Share Transfers Agreed/Cooling off period

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Originally Posted by Sergey

Never a truer word spoken, Robert.

Even though they might make the seasons end, albeit with the prospect of administration looming, they've still to get last years accounts signed off and the auditors have to acknowledge that they are a viable trading concern. That's when it could get very messy as by their own admission, UBIG aren't funding them and they're 'on there own' financially.

The SPL/SFL have procedures in place that demands that participating clubs have the collateral to see them through to the seasons end. There is no guarantee that Yams will even make it to the seasons start, let alone its end.

This isn't wishful thinking and/or hobonomics - it's a simple statement of fact.

Isn't their AGM meant to be at the end of this month? That should be a hoot, or whatever noise ostriches make!

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I wonder if there'll be wild scenes like this outside at the next AGM :greengrin

http://www.youtube.com/watch?v=fyOnlq0bUR4



:faf:


or any Russian hat kicking :greengrin

http://i19.photobucket.com/albums/b1...hatkickers.jpg

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Originally Posted by Dashing Bob S

I think it's a matter of steps. We were already able to start doing so when:

1) Vlad said he's unable to support them and they have to 'pay their way' - check
2) UKIOS collapsed - check

The next ones will be a mess of sold assets, fines, dispute about club ownership, possible admin, liquidation etc. It won't be long now. The difference between this and our previous wishing is that this time there really is no money, funny or otherwise, coming into the club and and owner who needs to dispose of all bad assets.

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I agree with the major battle having been won - ie they can no longer rely on outside funds to finance their jambotery.

It would be nice to see them implode properly (although I do reside in the 'hope they come back on their knees' camp).
I can not yet see a guaranteed route to this outcome.

For me the real pay back - in the eyes of many of both of our supporters will happen on the pitch. The day we wallop them out the park on the pitch, is the day I will believe their flash harry billy big baws days are over.

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Originally Posted by Desperate Dan

I wonder if there'll be wild scenes like this outside at the next AGM :greengrin

http://www.youtube.com/watch?v=fyOnlq0bUR4



:faf:


or any Russian hat kicking :greengrin

http://i19.photobucket.com/albums/b1...hatkickers.jpg

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Or ..Attachment 9422 ..a cake fight ...

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Originally Posted by happyhibbie

Or ..Attachment 9422 ..a cake fight ...

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:greengrin

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Originally Posted by Desperate Dan

I wonder if there'll be wild scenes like this outside at the next AGM :greengrin

http://www.youtube.com/watch?v=fyOnlq0bUR4



:faf:


or any Russian hat kicking :greengrin

http://i19.photobucket.com/albums/b1...hatkickers.jpg

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That clip gets me every time, an all time classic.

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Originally Posted by Dashing Bob S

I think it's a matter of steps. We were already able to start doing so when:

1) Vlad said he's unable to support them and they have to 'pay their way' - check
2) UKIOS collapsed - check

The next ones will be a mess of sold assets, fines, dispute about club ownership, possible admin, liquidation etc. It won't be long now. The difference between this and our previous wishing is that this time there really is no money, funny or otherwise, coming into the club and and owner who needs to dispose of all bad assets.

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Then it's Edinburgh Council to the rescue. Vlad is playing a canny game here. He knows full well that the EDC will not let Hearts go tot the wall.

If we think we were cheated yesterday with the Huns, wait until the Wee Huns get bailed out with our money :cb

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Originally Posted by Onion

Then it's Edinburgh Council to the rescue. Vlad is playing a canny game here. He knows full well that the EDC will not let Hearts go tot the wall.

If we think we were cheated yesterday with the Huns, wait until the Wee Huns get bailed out with our money :cb

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:faf: Amazing Chat i gather you must be :drunk: or have spent all day:smokin

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Originally Posted by Onion

Then it's Edinburgh Council to the rescue. Vlad is playing a canny game here. He knows full well that the EDC will not let Hearts go tot the wall.

If we think we were cheated yesterday with the Huns, wait until the Wee Huns get bailed out with our money :cb

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The reality is that the council just don't have the means to help Hearts, or anybody else right now.

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Originally Posted by Dashing Bob S

The reality is that the council just don't have the means to help Hearts, or anybody else right now.

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Besides this Jambo council nonesense is 15 years out of date. It was the now abolished Lothian Regional Council that was pro-Jambo anyway with Milligan ruling the roost.

Vlad was trying to get the City of Edinburgh Council to build Hearts a new ground for some time and got nowhere. The only Jambos I can thik of are Cardownie ad Milligan.

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Originally Posted by Desperate Dan

I wonder if there'll be wild scenes like this outside at the next AGM :greengrin

http://www.youtube.com/watch?v=fyOnlq0bUR4



:faf:


or any Russian hat kicking :greengrin

http://i19.photobucket.com/albums/b1...hatkickers.jpg

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Never get tired of watching that clip :faf:


They should have taken an entry fee for that bout, rummble in the jungle has nothing on a slap in the *****hole.........hmm that almost sound erotic :greengrin

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Originally Posted by Dashing Bob S

The reality is that the council just don't have the means to help Hearts, or anybody else right now.

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Bob - check your email :wink:

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Originally Posted by Dashing Bob S

The reality is that the council just don't have the means to help Hearts, or anybody else right now.

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Well if hertz paid their council bills............

:lurksub:

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Originally Posted by jgl07

The only Jambos I can thik of are Cardownie ad Milligan.

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The lot of them can thik of as far as I'm concerned.

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Originally Posted by Rawr.rar

I'll be delighted if/when it actually happens but I really don't see the point in setting ourselves up for yet another big disappointment.

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The difference this time is that a part of Vlad's flimsy house of cards has collapsed. We no longer hear: "we don't have any debt as you can't owe the money to yourselves". The reality now is that the Yams, via their parent company, do owe someone a massive amount of money.

And worse for them, it's completely out of their control. As far more knowledgeable persons on this forum have opinioned, they are technically insolvent, having not enough cash flow to fund day to day business functions.

If Private Fraser was a Yam I know what he'd be saying now...

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Originally Posted by CyberSauzee

The difference this time is that a part of Vlad's flimsy house of cards has collapsed.

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Don't let him fool you. "Driving a taxi" is launderer's code for "fetch the submarine".

"I'll maybe be an electrician" ='s "I've wired my skim to a secret base off the Caucasus Mountains."

He's only dropped out of sight to grow a waxed moustache and design uniforms for his henchmen. He'll be back.

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Originally Posted by happyhibbie

Or ..Attachment 9422 ..a cake fight ...

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Attachment 9425

Photos from the Hearts AGM

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Originally Posted by jgl07

Besides this Jambo council nonesense is 15 years out of date. It was the now abolished Lothian Regional Council that was pro-Jambo anyway with Milligan ruling the roost.

Vlad was trying to get the City of Edinburgh Council to build Hearts a new ground for some time and got nowhere. The only Jambos I can thik of are Cardownie ad Milligan.

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Have a look at the councils register of interests and you'll see more than a few jamtards among them, a number of whom enjoy getting their snout in trough at the piggery.

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Originally Posted by CyberSauzee

The difference this time is that a part of Vlad's flimsy house of cards has collapsed. We no longer hear: "we don't have any debt as you can't owe the money to yourselves". The reality now is that the Yams, via their parent company, do owe someone a massive amount of money.

And worse for them, it's completely out of their control. As far more knowledgeable persons on this forum have opinioned, they are technically insolvent, having not enough cash flow to fund day to day business functions.

If Private Fraser was a Yam I know what he'd be saying now...

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But are Hearts in debt? Or is the parent company about to be swallowed leaving Hearts on its own? The legal situation is hardly clear.

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Originally Posted by rcarter1

But are Hearts in debt? Or is the parent company about to be swallowed leaving Hearts on its own? The legal situation is hardly clear.

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Hearts are very much in debt The exact number isn't known, but I would say somewhere around £24m would clear it.

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Originally Posted by CropleyWasGod

Hearts are very much in debt The exact number isn't known, but I would say somewhere around £24m would clear it.

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Or as much as you could get for liquidising all the assets of the company....

UKIO BANKAS FAQ dated today. Money laundering is the top question.

http://translate.google.co.uk/transl...ed=0CFMQ7gEwAw

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Originally Posted by CyberSauzee

If Private Fraser was a Yam I know what he'd be saying now...

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:greengrin.

Indeed. It could also be a Corporal Jones moment...

Did we find out yesterday if they ended up in the Good or Bad pile?

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Originally Posted by Kato

UKIO BANKAS FAQ dated today. Money laundering is the top question.

http://translate.google.co.uk/transl...ed=0CFMQ7gEwAw

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Sorry to disappoint you, but you are reading too much into that (and the google translate is not very accurate either). What this is is just standard procedure advising non-residents of Lithuania what documents they are required to present for any money they have in Ukio Bankas accounts to be transferred to new Siauliu bank accounts.

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Originally Posted by JoeTortolanoFanClub

Sorry to disappoint you, but you are reading too much into that (and the google translate is not very accurate either). What this is is just standard procedure advising non-residents of Lithuania what documents they are required to present for any money they have in Ukio Bankas accounts to be transferred to new Siauliu bank accounts.

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I never read anything into it at all. Not really one for speculating. Was emailed that link at thought it was a giggle. Zero disappointment here. :cb

Not a single thread about financial ruin or consequences of what is happening in Lithuania, incredible. They have one single thread about Vlad being down to his last Lita but its laughted off as Vlad playing the press.

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Originally Posted by Col2

Not a single thread about financial ruin or consequences of what is happening in Lithuania, incredible. They have one single thread about Vlad being down to his last Lita but its laughted off as Vlad playing the press.

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How many times do you have to be told? #allisbarry :hide:

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Originally Posted by Col2

Not a single thread about financial ruin or consequences of what is happening in Lithuania, incredible. They have one single thread about Vlad being down to his last Lita but its laughted off as Vlad playing the press.

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Picked up this beauty from over the road, posted by Le Chat ? Made me laugh anyways. :greengrin

Kinda wish we'd only taken 12,000 tickets for the cup final.

Some folk just don't deserve to share the good days when they can't be arsed turning up on the bad days.

The club's on a ******g life-support machine yet thousands only turn up when they can be arsed. Sickening.

They deserve every little thing thats coming, him and that tw@t Craigieboy.

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Originally Posted by Col2

Not a single thread about financial ruin or consequences of what is happening in Lithuania, incredible. They have one single thread about Vlad being down to his last Lita but its laughted off as Vlad playing the press.

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So long as McGlynn is away and they play 4-4-2 then 'All is Barry'.

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Originally Posted by Col2

Not a single thread about financial ruin or consequences of what is happening in Lithuania, incredible. They have one single thread about Vlad being down to his last Lita but its laughted off as Vlad playing the press.

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Had the misfortune to overhear a couple of yams chatting today about how they can't wait for the season to finish, so they can get rid of Romanov, get a new manager in (maybe Robbo), hopefully win the wee cup and start re-building for next season. :ostrich:

All is Barry :na na: