Surely they are playing for the "Begging Bowl"?Quote:
Originally Posted by jacomoseven
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Surely they are playing for the "Begging Bowl"?Quote:
Originally Posted by jacomoseven
They'll need to change their recruitment policies then or some of their staff won't be allowed inside the stadium...Quote:
Originally Posted by steakbake
Quote:
Originally Posted by hibbymac
Gorgie Wind AND Pish Farm shurely
Quote:
Originally Posted by Duffys13
"The thing for me, right throughout the Romanov tenure, is a sense of frustration," he said on a baking hot day.
Never new there was another cake a bake day planned. Me think the reporter is taking the Gary Locke. ie pish :faf:
:faf:
:lolyam:
http://club9sports.com/#2720
Looks like Club 9 would separate the good assets (if there are any) from the bad then start again.
So surely it would mean liquidation and then setting up as a Newco.
Yes. Jamieson has already set up the company.Quote:
Originally Posted by macca70
Belter from HawkeyeQuote:
Originally Posted by nribs
Off they go again.
What would be really scary is if they actually bought a club.. :greengrin
Would they even bother setting up a newco? Have my doubts. Can see Hearts ending up like Coventry after they sold their ground, rented a couple of years, didn't pay the rent and have now moved 40 miles from home.Quote:
Originally Posted by macca70
One could live with that.Quote:
Originally Posted by PatHead
Jamieson has already set up a NewCo.Quote:
Originally Posted by PatHead
Quote:
Originally Posted by Duffys13
"Some of the things I've seen have been ridiculous. But you can't have everything. Do you want just to be safe? I wouldn't change it."
Well suck it up!
It will keep you warm as you trawl through the Lowland League.
:fenlon
Is he not just a patsy though?Quote:
Originally Posted by CropleyWasGod
Rangers' CVA failed on June 12th 2012. Their assets were sold off to a newco and they got agreement to play in the SFL making it by the skin of their teeth. Have Hearts left enough time for this route?Quote:
Originally Posted by CropleyWasGod
I think that is the plan. Hold off the liquidation until it is too late to demote them without creating fixture chaos?Quote:
Originally Posted by Spike Mandela
In theory, yes.Quote:
Originally Posted by Spike Mandela
However, I (like others) am very sceptical about the Jamieson/Club 666 lot. See Wednesday/Sevco/etc etc.
I don't think even the SPL or sorry the SPFL would be daft enough to allow them to stay in the top league if they entered liquidation?Quote:
Originally Posted by jgl07
Can you imagine the carnage that would ensue from Govan way? :greengrin
Listen to them wise old Owls...it's almost inconceivable, after Romanov, that Hearts could be moving from the frying pan to the fire in terms of ownership, but these guys seem like sharks who scent blood...Quote:
Originally Posted by hibees 7062
You would hope that if the newco bid is accepted in the next week, the SPFL would now be in a position to note that Hearts are proposing to set up as a new club, and therefore will need to reapply to the league structure, thus paving the way for Morton, or whoever.:dunno: Up until now, they've had nothing concrete to go on, and there was still a chance* of them carrying on as normal.Quote:
Originally Posted by jgl07
* albeit a teency weency infinitesimally small chance :greengrin
Club 9 still need a NewCo, which he has set up.Quote:
Originally Posted by PatHead
Quote:
Originally Posted by PatHead
But they can't afford the bus fare as it is.Quote:
Originally Posted by Prof. ****gy
Most of the first team will still be able to get a child's fare though.Quote:
Originally Posted by dangermouse
Surely at least FoH and another bidder or 2 will be attempting to go via CVA before they go to newco? If they go straight to a newco now, they'll presumably have to give back the matchday ticket sales for the games they've put on sale and they will lose almost all their central income from the SPFL that's due in August. The already large funding gap will be huge.
Anyway, as much as I want to see them floundering around the lower leagues as a ******* new club, I want them to have this season rooted to the bottom of the top division before that happens! Imagine a Hibs team going well taking on relegation certainties Golden Gary and the Showerboys in front of the new ER's first Hibs sell out* crowd on New Year's Day.
* home stands only. :wink:
If it's a NewCo, it should go the same way as Rangers.Quote:
Originally Posted by JeMeSouviens
There will be little SPFL income in August, only that due to a lower-league team. Sold tickets won't be valid, and the holders will be creditors in the liquidation.
What's the general reaction on kickback to this bid then? It doesn't take a blind man to realise that newco route is what they are intending so have the pinkoids picked this up as yet?
:greengrin Cracking band name.Quote:
Originally Posted by JeMeSouviens
5-1 1902 forever in our shadowQuote:
Originally Posted by KeithTheHibby
The Beeb's story seems to have been altered, after saying the bid had been made, it's now due to be made, and Club 9 are now being used by this newco to find US investment, not actually providing it? Lot of nonsense really!
A new company, called HMFC limited, are submitting a bid to buy Hearts, BBC Scotland has learned.
The company are using American company Club 9 Sports to try to attract US investment for their bid.
The bid, to be submitted to administrators BDO ahead of a 12 July deadline, is in the region of £5m.
BBC Scotland has also learned that the company's plans include a move away from Tynecastle to a purpose-built stadium.
Club 9 Sports have been involved in failed bids for clubs including Rangers and Sheffield Wednesday.
The Foundation of Hearts, a consortium of fans' groups, are the only group who have made their intentions to buy the club public so far.
A consortium led by former Scottish Rugby chief executive Gordon McKie had proposed an alliance with the Foundation of Hearts , which was rejected.
HMFC limited, a Scottish company set up in June, have Borders-based businessman Bob Jamieson as their sole director and have also instructed an Edinburgh legal firm to act on their behalf.
Some have, the others are putting their brains together to see how they can make as much money as possible from their fancy new 30k seater. Like, renting out office space, match day hospitalitly, car park prices and so on.Quote:
Originally Posted by KeithTheHibby
How come not one of the mainstream media outlets has done any background checks on either the Americans or Jamieson. Surely the EN could put #allisbarry on a bus down to Peebles to at least get a pic of Jamieson outside his house.Are they all really Hobos trying to carry on the great Yamboid windup before liquidation ?
Have to laugh at the comments under this story and just noticed one guy "Thomaso" who is on every other post correcting anyone way states something about Hearts he disagrees with.Quote:
Originally Posted by ScottB
He just has to be the guy "Wee Fordy" from the Scotsman forum, used to be TOTT, who spends his whole life on there giving his opinion which he thinks is the only one that is correct and correcting every one else who he disagrees with, a real sad case. :yw:
http://www.bbc.co.uk/sport/0/footbal...medium=twitter
Yes another fantasy bid here! No money and nothing offered up front but funding for a couple of years and they still need money for a new stadium. Only route out is a Newco with money held in trust from purchase for when Ukio and UBIG unravelled. Any developer us waiting for liquidation which is certain to follow all these joke bids. Then they only have to pay for stadium.Quote:
Originally Posted by ScottB
one guy "Thomaso"
What a complete fud nugget!!!!!
Aye, stating that Hearts were self sustaining and making a profit when they went under...Quote:
Originally Posted by YehButNoBut
'Don't debate idiots, they'll drag you down to their level and beat you with experience.'
He thinks that if you hand over 5 million to someone, they'll hand 25 million back over in return.Quote:
Originally Posted by hibseleven
They always seem to reach a new level. :faf:
"To give back..." not a verb in the HMFC dictionary.Quote:
Originally Posted by JeMeSouviens
Barry is "on holiday"Quote:
Originally Posted by Seveno
I already posted on this thread about Thomaso.
He though the Yams lost the league in 1985 !
That's all well and good Bajillions but when does his poor missus and bairn get a holiday from him.Quote:
Originally Posted by Bajillions
:faf:
No thanks thats here :greengrinQuote:
Originally Posted by Prof. ****gy
Less so now, I've heard he'll be spening a lot more time at home gardening if you get my drift.Quote:
Originally Posted by Treadstone
You mean he has gone into 'administration' ?Quote:
Originally Posted by Bajillions
But but we owe it to ourself , BIG TEAM , cheerleaders and hot dawgsQuote:
Originally Posted by lord bunberry
Fixed that for you :greengrinQuote:
Originally Posted by Seveno
Rumour is that Craig Thomson has applied to be the bus driver. :cbQuote:
Originally Posted by Dunderhall
Looks like they have only sold 1000 tickets for the Vagabond Vase at East End on Sat. I'm sure we took 4000 through for Yogi's 1st pre-season game.
I take it it's pay at the gate as well?
All very complexQuote:
Originally Posted by Seveno
A pathetic show.Quote:
Originally Posted by Winston Ingram
Did I miss something? :cool:
Someone saying all is not barry any mair? :eek:
Moving to new stadiums? Russian sailors? Hmrc?
#mentalradgeness :D
'Moved sourcing off shore' seems to their chosen method as this phrase features quite a lot in their guf ....... oops - spiel ??Quote:
Originally Posted by macca70
I thought he was unwell.Quote:
Originally Posted by Seveno
No bids yet..................
http://sport.stv.tv/football/clubs/h...ore-deadline/?
Quote:
Originally Posted by Duffys13
to be fair at least the yamboid is acknowledging the embarrassment, although i did notice the little subliminal message from the reporter
"The thing for me, right throughout Romanov's tenure, is a feeling of frustration," he said on a baking hot day in Edinburgh :greengrin
The cynic is me says that the deadline will be moved, a la Rangers, but there is a time pressure here. If there are no bids, and none in the wind that aren't quite ready yet, BDO will have to make a stand.Quote:
Originally Posted by Spike Mandela
Edit... and not a ramshackle one either. :greengrin
Wonder what FoH think is in the gun they seem to be pointing at peoples heads ?Quote:
Originally Posted by Spike Mandela
Quote:
The Foundation of Hearts, a combined body of fans groups which is raising capital through cash pledges from supporters, will confirm their bid over the next 48 hours.
A spokesman for the Foundation said: “We respect any bidder that wants to have their say on Hearts but they must understand the history of the club and respect the will of the supporters.”
One of those wee flags that has the word "POP" on it? :cbQuote:
Originally Posted by Treadstone
Quote:
Originally Posted by CropleyWasGod
SPFL too need a clear indication of newco/liquidation so that they can put plan "Morton
" in place
It wouldn't surprise me if the SPFL have put a deadline on this too.Quote:
Originally Posted by desantos0773
Reading back on the Sevco stuff, it appears that there were conversations between the SPL, SFA and D&P at the time that were the subject of a confidentiality agreement. It would make sense if there were similar talks going on just now.
I love the quote 'they must respect the will of the fans.'Quote:
Originally Posted by Treadstone
What will? They've been bent over and rammed by the Liths for eight years.
To be fair to the Hearts fans, I think they are quite bored with all this newco, CVA, Admin and liquidation talk and have move on to the far more important subject of stadium design, location, transport links etc.Quote:
Originally Posted by Dashing Bob S
They have the attention span of a goldfish and similar life expectancy.
Quote:
Originally Posted by YehButNoBut
Quote:
Originally Posted by hibseleven
Like this comment that has been added to BBC story re Thomaso/wee fordy/tott/hen broon or whatever he is calling himself. :thumbsup:Quote:
Originally Posted by Hibercelona
59.thewhitewizard
Incidentally, for those that know - wee fordy/tott/hen broon off the Scotsman boards is a joke of a man let alone as a fellow jambo. That clown is no jambo.
He and his kind very nearly killed the club. He will be hunted wherever his ugly, ill-informed, stupid, spineless, cowardly, insignificant little oik face appears. He is not welcome ever again at tynecastle.
Tbf I only said that one could live with it!:na na:Quote:
Originally Posted by hibees 7062
Saruman?Quote:
Originally Posted by YehButNoBut
:faf:Quote:
Originally Posted by Dashing Bob S
Hands up who thinks that Club 9 would give a flying nugget about " respecting the will of the fans "......
Isnt this a mistake and meant to say Club 12 will over take Hearts next year? :dunno:Quote:
Originally Posted by RossHibs
I rarely go to Bustback but wanted to see what the yams thought about the U.S. bid. I came acros this cracker when they were discussing a potential move from the PBS.
' All that is needed is maintenance.
Do people on here knock their house down if it needs a few new slates? '
No, but if it's full of asbestos and paedophilles, then yes.Quote:
Originally Posted by Seveno
Probably more chance of S Club7 to be honest, still if you've never had a dream come true.Quote:
Originally Posted by SMAXXA
:greengrinQuote:
Originally Posted by Dunderhall
+1Quote:
Originally Posted by joe breezy
All that's needed is woodworm.Quote:
Originally Posted by Seveno
Tradition is such a wanton mistress too. Hearts traditional brand of free flowing football resulted in one centre half's hoof (sorry, "pass") breaking through the roof and showering a variety of becardiganed Farquhar's with asbestos.
That's the funniest post I've read for a long timeQuote:
Originally Posted by Springbank
Hearts will get nothing on 'the slate' at the moment!Quote:
Originally Posted by Seveno
I Have written another letter of complaint today to HWU, As well as another letter to the police as regards the 25k debt. Pressure must be kept on these victims:aok:
Can this July 12th deadline be extended as I cannae see anyone coming in with a meaningful bid?!:confused:
I think it almost certainly will be extended as the only bidder is likely to FoH and the bid will be too low.Quote:
Originally Posted by SkintHibby
I think the footballing authorities might be inclined to ask 'what's the score' if the deadline is extended.
This club is a basket case and will put to sleep before the start of the season, I'm convinced of it. Time has all but ran out for them.
One of the deluded didn't notice some of the fallout landed in his coffee,Quote:
Originally Posted by Springbank
he was quoted after the match as saying "that's asbestos coffee I've ever tasted":agree:
HUTCHYHIBBY looks forward to sidney posting the replies.Quote:
Originally Posted by sidneyhibbie
And where are these new wonder bids going to come from? The exercise has confirmed BDO thoughts on HMFC - liquidation !Quote:
Originally Posted by SkintHibby
http://www.scotsman.com/sport/footba...ub-9-1-2997094 Medals Mackay
http://www.scotsman.com/sport/footba...arts-1-2997096 Fat Jim
Latest views from the 'poor us' brigade!
I'm not so sure it will be extended. I think the SPFL / SFA are looking for assurances that Hearts will be able to complete the season, hence the reasonably tight deadline to find a preferred bidder. Hearts are to face the SFA next week, which could be interesting.Quote:
Originally Posted by Ozyhibby
GGTTH
So as it stands with a day to go, FOH are the only one's with a bid in.
But they don't have a pot to pee in and cant pay anything up front, just a virtual pot of money from folk stating online that they will set up a regular DD to contribute regularly going forward.
Same old Hearts by the look of it...FoH effectively making veiled threats and insisting the fans must be listened to.
Do any of them actually realise the predicament they are in? Bizarre tone to take when there are no bids and liquidation looming.
Spot on and head still firmly buried.Quote:
Originally Posted by SiMar
From a SPFL/BDO perspective the FOH have no concrete offer and its based on pledges, those pledges to any legal point of view are worthless the supporters won't have any sort of contract, anyone could cancel at any time, still no idea how many will be genuine either.
Unless there is a serious financial guy also backing this then there is no way it can possibly be taken seriously.
I'm setting up a group called Foundation of TescoQuote:
Originally Posted by SiMar
I have identified a plot of land in EH11 that may suit a supermarket.
I'm putting in a bid tomorrow and just wanted to ask for pledges.
Before you ask, I do not wear suits made out of the Union flag, and crucially, I am not an MP.
EEN said last Friday that FOH had secured some up front funding for a bid, but no figures were mentioned and the amount was contingent upon on how many pledges are made.Quote:
Originally Posted by macca70
My guess is that FOH will be the only serious bid and they will be nominated preferred bidder by BDO. The process will then drag on for longer as FOH will want to go through a CVA rather than go straight to a newco situation. BDO will attempt to secure the UBIG shares for sale and negotiations will go on about the price. Only if that then fails would you then be heading towards an alternative resolution (either a newco led by FOH or full liquidation).
Quote:
Originally Posted by kdhibees1
"They were always a glamour club." :faf: :faf: :faf: Please stop, this hurts!
24-carat roaster.
:agree: I see fat Jim and Stevenson are both having a go at Romanov in the press. Yet both were happy to sign on and take wages from him - in Stevenson's case not once, but twice. Hypocrites-R-Us. :greengrinQuote:
Originally Posted by kdhibees1
Medals MacYam is just mark Hately without the bus faresQuote:
Originally Posted by kdhibees1
Recover?Quote:
GARY Mackay believes the Foundation of Hearts represent the best opportunity for the Tynecastle club to recover their “pride and dignity” and has questioned the motivation of rival bidders ahead of tomorrow’s deadline.
How does one recover what one never had? Roaster. :agree:
GIRFUY
Quote attributed to Bob Jamieson in this morning's Scotsman:
“I’m a lifelong Hearts supporter who has kept an interest in this club for some time. Hearts is a club with a great reputation, it is 140 years old and has the potential to attract a big customer base even around Edinburgh. Neutrals would come to Hearts because it is a nice venue and there would be space. They were always a glamour club for me and have a good reputation for doing things properly.”
Dear Bob
What planet have you been on for the past 12 years?
or
Can I have some of what he's been having?
or
Are you in such denial that you are unable to be honest with yourself?
or
Just beat it weirdo!
:cb
desantos - thanks for sticking to your thoughts all along, that they would be liquidated. This was my feeling as well, as I couldn't really see any other outcome. Although it's not at that point yet, it certainly looks good.Quote:
Originally Posted by desantos0773
Losing the PBS and becoming a newco at the bottom of Scottish football - is really a perfect outcome and unlike Rangers, they won't just waltz up through the leagues at a canter.
Losing your stadium, your club & its soul - is the real death of a club, not some tainted, cheated single cup final.
All in all - 'Pleasing'
Anyone else find it quite annoying when a "deadline" gets extended...........if you can extend it then it's hardly a deadline!let's hope th 12th is D-day, feel sorry for Morton though as they will be this season's DundeeQuote:
Originally Posted by SkintHibby
Did they make any announcements on reaching their target regarding season ticket sales? I'm guessing they haven't sold 3000.
Aye, a disaster now that it's caught up with them otherwise they'd still be at it and no giving a **** about who they were ripping off. Fat roaster :agree:Quote:
Jefferies saw Hearts’ finances unstitch at close quarters. He now describes the Russian-born businessman’s tenure at Tynecastle as having been a “disaster” for the club.
GIRFUY
Quote:
Originally Posted by Craig_in_Prague
Agreed, desantos posts always cheers me up!
How the 'big team' have fallen, crap team, admin cup, no bus fare haha
Do we know that for sure?Quote:
Originally Posted by macca70
According to STV yesterday, there were no bids in. The only people who will know how many bids are in are BDO.
The mythical Scandinavians won't be putting a bid in.
http://sport.stv.tv/football/clubs/h...iday-deadline/
Awe naw, Viking hat for saleQuote:
Originally Posted by Sergey
can just picture the scenes doon gorgay when this news gets out.Quote:
Originally Posted by Sergey
http://i40.tinypic.com/2ymdgs6.gif
Quote:
Originally Posted by Sergey
Keep The Faith - Liquidation here they go!
So looks like only 2 bidders: the (shaky) Foundation of Muppetry and BobJam and the Club 9ers.
Rumour on sickbag this morning that the FoM bid will be £3M, but only half up front. To be fair, that's probably a sensible valuation of a basket case football club with a serious lack of working capital whose only valuable asset is the land their ground sits on. Unfortunately for them, it's well short of the valuation of the assets on a break up basis. :wink:
The BobJam 9ers strike me as serious bottom feeders so I can't see that going anywhere.
Barring mystery bidders (Massone is awfully quiet considering he was supposed to have £4.5M to bid with in November?), looks like BDO will have some serious decisions to make. :wink: