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Agreed, even their own website was warning them yesterday while announcing the HMRC deal that they have to keep raising funds at the same rate because the bills have just been deferred and they still have the same funding gap.Quote:
Originally Posted by Gatecrasher
I would guess until the next pay date in mid December.Quote:
Anyone know when the wages are deferred to?
Ryan Stevenson's missus is really gonnae love to hear this, ken how I walked out on them the last time they wouldn't pay me sweetheart, well they've done it again and this time I agreed tae it, absolute welter. :hilarious
You missed out taking on any liabilities, ie. they want Vlad to give them Herts and Tiny but agree to pay anything arising from HMRC's £1.79M assessment + interest + pens.Quote:
Originally Posted by Spike Mandela
I know he's mad but ...
:agree: Unless there's any more short term tricks up their sleeve or indeed someone does a deal with Vlad I think Vlad and his cohorts will do all they can to spin this out at least until the share issue closes - after all that and the "doantions" through the official channel is all absolutely free money straight to Lithuania / their glorious leader pretty much in the same way every other bit of incoming money went, the differnece here is that nowt looks like coming back the other way...............Quote:
Originally Posted by Hibby Kay-Yay
I expect he has probably had a large part of his wages paid upfront to come back. Or guaranteed on the Templeton payment dates from Sevco.Quote:
Originally Posted by Dave-0762
Vlad is just a big c*ck tease. Once again he's hinted at giving us the big show we've all been waiting for, and yet again the curtains have failed to rise.Quote:
Originally Posted by Bostonhibby
The thing is though, every time another wee crisis happens, Hearts' options reduce. They can no longer extend credit with their suppliers because surely every business in Scotland would worry about getting paid. They can no longer attract big transfer fees cos everyone knows they're skint. They won't be able to do another share issue once this one flops. The fans have just dug deep into their pockets to try and save the club and will be more wary once they see the cash disappearing to Lithuania.
When does the share issue close? I'd be amazed if they raise £500k, let alone £1.79m.
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Originally Posted by Gatecrasher
I've done a freedom of information request to Edinburgh Council, asking how much Heart Of Midlothian F C are due in respect of Business Rates and Rent. Also asked if they have ever had any sums written off.
I am sure the first response will be is that it is confidential, but there are appeals and the media to out any cosy deals. :agree:
Which will probably result in the share applications slowing down and less money for the next stage of tax/NI/wages. :wink:Quote:
Originally Posted by Gatecrasher
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Originally Posted by Golden Bear
Big difference this time is that the non payment was without the players agreement and therefore a breach of contract. The deferred payment is with the agreement of the players and their contracts were amended accordingly. Dont see how the SPL can do anything in instance.
I've tweeted Barry Anderson at the EEN to ask the same questions. He usually replies to me when I moan at him.Quote:
Originally Posted by greenginger
Agreed, I doubt very much if there's any written amendments in place. Do SPL/SFL just accept Yams word then? We all know Vlad's completely trustworthy, after all they've won the Champions League, they have a new 40,000 seat stadium, there's a state of the art hotel & UBIG's a major player in the UK banking community. What's not to trust??Quote:
Originally Posted by s.a.m
Good one. Don't let it go.Quote:
Originally Posted by greenginger
Quote:
Originally Posted by Stevie Reid
Definitely displaying her great business acumen by not investing!!!!
You want me to do what??
Seems like HMFC are paying their lawyers, at least.Quote:
Originally Posted by Hot Shot Hamish
I see that insurance salesman Mackie wants to base Hearts on the Barcelona model.
Right, now who is going to grant them £ 500 million overdraft facilities ? :greengrin
Ukio Bankas move to take ownership of UAB Zalgirio Sporto Arena, valued at 357 million litai ($131 million), shows that the bank “is starting to work actively with its portfolio of borrowers, seeking to improve its efficiency in resolving problem debts,” Zalys said in remarks to Bloomberg published late yesterday. “Such steps are painful in the short run, but they are essential.”
Hmmmm interesting.... I wonder if some of that "pain" the bank is dishing out will head the Yams way??
link http://www.bloomberg.com/news/2012-1...bt-remark.html
It's a cop out if ever there was, but apparently a successful one in the meantime.
http://sport.stv.tv/football/clubs/h...ovember-wages/
What a farce, so we'll have nae mair late wages and nae points deductions as punishment, instead we'll have wage deferrals and teams continuing tae cheat by fielding players they cannae afford tae pay. SPL joke organisation. :bitchy:Quote:
Originally Posted by Golden Bear
As stated earlier we will now have the ridiculous situation of wages not being paid but the transfer embargo lifted in Dec and I predict that unbelievably Hearts will sign players yet again that they can't afford.Quote:
Originally Posted by Golden Bear
Whether or not their players have agreed to defer their wages this month or not is largely irrelevant - they are due to be paid on Friday and if they're not then Hearts should face further sanctions by the authorities.
If their players have agreed to a deferral then how long do they get to actually pay November's wages before the authorities do punish them? A week? A month? 3 months? :confused:
The fact is, they clearly cannot afford to pay the players that they are playing every week at the moment and are potentially picking up points against teams who are keeping within the rule book and paying what they can afford and yet they are possibly losing out on the football pitch whenever they come up against Hearts.
That is unfair and it is cheating.
It's called trading while insolvent and it's also illegal.
They should not be allowed to take part in any SFA sanctioned matches whilst this situation continues.
Will they have the cash to pay the wages for everyone except the " majority " of senior players ?
While thing stinks. Hope it's only a temporary respite
I think I'm right in saying that there would be no requirement for the Council to divulge such information as it would not come under the auspices of the Freedom of Information Act.Quote:
Originally Posted by greenginger
The Act was established with the intention of making Public Organisations more open and accountable for their own business and actions but I doubt if there would be a requirement for a Local Authority to respond to a request pertaining to the extent of a private business's ongoing liabilities to the Council itself.
Sadly.
What about if they were not paying other public bodies ?Quote:
Originally Posted by Golden Bear
It would be the same I think. The FOI Act relates to the business of Public Bodies and would not be used as a means of acquiring confidential financial data on individual ratepayers/council tax payers.Quote:
Originally Posted by truehibernian
Although they will still be walking a tightrope, they now have carte-blanche to hold back on wages indefinitely (the SPL have shot themselves in the foot as I bet they don't have the machinery to reverse their decision about 'ammended contracts' or the time to change the rules to allow them to do so ) Hearts can now arrange to pay any deferred wages well into the future and certainly beyond January. The SPL have no reason to keep or increase the signing embargo so, come the New Year, they will be able to strengthen their squad with players who are indifferent to their 'bad habits' and I'm sure there will be a number of them including Skacel. If the players are all happy to accept the ridiculous pay arrangements, the SPFL will be powerless to intervene. All they have to do is keep their noses clean and they will struggle their way through to the end of the season. Of course they are treading through a minefield, but they have the players' support and a huge dose of political will to help them and I won't be surprised to see them in a comparitively healthy position in May.Quote:
Originally Posted by Spike Mandela
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Originally Posted by greenginger
does anyone know(i'm sure cardownie will have some knowledge of this) exactly when that 'safety' certificate for that run-down asbestos-ridden fleapit of a main stand runs out....and why it was issued the last time
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Originally Posted by cabbageandribs1875
With this twisted yam cooncil it's probably in perpetuity. :wink:
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Originally Posted by Dave-0762
no need for that kind of language, i only asked a question
:greengrin
I hope we get major snowfall at the start of December, maybe the fleapit will just fa' doon under the weight of snow :thumbsup:Quote:
Originally Posted by cabbageandribs1875
I would have thought that too, but I remember that just after Rangers went into admin. sombody ,no doubt of the Celtic persuation did an FOI request to Glasgow Council on Rangers payments and got a chapter and verse statement on all their outstanding payments for Business Rates and Policing charges.Quote:
Originally Posted by Golden Bear
Difference here of course is Glasgow Council is Celtic minded, Edinburgh Council is Yam minded.
I think you're right, however there would be nothing to stop a question being asked under FOI whether the council had ever given them relief from rates or any other assistance in financial or otheer kind - for example a relaxation of any guidelines or regulations etc and for all documentation relating to those instances to be released.Quote:
Originally Posted by Golden Bear
From STV, Alex Mackie asking Vlad to name his price, I would imagine there is a big difference in Vlad's valuation to the figure Mackie is quoting below, was Vlad not quoting £50 million before, doubt he would sell for 10% of that.
http://sport.stv.tv/football/200638-...ame-its-price/
Hearts fan takeover chief Alex Mackie wants the club to name its price
The man at the front of the Hearts fan takeover proposal wants the club to name its price.
“There’s no use just saying our offer is derisory, we have for quite some time asked them for their counter-offer.”
With Hearts unwilling to state a price for the 138-year-old football club, Mr Mackie revealed he believes it is worth less than £5m.
He said: “It has to be in the low millions if it’s debt-free and liability-free because if we were acquiring the main asset we also have to take into account a funding gap.
“You have to tailor the value of Tynecastle against other exposures, like player contracts, and it has to be in very low millions.”
Sorry guys I am catching up - have the SPL officially said they will not punish Hearts or are we just assuming?
The winding up order is still in place for tomorrow right now as I understand it.
HMRC have accepted the payment plan under the condition that Hearts were able to prove that they could honour this deal plus pay November and Decembers PAYE and NI.
.....As at this evening this has not been forthcoming
Do you know what proof HMRC would accept?Quote:
Originally Posted by GoldenEagle
Not a scooby... A letter from Salmond or Ronnie Corbett? :)Quote:
Originally Posted by CropleyWasGod
Oh yeeeeeessssssssssssssssssssss :thumbsup:Quote:
Originally Posted by GoldenEagle
So Vlad uses the share money etc. to get them to the end of the season, releases all the out of contract players .. and hey presto .. no funding gap. :wink:Quote:
Originally Posted by YehButNo But
Could they maybe write to that "life long Yam" and afficionado of all things pudding Greg Wallace and see if he would maybe put up a meringue or maybe a couple of celebrity cream cakes as security?Quote:
Originally Posted by CropleyWasGod
That would do me :greengrinQuote:
Originally Posted by GoldenEagle
Seriously, I would have thought that payment of half by tomorrow would be the least they would accept.
the dosh in their hands :greengrinQuote:
Originally Posted by CropleyWasGod
To paraphrase that great Glasgow comic, and lifelong Hun, Lex McLean..... is that a tax payment or a meringue?Quote:
Originally Posted by Bostonhibby
(for younger readers, say it out loud in a weegie accent.)
They are clueless as to who they are dealing with.Quote:
Originally Posted by YehButNo But
Stick to your guns Vlad!
Very low millions suggests to me anything between 1 and 3. Thats without the debt. :faf: big team.
So let me get this straight, mackie wants vlad to sell a debt free hearts and throw in tynecastle for less than 5m? Seems cheeky at best. Surely any new buyer would at least need to pay or take on the 24m debt?
I've e-mailed my msp to ask why our government is getting involved, his reply was as a Hibs supporter, he wants to see THEM survive!
Not necessarily. It's only worth what someone is prepared to pay. If that's the only offer, that's what it's worth.Quote:
Originally Posted by JAY-ME
Was it not reported yesterday that HMRC had agreed the payment plan and Jambo assurances. If that is the case, is the winding up order not now redundant?Quote:
Originally Posted by GoldenEagle
I still think they will wriggle out of this. Hibs supporters have enjoyed one joke after another from them, but even with one wheel on their wagon they still just roll along. They may be rolling down hill but they keep going.
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Originally Posted by Jim44
No.
The first payment is still due to-morrow.
The November payment soon (I think next week).
Then the balance of the £450000.
Then the December payment.
Failing to pay any of these could trigger the WUP.
If they defer wages, do they still have to pay PAYE & NI on them when they're actually paid or when they are meant to be paid? this would let them off with PAYE & NI payments until they actually have cash to pay them??? Is the right??:confused:Quote:
Originally Posted by WindyMiller
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Originally Posted by vince1973
They might avoid paying them by allowing the players to negotiate with the new club and getting a bigger signing-on fee.
Then the new club/players pay the taxes.
PAYE and NICs would be due upon actual payment, and not if salaries are deferred.
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Originally Posted by WindyMiller
thnxQuote:
Originally Posted by TQM
Heard this guy being interviewed on Sportsound last night. Have to say I didn't find him very convincing, and I wasn't surprised that Vlad knocked him back.Quote:
Originally Posted by STV
Tend to agree thought he was a slaver and a bit too much up himself. Went on while not being very coherent that it took someone as articulate as himself to show up the Romanov's at AGM's. Bit of a clown imo.Quote:
Originally Posted by grunt
I know someone that knows the guy and there's no questioning his heart is in the right place and he's got good intentions for hearts, however he's not willing to take on the debt so its an absolute non starter for them to take over hearts in there current form.Quote:
Originally Posted by grunt
Imo hearts will eventually have to start again in the 3rd division and that's when like this consortium will step in to run hearts.
Lets not forget to mention Hearts have sold out Tynecastle this weekend.
Is 17,000 not the biggest Edinburgh crowd this season.
:agree: 137 pages of wishful thinking. Simply not going to happen. We need to move on, grow some balls, and make sure we give them what they deserve on 2 Dec.Quote:
Originally Posted by Vini1875
Hibernian FC also need to grow some. The nonsense about the sacking of the DJ contractor for playing a song that may or may not be offensive to our noisy neighbours sums up the meek, loser mentality that has pervaded at Easter Road for YEARS, and something which Fenlon is rightly trying to eradicate. I'd love to know who made the decision to sack the guy for this misdemeanour as they should be clearing his desk.
:faf:Quote:
Originally Posted by 125restrdsth
We are so so jealous :bye:Quote:
Originally Posted by 125restrdsth
:hmmm:Quote:
Originally Posted by 125restrdsth
Erm, the rugby last Sunday had a few more than 17,000.Quote:
Originally Posted by 125restrdsth
Better luck next time.
Sounding more like Sevco fans everydayQuote:
Originally Posted by 125restrdsth
And the biggest crowd for the table toppers?
:singing:Quote:
Originally Posted by 125restrdsth
Top of the league while the Jambos die :partyhibb
Top of the league while the Jambos die :partyhibb
:bye:
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Originally Posted by 125restrdsth
just imagine the crowds hertz will get if they ever build a new pinkdome, i mean, they will build one yep ?
away and take yer face for a *****e ya plum :bye:Quote:
Originally Posted by 125restrdsth
Wi that sort of crowd turning up I am surprised they never confessed that they are up ****** creek without a paddle months ago, think of all those sell out crowds and the cash they would generate to send back to the homeland.Quote:
Originally Posted by 125restrdsth
Keep doing the whist drives and coffee mornings tho, every little helps :wink:
Even if (sorry WHEN) they get that 20,000 seater main stand built, as I'm sure Vlad will be true to his word and get it built, it won't be anywhere near the size that they'll need to accommodate all of their fans.Quote:
Originally Posted by cabbageandribs1875
They'll need to build about 20 stadiums to get all the 400,000 of the faithful in.
That's a lot of cupcakes. :aok:
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Originally Posted by 125restrdsth
you and your sisters grandkids will be hibbies :flag:
That's just pish. At least try to be sly about it you absolute welt. It's just as well your lot are selling cupcakes for money rather than trying to do stand up comedyQuote:
Originally Posted by 125restrdsth
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Originally Posted by FalkirkHibee
the council will decide the capacity, when they go out of their way to build it for them :cb
I wonder how many of the 17,000 paid full price... Clue towards the club having to sell off everything that isn't nailed down just to keep the lights on...
Fair play, so do I.Quote:
Originally Posted by hibsmum
Wouldn't be the same without the derby rivalry. Edinburgh is big enough for two, possibly three teams and there needs to be that dimension. I'd be very sad to see them go. HMFC means a lot to a lot of people, some of them friends and family. The poor misguided fools that they are!
Only after blackmailing fans to turn up or it would have been Hearts last game ever.Quote:
Originally Posted by 125restrdsth
Shameful club run by shysters. :fenlon
Can you get 17,000 in a Tesco store?Quote:
Originally Posted by 125restrdsth
There's probably a fair percentage of them getting tickets for free after volunteering to be groundsmen.Quote:
Originally Posted by ScottB
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Originally Posted by steakbake
True but i also want to see them punished sufficiently for this and not walk away untouched
The Roseburn stand will be full of maroon oven gloves.Quote:
Originally Posted by JAY-ME
I don't want them to go out the box either, but what will happen when the "big tax case" arrives??...... :wink:
Curtains me thinks .....
This thread has miles and miles left in it ... :aok:
Thing is them staggering on long enough to hand over what cash they have is better for the taxman than pulling the plug tomorrow and all the money going into Vlad's back pocket.Quote:
Originally Posted by euansdad
They'll run out of money soon enough and miss a payment, then their punishment will come!
Surely the embargo will remain in place until the tax bill is paid in full?
That's the outcome I was hoping for. I don't want them dead, having them wishing they were dead as we embarrass them season after season and they spend August till may staving off relegation every season would be very rewarding.Quote:
Originally Posted by keekaboo
think I'd just prefer deid, much simpler.Quote:
Originally Posted by ian cruise
I thought the embargo was a sanction for the non-payment of salaries. The embargo will be removed on the stipulated date as non-payment is no longer an issue. Hearts have created rolling ammended contracts and can pay their players as and when they want. :-)Quote:
Originally Posted by PatHead
I was told today that the groundsmen are always volunteers and that nothing has changed?Quote:
Originally Posted by JAY-ME
SPL also said only sanction for non payment of taxes was transfer embargo so surely that will be imposed.Quote:
Originally Posted by Jim44
But, given the cosy installment payment of taxes agreed between Hearts and Hector, the non-payment will probably be ignored by the SPL.Quote:
Originally Posted by PatHead
Surely that would defeat the whole logic of the ban...............oh aye its the SPL we are talking aboutQuote:
Originally Posted by Jim44
Seriously, I think that since the Jambos and Hector are having dialogue and are likely to come to a compromise, the SPL will let sleeping dogs lie and take a back seat.Quote:
Originally Posted by PatHead
name and shameQuote:
Originally Posted by hibsmum
how can we ever forget:rolleyes:, but we will remember that YOUR gORGIE MOB have been in the unenviable position of being hours away from dipping into the abyss, and the edge of the path that has taken you to the aforementioned abyss,is still crumbling.the amount of walk up payees for this and any of the forthcoming home matches is pitiful in comparison to the amounts required right now to keep your heid above water, never mind paying off some debt. there are a few of the senior players that have enough money in the bank,stuffed in the bedside cabinet, etc that could see them through to christmas but there is an equally fair amount o' the staff/young players , tea lady etc that will start to struggle very soon.that's when the real pressure will come on, re-wages.and, hmrc will not stand idlely by, if your club f/cks wi' them much more. our day will come,and it will surely be joyous.Quote:
Originally Posted by 125restrdsth
This is total nonsense IMO. They cant pay the wages they agreed to so they are "amending" the contracts outside the transfer window? Reeks of an abuse waiting to happen.Quote:
Originally Posted by Jim44
"Your no playing well son. Pity about your injury. Lets amend your contract accordingly, voluntarily of course "
Okay, we are told that the players agreed to this but what could Hearts do if they didnt? It isnt as if they are going to be paid. If Hearts cant pay the wages (again!) the players concerned should be released and treated as free agents retaining the right to pursue Hearts for breach of contract in the courts. Hearts should be held accountable for failing to ensure they run their business in a legitimate manner.
*** boo!!!!!!!
politicians get involved for one thing and one thing only,votes,nothing more or less,keeps their noses in the trough.hearts are skint ,insolvent should not be trading,
I agree it's a piece of nonsense but I think the SPL have set a precedent by accepting the Jambo escape route. If the consenting players choose to continue with the charade next month, will the SPL do a u-turn and refuse ammended contracts? Will the SPFA step in and challenge the right to muck about with contracts?Quote:
Originally Posted by Kaiser1962
After the SPL have imposed transfer embargoes against Hearts in regards to ensure financial fair play for the rest of the league, would the SPL be negligent in allowing Hearts to sign new players in January, with HMFC still owing deferred salaries to their players? How can the SPL, under those circumstances, justify penalising Hearts for further breaches of financial fair play, when the SPL have allowed them to do so? The SPL in my opinion, must continue to keep the signing embargo until HMFC can demonstrate they have the means to pay their players consistently and on time, not deferring, until things " might get better".
GGTTH
And the PFA are letting them away wi this?!?!Quote:
Originally Posted by Kaiser1962