Share Transfers Agreed/Cooling off period

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Originally Posted by Andy74

For a football cub we are in a fantastic financial position. The last couple of years of profit and loss hasn't been great but we have no overdraft, we have a completed infrastructure and significant land assets. Our debt is manageable and long term. We are worlds away from administration!

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And we have season tickets sales way ahead of last season and, iirc, we have beaten last seasons total already, off the back of a cup final (big cup) and a European fixture to look forward to. We had a bad year or two but are on the up.

I recall Rangers fans spouting similar stories last year about Celtic, until they released their financials showing massive turnover increases, no debt whatsoever, cash at bank etc etc.

Bitter yams trying to deflect from the catastrophe at tynecastle and real threat of extinction.

Another myth, perpetuated by the Jambo at the BBC .............

How many fans do Hearts have?

Last season their average attendance in the SPL was 13,163

Creative accountancy? Count all their season ticket holders as present, just like their big brothers in Glasgow?

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Originally Posted by Part/Time Supporter

£7M in long term mortgage debt and £1M in a soft loan from Farmer via the holding company.

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And give it 3 or 4 years and players like Hanlon, Harris, Forster, Handling, Caldwell, Stanton etc could easily be sellable assets worth several million in transfer fees

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Originally Posted by Jonnyboy

Another myth, perpetuated by the Jambo at the BBC .............

How many fans do Hearts have?

Last season their average attendance in the SPL was 13,163

Creative accountancy? Count all their season ticket holders as present, just like their big brothers in Glasgow?

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...............and that was with cut price tickets from £5 for an adult and begging fans to fill the ground every week

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Originally Posted by Jonnyboy

Another myth, perpetuated by the Jambo at the BBC .............

How many fans do Hearts have?

Last season their average attendance in the SPL was 13,163

Creative accountancy? Count all their season ticket holders as present, just like their big brothers in Glasgow?

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They seem to have the idea that they'll be selling out game after game next season, despite the fact that their season ticket sales are lower than they have been in a long time.

It's amazing how statistics can say one thing and they always seem to think the exact opposite.

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Originally Posted by macca70

Absolute clowns across the road.

They seem to think that admin and 15 point deduction is it, the process will see them debt free and they all live happily ever after with a new owner.

They don't seem to understand that Admin and 15 point deduction is only the very very beginning of a painful, long drawn out process that anyone with half a brain cell can see that it's not going to have a nice ending for them.

The list of who they owe money to must be longer than Nade's McDonalds order.

All we know of is:

UBIG £25 million
HMRC, substantial amount
Cooncil, unkown fairly hefty debt
L&B Police £20k
Players and Staff's outstanding wages
There will be a long list of smaller suppliers that have also been bumped

Surely these all have to be cleared or satisfied in the form of a CVA for them to come out of Admin.

How do they possibly conceive that this is going to happen?

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I cant remember if this has been asked but if there is to be a list of creditors will that only be published if theres a CVA and more importantly will it include those who bought shares and season tickets?

Oh please say yes yes yes yes!

stv news, 19/06/2013.....Hearts fans quoted saying "every hearts home game will be sold out next season"

.....we shall see!! one would seriously doubt it!!!

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Originally Posted by Hibernia Na Eir

stv news, 19/06/2013.....Hearts fans quoted saying "every hearts home game will be sold out next season"

.....we shall see!! one would seriously doubt it!!!

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No chance. Especially after a few heavy defeats early in the season. Even the diehards will stop turning up.

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Originally Posted by Hibernia Na Eir

stv news, 19/06/2013.....Hearts fans quoted saying "every hearts home game will be sold out next season"

.....we shall see!! one would seriously doubt it!!!

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Aye, ground sharing with Spartans maybe!:na na:

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Originally Posted by Hibercelona

They seem to have the idea that they'll be selling out game after game next season, despite the fact that their season ticket sales are lower than they have been in a long time.

It's amazing how statistics can say one thing and they always seem to think the exact opposite.

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:agree:

Mass hypnosis at work here methinks

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Originally Posted by Hibernia Na Eir

stv news, 19/06/2013.....Hearts fans quoted saying "every hearts home game will be sold out next season"

.....we shall see!! one would seriously doubt it!!!

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They will need to sell more than 6500 season tickets then

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Originally Posted by Jack

I cant remember if this has been asked but if there is to be a list of creditors will that only be published if theres a CVA and more importantly will it include those who bought shares and season tickets?

Oh please say yes yes yes yes!

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I think the creditors do get published and you will see one of three choices each make:- yes, no or abstain.
looking forward to seeing names myself ;)

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Originally Posted by GlenrothesHibee

They will need to sell more than 6500 season tickets then

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You mean re-sell?

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Originally Posted by Hermit Crab

No chance. Especially after a few heavy defeats early in the season. Even the diehards will stop turning up.

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Could be right though, as they may have no games to sell, therefore they'll sell out on the basis that a sell out of no seats is nothing :wink:

Don't expect much, outside of the usual crazy rumours, to happen soon. I think the admins will have long, hard, tough time just getting all the basic financial information they need, simply in order to get the whole assessment process underway. Hearts officials haven't been too forthcoming with this information in the past, and that isn't going to change. I suspect the financial records are pretty shambolic, and in some cases deliberately so, in order to protect various parties and smokescreen the shadier practices which have undoubtedly been undertaken. Not the easiest of tasks for administrators, I would have thought, and there's so much up in the air regarding the legal status of the Lithuanian money and the ongoing criminal investigations, all of which could muddy the waters further depending on how those monies are and have been historically accounted for.

This is much more complex than the Rangers case, which dragged on for long enough; it leaves Hearts with a mountain to climb to be in any shape to compete in any League next season. It's a race against time for Hearts, and they are up against administrators appointed by a parent company, whom it seems, have feet-dragging in their best interests.

There will be a lot of piss and wind over the next few weeks, as the media try to spin as much intrigue out of this situation as possible. The fact is that the internet (cemented by their showing in the Rangers case last year) has exposed those muppets in 'sports journalism' in Scotland as little more than sweetie wives and PR bozos. They won't have the same reverence for Hearts that they had for Rangers, and will repeat anything which gives hope to/crushes the spirits of Hearts fans. The fact is that this is a very bad, potentially perilous situation for Hearts to be in, and if Hibs were in their circumstances I would be bricking it. Not because I believe they could die permanently, but I do think they could have to shut down for at least a season, lose the stadium, and restart in the lower leagues.

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Originally Posted by Hibernia Na Eir

stv news, 19/06/2013.....Hearts fans quoted saying "every hearts home game will be sold out next season"

.....we shall see!! one would seriously doubt it!!!

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If any average guy that is normally a walk up, has pledged £20+ to FOH, if anything comes of it, that could seriously affect people being able to afford going to matches.

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Originally Posted by desantos0773

This will be long and drawn out with many false dawns and saviours. Don't spend too long analysing every half baked rescue plan - has Kenedy expressed an interest yet? If RFC could muster a £5.6 million bid from another conman what chance the Jimbos. Liquidation and a ground share in West Lothian with a wee application under a newco to div 3. Enjoy the summer fellow Hibees!

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Yes, I think so.

The final outcome is uncertain IMO - they could implode or they could somehow survive (unfairly).

At this moment, I think we should be restrained rather than triumphant.

Not that I am even triumphant being someone who has stood side by side on the terracing with Jambos who are friends and colleagues.

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Originally Posted by Dashing Bob S

Don't expect much, outside of the usual crazy rumours, to happen soon. I think the admins will have long, hard, tough time just getting all the basic financial information they need, simply in order to get the whole assessment process underway. Hearts officials haven't been too forthcoming with this information in the past, and that isn't going to change. I suspect the financial records are pretty shambolic, and in some cases deliberately so, in order to protect various parties and smokescreen the shadier practices which have undoubtedly been undertaken. Not the easiest of tasks for administrators, I would have thought, and there's so much up in the air regarding the legal status of the Lithuanian money and the ongoing criminal investigations, all of which could muddy the waters further depending on how those monies are and have been historically accounted for.

This is much more complex than the Rangers case, which dragged on for long enough; it leaves Hearts with a mountain to climb to be in any shape to compete in any League next season. It's a race against time for Hearts, and they are up against administrators appointed by a parent company, whom it seems, have feet-dragging in their best interests.

There will be a lot of piss and wind over the next few weeks, as the media try to spin as much intrigue out of this situation as possible. The fact is that the internet (cemented by their showing in the Rangers case last year) has exposed those muppets in 'sports journalism' in Scotland as little more than sweetie wives and PR bozos. They won't have the same reverence for Hearts that they had for Rangers, and will repeat anything which gives hope to/crushes the spirits of Hearts fans. The fact is that this is a very bad, potentially perilous situation for Hearts to be in, and if Hibs were in their circumstances I would be bricking it. Not because I believe they could die permanently, but I do think they could have to shut down for at least a season, lose the stadium, and restart in the lower leagues.

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The thing is that if they "die" and start at the bottom league a number of factions will try to fill the gap. The support will fragment and youngsters will support Man Utd/City or Chelsea or even Barcelona. I don't think they will ever recover.

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Originally Posted by Andy74

You mean re-sell?

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If that is the case and the money raised from season tickets so far has gone without the punters getting anything for it , how many would ( or even could afford) to spend that much again?

If it was me and I shelled out £400 for a season ticket to be told that I would have to pay for it again , I would be telling them to ram it !

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Originally Posted by PatHead

The thing is that if they "die" and start at the bottom league a number of factions will try to fill the gap. The support will fragment and youngsters will support Man Utd/City or Chelsea or even Barcelona. I don't think they will ever recover.

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If they get a place in the new Lowland League they'll have to rename it the Lowlife League.

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Originally Posted by Jonnyboy

Another myth, perpetuated by the Jambo at the BBC .............

How many fans do Hearts have?

Last season their average attendance in the SPL was 13,163

Creative accountancy? Count all their season ticket holders as present, just like their big brothers in Glasgow?

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Why do they do that though? Is it some sort of scam or tax dodge?

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Originally Posted by mutley

If that is the case and the money raised from season tickets so far has gone without the punters getting anything for it , how many would ( or even could afford) to spend that much again?

If it was me and I shelled out £400 for a season ticket to be told that I would have to pay for it again , I would be telling them to ram it !

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But, it was worth it for 5-1, no? :confused:

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Originally Posted by Dashing Bob S

Now be prepared for rumours of EVERYBODY being desperate to buy Hearts. We've already had; Skando consortium, the fans, JK Rowling, British consortium, American consortium, son of Wallet, son of Vlad...the estate of Jimmy Savile...

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:not worth


:thumbsup::thumbsup:

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Originally Posted by Dashing Bob S

Don't expect much, outside of the usual crazy rumours, to happen soon. I think the admins will have long, hard, tough time just getting all the basic financial information they need, simply in order to get the whole assessment process underway. Hearts officials haven't been too forthcoming with this information in the past, and that isn't going to change. I suspect the financial records are pretty shambolic, and in some cases deliberately so, in order to protect various parties and smokescreen the shadier practices which have undoubtedly been undertaken. Not the easiest of tasks for administrators, I would have thought, and there's so much up in the air regarding the legal status of the Lithuanian money and the ongoing criminal investigations, all of which could muddy the waters further depending on how those monies are and have been historically accounted for.

This is much more complex than the Rangers case, which dragged on for long enough; it leaves Hearts with a mountain to climb to be in any shape to compete in any League next season. It's a race against time for Hearts, and they are up against administrators appointed by a parent company, whom it seems, have feet-dragging in their best interests.

There will be a lot of piss and wind over the next few weeks, as the media try to spin as much intrigue out of this situation as possible. The fact is that the internet (cemented by their showing in the Rangers case last year) has exposed those muppets in 'sports journalism' in Scotland as little more than sweetie wives and PR bozos. They won't have the same reverence for Hearts that they had for Rangers, and will repeat anything which gives hope to/crushes the spirits of Hearts fans. The fact is that this is a very bad, potentially perilous situation for Hearts to be in, and if Hibs were in their circumstances I would be bricking it. Not because I believe they could die permanently, but I do think they could have to shut down for at least a season, lose the stadium, and restart in the lower leagues.

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Best and most definitive post of the past week:top marks

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Originally Posted by desantos0773

This will be long and drawn out with many false dawns and saviours. Don't spend too long analysing every half baked rescue plan - has Kenedy expressed an interest yet? If RFC could muster a £5.6 million bid from another conman what chance the Jimbos. Liquidation and a ground share in West Lothian with a wee application under a newco to div 3. Enjoy the summer fellow Hibees!

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Oh I do hope so!

I do have reservations. I have seen some strange things happen, rules waived and laws circumvented when people with money start wishing it so.

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Originally Posted by Ryan91

Why do that, why not just sit tight and stay quiet and let them sweat it out a little longer, wondering what's happening with your money?

Of course if they email you again asking why you've not paid up simply say you've had problems with cash flow and that you'll donate as soon as it's all resolved.

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I have a few other e-mail addresses :-)

This http://www.bbc.co.uk/sport/football/...-premier/table is going to be as good as it gets for the Yams over the next few weeks. Indeed, I would not be surprised if they did not start the season in the SPL at all - nor perhaps in any league for that matter ! GGTTH :greengrin

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Originally Posted by mutley

If that is the case and the money raised from season tickets so far has gone without the punters getting anything for it , how many would ( or even could afford) to spend that much again?

If it was me and I shelled out £400 for a season ticket to be told that I would have to pay for it again , I would be telling them to ram it !

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Season tickets, shares, monthly pledges. No chance yer average punter will be able to pay all those never mind twice for a season ticket. But the money is all gone and next year's costs still have to be met.

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Originally Posted by Dashing Bob S

Don't expect much, outside of the usual crazy rumours, to happen soon. I think the admins will have long, hard, tough time just getting all the basic financial information they need, simply in order to get the whole assessment process underway. Hearts officials haven't been too forthcoming with this information in the past, and that isn't going to change. I suspect the financial records are pretty shambolic, and in some cases deliberately so, in order to protect various parties and smokescreen the shadier practices which have undoubtedly been undertaken. Not the easiest of tasks for administrators, I would have thought, and there's so much up in the air regarding the legal status of the Lithuanian money and the ongoing criminal investigations, all of which could muddy the waters further depending on how those monies are and have been historically accounted for.

This is much more complex than the Rangers case, which dragged on for long enough; it leaves Hearts with a mountain to climb to be in any shape to compete in any League next season. It's a race against time for Hearts, and they are up against administrators appointed by a parent company, whom it seems, have feet-dragging in their best interests.

There will be a lot of piss and wind over the next few weeks, as the media try to spin as much intrigue out of this situation as possible. The fact is that the internet (cemented by their showing in the Rangers case last year) has exposed those muppets in 'sports journalism' in Scotland as little more than sweetie wives and PR bozos. They won't have the same reverence for Hearts that they had for Rangers, and will repeat anything which gives hope to/crushes the spirits of Hearts fans. The fact is that this is a very bad, potentially perilous situation for Hearts to be in, and if Hibs were in their circumstances I would be bricking it. Not because I believe they could die permanently, but I do think they could have to shut down for at least a season, lose the stadium, and restart in the lower leagues.

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Spot on with all of that Bob. You can get a measure of a company's accounting standards by the amount of the auditor's fees, and HoMFC's were nearly 10 times as much as Hibernian's. I believe the main accounting function was carried out by UBIG and they're now insolvent with no directors, so getting information from them will be a nightmare. It took Duff & Phelps three weeks to get their initial letter to the creditors out and a further month for their report - that timescale would take us into the new season, so there is no way they'll start the season out of administration and there is a fair possibility that they won't be able to start it at all. They're highly unlikely to be able to sign any players in this window, and if they start the season at all they'll be 15 points adrift at the foot of the table before a ball is kicked.

#allisbarry.

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Originally Posted by Hibernia Na Eir

stv news, 19/06/2013.....Hearts fans quoted saying "every hearts home game will be sold out next season"

.....we shall see!! one would seriously doubt it!!!

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Aye,especially when they get horsed in the first few games.especially the second :-)

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Originally Posted by mutley

If that is the case and the money raised from season tickets so far has gone without the punters getting anything for it , how many would ( or even could afford) to spend that much again?

If it was me and I shelled out £400 for a season ticket to be told that I would have to pay for it again , I would be telling them to ram it !

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The ones who've paid by credit card may be able to get the money refunded under consumer protection laws. They can purchase again under new owners, but I reckon there'll be a number who've forked out for nothing.

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Originally Posted by Andy74

Season tickets, shares, monthly pledges. No chance yer average punter will be able to pay all those never mind twice for a season ticket. But the money is all gone and next year's costs still have to be met.

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That was kinda my point , they have payed out all that cash from there savings/kids piggy bank/ bake sale and yet those deluded muppets think that they will sell out every home game? Say they have sold 7000 ST, and 50% are stupid enough and are able to re purchase again, that's 3500, plus walk ups, even with basic maths that wouldn't even make a dent in the every day running costs/ wages etc

If we can all see it, the administrators surely see it and with all the other stuff they are bound to dig up, I just can't see any way forward other than liquidation .

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Originally Posted by PatHead

The thing is that if they "die" and start at the bottom league a number of factions will try to fill the gap. The support will fragment and youngsters will support Man Utd/City or Chelsea or even Barcelona. I don't think they will ever recover.

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That's already happening Pat with or without Hertz. Kids in my neighbourhood and also my mums in Edinburgh run about in City/United/Barcelona/Chelsea shirts. I'd hazard a guess not one of them has ever attended a game. Football is something they watch on TV.

Regarding Bob's point he's spot on. Hearts will still be in Administration when the season starts and will have a small inexperienced squad, devoid of morale. But as I've said all along its not our problem.

We are scheduled to go to Tynecastle on August 10. We must go and do a job and get the 3 points in front of a large passionate Hibs support. That's really all that matters

One of the elements of Fedotovas' statement on the reasons for admin was that they'd had unexpected expenditure on the stadium. I'm assuming this means that the main stand's safety certificate was in doubt.

Does anyone know the current position on the main stand? Does it have a certificate for next season or is there work needed? There might be an unpleasant surprise awaiting a prospective purchaser during due diligence.

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Originally Posted by mutley

That was kinda my point , they have payed out all that cash from there savings/kids piggy bank/ bake sale and yet those deluded muppets think that they will sell out every home game? Say they have sold 7000 ST, and 50% are stupid enough and are able to re purchase again, that's 3500, plus walk ups, even with basic maths that wouldn't even make a dent in the every day running costs/ wages etc

If we can all see it, the administrators surely see it and with all the other stuff they are bound to dig up, I just can't see any way forward other than liquidation .

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Don't forget the money spent on missing kits that are currently being used as sails by pirates in the South China Sea.

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Originally Posted by ballengeich

One of the elements of Fedotovas' statement on the reasons for admin was that they'd had unexpected expenditure on the stadium. I'm assuming this means that the main stand's safety certificate was in doubt.

Does anyone know the current position on the main stand? Does it have a certificate for next season or is there work needed? There might be an unpleasant surprise awaiting a prospective purchaser during due diligence.

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was that no the step painting? :faf: :faf:

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Originally Posted by mutley

That was kinda my point , they have payed out all that cash from there savings/kids piggy bank/ bake sale and yet those deluded muppets think that they will sell out every home game? Say they have sold 7000 ST, and 50% are stupid enough and are able to re purchase again, that's 3500, plus walk ups, even with basic maths that wouldn't even make a dent in the every day running costs/ wages etc

If we can all see it, the administrators surely see it and with all the other stuff they are bound to dig up, I just can't see any way forward other than liquidation .

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It's alright, I'm sure that kid who voluntarily went without a Christmas pressie last year so the money could go towards Hearts will happily do so again.

:rolleyes:

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Originally Posted by GloryGlory

Once the administrator is in place and examining the books, the true financial picture should hopefully become clearer. Then the "bidders" can also do their own due diligence and reach a conclusion about the true value of the business. A lot of people think they can pick up bargains from administrators, only to see the finances are much worse than they originally thought, enough to blow a big hole in any business plan they may have in mind. For example, even if Hearts keep the SavileDome, the main stand must be close to being refused a safety certificate and condemned. How will they finance the costs of that?

What about the season ticket cash - where has that gone? If they have to honour season tickets - and as "Hearts-minded" folk, surely they will :wink: - the cashflow next season could be dire. Or maybe His Lordship Pishybreeks will use his allowances to help them out? :greengrin

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:confused: Nae chance, here's where the allowances go :wink:

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Originally Posted by Desperate Dan

was that no the step painting? :faf: :faf:

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Of course! That's the expense that tipped them over the edge. No worries now about the health and safety gadgies closing the stadium on August 10.

I see there was a song from 1991 that was:

If you really love me (let me go) by Danny Wilson

Think I might listen to that on spotify to wind up a few jambos

I was in Gorgie Rd earlier on today and i heard a strange noise coming from Dalry , i thought it might have been Vlad on a big white horse but alas no it was a bulldozer heading for the main stand.
happy administration day:na na:

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Originally Posted by Bostonhibby

[/B]

:confused: Nae chance, here's where the allowances go :wink:

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An odious man of the highest order

John Robertson admits he fronted the share issue despite knowing the money would not be 'invested in he playing squad' or whatever nonsense they came up with at the time.

http://www.scotsman.com/sport/footba...fort-1-2970379

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“I said at the time [of the share issue] I wanted honesty, transparency and clarity,” he said. “They told me how badly they needed the money at the time and wanted to do the share issue.

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How can a team in administration possibly be allowed to start the season? Unless they're at an advanced stage with a takeover, it's ridiculous. I understand if during the season it happens then there's not much can be done but there's no way Hearts are going to be anywhere near being able to guarantee they'll be able to fulfill their fixtures. I'm sure I read on here that Livingston were punted to division 3 for this reason.

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Originally Posted by jacomoseven

John Robertson admits he fronted the share issue despite knowing the money would not be 'invested in he playing squad' or whatever nonsense they came up with at the time.

http://www.scotsman.com/sport/footba...fort-1-2970379

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He says he knew administration was inevitable and yet he fronted up a £1.8 million bung to keep overpaid players in the manner to which they were accustomed. I really hope he's proud.

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Originally Posted by jacomoseven

John Robertson admits he fronted the share issue despite knowing the money would not be 'invested in he playing squad' or whatever nonsense they came up with at the time.

http://www.scotsman.com/sport/footba...fort-1-2970379

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They stole a plasma TV from a charity raffle, they stole from the people of lithuania, they stole from the revenue service, they attempted to defraud the revenue with lithuanian dodgy payments, their perverted beast staff and beast fans stole the childhood of innocent children and now their own club legend admits they conned their own fans.

A truly great british club!

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Originally Posted by hibs0666

He says he knew administration was inevitable and yet he fronted up a £1.8 million bung to keep overpaid players in the manner to which they were accustomed. I really hope he's proud.

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He's lied to each and every gimp who emptied their children's piggy bank, or went into hock to try and help the team they love.

As you say i hope he's proud of himself? :rolleyes:

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Originally Posted by robinp

They stole a plasma TV from a charity raffle, they stole from the people of lithuania, they stole from the revenue service, they attempted to defraud the revenue with lithuanian dodgy payments, their perverted beast staff and beast fans stole the childhood of innocent children and now their own club legend admits they conned their own fans.

A truly great british club!

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indeed, a thoroughly odious immoral repugnant 'institution', a club full of bare-faced lying filth

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Originally Posted by Hibbyradge

Well written piece Mr Carter.

It's a stoic and objective observation and compares rather well to the childish and hysterical "5-1, 1902, we killed your club last May" nonsense we hear from Kickback and elsewhere.

I've copied it to my FB and credited it to you.

I would disagree with one thing though. You suggest that "The overwhelming sense of superiority held by many Hearts fans in this period, was all down to the financial plan of one man, Vladimir Romanov." I think Mercer started it, it was then continued by Robinson and finally taken to the extreme by Romanov.

Edit: PS I hope you don't mind, but I split it into paragraphs as it makes for easier reading. Cheers.

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No worries! I agree that Jambos were pretty insufferable before Vlad, but he seems to have completed their evolution into their current state of delusion. I also agree with another comment that Scottish football authorities have been completely useless in managing this and Rangers situation, and should bear a portion of the blame.

I wish they would accept that it wasn't worth it and am sure that they will think differently after a year or 2. This belief that a couple of years in the doldrums and it was all worth it will pass as the pain sinks in with defeats from Montrose and Peterhead at Murrayfield.

Even if they do end up admitting to themselves it wasn't worth it I wouldn't hold breath on them admitting publicly.

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Originally Posted by cabbageandribs1875

indeed, a thoroughly odious immoral repugnant 'institution', a club full of bare-faced lying filth

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But they won two world wars ya know? Signed up and fought the Gerries single handedly. Twice!

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Originally Posted by PatHead

Don't forget the money spent on missing kits that are currently being used as sails by pirates in the South China Sea.

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:faf: :faf: :faf:

Very good. :aok:

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Originally Posted by PatHead

I wish they would accept that it wasn't worth it and am sure that they will think differently after a year or 2. This belief that a couple of years in the doldrums and it was all worth it will pass as the pain sinks in with defeats from Montrose and Peterhead at Murrayfield.

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Pretty much, to be fair, they've had years of being told everything was about to collapse on top of them and it hasn't. So even now there's presumably still that air of invulnerability that stops them contemplating reality.

Plus, for a decent sized chunk of them, it's about hating Hibs, not supporting Hearts. That bunch will cling to their 5-1 thinking it the best thing since sliced bread. When their newco is kicking about in the lower leagues I doubt they would swap that result for anything. The fact we don't care is lost on them of course...

in 2011 they sang bring on the hibs the hearts the rangers
in 2012 the sang bring on the hibs the hearts
in 2013 they sang bring on the hibs :greengrin

It's a pish song. It deserves to be ruined. :aok:

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Originally Posted by robinp

They stole a plasma TV from a charity raffle, they stole from the people of lithuania, they stole from the revenue service, they attempted to defraud the revenue with lithuanian dodgy payments, their perverted beast staff and beast fans stole the childhood of innocent children and now their own club legend admits they conned their own fans.

A truly great british club!

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And the Bus Convener that sold seats on a Cup Final bus to his own fans then does a runner with the cash without any bus ever being paid for. Leaving his own fans bus less on the morning of the Cup Final.

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Originally Posted by jacomoseven

John Robertson admits he fronted the share issue despite knowing the money would not be 'invested in he playing squad' or whatever nonsense they came up with at the time.

http://www.scotsman.com/sport/footba...fort-1-2970379

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Utter shamelessness seems to be a peculiarly Jambo trait.

No wonder my sympathy for their predicament is so muted. And, thinking about it, no wonder they ended up with Mad Vlad at the helm.

Some people do get what they deserve, it has to be said.

When they say they have "sold" 6000 season tickets I doubt they would have brought in all the cash for them. Most people would have used the payment plan given the circumstances and those who did pay up front probably used a credit card meaning their money will be given back.
I think the vast majority of these season ticket holders will be able to purchase again, giving them a very real income stream.

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Originally Posted by peter douglas

When they say they have "sold" 6000 season tickets I doubt they would have brought in all the cash for them. Most people would have used the payment plan given the circumstances and those who did pay up front probably used a credit card meaning their money will be given back.
I think the vast majority of these season ticket holders will be able to purchase again, giving them a very real income stream.

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Not so sure they will get there money back and certainly not that quickly. If you enter into a transaction knowing it won't be fulfilled so you can get your money back is that not fraud?

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Originally Posted by greengnome

He would be better shutting his trap....Get on with more important matters that affect Scotland as a whole, again,he will be looking at the situation as a points scorer... :cb

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I know how these things work and it used to piss me off when reporters asked off topic questions!

TBF he was asked while he was on important Scottish Government business.

You would think this erse would be better keeping a low profile :greengrin


http://www.dailyrecord.co.uk/news/sc...manovs-1968719

Page 700!

There is a thread on brokeback asking if it was worth it. They pretty much all agree it was. No idea how anyone can have any sympathy for such a brain dead bunch. I really hope they have no club left at all after all this. They deserve it.

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Originally Posted by poolman

You would think this erse would be better keeping a low profile :greengrin


http://www.dailyrecord.co.uk/news/sc...manovs-1968719

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The 5th word on your post says it all does it not?....:greengrin

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Originally Posted by Sir Albert of Kidd

There is a thread on brokeback asking if it was worth it. They pretty much all agree it was. No idea how anyone can have any sympathy for such a brain dead bunch. I really hope they have no club left at all after all this. They deserve it.

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Yup, a few jambo's I've spoken to say that they'll have thousands of great memories and its worth it. It's only the older generation that are hurting from this from my chats.

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Originally Posted by poolman

You would think this erse would be better keeping a low profile :greengrin


http://www.dailyrecord.co.uk/news/sc...manovs-1968719

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£2000 for his season tickets for his family lost to the Liths as well:lolyam:

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Originally Posted by Hibby Kay-Yay

Yup, a few jambo's I've spoken to say that they'll have thousands of great memories and its worth it. It's only the older generation that are hurting from this from my chats.

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It's crazy. Supporting a football team is not about just winning things, otherwise we would have all supported one of the old firm. Each to their own I guess, nice to know it won't bother them that much when they die.

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Originally Posted by Sir Albert of Kidd

It's crazy. Supporting a football team is not about just winning things, otherwise we would have all supported one of the old firm. Each to their own I guess, nice to know it won't bother them that much when they die.

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They'll forever go down in history as the team that died without even a whimper of a protest.

Embarrassing really.

I quite like the fact that most of them think it was worth it.

It is just another illustration of what sets us apart from them. They love hating us but we love our club.

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Originally Posted by poolman

You would think this erse would be better keeping a low profile :greengrin


http://www.dailyrecord.co.uk/news/sc...manovs-1968719

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Easy change. ROMANOV to MANLOVE.

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Originally Posted by Purehibee_MYB

They'll forever go down in history as the team that died without even a whimper of a protest.

Embarrassing really.

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Nail on the head.

I often questioned the complete lack of any protest regarding the obvious issues at Hearts. However the simple fact is that even whilst Hearts was on it's deathbed and everyone had been able to see for some time the club was ****ed they still supported Vlad. Even now a lot of them do.

They haven't protested because as far as they are concerned they have nothing to protest against. Absolute idiots and an embarassment to football fans everywhere.

140 years of history for the sake of a couple of Scottish Cups and a humping in the Champions League qualifiers and it was worth it! Erseholes.

Heres a quote from brian jackson administrator

"clubs are always saveable, I wouldnt take it on if it wasnt saveable....that doesnt mean it will be saved" ..

A wee bit contradictory is it not?

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Originally Posted by Seveno

I quite like the fact that most of them think it was worth it.

It is just another illustration of what sets us apart from them. They love hating us but we love our club.

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They seem to regard "it" as just facing a couple of years in the doldrums. Still not moving past the denial stage. Ask them again when they see just how much has been destroyed.

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Originally Posted by CRAZYHIBBY

Heres a quote from brian jackson administrator

"clubs are always saveable, I wouldnt take it on if it wasnt saveable....that doesnt mean it will be saved" ..

A wee bit contradictory is it not?

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Not really.

I've only just started catching up with JKB having been on holiday for the past week. What I find surprising is how many of them are stating that this was inevitable? Correct me if I'm wrong but did the majority not tell us that they would never go into administration?

Still, 5-1 eh?

One fud on Kickback comes out with 'had it not been for Vlad we could have been like Aberdeen, or worse Hibs and spent the last few years yo yoing about in mid table winning **** all.'

Except in the time Vlad and Hearts *****ed millions for 2 trophies and a few defeats in the early rounds of European competition, Hibs put a fantastic infastructure in place, worked and continue to work to a sustainable business model all whilst winning a trophy, getting to another couple of finals and 'enjoyed' a couple of defeats in the early rounds of the Europa League.

Had a look over on kickback for the first time in a while ( I don't like to intrude on private grief)

Seems the big plus for them is that they will come out of it Debt Free !

Now, how is that going to make a difference to them. No interest to pay ...... they never paid any interest on debts in Romanov's time, they just added the interest to the debt.

Starting with a clean slate they will be able to run a managed borrowing facility. :rolleyes: Who in their right mind would ever lend that Club money without a gold-plated underwrite.

They seem to see this as a great new dawn, yet a few weeks ago the same Merricks were claiming Administration would never visit the Yams.

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Originally Posted by Pretty Boy

I often questioned the complete lack of any protest regarding the obvious issues at Hearts.

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Rubbish.

I'm sure a couple of them camped outside the stadium for one night in protest at something?

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Originally Posted by peter douglas

When they say they have "sold" 6000 season tickets I doubt they would have brought in all the cash for them. Most people would have used the payment plan given the circumstances and those who did pay up front probably used a credit card meaning their money will be given back.
I think the vast majority of these season ticket holders will be able to purchase again, giving them a very real income stream.

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Thing is getting that money back could take months rather than weeks and its only weeks till the start of the season.

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Originally Posted by CRAZYHIBBY

Heres a quote from brian jackson administrator

"clubs are always saveable, I wouldnt take it on if it wasnt saveable....that doesnt mean it will be saved" ..

A wee bit contradictory is it not?

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I take that as him highlighting the uncertainty of such a situation- ie it could go either way but he wouldn't have taken it on if it was an absolute lost cause.

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Originally Posted by StevieC

Rubbish.

I'm sure a couple of them camped outside the stadium for one night in protest at something?

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They went to the expence of buying a 2 man tent from millets. :agree: There was also the hat kicking incident, i'm surprised Romanov did not cave in after that. :greengrin

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Originally Posted by South Sub

I take that as him highlighting the uncertainty of such a situation- ie it could go either way but he wouldn't have taken it on if it was an absolute lost cause.

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How would he know how bad things are until he gets his feet under the table? I recall the rangers last year as the admin started pealing the onion!......... :wink:

My gut tells me that they are about to step on a hornets nest :wink:

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Originally Posted by Sir Albert of Kidd

There is a thread on brokeback asking if it was worth it. They pretty much all agree it was. No idea how anyone can have any sympathy for such a brain dead bunch. I really hope they have no club left at all after all this. They deserve it.

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Maybe some of the worst sickbaggers believe that, but it's a lie for most of them. If they really thought it was all worth it then they'd all be campaigning to do the same again. They're not.

They just can't admit it in public because of the loss of face, but you can see it in their sphincter twitching, ashen faced complexions. :wink:

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Originally Posted by South Sub

I take that as him highlighting the uncertainty of such a situation- ie it could go either way but he wouldn't have taken it on if it was an absolute lost cause.

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If a patient was in a hospital and dying and everyone working there knew deep down the patient will pass away soon, they'd still throw in a doctor to have a look.

someone has to come in and say, aye, they are officially humped.

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Originally Posted by poolman

You would think this erse would be better keeping a low profile :greengrin


http://www.dailyrecord.co.uk/news/sc...manovs-1968719

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He wants the word "ROMANOV" covered up?

What with? "GULLIBLE FOOL"?

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Originally Posted by Pedantic_Hibee

I've only just started catching up with JKB having been on holiday for the past week. What I find surprising is how many of them are stating that this was inevitable? Correct me if I'm wrong but did the majority not tell us that they would never go into administration?

Still, 5-1 eh?

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But they owe the money to themselves, it's not real debt!

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Originally Posted by JeMeSouviens

Maybe some of the worst sickbaggers believe that, but it's a lie for most of them. If they really thought it was all worth it then they'd all be campaigning to do the same again. They're not.

They just can't admit it in public because of the loss of face, but you can see it in their sphincter twitching, ashen faced complexions. :wink:

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They're still in the denial phase.

They have to cling onto any piece of wreckage they can find as the good ship Romanov heads for fifty fathoms..

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Originally Posted by Pretty Boy

One fud on Kickback comes out with 'had it not been for Vlad we could have been like Aberdeen, or worse Hibs and spent the last few years yo yoing about in mid table winning **** all.'

Except in the time Vlad and Hearts *****ed millions for 2 trophies and a few defeats in the early rounds of European competition, Hibs put a fantastic infastructure in place, worked and continue to work to a sustainable business model all whilst winning a trophy, getting to another couple of finals and 'enjoyed' a couple of defeats in the early rounds of the Europa League.

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Here here:top marks

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Originally Posted by Craig_in_Prague

If a patient was in a hospital and dying and everyone working there knew deep down the patient will pass away soon, they'd still throw in a doctor to have a look.

someone has to come in and say, aye, they are officially humped.

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I think it would be a slow walk to the phone in this case. They should have a DNAR on them, as "survival" will probably be so awful that death would be kinder.

Few people would want to live like the basket case they are certain to be.

21000 posts :thumbsup:

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Originally Posted by CRAZYHIBBY

Heres a quote from brian jackson administrator

"clubs are always saveable, I wouldnt take it on if it wasnt saveable....that doesnt mean it will be saved" ..

A wee bit contradictory is it not?

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Not really, things that are doable aren't always done.

If you go to the pub and drink 15 pints before a match, it's possible that you'll get into the stadium but there's a good chance that you won't.

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Originally Posted by JeMeSouviens

Maybe some of the worst sickbaggers believe that, but it's a lie for most of them. If they really thought it was all worth it then they'd all be campaigning to do the same again. They're not.

They just can't admit it in public because of the loss of face, but you can see it in their sphincter twitching, ashen faced complexions. :wink:

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The fact is they still don't believe it's likely to be game over, that's why they think its worth it, when/if faced with the reality that there is no way back I'm sure they would change their tunes

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Originally Posted by Pretty Boy

Nail on the head.

I often questioned the complete lack of any protest regarding the obvious issues at Hearts. However the simple fact is that even whilst Hearts was on it's deathbed and everyone had been able to see for some time the club was ****ed they still supported Vlad. Even now a lot of them do.

They haven't protested because as far as they are concerned they have nothing to protest against. Absolute idiots and an embarassment to football fans everywhere.

140 years of history for the sake of a couple of Scottish Cups and a humping in the Champions League qualifiers and it was worth it! Erseholes.

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This was a point ive repeated a few times.

No matter what, David Southern and the rest STOLE fans money, Robertson has now confirmed the share issue was a lie, ticket sales, bake sales and worst of all, up to and including last weekend they were selling ST's to supporters knowing full well they were going into admin this week which is absolutely shocking and surely legally wrong, this is why they continue to throw out the line 'we didnty know and all happened quickly' to avoid the obvious backlash and scrutiny from fans, they just cant seem to see their club has screwed them royaly.

I have no doubt that if this was Hibs and suppoerters had bought shares (or thought we had), bough ST's which are probably worthless we would be kicking the door down for answers or hanging them responsible from the nearest tree!!

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Originally Posted by greenginger

Had a look over on kickback for the first time in a while ( I don't like to intrude on private grief)

Seems the big plus for them is that they will come out of it Debt Free !

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One of the differences between Hearts' situation and the Oldco one as I understand it is that Tynecastle is security against debt to a third party. To survive with a stadium will be expensive for Hearts I imagine. More so than it was for Charles Green to buy Ibrox.

There is no part of the ground AFAIK that is "listed" in any way as Ibrox was. Also -investors (especially foreign ones) interested in alternative uses for Tynecastle are likely to be less concerned about adverse public reaction towards any potential new structures in Gorgie Road than they were about the idea of concreting over Ibrox.

IMHO that means that, for Hearts or a "new-Hearts" to come out of this with a stadium as well as a club, someone is going to have to shell out at the very least the market value of Tynecastle Stadium in any offer for the club.

The experts on here may be able to advise on this as I know there are many different ways to finance the purchase of assets but, if new club owners wanted to retain Tynecastle, it seems to me that they would have to take on significant debt to do so.

A "debt-free" club would imply a homeless club I reckon.

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Originally Posted by poolman

You would think this erse would be better keeping a low profile :greengrin


http://www.dailyrecord.co.uk/news/sc...manovs-1968719

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Fixed that for him!

Attachment 10365

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Originally Posted by poolman

You would think this erse would be better keeping a low profile :greengrin


http://www.dailyrecord.co.uk/news/sc...manovs-1968719

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Hilarious

But Stan says he has no regrets about having the tattoo done. He said: “This feels like a divorce after having been in love. I thought Romanov was the man.”

He added: “Romanov went on about bringing in world class players and managers and challenging for honours. It was rubbish. He made an a**e of us.”

:faf::jamboak:

[QUOTE=GreenOnions;3648529
IMHO that means that, for Hearts or a "new-Hearts" to come out of this with a stadium as well as a club, someone is going to have to shell out at the very least the market value of Tynecastle Stadium in any offer for the club.

The experts on here may be able to advise on this as I know there are many different ways to finance the purchase of assets but, if new club owners wanted to retain Tynecastle, it seems to me that they would have to take on significant debt to do so.

A "debt-free" club would imply a homeless club I reckon.[/QUOTE]

That's exactly how I see it too - but I'm not an expert.

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Originally Posted by PapillonVert

They're still in the denial phase.

They have to cling onto any piece of wreckage they can find as the good ship Romanov heads for fifty fathoms..

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Fifty fathoms is nowhere deep enough PV. ;-)

The thing is, no-one under the age of about 30 will have any concept of what Hearts look like when living within their means.

Mercer starting the overspending in the 80's, Robinson cranked it up and Romanov, using everyone's money except his own, took it to the obscene level which may well see their club die.

They've been like an addict needing a bigger and bigger fix until eventually, the same thing which gives them such illicit pleasure, kills them.

Hearts must have spent circa £140m since Romanov came to town when their real turnover would have provided less than half of that. Not a single penny of that was spent securing Hearts future.

Just as an addict finds sobriety very difficult to handle, Hearts fans will be in cold turkey for years watching a team they can actually afford.

If you think Petrie gets a hard time for his prudence, wait till you see how Hearts' new owner is treated.

Third force no more.