWasGod
Does a creditor part secured like Ukio Bankas seem to be ( owed £15 million and having £6.8 million of it secured ) not get a vote for the unsecured part of the debt ?
Quote:
Originally Posted by vince1973
Another yam business model posted over the road..... Makes you wonder how they went T**s up in the first place? :rolleyes:
(That's it....Dinnae like him, withdraw the pledges lads!!!!)
robbo made a good point, (about fan ownership)the fans could hold the club to ransom if they don't agree with certain aspects like who the coach is etc.. and could withdraw their pledges at any point
Told by whom ??Quote:
Originally Posted by TQM
Aye, but under the SPL rules you would have needed an 11-1 majority to vote for such regulation to be imposed. I can't imagine that Hearts (and possibly one or two others with shaky finances) would ever have voted for that.Quote:
Originally Posted by kevin80
Quote:
Originally Posted by CropleyWasGod
The financial guru is back...in some strange way i feel that if it were not for CWG, CG, GG, PTS, Sergey and a few other notables whose names elude me at the moment, then this beautiful story might never have happened.
on behalf of all . netters....'We Salute You!'....your indefatigability in providing us with a true picture of what has been happening at the PBS against a backdrop of lazy journalism, lying directors and deluded supporters make you all lifetime Hibs legends in my eyes.
Vlad 'invested' some £50K in 7 or so cows during Edinburgh's CowParade (2006). None of them were the fat bint hanging her sheets oot in Wheatfield street.
Here: http://www.edinphoto.org.uk/10/12_ed...cow_parade.htm
I am reliably informed that the side with no strips have recently been trying to hawk these to certain other notable Edinburgh Institutions for around a grand.
Be aware: Bovine spongiform encephalopathy. It's not gone yet!
Il second that. Many thanks to all mentioned. As someone who really doesn't have a clue about financial matters, the insight you guys have provided has given me and many others an understanding of how grave their situation really is :not worthQuote:
Originally Posted by fat freddy
Of course HMRC have a vote.Quote:
Originally Posted by DaveF
Who do you think torpedoed Rangers' CVA?
Attachment 10339Quote:
Originally Posted by The Story So Far...
this? :thumbsup:
yeah i agree 100%Quote:
Originally Posted by Part/Time Supporter
hopefully with SPFL this should be brought in, why on earth not. Games on it's arse, needs a change. Would like to think Hibs would prosper under these conditions it would certainly get fans expectations under control and get them supporting the team on the park every saturday rather than second guessing the club.
**** the Hearts though!!!
Quote:
Originally Posted by fat freddy
:aok:......... Agreed!
The difference with Hearts is that HMRC's percentage of the debt is unlikely to be high enough for them to block a cva if the administrator can come to an agreement with his Lithuanian opposite number.Quote:
Originally Posted by jgl07
Between the two administrators, who is the one more likely to (1) liquidate Hearts and (2) sell Tynecastle Stadium?
It may be posted elsewhere, just catching up, but heard that Rod Petrie has made 70 pledges and Albert Kidd 45. Good on them I say :greengrin
http://img.tapatalk.com/d/13/06/19/2amezaju.jpg
Happy days hearts going bust
Shuuuperb!!!:thumbsup:Quote:
Originally Posted by Chris.igoe
Never trust a Campbell. We need good Jacobite administrators on the job.Quote:
Originally Posted by Zondervan
Quote:
Originally Posted by ballengeich
Also, will all the Yam non-share holders also be considered as creditors.
If they renage on the season tickets for 2013-14, that will generate another 6,000 creditors.Quote:
Originally Posted by greenginger
Very very unlikely. Admins will be responsible for leccy once they take over and will take readings. Invoices up to that date will go in the pot marked "whistle".Quote:
Originally Posted by GloryGlory
Say they get a utility bill in the next few weeks how will they pay it if they've no income coming in? Pressumably if they can't the administrators will need to liquidate them?Quote:
Originally Posted by Kaiser1962
Attachment 10340
Is it Too Late to organise one of these plaque / tile thingys...
Maybe even Just Something To Honour Vladimir Romanov .. ANY IDEAS FOLKS ??
Quote:
Originally Posted by Chris.igoe
:aok::aok::top marks:aok::aok:
Quote:
Originally Posted by mca
In Vlad we trusted?
Vladimir Romanov A Hibs Legend (Sort of)
Vladimir... The man who broke their Hearts
On that note,how are the administrators going to get their money if there aint any in the club just now.They wont do the job for nothing???Quote:
Originally Posted by Kaiser1962
From the buyer. Same as any other insolvency, for the reason you pointed out.Quote:
Originally Posted by weonlywon6-2
'Vladamir Romanov'. Heartbreaker extraordinaire and honorary Hibee.Quote:
Originally Posted by mca
Lets hope no one buys them then so they have to sell parts of the club!!Quote:
Originally Posted by Part/Time Supporter
They get paid at the end when they have sold everything. Taking a slice. Duff & phelps took £2.5 million of a £5.6 million takeover. Very lucrative!Quote:
Originally Posted by weonlywon6-2
First ever post from Drumlanrig, couldn't resist it anymore!
This thread has just made me so happy....blub blub!
Never thought that it could be like this...... sniff, sniff blub !
On train to Cheltenham and gonna celebrate with a large dram on arrival ... I'm overcome by emulsion!!
Wot dram should I have??
I love this from Radio Scotland tonight so I ripped and you will too :)
https://soundcloud.com/rosscarnie/hearts
Its in regards to PBS and goes on to say later in the program that its valued at 5.5m as a stadium and 6m as land
Full prog is here
http://www.bbc.co.uk/podcasts/series/scotfoot
I burst out laughing when he said that. The FoH guy was presenting himself as a financial expert but came over as a complete and utter trumpet. He says FoH are the only option left. On the basis of his performance tonight I do hope so!! Under FoH it will be Hearts 2013 FC playing Lowland League home games at Creamery Park, Bathgate.Quote:
Originally Posted by kevin80
Attachment 10341
Get your ideas in folks.... :greengrin
Between him on Sportsound and Ian Murray MP on the Hootsman webchat the Yams should be cacking it. Its like the Keystone Cops let loose on t'internet.:greengrinQuote:
Originally Posted by Paisley Hibby
The company in admin has protection from creditors. Thats the whole point.Quote:
Originally Posted by bingo70