Quote:
Originally Posted by eggbamyasi
I think it will be the UBIG shares they are waiting on, but they must be pretty confident or Budge will be peeved.
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Quote:
Originally Posted by eggbamyasi
I think it will be the UBIG shares they are waiting on, but they must be pretty confident or Budge will be peeved.
Any reason why season tickets aren't on sale yet? as I'm sure they sold 3000 in admin last season after the begging bowl was passed around
If that's the case, it won't be far off being the start of next season before they're out of admin. I presume while in admin they've still got a transfer ban, and if they were to start the next season having not exited admin, would they then be in a position where they should be docked points again?Quote:
Originally Posted by vince1973
They probably won't until they are out of admin.Quote:
Originally Posted by Gmack7
[QUOTE=calumhibee1;4021816]If that's the case, it won't be far off being the start of next season before they're out of admin. I presume while in admin they've still got a transfer ban, and if they were to start the next season having not exited admin, would they then be in a position where they should be docked points again?[/QUOTE]
Yup and yup.
The longer they wait before selling season tickets, the less they will sell. People will find other uses for the cash over the summer and they have no payment plan option.
[QUOTE=CropleyWasGod;4021822]That would be hilarious.Quote:
Originally Posted by calumhibee1
Waiting on shares well I never.Quote:
Originally Posted by greenginger
The difference last year was that season tickets were o sale when they went into Administration so BJ just kept selling them and said they needed another 3,000 sold to survive that summer.Quote:
Originally Posted by Gmack7
Whilst in Administration they cannot register any players so if they are not out of Administration by late June they are going to be ..... strugglinQuote:
Originally Posted by calumhibee1
[QUOTE=Weststandwanab;4021982]Waiting on shares well I never.
Now that Budge has clear off the Ukio Bankas floating charge on the Yam assets would it not be hilarious if Vlad's niece turns up with a document showing the 49.47% shares had been transferred to her Quantum Holdings Group just before the assets were frozen.
And, she wants substantially more than the £ 100,000 UBIG were prepared to accept. :greengrin
[QUOTE=greenginger;4022039]Now that would be funny !Quote:
Originally Posted by Weststandwanab
Chances are if the charge has been been satisfied that the shares will be delivered but there is just a chance there may be a hiccup.
I would not be surprised if they are waiting till Monday to keep us of the back page.
Does anyone know categorically if Hearts are not allowed to sign players while still in Administration?
I've read people say it a few times but would like to know for definite one way or the other.
A reference to the specific rule would be nice, instead of the usual speculation and 'trust me, I know what I'm talking about' :wink:
It's no exactly what you're looking for but I'm almost certain that they can sign anyone they like(within reason) but they can't register them with spfl.Quote:
Originally Posted by keekaboo
In essence, there is no difference.Quote:
Originally Posted by wazoo1875
If they "sign" (ie employ) players, they have to pay them. They don't have the money to do that whilst they are in admin. And why would they employ players when they're not playing them?
They definitely can't register them, which means they can't play them.
Aye true enough!! But it's hearts we're talking about here ;-DQuote:
Originally Posted by CropleyWasGod
http://spfl.co.uk/docs/067_324__ther...1375800603.pdfQuote:
Originally Posted by keekaboo
Here it is, the SPFL rule book straight from the horses mouth!
where a Club has taken, suffered or has been subject to an Insolvency Event or Events or a Group Undertaking of a Club has taken, suffered or has been subject to an Insolvency Event or Events and the Board has determined that Rule E6 shall apply, that Club shall not be entitled or permitted to register any Player with the League and the League shall not register such a Player until the Board is satisfied that such Insolvency Event or events shall no longer continue or subsistQuote:
Originally Posted by Mathias Jack
Have the got the ability to accept credit/debit card payments yet?
Quote:
Originally Posted by Hibby70
No:tbgwa:
So, they could sign, but can't register them? Is that how it may pan out.....Quote:
Originally Posted by CropleyWasGod
But why would they?Quote:
Originally Posted by LeithenHibby
If they sign them, they would have to pay them, at a time when they don't have the cash to pay them, and when there's no income.
The likelihood is that they will do a Sevco, and get players lined up on promises.... to be signed and registered the moment they are allowed to.
We've got print at home whilst they'll have jam jar exchange and raffle ticket stubs.
Quote:
Originally Posted by Mathias Jack
Quote:
Originally Posted by CropleyWasGod
Thanks Guys
:thumbsup:
A few new documents posted on Companies House web site.
HOMFC ( in Administration ) granting Standard Security over everything at the PBS to Budge's Bidco and a Floating Charge in favour of Foundation of Hearts.
The documents describe Heart of Midlothian plc ( in administration ) as " the borrower ".
What happened to the bit about companies in administration being unable to create new creditors ?
Is Jackson playing fast and loose with the rules again ?
:agree:Quote:
Originally Posted by CropleyWasGod
It could be done though, IF, they find the money :na na:
Quote:
Originally Posted by greenginger
As I understand it, the loan will be drawn down once they are out of admin.
Quote:
Originally Posted by CropleyWasGod
Then the loan will be from HOMFC not HOMFC ( in administration ) so there was not much point in recording the FoH floating charge if its not going to be used.
Fair enough Budge's security ,she has paid off the Ukio Bankas security and is entitled to some security of her own.
Looking at the FoH MR01 Form recording their floating charge, it has not been signed by anyone from the Foundation, just a blank box and the Solicitor's cross indicating where it should have been signed.
Could be some fun if the Foundation ever take control. :greengrin
Although the originally highlighted portion does state that the 'league shall not register such a player', the next part is the most important to me - 'until the Board is satisfied that such Insolvency Event or events shall no longer continue or subsist". To me that means that it is the Board of the SPFL's interpretation that counts, not necessarily the legal status of the entity. HOMFC could have shown enough proof to the Board that they will exit Administration that the Board are satisfied enough to allow registration to take place.Quote:
Originally Posted by CropleyWasGod
That's the way I see it too, although I'm surprised they haven't made the marquee signings their dans are expecting up until now if that's the case. I would have imagined that they would gave wanted to counter all the bad news regarding Locke and the senior players with something positive at the earliest opportunity.Quote:
Originally Posted by HibeesLA
But they've got Stevie Crawford. Surely that'll keep them happy.Quote:
Originally Posted by RIP Bestie
The deals could all be in place and paperwork just waiting to be rubber stamped .it will be in one of those memorandums of understanding ,and it seems to me people have been very understanding when it comes to hear7s situation .yet very quick to rubbish us and expose our failings .Quote:
Originally Posted by RIP Bestie
They do appear not to be making announcements now for the sake of it ,they wait until something is done and dusted and then announce it so maybe now budge is in control she wants it that way
Re this and the subsequent posts, do they not have the 'one out one in' concession which, with their usual sense of entitlement, they took to be an absolute right in January? They've binned a whole bunch of players, so surely they could invoke that to sign new ones.Quote:
Originally Posted by keekaboo
Either they've downsized and want to avoid promotion next season or they'll announce new signings in a lump to promote ST sales.
I've got a hibs top from when I was younger with crawford on the back, I will performing a ceremonial burning later today.Quote:
Originally Posted by Geo_1875
Surprised its taken you this long. :greengrinQuote:
Originally Posted by lord bunberry
Barry saying they want Gomis http://www.edinburghnews.scotsman.co...egor-1-3421549
but where are the world cup stars ?.
At the World Cup :dunno: :greengrinQuote:
Originally Posted by greenpaper55
That'll be it then... Waiting to see who shines so they can move in and cherry pickQuote:
Originally Posted by s2hart
Who could refuse the lure of joining such a famous club?
:greengrin
Aye, some of these South Americans think they are coming to play Champions League football, instead it's the Championship, a bit of a translation mix up :greengrinQuote:
Originally Posted by surreyhibbie
This is the rule you mean:-Quote:
Originally Posted by Caversham Green
Where the term of a Player’s contract of service with his Club has expired and
such contract has not been renewed or extended or such a contract has
terminated with the mutual consent in writing of the Club and the Player
concerned and, in either case, the Registration of such Player with the
League in terms of the player Registration, Transfer and Contract
Regulations has been cancelled and a replacement Player is sought to be
registered to replace the Player whose contract has so expired or been
terminated;
The first anniversary of their shame looms. When was it...June 17th, 19th? Maybe we could organize a reminder of all the organizations, businesses and individuals they've stiffed to accomplish the assumed 'Free of debt' status they are celebrating. Something along the lines of the 'Hector' avatar on the thread to celebrate their special day
To be fair, on JKB they are acknowledging that they won't be debt-free.Quote:
Originally Posted by Jack Hackett
They may do but remember the trouble they had around January claiming players they told to bolt last summer could count as one out one in only to be told that's not quite the way it works.Quote:
Originally Posted by Caversham Green
Maybe someone remembers the detail?
Quote:
Originally Posted by Caversham Green
So Nade IS returning after all?
:greengrin
June 18, fittingly the anniversary of Waterloo! The Yams probably won that war as well.:wink:Quote:
Originally Posted by Jack Hackett
to be fair, I think those are the type of players we should expect for next season. not sure about the goalie, but he has played in internationalsQuote:
Originally Posted by greenpaper55
Says I'n article Gomis brought to Dundee Utd by Levein.
This has Levein's appointment written all over it and nothing to do with their new yes man(ager).
GGTTH
At last it becomes clear why Yaya's not committing himself to Manchester C or anyone else until after the Worldcup.Quote:
Originally Posted by surreyhibbie
Said as much earlier today. Hearts have another puppet manager.Quote:
Originally Posted by southern hibby
I think it was the Levin reign at Tannadice that just about bankrupted the Thomson family.
Better watch your pennies Mrs Budge ! :greengrin
As I posted when he was appointed, Levein's only been "successful" when he's spent outwith his clubs' means.Quote:
Originally Posted by greenginger
I saw Budge in Clintons cards the other day.Quote:
Originally Posted by lapsedhibee
Seen this today, Just incase anyone's interested:
http://www.dailyrecord.co.uk/busines...adimir-4024044