If the votes are made public it could be very tricky for a small local business if they voted against the CVA and alienated 400,000 potential customers.
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#80%is barry
Surrounding the Jambo meltdown, I am personally sick to the back teeth of hearing about it at work, on TV and in the newspapers, you simply can't escape it.
Furthermore, the hedonist has raised his ugly head once again, how many times must we suffer his self-sanctimonious speeches under the face of charlatan. But its the maggots and sycophants I really loath the most who jockey for a piece of the limelight with their pledges to "Save our Hearts". The Circus did not die when administration kicked in, the Circus has graduated to a new and disgusting level.
aye, he did point it out and I've had a look at the advert. but, where does it explain what it does for "kicks for kids" ? other adverts have info, but this one:confused: anyhoo, nae city cabs fur me.they can help foh if they want, or big hearts if they're daft enough
i read ian murray yesterday,regarding building on tynecastle,i have worked for one of the biggest house builders for 17 years,in that time profit has always taken priority over sentiment.should ian murray be looking at the people who are guilty of bringing romanov to hearts instead of more propoganda,
As a Londoner the only place I read about it is here....
As the Grolsch man used to say "shtop - itsh not ready yet"
It will be soon enough
Murray just spouts un-informed crap typical of clueless politicians.
If Tynecastle was taken over for a development site the first thing would be to get a demolition contractor in to clear the site. ( reputations don't count in that trade )
It would be a cleared site that the Developer would be taking on and the memory of a football club once playing there would be a fast fading memory and no fault could be attached to any site purchaser.
Murray clutching at straws, someone should ask him if he has any concerns about the cash owed to the Big Hearts Charity as it never seemed to get a mention anywhere but Hibs.net.
I'm not so sure about it being just another building site - would it not be the case of still having a memorial garden where the pitch is for respect of those whose ashes are there?
That's why happened at Arsenal anyway...
Although I think Love Street may just be a Tesco?
im no legal expert but...if the council are a creditor and Murray work for the council. Is that not a conflict of interest? As hes trying to short change the ones that are paying him?
Im probably wrong like,but seems that way
Bandersons take, ( I know ) on Murrays quote, in last nights EEN. Is this just a typical Banderson getting it wrong moment, or letting something slip out that FOH would rather keep quiet?
http://www.edinburghnews.scotsman.co...arts-1-3053624
“The third one is to get business people who are Hearts-minded, who want to do this for no personal return, ...... a good way forward.”
That the Foundation’s backers will make little gain on their investment is seen as a huge positive for Hearts. “That’s why it’s the best deal and I hope people can see this is the best way forward,” says Murray. “It was always going to be the case that you can’t buy a football club with direct debits, regardless of how many you have, there was always going to have to be a capitalisation of that revenue.
GGTTH
So, in summary, what are the % chances of Hearts going into Liquidation in 2013 as things presently stand, all being well, subject to change etc?
There are 4 ways to liquidation for them:
1. Ukio admin not satisfied with improved offer for security over Tiny.
2. UBIG admin (once appointed) not satisfied with CVA offer (0p/£).
3. UBIG admin unwilling or unable to sell shares (currently frozen).
4. Run out of cash attempting to overcome 1-3.
Looks a pretty tall order to me. The Ukio admin wants this sorted sooner rather than later and my speculative hunch is that the rumoured £5M is their compromise bottom line. Can't see the muppets getting to that so liquidation still looks most likely to me.
What a surprise, Banderson & McCarthy contradicting themselves at the same time. McCarthy I believe captures it correctly in one statement when he says "interest at what they could collect in their own bank a/c's". Base rates at present are 0.5% but a 3 or 4 year high value bond could attract 2 to 3 %. I suspect these Yam minded persons will be at the higher end of the scale, seeing it as a win/win, ie they gain on interest rate & Yams get a lower rate than they could from a bank ( if any bank was prepared to lend against a bunch of worthless promises ) or Wonga. Business multi millionaires don't acquire that status by being philanthropists!
I don't see any Business men having £ 100,000 's sloshing around in bank accounts ready to hand over to FoH.
If they are business minded at all their money will be invested in property, bonds etc,none of which is easily accessible without considerable cost.
I would guess they would be looking to borrow money from banks or whatever to fund their promised loans to purchase HOMFC.
That would be a different kind of interest rate altogether.
Couldn't they ask wonga for a loan.
They could just use the sliders, how much they want.....30m
For how long.............500 years.
Might have to pay back 5000000000m but hey ho what have they got to lose.
Or could they not phone them ticketus folk.
Can we have 10m please and we'll give you our seasin ticket money for 10 years and security on tynecastle?
FoH are going to sponsor this weekend’s Hearts v Aberdeen game with Murray to step out onto the Tynecastle pitch at half-time to address the club’s supporters.
Gives you the boak. :yw:
http://www.edinburghnews.scotsman.co...deen-1-3055214
Being cold hearted and logical about it, the pitch is constantly being cut, churned up and replaced. I doubt any trace of anyone scattered there remains.
However presumably a developer may seek to leave something as a memorial. The difference between this case and others would be Hearts lost the stadium, rather than the likes of Arsenal or St Mirren willingly selling up...
They're preaching to the converted who have already pledged their money. 10.5k season tickets (iirc?), most of those will already be in the FoH numbers, there's got to be a fair few U18s season tickets who have no bank account and no income. Virtually no-one left in their 'customer pool', so it's looking like saturation point in so much as the pledges they can obtain. Nothing left to give, no more money to FoH to up their offer... ...liquidation.
Had a look on the Hearts site and they still have hundreds of tickets up for sale. Not one stand sold out. Maybe instead of going to away matches they should think of giving their own club money. Mugs.
Not sure the supermarket was ever built over Broomfield.
Last time I passed (in the train) looked like the site was part car park / part derelict land?
:cb
PS
I think there is a small memorial in the Asda car park that sits on the site of Muirton Park in perth.
Nearly two and a half grand out of the FoH fighting fund! I wonder who the ten supporters are that will be getting a little hospitality jolly at the expense of the ordinary supporter?
Reading into that article, it sounds like FoH are treating members of the business community to some free hospitality. Sounds like they are trying to close some very big deals on some very big loans. A wee visit to the Gorgie Road Stand on Saturday should show who are the "money" men behind the FoH bid. :wink:
It must be very small then .. I've been shopping there for 20 years and I've never noticed it. :confused:
http://www.hmfckickback.co.uk/index....season-ticket/
If only those connected to Hearts could donate as well and maybe eat into the £34k that they ROBBED from the charity.
I hear Rudi Wagesnatcher is going to their match on Saturday. Cue lots of Oohs and playing with their members down Tynecastle way this weekend.
Everybody who is getting excited, just focus on this post and ignore all the piss and wind from Murray, Banderson etc. Unless somebody comes in with a lot more money than FOH has now (and there are huge barriers to that for any sane business person) the scenario is still liquidation within the next couple of weeks, or struggling on to somewhere between October and the New Year, then running out of cash and liquidating then.
The EEN has turned into a Hearts Fanzine these days.
Ach, Morrisons, Asda, Tesco, Sainsbury, McDonalds. Lidl, Aldi - who cares?
Just as long as there is one of them just off the east end of Gorgie Road real soon.
PS
Am sure I saw some kind of memorial on the site of Muirton Park years ago?
But then again, I don't know what ****ing day it is........,
OK who complained then?? :greengrin
http://www.scotsman.com/sport/footba...role-1-3056761
Hearts administration: Ian Murray defends role
AFTER some growing unease about the amount of time he is devoting to the cause of saving a football club that is not based in his constituency, Federation of Hearts chairman and Edinburgh South MP Ian Murray yesterday presented his case for the defence.
The politician estimated the amount of time he spends on important business which relates to the club as only four hours per week.
Murray yesterday said he has only had one visitor to his constituency office on Minto Street in Edinburgh to complain about the time he is committing to FoH, who were last week named preferred bidders by BDO, Hearts’ administrators. Murray’s involvement as a figurehead has been invaluable – not just because of the profile he is able to command, but also because of his background in business. He is Labour’s Shadow Minister for employee relations, postal and consumer affairs.
However, not everyone is happy with Murray’s association with the task of saving Hearts, further details of which were revealed at Tynecastle on Monday when the politician fronted a press conference that explained many of the ins and outs of how the supporters’ group intended to finance their bid to purchase the club. A statement said “the process is far from complete and is likely to take a significant time working to achieve”.
A letter to The Scotsman from someone claiming to be an Edinburgh South constituent has called on Murray to step aside from his role as chairman and “re-direct his full attention to the job we elected him to do”. The letter also claims there is a petition being prepared that is to be delivered to Murray’s office. However, the MP was eager to set his detractors straight yesterday. He pointed out that he was only speaking to The Scotsman after he had completed his parliamentary duties for the day. With the exception of the two big press conferences, I have been doing this in my own time,” he said. “I answer the odd email and take the odd phone call – I genuinely am doing this in my own time.”
“Another thing I would say is that some people go swimming, collect stamps or go train spotting in their spare time, I am spending my spare time on Hearts. I don’t see what the problem is.
“What people won’t report is the dozen and dozens of letters and emails I have had from constituents thanking me for getting involved and representing their views. Because although Tynecastle is not in the constituency a lot of the fanbase is.”
He estimated that his involvement takes up about four hours a week. “Unless I have the audacity to watch a match – but that is in my own time too,” he said.
“I do regularly 70 to 80 hour weeks so four hours is tiny in comparison. I still receive and answer some 700 emails a day and do more than 175 open surgeries a year. My commitment and life is to my constituency first and foremost.”
Murray will be present at Saturday’s game against Aberdeen which is being sponsored by FoH. He will address the supporters during the half-time interval at Tynecastle in an attempt to promote the FoH bid to take control of the club.
While admitting that his original prediction that FoH’s bid would take only three months to push through was a “a little on the optimistic side”, Murray denied that his involvement is impacting on his parliamentary commitments and says he has the support of his fellow MPs at Westminster.
Murray stressed he is committed to fulfilling the aims set out when he emerged as the fans’ figurehead in April. Full supporter control of the club is the objective and he is due to speak about the fan-owned model in a debate on Radio 4 this weekend – and in his own time. “If I am at Westminster the [FoH] meetings take place either late on a Thursday evening and or a Friday evening, and if I am not at Westminster they take place on a Tuesday,” he said. “We have probably three meetings a month – we don’t have them every week.
“The only time where I have taken time during my working day if I am being completely honest was two media calls we have done – once when we put a bid in and once when we were given preferred bidder status. They took about an hour and a half.
“All the other political parties have supported me in this, so I don’t think it is a political thing,” Murray added. The politician acknowledged, however, that he had personally faced down one unhappy visitor to his constituency office.
“He was a Hibs fan who wanted to talk about Hearts,” he recalled. “I said I am sorry I cannot talk about Hearts this is my parliamentary office and that is something I am doing in my own time. Then he explained that he was a constituent so I was happy to talk to him. He went away satisfied with my explanation. He said he was glad to have come in and chat to me.”
“I have helped out dozens of businesses locally, including high-profile ones,” Murray added. “I would do the same if any business was asking me to give them assistance to save jobs and save the business. It is just because it is the emotional cocktail of football that creates the problem – but it is still a business that employs a lot of people.”
700 emails a day! Aye right.
Well that bullsh*t will have used up Murray's 4 hour allocation for this week !
We won't see or hear from him this week , I don't think.
Basically he is saying that all the 'people' who are due money don't matter as long as his hobby is ok
Indeed a public servant paid by the public who is prepared to overlook the wilful non-payment of PAYE-deducted income tax, national insurance, VAT, council tax, police bills, rental payments to publicly-subsidised HW University not to mention the numerous charities ripped off along the way. Still, as long as he can have four hours a week to indulge his "hobby" what do the millions owed to the public purse matter?
A massive disservice being done to the honest, tax-paying, bill-paying public by this alleged "public servant" as well as to all those football clubs competing with HMFC who didn't refuse to pay their dues so that they could employ players they otherwise couldn't afford.
The article reads to me like the Scotsman have joined in the cheerleading for FoH that the EEN have been guilty of for the last month or so.
It comes across very cynical of those who have had the temerity to question what their elected MP has been up to, while at the same time giving him every opportunity to trot out a load off excuses.
I completely agree, and you're right, but being purely objective, there are huge commercial considerations behind the editorial line on this (and many other) topic/s at Barclay House.
The Scotsman's circulation (paid for) is about 28,500 daily. This is about a third of what the Press and Journal sells. The owners of TS, Johnston Press, paid £250m for the four Scotsman titles and they're now worth about 5% of that. Basically, the Evening News is keeping the whole show going.
So, on this basis, it makes a great deal of sense for them to run an editorial line which is pro-Hearts as: a) it sells papers to yams and, b) stimulates 'debate' among Hibbies about any (arguable) pro-Hearts line.
Basically, the Scotsman and its holding group is in very serious trouble and it's not going to do TS and the EN any good to go with back pages like: 'Hearts certain to be liquidated'. It would be hugely damaging and we have .net to have the truth discussed and analysed.
I know the majority of the Scotsman, Evening News and SoS sports staff personally having worked at all three titles and there's only a couple of yams among them.
They are trying - desperately - to sell papers. That's all there is to it.
Ain't going to say who but I know a labour party official who is a big football fan as well, was discussing this roaster with him and whilst he said there is absolutely nothing wrong with doing you bit for your team etc he nearly spilt his beer when I mentioned the "independent" chairman part and how, as a labour supporter myself I was concerned at how Murray might be construed by some as sending the message that as a full time labour MP he really didn't seem to give a monkeys about the trail of creditors left behind. He certainly isnt campaigning for the victims to be paid.
As he really doesn't know Edinburgh that well I suggested (for a bit of mischief) that it gives the impression that the party leans heavily towards the yam and maybe others will allow that to influence their voting intentions :greengrin
It's getting to the point where the Scotsman (£1.20!!!) is going to have to fold or go online only. On a financial basis, there's no reason to continue. When I left (2004) it was still doing just under 90,000 copies daily. I've not been in the building for a couple of years but I know a couple of 'high ups' in addition to the 'rank and file' who tell me that the atmosphere in the place is poisonous with back-biting and internal politics at an all-time high.
Most of the poison and manoeuvring is coming from those who remain in the building who are (certainly in journalism), unemployable elsewhere. When I was there the place was stacked with people who came in, surfed the net, filed a 500-word story and went home. There's still a few of them left.
FWIW, I think the Evening News is still a decent paper. It needs to be.
Because there are very few decent sports journalists in Scotland who have any concept of business or fiscal matters in addition to their 'specialist subject'. Same thing happened with Sevco. As I mentioned above, there is a deliberate ploy by most media to try and keep the situation as light as possible. The worry about the sort of negative headlines and copy we should be reading lies on the part of publishers and television. It is not just about Sevco and the Yams, it's a fear that Scottish Football is a house of cards and the whole lot could come crashing down and we end up like LoW or suchlike. With many sports journalists becoming even more surplus to requirements than is already the case.
This is one reason. There's plenty others.
The question I'd asked (via his MP website) was:
Message: Dear Mr Murray MP
I've just been reading the creditors list for Hearts of Midlothian, and it's pretty grim.
The particularly galling parts for me to read are where charities and taxpayer-funded bodies have been left being owed money (in effect stolen from).
These include Macrae's Battalion, the Poppy Fund, universities, police, local authorities, the NHS.
As an MP, do you have a view on what the punishment should be for businesses who act in such a manner?
Kind regards
The response I got was:
Thank you for contacting Ian Murray MP. Unfortunately, Ian is not your Member of Parliament and therefore is unable to take your issue up due to strict parliamentary protocol. Mark Lazarowicz is your MP and can be contacted by email at [email protected] or by telephone on 0131 557 0577. His constituency office is based at 5 Croall Place, EH7 4LT.
Regards
Lesley Gulland
Office of Ian Murray MP | Shadow Business Minister | Labour Member of Parliament for Edinburgh South
Constituency Office: 31 Minto Street, Edinburgh, EH9 2BT
Telephone Number: 0131 662 4520
Thr reply from murray's office is bollocks.
A - he's a member of the UK parliament, so should be willing to answer
B - he's a shadow business secretary, so must be obliged to acknowledge and/or answer!
Interesting post in the Scotsman forum from someone who claims to be ITK re the HMFC bid, he claims they will be back in with a bid that will blow FoH out the water.
Can they still make a bid now that FoH have been named as preferred bidder?
Details of bid are as below, with no 10 being an interesting one with the Yams applying to play down south.
Some wild claims that would need substantial funding, someone taking the pi ss, fantasy or some substance. :dunno:
1 HMFC Limited's bid will provide a new 25,000 capacity stadium as a valuable income generator for the Hearts over the next 30 years.
2 There is no need for fans to dip into their pockets.
3 The ownership will be in the hands of local Hearts supporters.
4 Hearts fans will be represented on the new BoD.
5 Tynecastle will be retained for posterity and developed like Highbury, retaining Hearts HQ, conference & exhibition facilities and museum etc in a newly modified main stand.
6 The three stands will be dismantled and sold to Knockhill Racing Circuit.
7 The ground will be tastefully developed into an open space with surrounding 'terracing' available for former fans ashes and a memorial fountain in the centre circle.
8 The funding will come from new money generated by the stadium.
9 Bob Jamieson has worked on this proposal for over two years.
10 He has also instructed three top QCs and an advocate at Ampersand to provide a report on the possibility of a successful application to join the English Championship. Their report was ready in May and the advice is that the application would be 99% successful.
Haha seemed like absolute nonsense and point ten just fully confirmed it
This has got be a wind up - it's like Vladspeak all over again mixed with a bit of Hunthink.
Almost all (sorry, all) of this is bollocks.
If the group behind HMFC just wanted to buy a football club as I'm assuming some Americans who've never been to a game don't count themselves as dyed in the wool Mutants, they would not buy Hearts, they would buy Hibs, or, (for the amount of money they seem to be prepared to splash if by some insane chance it is real) the Huns.
Ignore.
He pulls all that off and I'll bring up my youngest a Jambo.
The deluded ones just keep getting more and more deluded! :faf:
This is all great, apart fi a couple of things, where's the money coming from for the new stadium, where's the CVA bid, nothing about creditor's here, just more spending beyond their means :rolleyes: Oh aye, how they gonna retain a stadium that has a major security over it (mair money)......hud oan, this is just a load oh pash aint it? :greengrin.
Seriously, if they're gonna pretend they are ITK then make it believable at least
Ian Murray had better revise his 'only 1 person has complained' - I have the e-mail trail to prove it, and live in his constituency and was on his (Labour's) mailing list. I know others have too. He replied same to my e-mail same day. My e-mail was not to criticise him for helping his club - I wanted answers as to why he was not using the media to not just support Hearts, but to condemn non payment of tax, people not being paid wages in a time of austerity, people being made redundant, money not being collected that could be spent in my (and his) constituency in relation to sport and activities for young people, and a football club that was not paying local rates and taxes, yet able to sign football players on the side. His reply was typical of a politician.....'whilst I agree.........'
Jeez the boy uses Twitter to condemn Wonga and high interest loan companies yet fails to see the irony that his team and said Wonga are in partnership and his team relied on a payment from them to see them through........:rolleyes:
I will progress this and e-mail him personally to retract the 'one complainer' statement - that is clearly wrong - oh and my e-mail was very clear not to mention my football leanings. I know other Labour supporter friends have e-mailed him too.........so he is being economical with the truth I would say......or (in fairness) being very 'literal' when it comes to answering the question 'has anyone complained' - not many people attend surgeries, but I bet plenty e-mail and write in :agree:
He's wasted his money instructing QCs (I'm assuming they mean Queens Counsel?) as the FA recently indicated that they would not look favourably on any requests to join from clubs playing outwith the English border. At the time their representative said that Berwick Rangers had only gained entry as they played south of the River Tweed and that they had turned down requests from lower level teams in Wales as they would not do anything to weaken another football association.