Share Transfers Agreed/Cooling off period

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16-05-2013, 04:45 PM
Gus Fring

Quote:

Originally Posted by Mon Dieu4

Few links here going from 2008 to pretty much present day straight from their own website

http://www.heartsfc.co.uk/articles/2...241384_1339523

http://www.heartsfc.co.uk/articles/2...241384_2959577

http://www.heartsfc.co.uk/articles/2...241384_2358272

http://www.heartsfc.co.uk/staticFile...~178521,00.pdf

"Heart of Midlothian Football Club (Hearts) has reported a return to profitability thanks to savings in staff costs and further investment from parent company Ukio Banko Investicine Grupe (UBIG) and related parties."

I get theres some wriggle room but it didn't work for Southampton or Coventry, admittedly different leagues and only similar circumstances but the argument is the same.

Also, If the players haven't been paid either then thats got to make the SPL even more suspicious?
16-05-2013, 04:47 PM
givescotlandfreedom

Quote:

Originally Posted by Mon Dieu4

Few links here going from 2008 to pretty much present day straight from their own website

http://www.heartsfc.co.uk/articles/2...241384_1339523

http://www.heartsfc.co.uk/articles/2...241384_2959577

http://www.heartsfc.co.uk/articles/2...241384_2358272

http://www.heartsfc.co.uk/staticFile...~178521,00.pdf

Any smart cookies able to save those pages in case they get taken down?
16-05-2013, 04:47 PM
Sean1875

What a complete joke of a club :faf:
16-05-2013, 04:47 PM
Viva_Palmeiras

Would it be wise to wander round Gorgie with my Ché Petrie tshirt on?
16-05-2013, 04:49 PM
hibs0666

Hearts directors talk about today's events...

Heart of Midlothian FC today made the following statement in relation to parent company UBIG.

"Heart of Midlothian Football Club can today acknowledge it is aware of a report circulating in Lithuania relating to its parent company UAB Ukio Banko Investicine Grupe (UBIG).

"The club is seeking clarification regarding UBIG's current situation and as such, it would be inappropriate to comment further at this stage."
16-05-2013, 04:49 PM
Mikey

Quote:

Heart of Midlothian FC today made the following statement in relation to parent company UBIG.

"Heart of Midlothian Football Club can today acknowledge it is aware of a report circulating in Lithuania relating to its parent company UAB Ukio Banko Investicine Grupe (UBIG).

"The club is seeking clarification regarding UBIG's current situation and as such, it would be inappropriate to comment further at this stage."

http://www.heartsfc.co.uk/articles/2...241384_3181337
16-05-2013, 04:49 PM
ac1

Quote:

Originally Posted by HUTCHYHIBBY

Might pop into Brauhaus for a pint when they go pop, hopefully Skacel will be pouring the pints.

Getting it up that asshole is one of the things I am looking forward to most when they go down the pan :aok:

Wonder if he will be giving it the 'loser' sign when his beloved club are flushed down the toilet?
16-05-2013, 04:50 PM
Oscar T Grouch

While this thread is fun, check out brokeback :greengrin it has to be the best thread anywhere ever :thumbsup:

I am going out for a pint tonight and I'm going with a Hibs top on, to yam bait, it's gonna be a fun night oot :agree:
16-05-2013, 04:50 PM
DaveF

Quote:

Originally Posted by hibs0666

Hearts directors talk about today's events...

Heart of Midlothian FC today made the following statement in relation to parent company UBIG.

"Heart of Midlothian Football Club can today acknowledge it is aware of a report circulating in Lithuania relating to its parent company UAB Ukio Banko Investicine Grupe (UBIG).

"The club is seeking clarification regarding UBIG's current situation and as such, it would be inappropriate to comment further at this stage."

Seeking clarification? Surely Fedotovas keeps them up to date with everything :rolleyes:
16-05-2013, 04:51 PM
kdhibees1

An honest statement for a change!
http://www.heartsfc.co.uk/articles/2...241384_3181337

All the crap they have been making up in the past now seems clear.......time to majorly panic!! :greengrin
16-05-2013, 04:52 PM
Part/Time Supporter

Quote:

Originally Posted by JeMeSouviens

There are 2 definitions that matter in the SPL rules:

- "Owner and operator of a club". This is a new phrase dreamed up during the NewHun saga to try and pretend that a separate club entity existed that could live on when the company died. So, on planet reality this actually means the club itself, ie. Heart of Midlothian plc. If they have an insolvency event then the deduction is automatic.

- "Group undertaking". I posted the definition of this above and UBIG definitely falls into this category. In this case the deduction isn't automatic but would be decided by the SPL board with 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

Can't see how Dundee's lawyers could possibly lose?

http://www.youtube.com/watch?v=EkS6R0YtobQ
16-05-2013, 04:52 PM
Saorsa

Quote:

Originally Posted by givescotlandfreedom

Any smart cookies able to save those pages in case they get taken down?

saved :greengrin
16-05-2013, 04:53 PM
littleplum

Grant Russell ‏@STVGrant 43s STV understands the SPL has asked its lawyers for advice on its own insolvency rules over Hearts/UBIG situation
16-05-2013, 04:55 PM
Www1875hfc

Can we now arrange a wreath from :hnet:

Dan,any chance o the tombstone updated to 2013 please \0/
16-05-2013, 04:56 PM
down-the-slope

Quote:

Originally Posted by hibs0666

Hearts directors talk about today's events...

Heart of Midlothian FC today made the following statement in relation to parent company UBIG.

"Heart of Midlothian Football Club can today acknowledge it is aware of a report circulating in Lithuania relating to its parent company UAB Ukio Banko Investicine Grupe (UBIG).

"The club is seeking clarification regarding UBIG's current situation and as such, it would be inappropriate to comment further at this stage."

Maybe I should just email them copy of

http://www.bankrotodep.lt/Images/page_head.gif

listing I posted on here....more than a report Pink People
16-05-2013, 04:57 PM
Andy74

Quote:

Originally Posted by littleplum

Grant Russell ‏@STVGrant 43s STV understands the SPL has asked its lawyers for advice on its own insolvency rules over Hearts/UBIG situation

Should have been done months ago!
16-05-2013, 04:57 PM
Westie1875

Quote:

Originally Posted by littleplum

Grant Russell ‏@STVGrant 43s STV understands the SPL has asked its lawyers for advice on its own insolvency rules over Hearts/UBIG situation

:wtf: :panic:
16-05-2013, 04:58 PM
EuanH78

To be honest the SPL would be insane not to give Hearts the points deduction now. They are obviously going to go breasts skywards in the summer anyway. :aok:
16-05-2013, 04:58 PM
down-the-slope

Quote:

Originally Posted by littleplum

Grant Russell ‏@STVGrant 43s STV understands the SPL has asked its lawyers for advice on its own insolvency rules over Hearts/UBIG situation

STV

News is crap...but get it on...Hearts / UBIG in the headlines...
16-05-2013, 04:58 PM
givescotlandfreedom

Quote:

Originally Posted by Desperate Dan

saved :greengrin

:thumbsup:
16-05-2013, 04:59 PM
Mikey

Quality post from over the road........

Quote:

So we could be relegated through no fault of our own?

Quote:

Originally Posted by littleplum

Grant Russell ‏@STVGrant 43s STV understands the SPL has asked its lawyers for advice on its own insolvency rules over Hearts/UBIG situation

The wheels are in motion..................
16-05-2013, 05:01 PM
neilmartinrocks

Quote:

Originally Posted by Mikey

Quality post from over the road........

:faf::faf::faf::faf::faf:
16-05-2013, 05:02 PM
Onceinawhile

So fedotovas (the man in charge of hearts) has confirmed It's true.. but hearts are trying to find out what the answer is...
16-05-2013, 05:02 PM
CraigHibee

hearts claim the cup final result last may finished hibs...

how good does it feel to know that WE effectively finished them by beating them on sunday? (pending points deduction) :greengrin
16-05-2013, 05:03 PM
Lee Marvin

Quote:

Originally Posted by Mikey

Quality post from over the road........

Aaaaaaaaaaaaaahahahahaha. Magnificent
16-05-2013, 05:04 PM
JeMeSouviens

Quote:

Originally Posted by Westie1875

:wtf: :panic:

To be fair, the rules weren't written with regard to procedures in Lithuania. Mind you, they're less than a year old, arguably they ought to have been. :wink:
16-05-2013, 05:05 PM
littleplum

Grant Russell ‏@STVGrant 4m Many asking if delay would offset any points deduction until next season. The insolvency event of UBIG arguably has occurred. So no.
16-05-2013, 05:05 PM
Lee Marvin

Ross Caldwell could have relegated hearts. Surely that's worth a statue outside ER........ :)
16-05-2013, 05:05 PM
God Petrie

Haha what is the deadline for the points deduction. Thought it was end of May.
16-05-2013, 05:06 PM
lucky

Finally the bsstards are getting their just deserves.

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