REDUCE THE PRICES QUICK!!! :cb
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Hibs better hold onto the cash until the last possible second.
A quick question.
If they have eight days to settle this, that makes it next Thursday. If they're liquidated then, how can they possibly complete their last ever fixture as they're billing it?
Essex
By the looks of the stv news I've got a better chance with Lucy the Weathergirl than they have of surviving and being a fat, bald, ginger *******..........
They've raised 2 grand :faf:
Tables turned we'd raise that in about half an hour :faf:
They can't guarantee the St Mirren fixture will be played. They put that into their statement because they have to generate revenue and they don't have a home game before then.
It's not the players that's the problem in that situation. As soon as a liquidator is appointed, all business activity ceases. He disposes of whatever assets the business may have to achieve the best possible return for creditors. Any further trading would incur further expense.
Can Hibs not sell all tickets for the cup game then pay Hearts share directly to HMRC? I think it would be the responsible thing to do to ensure they get some of what they're owed.
If the winding up order is granted next week, then they are not liquidated... they are "in liquidation". That is a process which would take some time; the liquidator wouldn't be appointed for a few days, and it is possible that he/they might want at least a few games played in order to maximise the return to creditors.
To get themselves out this they're selling tickets for their next 3 or 4 home games. Great use that cash to clear the bill then you've blown your lot for the next couple of months and still have the bills and wages to pay. Am I missing something but is that not just delaying the inevitable.
Another one dragged up from Keekback (not from too long ago either):
:ostrich:Quote:
When Mr Romanov came in, we were right at the brink.... he not only saved our bacon, he invested millions, and has provided two cup wins along the way. He has funded this success, not you, not me.
"We" do not have the debt, neither you nor I have any responsibility for it, Mr Romanov is servicing that debt.
Wallace Mercer brought us back from the Brink, Robinson took us back to the brink, and Mr Romanov has lifted us out again.
Exactly what I thought then. So Vlad could add all the straight ticket sales for that fixture along with the cash already paid to buy shares and add that in before he sails off in his sub. So this Saturday is in all likelihood the last fixture for the Tollcross Dancehall XI.
You've got to hand it to him, he continually bends them over and barrel and royally shafts them and they continually lap it up :tee hee:
It's at least possible that a liquidator would see any continued trading in that situation as diminishing the return to creditors. See the Rangers situation for example. Duff & Phelps were charging more in fees than the club was generating revenue, never mind any other costs.
So as per above, if the tickets are already bought and paid for by the yam hordes ahead of the game, then surely the liquidators would chuck in the towel as letting the game go ahead would only cost them money. They'd have the expense when they already had the income?
I think that, if the petition is granted, there will be an even bigger gate on the Saturday. The emotional pull of the final game would guarantee that...... that may be enough to convince a liquidator to let it go ahead. The cost would be an extra couple of days' wages for the players, plus the normal match-day expenses.
I can see your logic, but the fly in the ointment is I suspect HMRC will already have their choice of liquidator lined up in case they don't pay this time. In which case they would be in straight away. Another complication is next Thursday is pay day for them (theoretically), so the directors would have to consider their position (as Cav has pointed out repeatedly) if they allowed continued trading during a brief interim period before appointment.
Do gate receipts even cover the cost of a match including stewards police wages etc?
I actually hope Hearts survive in some kind of reduced form, but if they do go to the wall and come back as a Div 3 "T'Hearts" I wonder if they'll have the same SFA/SFL/SPL hun lurkers calling them the same club like T'Rangers. I doubt it. The Pieman and Vlad between them ran the Yam ship aground.
Yes, you make a very good point. Im sitting having a great night. Even having a wee beer, great day. Just hope this happens quickly with loads of bad press coverage for them. Although I'm sure Rangers will be used as an example and the press will say look what has followed. Who cares they seem *****ed at long last!
So ..i wonder what that plum Ryan Stevenson must think now ???? what a total stain he is..
Just taken from twitter
Jim Delahunt@JimDelahunt Jambos look to be in trouble. Saw insolvency expert tnight saying straight to liquidation, do not pass administration, do not collect £200.
One city one team. About time these yams went out of business.
Party hats and streamers at Easter road on Sunday anyone?
Newco fans / media will be out to get them to drag them down also - they might get their mini hun derby again in Division 3
Just had a Jambo tell me it will happen to us soon :faf:
all seems too good to be true, will romanov let this happen? and if salmond thinks about somehow abusing his position to help the yams out he can forget about leading scotland to a new future. would he forsake his political life to help his team out? i will party when they are gone, not before. GGTTH :flag:
Didn't that ****ing scrotum rudi not tell us this after the final... We should have listened to him I'm certain he said "there's only one team in Edinburgh"
Lets get it right round that prick on Sunday as he's running down the west to warm up we should use party poppers and confetti maybe even a banner.
**** the hearts it's great watching these pricks squirm.
Sadly the yams will find the money to pay the taxman.
If Alex Salmond helps them out it will be curtains for him. How can the first minister help a club that is renaging on its taxes. Hope he tries tho cos i detest him and would be great to see him go down the swanny!
They are definitely 3 - 4 months late with their rent for the rented flats provided for staff and players. They also pay the Council Tax on these flats so that will also be unpaid.
I am sure the Business Rates for the PBS together with the rent they are due the Council for the Ticket office and shop they occupy behind the main stand will be behind.
I think a freedom of information request for this information is required. :agree:
Also I am sure the utility bills, ground security companies, and all the rest that were shafted by their Govan cousins will have outstanding accounts. If they have not got the money for HMRC they ain't going to pay those type of bills first.
If they scape together the £ 450,000 for the Taxman they have still got this months wages due in a week or so and their own big tax bill to deal with if they lose the case so why throw away £ 450 K when its only delaying the inevitable.
I think they are done unless Vlad is only kidding (Lithuanian sense of humour ) or some Yam wins the Euro Millions on Friday. :greengrin
Alex Salmond will definitely not help them. Apart from being a Jambo, he's one of the cleverest politicians in the UK and won't do anything unless it's going to help his vote. Helping Hearts would alienate the SNP from anyone bar Hearts fans. There's nothing to worry about where the government's concerned.
Out of interest rangers got a delayed transfer imbargo,in that time they signed players above division 3,what happens with mini Sevco farts transfer ban,players that are left on books,wages they can't manage and a under 19 youth team,never strong enough to get out of that division!
I, on the other hand ,quite like him. also, I'm of the opinion that a free Scotland would be better for my socialist leanings in the long term. however, Alex. Salmond is the current First minister of Scotland and a self confessed Jambo to boot. this does not give him the right to save the gorgie mob from oblivion and I would be very surprised if he himself took a line on doing this. Possibly, the whole group of scottish ministers see the way forward as being to support scottish football clubs in severe financial difficulties, as being the best way to protect football in this country in general.you have a hidden agenda, in my opinion, and that is not what this forum is for.it is a Hibernian forum, with all things related to HFC, unless otherwise stated and HMoFC are directly related, so I shall state my case. I hope sincerely, that those dirty Gorgie louse ridden guttersnipe barstewards go doon the tubes, very soon. It must always be remembered that the vast majority of them grinned,laughed,sneered and made snidey remarks about taking one,maybe two of our players when we faced our darkest hour before KennyMcClean came to the rescue and galvanised us to fight the takeover. outwith that, the HMoFC clearly take every opportunity to make the point in their matchday programme(when playing Hibernian) about HFC, Formed 1875, defunct 1893---reformed 1895 etc. so f/ck them.
Cheers for your reply. No hidden agenda from me, I hate Hearts first and foremost, also hate Alex Salmond and Kenny McAskill and despite loving Scotland with every fibre of my being, I will vote no to independence, as i think it will not serve us well and is an ego trip for afore mentioned Salmond (IMO of course), GGTTH
looking at the comments from the official HMoFC site, they are worse off than what was going on and on at Sevco Park for ages. the gorgie boys look as if they are about tae go doon the plughole quicker than the bairn's bathwater when the rubber duck was tain oot!
As far as I can see there are only 2 outcomes now in the next 2 weeks:
1. Vlad comes up with the immediate funding requirement for the tax bill and they continue for a few weeks more. Liquidation is inevitable at some stage this year unless Vlad pumps in another GBP5m or so,
2. Cease trading as from next week when payment of the tax bill is not forthcoming.
I think number 2 is the most likely scenario. Hearts cease to exist in their current form within 2 weeks and are unable to complete this seasons fixtures. Vlads bank gets Tynecastle. The tax man and a few local business get stuffed. Hearts form a new co which starts next year in a lower division. Would they even be voted back in to Division 3?
It's all over which ever way you look at it. This seems 99% certain.
I think they would struggle to come back as a newco.
1. Tynecastle would be gone.
2. Riccarton would be back 100% in the hands of the uni
3. Their whole first team squad would be gone.
4. They won't be playing games, so they will have no income stream.
How can you start a newco with no stadium to play in, no players to play in it, nowhere to train and no money to bring anyone in??
Spartans for Div 3. :faf:
:faf::faf:
If the Hearts fans have any sense they will turn away from the share issue and reclaim the club from mad Vlad
I'm hearing lots about "voluntary administration".
They get docked 17 points, have to restructure but the tax bill goes away.
I like the sound of the first two but surely they can't get away without paying the taxman?
It's taken me about 2 hours to read this thread and I have enjoyed every minute of it! Thinking about getting a t-shirt done for the cup game (should they make it that far) with, "Your grandchildren will be supporting Hibs". Like another poster said, it's deliciously cruel.
Quote from a BeLIEver...
Hearts have the £450,000 sitting in a interest account,they will push the pay button at the last second, very easy maths here 15,000 season ticket sales=4m
Liverpool games profit=1m
Money recouped from templeton=1m
Hearts cup photo shoot =0.5m, Hearts cup final merchandise=1m
Late payment of all associated clients by holding onto cash past normal 30 day period=thousands,money owed for wallace
WTF are these trumpets all about???:clown:
Interesting that the insolvency expert on STV last night questioned the morale and legal aspect of selling shares in a company that may well not be here this time next week, i'm not getting my hopes up yet as i'v a feeling they have the money to pay the tax bill but will use the situation to fleece as much as possible from their fans.
Interesting and not surprising. Salmon will not want his beloved Hearts to bust and will do all he can to save them. If any of what he does is illegal or immoral, then it is a political timebomb for him. Not only will NewCo Rangers be watching closely, but so will Hibs and every other club in Scotland.
Fact is the Yams have benefitted from years of financial doping culminating in last May's cup win. If they go to the wall owing ££££ of unpaid tax, then we should all campaign for that result to be erased from the record books and Hibs awarded the cup. THAT would be poetic. Lots of business men will be scrambling around to keep the Yams in business - no question - but they must be punished for their cheating and mismanagement which has allowed them to win trophies and deny properly run clubs their just rewards.
I hope ryan Stevenson feels as stupid as he looks. I wonder how his wife feels about the prospect of losing his income for a while?
http://i1157.photobucket.com/albums/...yamageddon.jpg
premature maybe but i was quite pleased with how it came out
On the increasingly slim chance that the cup tie goes ahead can one of Hearts creditors (say HMRC because they have the court order) not seize the money owed to them by Hearts that will be in Hibs bank account?
I am not fully versed in the dark arts of accounts but I am pretty sure we have done this on occassion with a number of our debtor's creditors, following legal action. I believe it may (with the onus on may) be called an "action of first coming(calling?)"
I do realise that if they dont pay the HMRC bill before then (long before) it will get nowhere near there but on the off chance they do pay it might be worth remebering that this would be an option.
Listening to some Jampon on the bus trying to convince his mate that they are bigger than both Liverpool and Everton. What a complete fanny.
The yams are banging on about a full house saving the club. How?! The ticket sales minus the costs of a match day surely cannot be that much to have a big effect?!
Panic over. It's all going to be fine... Foulkes says there are parties interested in buying the club at the end of the season. And he's never wrong. Gosh, I was almost concerned for our maroon neighbours for a moment there. Thanks George, I knew you'd be along to put our minds at ease.
http://www.thescottishsun.co.uk/scot...sbreaking.html
Would I be right in saying that if Hearts go into liquidation during the season, Dundee will remain in the SPL?
Oh, I didn't notice his first comment, which is
that the fans should dig deep. Then it's Romanov who should pay. Then there are parties interested in buying the club. Still trollied from last night or already tanned a half bottle for breakfast!?
The Labour peer said: “This is the time to rally. We have the most loyal fans in Britain and anyone who can afford to and wants to help save the club should buy shares.
“Romanov has a duty to the fans to pay this bill because there are parties looking at buying the club at the end of the season.”