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22-09-2013, 02:35 PM
K-Zazu

Create history? What a sad pathetic football club.
22-09-2013, 02:40 PM
Saorsa

Quote:

Originally Posted by Hiberniankb

Create history? What a sad pathetic football club.

soon they will be it.
22-09-2013, 04:58 PM
Springbank

Hearts created history the minute BDO released the creditor list.

The fact their fans seek to revise history rather than face up to their history means history will judge them as cheats, just as bad as the Romanov family
22-09-2013, 06:27 PM
RecobasUncle

Tsssk tssk some really cynical comments about Hearts creating history!

Don't you people realize Hearts will create history when they are forced to create a new club?
22-09-2013, 07:47 PM
Jack Hackett

#shameless
22-09-2013, 10:04 PM
Tam

Speaking to an employee of them today who told me that BDO have called all employees of the club to a,meeting at HWU on Tue evening
22-09-2013, 11:26 PM
The Green Goblin

Quote:

Originally Posted by Tam

Speaking to an employee of them today who told me that BDO have called all employees of the club to a,meeting at HWU on Tue evening

They've just said that now to give them all enough time to bake some cakes.
23-09-2013, 05:45 AM
bingo70

Quote:

Originally Posted by Tam

Speaking to an employee of them today who told me that BDO have called all employees of the club to a,meeting at HWU on Tue evening

I take it hearts are playing in the league cup on Wednesday then?

Would have thought any meetings would have been at tynecastle?
23-09-2013, 06:20 AM
gorgie greens

Quote:

Originally Posted by Tam

Speaking to an employee of them today who told me that BDO have called all employees of the club to a,meeting at HWU on Tue evening

hopefully they will hear that famous Scottish saying "yer teas oot" or "the ba's burst" or "that shoogly peg yer jacket was on has fallen off"
hopefully it will say "sorry to have to tell you this but due to unforseen circumstances (skint)were going for liquidisation ,it has been a tremendous effort by everyone and i have enjoyed all the home baking over the months,but the diddies have been getting cancelled due to christmas comming up our prefered bidder are no longer in a position to bid for us.
23-09-2013, 06:28 AM
s.a.m

Quote:

Originally Posted by gorgie greens

hopefully they will hear that famous Scottish saying "yer teas oot" or "the ba's burst" or "that shoogly peg yer jacket was on has fallen off"
hopefully it will say "sorry to have to tell you this but due to unforseen circumstances (skint)were going for liquidisation ,it has been a tremendous effort by everyone and i have enjoyed all the home baking over the months,but the diddies have been getting cancelled due to christmas comming up our prefered bidder are no longer in a position to bid for us.

That would be lovely. You would think, though, that if their tea was oot, they wouldn't be waiting until Tuesday evening to tell them:dunno:
23-09-2013, 06:37 AM
gorgie greens

unless its to tell them that they are having to let more staff go,dont think it will be to let them know that the xmas party will no longer be held at the Dalmahoy and they have moved it to the salvation army hall in Gorgie rd
23-09-2013, 07:13 AM
greenginger

It will just be a curtesey update by BDO to the Yam staff and a thankyou for working for reduced wages or nowt as the case may be.

BDO will then bill £500/hour for their time.
23-09-2013, 07:17 AM
RoslinInstHibby

Quote:

Originally Posted by bingo70

I take it hearts are playing in the league cup on Wednesday then?

Would have thought any meetings would have been at tynecastle?

same....why at the uni?
23-09-2013, 07:18 AM
Geo_1875

Will they get paid overtime for turning out at night? I imagine it's at Riccarton to save turning on the lights at Tynie.
23-09-2013, 07:22 AM
Phil D. Rolls

Quote:

Originally Posted by EskbankHibby

Lest we forget the Scottish Ambulance Service, HMRC, Edinburgh Council, NHS Lothian, NHS Fife and even the British Red Cross. Let's hope these worthy institutions register high enough on the jambo cringe-o-meter that they get more than a few pence in the pound. What sort of organisation builds up ANY debt to the Scottish Ambulance Service and the British Red Cross?:no way:

How can they owe money to the NHS?
23-09-2013, 07:25 AM
Jack

Quote:

Originally Posted by hwuhibby

same....why at the uni?

They'd have to use their own electricity at the wongadome and someone might need a pee and add to the water bill.
23-09-2013, 07:52 AM
EskbankHibby

Quote:

Originally Posted by Filled Rolls

How can they owe money to the NHS?

On the creditors list. Would be interested to know the specifics.
23-09-2013, 08:08 AM
Jim44

It's an odd one. If it was good news, why drag them away out there to kick them in the teeth? Then again, if it was good news you would think they'd be falling over themselves to tell them immediately. My guess is that the info about a meeting is probably incorrect.
23-09-2013, 08:09 AM
SmashinGlass

Quote:

Originally Posted by EskbankHibby

On the creditors list. Would be interested to know the specifics.

It will be for the presence of an ambulance at games.
23-09-2013, 08:11 AM
Just Alf

Quote:

Originally Posted by hwuhibby

same....why at the uni?

Probably because they'll not have the keys to the shiney new padlocks at tynie? :greengrin
23-09-2013, 08:13 AM
Peevemor

Quote:

Originally Posted by Sir Alf R

Probably because they'll not have the keys to the shiney new padlocks at tynie? :greengrin

That's exactly what I was thinking (hoping :pray:).
23-09-2013, 08:25 AM
dangermouse

Quote:

Originally Posted by SmashinGlass

It will be for the presence of an ambulance at games.

Think that would be due to the Scottish Ambulance Service (although they are part of the NHS the bill wouldn't be for NHS Fife)
23-09-2013, 08:38 AM
Coco Bryce

It's probably for Gary Locke's urine tests :agree:
23-09-2013, 08:48 AM
Bostonhibby

Quote:

Originally Posted by hwuhibby

same....why at the uni?

Another freebie from their benevolent landlord?:wink:

Probably no real news but they are doing it off site to make the staff feel its something important and they are being involved first.

Either that or it's the old trick of having the meeting away from the office whilst the security arrangements are changed because they are not getting back in! If this was a real good news one it would be leaked to the press well in advance and allisbary would not be able to contain himself, presumably neither would independent Ian, MP for all of the people.
23-09-2013, 08:48 AM
Jack Hackett

Quote:

Originally Posted by Coco Bryce

It's probably for Gary Locke's urine tests :agree:

Stop talking pish :greengrin
23-09-2013, 08:57 AM
JeMeSouviens

Quote:

Originally Posted by Bostonhibby

Another freebie from their benevolent landlord?:wink:

Probably no real news but they are doing it off site to make the staff feel its something important and they are being involved first.

Either that or it's the old trick of having the meeting away from the office whilst the security arrangements are changed because they are not getting back in! If this was a real good news one it would be leaked to the press well in advance and allisbary would not be able to contain himself, presumably neither would independent Ian, MP for all of the people.

Wouldn't have thought the players or coaching staff normally go to Tiny through the week, so Riccarton is probably the easiest place to get them all together. It's probably just a routine staff meeting to tell them nothing's happening.
23-09-2013, 09:01 AM
Dashing Bob S

Quote:

Originally Posted by JeMeSouviens

Wouldn't have thought the players or coaching staff normally go to Tiny through the week, so Riccarton is probably the easiest place to get them all together. It's probably just a routine staff meeting to tell them nothing's happening.

Probably announcing that the new training sessions will take place at the Gyle, and that they will be ground sharing with Whitehill Welfare from here on in, in preparation for an assault on the Lowlife League title next year.

They had to wait to till Tuesday night as the team bus ran out of petrol, nobody had a credit card that wasn't snide, so they had to hitch hike home. Several of the 'less experienced' first team members took the wrong turning and apparently ended up in Aberdeen.
23-09-2013, 10:08 AM
PatHead

It was interesting that the accommodation on Friday was paid by the Hearts Fighting Fund and not FoH. I assume that that was in their remit as I understood that the Fighting Fund was for essential maintenance such as painting steps, repairing windows etc. Does this mean FoH are struggling to raise cash and every penny has to go to the bid or they are running out? Finally did Ross County give Hearts a cut of the gates?
23-09-2013, 10:11 AM
The Green Goblin

Quote:

Originally Posted by s.a.m

That would be lovely. You would think, though, that if their tea was oot, they wouldn't be waiting until Tuesday evening to tell them:dunno:

Maybe they'll all arrive to be told "you'll have had yer tea" followed by "and now you've had yer chips too"!
23-09-2013, 10:59 AM
Keith_M

It's probably just some mundane update meeting from BDO.

"Here's the current status: nothing new to tell you other than we just made another 3k from holding this get together. Thank you all and good night."
23-09-2013, 11:10 AM
Spike Mandela

It is to explain the new terms of the lease with HWU, show them where the cleaning eqpt is and work out shifts for who is cleaning the cludgies every night.
23-09-2013, 11:55 AM
Ozyhibby

When Charles Green offered to buy the old Rangers out of admin there were two offers on the table. One to buy the club with a CVA and one to buy the assets of the old club and start a new club in Div 3.
As far as we know there is no dual offer from FoH as the assets are the bit they can't afford (although in my opinion they should be offering to buy the club without the assets as well).
What I'm getting to is that on the day that the CVA is turned down (if it is) then I imagine they will be turfed out of the premises pretty quickly?
Anyone know what the norm is?
23-09-2013, 01:34 PM
EH6 Hibby

Quote:

Originally Posted by Ozyhibby

When Charles Green offered to buy the old Rangers out of admin there were two offers on the table. One to buy the club with a CVA and one to buy the assets of the old club and start a new club in Div 3.
As far as we know there is no dual offer from FoH as the assets are the bit they can't afford (although in my opinion they should be offering to buy the club without the assets as well).
What I'm getting to is that on the day that the CVA is turned down (if it is) then I imagine they will be turfed out of the premises pretty quickly?
Anyone know what the norm is?

FOH don't have any money though remember. They're borrowing all the money they're planning to put in. The club itself will have no assets so I'd imagine the people loaning the money would be much less inclined if there's no security over their investment.
23-09-2013, 02:23 PM
Deansy

Quote:

Originally Posted by EH6 Hibby

FOH don't have any money though remember. They're borrowing all the money they're planning to put in. The club itself will have no assets so I'd imagine the people loaning the money would be much less inclined if there's no security over their investment.

This is what don't get - as I understand it, the 'Muppets with money' (Ann Budge ??) are putting the money up for FOH and the 1st years D/D's are for the running of the club (IF successful ??). After that, the D/D's are for RE-PAYING that money to the 'Muppets with Money' (Ann Budge ??) - does anyone seriously expect that money to be repaid ??.
23-09-2013, 02:31 PM
Keith_M

Quote:

Originally Posted by Deansy

This is what don't get - as I understand it, the 'Muppets with money' (Ann Budge ??) are putting the money up for FOH and the 1st years D/D's are for the running of the club (IF successful ??). After that, the D/D's are for RE-PAYING that money to the 'Muppets with Money' (Ann Budge ??) - does anyone seriously expect that money to be repaid ??.

Hence the reason there will be a security on the loan. If the CVA is successful, they'll be buying Tynecastle and using it as security. If they don't repay, they could lose ownership of Tynecastle.

What I think is more likely to happen, if the repayments slow to a trickle, is that the terms will be renegotiated and the Loan paid back over a longer term, with the increase in interest payments that would obviouslly incur. Hearts would probably also find themselves paying a large part of their income every year to offset part of the cancelled DDs.
23-09-2013, 02:46 PM
Deansy

Quote:

Originally Posted by keekaboo

Hence the reason there will be a security on the loan. If the CVA is successful, they'll be buying Tynecastle and using it as security. If they don't repay, they could lose ownership of Tynecastle.

What I think is more likely to happen, if the repayments slow to a trickle, is that the terms will be renegotiated and the Loan paid back over a longer term, with the increase in interest payments that would obviouslly incur. Hearts would probably also find themselves paying a large part of their income every year to offset part of the cancelled DDs.

So basically, it would be a nice wee earner for 'Muppets with Money' (Ann Budge ??) if it comes off (Tax-Wise) ??.
23-09-2013, 02:56 PM
weonlywon6-2

Quote:

Originally Posted by JeMeSouviens

Wouldn't have thought the players or coaching staff normally go to Tiny through the week, so Riccarton is probably the easiest place to get them all together. It's probably just a routine staff meeting to tell them nothing's happening.

Probably using the conference room at heriot watt as there is not enough room at swynie
23-09-2013, 03:06 PM
Springbank

Maybe they could hold it in the accountancy faculty. Maybe learn why we've been saying "told you so" since early 2006
23-09-2013, 03:06 PM
Bostonhibby

Quote:

Originally Posted by JeMeSouviens

Wouldn't have thought the players or coaching staff normally go to Tiny through the week, so Riccarton is probably the easiest place to get them all together. It's probably just a routine staff meeting to tell them nothing's happening.

:agree: but the ordinary non playing staff who are left (the ones who got shafted immediately last time) need to be kept sweet, especially if they are being paid no money, or less than they got before, but are keeping the good ship yam moving on behalf of the admins meantime.

At least BDO seem to want to talk to the "staff", which was more than the dear leader ever felt he had to do, especially the poor saps that lost their jobs overnight - but what do they matter and what thought have they had since?.
23-09-2013, 03:07 PM
silverhibee

Quote:

Originally Posted by greenginger

It will just be a curtesey update by BDO to the Yam staff and a thankyou for working for reduced wages or nowt as the case may be.

BDO will then bill £500/hour for their time.

Are the players who took a wage cut at the start still doing it.
23-09-2013, 03:10 PM
Billy Whizz

Probably a training exercise for Business class students, on how not to run a Company
23-09-2013, 03:12 PM
Bostonhibby

Quote:

Originally Posted by silverhibee

Are the players who took a wage cut at the start still doing it.

Good question, and while we are at it, can big trudi skacel pull a pint? :greengrin
23-09-2013, 03:26 PM
RoslinInstHibby

Quote:

Originally Posted by weonlywon6-2

Probably using the conference room at heriot watt as there is not enough room at swynie

conference rooms are not part of the facilities
23-09-2013, 03:36 PM
greenginger

Quote:

Originally Posted by Deansy

This is what don't get - as I understand it, the 'Muppets with money' (Ann Budge ??) are putting the money up for FOH and the 1st years D/D's are for the running of the club (IF successful ??). After that, the D/D's are for RE-PAYING that money to the 'Muppets with Money' (Ann Budge ??) - does anyone seriously expect that money to be repaid ??.

If the D/D's are cancelled after the purchase the muppets with money, bidco will probably expect to get repaid from the football club's normal income which will screw the football side of things for a long time.

However, I'm sure there are rules against this method as it would be seen as a leveraged purchase of a company ( Cav, CWG PTS come in here ) so I have no idea what would happen.

Anne Budge chairperson of HOMFC.
23-09-2013, 03:40 PM
Pedantic_Hibee

Quote:

Originally Posted by Bostonhibby

:agree: but the ordinary non playing staff who are left (the ones who got shafted immediately last time) need to be kept sweet, especially if they are being paid no money, or less than they got before, but are keeping the good ship yam moving on behalf of the admins meantime.

At least BDO seem to want to talk to the "staff", which was more than the dear leader ever felt he had to do, especially the poor saps that lost their jobs overnight - but what do they matter and what thought have they had since?.

HoMFC fans no longer care about those that were made redundant. In fact even the threat of liquidation and/or relegation doesn't seem to bother them lately. They're more concerned about celebrating defeats and crying tears of pride as their kids empty their piggy banks for shares they'll never receive.
23-09-2013, 08:27 PM
Www1875hfc

Be interesting to see how many they knock off the attendance figure from Wednesdays home game against Q'O'S.
24-09-2013, 05:56 AM
PapillonVert

Quote:

Originally Posted by greenginger

If the D/D's are cancelled after the purchase the muppets with money, bidco will probably expect to get repaid from the football club's normal income which will screw the football side of things for a long time.

However, I'm sure there are rules against this method as it would be seen as a leveraged purchase of a company ( Cav, CWG PTS come in here ) so I have no idea what would happen.

Anne Budge chairperson of HOMFC.

You would have to think that one of the conditions of putting up the money will be that the Bidsters are given a security over the assets (Tynie) which could be enforced if the repayments are not made.
24-09-2013, 06:35 AM
degenerated

The foundation have recorded a song now in their bid to create history. I hope its as good as the Marshall's chunky chickens champions one from the 80's.
https://twitter.com/the_foh/status/382204516440866816
24-09-2013, 06:49 AM
Phil D. Rolls

Quote:

Originally Posted by degenerated

The foundation have recorded a song now in their bid to create history. I hope its as good as the Marshall's chunky chickens champions one from the 80's.
https://twitter.com/the_foh/status/382204516440866816

What a bunch of no marks. Famous for 15 seconds. If they each donated an hours wages, they would have raised more.

Typical yams, pretending to be celebrities, instead of small town big shots.
24-09-2013, 07:38 AM
AndyM_1875

Quote:

Originally Posted by PapillonVert

You would have to think that one of the conditions of putting up the money will be that the Bidsters are given a security over the assets (Tynie) which could be enforced if the repayments are not made.

And to get security over the assets and get the club they will need to have serious wedge. As my lapsed Jambo Accountant buddy states

"Unless the Lithuanians are seeing at least 8-10 million (that's Pounds not Litas and it does NOT include the working capital required to run the club) then the games up and you are looking at a Newco and a sh*tload of Humble Pie. The Lithuanians have the ground and they'll take it. What Ian Murray and his people don't seem to get is those are the cold hard rules of business and all the cake sales and semi aggressive bletherings from Hearts supporting Politicians won't change that one bit."
24-09-2013, 08:00 AM
Weststandwanab

Quote:

Originally Posted by AndyM_1875

And to get security over the assets and get the club they will need to have serious wedge. As my lapsed Jambo Accountant buddy states

"Unless the Lithuanians are seeing at least 8-10 million (that's Pounds not Litas and it does NOT include the working capital required to run the club) then the games up and you are looking at a Newco and a sh*tload of Humble Pie. The Lithuanians have the ground and they'll take it. What Ian Murray and his people don't seem to get is those are the cold hard rules of business and all the cake sales and semi aggressive bletherings from Hearts supporting Politicians won't change that one bit."

Andy, is your mate a lapsed Jambo or a lapsed bean counter ?
24-09-2013, 08:02 AM
Saorsa

Quote:

Originally Posted by AndyM_1875

And to get security over the assets and get the club they will need to have serious wedge. As my lapsed Jambo Accountant buddy states

"Unless the Lithuanians are seeing at least 8-10 million (that's Pounds not Litas and it does NOT include the working capital required to run the club) then the games up and you are looking at a Newco and a sh*tload of Humble Pie. The Lithuanians have the ground and they'll take it. What Ian Murray and his people don't seem to get is those are the cold hard rules of business and all the cake sales and semi aggressive bletherings from Hearts supporting Politicians won't change that one bit."

Which isnae going tae happen, I wish they'd stop dragging it out over in Lith land and hurry up lower the boom on the ***** once and for all.
24-09-2013, 08:02 AM
#FromTheCapital

Quote:

Originally Posted by AndyM_1875

And to get security over the assets and get the club they will need to have serious wedge. As my lapsed Jambo Accountant buddy states

"Unless the Lithuanians are seeing at least 8-10 million (that's Pounds not Litas and it does NOT include the working capital required to run the club) then the games up and you are looking at a Newco and a sh*tload of Humble Pie. The Lithuanians have the ground and they'll take it. What Ian Murray and his people don't seem to get is those are the cold hard rules of business and all the cake sales and semi aggressive bletherings from Hearts supporting Politicians won't change that one bit."

Do you know how he arrives at the 8-10 million figure? I thought roughly half of that would be enough :dunno:
24-09-2013, 08:13 AM
Sergey

Quote:

Originally Posted by #FromTheCapital

Do you know how he arrives at the 8-10 million figure? I thought roughly half of that would be enough :dunno:

I'd imagine that that is what the stadium land has been valued at as real estate.

Remember, in all of this process, the Lithuanian administrators will get the maximum amount they can for the Lithuanian taxpayers. Keeping the club as a going concern isn't in their remit.
24-09-2013, 08:25 AM
PapillonVert

Quote:

Originally Posted by AndyM_1875

And to get security over the assets and get the club they will need to have serious wedge. As my lapsed Jambo Accountant buddy states

"Unless the Lithuanians are seeing at least 8-10 million (that's Pounds not Litas and it does NOT include the working capital required to run the club) then the games up and you are looking at a Newco and a sh*tload of Humble Pie. The Lithuanians have the ground and they'll take it. What Ian Murray and his people don't seem to get is those are the cold hard rules of business and all the cake sales and semi aggressive bletherings from Hearts supporting Politicians won't change that one bit."

Yes,I should have added the proviso:"All this is on the assumption that the current security holders (or their admins) are willing to sell to FoH for something about half what they could probably get on the open market from a developer".
24-09-2013, 08:28 AM
MB62

I just get the feeling they are happy to plod along indefinitely in Admin and as long as nobody rocks the boat any further, they'll just to try to see the season out in admin then worry about next season when it comes.
24-09-2013, 08:32 AM
lyonhibs

When can we actually expect the end game to come? The Grim Reaper, wearing a cheap Lithuanian suit, or whoever it is that is going to put an end to their wretched existence?

I mean, are the FOH just wind-up merchants that are pishing into the wind?
24-09-2013, 08:51 AM
AndyM_1875

Quote:

Originally Posted by Sergey

I'd imagine that that is what the stadium land has been valued at as real estate.

Remember, in all of this process, the Lithuanian administrators will get the maximum amount they can for the Lithuanian taxpayers. Keeping the club as a going concern isn't in their remit.

Think his figure was based around the £6.8m security plus money to pay BDO.

If the CVA is knocked back the Lithuanians will take the stadium, BDO will take their fee and there will be precious little if anything in the pot left for the Creditors who should probably prepare themselves to get utterly shafted.
24-09-2013, 08:57 AM
CropleyWasGod

Quote:

Originally Posted by AndyM_1875

Think his figure was based around the £6.8m security plus money to pay BDO.

If the CVA is knocked back the Lithuanians will take the stadium, BDO will take their fee and there will be precious little if anything in the pot left for the Creditors who should probably prepare themselves to get utterly shafted.

There is nothing for the unsecured creditors. That much has been made plain by BDO already.
24-09-2013, 09:24 AM
Ozyhibby

Still not sure why FoH don't make an offer for that club without the stadium. They probably have enough for that and it would save them from having to newco and mean they are only relegated one division.
24-09-2013, 10:49 AM
AndyM_1875

Quote:

Originally Posted by Ozyhibby

Still not sure why FoH don't make an offer for that club without the stadium. They probably have enough for that and it would save them from having to newco and mean they are only relegated one division.

There certainly appears to have been a real lack of both forethought and strategy with FoH. Still, it'll be amusing when it all goes down.
24-09-2013, 10:51 AM
dangermouse

Quote:

Originally Posted by Ozyhibby

Still not sure why FoH don't make an offer for that club without the stadium. They probably have enough for that and it would save them from having to newco and mean they are only relegated one division.

Probably because without the security of the stadium the Biddies would cough up F all.
24-09-2013, 10:55 AM
MrSmith

I'm not so sure it will all go down. They have been hanging on a thread for so long I would conclude, it will remain that way until the end of the season. After this ... anyone's guess??
24-09-2013, 11:00 AM
Treadstone

Quote:

Originally Posted by degenerated

The foundation have recorded a song now in their bid to create history. I hope its as good as the Marshall's chunky chickens champions one from the 80's.
https://twitter.com/the_foh/status/382204516440866816

https://audioboo.fm/boos/1617295-a-hhgh-sing-song

http://mameara.com/wp-content/upload...22-222x222.jpg
24-09-2013, 11:03 AM
Peevemor

Quote:

Originally Posted by Treadstone

https://audioboo.fm/boos/1617295-a-hhgh-sing-song

http://mameara.com/wp-content/upload...22-222x222.jpg

Wow!
24-09-2013, 11:05 AM
Saorsa

Quote:

Originally Posted by Treadstone

https://audioboo.fm/boos/1617295-a-hhgh-sing-song

http://mameara.com/wp-content/upload...22-222x222.jpg

That is ****in' awful, there's no one of them that could even carry a tune in a bucket.

:LOL:

:hahaha::jamboclow
24-09-2013, 11:08 AM
MB62

Quote:

Originally Posted by Ozyhibby

Still not sure why FoH don't make an offer for that club without the stadium. They probably have enough for that and it would save them from having to newco and mean they are only relegated one division.

And where would they play? as the ground would be sold to the highest bidder for flats or whatever.
24-09-2013, 11:09 AM
--------

Quote:

Originally Posted by Treadstone

https://audioboo.fm/boos/1617295-a-hhgh-sing-song

http://mameara.com/wp-content/upload...22-222x222.jpg

OOOOWWWWWW!!!!!!

Gonnae no dae that? :faf:
24-09-2013, 11:17 AM
Peevemor

Quote:

Originally Posted by Desperate Dan

That is ****in' awful, there's no one of them that could even carry a tune in a bucket.

:LOL:

:hahaha::jamboclow

Quote:

Originally Posted by Doddie

OOOOWWWWWW!!!!!!

Gonnae no dae that? :faf:

You may laugh, but just wait until they get Brian Eno in to polish it up!
24-09-2013, 11:22 AM
AndyM_1875

Quote:

Originally Posted by MB62

And where would they play? as the ground would be sold to the highest bidder for flats or whatever.

A short term rental agreement with Livingston or maybe using Meadowbank with their chums on the Council charging them the square root of nowt for it's use by their pet team.
And the cost of bringing Meadowbank up to standard to host 4th tier Scottish Football games is being met by YOU, the Council Taxpayers of Edinburgh.

Meadowbank will then be sold for development and the money raised will be used to build a new Council Stadium (shall we call it New Tynecastle?) in the West of the City with that lot as primary tenants.

Sorry for my cynicism.
24-09-2013, 11:39 AM
lord bunberry

Quote:

Originally Posted by degenerated

The foundation have recorded a song now in their bid to create history. I hope its as good as the Marshall's chunky chickens champions one from the 80's.
https://twitter.com/the_foh/status/382204516440866816

Is 90s music icon cicero involved?
24-09-2013, 11:41 AM
Peevemor

Quote:

Originally Posted by lord bunberry

Is 90s music icon cicero involved?

I really, really hope so!
24-09-2013, 11:49 AM
Saorsa

Quote:

Originally Posted by Peevemor

I really, really hope so!

People shouldnae mock such talent :agree:

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

sorry about that :faf: :faf:
24-09-2013, 12:02 PM
CropleyWasGod

Quote:

Originally Posted by AndyM_1875

A short term rental agreement with Livingston or maybe using Meadowbank with their chums on the Council charging them the square root of nowt for it's use by their pet team.
And the cost of bringing Meadowbank up to standard to host 4th tier Scottish Football games is being met by YOU, the Council Taxpayers of Edinburgh.

Meadowbank will then be sold for development and the money raised will be used to build a new Council Stadium (shall we call it New Tynecastle?) in the West of the City with that lot as primary tenants.

Sorry for my cynicism.

If FOH buy the club, they will not be 4th tier. At worst, they would be 2nd tier.
24-09-2013, 12:08 PM
Saorsa

Quote:

Originally Posted by CropleyWasGod

If FOH buy the club, they will not be 4th tier. At worst, they would be 2nd tier.

Which is why they must be eliminated, 'mon the the Liths, pull the plug.
24-09-2013, 12:09 PM
007 Mickey Weir

What is the punishment if they start next season still in admin?
24-09-2013, 12:22 PM
Glesgahibby

Quote:

Originally Posted by 007 Mickey Weir

What is the punishment if they start next season still in admin?

A poin deduction and a fine(I think:confused:)
Oh and a transfer embargo.
24-09-2013, 12:25 PM
clerriehibs

Quote:

Originally Posted by 007 Mickey Weir

What is the punishment if they start next season still in admin?

Not sure there is one, or even why there should be one. It's a penalty for effectively defaulting on debts, and making scottish fitba look bad.

All the time they're in admin, they're obliged to meet and pay all new debts. So if they're still in admin next season, they haven't done anything more to besmirch scottish fitba'. Apart from exist.
24-09-2013, 12:28 PM
CropleyWasGod

Quote:

Originally Posted by clerriehibs

Not sure there is one, or even why there should be one. It's a penalty for effectively defaulting on debts, and making scottish fitba look bad.

All the time they're in admin, they're obliged to meet and pay all new debts. So if they're still in admin next season, they haven't done anything more to besmirch scottish fitba'. Apart from exist.

As I read this, it's a further 15 points:-

Where an Insolvency Event or in the event that such Insolvency Event is part of an Insolvency Process that process, continues and/or is subsisting during a second or later Season then, for each such second or later Season, during the whole or part of which such Insolvency Event or Insolvency Process is continuing and/or subsisting, the Club concerned shall be deducted 15 points and shall start each such second or later Season in the relevant Division on minus 15 points.
24-09-2013, 12:30 PM
Ozyhibby

Quote:

Originally Posted by clerriehibs

Not sure there is one, or even why there should be one. It's a penalty for effectively defaulting on debts, and making scottish fitba look bad.

All the time they're in admin, they're obliged to meet and pay all new debts. So if they're still in admin next season, they haven't done anything more to besmirch scottish fitba'. Apart from exist.

So they can't be punished for existing? Seems wrong.
24-09-2013, 12:33 PM
Spike Mandela

Is there any real need by Lithuanian administrators and Lithuanian Govt for a quick sale of Tynecastle and land? Would they not get best return by liquidating, shutting stadium and basically sitting on it until land prices inevitably rise and then sell in an auction to highest bidder.
24-09-2013, 12:34 PM
Glesgahibby

Quote:

Originally Posted by clerriehibs

Not sure there is one, or even why there should be one. It's a penalty for effectively defaulting on debts, and making scottish fitba look bad.

All the time they're in admin, they're obliged to meet and pay all new debts. So if they're still in admin next season, they haven't done anything more to besmirch scottish fitba'. Apart from exist.

I'm sure if you carry admin into a new season,then points are docked again.
They would still have a transfer embargo as that would only be lifted once they exit admin.
24-09-2013, 12:37 PM
clerriehibs

Quote:

Originally Posted by CropleyWasGod

As I read this, it's a further 15 points:-

Where an Insolvency Event or in the event that such Insolvency Event is part of an Insolvency Process that process, continues and/or is subsisting during a second or later Season then, for each such second or later Season, during the whole or part of which such Insolvency Event or Insolvency Process is continuing and/or subsisting, the Club concerned shall be deducted 15 points and shall start each such second or later Season in the relevant Division on minus 15 points.

I'm so happy to have my assumption proven wrong.
24-09-2013, 12:40 PM
AndyM_1875

Quote:

Originally Posted by CropleyWasGod

If FOH buy the club, they will not be 4th tier. At worst, they would be 2nd tier.

My scenario assumes a rejected CVA & liquidation and Newco.
24-09-2013, 12:42 PM
Pedantic_Hibee

HoMFC are a laughing stock. :aok:
24-09-2013, 12:46 PM
CropleyWasGod

Quote:

Originally Posted by AndyM_1875

My scenario assumes a rejected CVA & liquidation and Newco.

Okay. I was reading your post as a reply to the one that suggested FOH could buy the club. :agree:
24-09-2013, 12:51 PM
Glesgahibby

To any of the guys with Lithuanian contacts,
How soon will we hear about UBIGs assets,I'm chomping at the bit :greengrin
24-09-2013, 02:33 PM
McD

Quote:

Originally Posted by MB62

I just get the feeling they are happy to plod along indefinitely in Admin and as long as nobody rocks the boat any further, they'll just to try to see the season out in admin then worry about next season when it comes.

In the unlikely event that they manage to get through this entire season in administration, 15 points

:greengrin
24-09-2013, 02:35 PM
dangermouse

Quote:

Originally Posted by AndyM_1875

My scenario assumes a rejected CVA & liquidation and Newco.

Quote:

Originally Posted by CropleyWasGod

Okay. I was reading your post as a reply to the one that suggested FOH could buy the club. :agree:

I reckon if they become a newco they will be lucky to get into the Lowland league. The precedent set by Sevco was to enter at the lowest tier which is what the Lowland, along with the Highland league, will be next season.
24-09-2013, 02:40 PM
greenginger

Quote:

Originally Posted by Glesgahibby

To any of the guys with Lithuanian contacts,
How soon will we hear about UBIGs assets,I'm chomping at the bit :greengrin

I think they are waiting for a certain Mr Romanov to come back to Lithuania and defend himself in Court.

The man has not been well don't you know !
24-09-2013, 03:04 PM
ronaldo7

Quote:

Originally Posted by Glesgahibby

To any of the guys with Lithuanian contacts,
How soon will we hear about UBIGs assets,I'm chomping at the bit :greengrin

Courtesy of the the Evening news

http://www.edinburghnews.scotsman.co...-run-1-3108324

BDO are still awaiting an announcement from Lithuania on who will be administrators for Ukio Bankas Investment Group (UBIG), who hold 50 per cent of shares in Hearts.

A court date has been announced for September 27, although it could then take a further three weeks for a final decision to be made by a judge.
24-09-2013, 03:20 PM
JollyGreenGiant

But why is there no mention of the shares being frozen? Does this mean that the court process will automatically mean they are unfrozen? :confused:
24-09-2013, 03:23 PM
blindsummit

Quote:

Originally Posted by lord bunberry

Is 90s music icon cicero involved?

In the jambos case that would be pissero rather than cicero :greengrin
24-09-2013, 03:56 PM
Jack

Quote:

Originally Posted by Pedantic_Hibee

HoMFC are a laughing stock. :aok:

With all that laughing stock they should be making funny soup instead of cakes.
24-09-2013, 03:57 PM
jacomo

Quote:

Originally Posted by ronaldo7

Courtesy of the the Evening news

http://www.edinburghnews.scotsman.co...-run-1-3108324

BDO are still awaiting an announcement from Lithuania on who will be administrators for Ukio Bankas Investment Group (UBIG), who hold 50 per cent of shares in Hearts.

A court date has been announced for September 27, although it could then take a further three weeks for a final decision to be made by a judge.

Another fine article by Banderson. He is such a talent:

Event: Hearts administrator Brian Jackson loses the plot with reporter Barry Anderson yet again for not having the slightest clue about how the finances of a football club operate, despite being paid to cover the game.

Barry: "Although he acknowledged that Hearts’ priority is surviving in the Scottish Premiership following the 15-point deduction for entering administration, Jackson explained why a cup run is also vital."
24-09-2013, 04:01 PM
CropleyWasGod

Quote:

Originally Posted by JollyGreenGiant

But why is there no mention of the shares being frozen? Does this mean that the court process will automatically mean they are unfrozen? :confused:

Doesn't mean that at all. It will, though, make things slightly easier for BDO in that they will know who they can talk to about the shares.
24-09-2013, 04:40 PM
K-Zazu

Must be so painful being a jambo
Not knowing where the next loaf of bread is coming from.
24-09-2013, 04:42 PM
Jack Hackett

Quote:

Originally Posted by Hiberniankb

Must be so painful being a jambo
Not knowing where the next loaf of bread is coming from.

Let them eat cake
24-09-2013, 04:45 PM
oldbiker

Quote:

Originally Posted by Jack Hackett

Let them eat cake

Or humble pie:greengrin minus the sugar
24-09-2013, 04:49 PM
weecounty hibby

Quote:

Originally Posted by oldbiker

Or humble pie:greengrin minus the sugar

That is one thing that those shameless *******s will never eat.

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