Share Transfers Agreed/Cooling off period

So the SPL come up with a new set of rules, but they need to take legal advice in order to understand them :rolleyes:

They are going to get away with it. Nap

I'm told by a contact that the fact the meeting could be held on monday has no bearing on when the punishment will apply. If the SPL want's to apply it retrospectively and relegate Hearts, it can do so.

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Originally Posted by Bajillions

I'm told by a contact that the fact the meeting could be held on monday has no bearing on when the punishment will apply. If the SPL want's to apply it retrospectively and relegate Hearts, it can do so.

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Correct!

Sporting Integrity should be seen to be above any conflicts of interest.

Our esteemed Chairman Rod Petrie was correct a year ago regarding Rangers: http://www.bbc.co.uk/sport/0/football/18065520

The same is true today.

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Originally Posted by Bajillions

I'm told by a contact that the fact the meeting could be held on monday has no bearing on when the punishment will apply. If the SPL want's to apply it retrospectively and relegate Hearts, it can do so.

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I was shown no less than an hour ago a tweet by the EEN saying pretty much the same :thumbsup:

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Originally Posted by hibs0666

Might look OK on the surface, but then all you need to do is look at the office holders of HOMFC plc which are, as follows (according to duedil.com):

Sergejus Fedotovas (born 37 years ago)
Director, Banker
01 Feb 2005 — Present (8 years, 3 months, 16 days)

Mr Roman Romanov (born 38 years ago)
Director, Company Director
01 Feb 2005 — Present (8 years, 3 months, 16 days)

Julija Goncaruk (born 36 years ago)
Director, Director
18 Jul 2005 — Present (7 years, 9 months, 30 days)

Vitalijus Vasiliauskas (born 35 years ago)
Director, Manager
09 Feb 2009 — Present (4 years, 3 months, 8 days)

Mr Sergejus Fedetovas
Company Secretary
28 Mar 2011 — Present (2 years, 1 month, 20 days)

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:agree: Until they resigned they were all also directors of, and paid by UBIG. UBIG has provided massive funding to HoMFC over the last 7 years (£60m+ according to 'Mr Romanov') and remains a creditor to the tune of £10m despite havinf fobbed off £15m to a failing bank (also controlled by people who control UBIG and HoMFC) in what looks increasingly like a criminal act. The most recent accounts, far from showing HoMFC to be independent of UBIG actually show a further £2.7m of funding provided by them. The case for treating UBIG as a 'group company' is overwhelming IMO.

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Originally Posted by Bajillions

This! If the SPL didn't consider UBIG a "group undertaking" then they would just come out right now and effectively say "Doesn't matter what happens as it doesn't affect Hearts, move along, nothing to see here" but the fact they are waiting says to me the points deduction is coming, they are just waiting for UBIG's insolvency to be confirmed before applying it. Crossing the T's and dotting the I's

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Yep. :agree:

The STV guy Jamie Borthwick is a Yam and so his tweets have to be read in that context. It looks like the SPL lawyers are leaning towards UBIG being a group undertaking but are not viewing the listing on the Lith govt website as "notice to enter administration".

So best guess is they won't be relegated but will start next season on -15 (if they last that long).

Does all this mean they were telling porkies all along, and they did not owe the money to themselves? :confused: :wink:

Have they been paid????

On top of all this can anyone confirm if players and staff were paid or not?

Have they been paid?? If they get away with this it's the final nail in the coffin for corrupt Scottish football


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Originally Posted by kaimendhibs

Have they been paid?? If they get away with this it's the final nail in the coffin for corrupt Scottish football


Sent from my iPhone using Tapatalk

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No sod knows. Nothing coming out of tynecastle except a river of money.

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Originally Posted by Sergio sledge

Their argument will be (if I understand correctly) that:

The football club's parent company is HOMFC PLC
HOMFC PLC's parent company is UBIG
Therefore the football club's parent company is not UBIG.

The SPL rules use the phrase "owner and operator" in which case their argument will be the same:

The football club's owner and operator is HOMFC PLC
HOMFC PLC's owner and operator is UBIG
Therefore the football club's owner and operator is not UBIG.

This is backed up by the Nimmo-Smith ruling which seemed to separate the football club as a separate entity to the company which runs it.

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Then every SPL club should be restructuring their businesses so that the parent company is set up as a distinct and separate entity from the football club. That way, the SPL rules can't bite . Coach, horses and SPL rules. Do they actually pay money to lawyers to set these rules up ?

The fact that the SPL are waiting for legal confirmation of UBIG's insolvency shows that they consider it immediately relevant. Pleasing.

Just wait and see what happens! No point jumping the gun saying they have got away with it!

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Originally Posted by Caversham Green

:agree: Until they resigned they were all also directors of, and paid by UBIG. UBIG has provided massive funding to HoMFC over the last 7 years (£60m+ according to 'Mr Romanov') and remains a creditor to the tune of £10m despite havinf fobbed off £15m to a failing bank (also controlled by people who control UBIG and HoMFC) in what looks increasingly like a criminal act. The most recent accounts, far from showing HoMFC to be independent of UBIG actually show a further £2.7m of funding provided by them. The case for treating UBIG as a 'group company' is overwhelming IMO.

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:agree: However isn't there a difference between a group company and the "owner and operator" in that the owner and operator suffering an insolvency event would result in an automatic deduction whereas a group company is at the discretion of the SPL?

In that case, Hearts will argue that UBIG's insolvency was forced by external factors (Ukio) rather than anything to do with the football club and they have been operating without assistance from UBIG since Feb 2012, so they shouldn't be made to suffer for the non-football sins of a group company.

I'm not saying I agree with any of this by the way, but I can see them using that argument and getting out of any deduction right now.

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Originally Posted by Meeko

Just wait and see what happens! No point jumping the gun saying they have got away with it!

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It's pointing towards that at the moment though. Dundee should be preparing their case now!

I'm wondering if the SPL hierarchy are waiting untill close of play ie: 15:00 lith time as UB may get the court order by then for administration then the decision is a lot easier 18 point deduction and 1st div football or give them -15 for next season if no decision has been made

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Originally Posted by makaveli_619

The fact that the SPL are waiting for legal confirmation of UBIG's insolvency shows that they consider it immediately relevant. Pleasing.

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Quite. There is no prospect of Hearts being let off by the football authorities. They are simply not rushing to make a decision before all the facts are known.

The last thing we want is for Hearts to undo in the courts whatever judgement that comes their way because the SPL cut corners.

Softly, softly catchy monkey...

They do love the saying "we're self sufficient" when will they realise that they aren't even close?

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Originally Posted by JeMeSouviens

Yep. :agree:

The STV guy Jamie Borthwick is a Yam and so his tweets have to be read in that context. It looks like the SPL lawyers are leaning towards UBIG being a group undertaking but are not viewing the listing on the Lith govt website as "notice to enter administration".

So best guess is they won't be relegated but will start next season on -15 (if they last that long).

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I follow Jamie on the tweet machine and to be fair to the guy he seems to put his journalistic objectiveness ahead of his affiliations. I will give him the benefit of the doubt regarding his last few tweets.

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Originally Posted by Meeko

Just wait and see what happens! No point jumping the gun saying they have got away with it!

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:agree:


Even if they do avoid points deduction this season, they are ****** anyway. UBIG going under was always going to happen but make no mistake- its terrible news for hearts.

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Originally Posted by Onion

Then every SPL club should be restructuring their businesses so that the parent company is set up as a distinct and separate entity from the football club. That way, the SPL rules can't bite . Coach, horses and SPL rules. Do they actually pay money to lawyers to set these rules up ?

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If Nimmo-Smith is correct then every club is set up this way now. Hibernian Football Club (the club) is a different entity to The Hibernian Football Club Ltd (the company).

Dundee fan on P&B - Hibs and Dundee fans should combine to simultaneously run on the pitch on Saturday and get the game abandoned, this delaying the end of the season.



How brilliant would that be? :faf:

What ever happens over the next few days, it's a win, win situation.

Part of me wants to have the opportunity to "Do" them in every game possible :aok:

Chill, It's Win, win............ :agree:

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Originally Posted by Treadstone

I follow Jamie on the tweet machine and to be fair to the guy he seems to put his journalistic objectiveness ahead of his affiliations. I will give him the benefit of the doubt regarding his last few tweets.

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Yes, I agree.

I now have the very few Rangers fans I have on Facebook asking me what I know...

Seems they are as unhappy as us at how long this is taking and the SPL dragging their heels. Of course for different reasons completely :wink:

So if they are deducted points, its safe to say that we relegated Hearts!!

At Tynecastle.

We finished them as a club!

http://davidyoung.photoshelter.com/g...000YsAO5ZHV9HU



:faf :faf: