I believe its worth very little due to the fact it sits next to the distillery and chemical plant and housing permision would not get granted.
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Easy Mikey.
Barry Anderson @BarryAnderson_823 Apr
@Elblondiso Shares won't be registered till AGM (date TBC). Then Companies House must be informed within 1 month by law.
Barry Anderson @BarryAnderson_84 May
New #Hearts shareholders will get certificates a few weeks after AGM on 23 May, according to #HMFC. Existing shareholders only at AGM.
Although he should be putting in some caveats after tweeting this and linking a story that turned out not to be accurate.
Barry Anderson @BarryAnderson_822 Apr
"@jj_bruce @BarryAnderson_8 When will the EEN be covering the Hearts share issue?" > http://bit.ly/YGDLMK
http://www.scotsman.com/edinburgh-ev...-agm-1-2849430
:agree:
Ralph Topping would not be drawn on whether the points deduction would be applied this season or next, he made no definitive statements. He did however say that they would revisit it once the matter progresses in lithuania.
Once again, after speaking to my source within Hampde, the SPL have not done anything to let hearts off or bottled this decision. Quite the opposite. As it stands UBIG have not officially suffered an insolvency event yet, it may be inevitable but that doesn't give the SPL any right to punish before it actually happens.
The SPL need to make sure their bums are covered because if they had have applied the 18 point deduction last friday, Hearts would have had it overturned in court with the greatest of ease. The SPL doesn't need that hassle because that brings with it the ever watchful eye of FIFA and after last years debacle with Rangers, it's better to be safe than sorry.
Was a minimum of £20.5M according to this, though it does say that it's subject to consent and had been valued at £16M: -
http://www.heartsfc.co.uk/articles/2...2241384_553846
Barry Anderson @BarryAnderson_821 Feb
#Hearts fans: I'm told share certificates will be posted out around mid-March (for those asking) #HMFC
Check the date!
Less than 9 years ago, Chris Robinson agreed to sell Tynecastle for £20.5m. See here.
How much is it worth today? I don't know how much property prices have fallen since then, but for FOH to suggest it's only worth £2m is ludicrous.
If it's being offered at that price maybe I should see my bank manager... :hmmm:
:wink:
edit - I foiund this cartoon from 2004
http://www.boylecartoon.co.uk/book/h...osama96184.jpg
If ever any more proof was needed that Barry just tweets and writes what he's told without questioning it. He's been lied to by Hearts which in turn has meant he's lied to his readers. He of course claimed yesterday he doesn't lie but I think this proves he does.
The deal they want is £2m with no debt.
It's bonkerstastic.
I think the main claim, which they're putting their hopes on, is that the land Tynecastle is on is not worth anything other than for football use. While the value may not be 20M any more, the mere fact that this was already offered for the land uder such 'non football use' kills that lie instantly.
Sorry guys, other people might want to bid for the land after all.
One half of Yams current two man board earning his keep.
http://www.dailyrecord.co.uk/sport/football/hearts-build-their-hopes-on-new-man-1013754
"The new director, Vitalijus Vasiliauskas, will manage the £51million project that includes the building of a..."
10,000 main stand http://officeimg.vo.msecnd.net/en-gb...A001117940.gif
hotel http://officeimg.vo.msecnd.net/en-gb...A001117940.gif
office space http://officeimg.vo.msecnd.net/en-gb...A001117940.gif
residential apartments. http://officeimg.vo.msecnd.net/en-gb...A001117940.gif
Job done then.
Given all the new housing in the area im not sure there is the demand for the new housing as such,that and the fact the prices have plummeted for land value and i very much doubt they would get permission to build anyway.
Reckon realistically its worth circa £5-6 million. Not sure how that would work with the 10 million that is secured against the stadium.
Its also in the blast zone which is related to the aforementioned neighbouring sites.
There are some outstanding moments in that article: -
The Scandinavians’ plan would be to offer a cash payment for the majority shareholding without any debt and become Hearts’ new owners, and they have between £5m and £10m available. “That valuation is not completely wrong,” said a source close to the consortium today.
“We have a strategy for how to get the shareholding. Whether it will work is another question. There is the possibility some of the shareholding could be transferred to Ukio Bankas. As far as we know, that transaction hasn’t happened yet so the shares are still formally owned by UBIG. Our strategy involves taking over a club which is free of debt to Ukio Bankas and UBIG. Obviously that is going to take some sort of cash payment to deal with the current debt. How big that cash payment will be is still an open question.
“What is very clear is that the consortium would not enter a deal where Ukio Bankas or UBIG would maintain any of the debt after a deal was done. If there is any debt left, it would not be to those parties. That part of it would need to be closed completely.
“We have not negotiated a price, we are not anywhere close to that yet. Probably not a lot is going to happen until the UBIG situation is resolved. We believe that once things get started we should be in a pretty good position. We think we know the full picture now. The administrators of both parties will have a say in this. There may also be other parties involved.”
The consortium would be able to move “within days” once the picture relating to UBIG becomes clearer. “They wouldn’t take the bother to do all this work for nothing but a decision has not been made. They will walk away if something happens to change the business completely,” said the source.
“They are still investigating whether this could be a profitable business. Once the UBIG situation becomes clear, we would have initial talks to get a feel for what offer should be placed. They could move within days to close negotiations once they decide to make an offer, but we have not reached that point yet. These people are Hearts fans from the outset but they are also businessmen looking to do a good deal. They are not looking to throw their money away.”
Of the group, the four Norwegians have studied in Edinburgh and consider themselves active supporters of Hearts. The youngest member of the consortium is said to be “around 40”, with the oldest in his 60s.
Meanwhile, Hearts manager Gary Locke has held talks with former team-mate David Weir about becoming the club’s new assistant manager. Weir, a youth coach at Everton, is in contention to replace David Moyes at Goodison Park but would consider returning to Tynecastle under Locke.
Of the group, the four Norwegians have studied in Edinburgh and consider themselves active supporters of Hearts. The youngest member of the consortium is said to be “around 40”, with the oldest in his 60s.
Top class journalism as ever.
Is the youngest member a 'The Stig from Top Gear' type of person? 'he's said to be around 40 years old, loves Hearts and some say he can milk money out of his nipples and waste it on whatever he wants.....all we know is Barry Andersons a welt".
Sorry, but what has happened between September 2004 and now that has reduced the value of the land to a quarter of it's previous price?
Has your house dropped by 75%?
The demand for new housing has never been greater, particularly affordable property. The population of Edinburgh, Scotland and the UK is increasing year on year.
Blast zone? What blast zone and wasn't it there 8 years ago?