Share Transfers Agreed/Cooling off period

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Originally Posted by magpie1892

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.

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I left in 2010 and the circulation had dropped drastically. The atmosphere described by your friend is spot on.

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Originally Posted by Geo_1875

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.

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He's added a long reply re this, about Scottish Football Clubs v The FA and how it's Bosman for the Clubs, and adds details of how Ampersand's Eoghainn MacLean writes on Competition Law.

If you can be bothered reading it all it's on this link under the reply at his post - Imperial Echoes @ 3:33pm

He also claims BDO and Valnetas are also fully aware of this proposal which is worth £7.5m for the CVA and that when Club 9 let him down it has taken a couple of weeks to amend the HMFC Limited bid.

http://www.scotsman.com/sport/footba...role-1-3056761

All this is true.

FoH have prepared a counter offer however which is being kept very secret. The 'on-the-ball' Evening News has re-tweeted this picture proving #IamanMP has gazumped the HMFC bid by going one better -

Attachment 10872

I still receive and answer some 700 emails a day

So he is receiving and answering an email every 2 minutes , 24 hours a day . Really ?

Slavering fat :jamboclow

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Originally Posted by hibees 7062

I still receive and answer some 700 emails a day

So he is receiving and answering an email every 2 minutes , 24 hours a day . Really ?

Slavering fat :jamboclow

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As he says he works '70-80' hours a week its actually a better rate than one a minute.

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Originally Posted by Kato

Agreed. It's The Edinburgh Evening Curtain-Twitcher as far I'm concerned.

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Cracking description.

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Originally Posted by Treadstone

As he says he works '70-80' hours a week its actually a better rate than one a minute.

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I know , hes good eh :greengrin

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Originally Posted by YehButNoBut

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.

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Ha-ha-ha - absolutely reeks of - "Honestly, we ARE a big club, please believe me, we've been thinking it for years so it must be true" !!!

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Originally Posted by YehButNoBut

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.

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5. Developed like Highbury, that will be Highbury Square with 750 flats, has anyone told Ian Murray?
As for the newly modified main stand. :greengrin

Highbury does still look like a stadium though - it's quite bizarre - I've got two friends that live in those flats

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Originally Posted by joe breezy

Highbury does still look like a stadium though - it's quite bizarre - I've got two friends that live in those flats

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:agree: I walked past them a few weeks ago. They've basically just built flats into the stands, it looks bloody weird.

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Originally Posted by YehButNoBut

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.

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Has the Perrier Award been dishes out yet? If not, I think we have a winner...

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Originally Posted by YehButNoBut

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.



6 The three stands will be dismantled and sold to Knockhill Racing Circuit.

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Not according to Jill Shedden they ain't.

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Originally Posted by YehButNoBut

8 The funding will come from new money generated by the stadium.

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This is obviously where Hibs have been doing it wrong. Our stadium costs us money, but the new Hearts stadium will generate funds.

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Originally Posted by YehButNoBut

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.

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That must have been written by Enid Blyton

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Originally Posted by YehButNoBut

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.

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{Sorry for the language but it's sometimes required in the face of deluded nonsense}

What a load of ****ing waffle.

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Originally Posted by YehButNoBut

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.

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Don't worry Bob the men in white coats are coming for you soon. Keep calm until they arrive.

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Originally Posted by YehButNoBut

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.

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That's hilarious. Well done to whoever came up with that :thumbsup:

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Originally Posted by Hibby70

Not according to Jill Shedden they ain't.

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Tell me you never actually asked her if this was true...
* I've seen some abnormal loads heading over the bridge but that'd be ridiculous

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Originally Posted by BarneyK

Tell me you never actually asked her if this was true...
* I've seen some abnormal loads heading over the bridge but that'd be ridiculous

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The thought of of dismantling the stands and re-erecting them somewhere else is just insane.

They have been up for 20 odd years and any bolt fixings will have rusted solid and you can't just cut up the various beams and weld them together again and produce a structurally safe construction.

It would cost more to move them than purpose built stands.

Their only value is in SCRAP !

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Originally Posted by greenginger

The thought of of dismantling the stands and re-erecting them somewhere else is just insane.

They have been up for 20 odd years and any bolt fixings will have rusted solid and you can't just cut up the various beams and weld them together again and produce a structurally safe construction.

It would cost more to move them than purpose built stands.

Their only value is in SCRAP !

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But it's made of meccano.

http://www.meccano.com/uk/

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Originally Posted by grunt

This is obviously where Hibs have been doing it wrong. Our stadium costs us money, but the new Hearts stadium will generate funds.

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:crazy:Classic yamenomics here, they start off in debit on this "venture" so a debt fuelled start, and then they are hoping tiny just goes away or costs nothing to maintain or demolish and clear? maybe its going to generate cash and heat as a result of a timely fire.

Their problem is that they have never really run the business side of a club properly within their means, so lacking the fundamentals and any restraint whatsoever they just dream up these splash the cash type ideas.

Problem here might be there's no unknowing third parties cash around to exploit and ultimately steal and hopefully public sector bodies like the council HMRC and HWU plus the charities will do a better job of making sure their cash is paid to them rather than salted off to wherever the Lith authorities ultimately show it went.

Museum !! Hahaha ! WTF would they put in it !!

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Originally Posted by Fife-Hibee

Museum !! Hahaha ! WTF would they put in it !!

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Quite a lot of what might have gone in was fire sold or pillaged before the big crash and there was a story about a particular medal being stolen (which I do find despicable) so they probably won't have much authentic historical items left.

I suspect they will get by with inventing some new stuff for the new club and medals mackay should be able to help them fill a few cabinets to get them started.

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Originally Posted by Fife-Hibee

Museum !! Hahaha ! WTF would they put in it !!

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War memorabilia? :aok:

Anyone who can't see this latest business plan is a wind up, is a Yam.

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Originally Posted by Joy Zipper

Done :-)

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Long winded reply from Ian Murray...

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Many thanks for taking the time to email me with regards to the position at Hearts.

Can I firstly address the point about Administration. This is a normal, but hugely regrettable, part of day to day business. We have seen it in lots of industries and sectors in recent times where companies have not been able to continue. The legal status of an administration is to allow a company in distress to find a way of continuing to trade. It is a horrible process at it tends of mean significant job losses and, as you mention, a freezing of debts owed to creditors. The only way out of administration for any business wishing to continue to trade is to be sold and, in the process, for the creditors to get all or a proportion of their debts repaid. Most administrations deliver somewhere between 6p and 20p in the £ if a creditors voluntary agreement can agreed. If an agreement cannot be reached then the company is liquidated, assets sold and that is the distributed to the creditors.

The law around administrations has been designed and developed to prevent companies from going into liquidation. In essence, an administration is the best of a bad situation in the sense that jobs and the business can be saved as opposed to it closing completely. Some of the more high profile administrations in the car industry saved the factories and the sector is now stronger than it has been in 30 years.

Superimposing this legal and business process to Hearts, however, is more complicated in the sense that the company has been badly run for some time and living well above the level of revenues that would support its expenditure. However, whilst the owner was able to service the additional expenditure it wasn't too much of a problem. Indeed, many businesses, not just football clubs, survive on the owners supporting expenditure.

On a very small scale, when I ran my own businesses, I often put my own money in to cover cash flow problems or one off expenditure. If there was no money to be able to do this my business, on occasions, would have struggled.

The important aspect is to save the club, get it on a sustainable financial footing and trade forward. This allows the ongoing bills to be paid both now and for decades to come.

In terms of the creditors list, it is actually inaccurate. I know this as I'm a Trustee of Mcraes Battalion Trust and have been for nearly 10 years. They are owed no money as is the Poppy Factory. That doesn't excuse the list but clears up some of the inaccuracies.

I think it is hugely regrettable when any business enters administration but especially in the circumstances where it was obvious it could not trade at those levels. There are legal mechanisms in place to deal with this, e.g. Directors of any business are criminally liable if they trade knowing that a business is insolvent.

The "punishment" you speak of is covered by administration and insolvency law. There is a difficulty in relaying these debts if the company trades forward as you are not, by law, allowed to give anyone preferred creditor status by paying them over another creditor.

It's a complicated legal process and I'm currently looking at the law around insolvency as it falls within my Shadow Ministerial Business portfolio in order to see how it can better protect creditors. A recent example is the demise of Comet and HMV where the law does not allow for gift card and gift vouchers to be seen as anything other than another creditor.

I hope I have provided an explanation as to the law and the process.

I agree that people lose out and this is absolutely dreadful but I hope that any administration process for any business allows jobs and businesses to be saved rather than allowing them to fall. I also hope that the creditors can be compensated in as far as possible in the CVA process.

Many thanks for getting in touch.

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Originally Posted by Joy Zipper

I know this as I'm a Trustee of Mcraes Battalion Trust and have been for nearly 10 years.

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Maybe after another ten you'll be able to spell McCraes, farquing halfwit.

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Originally Posted by Joy Zipper

In terms of the creditors list, it is actually inaccurate. I know this as I'm a Trustee of Mcraes Battalion Trust and have been for nearly 10 years. They are owed no money as is the Poppy Factory. That doesn't excuse the list but clears up some of the inaccuracies.

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Fantastic.

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Originally Posted by Fife-Hibee

Museum !! Hahaha ! WTF would they put in it !!

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A stronger cabinet with a decent lock?

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Originally Posted by Joy Zipper

In terms of the creditors list, it is actually inaccurate. I know this as I'm a Trustee of Mcraes Battalion Trust and have been for nearly 10 years. They are owed no money as is the Poppy Factory. That doesn't excuse the list but clears up some of the inaccuracies.

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Spin of the finest type.
There was money owed, the fact it wast paid by a 3rd party doesn't change the situation as regards the creditor list.
Surely BDO would have removed them in the recently updated report if it was an error.
Just ignore the holding back of £34k to Big Hearts for a start to prop up an unstainable business has he admits.

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Originally Posted by Fife-Hibee

Museum !! Hahaha ! WTF would they put in it !!

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They need a big museum for all the many big cups they've won

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Originally Posted by greenginger

The thought of of dismantling the stands and re-erecting them somewhere else is just insane.

They have been up for 20 odd years and any bolt fixings will have rusted solid and you can't just cut up the various beams and weld them together again and produce a structurally safe construction.

It would cost more to move them than purpose built stands.

Their only value is in SCRAP !

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They're historic monuments, though. Those bloody stands won us the wars!

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Originally Posted by Joy Zipper

Long winded reply from Ian Murray, seems a bit generic...

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Can I firstly address the point about Administration. This is a normal, but hugely regrettable, part of day to day business. We have seen it in lots of industries and sectors in recent times where companies have not been able to continue. The legal status of an administration is to allow a company in distress to find a way of continuing to trade.

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Just a tad disingenuous there, methinks.

Yes, businesses go into admin every day of the week. But this was a football club that financially doped itself in order to buy success on the pitch and in the process deliberately deprived the public purse of what it was due and also gave itself an unfair advantage over all the other clubs it was competing with who did pay their bills and who did do their best to meet their legal and societal obligations.

In other words, this was no attempt to run a sound business that just ran into trouble due to the current financial and political situation but pure cheating on a grand scale. That probably qualifies as "normal" in Yam-land but not in any other area.

Still no attempt to address the underlying moral issues but rather try to sweep it all under the carpet and present HMFC as the victim.

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Originally Posted by Joy Zipper

Long winded reply from Ian Murray, seems a bit generic......

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Thanks for following that one up

Sounds like he hasn't given any thought as to whether current insolvency legislation needs revisited, just happy to hide behind it

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Originally Posted by steakbake

Has the Perrier Award been dishes out yet? If not, I think we have a winner...

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No great surprise that BDO dismissed Bob Jamieson's effort, if this alleged plan in any way resembles his proposals. Pure make-believe.

However, I wouldn't believe anything that gets posted on the Scotsman site. It's just full of bams baiting each other - fun enough if that's your thing, but that's all it is.

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Originally Posted by BarneyK

That's hilarious. Well done to whoever came up with that :thumbsup:



Tell me you never actually asked her if this was true...
* I've seen some abnormal loads heading over the bridge but that'd be ridiculous

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Not me directly, but someone i know did make her aware of it for fun rather than ask her if it was true.

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Originally Posted by Springbank

Thanks for following that one up

Sounds like he hasn't given any thought as to whether current insolvency legislation needs revisited, just happy to hide behind it

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Not forgetting David Southern who told lie after blatent lie about the ****s financial status up to the last but who is seen as a fit and proper person to remain in their employ. ImanMP would need to use a lot of his soft soap to wriggle out of that one. Saying that MP's seem to have an endless supply.

Hearts DELIBERATELY robbed companies and charities alike and spent the money on chasing pipe-dreams. Truly disgusting and vile "club".

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Originally Posted by Springbank

Thanks for following that one up

Sounds like he hasn't given any thought to anything

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Sorted that for you.

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Originally Posted by Pedantic_Hibee

Hearts DELIBERATELY robbed companies and charities alike and spent the money on chasing pipe-dreams. Truly disgusting and vile "club".

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:agree: no shame

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Originally Posted by Pedantic_Hibee

Hearts DELIBERATELY robbed companies and charities alike and spent the money on chasing pipe-dreams. Truly disgusting and vile "club".

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Bad enough; worse, is that homfc fans looked the other way. I know we all know and/or are related to homfc fans, but collectively, the romanov years really did lower their shame threshold. ****, in other words.

Bad week for Homfc, no juicy liquidation news, just flatulent nonsense from the likes of Murray. Hope they do better this coming week.

There seems to be a real love in just now for the despicable, low lives rom across the city. Did anyone else hear Willie Miller on the radio yesterday at the end of their game. It was very reminiscent of the Danish commentator just after Denmark had beaten England back in the 80s. I was actually shouting at the radio to shut the **** up! It was cringeworthy.
We are now in a position where not only are the media ignoring the financial cheating. You know the ripping off of everyone from their own fans to the governments of both the uk and Lithuania and any number of small businesses. The media now seam to be creaming themselves about the fact that the could stay up. Its actually almost beyond belief when compared to some of the reporting about our club

Tbf it has been a good start by hearts (still raging we lost that game). Are you expecting a pundit to just come out and say "Actually I hope that disgrace of a club die and don't come back in any way shape or form. They've cheated their way to, marginal, success and left behind a list of creditors including charities. Such disgusting actions can only be rightly punished by disappearing from Scottish football and never having the privalige to grace the senior game again. I hope they die!"
Sadly that just isn't going to happen. As much as we want it to...

Dont worry the love in bubble will burst.

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Originally Posted by weecounty hibby

There seems to be a real love in just now for the despicable, low lives rom across the city. Did anyone else hear Willie Miller on the radio yesterday at the end of their game. It was very reminiscent of the Danish commentator just after Denmark had beaten England back in the 80s. I was actually shouting at the radio to shut the **** up! It was cringeworthy.
We are now in a position where not only are the media ignoring the financial cheating. You know the ripping off of everyone from their own fans to the governments of both the uk and Lithuania and any number of small businesses. The media now seam to be creaming themselves about the fact that the could stay up. Its actually almost beyond belief when compared to some of the reporting about our club

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Don't listen to Sportsound. I stopped years ago.

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Originally Posted by weecounty hibby

There seems to be a real love in just now for the despicable, low lives rom across the city. Did anyone else hear Willie Miller on the radio yesterday at the end of their game. It was very reminiscent of the Danish commentator just after Denmark had beaten England back in the 80s. I was actually shouting at the radio to shut the **** up! It was cringeworthy.
We are now in a position where not only are the media ignoring the financial cheating. You know the ripping off of everyone from their own fans to the governments of both the uk and Lithuania and any number of small businesses. The media now seam to be creaming themselves about the fact that the could stay up. Its actually almost beyond belief when compared to some of the reporting about our club

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I wouldn't worry about it, its obvious the CVA will be agreed sooner or later and they will be in a better financial position than most clubs in the Scottish Premiership, they may well even beat the drop. It will take them a while to get back to operating more efficiently through the years and they will eventually get there, however I am a strong believer in that everything goes in cycles and that they will one day (maybe not in my lifetime) pay for this. I wouldn't be too upset about the cups they have won through the last few years as Hibernian will repeat the feat and embarrass them one day. Oh yes it will happen, in my lifetime, well I can't answer that.

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Originally Posted by MADE IN LEITH

I wouldn't worry about it, its obvious the CVA will be agreed sooner or later and they will be in a better financial position than most clubs in the Scottish Premiership, they may well even beat the drop. It will take them a while to get back to operating more efficiently through the years and they will eventually get there, however I am a strong believer in that everything goes in cycles and that they will one day (maybe not in my lifetime) pay for this. I wouldn't be too upset about the cups they have won through the last few years as Hibernian will repeat the feat and embarrass them one day. Oh yes it will happen, in my lifetime, well I can't answer that.

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How is it obvious that a CVA will be agreed? Nobody knows for sure yet. Only last week ukio's admin came out and said that FoH offer wasn't the best (this was ignored by Scottish media). Don't get me wrong they might get out of this mess but there's still a lot that can go wrong for them.

**** the hearts.

Quote:

---

Originally Posted by Boyle89

Tbf it has been a good start by hearts (still raging we lost that game). Are you expecting a pundit to just come out and say "Actually I hope that disgrace of a club die and don't come back in any way shape or form. They've cheated their way to, marginal, success and left behind a list of creditors including charities. Such disgusting actions can only be rightly punished by disappearing from Scottish football and never having the privalige to grace the senior game again. I hope they die!"
Sadly that just isn't going to happen. As much as we want it to...

---

That's exactly what I'd expect, in the name of journalistic integrity. Hearts deserve a Panaroma special, just like Old Huns. There's criminality and corruption here - a great story for any investigative reporter worth their salt. If the Edinburgh Evening News wasn't a Hearts fanzine, they'd have had a Watergate type story. Let's have the whole truth :devil:

https://audioboo.fm/boos/1563792-ian...-at-tynecastle

Fuds the lot of them

Quote:

---

Originally Posted by gorgie greens

they are the weakest team in the league and as for there CVA who the hell is going to accept 0 pence in the pound ? not going to happen

---

There's no reason for them to not accept it. They're getting nothing either way so no point in rejecting it other than spite. Dunfermline had their recent 0 pence in the pound CVA accepted.
The only votes that are going to matter are ukio, ubig and hmrc. Hmrc is a guaranteed no but if ubig vote yes then that won't matter. The most important thing for hearts is that the offer is good enough for the only secured creditor- Ukio. And at the moment that is doubtful.

Quote:

---

Originally Posted by erin go bragh

Sorry if this has been posted before, but definatley worth a look!

http://www.youtube.com/watch?v=NEU0rH3XYgY

:thumbsup:

---

One from the archives, total gold and quite fitting at this moment in time.

Listen for the very last line on the You Tube video, total class and how right he was :wink:

http://www.youtube.com/watch?v=NEU0rH3XYgY

Quote:

---

Originally Posted by #FromTheCapital

There's no reason for them to not accept it. They're getting nothing either way so no point in rejecting it other than spite. Dunfermline had their recent 0 pence in the pound CVA accepted.
The only votes that are going to matter are ukio, ubig and hmrc. Hmrc is a guaranteed no but if ubig vote yes then that won't matter. The most important thing for hearts is that the offer is good enough for the only secured creditor- Ukio. And at the moment that is doubtful.

---

A wee bit of pedantry here... HMRC are likely to abstain rather than vote against a CVA. Likewise, UBIG won't have to vote against it, they just have to fail to vote. Right now they are in no position to vote since they have no-one in a position of authority and when an IP is appointed he has no motivation to vote in favour of a CVA and it's likely that he would simply not bother to vote. In that case the CVA proposal would fail. In Dunfy's case the majority creditor had reasons for keeping the club alive, in HoMFC's case there are none.

Quote:

---

Originally Posted by Caversham Green

A wee bit of pedantry here... HMRC are likely to abstain rather than vote against a CVA. Likewise, UBIG won't have to vote against it, they just have to fail to vote. Right now they are in no position to vote since they have no-one in a position of authority and when an IP is appointed he has no motivation to vote in favour of a CVA and it's likely that he would simply not bother to vote. In that case the CVA proposal would fail. In Dunfy's case the majority creditor had reasons for keeping the club alive, in HoMFC's case there are none.

---

Major Key point regards Dunfermline was that Masterton wrote off a huge amount of money owed to him and handed the keys of the stadium over to the successful consortium that was a huge asset to have and gave them collateral going forward, Hearts don’t have anything other than a huge pile of debt, along with a defunct bank and holding Company owing millions to a range of creditors who are undoubtedly screaming the place down to get some sort of money back, there is no way they are going to accept anything other than the true value of the assets that exist, heartfelt pleas will undoubtedly fall on deaf ears over in Lithuania.

Quote:

---

Originally Posted by Puzzle

:agree: Gives me the dry boke. No doubt some of the "believers" still refer to him like that. Roasters.

---

I saw some Hearts clown of Facebook say as a status update 'laughing at the Hibs singing Vladimir Romanov' after the last game.

They are completely delusional.

Quote:

---

Originally Posted by Mac

Major Key point regards Dunfermline was that Masterton wrote off a huge amount of money owed to him and handed the keys of the stadium over to the successful consortium that was a huge asset to have and gave them collateral going forward, Hearts don’t have anything other than a huge pile of debt, along with a defunct bank and holding Company owing millions to a range of creditors who are undoubtedly screaming the place down to get some sort of money back, there is no way they are going to accept anything other than the true value of the assets that exist, heartfelt pleas will undoubtedly fall on deaf ears over in Lithuania.

---

The other key point re Dunfermline is that they have a rather neat little stadium, whereas Hearts have a heap of s**t.

Quote:

---

Originally Posted by Seveno

The other key point re Dunfermline is that they have a rather neat little stadium, whereas Hearts have a heap of s**t.

---

Is it not another company, also in administration, that owns East End park?

Quote:

---

Originally Posted by Seveno

The other key point re Dunfermline is that they have a rather neat little stadium, whereas Hearts have a heap of s**t.

---

Shurely shome mishtake mish Moneypenny. What happened to the £51M superstand/hotel/conference centre/focus for 400k fans? :confused:

comment on this article: http://www.edinburghnews.scotsman.co...laim-1-3062384

"Best player Hearts have had for many years. Worth every penny we paid for him"

WE paid for him??? WHO????????

they make my blood boil.

please, Die.

Quote:

---

Originally Posted by Craig_in_Prague

comment on this article: http://www.edinburghnews.scotsman.co...laim-1-3062384

"Best player Hearts have had for many years. Worth every penny we paid for him"

WE paid for him??? WHO????????

they make my blood boil.

please, Die.

---

Best player the Lithuanian tax payers ever bought. Except he wasn't really that good.

Something doesn't sit right with this. Says in that article he was on 190,000 euros per year, which probably works out around £3k per week. It's a guarantee he was on more that that, especially given the part about how he negotiated the deal with Romanov himself. Dodgy dealings without doubt

Quote:

---

Originally Posted by #FromTheCapital

Best player the Lithuanian tax payers ever bought. Except he wasn't really that good.

Something doesn't sit right with this. Says in that article he was on 190,000 euros per year, which probably works out around £3k per week. It's a guarantee he was on more that that, especially given the part about how he negotiated the deal with Romanov himself. Dodgy dealings without doubt

---

Yep, that was his 'contractual' wage; he will have earned 3x more for sure.

I was on his flight when back in Edinburgh 2 weeks ago, he is clubless at the moment. Maybe he was going back to give them money? aye thought not.... probably pouring more pints?
Looked at his career, and overall, pretty rubbish. Goals & Games for Hearts were certainly his best times, but a pishy wee club from Gorgie about to go bust, aint really a big success in the grand scheme of things.
Still, he'll have pocketed loads of Lithuanian tax payers monies & can probably retire at 34, little ****bag rat.

Skacel will be back with them in February I'd imagine?

Quote:

---

Originally Posted by Heisenberg

Skacel will be back with them in February I'd imagine?

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Not if their still in admin or better yet, bust. Both likely scenarios.

Quote:

---

Originally Posted by The Falcon

Is it not another company, also in administration, that owns East End park?

---

The club and ground were in separate companies, but I think the cvas for the two companies brought them back together under Pars United.

Quote:

---

Originally Posted by Hibernia&Alba

That's exactly what I'd expect, in the name of journalistic integrity. Hearts deserve a Panaroma special, just like Old Huns. There's criminality and corruption here - a great story for any investigative reporter worth their salt. If the Edinburgh Evening News wasn't a Hearts fanzine, they'd have had a Watergate type story. Let's have the whole truth :devil:

---

If only Jack Parlabane were real.

The man behind the £1m shares scam is at it again.

http://www.heartsfc.co.uk/articles/2...241384_3438282

Quote:

---

Originally Posted by Caversham Green

The man behind the £1m shares scam is at it again.

http://www.heartsfc.co.uk/articles/2...241384_3438282

---

I'm still baffled that this guy even has a job? Wasn't he on the last (now removed) board????

Total joke club, sooner they die the better.

Quote:

---

Originally Posted by Caversham Green

The man behind the £1m shares scam is at it again.

http://www.heartsfc.co.uk/articles/2...241384_3438282

---

Quote:

---

I have said before that while we may not have the sporting success of the Real Madrids, Barcelonas and Manchester Uniteds of this world, we do have a history every bit as rich.

---

Of course you do.

Quote:

---

Originally Posted by Caversham Green

The man behind the £1m shares scam is at it again.

http://www.heartsfc.co.uk/articles/2...241384_3438282

---

More sycophantic *****. Suggesting they are bigger than Chelsea, a record equalling league win run how did that end again? Please just **** off and die Hertz, the sooner the better, arrogant tossers to the end. :jamboak::yw:

Quote:

---

Originally Posted by Caversham Green

The man behind the £1m shares scam is at it again.

http://www.heartsfc.co.uk/articles/2...241384_3438282

---

I'm astonished that the football authorities have not investigated the charlatan that is Self-sufficient Southern, or maybe I'm not! At the time of Irangate the Washington Post had a headline re Ronald Reagan which read, Guilty but asleep! I suspect Southern may apply the same defence.

Quote:

---

Originally Posted by Caversham Green

The man behind the £1m shares scam is at it again.

http://www.heartsfc.co.uk/articles/2...241384_3438282

---

:jamboak::jamboak::jamboak::jamboak::jamboak::jamb oak:

"the new owners of Heart of Midlothian Football Club will benefit from excellent work that has been done by the staff here to ensure the business can operate sustainably. The underlying business fundamentals are good and, under the right ownership, there is no reason why Hearts should not remain as one of the biggest and potentially most successful clubs in Scottish football.

Forever Hearts."

This guy has some balls

Quote:

---

Originally Posted by Caversham Green

The man behind the £1m shares scam is at it again.

http://www.heartsfc.co.uk/articles/2...241384_3438282

---

Shameful. Shameless.

Quote:

---

Originally Posted by weecounty hibby

There seems to be a real love in just now for the despicable, low lives rom across the city. Did anyone else hear Willie Miller on the radio yesterday at the end of their game. It was very reminiscent of the Danish commentator just after Denmark had beaten England back in the 80s. I was actually shouting at the radio to shut the **** up! It was cringeworthy.
We are now in a position where not only are the media ignoring the financial cheating. You know the ripping off of everyone from their own fans to the governments of both the uk and Lithuania and any number of small businesses. The media now seam to be creaming themselves about the fact that the could stay up. Its actually almost beyond belief when compared to some of the reporting about our club

---

It is infuriating. My mate made the point the other week that we get a far worse press for operating within our means and not being that good at the moment, than Hearts have ever had for any number of their disgraceful indiscretions in recent years, and it's true.

I honestly don't get it.

Quote:

---

Originally Posted by Caversham Green

The man behind the £1m shares scam is at it again.

http://www.heartsfc.co.uk/articles/2...241384_3438282

---

Oh dear, playing yet again on their proud war record.

Just how low can these people get (rhetorical question, we all know that already)

Initially there was some sympathy as there was no doubt he was a puppet and patsy for the Lithuanians who dispersed quickly once they realised the poop was heading for the fan in a big way, they almost knew what they were doing regards the share issue etc was potentially illegal.

However, with the share issue and season ticket sales surely he has to be investigated, they STOLE the share money, no other words for it and please do not tell me he wasn’t fully aware what was happening as he would have full access to the transactions taking place and where the money was disappearing to, he was also fully aware it wasn’t officially registered and that NO certificates would be forthcoming, again something that he has to be held accountable for as he blatantly lied and covered up the truth while publicly still trying to steal money from the supporters which many didn’t have the money to give never mind lose it and have nothing to show for it.

ST sales pitch, Friday prior to administration he was again out there banging the drum for supporters to part with their hard earned cash knowing full well that the club was entering administration on the Monday, up to now they have been fortunate they have fulfilled their fixtures but that was certainly no given at the time when he was begging for the supporters to renew or recruit new ST holders, he knew what he was doing and that he was potentially stealing the supporters money.

I cannot believe this man has not had the supporters banging down the door and hanging him from the nearest lamppost for blatant lies and fraudulent claims, surely he has to be held accountable to an extent for the fraudulent share issue and should the worst case scenario happen then they won’t fulfil fixtures and those people who purchased must have a legal case against him, patsy or not he was the MD and the some of the blame is on his forehead.

It does infuriate me that the media are pandering and almost trumpet blowers for a club who stole money, cheated, didn’t pay local and nationwide suppliers, didn’t pay staff both playing and office, made innocent people redundant, stole supporters money, lied, publicly accused clubs and organisations for being corrupt, made a mockery of both the football hierarchy & media (remember the monkey nuts and banana stunts) and yet they seem to be given the support that no other club seems to receive.

There were many people at that club who were fully aware what was going on yet said and did nothing to protect the supporters, ironically by not speaking out around December last year they made things worse.

Quote:

---

Originally Posted by copycat

Initially there was some sympathy as there was no doubt he was a puppet and patsy for the Lithuanians who dispersed quickly once they realised the poop was heading for the fan in a big way, they almost knew what they were doing regards the share issue etc was potentially illegal.

However, with the share issue and season ticket sales surely he has to be investigated, they STOLE the share money, no other words for it and please do not tell me he wasn’t fully aware what was happening as he would have full access to the transactions taking place and where the money was disappearing to, he was also fully aware it wasn’t officially registered and that NO certificates would be forthcoming, again something that he has to be held accountable for as he blatantly lied and covered up the truth while publicly still trying to steal money from the supporters which many didn’t have the money to give never mind lose it and have nothing to show for it.

ST sales pitch, Friday prior to administration he was again out there banging the drum for supporters to part with their hard earned cash knowing full well that the club was entering administration on the Monday, up to now they have been fortunate they have fulfilled their fixtures but that was certainly no given at the time when he was begging for the supporters to renew or recruit new ST holders, he knew what he was doing and that he was potentially stealing the supporters money.

I cannot believe this man has not had the supporters banging down the door and hanging him from the nearest lamppost for blatant lies and fraudulent claims, surely he has to be held accountable to an extent for the fraudulent share issue and should the worst case scenario happen then they won’t fulfil fixtures and those people who purchased must have a legal case against him, patsy or not he was the MD and the some of the blame is on his forehead.

It does infuriate me that the media are pandering and almost trumpet blowers for a club who stole money, cheated, didn’t pay local and nationwide suppliers, didn’t pay staff both playing and office, made innocent people redundant, stole supporters money, lied, publicly accused clubs and organisations for being corrupt, made a mockery of both the football hierarchy & media (remember the monkey nuts and banana stunts) and yet they seem to be given the support that no other club seems to receive.

There were many people at that club who were fully aware what was going on yet said and did nothing to protect the supporters, ironically by not speaking out around December last year they made things worse.

---

He describes the Romanov Era as "hugely successful" which given their goals and money spent it wasn't and allowing for the fact that era's methods landed them where they are now, even less so.

Does anyone think if Petrie landed Hibs in the same trouble he would get off scot free in the press? They are the establishment team at a time when the establishment thrive on lies, bending/breaking what's left of the financial rule-book and a deep, deep snideyness.

Quote:

---

Originally Posted by Kato

He describes the Romanov Era as "hugely successful" which given their goals and money spent it wasn't and allowing for the fact that era's methods landed them where they are now, even less so.

Does anyone think if Petrie landed Hibs in the same trouble he would get off scot free in the press? They are the establishment team at a time when the establishment thrive on lies, bending/breaking what's left of the financial rule-book and a deep, deep snideyness.

---

I so ****ing hate them, the vile, pretentious, thieving, cheating *******s that they ALL ****ing are.

Quote:

---

Originally Posted by Kato

He describes the Romanov Era as "hugely successful" which given their goals and money spent it wasn't and allowing for the fact that era's methods landed them where they are now, even less so.

Does anyone think if Petrie landed Hibs in the same trouble he would get off scot free in the press? They are the establishment team at a time when the establishment thrive on lies, bending/breaking what's left of the financial rule-book and a deep, deep snideyness.

---

Petrie gets a worse press now than Romanov has ever had!

To harp on again about the war effort is shameful....hurry up and die

JACK ALEXANDER ... I
know you're reading. Why do you have a sticky thread on sickbag entitled "heart of midlothian war memorial"? By your own admission onherr, there us no such thing - it was bought as a result of a hearts/hibs fundraiser on behalf of ALL of Edinburgh's sportsmen.

Sucking the blood of those that have died for their own ends; that club is disgusting.

Quote:

---

Originally Posted by Biggie

To harp on again about the war effort is shameful....hurry up and die

---

Can they not do it again now that one of their own put his hand in his pocket to pay the bumped poppy money and "Independent" Ian has told us listing Macraes Battalion Trust as bumped creditors was a mistake. The money was probably just resting in their account.

Quote:

---

Originally Posted by clerriehibs

JACK ALEXANDER ... I
know you're reading. Why do you have a sticky thread on sickbag entitled "heart of midlothian war memorial"? By your own admission onherr, there us no such thing - it was bought as a result of a hearts/hibs fundraiser on behalf of ALL of Edinburgh's sportsmen.

Sucking the blood of those that have died for their own ends; that club is disgusting.

---

Don't encourage him to post another patronising ramble on here.

Just remember if it wasn't for Hertz we would all be typing in German.

Quote:

---

Originally Posted by flash

Don't encourage him to post another patronising ramble on here.

Just remember if it wasn't for Hertz we would all be typing in German.

---

We wouldn't be typing here at all. There would be no such thing as football to talk about.

Quote:

---

Originally Posted by flash

Don't encourage him to post another patronising ramble on here.

Just remember if it wasn't for Hertz we would all be typing in German.

---

:top marks

Quote:

---

Originally Posted by flash

Don't encourage him to post another patronising ramble on here.

Just remember if it wasn't for Hertz we would all be typing in German.

---

Ich persönlich hatte gar nichts dagegen! Scheiss Spaßverderber.

Just had a phone call from some clown named J#hn Mc#ride from he#rtz hospitality urging our firm to take out a package at the pbs. I told him " have you no shame ? You have robbed charities, hard working local firms as well as the VAT, PAYE and the Inland Revenue. Pay all these back before you come begging for money.

Quote:

---

Originally Posted by HibbySpurs

I'm still baffled that this guy even has a job? Wasn't he on the last (now removed) board????

Total joke club, sooner they die the better.

---

That will be the same guy who was Chief Executive of the football club that stole £ 34,000 from the Big Hearts Charity Trust that he also happened to be Chairman of as well.

Has the theft ever been mentioned in the EEN ?

Quote:

---

Originally Posted by Hiberlin

Ich persönlich hatte gar nichts dagegen! Scheiss Spaßverderber.

---

Ich habe schon eine deutsche Fürherin



:boo hoo:

[QUOTE=greenginger;3733209]That will be the same guy who was Chief Executive of the football club that stole £ 34,000 from the Big Hearts Charity Trust that he also happened to be Chairman of as well.

Has the theft ever been mentioned in the EEN ?[/QUOTE]

Email time , wheres Sydney ?

Quote:

---

Originally Posted by keekaboo

Oh dear, playing yet again on their proud war record.

Just how low can these people get (rhetorical question, we all know that already)

---

Quote:

---

Originally Posted by Biggie

To harp on again about the war effort is shameful....hurry up and die

---

:agree:

Cheap. Very very cheap.

Quote:

---

Originally Posted by greenginger

That will be the same guy who was Chief Executive of the football club that stole £ 34,000 from the Big Hearts Charity Trust that he also happened to be Chairman of as well.

Has the theft ever been mentioned in the EEN ?

---

Briefly, which caused many yams in denial to tweet their anger at the report.
2 days later it ran its anti Massone article and upped its support of FoH.

It also ran an article saying supporters were going to fund raise to repay the charities done over. All quiet on that front though.

Quote:

---

Originally Posted by southsider

Just had a phone call from some clown named J#hn Mc#ride from he#rtz hospitality urging our firm to take out a package at the pbs. I told him " have you no shame ? You have robbed charities, hard working local firms as well as the VAT, PAYE and the Inland Revenue. Pay all these back before you come begging for money.

---

What did he say?

I should know this, but it's slipped my mind: when is the decision actually made (in so far as it can be) about the proposed FOH CVA?


(Everything else from Hearts/media/Murray pretty much just hot air till then.)

Quote:

---

Originally Posted by Judas Iscariot

What did he say?

---

"Big Club, 1902", what else?

Quote:

---

Originally Posted by Dashing Bob S

I should know this, but it's slipped my mind: when is the decision actually made (in so far as it can be) about the proposed FOH CVA?


(Everything else from Hearts/media/Murray pretty much just hot air till then.)

---

Recent articles from Lithuania suggested it could be by the end of this month.
Wait and see on that one though.

Quote:

---

Originally Posted by Hibby Kay-Yay

"the new owners of Heart of Midlothian Football Club will benefit from excellent work that has been done by the staff here to ensure the business can operate sustainably. The underlying business fundamentals are good and, under the right ownership, there is no reason why Hearts should not remain as one of the biggest and potentially most successful clubs in Scottish football.

Forever Hearts."

This guy has some balls

---

That would be the 24 staff working for free while BDO's bill heads for the £0.5m mark!

Quote:

---

Originally Posted by Dunderhall

Recent articles from Lithuania suggested it could be by the end of this month.
Wait and see on that one though.

---

Great - thanks.

Don't really give one that they're getting such a good press right now, papers have to sell as they're all fighting for a smaller audience these days. It's actually better as the Muppets are feeding/thriving off it and you'd think it's only a matter of time until they're back to 'where they belong' - well, it's not and they won't be so when THE day arrives it will just be so much more sweeter !!, Think pictures of them at Dens Park after Sir Albert rammed them and multiply that feeling a thousand-fold !!

Sod the shares issue, CVA's, war winning and typing in German - why oh why oh why does David Southern dress like a butler from Downton Abbey and when oh when oh when will he buy decent attire that fits him. The shirt and tie combo is a disgrace and the suit looks like it's been stolen from the set of Knots Landing ! :greengrin

David my man.....get yourself a nice pair of Trickers or Church's shoes, nice little Maison Margiela suit, cheeky wee Finamore shirt and Alexander Olch tie combination - in other words, the Hibs way :aok:

Ya tramp ! :greengrin :na na:

Quote:

---

Originally Posted by flash

Just remember if it wasn't for Hertz we would all be typing in German.

---

Can we blame them then, every time the 1966 World Cup is brought up?