Share Transfers Agreed/Cooling off period

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Originally Posted by Kato

http://www.scotsman.com/business/ban...bank-1-2807982

The above is yesterdays headline "Hearts assets will transfer to second Lithuanian bank" although there is nothing in the copy to say this will happen. Smells like waffle.

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Yes, can someone call the Scottish auditors of Heart of Midlothian to establish.
1) who owns all the shares in Heart of Midlothian and
2) who the security on the debt is assigned to.

Not difficult questions for any ordinary company to answer.

Are there any trading while insolvent corporate laws that a Scottish board Director needs to be aware of ?
I am thinking eg. fraudulently asking for bake sale proceeds for share certificates or season ticket money when knowing that it is just a matter of time before bankruptcy occurs.

Does the local authority or HMRC have a statutory obligation to try and get its money ?

I notice that a European reconstruction bank is now going to be involved and need reassurance that Hearts are being treated just like any other Scottish club or institution.

I don't remember Third Lanark having this many lives.

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Originally Posted by CropleyWasGod

Where are RFC going to get £24m to pay off the debt, plus the cost of the stadium?

And what assets do Hearts have?

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Ovens :wink:

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Originally Posted by hibees 7062

Ovens :wink:

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they'll soon be sticking their heids in their ovens :greengrin

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Originally Posted by hibees 7062

Ovens :wink:

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...and face-paints,

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Originally Posted by Desperate Dan

they'll soon be sticking their heids in their ovens :greengrin

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....so if required they can go out looking a zebra or a cat or something. Would an Ostrich be hard to do with face paints?

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Originally Posted by bingo70

I'm just thinking there's probably someone sat in an office in Lithuania either at ukio or ubig that must be noticing there's a 2 bob football club in Edinburgh that owes them a fortune, has assets but losing them a fortune every day they're open.

If it was me looking at it the first thing I'd say is let's take any cash from them, close them down so they don't lose any more money then look to sell the assets.

Suppose I just don't understand why they'd keep them open for a day longer when they're only going ti lose more money?

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Might have something to do with upcoming Cup Final/Season Ticket cash

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Originally Posted by Jack Hackett

Might have something to do with upcoming Cup Final/Season Ticket cash

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I'm not so sure they will be spending any large amounts of cash on their team until matters are resolved one way or another :wink:

"The Penny Has Dropped" :greengrin

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Originally Posted by Treadstone

Hope they are brighter than this guy on the Brokeback thread 'Bankruptcy':

jambosdad

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Got to be an agent undercover ??

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Originally Posted by Treadstone

Hope they are brighter than this guy on the Brokeback thread 'Bankruptcy':

jambosdad

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What about that profile? Jambos 'Dad' thinks he needs to keep his gender secret?
Where would we be without these sparryheids eh?

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Originally Posted by Hibeesforever

Yes, can someone call the Scottish auditors of Heart of Midlothian to establish.
1) who owns all the shares in Heart of Midlothian and
2) who the security on the debt is assigned to.

Not difficult questions for any ordinary company to answer. That information is in the public domain. A couple of quid to Companies House will find the answers.

Are there any trading while insolvent corporate laws that a Scottish board Director needs to be aware of ? It's against the law.
I am thinking eg. fraudulently asking for bake sale proceeds for share certificates or season ticket money when knowing that it is just a matter of time before bankruptcy occurs.

Does the local authority or HMRC have a statutory obligation to try and get its money ? Yes, but they can't get blood out of a stone.

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Got this from brokeback on the bankruptcy thread..... Not as funny as the naked chicken dance but still a belter!

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Murrayfield is the way forward, it would need to be redeveloped so its less 'fishbowl-ee' but is the correct way forward, tynecastle is NOT fit for purpose, please put your nostalgic feelings aside and look at it practically.
We need champions league football,
Our fan base can expand, at least to get more people attending

We cannot hope to compete with either of the ugly sisters because a common reason for players jumping ship is Celtic/sevco are a bigger club, that is harder to say when the stadium is a 60,000 seater - assuming minimally we can get 30,000 a week, something i believe is possible however the product on the park needs to improve drastically as well as the price to get in

(Tbh a 40,000 seater would be sufficient)

Would also do pre seasons in japan and build a foreign market

But thats just someone who wants to move forward

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The best bit..... He really BELIEVES..... Couldn't understand why a couple of his fellow Savile's questioned it! :D

[QUOTE=Sir Alf R;3516418]Got this from brokeback on the bankruptcy thread..... Not as funny as the naked chicken dance but still a belter!

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Murrayfield is the way forward, it would need to be redeveloped so its less 'fishbowl-ee' but is the correct way forward, tynecastle is NOT fit for purpose, please put your nostalgic feelings aside and look at it practically.
We need champions league football,
Our fan base can expand, at least to get more people attending

We cannot hope to compete with either of the ugly sisters because a common reason for players jumping ship is Celtic/sevco are a bigger club, that is harder to say when the stadium is a 60,000 seater - assuming minimally we can get 30,000 a week, something i believe is possible however the product on the park needs to improve drastically as well as the price to get in

(Tbh a 40,000 seater would be sufficient)

Would also do pre seasons in japan and build a foreign market

But thats just someone who wants to move forward

The best bit..... He really BELIEVES..... Couldn't understand why a couple of his fellow Savile's questioned it! :D

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:faf: :faf:

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Originally Posted by Sir Alf R

Got this from brokeback on the bankruptcy thread..... Not as funny as the naked chicken dance but still a belter!

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Murrayfield is the way forward, it would need to be redeveloped so its less 'fishbowl-ee' but is the correct way forward, tynecastle is NOT fit for purpose, please put your nostalgic feelings aside and look at it practically.
We need champions league football,
Our fan base can expand, at least to get more people attending

We cannot hope to compete with either of the ugly sisters because a common reason for players jumping ship is Celtic/sevco are a bigger club, that is harder to say when the stadium is a 60,000 seater - assuming minimally we can get 30,000 a week, something i believe is possible however the product on the park needs to improve drastically as well as the price to get in

(Tbh a 40,000 seater would be sufficient)

Would also do pre seasons in japan and build a foreign market

But thats just someone who wants to move forward

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The best bit..... He really BELIEVES..... Couldn't understand why a couple of his fellow Savile's questioned it! :D

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He had to be one of our own.

[QUOTE=Sir Alf R;3516418]Got this from brokeback on the bankruptcy thread..... Not as funny as the naked chicken dance but still a belter!

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Murrayfield is the way forward, it would need to be redeveloped so its less 'fishbowl-ee' but is the correct way forward, tynecastle is NOT fit for purpose, please put your nostalgic feelings aside and look at it practically.
We need champions league football,
Our fan base can expand, at least to get more people attending

We cannot hope to compete with either of the ugly sisters because a common reason for players jumping ship is Celtic/sevco are a bigger club, that is harder to say when the stadium is a 60,000 seater - assuming minimally we can get 30,000 a week, something i believe is possible however the product on the park needs to improve drastically as well as the price to get in

(Tbh a 40,000 seater would be sufficient)

Would also do pre seasons in japan and build a foreign market

But thats just someone who wants to move forward

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Could that be a Hibee at the wind-up?

Coz, if it`s no.....then that is delusion on a staggering scale....

http://www.youtube.com/watch?v=GIQQhPTuRH4

Surely must be one of us undercover, if so well done. If not the medication must be wearing off. What a total balloon! No one can take that joke outfit with their moronic fans seriously. I would bet that every fan of every other club in the country who reads that nonsense just laughs and then hopes that their death come soon to put all of that "bigger than everyone" pish to bed once and for all

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Murrayfield is the way forward, it would need to be redeveloped so its less 'fishbowl-ee' but is the correct way forward, tynecastle is NOT fit for purpose, please put your nostalgic feelings aside and look at it practically.
We need champions league football,
Our fan base can expand, at least to get more people attending

We cannot hope to compete with either of the ugly sisters because a common reason for players jumping ship is Celtic/sevco are a bigger club, that is harder to say when the stadium is a 60,000 seater - assuming minimally we can get 30,000 a week, something i believe is possible however the product on the park needs to improve drastically as well as the price to get in

(Tbh a 40,000 seater would be sufficient)

Would also do pre seasons in japan and build a foreign market

But thats just someone who wants to move forward

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Priceless :top marks

Pre season tours of Japan. :faf:

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Originally Posted by RossHibs

Could that be a Hibee at the wind-up?

Coz, if it`s no.....then that is delusion on a staggering scale....

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There's definitely quite a few of them left.....Rolland on the Scotsman/EEN pages springs to mind as a prime example

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Originally Posted by RossHibs

Could that be a Hibee at the wind-up?

Coz, if it`s no.....then that is delusion on a staggering scale....

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Its astounding. Great to see them back-tracking to the pieman's vision too. Erses.

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Murrayfield is the way forward, it would need to be redeveloped so its less 'fishbowl-ee' but is the correct way forward, tynecastle is NOT fit for purpose, please put your nostalgic feelings aside and look at it practically.
We need champions league football,
Our fan base can expand, at least to get more people attending

We cannot hope to compete with either of the ugly sisters because a common reason for players jumping ship is Celtic/sevco are a bigger club, that is harder to say when the stadium is a 60,000 seater - assuming minimally we can get 30,000 a week, something i believe is possible however the product on the park needs to improve drastically as well as the price to get in

(Tbh a 40,000 seater would be sufficient)

Would also do pre seasons in japan and build a foreign market

But thats just someone who wants to move forward

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Super. The financially crippled SRU will redevelop it's stadium (which it is capable of filling now and again for some test matches) to suit the needs of another financial basket case (which would never fill even half of it). Is that what that rocket really thinks is a realistic idea?

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Originally Posted by Jack Hackett

Might have something to do with upcoming Cup Final/Season Ticket cash

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Aye but selling season tickets when the directors know the club is insolvent is illegal. Perhaps Fedotovas is packing up his things as we speak, just in case he needs to go back to Lithuania in a hurry.

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Originally Posted by Jack Hackett

There's definitely quite a few of them left.....Rolland on the Scotsman/EEN pages springs to mind as a prime example

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Rolland is indeed a prize balloon. Use to argue with him but gave up years ago when I realised how deluded he was.

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Originally Posted by tamig

Its astounding. Great to see them back-tracking to the pieman's vision too. Erses.

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Funny how times change. The pie mans dream all of a sudden their best option. Haha throbbers

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Originally Posted by jacomoseven

Aye but selling season tickets when the directors know the club is insolvent is illegal. Perhaps Fedotovas is packing up his things as we speak, just in case he needs to go back to Lithuania in a hurry.

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If it is illegal, would that mean that any organisation that actively provides assistance would also be culpable. Just now wondering where the SPL would sit in something like this ? I know they have difficulty saying when their fixtures will take place but it would seem that Hearts cash flow problems would be on a whole different level. If Hearts were thinking of selling season tickets to unsuspecting folks would the SPL or SFA have to sanction this first ? ie. see proof of their accounts ? Seems neither their supporters club or auditor have been able to do this but as the SPL sanction the competition there could be a rule to cover an event like the above ?
If you assume there is no bank in the land that will provide them with any further overdraft facilities, things must be very, very close to the wire. Must be easy to work out how long all the player contracts are to get their existing rough liabilities ? Add on the council tax and HMRC monies......
Wonder if the players are due bonus money if they do well in the League Cup final.....the bills just keep mounting!

As Vlad said above, it must all be a plan for one team in the city.
In years to come, children will ask why the buses are painted maroon....when Gorgie returns to parkland nature, only the buses will be left to change in the Capital city.

:flag:

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Originally Posted by The_Todd

Super. The financially crippled SRU will redevelop it's stadium (which it is capable of filling now and again for some test matches) to suit the needs of another financial basket case (which would never fill even half of it). Is that what that rocket really thinks is a realistic idea?

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There is a difference. The financial basket case SRU will take in about £9M for 3 games in a couple of months excluding TV money and coporate stuff. To be fair they will have spent some of it on fireworks, pipers and face paint but they have away forward. Hertz dont. They are about to die. Their average attendance would fill less than a quarter of the ground.Deid

Leslie Deans. Pretty short story. Brought the pieman to tynecastle. Ended in tears. Brought the Romanovs to tynecastle. Ended in..erm...

Leslie Deans

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Originally Posted by jacomoseven

Rolland is indeed a prize balloon. Use to argue with him but gave up years ago when I realised how deluded he was.

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Rolland is a waste of skin. Along with that other roaster Kiwi Doug that used to frequent there.

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Originally Posted by TrinityHibs

They are about to die. Their average attendance would fill less than a quarter of the ground.Deid

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Make that a fifth as its about to plummet with bottom six fitba.

14,280 v Killie down to 11,325 for ICT

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Originally Posted by The_Todd

Super. The financially crippled SRU will redevelop it's stadium (which it is capable of filling now and again for some test matches) to suit the needs of another financial basket case (which would never fill even half of it). Is that what that rocket really thinks is a realistic idea?

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A Japanese preseason ? Wong on so many levels

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Originally Posted by DC_Hibs

Make that a fifth as its about to plummet with bottom six fitba.

14,280 v Killie down to 11,325 for ICT

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And the only reason they had so many against killie was due to the fact that fans attending that match were guaranteed a ticket for the final. Their attendances are dropping to what they were before the begging bowl came out in November.