Share Transfers Agreed/Cooling off period

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30-07-2013, 08:28 AM
Onion

Quote:

Originally Posted by Mon Dieu4

I still can't believe that they seriously think no developer would touch the land as it would damage their reputation

That piece is to reassure and appease their panicking yam readers. As a plot of land in one of the most beautiful European cities , even Tynecastle will be worth a lot of money once the economy starts to recover. The Liths must understand that. As for reputation damage, it would be quite easy for this plot to change hands a few times before any development takes place. The Liths might already have had a few interested parties contacting them behind the scenes. It might be e few years before the land is built on by which time the Yams will all have become Hibs fans :)
30-07-2013, 08:43 AM
Spike Mandela

Quote:

Originally Posted by Ozyhibby

http://m.scotsman.com/sport/football...real-1-3020961

A warning to the Lithuanians.

How DARE these pesky Lithuanians look to get the money they are owed.
30-07-2013, 08:46 AM
Killiehibbie

Quote:

Originally Posted by Puzzle

The comments from Hearts fans on that article are hilarious. Delusional beyond belief.

What the **** is a frother by the way? :confused::rolleyes:

A frother is a woman in a highly aroused state.
30-07-2013, 08:46 AM
LancsHibs

Quote:

Originally Posted by Onion

That piece is to reassure and appease their panicking yam readers. As a plot of land in one of the most beautiful European cities , even Tynecastle will be worth a lot of money once the economy starts to recover. The Liths must understand that. As for reputation damage, it would be quite easy for this plot to change hands a few times before any development takes place. The Liths might already have had a few interested parties contacting them behind the scenes. It might be e few years before the land is built on by which time the Yams will all have become Hibs fans :)

A foreign investor would snap it up. Sit on it and sell on when time is right:agree:
30-07-2013, 08:50 AM
TornadoHibby

Quote:

Originally Posted by Onion

That piece is to reassure and appease their panicking yam readers. As a plot of land in one of the most beautiful European cities , even Tynecastle will be worth a lot of money once the economy starts to recover. The Liths must understand that. As for reputation damage, it would be quite easy for this plot to change hands a few times before any development takes place. The Liths might already have had a few interested parties contacting them behind the scenes. It might be e few years before the land is built on by which time the Yams will all have become Hibs fans :)

Heard a "rumour" the other day that the chance of this being granted consent for residential development is virtually nil due to the close proximity of the distillery and the pharmaceutical company where "leakage" into the ground has arisen! :dunno: :confused:

Anyone confirm this!? :confused:
30-07-2013, 08:54 AM
Liberal Hibby

Quote:

Originally Posted by TornadoHibby

Heard a "rumour" the other day that the chance of this being granted consent for residential development is virtually nil due to the close proximity of the distillery and the pharmaceutical company where "leakage" into the ground has arisen! :dunno: :confused:

Anyone confirm this!? :confused:

Only in the Yams dreams - this was discussed and debunked further up the thread.
30-07-2013, 08:54 AM
Matty_Jack04

Quote:

Originally Posted by TornadoHibby

Heard a "rumour" the other day that the chance of this being granted consent for residential development is virtually nil due to the close proximity of the distillery and the pharmaceutical company where "leakage" into the ground has arisen! :dunno: :confused:

Anyone confirm this!? :confused:

Theyve recently built a new school a stones throw away from tynecastle, sounds like more yam delusion to me
30-07-2013, 08:55 AM
woody0-7

Well there was up until last year a high school there so I don't think that rumour will work for them!
30-07-2013, 08:55 AM
bingo70

Quote:

Originally Posted by TornadoHibby

Heard a "rumour" the other day that the chance of this being granted consent for residential development is virtually nil due to the close proximity of the distillery and the pharmaceutical company where "leakage" into the ground has arisen! :dunno: :confused:

Anyone confirm this!? :confused:

Why would they let them build a new school next to it if it was unsafe at all?

If a housing developer wasn't given permission to build by the council could they appeal this in the courts? Sounds to me like the council are trying to move the goalposts to suit their agenda.
30-07-2013, 08:58 AM
Sanger

Property Developers news hovering like Vultures

A very realistic apprasial from Bridging and Commercial!

Lithuania state owed £400m by Ukio Bankas and will not accept cakes and choclate buttons. Do not pass Go go straight to Liquidation!

http://www.bridgingandcommercial.co....-property-debt
30-07-2013, 09:02 AM
Keith_M

Quote:

Originally Posted by desantos0773

A very realistic apprasial from Bridging and Commercial!

http://www.bridgingandcommercial.co....-property-debt

Hobo Frothers, Big Team - Big Cup, since 1902, 5-1, etc.
30-07-2013, 09:04 AM
Phil D. Rolls

Quote:

Originally Posted by LancsHibs

A foreign investor would snap it up. Sit on it and sell on when time is right:agree:

Would that mean that Newyam would have a place to play until it is sold? Maybe even rent free, as a goodwill gesture.

All they'd have to do is pay maintenance of the stadium to meet safety requirements, council tax etc.....oh, wait.

Quote:

Originally Posted by desantos0773

A very realistic apprasial from Bridging and Commercial!

Lithuania state owed £400m by Ukio Bankas and will not accept cakes and choclate buttons. Do not pass Go go straight to Liquidation!

http://www.bridgingandcommercial.co....-property-debt

Quote:

Despite promising announcements from BDO, the reality of a £15 million debt to foreign creditors is that any small CVA proposals will be rejected in favour of selling off Tynecastle to alleviate the £400 million debt the Bank owes to the Central Bank of Lithuania.

Is this right?
30-07-2013, 09:13 AM
easty

Quote:

Originally Posted by bingo70

Why would they let them build a new school next to it if it was unsafe at all?

If a housing developer wasn't given permission to build by the council could they appeal this in the courts? Sounds to me like the council are trying to move the goalposts to suit their agenda.

:agree:

And it's such a dangerous area to be in that they allow circa 400k yam fans to congregate in and around the stadium for games. Or maybe it's all that fancy scarf twirling thats keeping the 'leekage' at bay?
30-07-2013, 09:14 AM
therealgavmac

Quote:

Originally Posted by Killiehibbie

A frother is a woman in a highly aroused state.

Absolutely pmsl...... :top marks
30-07-2013, 09:14 AM
HibsNibs

Quote:

Originally Posted by Hibernia Na Eir

the real facts are, Tynecastle is worth many millions as a development site. Builders know that. Council knows that.
Its not rocket science either trying to find out what recent property sales are for new builds around that area. I'm sure the nice Lithuanians are up to speed on this already.
facts are facts, no matter what any journo dresses it up as....

Sidney or someone needs to drop them a line to make sure they are. I think FOH's strategy is completely reliant on the 'PBS is worth nowt' gambit.
30-07-2013, 09:16 AM
easty

Quote:

Originally Posted by desantos0773

A very realistic apprasial from Bridging and Commercial!

Lithuania state owed £400m by Ukio Bankas and will not accept cakes and choclate buttons. Do not pass Go go straight to Liquidation!

http://www.bridgingandcommercial.co....-property-debt

Wow...in the photo (in the link) the PBS doesnt look like an asbestos-ridden hole at all. I thought they'd just given the stairs a wee paint job, but that is pretty impressive.
30-07-2013, 09:18 AM
CropleyWasGod

Quote:

Originally Posted by Filled Rolls

Would that mean that Newyam would have a place to play until it is sold? Maybe even rent free, as a goodwill gesture.

All they'd have to do is pay maintenance of the stadium to meet safety requirements, council tax etc.....oh, wait.

If the company goes into liquidation, it stops trading.

A NewCo, if it took over the club, would have to move very quickly in order for it to operate this season.
30-07-2013, 09:27 AM
SlickShoes

Quote:

Originally Posted by CropleyWasGod

If the company goes into liquidation, it stops trading.

A NewCo, if it took over the club, would have to move very quickly in order for it to operate this season.

The season starts in 4 days, if hearts go liquid any time soon they will cease to exist for the rest of the season at least.

Didn't rangers already have the newco set up and waiting? Hearts are donald ducked now if they go in to liquidation, 1 full year with 0 revenue and only £20 monthly direct debits from die hard fans is not enough to start a new club.
30-07-2013, 09:34 AM
lapsedhibee

Quote:

Originally Posted by SlickShoes

The season starts in 4 days, if hearts go liquid any time soon they will cease to exist for the rest of the season at least.

Morton, Dundee are ill prepared to step into their shoes. For the sake of Scottish Football, the only sensible thing to do will be to promote their big cousins to take their place. Shirley no reasonable person can object to that outcome, now that all divisions are operating under the one umbrella of the SPFL.
30-07-2013, 09:35 AM
CropleyWasGod

Quote:

Originally Posted by lapsedhibee

Morton, Dundee are ill prepared to step into their shoes. For the sake of Scottish Football, the only sensible thing to do will be to promote their big cousins to take their place. Shirley no reasonable person can object to that outcome, now that all divisions are operating under the one umbrella of the SPFL.

Thank you, Mr. Traynor.
30-07-2013, 09:38 AM
clerriehibs

Quote:

Originally Posted by lapsedhibee

Morton, Dundee are ill prepared to step into their shoes. For the sake of Scottish Football, the only sensible thing to do will be to promote their big cousins to take their place. Shirley no reasonable person can object to that outcome, now that all divisions are operating under the one umbrella of the SPFL.

I don't think the big coudins are ready either.

However, unpalatable as it sounds, the yams would be sooo gutted that it is actually rather appealing.
30-07-2013, 09:41 AM
Phil D. Rolls

Quote:

Originally Posted by SlickShoes

The season starts in 4 days, if hearts go liquid any time soon they will cease to exist for the rest of the season at least.

Didn't rangers already have the newco set up and waiting? Hearts are donald ducked now if they go in to liquidation, 1 full year with 0 revenue and only £20 monthly direct debits from die hard fans is not enough to start a new club.

Is there any possibility the SPFL would just pretend nothing is happening and let the Yams keep playing games until they fail to field a team? I'm not talking about the real world here, more the parallel universe that football seems to operate in.
30-07-2013, 09:42 AM
derekHFC

The EEN's take on what happens next - HERE
30-07-2013, 09:45 AM
CropleyWasGod

Quote:

Originally Posted by Filled Rolls

Is there any possibility the SPFL would just pretend nothing is happening and let the Yams keep playing games until they fail to field a team? I'm not talking about the real world here, more the parallel universe that football seems to operate in.

In the current situation, that's all the SPFL can do. See Bajillions' excellent reasoning for that above.

If they go into liquidation, as I say, they stop trading. The doors are locked.
30-07-2013, 09:46 AM
Sylar

It's alright! Hang off on the Doomsday predictions! The Hibs tickets are selling well and they're having a "Trial of Gary Locke" in the Gorgie Suite this coming Monday where tickets are £10 each!

#allisonceagainbarry...
30-07-2013, 09:47 AM
clerriehibs

Quote:

Originally Posted by CropleyWasGod

If the company goes into liquidation, it stops trading.

A NewCo, if it took over the club, would have to move very quickly in order for it to operate this season.

They'll make it into the season.

Is it then beyond the realms of possibility for them to hold a gun to the SPFL to get an advance on any monies due, painting a picture that sees them complete the season still in admin? And the SPFL avoiding the club in liquidation fall out?

Surely the Lithuanians have months of untangling the UKIO/UBIG mess?

They may be tempted to postpone the recovery of this paltry amount if homfc can claim to expect a full season of trading, in the hope another, better suitor comes along?
30-07-2013, 09:52 AM
Hibs07p

Quote:

Originally Posted by derekHFC

The EEN's take on what happens next - HERE

Nothing we didn't already know about from info on here. :greengrin

GGTTH
30-07-2013, 09:56 AM
CropleyWasGod

Quote:

Originally Posted by clerriehibs

They'll make it into the season.

Is it then beyond the realms of possibility for them to hold a gun to the SPFL to get an advance on any monies due, painting a picture that sees them complete the season still in admin? And the SPFL avoiding the club in liquidation fall out?

Surely the Lithuanians have months of untangling the UKIO/UBIG mess?

They may be tempted to postpone the recovery of this paltry amount if homfc can claim to expect a full season of trading, in the hope another, better suitor comes along?

IIRC, they are due money in August.

What you're suggesting, though, if I read it right, is an advance further down the line when the money starts to run out? By that time, I reckon the L word will be writ much larger.

Balance that, too, against the possibility of the SFA demanding a bond when they meet on Thursday. That would really sting.
30-07-2013, 09:58 AM
Heisenberg

According to #allisbarry Massone hasn't given any proof of funding yet...
30-07-2013, 10:00 AM
Gus Fring

Quote:

Originally Posted by derekHFC

The EEN's take on what happens next - HERE

Sat at my desk with a cup of coffee catching up on this thread.

*Clicks above link*

"Football finance expert Neil Patey..."

*Immediately closes tab*
30-07-2013, 10:01 AM
ballengeich

Quote:

Originally Posted by clerriehibs

T
Surely the Lithuanians have months of untangling the UKIO/UBIG mess?

They may be tempted to postpone the recovery of this paltry amount if homfc can claim to expect a full season of trading, in the hope another, better suitor comes along?

That sounds quite possible. It'll take years rather than months to untangle Vlad's legacy - the paperwork may not be entirely intact.

Bathgate's piece in the Scotsman seemed to be based on a view that the Lithuanian administrators would be looking for a quick resolution of Hearts' affairs. I don't see why given the scale of their other work.

They could even leave Tynecastle empty if they don't like the offers. Without continual maintenance, I don't think it would be that long before the cost of structural repairs would make continued use as a football stadium impractical, meaning that any council attempts to aid Hearts by blocking redevelopment for other purposes would become pointless. After a short period of neglect the regular appearance of wind-blown lumps of asbestos and stand roof in Gorgie Road would lead to demands for some nice modern flats to be built.
30-07-2013, 10:06 AM
s.a.m

Quote:

Originally Posted by ballengeich

That sounds quite possible. It'll take years rather than months to untangle Vlad's legacy - the paperwork may not be entirely intact.

Bathgate's piece in the Scotsman seemed to be based on a view that the Lithuanian administrators would be looking for a quick resolution of Hearts' affairs. I don't see why given the scale of their other work.

They could even leave Tynecastle empty if they don't like the offers. Without continual maintenance, I don't think it would be that long before the cost of structural repairs would make continued use as a football stadium impractical, meaning that any council attempts to aid Hearts by blocking redevelopment for other purposes would become pointless. After a short period of neglect the regular appearance of wind-blown lumps of asbestos and stand roof in Gorgie Road would lead to demands for some nice modern flats to be built.

:dunno: But who would run them in the meantime? BDO would be prohibitively expensive, wouldn't they?

Edit: quoted wrong post......should have been Clerrie Hibs one about them limping along in the meantime, while the Liths dither.
30-07-2013, 10:12 AM
ScottB

Surely the Liths will move sooner rather than later? Leaving them in admin just increases the amount due to BDO and reduces what they will get?
30-07-2013, 10:20 AM
CropleyWasGod

Quote:

Originally Posted by Bajillions

Sat at my desk with a cup of coffee catching up on this thread.

*Clicks above link*

"Football finance expert Neil Patey..."

*Immediately closes tab*

You can be such a bitch.
30-07-2013, 10:26 AM
robinp

Quote:

Originally Posted by CropleyWasGod

You can be such a bitch.

I was thinking the same as Bajillions, the boy Patey is a windbag, as the Rangers fallout showed.
30-07-2013, 10:29 AM
Phil D. Rolls

Quote:

Originally Posted by Heisenberg

According to #allisbarry Massone hasn't given any proof of funding yet...

Event : Massone has no money.
30-07-2013, 10:29 AM
robinp

Quote:

Originally Posted by ScottB

Surely the Liths will move sooner rather than later? Leaving them in admin just increases the amount due to BDO and reduces what they will get?

BDO may have agreed a fixed fee or a % of sale price as a fee.

Wgere i work, although not a big 4 IP firm/accountants, the bank instructed admins/liquidations I have worked on commonly are fixed fee, and you effectively tender for the work.
30-07-2013, 10:31 AM
CropleyWasGod

Quote:

Originally Posted by Filled Rolls

Event : Massone has no money.

Barry:- FOH in line to take over Hearts.
30-07-2013, 10:35 AM
Sanger

Quote:

Originally Posted by ScottB

Surely the Liths will move sooner rather than later? Leaving them in admin just increases the amount due to BDO and reduces what they will get?

they can put the proceeds in trust until Romanov web untangled.

Quote:

Originally Posted by Filled Rolls

Would that mean that Newyam would have a place to play until it is sold? Maybe even rent free, as a goodwill gesture.

All they'd have to do is pay maintenance of the stadium to meet safety requirements, council tax etc.....oh, wait.

Is this right?

The figure I have seen is £200m for the bailout of Ukio
30-07-2013, 10:38 AM
#FromTheCapital

Evening News Sport ‏@edinburghsport3mHearts fans refuse to give up fight for club as takeover bid is rejected http://bit.ly/1bEOYZk

Former chairman George Foulkes said the blanket brush-off was akin to “horse trading” and warned that driving the club to extinction was a dysfunctional financial gamble.
He said: “I’m a big fan of Dad’s Army and as Lance- Corporal Jones would say ‘Don’t panic!’. We are not at the stage of Private Fraser’s ‘We’re doomed’ and in my view this is all part of normal negotiating procedure.
“It’s the Foundation and the Massone bid which the Lithuanian administrators are using to try to get as much as they can out of the administration process. Now is the time for more people to come in and back the Foundation of Hearts.
“If there is a gap between what the Lithuanian administrator wants and what’s been offered, the Foundation will be more able to bridge that gap if more people get involved.”
He added: “The one thing the administrators have to realise is that if the club goes into liquidation they won’t get more, they will get less.
“The only people who can make profitable use of the asset is the football club. It’s not like the old situation [in 2004] when Cala Homes were willing to pay a huge amount of money to build flats.
“The property market has collapsed and the number of empty properties in Edinburgh enormous. There is an availability of land, particularly around Fountainbridge where you can find acres and acres of empty space, so liquidation will be a fire sale and is going to make less. They are better selling it as a going concern.”

:faf::faf::faf::faf: Foulkes ya ****in roaster
30-07-2013, 10:44 AM
Sylar

Quote:

Originally Posted by #FromTheCapital

Evening News Sport ‏@edinburghsport3mHearts fans refuse to give up fight for club as takeover bid is rejected http://bit.ly/1bEOYZk

Former chairman George Foulkes said the blanket brush-off was akin to “horse trading” and warned that driving the club to extinction was a dysfunctional financial gamble.
He said: “I’m a big fan of Dad’s Army and as Lance- Corporal Jones would say ‘Don’t panic!’. We are not at the stage of Private Fraser’s ‘We’re doomed’ and in my view this is all part of normal negotiating procedure.
“It’s the Foundation and the Massone bid which the Lithuanian administrators are using to try to get as much as they can out of the administration process. Now is the time for more people to come in and back the Foundation of Hearts.
“If there is a gap between what the Lithuanian administrator wants and what’s been offered, the Foundation will be more able to bridge that gap if more people get involved.”
He added: “The one thing the administrators have to realise is that if the club goes into liquidation they won’t get more, they will get less.
“The only people who can make profitable use of the asset is the football club. It’s not like the old situation [in 2004] when Cala Homes were willing to pay a huge amount of money to build flats.
“The property market has collapsed and the number of empty properties in Edinburgh enormous. There is an availability of land, particularly around Fountainbridge where you can find acres and acres of empty space, so liquidation will be a fire sale and is going to make less. They are better selling it as a going concern.”

:faf::faf::faf::faf: Foulkes ya ****in roaster

How in the name of **** did that halfwit get a peerage?!

:dunno:
30-07-2013, 10:47 AM
Phil D. Rolls

Quote:

Originally Posted by #FromTheCapital

Evening News Sport ‏@edinburghsport3mHearts fans refuse to give up fight for club as takeover bid is rejected http://bit.ly/1bEOYZk

Former chairman George Foulkes said the blanket brush-off was akin to “horse trading” and warned that driving the club to extinction was a dysfunctional financial gamble.
He said: “I’m a big fan of Dad’s Army and as Lance- Corporal Jones would say ‘Don’t panic!’. We are not at the stage of Private Fraser’s ‘We’re doomed’ and in my view this is all part of normal negotiating procedure.
“It’s the Foundation and the Massone bid which the Lithuanian administrators are using to try to get as much as they can out of the administration process. Now is the time for more people to come in and back the Foundation of Hearts.
“If there is a gap between what the Lithuanian administrator wants and what’s been offered, the Foundation will be more able to bridge that gap if more people get involved.”
He added: “The one thing the administrators have to realise is that if the club goes into liquidation they won’t get more, they will get less.
“The only people who can make profitable use of the asset is the football club. It’s not like the old situation [in 2004] when Cala Homes were willing to pay a huge amount of money to build flats.
“The property market has collapsed and the number of empty properties in Edinburgh enormous. There is an availability of land, particularly around Fountainbridge where you can find acres and acres of empty space, so liquidation will be a fire sale and is going to make less. They are better selling it as a going concern.”

:faf::faf::faf::faf: Foulkes ya ****in roaster

He's a stupid boy. He actually reminds me of a combination of Hodges and Mr. Yateman the verger. Both officious minor characters on the edge of a circus that won't listen to them, or let them participate.

Just waiting for Fuggup to tell the Lith ambassador his booking for a tea dance at the village hall is now no longer guaranteed.

Quote:

Originally Posted by The Story So Far...

How in the name of **** did that halfwit get a peerage?!

:dunno:

To make the rest of them look intelligent?
30-07-2013, 10:47 AM
lapsedhibee

Quote:

Originally Posted by #FromTheCapital

:faf::faf::faf::faf: Foulkes ya ****in roaster

:agree:

How many acres does the Wongadome site take up? I see that the completely independent council report estimated 12-16 acres for a new stadium site, but can't find any reference to the existing size. Befittingly big, obviously, but how big approximately? :dunno:

Quote:

Originally Posted by The Story So Far...

How in the name of **** did that halfwit get a peerage?!

:dunno:

Services to the dry cleaning industry. The amount of drool, slaver, etc, that he's produced, single-handedly, over the years will have kept untold hordes in continuous employment.
30-07-2013, 10:48 AM
Liberal Hibby

Quote:

Originally Posted by #FromTheCapital

Evening News Sport ‏@edinburghsport3mHearts fans refuse to give up fight for club as takeover bid is rejected http://bit.ly/1bEOYZk

particularly around Fountainbridge where you can find acres and acres of empty space, ”

:faf::faf::faf::faf: Foulkes ya ****in roaster

Yeh - between your ears!
30-07-2013, 10:51 AM
Geo_1875

Love the picture on the EEN story with the title "Neil Patey is a football finance expert."

Says who?
30-07-2013, 10:52 AM
Treadstone

Quote:

Originally Posted by Bajillions

Sat at my desk with a cup of coffee catching up on this thread.

*Clicks above link*

"Football finance expert Neil Patey..."

*Immediately closes tab*

:agree:

Quote:

Q What happens if Hearts enter liquidation?
A For Hearts to continue to exist, you would need a buyer to come along who was happy to set up a newco, buy the assets and apply for membership to League Two.

Patey has called it, League Two it is then. He should advise the SPFL because as yet there is no clarity on this. :cb
30-07-2013, 10:59 AM
Sanger

Hearts will be allowed tom soldier in

Quote:

Originally Posted by Treadstone

:agree:

Patey has called it, League Two it is then. He should advise the SPFL because as yet there is no clarity on this. :cb

Going by the press reports the SPFL will just let Hearts soldier on, not asking for their ability to trade for the whole season, and if they are liquidated after the season has started will declare all their results null and void and have a league of 11.
30-07-2013, 11:01 AM
Phil D. Rolls

Quote:

Originally Posted by desantos0773

Going by the press reports the SPFL will just let Hearts soldier on, not asking for their ability to trade for the whole season, and if they are liquidated after the season has started will declare all their results null and void and have a league of 11.

So, basically, move along nothing to see here?
30-07-2013, 11:01 AM
Gettin' Auld

1 Attachment(s)

Keep believing ya pish stained jakey.

Attachment 10732
30-07-2013, 11:08 AM
Keith_M

Quote:

Originally Posted by desantos0773

Going by the press reports the SPFL will just let Hearts soldier on, not asking for their ability to trade for the whole season, and if they are liquidated after the season has started will declare all their results null and void and have a league of 11.

Exactly, the interview with Donkeycaster was just how I imagined it. Nothing bad has happened and everything will be OK.

"All we can do is continue to monitor the situation" (English: Flucked if I know!)

With leaders of such intelligence and forethought, our game is in good hands indeed.
30-07-2013, 11:21 AM
Springbank

Quote:

Originally Posted by lapsedhibee

:agree:

How many acres does the Wongadome site take up? I see that the completely independent council report estimated 12-16 acres for a new stadium site, but can't find any reference to the existing size. Befittingly big, obviously, but how big approximately? :dunno:

You couldn't make this up (it was tweeted by @twistedtartan round new year) the area of tynecastle is 0.7 ha

Easter road is much bigger as befits the stadium in the capital with the record attendance (while we're on the subject of size)
30-07-2013, 11:24 AM
LeithBoozy

I still don't fully understand, If Locke gets found not guilty. They are self sufficient and only owe it to themselves. What does all this talk about creditors and liquidation mean. :confused:
30-07-2013, 11:27 AM
Springbank

Quote:

Originally Posted by #FromTheCapital

Evening News Sport ‏@edinburghsport3mHearts fans refuse to give up fight for club as takeover bid is rejected http://bit.ly/1bEOYZk

Former chairman George Foulkes said the blanket brush-off was akin to “horse trading” and warned that driving the club to extinction was a dysfunctional financial gamble.
He said: “I’m a big fan of Dad’s Army and as Lance- Corporal Jones would say ‘Don’t panic!’. We are not at the stage of Private Fraser’s ‘We’re doomed’ and in my view this is all part of normal negotiating procedure.
“It’s the Foundation and the Massone bid which the Lithuanian administrators are using to try to get as much as they can out of the administration process. Now is the time for more people to come in and back the Foundation of Hearts.
“If there is a gap between what the Lithuanian administrator wants and what’s been offered, the Foundation will be more able to bridge that gap if more people get involved.”
He added: “The one thing the administrators have to realise is that if the club goes into liquidation they won’t get more, they will get less.
“The only people who can make profitable use of the asset is the football club. It’s not like the old situation [in 2004] when Cala Homes were willing to pay a huge amount of money to build flats.
“The property market has collapsed and the number of empty properties in Edinburgh enormous. There is an availability of land, particularly around Fountainbridge where you can find acres and acres of empty space, so liquidation will be a fire sale and is going to make less. They are better selling it as a going concern.”

:faf::faf::faf::faf: Foulkes ya ****in roaster

Just as well Lord Foulkes isn't an advisor to any serious property developers

They may gently point out to him that while land sold at the peak of the market is still financially stuck (the old tartan club site for example) you'll find dozens of examples in Edinburgh (sometimes right next door to stalled sites) where land deals are going through and construction is not far off 2006 levels in Edinburgh.

Where are these?

Try fountainbridge (former brewery site) student housing
Try fairmilehead - 277 homes
Try kirkliston - village doubling in size
Try murrayfield - old s&n hq
Try the lochend butterfly behind ER - lots underway and nearing completion

What do they have in common - land deals since 2010 where there is huge appetite fit land in Edinburgh if it is priced sensibly
30-07-2013, 11:32 AM
Hibernia&Alba

Quote:

Originally Posted by #FromTheCapital

Evening News Sport ‏@edinburghsport3mHearts fans refuse to give up fight for club as takeover bid is rejected http://bit.ly/1bEOYZk

Former chairman George Foulkes said the blanket brush-off was akin to “horse trading” and warned that driving the club to extinction was a dysfunctional financial gamble.
He said: “I’m a big fan of Dad’s Army and as Lance- Corporal Jones would say ‘Don’t panic!’. We are not at the stage of Private Fraser’s ‘We’re doomed’ and in my view this is all part of normal negotiating procedure.
“It’s the Foundation and the Massone bid which the Lithuanian administrators are using to try to get as much as they can out of the administration process. Now is the time for more people to come in and back the Foundation of Hearts.
“If there is a gap between what the Lithuanian administrator wants and what’s been offered, the Foundation will be more able to bridge that gap if more people get involved.”
He added: “The one thing the administrators have to realise is that if the club goes into liquidation they won’t get more, they will get less.
“The only people who can make profitable use of the asset is the football club. It’s not like the old situation [in 2004] when Cala Homes were willing to pay a huge amount of money to build flats.
“The property market has collapsed and the number of empty properties in Edinburgh enormous. There is an availability of land, particularly around Fountainbridge where you can find acres and acres of empty space, so liquidation will be a fire sale and is going to make less. They are better selling it as a going concern.”

:faf::faf::faf::faf: Foulkes ya ****in roaster

Auld pishy troosers has had a complete mental collapse because of all this. Reduced to wandering around Edinburgh mumbling to himself, carrying a Farmfoods carrier bag and drinking spirits at bus stops, telling strangers he used to be somebody important. Tragic. :lolyam:
30-07-2013, 11:34 AM
clerriehibs

Quote:

Originally Posted by The Story So Far...

How in the name of **** did that halfwit get a peerage?!

:dunno:

It was actually an angry piss, ie pee rage.
30-07-2013, 11:36 AM
lapsedhibee

Quote:

Originally Posted by Springbank

You couldn't make this up (it was tweeted by @twistedtartan round new year) the area of tynecastle is 0.7 ha

Easter road is much bigger as befits the stadium in the capital with the record attendance (while we're on the subject of size)

0.7 ha is the size of the pitch, I guess, but what about the asbestos sheds and that? :dunno:
30-07-2013, 11:39 AM
Sergio sledge

Quote:

Originally Posted by Springbank

You couldn't make this up (it was tweeted by @twistedtartan round new year) the area of tynecastle is 0.7 ha

Easter road is much bigger as befits the stadium in the capital with the record attendance (while we're on the subject of size)

That'll be the size of the pitch, that's about 70m x 100m. Including stands etc, it'll be bigger than that.
30-07-2013, 11:39 AM
Springbank

Quote:

Originally Posted by lapsedhibee

0.7 ha is the size of the pitch, I guess, but what about the asbestos sheds and that? :dunno:

Agh spot on

ER is 0.85ha for the pitch

No info on land take of the remainder im afraid
30-07-2013, 11:40 AM
Hibernia&Alba

Quote:

Originally Posted by Sergio sledge

That'll be the size of the pitch, that's about 70m x 100m. Including stands etc, it'll be bigger than that.

Not for long :greengrin
30-07-2013, 11:41 AM
clerriehibs

Quote:

Originally Posted by Ozyhibby

http://m.scotsman.com/sport/football...real-1-3020961

A warning to the Lithuanians.

Is the photo attached to that story a photo-shop, a coincidence or a f&%ing brlliant hibee wind-up?!?!?
30-07-2013, 11:43 AM
Caversham Green

Quote:

Originally Posted by Gettin' Auld

Keep believing ya pish stained jakey.

Attachment 10732

That picture's just crying out for a photoshopper to change the last four letters to 'lend'.
30-07-2013, 11:46 AM
Gettin' Auld

Quote:

Originally Posted by Caversham Green

That picture's just crying out for a photoshopper to change the last four letters to 'lend'.

:thumbsup:
30-07-2013, 11:48 AM
PapillonVert

Quote:

Originally Posted by clerriehibs

Surely the Lithuanians have months of untangling the UKIO/UBIG mess?

They may be tempted to postpone the recovery of this paltry amount if homfc can claim to expect a full season of trading, in the hope another, better suitor comes along?

I wonder if the Lithuanians have someone already in the background who is not interested in the football club but just getting a hold of the land?

Hence the hint about millions more being needed and the underlying hint of those millions being forthcoming tout de suite - or else.

Just wondered. After all, if you were only interested in the land, why pfaff around with the administrators of HMFC and all this 'going concern' nonsense rather than go straight to the Lithuanians who are the real decision makers and let them know you are ready to buy and pay x amount if it's a liquidation sale? Tactically, you would also want to see the liquidation in process asap hence the pressure on BDO to move things along.

That way the Lithuanians can force FoH and Massone either to come up with a much better offer prontissimo or they proceed straight to liquidation.

Not much reason to hang around whilst BDO and FoH count the pennies and halfpennies in the kiddies' piggybanks and try to sell half-stale buns for ten a penny and still be millions short when you could get your hands on some real cash through a liquidation sale.
30-07-2013, 11:49 AM
The Green Goblin

Quote:

Originally Posted by Ozyhibby

http://m.scotsman.com/sport/football...real-1-3020961

A warning to the Lithuanians.

That pish from the same man who tweeted in agreement with Ian (I'm an MP) Murray a few weeks back that in spite of everything, 5-1 made it all "worth it".

Complete roasters.
30-07-2013, 11:51 AM
cocopops1875

Quote:

Originally Posted by The Story So Far...

It's alright! Hang off on the Doomsday predictions! The Hibs tickets are selling well and they're having a "Trial of Gary Locke" in the Gorgie Suite this coming Monday where tickets are £10 each!

#allisonceagainbarry...

Don't forget the Foo Fighters gig too
30-07-2013, 11:53 AM
clerriehibs

Quote:

Originally Posted by PapillonVert

I wonder if the Lithuanians have someone already in the background who is not interested in the football club but just getting a hold of the land?

Hence the hint about millions more being needed and the underlying hint of those millions being forthcoming tout de suite - or else.

Just wondered. After all, if you were only interested in the land, why pfaff around with the administrators of HMFC and all this 'going concern' nonsense rather than go straight to the Lithuanians who are the real decision makers and let them know you are ready to buy and pay x amount if it's a liquidation sale? Tactically, you would also want to see the liquidation in process asap hence the pressure on BDO to move things along.

That way the Lithuanians can force FoH and Massone either to come up with a much better offer prontissimo or they proceed straight to liquidation.

Not much reason to hang around whilst BDO and FoH count the pennies and halfpennies in the kiddies' piggybanks and try to sell half-stale buns for ten a penny and still be millions short when you could get your hands on some real cash through a liquidation sale.

good points, well made, I'll sleep better tonight!
30-07-2013, 11:55 AM
Matt92

Quote:

Originally Posted by #FromTheCapital

Evening News Sport ‏@edinburghsport3mHearts fans refuse to give up fight for club as takeover bid is rejected http://bit.ly/1bEOYZk

Former chairman George Foulkes said the blanket brush-off was akin to “horse trading” and warned that driving the club to extinction was a dysfunctional financial gamble.
He said: “I’m a big fan of Dad’s Army and as Lance- Corporal Jones would say ‘Don’t panic!’. We are not at the stage of Private Fraser’s ‘We’re doomed’ and in my view this is all part of normal negotiating procedure.
“It’s the Foundation and the Massone bid which the Lithuanian administrators are using to try to get as much as they can out of the administration process. Now is the time for more people to come in and back the Foundation of Hearts.
“If there is a gap between what the Lithuanian administrator wants and what’s been offered, the Foundation will be more able to bridge that gap if more people get involved.”
He added: “The one thing the administrators have to realise is that if the club goes into liquidation they won’t get more, they will get less.
“The only people who can make profitable use of the asset is the football club. It’s not like the old situation [in 2004] when Cala Homes were willing to pay a huge amount of money to build flats.
“The property market has collapsed and the number of empty properties in Edinburgh enormous. There is an availability of land, particularly around Fountainbridge where you can find acres and acres of empty space, so liquidation will be a fire sale and is going to make less. They are better selling it as a going concern.”

:faf::faf::faf::faf: Foulkes ya ****in roaster

Its not like the biggest and the best developers have ridden out the recession, are quickly recouping their share prices and are on the prowl for development sites given how dirt cheap they can get them. What better a place to get an absolute bargain, cut-price development than to buy from an institution on its knees run by administrators begging for money? It would also be great PR for them with such a high-profile development (e.g. Arsenals Highbury flat development).
Cala, Persimmon, Miller, Barrats, Hammerson and a host of Edinburgh development companies would be able to afford many millions more than any of the pathetic consortium's are currently bidding.

Whether the deluded idiots over the road like it or not, the administrators and current owners of the club do not give one single flying **** about Heart of Midlothian Football Club. In Lithuania (and everywhere else outside of the UK) they are absolute nobodies who these businessmen have no affiliation or feelings about. As soon as a good bid, even an unofficial approach comes in, boom, bye bye Hearts.
They will compare themselves to Rangers, except their fanbase is -20x and they have no valuable assets worth keeping as a footballing complex since they rent from a university and their stadium is crumbling around them.

I genuinely cannot see how keeping the club alive is in the best interest of their creditors who have already been shafted a few for millions.
30-07-2013, 11:57 AM
Springbank

Quote:

Originally Posted by Matt92

Its not like the biggest and the best developers have ridden out the recession, are quickly recouping their share prices and are on the prowl for development sites given how dirt cheap they can get them. What better a place to get an absolute bargain, cut-price development than to buy from an institution on its knees run by administrators begging for money? It would also be great PR for them with such a high-profile development (e.g. Arsenals Highbury flat development).
Cala, Persimmon, Miller, Barrats, Hammerson and a host of Edinburgh development companies would be able to afford many millions more than any of the pathetic consortium's are currently bidding.

Whether the deluded idiots over the road like it or not, the administrators and current owners of the club do not give one single flying **** about Heart of Midlothian Football Club. In Lithuania (and everywhere else outside of the UK) they are absolute nobodies who these businessmen have no affiliation or feelings about. As soon as a good bid, even an unofficial approach comes in, boom, bye bye Hearts.
They will compare themselves to Rangers, except their fanbase is -20x and they have no valuable assets worth keeping as a footballing complex since they rent from a university and their stadium is crumbling around them.

I genuinely cannot see how keeping the club alive is in the best interest of their creditors who have already been shafted a few for millions.

Bullseye
30-07-2013, 11:59 AM
Hank Schrader

Rolland

Anyone else notice Rollands comment on the latest EEN article? Stating that both Lithuanian admins would join forces to agree a deal with the preferred bidder and that Hearts would start the season debt free with a fully invested squad, albeit with minus 15 points. Yes, all this will happen by Saturday. :aok:

Does Rolland have a show on at this years Edinburgh Fringe Festival? I would be surprised if he didn't, the guy is absolutely hilarious.
30-07-2013, 12:04 PM
Treadstone

Quote:

Originally Posted by Puzzle

Anyone else notice Rollands comment on the latest EEN article? Stating that both Lithuanian admins would join forces to agree a deal with the preferred bidder and that Hearts would start the season debt free with a fully invested squad, albeit with minus 15 points. Yes, all this will happen by Saturday. :aok:

Does Rolland have a show on at this years Edinburgh Fringe Festival? I would be surprised if he didn't, the guy is absolutely hilarious.

Season starts on Friday.:thumbsup:
30-07-2013, 12:07 PM
Hibee87

Quote:

Originally Posted by Matt92

Its not like the biggest and the best developers have ridden out the recession, are quickly recouping their share prices and are on the prowl for development sites given how dirt cheap they can get them. What better a place to get an absolute bargain, cut-price development than to buy from an institution on its knees run by administrators begging for money? It would also be great PR for them with such a high-profile development (e.g. Arsenals Highbury flat development).
Cala, Persimmon, Miller, Barrats, Hammerson and a host of Edinburgh development companies would be able to afford many millions more than any of the pathetic consortium's are currently bidding.

Whether the deluded idiots over the road like it or not, the administrators and current owners of the club do not give one single flying **** about Heart of Midlothian Football Club. In Lithuania (and everywhere else outside of the UK) they are absolute nobodies who these businessmen have no affiliation or feelings about. As soon as a good bid, even an unofficial approach comes in, boom, bye bye Hearts.
They will compare themselves to Rangers, except their fanbase is -20x and they have no valuable assets worth keeping as a footballing complex since they rent from a university and their stadium is crumbling around them.

I genuinely cannot see how keeping the club alive is in the best interest of their creditors who have already been shafted a few for millions.

One of your said compaines I work for, i dont think they plan to bid....however a quick chat with one of the devolpment directors puts a value on the land between 9 - 12 million, said around 10 mil would be his estimate of an acceptable bid.
30-07-2013, 12:13 PM
lapsedhibee

Quote:

Originally Posted by Hibee87

One of your said compaines I work for, i dont think they plan to bid....however a quick chat with one of the devolpment directors puts a value on the land between 9 - 12 million, said around 10 mil would be his estimate of an acceptable bid.

£10m! That's only about a paragraph of work for that fiction writer that's got a soft spot for the yams (no, not Southern/Bathgate/Anderson - I mean Jakey Rolling).

She'll just buy it and give it back to them, or they'll owe it to herself, or somesuch. It looks like they're going to get away with everything Scot free.
30-07-2013, 12:14 PM
Seveno

What I would like to know is ...... do our Admin guys have plans for additional servers to cope with the flood of posts when the Big L happens ?
30-07-2013, 12:17 PM
Coco Bryce

They lot are going nowhere!

The FOH are coming back in with a much improved offer.

#allisbarry
30-07-2013, 12:17 PM
Hibernia&Alba

Quote:

Originally Posted by Seveno

What I would like to know is ...... do our Admin guys have plans for additional servers to cope with the flood of posts when the Big L happens ?

Back up generator is ready to go. The national grid is gonna light up like a Christmas tree :thumbsup:
30-07-2013, 12:21 PM
Treadstone

Quote:

Originally Posted by The Green Goblin

That pish from the same man who tweeted in agreement with Ian (I'm an MP) Murray a few weeks back that in spite of everything, 5-1 made it all "worth it".

Complete roasters.

#allisbathgate
30-07-2013, 12:23 PM
AndyM_1875

Quote:

Originally Posted by Puzzle

Anyone else notice Rollands comment on the latest EEN article? Stating that both Lithuanian admins would join forces to agree a deal with the preferred bidder and that Hearts would start the season debt free with a fully invested squad, albeit with minus 15 points. Yes, all this will happen by Saturday. :aok:

Does Rolland have a show on at this years Edinburgh Fringe Festival? I would be surprised if he didn't, the guy is absolutely hilarious.

Rolland really is a prize plum and a :trumpet: of epic proportions.

Another roaster of epic propertions is Falkirk Jambo, a slavering gibbering buffoon of a man.
30-07-2013, 12:32 PM
AinsterHibs

Quote:

Originally Posted by AndyM_1875

Rolland really is a prize plum and a :trumpet: of epic proportions.

Another roaster of epic propertions is Falkirk Jambo, a slavering gibbering buffoon of a man.

Not to mention wereheretostay and weefordy, complete cheese quavers - they bite at every opportunity.
30-07-2013, 01:37 PM
Makaveli

I see Murray has the begging bowl out again for more pledges.

November 2012: "If we could harness 25,000 Hearts fans, and we think we can, paying £10 a month then that's £250,000 a month coming in."

July 2013: "The Foundation’s bid is by far the most transparent of the remaining two and has backing from around 5500 Hearts fans."

:lolyam:
30-07-2013, 01:39 PM
7062

Quote:

Originally Posted by Makaveli

I see Murray has the begging bowl out again for more pledges.

November 2012: "If we could harness 25,000 Hearts fans, and we think we can, paying £10 a month then that's £250,000 a month coming in."

July 2013: "The Foundation’s bid is by far the most transparent of the remaining two and has backing from around 5500 Hearts fans."

:lolyam:

5500?? Is the number getting smaller? Thought they had over 6000.
30-07-2013, 01:41 PM
The Green Goblin

Quote:

Originally Posted by 7062

5500?? Is the number getting smaller? Thought they had over 6000.

A mere fraction of the global interest they have the potential to harness. :faf:
30-07-2013, 01:42 PM
Makaveli

Quote:

Originally Posted by 7062

5500?? Is the number getting smaller? Thought they had over 6000.

The 5500 figure is from today's Banderson article.
30-07-2013, 01:51 PM
McSwanky

Here's an understatement:

5,500 < 25,000
30-07-2013, 02:00 PM
21.05.2016

Quote:

Originally Posted by Makaveli

I see Murray has the begging bowl out again for more pledges.

November 2012: "If we could harness 25,000 Hearts fans, and we think we can, paying £10 a month then that's £250,000 a month coming in."

July 2013: "The Foundation’s bid is by far the most transparent of the remaining two and has backing from around 5500 Hearts fans."

:lolyam:

What happened to the 400,000 fanbase they claimed to have :confused: :ostrich::jamboclow
30-07-2013, 02:06 PM
7062

Quote:

Originally Posted by Makaveli

The 5500 figure is from today's Banderson article.

On 18/07 they were 'on their way to 6,000'. Maybe that's where I got that number.

http://m.edinburghnews.scotsman.com/...rray-1-3006053
30-07-2013, 02:11 PM
greenpaper55

Quote:

Originally Posted by AndyM_1875

Rolland really is a prize plum and a :trumpet: of epic proportions.

Another roaster of epic propertions is Falkirk Jambo, a slavering gibbering buffoon of a man.

I can beat that, remember thon VictorIan that used to back up Vlad at every opportunity, he must be in a straight jacket somewhere !.
30-07-2013, 02:13 PM
Sergey

Quote:

Originally Posted by greenpaper55

I can beat that, remember thon VictorIan that used to back up Vlad at every opportunity, he must be in a straight jacket somewhere !.

He did speak some pish :agree:
30-07-2013, 02:19 PM
Zondervan

The EEN photographer credited with the photo is a Hibby. And a genius!
30-07-2013, 02:24 PM
HibbySpurs

Quote:

Originally Posted by Sergey

He did speak some pish :agree:

I always thought VictorIan had to be a Hibby at the wind up:greengrin
30-07-2013, 02:25 PM
Prof. Shaggy

Quote:

Originally Posted by bingo70

Why would they let them build a new school next to it if it was unsafe at all?

If a housing developer wasn't given permission to build by the council could they appeal this in the courts? Sounds to me like the council are trying to move the goalposts to suit their agenda.

They might even take it to the Local Authority Ombudsman.
:wink:
30-07-2013, 02:26 PM
21.05.2016

Quote:

Originally Posted by Bajillions

"Sporting integrity is beyond purchase"

Exactly, that moral less, corrupt grotty little laughing stock of a club have cheated for years to gain advantage over other clubs playing within the rules and for that they deserve every punishment they get.
30-07-2013, 02:29 PM
jgl07

Quote:

Originally Posted by Prof. ****gy

The might even take it to the Local Authority Ombudsman.
:wink:

No you would appeal the refusal of the planning application to the secretary of state.

Most dubious refusals will be overturned on appeal.
30-07-2013, 02:32 PM
CyberSauzee

Quote:

Originally Posted by Sergey

He did speak some pish :agree:

He did like you though ;-)
30-07-2013, 02:34 PM
Prof. Shaggy

Quote:

Originally Posted by jgl07

No you would appeal the refusal of the planning application to the secretary of state.

Most dubious refusals will be overturned on appeal.

I know, but does the secretary of state attend games at ER? :greengrin
30-07-2013, 03:00 PM
Arch Stanton

Wouldn't UKIO get it's best deal by selling the club as a going concern but keep hold of the ground?
They could offer a 2-year lease to the club as an interim measure. Since both the ground and the club have value then separating the two would get them a better return I'm sure.
30-07-2013, 03:04 PM
greenlex

Quote:

Originally Posted by crabis

Wouldn't UKIO get it's best deal by selling the club as a going concern but keep hold of the ground?
They could offer a 2-year lease to the club as an interim measure. Since both the ground and the club have value then separating the two would get them a better return I'm sure.

Ukio will cease to exist at the end of the process so investing isnt in the remit.
30-07-2013, 03:05 PM
CropleyWasGod

Quote:

Originally Posted by crabis

Wouldn't UKIO get it's best deal by selling the club as a going concern but keep hold of the ground?
They could offer a 2-year lease to the club as an interim measure. Since both the ground and the club have value then separating the two would get them a better return I'm sure.

They need cash. The sooner, the better.
30-07-2013, 03:06 PM
hibees 7062

Quote:

Originally Posted by AndyM_1875

Rolland really is a prize plum and a :trumpet: of epic proportions.

Another roaster of epic propertions is Falkirk Jambo, a slavering gibbering buffoon of a man.

And Tristan . Larry , Curly and Mo :greengrin
30-07-2013, 03:10 PM
SunshineOnLeith

Quote:

Originally Posted by CropleyWasGod

They need cash. The sooner, the better.

The first part of his post is valid though, they could sell the two parts separately and leave whoever buys the club with the problem of finding a ground. If they could then quickly agree a groundshare with someone they could, at least on the face of it, fulfill their fixtures.
30-07-2013, 03:14 PM
CropleyWasGod

Quote:

Originally Posted by SunshineOnLeith

The first part of his post is valid though, they could sell the two parts separately and leave whoever buys the club with the problem of finding a ground. If they could then quickly agree a groundshare with someone they could, at least on the face of it, fulfill their fixtures.

Not getting you.

He said "Wouldn't UKIO get it's best deal by selling the club as a going concern but keep hold of the ground? "

Firstly, UKIO don't own the ground. Secondly, they wouldn't want it. They want cash.

Or have I misunderstood your point?

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