Share Transfers Agreed/Cooling off period

Printable View

Show 100 post(s) from this thread on one page

23-01-2014, 07:29 PM
Crazyhorse

Quote:

Originally Posted by Desperate Dan

It's a fairy tale by BAnderson. :agree:

http://i41.tinypic.com/2nov8p.png

Very good!
23-01-2014, 07:31 PM
greenginger

Quote:

Originally Posted by EK_Hibs

They already objected so would have been pointless...like the yams :)

No, they voted against the CVA but their vote was outvoted by the Ukio Bankas vote.

There had to be a second assessment of the vote in terms of non-connected parties voting. HMRC were by far the largest non-connected party, but Jackson allowed Ukio Bankas to be considered non-connected as well, as in his opinion Ukio being in administration " changed their status "

I thought HMRC might have objected to that sleight of hand, but as there would be nowt in the pot for the taxman either way he let it go.
23-01-2014, 07:52 PM
brog

Good to see Golden Shower Gazza has come out with his regular "we're not making excuses, but" statement. This time of course its about the refs & how poor Yams always get the rough end of the deal. Now there's no doubt that Saints 1st pen on Saturday was a shocking decision but no worse than the ref's decision to send Anderson off, a decision now rescinded! Gazza seems to have missed the fact that Saints ( wrongly ) played for over 3/4 of the game with a man less than Yams. Strangely, he may not have realised it, as it's a while back, but on the last 3 occasions when Yams actually got more than zero points in a game, they were playing against 10 men or less. Yes, those pesky refs sure have it in for Yams, especially when Leigh G is taking a free kick!!
The team with no shame!
23-01-2014, 08:02 PM
lapsedhibee

Quote:

Originally Posted by brog

The team with no shame!

:hmmm: Think to feel shame requires that you have some appreciation, understanding or at the very least awareness of the world around you. You can't feel shame if you live in a completely enclosed bubble where even the laws of mathematics, economics, etc, don't apply.
23-01-2014, 08:14 PM
Ronniekirk

Quote:

Originally Posted by lapsedhibee

:hmmm: Think to feel shame requires that you have some appreciation, understanding or at the very least awareness of the world around you. You can't feel shame if you live in a completely enclosed bubble where even the laws of mathematics, economics, etc, don't apply.

But the fun with bubbles is watching them burst:rolleyes:
23-01-2014, 08:30 PM
jgl07

Quote:

Originally Posted by EK_Hibs

Not set in stone as yet, no... But you seemed to be suggesting there's going to be another 30 days 'cooling off period' when/IF UBIG confirm they're onside? I don't believe that's the case at all.
I'd have thought if the UBIG liquidator was going to throw a spanner in the yams 'provisional CVA' works then he'd have done it within the 30 day period following the 30th of November or whenever it was.

The whole thing is irrelevant until BDO get their hands on the frozen shares.

They can blether all they want but there will be no CVA until that happens.
23-01-2014, 08:31 PM
jacomo

Quote:

Originally Posted by The Green Goblin

Once upon a time, in the days when your great-grandparents were little girls and boys, there lived a Tynie football club, in a rank part of town, next to a steaming factory where the smell gave you the dry boak. Now this club were old and at one time, had enjoyed the respect of the other clubs in the land. They won and lost like any other club, and they did it with a good spirit and integrity. One day though, the wind changed, and they became discontent, as people who have good and happy lives are often wont to do, for it is a curse of humans that we become restless when we actually have everything we need and we grow dissatisfied with our lot, want what we don`t have and need to satisfy the lust for power in the dark recesses of our minds where Greed and Envy roam free. And thus it was that they set their sights upon their neighbours and the towns beyond that, and they vowed they would dominate them all, no matter what the price...

Fuelled by the over-reaching ambition of their increasingly bitter fans, they began to abandon the principles which had once preserved their honour and dignity and slowly but surely, they began paying for goods and merchandise for which they did not have the money. Now boys and girls, every fairy tale needs a villain, and you`re in luck, for this tale had not one, but TWO villains; power-hungry, ruthless and deluded. The first was the kind of villain who made no pretense as to who he was or what he wanted. He was predictable and tried to take over the neighbouring village I told you about at the start, but so overconfident and arrogant was he, that in revealing his plan, he awoke the spirit within the residents of that village, and their combined resistance, allied with a fairy godfather, finally defeated him. That village went on to become one of the fairest in the land, where many different people lived and all were welcomed regardless of origin or beliefs. They flourish today and will do so for generations to come, when even your great-grand children are running around. But that tale is for another time...

The second was what the elves in the forest refer to as a "Roaster"; as mad as an enchanted bucket, as changeable as a harlot`s knickers, as foolish as a billy goat and as unpredictable as a clown`s tears. Posing as a Knight of Old, he used deceipt and shameful lies to steal from millions of people from other towns far away and he wasted the money to pay travellers and journeymen and peados from far away to come and live in the village. For a while, life was good. The townspeople had never known such luxury and good fortune and they rubbed it in the faces of their neighbours at every opportunity. But alas, it is the oldest tale in the world that when you do a deal with the devil, the day always arrives when he comes to collect his fee. And thus the money dried up and the Roaster fled, as did the charlatans and showmen, for they were only interested in the Roaster`s money. The key to that money lay in a hostile land far to the North, where many believed it to have frozen forever. As for the Roaster, some say he sails the world in a large ship beneath the waves to this day, others, that he changed his face by magic and that nobody can reveal him unless they utter his true name aloud three times: "MISTER, MISTER, MISTER".

For a while, the townspeople wouldn`t believe it, but as they watched their walls slowly crumble around them and other villages refused to deal with them, even when they begged, nobody would Budge; they became even more bitter and twisted and, true to their perverse nature, blamed everyone but themselves for their slow, painful, hilarious demise. Thus, they were revealed to be fuds of the highest order and absolutely nobody gave a flying f*** about them, for truly they had got what they deserved.

THE END (almost...not long now anyhow)

This is indeed the story, but not as Banderson would write it!
23-01-2014, 08:54 PM
portycabbage

Quote:

Originally Posted by Just Alf

Just been looking at how the updated SPFL rules define a "season" [*] Season means the period of the year commencing on the date of the first League Match in a Season and ending on the date of the last League Match in the same Season or otherwise as determined by the Board and which excludes the Close Season;[*] Close Season means the period of the year outside the Season

the other bit of interest is[*] 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.

the bit in bold gives me the impression that the Yams have until the start of the new season to get out of Admin :rolleyes:

if you can be bothered, here's the link http://spfl.co.uk/docs/067_324__ther...1388495541.pdf

Quote:

Originally Posted by Bajillions

Your impression is correct. A points deduction will only be applicable if they are still in Admin at the start of the 2014/15 season

Although the SPFL rulebook definition of a "Season" excludes the "Close Season", the bit in the rules immediately before the 2nd quote says:

Where an Insolvency Event occurs during the Close Season the 15 points deduction
shall apply in respect of the immediately following Season, such that the relevant
Club starts that immediately following Season in the relevant Division on minus 15
points.
http://spfl.co.uk/docs/067_324__ther...1388495541.pdf

Taken with the definition of a "Season" as ending after the date of the last league game, this suggests the close season is considered part of the following season for the purposes of insolvency. IMO the grey area is whether there is a meaningful difference between insolvency "occurring" and "subsisting or continuing". I suppose another one is whether the SPFL can apply the rules!
23-01-2014, 09:08 PM
Inch Hibs

How come Dunfermline weren't deducted further points this season as they where still in administration?
23-01-2014, 09:12 PM
The_Todd

Quote:

Originally Posted by Inch Hibs

How come Dunfermline weren't deducted further points this season as they where still in administration?

Old rules.
23-01-2014, 09:17 PM
Inch Hibs

Quote:

Originally Posted by The Governor

Old rules.

Why was it old rules when the new league body came into place before the start of the season? If it's old rules and hearts will get points deducted I'll be delighted by the way but I don't actually know the ins and outs so I'm just asking.
23-01-2014, 09:24 PM
The_Todd

Quote:

Originally Posted by Inch Hibs

Why was it old rules when the new league body came into place before the start of the season? If it's old rules and hearts will get points deducted I'll be delighted by the way but I don't actually know the ins and outs so I'm just asking.

Maybe because their insolvency event occurred under old rules? Couldn't say.
23-01-2014, 09:26 PM
Gus Fring

Quote:

Originally Posted by The Governor

Maybe because their insolvency event occurred under old rules? Couldn't say.

:agree:
23-01-2014, 09:26 PM
Inch Hibs

Quote:

Originally Posted by The Governor

Maybe because their insolvency event occurred under old rules? Couldn't say.

Ok fair dos thanks an maybe. I'm sure there's an explanation as to why they weren't deducted points somewhere. Or maybe it was because they were in admin before the new rules came into place.
23-01-2014, 09:36 PM
Spike Mandela

Quote:

Originally Posted by weecounty hibby

Thats as good as it gets!! Having known Spike for about 27 years and stood and sat beside him at ER and many other places he really is a pessimistic, wet blanket, glass half empty kind of guy. And if your glass is half empty he is most certainly not the type to fill it up !!! He does hate the Merricks though

Missed this post. It's your round ya cheeky *******!:greengrin
23-01-2014, 09:46 PM
RyeSloan

Quote:

Originally Posted by Kato

Only once the secured creditors are paid, which means the others will get approximately nixie-pie.

Nixie pie?

I always thought it was nixie kye.....although I have no idea what that would actually mean.

Google sheds no light on this important matter apart from to suggest nixie is American slang derived from a mis addressed postal item.
23-01-2014, 10:19 PM
monktonharp

Quote:

Originally Posted by Zondervan

Hopefully they will get a couple of players sent off for violent conduct in the rearranged St Mirren game. Which would be nice.

Goodwin may have a major part to play, in that scenario:wink:
23-01-2014, 10:22 PM
Tynie01011973

Quote:

Originally Posted by steviehibsleith

Just read EEN and that incompetent minge Barry stating 18 yo Sam Nicholson even though Brokeback Last week had a happy 19th birthday thread for him . Deliberately misleading the readers or just a pathetic journalist.... ..Both I'd say

You expect better from #AllisBarry ?
24-01-2014, 12:19 AM
147lothian

Whenever you read the EEN it's the same old story of having to play youngsters, blah blah good news about FOH blah blah blah, hope to get the ban lifted, blah blah blah, nothing about the hard working small businesses not getting paid, or how they brought the game into disrupute by spending money they don't have, it does annoy me when what gets published isn't news its propaganda
24-01-2014, 09:22 AM
brog

Quote:

Originally Posted by monktonharp

Goodwin may have a major part to play, in that scenario:wink:

I think St M have been very smart in agreeing to this game. They're playing an already relegated team a few days before their ( yams ) most important game of the season. Gives Saints the opportunity for a possible advantage over their play-off rivals. You know what, it wouldn't surprise me if Yams were to play a number of young players in that game just to save their em ( inhumanely treated ) young players for the semi. Come on Yogi & Russell!!
24-01-2014, 10:24 AM
sadtom

Quote:

Originally Posted by Ronniekirk

But the fun with bubbles is watching them burst:rolleyes:

Michael Jackson must have been a right, sick, pervy bassa! :shocked::shocked:
24-01-2014, 10:36 AM
Ronniekirk

Quote:

Originally Posted by sadtom

Michael Jackson must have been a right, sick, pervy bassa! :shocked::shocked:

That's enough monkey business ., but did hear his favourite song was that west ham favourite I'm forever blowing bubbles
24-01-2014, 01:28 PM
poolman

WE'RE DOOMED AH TELL YE, DOOMED

kingantti1874

Legend

Donator

Posted Yesterday, 20:18

I accept them clinging onto the hope that Hearts will fail, however misguided.. But the post administration finances are clear

Hibs = income - "mortgage/debt" repayment - interest

Hearts = bigger income - oops no debt repayments + tax free fan subsidies

Result = Hearts far wealthier than hibs (and every other non old firm club)

We might as well throw in the towel now
24-01-2014, 01:32 PM
The_Todd

Quote:

Originally Posted by poolman

WE'RE DOOMED AH TELL YE, DOOMED

kingantti1874

Legend

Donator

Posted Yesterday, 20:18

I accept them clinging onto the hope that Hearts will fail, however misguided.. But the post administration finances are clear

Hibs = income - "mortgage/debt" repayment - interest

Hearts = bigger income - oops no debt repayments + tax free fan subsidies

Result = Hearts far wealthier than hibs (and every other non old firm club)

We might as well throw in the towel now

:hilarious

They need something to cling on to.
24-01-2014, 01:41 PM
Inch Hibs

Do they tramps who claim they will come out of this "bigger and better than ever" not realize there will be no more over-spending which made them "better" than the rest previously? :rolleyes:

When they do return they are in for a big, big shock. :agree:
24-01-2014, 01:50 PM
Inch Hibs

Quote:

Originally Posted by The Governor

:hilarious

They need something to cling on to.

They aren't clinging on to this though. They actually believe this :greengrin

You have to remember they are the same back-tracking flumps who stated they:

Had no debt;
Owed it to themselves;
Would never go into Administration;
Would never get relegated;
Would catch Hibs by October.

Now it's:

No debt when they come through this;
Come back bigger and stronger;
Relegation doesn't hurt - it was expected (lies see above) from the day they entered admin (that they said would never happen);
Them going down will hurt us more;
Them going down will hurt the Premiership big time because of there (shan) away support;
There's an SFA conspiracy to relegate them to be in the same league as rangers;
They don't want to be in the top league anyway - more exciting in the Championship;

A greater bunch of deluded trumpets you will fail to find. :agree:
24-01-2014, 01:59 PM
Saorsa

Quote:

Originally Posted by poolman

kingantti1874

Bellend

Masturbator

Posted Yesterday, 20:18

I accept them clinging onto the hope that Hearts will fail, however misguided.. But the post administration finances are clear

Hibs = income - "mortgage/debt" repayment - interest

Hearts = bigger income - oops no debt repayments + tax free fan subsidies

Result = Hearts far wealthier than hibs (and every other non old firm club)

:faf: :faf:

I hope the people lending FOF all that money realise they're no getting their money back. :agree: What a fud :hahaha::jamboclow
24-01-2014, 02:00 PM
JeMeSouviens

Quote:

Originally Posted by Inch Hibs

They aren't clinging on to this though. They actually believe this :greengrin

You have to remember they are the same back-tracking flumps who stated they:

Had no debt;
Owed it to themselves;
Would never go into Administration;
Would never get relegated;
Would catch Hibs by October.

Now it's:

No debt when they come through this;
Come back bigger and stronger;
Relegation doesn't hurt - it was expected (lies see above) from the day they entered admin (that they said would never happen);
Them going down will hurt us more;
Them going down will hurt the Premiership big time because of there (shan) away support;
There's an SFA conspiracy to relegate them to be in the same league as rangers;
They don't want to be in the top league anyway - more exciting in the Championship;

A greater bunch of deluded trumpets you will fail to find. :agree:

To be fair, it's all pretty much the same set of delusions as per the Huns (Old and New). Who is the "greater bunch"? They may edge the Huns in term of amount of delusion given their insignificance but the Huns dwarf them in overall delusional quantity. Tough call. :wink:
24-01-2014, 02:06 PM
Inch Hibs

Quote:

Originally Posted by JeMeSouviens

To be fair, it's all pretty much the same set of delusions as per the Huns (Old and New). Who is the "greater bunch"? They may edge the Huns in term of amount of delusion given their insignificance but the Huns dwarf them in overall delusional quantity. Tough call. :wink:

Admin is really hitting them - cannae even win that :greengrin

Rangers to be fair will eventually come back strong. They plebs won't. They won't be able to comprehend not spending money they can't afford. They seem to think the likes of Flood, McGinn, McKay, Rooney etc would love to play for "the famous" when they are back on track. No, they loved the cash the club used to spend, not pulling on a maroon top in a crumbling ****hole.
24-01-2014, 02:07 PM
BH Hibs

Quote:

Originally Posted by Desperate Dan

:faf: :faf:

I hope the people lending FOF all that money realise they're no getting their money back. :agree: What a fud :hahaha::jamboclow

Well they do have previous
24-01-2014, 02:11 PM
Saorsa

Quote:

Originally Posted by BH Hibs

Well they do have previous

True, good point.
24-01-2014, 02:44 PM
kaimendhibs

Quote:

Originally Posted by The Governor

:hilarious

They need something to cling on to.

They are cling ons

Sent from my iphone
24-01-2014, 02:50 PM
Deansy

Quote:

Originally Posted by Inch Hibs

Do they tramps who claim they will come out of this "bigger and better than ever" not realize there will be no more over-spending which made them "better" than the rest previously? :rolleyes:

When they do return they are in for a big, big shock. :agree:

No - it seems there's a mass-belief that the last 30+ years of 'Finance Football' has ALWAYS been the level of their club. There's a complete unwillingness on their part to look at their club's history BEFORE Mercer started them off on their 'Fantasy-Ride' - it's almost as if they've NEVER been s***e at any time - which if they had the guts/brains to look seriously, they would realise that s***e IS their level !!
24-01-2014, 02:54 PM
BH Hibs

Quote:

Originally Posted by Deansy

No - it seems there's a mass-belief that the last 30+ years of 'Finance Football' has ALWAYS been the level of their club. There's a complete unwillingness on their part to look at their club's history BEFORE Mercer started them off on their 'Fantasy-Ride' - it's almost as if they've NEVER been s***e at any time - which if they had the guts/brains to look seriously, they would realise that s***e IS their level !!

Yup think that sums it up perfectly :thumbsup:
24-01-2014, 03:13 PM
Inch Hibs

Quote:

Originally Posted by Deansy

No - it seems there's a mass-belief that the last 30+ years of 'Finance Football' has ALWAYS been the level of their club. There's a complete unwillingness on their part to look at their club's history BEFORE Mercer started them off on their 'Fantasy-Ride' - it's almost as if they've NEVER been s***e at any time - which if they had the guts/brains to look seriously, they would realise that s***e IS their level !!

Spot on lad :agree:
24-01-2014, 03:48 PM
StevieC

Quote:

Originally Posted by poolman

Hearts = bigger income - oops no debt repayments + tax free fan subsidies

Result = Hearts far wealthier than hibs (and every other non old firm club)

Apart from the fact that the "fan subsidies" will be used to pay the CVA debt .. they also have a crumbling main stand that will need to be replaced sometime soon. The fact that it's their "main stand" (and as such will need properly fitted out to be "fit for purpose") is going to have a pretty major impact on their "no debt repayments" fantasy.
I can only hazard a gues at the cost of a new main stand (depending on how many corners they cut) but it's surely got to be in the region of £6m-£8m?? Couple that with their higher "rental" costs for their training facilities, then I really can't see them ever being "far wealthier"? At least not in my lifetime.
24-01-2014, 03:53 PM
The_Todd

Quote:

Originally Posted by StevieC

Apart from the fact that the "fan subsidies" will be used to pay the CVA debt .. they also have a crumbling main stand that will need to be replaced sometime soon. The fact that it's their "main stand" (and as such will need properly fitted out to be "fit for purpose") is going to have a pretty major impact on their "no debt repayments" fantasy.
I can only hazard a gues at the cost of a new main stand (depending on how many corners they cut) but it's surely got to be in the region of £6m-£8m?? Couple that with their higher "rental" costs for their training facilities, then I really can't see them ever being "far wealthier"? At least not in my lifetime.

How would they fund a new stand? I cannot see them being able to obtain any credit.
24-01-2014, 03:56 PM
steviehibsleith

Quote:

Originally Posted by StevieC

Apart from the fact that the "fan subsidies" will be used to pay the CVA debt .. they also have a crumbling main stand that will need to be replaced sometime soon. The fact that it's their "main stand" (and as such will need properly fitted out to be "fit for purpose") is going to have a pretty major impact on their "no debt repayments" fantasy.
I can only hazard a gues at the cost of a new main stand (depending on how many corners they cut) but it's surely got to be in the region of £6m-£8m?? Couple that with their higher "rental" costs for their training facilities, then I really can't see them ever being "far wealthier"? At least not in my lifetime.

I thought they had negotiated a reduced rate with HWU. Think at the time was being quoted at £6000 a week was the origanal fee, I was interested if anyone knew the new rate.
24-01-2014, 04:06 PM
Gus Fring

Quote:

Originally Posted by StevieC

Apart from the fact that the "fan subsidies" will be used to pay the CVA debt .. they also have a crumbling main stand that will need to be replaced sometime soon. The fact that it's their "main stand" (and as such will need properly fitted out to be "fit for purpose") is going to have a pretty major impact on their "no debt repayments" fantasy.
I can only hazard a gues at the cost of a new main stand (depending on how many corners they cut) but it's surely got to be in the region of £6m-£8m?? Couple that with their higher "rental" costs for their training facilities, then I really can't see them ever being "far wealthier"? At least not in my lifetime.

It's possible that if the main stand was eventually declared unsafe that it would just be demolished. They don't need 4 stands.
24-01-2014, 04:10 PM
Phil D. Rolls

Quote:

Originally Posted by Bajillions

It's possible that if the main stand was eventually declared unsafe that it would just be demolished. They don't need 4 stands.

Could be good news for anyone looking to rent parking spaces for free, in the local area.
24-01-2014, 04:30 PM
StevieC

Quote:

Originally Posted by steviehibsleith

I thought they had negotiated a reduced rate with HWU. Think at the time was being quoted at £6000 a week was the origanal fee, I was interested if anyone knew the new rate.

My understanding was that the reduced rate was short term, possibly just during the administration period (although I could be mistaken). If HWU is to be upgraded to a "sporting centre of excellence" then the rental could possibly end up more than the original agreement.

Quote:

Originally Posted by Bajillions

It's possible that if the main stand was eventually declared unsafe that it would just be demolished. They don't need 4 stands.

No .. but they do NEED somewhere to get changed. :greengrin
24-01-2014, 04:33 PM
Gus Fring

Quote:

Originally Posted by StevieC

My understanding was that the reduced rate was short term, possibly just during the administration period (although I could be mistaken). If HWU is to be upgraded to a "sporting centre of excellence" then the rental could possibly end up more than the original agreement.

No .. but they do NEED somewhere to get changed. :greengrin

The new "Home Portakabin" will take care of that.
24-01-2014, 04:42 PM
poolman

Quote:

Originally Posted by Bajillions

The new "Home Portakabin" will take care of that.

Just saw this in Mcleod Street

http://i44.tinypic.com/9r6p2g.png
24-01-2014, 06:15 PM
Skol

Quote:

Originally Posted by Bajillions

It's possible that if the main stand was eventually declared unsafe that it would just be demolished. They don't need 4 stands.

Unless the buffoons have some kind of a preservation order on it to stop a developer from buying the place :-)
24-01-2014, 06:25 PM
Eyrie

The reality for the Yams is that they will be relegated and unable to find their way back up in one season due to the presence of Sevco Huns. The lack of success will see their fans tire of a "great adventure" resulting in both DDs and season tickets not being renewed. And that will put further downward pressure on their finances, creating a virtuous circle.

Add in that the asbestos deathtrap needs replaced, most of the remaining Save Hearts In Trouble DDs are committed to repaying the mega-wealthy Budge and the outstanding football debts have to be repaid. The future for the Yams is clear - they are the next Dundee, a once famous club doomed to drift between the divisions for years to come.

Anyone who has ever dealt with a club committee (bowling, miners etc) will know just how much fun is in store if/when Save Hearts In Trouble take over. Friction between those on the committee and constant sniping and unrealistic expectations from those unwilling to actually join the committee.
24-01-2014, 06:29 PM
scoopyboy

Quote:

Originally Posted by Eyrie

The reality for the Yams is that they will be relegated and unable to find their way back up in one season due to the presence of Sevco Huns. The lack of success will see their fans tire of a "great adventure" resulting in both DDs and season tickets not being renewed. And that will put further downward pressure on their finances, creating a virtuous circle.

Add in that the asbestos deathtrap needs replaced, most of the remaining Save Hearts In Trouble DDs are committed to repaying the mega-wealthy Budge and the outstanding football debts have to be repaid. The future for the Yams is clear - they are the next Dundee, a once famous club doomed to drift between the divisions for years to come.

Anyone who has ever dealt with a club committee (bowling, miners etc) will know just how much fun is in store if/when Save Hearts In Trouble take over. Friction between those on the committee and constant sniping and unrealistic expectations from those unwilling to actually join the committee.

There are the play offs which gives them a fighting chance.
24-01-2014, 06:33 PM
The_Todd

We don't know how long their admin will drag on for. Until they exit it any talk of even challenging for the playoffs is premature.
24-01-2014, 06:34 PM
Eyrie

Quote:

Originally Posted by scoopyboy

There are the play offs which gives them a fighting chance.

The playoffs have been designed to keep the SPL club up by making the First Division (can't take the name "Championship" seriously) clubs play extra fixtures. And there will be plenty of other teams eyeing up those three play off berths who will be every bit as strong as next year's Yams team. I'll agree they have a chance, but it's a very slim one.
24-01-2014, 06:43 PM
scoopyboy

Quote:

Originally Posted by Eyrie

The playoffs have been designed to keep the SPL club up by making the First Division (can't take the name "Championship" seriously) clubs play extra fixtures. And there will be plenty of other teams eyeing up those three play off berths who will be every bit as strong as next year's Yams team. I'll agree they have a chance, but it's a very slim one.

I'm not disagreeing Eyrie, merely pointing out that the presence of Rangers does not stop them getting promoted.

Without plays offs being introduced I would have said they had no chance whatsoever.
24-01-2014, 08:19 PM
Dashing Bob S

Quote:

Originally Posted by Eyrie

The reality for the Yams is that they will be relegated and unable to find their way back up in one season due to the presence of Sevco Huns. The lack of success will see their fans tire of a "great adventure" resulting in both DDs and season tickets not being renewed. And that will put further downward pressure on their finances, creating a virtuous circle.

Add in that the asbestos deathtrap needs replaced, most of the remaining Save Hearts In Trouble DDs are committed to repaying the mega-wealthy Budge and the outstanding football debts have to be repaid. The future for the Yams is clear - they are the next Dundee, a once famous club doomed to drift between the divisions for years to come.

Anyone who has ever dealt with a club committee (bowling, miners etc) will know just how much fun is in store if/when Save Hearts In Trouble take over. Friction between those on the committee and constant sniping and unrealistic expectations from those unwilling to actually join the committee.

And this is the very best case scenario.

I don't think it'll come to that. I'm predicting liquidation.
24-01-2014, 08:50 PM
PatHead

Wouldn't it be funny if their match was postponed tomorrow and Tattooman was suspended for the semi whilst they lost money on re-arranging the St Mirren game.
24-01-2014, 09:23 PM
Saorsa

Quote:

Originally Posted by PatHead

Wouldn't it be funny if their match was postponed tomorrow and Tattooman was suspended for the semi whilst they lost money on re-arranging the St Mirren game.

Stop it

http://i40.tinypic.com/3146pvm.gif

:greengrin
24-01-2014, 09:28 PM
weonlywon6-2

Quote:

Originally Posted by PatHead

Wouldn't it be funny if their match was postponed tomorrow and Tattooman was suspended for the semi whilst they lost money on re-arranging the St Mirren game.

just nip up the A9 and open a gate and lets loads of cattle out so the road is blocked, you never know,give them a ball and theyd probably beat hearts as well !!
25-01-2014, 06:35 AM
gorgie greens

Quote:

Originally Posted by greenginger

I don't think FoH can use Club income to pay off debts for the club purchase. That would be a leveraged purchase which are no longer allowed.

If DDs dry up it has to be cake sales and face painting :greengrin

Or face washing in Lockes case
25-01-2014, 08:45 AM
greenginger

A few days ago a poster suggested someone e-mail Bryan Bradley at Bloomberg as he is on the ground in Lithuania and may have better info. on the whole Ukio/UBIG mess than our local hacks.

I did just that and got a very courteous reply, unfortunately he seems to know less than Hibs.net as in his words it is " last years news " and will only surface if something very big happens.

He attached the link to the UBIG bankruptcy site.

http://www.bankrotodep.lt/Company.ph...Code=135201099

A dead end there I'm afraid.
25-01-2014, 09:30 AM
The Falcon

If everything goes according to plan for BDO/FOH and HMFC continue will that mean that Quantum Holdings (aka Vlad's niece aka Vlad) will retain their 15% shareholding?
25-01-2014, 10:06 AM
greenginger

Quote:

Originally Posted by The Falcon

If everything goes according to plan for BDO/FOH and HMFC continue will that mean that Quantum Holdings (aka Vlad's niece aka Vlad) will retain their 15% shareholding?

Don't forget the 4.45 % owned by HOMFC 2005 Ltd, a company dissolved last year. These shares are now owned by HRH Queen Elizabeth, although I doubt she knows it. :greengrin

Offers however have been made by Hibs.net :wink:
25-01-2014, 10:12 AM
Col2

Liquidate them. Only true justice for the cheating (spending money they don't have to gain football advantage).

I will piss myself laughing when that day comes and then they can all tell us how it was all worth it.
25-01-2014, 10:25 AM
Springbank

Quote:

Originally Posted by weonlywon6-2

just nip up the A9 and open a gate and lets loads of cattle out so the road is blocked, you never know,give them a ball and theyd probably beat hearts as well !!

Play for the Jersey
25-01-2014, 10:27 AM
Waxy

Quote:

Originally Posted by Col2

Liquidate them. Only true justice for the cheating (spending money they don't have to gain football advantage).

I will piss myself laughing when that day comes and then they can all tell us how it was all worth it.

Worst case is they get relegated, struggle to come back up for years,end up having to sell tynie because they can't afford to keep playing there and they have to live within their means for the rest of their puff(something they've not been used to for the last 30 years).It's quite hilarious how even now, reality doesn't seem to be sinking in for them.
25-01-2014, 10:28 AM
EK_Hibs

Quote:

Originally Posted by Col2

Liquidate them. Only true justice for the cheating (spending money they don't have to gain football advantage).

I will piss myself laughing when that day comes and then they can all tell us how it was all worth it.

They won't be liquidated. I HAD high hopes they were going to be a couple of months ago but now it's highly unlikely.
On the bright side they'll likely be down in the Championship for at least 2 seasons because of Sevco. Out of sight Out of mind. Cheerio Yaks.
25-01-2014, 10:29 AM
Kojock

Quote:

Originally Posted by Springbank

Play for the Jersey

They're used to the Friesian conditions too.

Just signed a new striker as well Paul Heifernan
25-01-2014, 10:44 AM
inglisavhibs

Quote:

Originally Posted by EK_Hibs

They won't be liquidated. I HAD high hopes they were going to be a couple of months ago but now it's highly unlikely.
On the bright side they'll likely be down in the Championship for at least 2 seasons because of Sevco. Out of sight Out of mind. Cheerio Yaks.

I doubt you had high hopes for liquidation.:wink: The truth is that nobody knows if Hearts will be liquidated as there are too may unknowns at this stage.
25-01-2014, 10:49 AM
cocopops1875

Quote:

Originally Posted by EK_Hibs

They won't be liquidated. I HAD high hopes they were going to be a couple of months ago but now it's highly unlikely.
On the bright side they'll likely be down in the Championship for at least 2 seasons because of Sevco. Out of sight Out of mind. Cheerio Yaks.

No chance of coming up in the play off then ?
25-01-2014, 10:54 AM
weonlywon6-2

Quote:

Originally Posted by cocopops1875

No chance of coming up in the play off then ?

there is not much expected of them just now so no real pressure. When they go down and build for next year the pressure will be back on. They will have a bit of money as they are really in the same position with us in getting money through the gates.The hope is that Dundee are a bit stronger and they haven't managed to get any decent signings to play in the first division
25-01-2014, 10:54 AM
grunt

Quote:

Originally Posted by EK_Hibs

They won't be liquidated. I HAD high hopes they were going to be a couple of months ago but now it's highly unlikely.

I'd be interested to know on what evidence you base that assertion.
25-01-2014, 10:55 AM
Saorsa

Quote:

Originally Posted by EK_Hibs

They won't be liquidated. I HAD high hopes they were going to be a couple of months ago but now it's highly unlikely.
On the bright side they'll likely be down in the Championship for at least 2 seasons because of Sevco. Out of sight Out of mind. Cheerio Yaks.

:rolleyes:

http://3.bp.blogspot.com/-LXxvsnGY8v...ustom%2529.JPG

http://www.hibs.net/images/smilies/rolleyes2.gif
25-01-2014, 10:59 AM
Jack Hackett

Quote:

Originally Posted by EK_Hibs

They won't be liquidated. I HAD high hopes they were going to be a couple of months ago but now it's highly unlikely.
On the bright side they'll likely be down in the Championship for at least 2 seasons because of Sevco. Out of sight Out of mind. Cheerio Yaks.

Until such time as the fat lady sings, this is in no way a 'done deal'. Sevco were 100% certain that their CVA proposal was acceptable right up to the day it was rejected. The circumstances in the hertz case are different, but they still have hurdles to jump and their clock is ticking.

If and when FoH get their grubby little mitts on the 'prize' :tee hee:, I'll accept second best scenario. Until then, I'll be looking for their deserved extinction.

Die ya mini huns
25-01-2014, 11:03 AM
RoYO!

Quote:

Originally Posted by grunt

I'd be interested to know on what evidence you base that assertion.

Ukio are going to accept 2.5 mil for the land. If ukio wanted the going rate then hertz wouldnt be able to raise that. then they go to liquidation. Id be interested to know the ins and outs of how they could still be liquidated at this point. In fact id be delighted to know :)

Would it be a ukio u turn having already accepted in principa?
Do ubig have ANY cards to play?
25-01-2014, 11:04 AM
EK_Hibs

Quote:

Originally Posted by grunt

I'd be interested to know on what evidence you base that assertion.

I've been of that opinion ever since the CVA was 'provisionally agreed' in late November. I was, and still am, amazed that that CVA wasn't kicked into touch by all the meaningful Creditors!! Only HMRC had the sense to do so if I remember correctly.
25-01-2014, 11:06 AM
CropleyWasGod

Quote:

Originally Posted by RoYO!

Ukio are going to accept 2.5 mil for the land. If ukio wanted the going rate then hertz wouldnt be able to raise that. then they go to liquidation. Id be interested to know the ins and outs of how they could still be liquidated at this point. In fact id be delighted to know :)

1. they run out of money before the CVA is completed.

2. they have money, but the Lithuanian Courts refuse to unblock the sale of the UBIG shares.

3. FOH/their backers refuse to meet the alleged purchase price for the UBIG shares.
25-01-2014, 11:07 AM
EK_Hibs

Quote:

Originally Posted by cocopops1875

No chance of coming up in the play off then ?

They probably will have 'a chance' in the play-offs next season but I just don't see them being promoted straight away. I predict play-off pain for them next season....which will be extremely funny :)
25-01-2014, 11:09 AM
greenpaper55

I see this is up for sale http://www.edinburghnews.scotsman.co...ebts-1-3281497

pity they did not do the same for the PBS !.
25-01-2014, 11:10 AM
Saorsa

Quote:

Originally Posted by CropleyWasGod

1. they run out of money before the CVA is completed.

2. they have money, but the Lithuanian Courts refuse to unblock the sale of the UBIG shares.

3. FOH/their backers refuse to meet the alleged purchase price for the UBIG shares.

What about the rubber stamp running out of ink? Surely a major factor?
25-01-2014, 11:11 AM
CropleyWasGod

Quote:

Originally Posted by greenpaper55

I see this is up for sale http://www.edinburghnews.scotsman.co...ebts-1-3281497

pity they did not do the same for the PBS !.

Is it owned by UBIG? If so, it will be frozen.
25-01-2014, 11:12 AM
EK_Hibs

Quote:

Originally Posted by CropleyWasGod

1. they run out of money before the CVA is completed.

2. they have money, but the Lithuanian Courts refuse to unblock the sale of the shares.

3. FOH/their backers refuse to meet the alleged purchase price for the UBIG shares.

1) No chance, BDO would just get the begging bowl out again and start selling Season Tickets (for the Championship).
2) Possibly, this is the one remaining 'liquidation hope' from where I'm sitting.
3) Unless their backers are untrustworthy charlatans like Craig Whyte then I highly doubt this one unfortunately.
25-01-2014, 11:14 AM
CropleyWasGod

Quote:

Originally Posted by Desperate Dan

What about the rubber stamp running out of ink? Surely a major factor?

This is what I love about Hibs.net. The brainstorming and left-field thinking is both a joy and a challenge..

:greengrin
25-01-2014, 11:17 AM
Saorsa

Quote:

Originally Posted by CropleyWasGod

This is what I love about Hibs.net. The brainstorming and left-field thinking is both a joy and a challenge..

:greengrin

All details must be considered. :greengrin I'm surprised you missed out such a biggie. :agree:
25-01-2014, 11:25 AM
Aldo

Quote:

Originally Posted by Col2

Liquidate them. Only true justice for the cheating (spending money they don't have to gain football advantage). I will piss myself laughing when that day comes and then they can all tell us how it was all worth it.

O yes indeed. My preferred option but must admit it's been fun watching them moan, whinge,beg, grovel and make every excuse under the sun.

It would also be very funny if they got within touching distance but..... Didn't quite make it.
25-01-2014, 11:27 AM
Onceinawhile

Quote:

Originally Posted by RoYO!

Ukio are going to accept 2.5 mil for the land. If ukio wanted the going rate then hertz wouldnt be able to raise that. then they go to liquidation. Id be interested to know the ins and outs of how they could still be liquidated at this point. In fact id be delighted to know :)

Would it be a ukio u turn having already accepted in principa?
Do ubig have ANY cards to play?

Because the shares are frozen and their funds are going to run out. Any day now. Probably today in fact.

(Repeat until you believe it, otherwise you support hearts.)
25-01-2014, 11:27 AM
The_Todd

Quote:

Originally Posted by EK_Hibs

1) No chance, BDO would just get the begging bowl out again and start selling Season Tickets (for the Championship).
2) Possibly, this is the one remaining 'liquidation hope' from where I'm sitting.
3) Unless their backers are untrustworthy charlatans like Craig Whyte then I highly doubt this one unfortunately.

We've been through point one before: yes they could do but it would rob FOH of their working capital for next season. Without that they're buggered.
25-01-2014, 11:29 AM
Aldo

Quote:

Originally Posted by Desperate Dan

:rolleyes:

Oi!! Only Banderson is allowed to use stamps, especially rubber ones to approved things. FACT ;-)
25-01-2014, 11:31 AM
The_Todd

Quote:

Originally Posted by Antwerphibs

Because the shares are frozen and their funds are going to run out. Any day now. Probably today in fact.

(Repeat until you believe it, otherwise you support hearts.)

It's not Hibs.net that decided BDO are running out of working capital, that was BDO themselves.

Also nobody said they'd go boom today or even indeed tomorrow, everyone has been saying it'll be a long drawn out affair, which it is.
25-01-2014, 11:31 AM
Ozyhibby

Lots of ifs, buts and maybes in that article. What is telling is that it is not up for sale and that action by the court is required. Must be the same for all Ubig assets.
:-)
25-01-2014, 11:37 AM
Jack Hackett

Quote:

Originally Posted by Ozyhibby

Lots of ifs, buts and maybes in that article. What is telling is that it is not up for sale and that action by the court is required. Must be the same for all Ubig assets.
:-)

Could have been penned by #allisbarry himself, except he admits he doesn't do financials
25-01-2014, 11:42 AM
CropleyWasGod

Quote:

Originally Posted by Jack Hackett

Could have been penned by #allisbarry himself, except he admits he doesn't do financials

The guy quoted, David Rutherford, is a decent one. He knows what he's talking about when it comes to insolvency.

I am guessing, though, that he doesn't know about the assets being frozen.

The article does suggest that the building belongs to UBIG, but it is the EEN so I'm not sure.
25-01-2014, 11:52 AM
grunt

The EEN seems to have got its tenses mixed up. "Bank sold" implies that it has been sold. The article indicates otherwise.
25-01-2014, 11:56 AM
CropleyWasGod

Quote:

Originally Posted by grunt

The EEN seems to have got its tenses mixed up. "Bank sold" implies that it has been sold. The article indicates otherwise.

Och, you should know by now how these things work. It just needs a rubber stamp.
25-01-2014, 12:01 PM
hhibs

Hearts remain in Adminiistratation for next season

Sorry if covered before.

Under SPFL rules would Hearts be docked more points or suffer any other punishment if they are still in administration for next season?

Having a debate with a decent Jambo,yes a few exist, over here in the Sun and Wind of Fuerteventura.

GGTTH
25-01-2014, 12:07 PM
Phil D. Rolls

Quote:

Originally Posted by EK_Hibs

They won't be liquidated. I HAD high hopes they were going to be a couple of months ago but now it's highly unlikely.
On the bright side they'll likely be down in the Championship for at least 2 seasons because of Sevco. Out of sight Out of mind. Cheerio Yaks.

FACT? :hmmm:
25-01-2014, 12:08 PM
EK_Hibs

Quote:

Originally Posted by Filled Rolls

FACT? :hmmm:

Of course not.. but it's now at the stage where it's highly unlikely
25-01-2014, 12:15 PM
Aldo

Quote:

Originally Posted by EK_Hibs

Of course not.. but it's now at the stage where it's highly unlikely

I don't see where you are getting this from. What stage are they at?? They've been in the same position for months on end with not a lot of money coming their way.

BDO /Jackson said that money will run out by Feb/March and I don't think that has changed, unless I've missed something.

So there is still ever chance they could be liquidated.
25-01-2014, 12:17 PM
greenginger

Quote:

Originally Posted by CropleyWasGod

The guy quoted, David Rutherford, is a decent one. He knows what he's talking about when it comes to insolvency.

I am guessing, though, that he doesn't know about the assets being frozen.

The article does suggest that the building belongs to UBIG, but it is the EEN so I'm not sure.

According to the Land Registry property certificate recorded when the property was purchased , 14/12/07, the acquirers name was UAB Businessline.

That is the same company that bought the old Hearts ticket office and shop and rented it to the Yams.

It is described in the Hearts Accounts as being a company controlled by Romanov, but the ownership of the St Andrew Sq building could have been transferred since then.

I am sure the EEN will have done their research thoroughly ! :greengrin
25-01-2014, 12:18 PM
Saorsa

Quote:

Originally Posted by Aldo

I don't see where you are getting this from. What stage are they at?? They've been in the same position for months on end with not a lot of money coming their way.

BDO /Jackson said that money will run out by Feb/March and I don't think that has changed, unless I've missed something.

So there is still ever chance they could be liquidated.

Wasting your time mate. :agree:
25-01-2014, 12:20 PM
Aldo

Quote:

Originally Posted by Desperate Dan

Wasting your time mate. :agree:

Your probably right there dude. Worth a try tho. :-D
25-01-2014, 12:20 PM
CropleyWasGod

Quote:

Originally Posted by greenginger

According to the Land Registry property certificate recorded when the property was purchased , 14/12/07, the acquirers name was UAB Businessline.

That is the same company that bought the old Hearts ticket office and shop and rented it to the Yams.

It is described in the Hearts Accounts as being a company controlled by Romanov, but the ownership of the St Andrew Sq building could have been transferred since then.

I am sure the EEN will have done their research thoroughly ! :greengrin

Yup, I have the same comfort. :greengrin

Cheers for the info, though.
25-01-2014, 12:41 PM
CyberSauzee

Quote:

Originally Posted by hhibs

Sorry if covered before.

Under SPFL rules would Hearts be docked more points or suffer any other punishment if they are still in administration for next season?

Having a debate with a decent Jambo,yes a few exist, over here in the Sun and Wind of Fuerteventura.

GGTTH

Was covered a few pages back. If in admin on the first day of next season they will have a points deduction.
25-01-2014, 12:43 PM
The_Todd

Quote:

Originally Posted by hhibs

Sorry if covered before.

Under SPFL rules would Hearts be docked more points or suffer any other punishment if they are still in administration for next season?

Having a debate with a decent Jambo,yes a few exist, over here in the Sun and Wind of Fuerteventura.

GGTTH

Yes
25-01-2014, 12:49 PM
HUTCHYHIBBY

Quote:

Originally Posted by RoYO!

Ukio are going to accept 2.5 mil for the land. If ukio wanted the going rate then hertz wouldnt be able to raise that. then they go to liquidation. Id be interested to know the ins and outs of how they could still be liquidated at this point. In fact id be delighted to know :)

Would it be a ukio u turn having already accepted in principa?
Do ubig have ANY cards to play?

The fact that FOH cant attain THE FROZEN SHARES until the Lith Authorities put them in the microwave means that theres every chance FOH will run out of dough before the authorities in Lithuania finalise their inquiry into all the dodgy exploits of Vlad et al! Keep Calm!
25-01-2014, 01:16 PM
Phil D. Rolls

Quote:

Originally Posted by EK_Hibs

Of course not.. but it's now at the stage where it's highly unlikely

Sorry, I got mixed up when you said it will not happen - if it's only unlikely there's still hope for all of us seethers. I think there is a good chance they'll run out of money soon.

Show 100 post(s) from this thread on one page

All times are GMT. The time now is 12:20 AM.