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I think this is true. The last mob lied but these guys in sorting it out have told it straight. They think Hearts will at least go to the end of the year he said on sky. That's without a buyer.Quote:
Originally Posted by keekaboo
I think it's wishful thinking about liquidation now if I'm honest.
And I bet a fair chunk of that 2800 will be reserved tickets, how many of them will actually be bought in the end?Quote:
Originally Posted by HibeeMG
Can someone explain this to me please, I've seen loads of chat on here about spanking and I don't get it.Quote:
Originally Posted by HibeeMG
So they've sold 800 season tickets in a day :hmmm:Quote:
Originally Posted by JollyGreenGiant
@jamiekborthwick26s
"We continue to liaise with lawyers to ensure shares are including in sale of club, alongside Tynecastle"
Maybe plan B needed after all?
I do indeed sir, Lucius Apuleius thanks you.Quote:
Originally Posted by keekaboo
I think that figure includes ~500 that are reserved but not paid for as yet.Quote:
Originally Posted by #FromTheCapital
At last someone pointing out (excluding hibs.net) that it can't be sold as things stand. Birch talking about when UBIG go into admin and trying to sell the shares "that process will take some time...hopefully not as long as Portsmouth"Quote:
Originally Posted by Haymaker
Pompey were in admin for 14 months.:thumbsup:
It all sounds like the administrators think they've bought some time.
Time for what though?
At the end of the day, they need a sugar-daddy to come along to satisfy the Lithuanians. If they don't find one then the administrators/liquidators in Lithuania will go straight to selling off the assets.
Had to read that twice there lolQuote:
Originally Posted by Haymaker
there's more holes in their finances than in a tramps sock.
Are those the ones where anyone could phone up and reserve. :wink:Quote:
Originally Posted by JeMeSouviens
If they're still in administration at the start of div one next season will they be deducted points again?
I can't see how Hearts can go through a long admin process. There is not the cash there to do that.Quote:
Originally Posted by HibeeMG
Well, that's probably true if they're happy to continue with a squad that might not be good enough for Div1 let alone the SPL. :greengrinQuote:
Originally Posted by Haymaker
WEE AIRDRIE JAMBO AGREES! :agree:Quote:
Originally Posted by Twa Cairpets
Aye probably. SPL rules would suggest so, but not sure how new SPFL will take this going forward but surely similar rules.Quote:
Originally Posted by Greendrongo
Is he Smeagol/Gollum in disguise?Quote:
Originally Posted by Twa Cairpets
That might be objectively their best choice of action if the UBIG shares cannot be secured for a sale process.Quote:
Originally Posted by Craig_in_Prague
I think this ties together what we were talking about yesterday in respect of the Businesses For Sale advert stating that the "business and assets" were for sale, rather than the company. When BDO first went in their intention was obviously to sell the company via a CVA. They have been talking to the shareholders, out of whom UBIG is by far the most important.Quote:
Originally Posted by Treadstone
Evidently they have not been able to agree that the shares should be sold, to date anyway. They have more recently put out the advert stating that the "business and assets" are for sale, because that is all they can guarantee that they can sell as at this point. I guess they will keep trying to secure the shares for sale because that would be more beneficial to the business and therefore could raise a greater price from buyers, but this may not be possible.
In a sense you have two contradictory standpoints from Lithuania here: on one hand, the liquidator of Ukio wants to get as much cash in as possible ASAP. On the other hand, the assets held by UBIG are frozen and subject to statutory investigations. It may be that the only way to reconcile these two positions is to go down the newco route.
Edit:
http://www.bbc.co.uk/sport/0/footbal...medium=twitter
UBIG shares cannot be sold until UBIG goes into administration, according to Birch.
I hate to bring it up again but... :greengrin
Who actually has shares? I appreciate the great share fraud only involved 2-3% of the 'shares' (based on value of £50 million for club and raising £1 million) but surely these will need to be accounted for in some capacity, or will they just slide into a black hole?
Jambo's are throwing a party over on brokeback.... BDO information has obviously eased all their worries!
It is interesting though that they still need to mention us Hibby's at every opportunity...! :confused:
HutchyHibby wonders how BDO will get their Administrators fee anytime soon? ;-)
I'll have to stop reading that site as I can't take it any more. Its like watching a prisoner in solitary slowly go mad. They are repeating things again hoping that people will believe them.Quote:
Originally Posted by greengnome
The latest one is that all their "cheating" is a "hobo myth" and it's just hibs being bitter. It must also be a rangers myth, a celtic myth, an aberdeen myth, a dundee united myth and a st mirren myth as everyone else on planet earth can see it for what it was.
Hang on, we also cheated because we have a mortgage and made a £2.99 loss last season. Thats us all even. And we cant comment either because we cheated in 1990.
It's painful.
Eilidh Barbour@EilidhBarbour
#Hearts administrator Trevor Birch says the club is the victim and it would be unjust of the SFA to punish the victim any further
:fenlonNo chance they should get away without any further punishment.
Quote:
Originally Posted by peter douglas
Aye, it's getting boring now right enough. And I don't think they actually grasp a wind up when they see one :greengrin
They know who they are.... :rolleyes:
GGTTH..... :pfgwa :flag:
Best ignored. They will get whatever punishments are due whatever nonsense they come out with. Regardless of who made the decisions the club were responsible for those decisions and were the ones who benefited.Quote:
Originally Posted by Heisenberg
Really, then he's an erse. I would think they've been the benefactors, the victims are the ones who are going tae get bumped out of the vast majority or probably all the money they are owed by that grubby despicable club.Quote:
Originally Posted by Heisenberg
Same type of crap we had to put up with last summer.Quote:
Originally Posted by Heisenberg
He's an administrator trying to find a buyer. Like it or not, he has to act in the best interests of his client (ie HMFC), even if it means telling a white lie that might attract more money in to the place, such as the numpties throwing season ticket money after bad.Quote:
Originally Posted by Desperate Dan
BBC reporting that there are "three or four serious bidders" for Hearts but a swift takeover deal is unlikely.
http://www.bbc.co.uk/sport/0/football/23167775
The administrators at Hearts say there are "three or four serious bidders" for the financially troubled club.
But Trevor Birch from accountancy firm BDO refused to reveal an asking price and indicated that a swift takeover deal is unlikely.
Birch thinks nothing will be concluded before the issue with UBIG's shares is resolved in a Lithuanian court.
UBIG, who are claiming insolvency, were the former parent company of Hearts and own 50% of the shares at Tynecastle.
"Until UBIG are in administration there is not likely to be any movement with those shares," explained Birch.
"The dealings with the Lithuanians may be very quick. We just don't know.
"I'm just anticipating that it might be a prolonged process and we have to be ready for that."
The only people who are seriously going to buy Hearts are "Hearts minded" individuals - there is no Tom Farmer (that we know of) ready to come to their rescue.
If a business man is looking for a toy to play with, then the club they should buy in Scotland would be Hibs. Similar size, but with much less baggage and much, much less outlay required to bring it up to a position of respectable challenging. Any non-Hearts man looking to buy a club is therefore immediately disqualified from having any valid business nous if they lob the cash at the muppets over by.
Quote:
Originally Posted by Twa Cairpets
:agree:
Quote:
Originally Posted by YehButNo But
3 or 4 serious (House)builders come to mind.... :greengrin
a white lie! :hilariousQuote:
Originally Posted by LancashireHibby
Is no one worried about the where abouts of Romanov ? :greengrin
Quote:
Originally Posted by GreenStar
Aye....The 'Liths.. :greengrin
Strange, I'm not in my bed? This sorry mess seems to be hanging by a thread.Quote:
Originally Posted by greengnome
Friendly accommodating Lithuanians who are keen to wrap things up should ease Hearts into next season 'debt free', and out of administration.
Balshy, justice seeking Lithuanians desperate to squeeze cash would be more fun!
Can't see how I was discrediting you... ;-) I am no troll just a lurker. You've got it right in the last stab in the dark... :not worth Be kind to me, the last time I posted (a couple of years ago) someone gave me kicking and I now assume it was a CWG hater who couldn't read :wink:Quote:
Originally Posted by CropleyWasGod
Treadstone like this.:top marksQuote:
Originally Posted by HUTCHYHIBBY
Yeah, try telling that to the people they owe money to and the Chairmen of other clubs who they outbid for players in the 'splash the cash days'.Quote:
Originally Posted by Heisenberg
I'd like to ask Birch who victimised Hearts? In what way were they victim in any of this? Their fans, their ex-Chairman, their ex-Director's, a Peer of the Realm, an Edinburgh councilor and their more prominant ex-players all went along with bringing Romanov to the club. Whilst he was there he was met with very little dissent and what little there was was never cogently put forward and was shouted down by the majority as soon as it was heard. The victims arwe those who invested with good will in Romanov's bank and other club's who lost out during the period of financial doping, whilst Hearts and their supporter's revelled in being flash with money invested.
I know he has to appply spin to do his job but playing the 'victim card at this point is pathetic.
Been done to death. BDO got involved purely because of their love for Hearts. Neither Jackson nor Birch will take a penny until the club has new custodians and all the debts are repaid - and then only reluctantly.Quote:
Originally Posted by HUTCHYHIBBY
:wink:
I read here that Birch said today that they should make Christmas, as things stand BUT I CAN'T FIND IT!:grr::grr:
Accepting that the authorities can only act within the rules as they are written, BUT: surely someone at this point should be asking them if they want to revise their position on whether they will be able to see out the season?
Quote:
Originally Posted by jacomoseven
And they have raised all this money and dont have to reimburse any of those annoying creditors who want paid.
Quote:
Originally Posted by SmithyHibee
I must have missed this so... what do you mean 'reserved tickets'?
According to my resident work Jambo these are people who ordered tickets on finance in the period that Zebra started to refuse applications.Quote:
Originally Posted by keekaboo
:top marksQuote:
Originally Posted by Kato
Very similar to the rangers case in that the clubs and fans seem to stone wall refuse to accept any blame.
Quote:
Originally Posted by keekaboo
Quote:
Originally Posted by PatHead
Thanks
:thumbsup:
Quote:
Originally Posted by HibeeMG
You don't even need me ;)Quote:
Originally Posted by JeMeSouviens
The number Jamie has is "accurate" but as mentioned, not all of them have actually been paid for yet as a few hundred are still pending due to being paid with credit card (I can't get that exact number unfortunately). Adult season tickets account for about ~1600 & more than half the overall total were done on Zebra finance.
This BDO Mob are not to my liking they seem to be favouring the yams instead of looking after the creditors best interests:confused:
Aye we do. FoH having something tomorrow media wise, any ideas what it is ?Quote:
Originally Posted by Bajillions
Ian Murray is going tae announce that he's a MP :dunno:Quote:
Originally Posted by Treadstone
Preposterous.Quote:
Originally Posted by Desperate Dan
https://fbcdn-sphotos-g-a.akamaihd.n...24300017_n.jpg
Haven't heard anything. They're always trying to get the media involved, though. Barry is "on holiday" so they don't have their usual mouthpiece.Quote:
Originally Posted by Treadstone
Jeez, what sort of muppets are in charge here ..Quote:
Originally Posted by YehButNo But
.. I mean ..
.. I could understand losing count if it were a few dozen .. but not being able to count the amount of bidders where you only need one hand (and don't even need all the fingers on it) is ridiculous!
:greengrin
Particularly a yam hand. :agree:Quote:
Originally Posted by StevieC
:hmmm: + +Quote:
Originally Posted by sidneyhibbie
:agree:
Clearly no elections coming up in Kaunus. How else can it be explained?Quote:
Originally Posted by big-mo
Never trust them to know what's going on at their club.Quote:
Originally Posted by PatHead
You could phone and reserve your seat and then go to the shop with cash or cheque since they couldn't take any card transactions.
Anyone could reserve. :wink:
I utterly loathe the concept of the football fan as the 'victim', as perpetuated by the media and officials like Birch. They are nothing of the kind. It's football, it's voluntary. Yes, people have an emotional attachment to a club, but there are always ups and downs. Tey should have a little perspective, grown some balls and take it on the chin. They were quick enough to enjoy the gloating frenzy of their rather limited success (especially given the likely cost) when they were financially doped up to the gills.Quote:
Originally Posted by Kato
It's not taxable:greengrinQuote:
Originally Posted by Onion
CWG has no idea, mate.Quote:
Originally Posted by HUTCHYHIBBY
That'll be my kids, then. :greengrinQuote:
Originally Posted by CropleyisGod
So... If BDO claim they've only got money to see them through to Christmas time is that not another breach of rules whilst confirming there's no guarantee they can fulfill the season's fixtures? Surely they have to be kicked out the league structure or am I being too simplistic?
YesQuote:
Originally Posted by BigKev
1. Two weeks ago, they didn't have a pot to piss in - that's been largely rectified thanks to the efforts of their fans.
2. What they mean is that the funds they have now and the guaranteed income due to come in would get them to Christmas at least. If the administration drags on longer than expected then they'll reassess the situation in the autumn.
I do love how folk throw around serious accusations without the slightest bit of supporting evidence.Quote:
Originally Posted by sidneyhibbie
They'll see the season out. I still can't see them going into liquidation at all. They'll get a CVA and new owners.Quote:
Originally Posted by BigKev
FFS, Stevie, if you've learned one thing over the past 18 months, it's that accountants NEVER give exact answers.Quote:
Originally Posted by StevieC
"What's 1 plus 1?"
"What would you like it to be?"
And the frozen shares?Quote:
Originally Posted by Steve20
(No.29 in the CWG book of standard answers.)
Quote:
Originally Posted by Part/Time Supporter
Signing Danny Wilson could be construed as supporting evidence. They're accountants, not football managers.
Thats yamland thinking real world now these BDO Mob saying ten interested parties is a bluff sit tight and wait i think their will be no bids or at best that stupid plumber bloke will offer to clear the blocked drains in the asbestos stand for free in return for ownership.Quote:
Originally Posted by Steve20
you gotta paint a face or two:na na: 7-0 ya yam fuds.
They would have done so on the advice of the football staff.Quote:
Originally Posted by brog
In the same way that Rod does.......oh wait, I get your point. :greengrin
If they haven't managed to reach their target
Then does that mean they have a
Shortfall within a shortfall.
Surely this will be the final nail??
(And if this is the case how the hell do
They still manage to bring in players)
So only chance of anything significant happening is a week on Friday if none of the bidders come up with enough of a bid to satisfy Ukio? Otherwise they stay in admin until they run out of cash or the shares are unfrozen?
"3000" was a target, not a deadline. It doesn't really matter if they sell a few hundred less or a few hundred more. The important thing was to raise enough cash to ensure the business could continue trading, which they've done.Quote:
Originally Posted by Aldo
They set a budget. Sutton turned down a wage, which meant they had a wage spare for Wilson.Quote:
Originally Posted by brog
It's far more likely that the highest bidder (most likely the McKie group) will be nominated preferred bidder at some point in the following week. Then discussions will continue about securing the shares for sale and the price(s) to be paid.Quote:
Originally Posted by Ozyhibby
The 12th is only a deadline. It will take some time after that to assess any bids, and for UKIO/UBIG to consider them.Quote:
Originally Posted by Ozyhibby
And, as with Rangers, deadlines can be moved.
As evidenced by their mistaking Wilson for a decent player.Quote:
Originally Posted by brog
You saying accountants can't spot a decent player????Quote:
Originally Posted by Eyrie
I still have faith in Valdas Trakys.
1. They offered the contract to Sutton first (because they needed a striker more)Quote:
Originally Posted by Eyrie
2. They couldn't sign anybody else.
This is the most annoying the goal posts always seem to get changed the coffin is out with the corpse of the yams in it dead and the final nail is half hit in when something happens to delay the final hit of the final nail.Quote:
Originally Posted by CropleyWasGod
Then you go on brokeback and they seem un concerned even happy WTF.
They are in denial heads buried in the sand the reality is a 15 point deduction at the very least, probable Liquidation, a team of kids payed buttons, and gubbed every week.
feel the pain yam fuds.:not worth
Don't you get it? The most fulfilling of human experiences is when there is a long build-up of anticipation.Quote:
Originally Posted by sidneyhibbie
Just look at Daffy.
Just cause she is seen with a Jambo roaster there's no need for that.Quote:
Originally Posted by SquashedFrogg
Lets see your lady then, I dare you!:aok:
If that's the case then the numbers don't add up for me. How can that and a 5 figure sum from Wonga raise the BDO quoted figure of almost 750,000? also if that's what they have in addition to the spfl payment in August then how is that enough to run an Spl club for 6 months +?Quote:
Originally Posted by Bajillions
The numbers just don't add up?
Is this some form of haiku?Quote:
Originally Posted by Aldo
:greengrin I had exact same thought as I submitted the post!!Quote:
Originally Posted by CropleyWasGod
Hope the spfl implement a fine close to the sevco one for bringing the game into disrepute, probably safer just to withold £100,000 from the payment they will be due .Quote:
Originally Posted by Fat Penlon
Dont worry i am in it for the long haul hibbie for life am i and is all my family they are now mocking me on brokeback but to the ****bo yam losers i give them thisQuote:
Originally Posted by CropleyWasGod
http://www.youtube.com/watch?v=eY2RJkUUruQ
I like the sound of you SnideyQuote:
Originally Posted by sidneyhibbie
Edit. I mean Sidney. Sidney 'hibbey' that is. ARF!
Those pigeons are high.Quote:
Originally Posted by sidneyhibbie
Interesting tea bag, I'm sure that nose has got longer.Quote:
Originally Posted by sidneyhibbie
http://i1277.photobucket.com/albums/...ps839b7e9e.jpg
It is interesting that much of the financial help provided to Hearts is in the form of buying season tickets (mostly juniors) rather than cash donations. The season tcket will attract VAT unlike the caske bake proceeds and share (cough) issues.Quote:
Originally Posted by CropleyWasGod
It seems a dumb way to go. Especially with the daily updates on sales. The tax authorities will be calculating their share as we speak.
Don't forget they are also filling seats that could be sold on a weekly basis as they fill the groundQuote:
Originally Posted by jgl07
I must've missed something here?? Apparently there fine and were ****ed financially......?? They'll sail through this and come out the other side debt free whilst we are lying In £8 million debt which is rising uncontrollably
Roasters.
I've yet to hear any Yam explain why, if the above were true, Hibs would not simply do whatever Hearts are about to do to achieve said debt free status?Quote:
Originally Posted by Aidan the Hibby
They are really getting the Yams pumped up at the moment, latest on Hearts website states that there has been a "spectacular" response from the fans.
Most of them I've come across seem so chuffed with everything just now and are convinced everything will turn out wonderful, they must be the happiest lot ever to go into administration.
They're really getting on my mammaries just now. :yw::jamboak:
http://www.heartsfc.co.uk/articles/2...241384_3227757
Goblin agrees. Goblin thinks they are in danger of shirking their responsibilities. (Personally, I LOVE your posts in 3rd person referring to yourself - keep it up! :greengrin)Quote:
Originally Posted by sidneyhibbie
http://bit.ly/17KDWN7
Administrator says they are considering newco :greengrin
Which is why it'll be so much funnier when it all goes wrong and they are eliminated.Quote:
Originally Posted by YehButNo But
Quote:
Originally Posted by #FromTheCapital
"...second season in admin..tricky...out by the window in January...but you can’t call it."Quote:
Until administrators are appointed at UBIG, BDO are restricted in what they can do. “That is the wrinkle,” said Birch. “I am not saying you can start a second season in administration. It starts to get a bit tricky. I would like to think we’re out by the window in January, but you can’t call it.”
Keep talking.:blah:
If that is the final outcome for the pink reprobates it'll be interesting to see how they view the history of Old/New Hearts? No doubt, when Sevco appeared from the ashes of dead Huns they'll have been shouting from the rooftops "brand new team" "No history" etc etcQuote:
Originally Posted by #FromTheCapital
Expect world record amounts of double standards and contradictions...
That sends me to my kip on a happy note :-)Quote:
Originally Posted by #FromTheCapital
That..Quote:
Originally Posted by #FromTheCapital
That's just lovely.