Share Transfers Agreed/Cooling off period

Quote:

---

Originally Posted by Sprouleflyer

A property tycoon........hmmm?

If this (a big IF as it is the Sun) is true, I can only see this as being bad news for Hearts! Someone can smell a huge profit in the land that the piggery sits upon....Vultures are already circling to feed on the carcass of HoMFC

---

Even the brokebackers are dubious. I'm guessing that it must have been someone close to the property tycoon or Valnetas UAB who told 'The Sun'!

Quote:

---

Originally Posted by TQM

Let us pray.

---

Vultures? Maybe that should be 'let us prey' then. :-)

This is going to be one splendid spring/summer me thinks.

The American wants to swoop as he is keen to keep paying Hearts ongoing tax bill and also to share in the huge profits to be made from them !, cobblers . What's to stop someone putting this story out to try and force the price of the tin shack up ?.

Mickey Forrester...American property tycoon???

Are you guys serious?

Nothing can happen to Hearts just now as long as UBIG still holds ownership (if that is the case?)

Quote:

---

Originally Posted by Hibby Kay-Yay

Mickey Forrester...American property tycoon???

Are you guys serious?

Nothing can happen to Hearts just now as long as UBIG still holds ownership (if that is the case?)

---

What if that article in the herald was right yesterday and ukios actually own them, can they be sold then?

There's a huge 'if' in that article. I would be hugely surprised if anyone thought Scottish football was a way to make a quick buck ( Sevco excluded).

Quote:

---

Originally Posted by bingo70

What if that article in the herald was right yesterday and ukios actually own them, can they be sold then?

---

if the article is right then hearts should be deducted 18 points immediately

Just had a look over on kickback and no mention of any Orc receiving their Hearts Accounts :confused:

Surely one of them must have a postal address or does the whole Royal Mail shut up shop on holiday weekends.

Quote:

---

Originally Posted by Hibby Kay-Yay

Mickey Forrester...American property tycoon???

Are you guys serious?

Nothing can happen to Hearts just now as long as UBIG still holds ownership (if that is the case?)

---

They are already claiming this guy is the white knight :hilarious

Whoa there boy! who is he? have you ever heard of him? what are his assets? what are his motives for this? property tycoon? must mean Tesco's will be getting the land sooner than they thought.

Pathetic and I mean really pathetic, one crook out another one comes in, Yam class as usual

Quote:

---

Originally Posted by greenginger

Just had a look over on kickback and no mention of any Orc receiving their Hearts Accounts :confused:

Surely one of them must have a postal address or does the whole Royal Mail shut up shop on holiday weekends.

---

My wife's a shareholder so I'm also keen to see them...still waiting too

Quote:

---

Originally Posted by bighairyfaeleith

if the article is right then hearts should be deducted 18 points immediately

---

Aye, mikey has told us enough times :-)

Just wondered if they'd be able to be sold though?

If the American tycoon thing is true then from a football point of view he is surely being linked with the wrong Edinburgh club. A wee shopping mall would look quite good down Gorgie way though!

Quote:

---

Originally Posted by bingo70

Aye, mikey has told us enough times :-)

Just wondered if they'd be able to be sold though?

---

I believe so, yes, but given they would almost certainly be in division 1 they would be an even less desireable purchase

The Yam's really will just believe whatever they want.

Last week The Sun said they were going into administration and they were calling it a rag of a paper, no truth, check their sources etc

Today The Sun says some American tycoon is buying them and they are taking it as gospel.

Mind you. Brokeback? Cowboys? :cb

I must be being stupid cos I can't find anything bout this property tycoon.

Sorry having a bad morning.

Quote:

---

Originally Posted by Aldo

I must be being stupid cos I can't find anything bout this property tycoon.

Sorry having a bad morning.

---

http://www.thescottishsun.co.uk/scot...ambos-bid.html

Quote:

---

Originally Posted by Hibby Kay-Yay

My wife's a shareholder so I'm also keen to see them...still waiting too

---

Apologies to your wife for referring to her as an Orc ! There are always exceptions to a rule. :greengrin

They think it might be Donald Trump i kid you not , :hilarious i think they are Donald Ducked !.

Quote:

---

Originally Posted by bighairyfaeleith

if the article is right then hearts should be deducted 18 points immediately

---

Correct. The administrator has stated that Ukio Bankas has a claim on 79% of Hearts shares and the last time I looked 79% was enough to confirm ownership.

I'll keep this simple so any passing Jambos, and Barry, can understand it.

The SPL Rules are clear about this............

A6.8 Where a Club which was a member of the League in the immediately preceding Season takes, suffers or is subject to an Insolvency Event that Club shall be deducted the greater of 10 points and one third, rounded up to the nearest whole number, of the total number of points, excluding any points deducted for any reason, gained by that Club in the League in the immediately preceding Season and where a Club which was not a member of the League in the immediately preceding Season takes, suffers or is subject to an Insolvency Event that Club shall be deducted 10 points. Where the Insolvency Event occurs during a Season, the requisite points deduction shall apply immediately. Where the Insolvency Event occurs during the Close Season the requisite points deduction shall apply in respect of the immediately following Season, such that the Club starts that immediately following Season on minus the requisite number of points.

A6.9 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 for more than one Season then, for each such 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 10 points and shall start each such Season on minus 10 points.

A6.10 In the event that a Club shall take, suffer or be subject to more than one Insolvency Event during any one Season and the immediately preceding Close Season, which, in the opinion of the Board, are not part of the same Insolvency Process, then that Club shall be deducted the requisite number of points determined in accordance with Rule A6.8 in respect of each separate such Insolvency Event.

A6.12 For the purposes of Rules A6.8 to A6.10 (inclusive) all references to a Club taking, suffering or being subject to an Insolvency Event and/or an Insolvency Process as well as including the owner and operator of a Club taking, suffering or being subject to an Insolvency Event and/or an Insolvency Process shall, if the Board so determines having regard to (i) the need to protect the integrity and continuity of the League; (ii) the reputation of the League; and (iii) the relationship between such owner and operator and the Group Undertaking concerned, also include any Group Undertaking of such an owner and operator taking, suffering or being subject to an Insolvency Event and/or an Insolvency Process.


Taken from here.....

http://www.scotprem.com/content/medi...BER%202012.pdf

They should have had the 18 point deduction already. I really don't see how they can avoid it once the 10 day appeal period is up.

Quote:

---

Originally Posted by bingo70

Aye, mikey has told us enough times :-)

---

Just in case you missed it :wink:

Can't understand why anyone who doesn't have a connection to hearts would want to buy them, they are a shambles. If you were looking to buy a football club and were actually serious about it then surely you would avoid hearts like the plague

Quote:

---

Originally Posted by #FromTheCapital

Can't understand why anyone who doesn't have a connection to hearts would want to buy them, they are a shambles. If you were looking to buy a football club and were actually serious about it then surely you would avoid hearts like the plague

---

Correct. There's another club in Edinburgh that has very little debt, an up to date stadium and their own training facilities.

And the current owner wouldn't be difficult to deal with if the right person came along.

Quote:

---

Originally Posted by HIBERNIAN-0762

They are already claiming this guy is the white knight :hilarious

Whoa there boy! who is he? have you ever heard of him? what are his assets? what are his motives for this? property tycoon? must mean Tesco's will be getting the land sooner than they thought.

Pathetic and I mean really pathetic, one crook out another one comes in, Yam class as usual

---

Property tycoon? Bound to be declared a life long Yam soon.handy he is in the property game though, the £51m megasuperhotelstadium must be back on and maybe 2018 is the Champions league date? Christ they might even win another war. The clue might lie in property "tycoon". Maybe he's always wanted a debt ridden cash drain with all the other stigma that goes with this shower, not as if there are any other more viable clubs he could buy if he really wanted one, if indeed he exists!

Quote:

---

Originally Posted by Mikey

Correct. There's another club in Edinburgh that has very little debt, an up to date stadium and their own training facilities.

And the current owner wouldn't be difficult to deal with if the right person came along.

---

Bitter, bitter hobo.

5-1

1902

Quote:

---

Originally Posted by Cabbage East

Bitter, bitter hobo.

5-1

1902

---

You forgot -18

:hilarious

Quote:

---

Originally Posted by Mikey

Correct. The administrator has stated that Ukio Bankas has a claim on 79% of Hearts shares and the last time I looked 79% was enough to confirm ownership.

I'll keep this simple so any passing Jambos, and Barry, can understand it.

The SPL Rules are clear about this............

...
A6.12 For the purposes of Rules A6.8 to A6.10 (inclusive) all references to a Club taking, suffering or being subject to an Insolvency Event and/or an Insolvency Process as well as including the owner and operator of a Club taking, suffering or being subject to an Insolvency Event and/or an Insolvency Process shall, if the Board so determines having regard to (i) the need to protect the integrity and continuity of the League; (ii) the reputation of the League; and (iii) the relationship between such owner and operator and the Group Undertaking concerned, also include any Group Undertaking of such an owner and operator taking, suffering or being subject to an Insolvency Event and/or an Insolvency Process.


Taken from here.....

http://www.scotprem.com/content/medi...BER%202012.pdf

They should have had the 18 point deduction already. I really don't see how they can avoid it once the 10 day appeal period is up.





Just in case you missed it :wink:

---

What about the ' if the Board so determines ' above? What if 'they' don't determine it? Who are 'they'?

https://si0.twimg.com/profile_images.../me_normal.jpg

Barry Anderson @BarryAnderson_

Sergejus Fedotovas tells #Hearts fans £15m debt to Ukio won't be recalled right now & answers other finance questions in today's #EEN.

#HMFC9:11 AM - 7 May 2013


I'd love to sit in on these conversations,

BA: "Awrite Serg, it's Barry is all still barry"
SF: "Yes, all is Barry Barry"
BA: "That's Barry"

Quote:

---

Originally Posted by Bajillions

http://www.thescottishsun.co.uk/scot...ambos-bid.html

---

Sorry saw that article I think I meant the guy himself. Phone playing silly beggars.

Cheers again

Quote:

---

Originally Posted by Mikey

Correct. The administrator has stated that Ukio Bankas has a claim on 79% of Hearts shares and the last time I looked 79% was enough to confirm ownership.

I'll keep this simple so any passing Jambos, and Barry, can understand it.

The SPL Rules are clear about this............

A6.8 Where a Club which was a member of the League in the immediately preceding Season takes, suffers or is subject to an Insolvency Event that Club shall be deducted the greater of 10 points and one third, rounded up to the nearest whole number, of the total number of points, excluding any points deducted for any reason, gained by that Club in the League in the immediately preceding Season and where a Club which was not a member of the League in the immediately preceding Season takes, suffers or is subject to an Insolvency Event that Club shall be deducted 10 points. Where the Insolvency Event occurs during a Season, the requisite points deduction shall apply immediately. Where the Insolvency Event occurs during the Close Season the requisite points deduction shall apply in respect of the immediately following Season, such that the Club starts that immediately following Season on minus the requisite number of points.

A6.9 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 for more than one Season then, for each such 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 10 points and shall start each such Season on minus 10 points.

A6.10 In the event that a Club shall take, suffer or be subject to more than one Insolvency Event during any one Season and the immediately preceding Close Season, which, in the opinion of the Board, are not part of the same Insolvency Process, then that Club shall be deducted the requisite number of points determined in accordance with Rule A6.8 in respect of each separate such Insolvency Event.

A6.12 For the purposes of Rules A6.8 to A6.10 (inclusive) all references to a Club taking, suffering or being subject to an Insolvency Event and/or an Insolvency Process as well as including the owner and operator of a Club taking, suffering or being subject to an Insolvency Event and/or an Insolvency Process shall, if the Board so determines having regard to (i) the need to protect the integrity and continuity of the League; (ii) the reputation of the League; and (iii) the relationship between such owner and operator and the Group Undertaking concerned, also include any Group Undertaking of such an owner and operator taking, suffering or being subject to an Insolvency Event and/or an Insolvency Process.


Taken from here.....

http://www.scotprem.com/content/medi...BER%202012.pdf

They should have had the 18 point deduction already. I really don't see how they can avoid it once the 10 day appeal period is up.





Just in case you missed it :wink:

---

Surely Dundee FC should be all over this?

Mikey- worth emailing the spl a copy of their rules along with a link to the herald article?

If I was involved with Dundee I would be in touch with the spl demanding answers as to why the 18 point penalty has not been applied!


Sent from my iPhone using Tapatalk