Share Transfers Agreed/Cooling off period

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19-02-2013, 12:05 PM
GordonHFC

Quote:

Originally Posted by WhileTheChief..

The widely held view on kickback seems to be that this is all great news and that somehow a new buyer will be able to get the club and tynie for pennies and be debt free as a result of admin.

The widely held view on here is that they are going down the pan.

You seem to be up to speed on this and I was wondering if you've ventured over there to see what they are saying? I appreciate that their is an element of green / maroon tinted specs to the way we are all trying to understand what's going on but there must be some middle ground that even the most yam-hating Hibby and deluded-believing yam can agree on??

Personally I think they will be in admin / liquidated within a week or 2. However, is it not possible that FOH / any other numpties could then purchase tynie for a knock down price and start again as NewHearts in div3?The way I see it is that the administrators will need to get the best deal possible so if no developers come in for the site then that paves the way for a cheeky wee bid from FOH , or as you say Massone. They would then own the club and tynie - would the debt be completely gone?

It really annoys me that they have the belief that they will come out of this debt free and still play at tynie. I just can't see how this is possible? :confused:

Why couldnt we start some cake bakes of our own and get enough to put in our own cheeky wee bid.
19-02-2013, 12:07 PM
Mikey

Does anyone know when they're likely to have another payment to HMRC due? That'll be a tricky one to meet :greengrin
19-02-2013, 12:14 PM
EdinMike

Quote:

Originally Posted by Mikey

Does anyone know when they're likely to have another payment to HMRC due? That'll be a tricky one to meet :greengrin

Wasn't there a "Deal" worked out for something to be paid over the next 3 years ?!

Ring those bells !
19-02-2013, 12:18 PM
Mon Dieu4

Quote:

Originally Posted by Mikey

Does anyone know when they're likely to have another payment to HMRC due? That'll be a tricky one to meet :greengrin

im sure its £400k in June and as you confirmed yesterday they are due a hefty payment to UBIG around the same time with no chance of another debt swap or delay likely
19-02-2013, 12:20 PM
#FromTheCapital

Quote:

Originally Posted by EdinMike

Wasn't there a "Deal" worked out for something to be paid over the next 3 years ?!

Ring those bells !

Think he's referring to the normal taxes that every business must pay, such as PAYE, VAT etc
19-02-2013, 12:29 PM
CropleyWasGod

Quote:

Originally Posted by Mikey

Does anyone know when they're likely to have another payment to HMRC due? That'll be a tricky one to meet :greengrin

22nd :agree:
19-02-2013, 12:31 PM
blindsummit

Where are the share certificates! We demand to know. I don't think Hertz have even properly registered these supposed "shares" yet. If I can figure out how to master Twitter i think there's a need for a #wherearetheshares tag :agree:
19-02-2013, 12:42 PM
crewetollhibee

Quote:

Originally Posted by monktonharp

nah, Semtex is the stuff these days:greengrin mkes a far better level (NON) playing field

Fixed that for you :wink:
19-02-2013, 12:42 PM
Caversham Green

Quote:

Originally Posted by WhileTheChief..

The widely held view on kickback seems to be that this is all great news and that somehow a new buyer will be able to get the club and tynie for pennies and be debt free as a result of admin.

The widely held view on here is that they are going down the pan.

You seem to be up to speed on this and I was wondering if you've ventured over there to see what they are saying? I appreciate that their is an element of green / maroon tinted specs to the way we are all trying to understand what's going on but there must be some middle ground that even the most yam-hating Hibby and deluded-believing yam can agree on??

Personally I think they will be in admin / liquidated within a week or 2. However, is it not possible that FOH / any other numpties could then purchase tynie for a knock down price and start again as NewHearts in div3?

The way I see it is that the administrators will need to get the best deal possible so if no developers come in for the site then that paves the way for a cheeky wee bid from FOH , or as you say Massone. They would then own the club and tynie - would the debt be completely gone?

It really annoys me that they have the belief that they will come out of this debt free and still play at tynie. I just can't see how this is possible? :confused:

I do look over there regularly and I think most of them over there are being wildly optimistic. To balance that, I don't think they are going to suffer the terrible fate that some on here are anticipating either (although they could).

As things stand UBIG can't realistically sell HoMFC as a going concern for less than the value of the security they've signed over to Ukio, because that money is due from UBIG regardless of what happens re the football club. If UBIG enter administration things change somewhat because then the administrators will just be trying to get as much as they can out of the whole situation and would be more willing to strike a cheaper deal. They will however, have absolutely no concerns about what happens to HoMFC or Tynecastle, they will simply be looking to get as much money as they can for their clients.

I was more concerned when Vlad was in control of the debt tbh - I had a feeling he might 'give' away a debt-free club as a parting gesture, but now control is out of his hands things look much darker for them - everything will be done in a purely commercial way.

I wouldn't like to predict exactly what will happen - there are still too many variables to do that sensibly, but my best bet would be a Massone-owned original HoMFC languishing in SFL1 in the next few years (or in the middle 8 if the reconstruction proposals did take place. A Sevco-style resurrection is probably the worst that could realistically happen to them.
19-02-2013, 12:50 PM
green glory

Quote:

Originally Posted by blindsummit

Where are the share certificates! We demand to know. I don't think Hertz have even properly registered these supposed "shares" yet. If I can figure out how to master Twitter i think there's a need for a #wherearetheshares tag :agree:

You can them to the #jambogeddon #maroonsevco #allisbarry hashtags. :-D
19-02-2013, 01:10 PM
jgl07

Quote:

Originally Posted by nribs

Even should Hearts face a points deduction of 18 points and they were to finish bottom, could the possibility of league reconstruction for next season not save them?

Imagine though if Heart were to be relegated after a points deudction and that saved Dundee, Dundee would have done very well out of Rangers and Hearts spending what they don't have, yet Dundee were done twice for it?

Why would that happen?

A 16/18-team top Division is not on the agenda.

The options are status quo or the new 12+12 format.
19-02-2013, 01:17 PM
Spike Mandela

Quote:

Originally Posted by Caversham Green

I wouldn't like to predict exactly what will happen - there are still too many variables to do that sensibly, but my best bet would be a Massone-owned original HoMFC languishing in SFL1 in the next few years (or in the middle 8 if the reconstruction proposals did take place. A Sevco-style resurrection is probably the worst that could realistically happen to them.

What you really describe Cav is a differently owned version of us then, except with a few cups and some rollercoaster times in the bag. Surely it's got to be worse for them than that.
19-02-2013, 01:23 PM
jgl07

Quote:

Originally Posted by hibsmad

What do you think is best case scenario for them as it stands now CG?

I'm praying that they are either liquidated, or if they manage to squirm their way out of that one, that they at least lose their stadium (when I say stadium I off course mean that pink monstrosity that they like to pass off as a stadium).

My concern there though is that no one will demolish it due to the bad publicity it would bring.

Without serious investment the main stand will have to be closed soon anyway.

The 'new' stands are cheap and nasty. The stadium is doomed.

The best case is probably playing at Livingston in the First Division (or SPL2) next season. They will have to pay wages that they can afford rather than the silly money they have been splashing out from the Mercer period onwards.

Their worst case will be Sevco East playing in Division 3.
19-02-2013, 01:26 PM
Ozyhibby

My prediction is a newco renting either Murrayfield, Tynecastle, Easter Road or Livingston.
Murrayfield would seem most likely but the rent will be high for a 3rd division team to sustain.
19-02-2013, 01:28 PM
lord bunberry

Quote:

Originally Posted by Caversham Green

I do look over there regularly and I think most of them over there are being wildly optimistic. To balance that, I don't think they are going to suffer the terrible fate that some on here are anticipating either (although they could).

As things stand UBIG can't realistically sell HoMFC as a going concern for less than the value of the security they've signed over to Ukio, because that money is due from UBIG regardless of what happens re the football club. If UBIG enter administration things change somewhat because then the administrators will just be trying to get as much as they can out of the whole situation and would be more willing to strike a cheaper deal. They will however, have absolutely no concerns about what happens to HoMFC or Tynecastle, they will simply be looking to get as much money as they can for their clients.

I was more concerned when Vlad was in control of the debt tbh - I had a feeling he might 'give' away a debt-free club as a parting gesture, but now control is out of his hands things look much darker for them - everything will be done in a purely commercial way.

I wouldn't like to predict exactly what will happen - there are still too many variables to do that sensibly, but my best bet would be a Massone-owned original HoMFC languishing in SFL1 in the next few years (or in the middle 8 if the reconstruction proposals did take place. A Sevco-style resurrection is probably the worst that could realistically happen to them.

Do you think massone would pass the fit and proper person's test. I'm sure the sfa don't want another Craig whyte situation
19-02-2013, 01:31 PM
Saorsa

Quote:

Originally Posted by lord bunberry

Do you think massone would pass the fit and proper person's test. I'm sure the sfa don't want another Craig whyte situation

Chuckie Green?

that must be some test. :faf:
19-02-2013, 01:32 PM
s.a.m

I've wondered about that myself. I can't remember what the fallout was.
19-02-2013, 01:38 PM
lord bunberry

Quote:

Originally Posted by Desperate Dan

Chuckie Green?

that must be some test. :faf:

The sfa do love making rules its enforcing them that's the problem
19-02-2013, 01:44 PM
Treadstone

Particularly like the fifth paragraph.

http://www.businessweek.com/news/201...lvency-payouts

Quote:

The deposit insurance fund would seek to recover its money over time through bankruptcy proceedings for the “bad” part of Ukio’s assets that won’t be taken over by Siauliu, according to Sadzius. “This really is the best of the alternatives we had,” he said.
19-02-2013, 01:49 PM
sadtom

Quote:

Originally Posted by PatHead

Keep it in Leith. The tobacconist at the bottom end of Leith Walk

Fair shout but there is a certain appeal in buying one from a tobacconist which is just a decent gob away from the heart of midlothian.
What the hell! I'll buy 2!! :greengrin
19-02-2013, 01:49 PM
Kato

Quote:

Originally Posted by Treadstone

Particularly like the fifth paragraph.

http://www.businessweek.com/news/201...lvency-payouts

But surely Hearts are a good asset given they are a self-sufficient stand alone business now (s******).
19-02-2013, 01:50 PM
greenginger

Quote:

Originally Posted by Treadstone

Particularly like the fifth paragraph.

http://www.businessweek.com/news/201...lvency-payouts

http://www.bloomberg.com/news/2013-0...y-payouts.html

Bloomberg saying the same thing.

Now will the Yams be considered a bad ass. or a good ass. ?
19-02-2013, 02:06 PM
green glory

Quote:

Originally Posted by greenginger

http://www.bloomberg.com/news/2013-0...y-payouts.html

Bloomberg saying the same thing.

Now will the Yams be considered a bad ass. or a good ass. ?

Only Vlad can answer that one as he's got so much experience shafting them.
19-02-2013, 02:11 PM
Hibee87

Quote:

Originally Posted by greenginger

http://www.bloomberg.com/news/2013-0...y-payouts.html

Bloomberg saying the same thing.

Now will the Yams be considered a bad ass. or a good ass. ?

My understanding is Hearts dont fall into any of those catagories, infacr as far as i know dont mean diddly at the moment. What we need to know is if UBIG is a bad or good part? it is only if/when UBIG hit the rocks will it have a direct impact to hearts. At least thats my understanding
19-02-2013, 02:13 PM
Part/Time Supporter

Quote:

Originally Posted by Hibee87

My understanding is Hearts dont fall into any of those catagories, infacr as far as i know dont mean diddly at the moment. What we need to know is if UBIG is a bad or good part? it is only if/when UBIG hit the rocks will it have a direct impact to hearts. At least thats my understanding

:agree:
19-02-2013, 02:31 PM
WhileTheChief..

Caversham - Thanks for the response.
19-02-2013, 02:37 PM
steviehibsleith

Quote:

Originally Posted by EdinMike

Wasn't there a "Deal" worked out for something to be paid over the next 3 years ?!

Ring those bells !

Ring the bells a little louder i believe it is in 3 installments over a year and a half ! 3x 500k payments starting in June . This was for the unpaid tax on all the Lithuanians who were paying zero tax.
19-02-2013, 02:49 PM
EdinMike

Quote:

Originally Posted by steviehibsleith

Ring the bells a little louder i believe it is in 3 installments over a year and a half ! 3x 500k payments starting in June . This was for the unpaid tax on all the Lithuanians who were paying zero tax.

Did they change it recently ?! I knew I read it somewhere..

http://www.independent.co.uk/sport/f...s-8381325.html

Quote:

Now Hearts have come to an agreement to pay £1.5m over a three-year period.

Whatever the arrangement is, I'de be asking for my money now before they don't get it at all ! *Green-Tinted Glasses are staying ON !*
19-02-2013, 02:49 PM
poolman

Quote:

Originally Posted by steviehibsleith

Ring the bells a little louder i believe it is in 3 installments over a year and a half ! 3x 500k payments starting in June . This was for the unpaid tax on all the Lithuanians who were paying zero tax.

According to Scotzine the first instalment is due in May

I know it's only a month before but it's getting nearer :devil:

http://www.scotzine.com/2012/12/hear...r-tax-dispute/
19-02-2013, 02:53 PM
HibeeMG

Is it not the case that this "deal" is dependent on them keeping up to date with their current PAYE and VAT payments?

I seem to recall that if they are late with any of these then the "deal" becomes null and void and that the outstanding amount becomes due immediately.

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