In the best traditions of Bob Woodward and Carl Bernstein you are truly a seeker of truth and justice and your investigative work on this delicate matter will be celebrated by future generations...keep up the good work.
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Thanks for those kind words, but I've been thinking ( dangerous I know )
If it turns out there are big numbers in the sum HOMFC are due the Council are we better demanding the Council make them pay it or, should we look for the Council to cut us a similar deal by giving us a rates holiday.
Bit of a quandary ! :confused:
Since when did the Yams play 4-3-3 :faf:
WTF, Tattie -heid scouring the UK for a striker :faf:
http://www.scotsman.com/edinburgh-ev...tion-1-2680737
****ing scandalous that they are looking to sign players while not paying their current players.
Now their £2m share target is reduced to £1m, they're making it up as they go along.......
Also more fantasyland stuff from Foundation of Hearts.
http://www.scotsman.com/sport/footba...fans-1-2681676
Sould have no problem attracting a top striker assuming the transfer embargo is lifted - all he has to do is offer twice the salary of every other club in the league then not pay it, simple really. All top players will jump at the chance not to get paid. And it must be a great place to go on loan, not knowing if they are going to be there next week.
If I were Fester I would pick myself up front then I could get not paid for 2 jobs.
I work for a Cooncil, and FOI is a pain.
It takes a fair few man hours to gather the information, which then has to be checked by Legal to ensure there is no Data Protection issues. This is all standard practice. There are occassions when the cost of gathering the information is so high that it can be stopped on the grounds of costs, but the fact the case officer has said the info is at the legal stage means it has been gathered.
The only reason for not releasing the info would be for Data Protection and I can't imagine there will be any personal details in this, so just be patient, and phone at 09:05 on Monday. :wink:
Hope the FOI request comes through but I suspect Data Protection will scupper it. If the request is about an indiivual Business then that may be enough for the Legal Team to say no.
The problem with your theory, although entirely possible in Vlad'sVorld, is that they have an ever-decreasing pot of money. From that pot, they need to find December's wages AND the deferred wages from November. On top of that (effectively two month's wages), they then have to find the related PAYE in January, which of course will be almost twice the normal.
What's the betting they will hold off and sign skatchel?...****s
re FOI requests, they're required by law to provide the information you seek. the only details they can't release are bank account detials, personal data etc.
but the kind of info your after is definitely viewable. get onto them!
nah, the big nosed, bar lady will stay with the Hun Haters.
The charity tin's being rattled once more, with Serge pleading for another £250k from the fans and now saying that £1 million is a more realistic target than their £1.79 million original target. Must be obvious now that they will get nowhere near the amount they need, so what will be the consequences??
http://www.scotsman.com/sport/footba...fans-1-2681676
Hearts ask for £250,000 more from fans
HEARTS have again warned supporters that the club faces “consequences” if they fail to hit their £1.79 million share issue scheme by the 19 December deadline. With only £750,000 generated so far, director Sergejus Fedotovas has admitted that £1 million is now a more realistic figure.
Fedotovas said: “It is a great effort to bring in £750,000 and the fans should be proud of the achievement. But, as I have stated on a number of occasions, we are still well short of reaching the target which was set at the launch of the share issue. There will be consequences if we fail to hit that target and I would ask anyone who hasn’t participated in the scheme yet, to do so. We have to look at reaching £1m now. I think [this target] is one that is realistic and achievable.”
Meanwhile, the Foundation of Hearts will today step up its efforts to piece together a viable takeover bid for Hearts when it calls on fans to pledge money for the future running of the club.
The fan-led consortium, which claims to remain in “positive dialogue” with the Hearts hierarchy, has produced 20,000 leaflets to be distributed before this afternoon’s match with Aberdeen at Tynecastle as it seeks the financial backing needed to progress its plans. Already, around 3,000 supporters have promised cash, with the Foundation asking for regular monthly contributions from members should its buy-out succeed.
It has stressed that it is not asking for money at this point, rather a commitment, in a range of £10 to £100 per month, to help fund the club in future. The cash would “provide working capital for the running of the club” and, before any request for contributions are sought, full financial information will be provided to those who make pledges.
I believe you're spot on. Yams were charged under rule A6.21, only introduced in July therefore per SPL Yams previous indiscretions could not be taken into a/c. Nowhere in that rule or the accompanying sub sections 2 & 3 does it mention contract amendments, deferrals or players' agreement. Incidentally since July, further sections, up to A6.33 have been added re clubs defaulting on PAYE/VAT to HMRC. It could be strongly argued Yams have broke those rules also & continue to be in breach by their current delay in payment. I intend to write to SPL asking if they are in breach of their own regulations. Perhaps someone smarter than me could download those rules & regs. Here's the link.
http://www.scotprem.com/content/medi...BER%202012.pdf
Here is my attempt at deciphering SPL speak .
Page 17 A6.24 Paye and Nic must be paid within 28 days of date due or SPL must be informed within 2 days.
Late payments subject to a " time to pay agreement " with HMRC are not considered late if the payments are up to date in terms of the agreement.
So, the 1.5 million tax case money is not relevant, at least until May.
The £ 450,000 for late payments Sept, August was relevant but has now been paid.Was the SPL informed and do they ignore these indiscretions because payment has now been made ?
October's Paye and Nic due 22nd November would become relevant if not already paid, or paid before 22nd December.
The Yams could be allowed to sign players come January if the SPL wants to take a soft line with them and nobody is screaming about not being paid.
http://www.nasdaqomxbaltic.com/marke...period=6months
au contraire mon capitan! It looks ******g awful :greengrin
Caught a bit of the Killie match and I'm sure the commentator, whilst again banging on about Celtc in Europe, said that all SPL teams will get £250k because of their progress.
The classic yam approach.
Why take action when one may instead write a strongly worded pamphlet or open letter on the subject
Yep, pretty much fits with my interpretation also in that as you say there's a case that they've already defaulted. As I previously posted I believe SPL are terrified that another big club will go down the toilet & they'll bend over backwards to get Hawrts at least through this season.
I'd seen it before - I think Sergey posted a link on the PM board on that thread :wink:
Wasnt at all surprised to see the share price is still following the same trend though:greengrin
I still have more faith in the british banks than that lot. They really, really are in the sticky brown stuff and just don't have a clue :thumbsup:
http://www.scotsman.com/edinburgh-ev...arts-1-2683400
Vlad speaks
:wtf:Quote:
Do you think that a missed payment for one month of tax is sufficient reason to put the club into administration or liquidation? There is an obvious answer. We have our income and we were able to demonstrate to HMRC that we have sufficient income to cover that liability. So the threats were really a draconic measure
It would be draconic but for the fact that they have been repeatedly late payers. HMRC have had to use court petitions (presumably at some public cost) to force them to pay up.
It's a bit like the little boy who cried wolf. Hearts have been taking advantage of the patience of their creditors, paying up at the last possible moment. How were HMRC supposed to know that this time they were genuinely toiling for cash, as opposed to just Vlad mucking them around?
Loft ;) in translation ?
... "We know the people who have invested so far are simple fans."
From http://m.scotsman.com/sport/football...anov-1-2683157
"Romanov also went on to discuss he struggle with the media, football authorities and HMRC, which he suggested had unfairly treated him"
All that's missing from that is a comma and the following words - but we'd lost will to live by that point so made our excuses and left.
Friday is pay day again at the PBS. Will last months 'deferred' wages have to be paid before then?
If all wages are not up to date by Monday, will the SPL act this time?
Next week has the potential for much amusement.
Whatever the outcome of this months wage fiasco is I'm sure they will get away with what ever they want to...they always do..
The embargo will be lifted 'unless they have problems paying this month's wages on time.' It doesn't say, however, whether another deferral would be given another blind eye. I suspect another deferral will be accepted by the SPL and the SPFA and they will be signing players in the January window. I don't think Salmond has yet announced to the Scottish Parliament what he has decided. :-)
I've heard from more than one person that the players are looking to be paid up in full on the 16th and not just get December's pay. Dream on boys :greengrin
The 16th is a Sunday so presumably pay day is actually Friday 14th.
In other news, Mrs Stevenson is apparently doing her dinger about it :thumbsup:
There may not be a new tattoo in Ryan's stocking this year!
It seems that Serge is confident that Hearts will have the wages paid in time this month so that they can sign players in January. Although no mention if this will include both November & December salaries.
http://www.scotsman.com/sport/footba...time-1-2685331
Hearts director says players will be paid on time
HEARTS director Sergejus Fedotovas is confident that the club will pay players’ wages on time this month. Provided salaries are processed by the due date of December 16, Hearts will have their transfer embargo lifted and be free to sign players during January’s transfer window.
Players and coaches are due to receive their pay this weekend after agreeing to defer last month’s salaries. Those have been paid up to date so far and Hearts predict no problems processing this month’s payments on time after more than £1million poured into Gorgie in the last month. “I am confident we will pay the wages on time. We are working towards that and I don’t foresee any problems,” Fedotovas told the Evening News.
Hearts are operating under a transfer embargo imposed by the Scottish Premier League until December 23. The sanction was imposed as punishment for paying players late in October, and the SPL today pledged to lift the embargo if this month’s salaries arrive as scheduled. “Assuming there are no further breaches of the rules, then the transfer embargo will be automatically removed on December 23 and the club will be free to sign players thereafter,” said an SPL spokesperson.
Hearts fans have generated over £700,000 of income for the club through a share issue, which runs until December 19. A £300,000 instalment arrived from Rangers at the end of last month as part of David Templeton’s transfer deal. Those monies are being used to help make up a shortfall in income estimated at around £2 million.
Plans are already in place to recruit new players in January, with the Lithuanian international striker Arturas Rimkevicius expected to train with the Hearts first team at Riccarton today. He scored 41 goals in 38 games in all competitions this year and is seen as a possible solution to the club’s goalscoring problems.
Pretty good going for them - so long as they pay the players they currently have at the club they can play all the players they sign for free until the end of the season!
Because make no mistake, that is exactly what they'll do. ****ing pathetic.
According to a learned friend, Romanov cannot go back to the mugs with another share issue for 12 months from the closure of this one. Anyone confirm or deny this?
If so that will really screw up their cash flow as they will have to rely on face painting and cakes for the players wages.
No worries on that score. They'll just start pre selling next seasons books in February (Cash only please, no Cheques or Credit Cards), with a 'Save your club, or else' premium added to the price. :greengrin
.....I'm actually surprised they haven't offered their 'simple' fans a photo opportunity with the cup, as they did with the schools. Signed by the participating players...Oh, wait a minute...that would be short a few sigs by now....even fewer next month :greengrin
The Lithuanian has started training with the Jambos with a view to signing when the embargo is lifted. Feditovas says he is confident the players will be paid on time. "we are working on it.". Given that the money has effectively to be up front by the weekend they are sailing close to wind if he can't say categorically ' the money is there and WILL be paid on time.
I wonder if its the fans money which will be settling the players' wages?
Absolutely jaw-droppingly unbelievable that there is even any suggestion of them signing new players in January.
imagine fans having to pay extra for players salaries :greengrin do the players not feel embarrassed relying on joe public to directly pay their wages :confused:
I'm pretty sure I voted drop Hertz down to a lower league in the poll. How do I change it to not exist anymore because I've had enough of them?
The facts?
They needed 2m to make it through to the end of the seaon?
They have raised 700k through shares, extra gate receipts, cake sales etc.?
Fedidooda warned that unless they made the magical 2m then players would be sold in January to make up the shortfall?
I really don't understand how they are even in a position to even consider signing players when it is clear they need to sell to make it through to the end of the season?
So what happens if they refuse to sell anyone, then beg for more money?
I don't think the Templeton money can be considered in their fundraising as they had planned for that already. The £2m they needed to raise was over and above that afaik.
It's looking more and more like their fans have been taken for a ride with this whole thing.
http://www.scotsman.com/scotland-on-sunday/webchats
Theres been a webchat hosted by Moira Gordon on the go since 12.00 and there's only been about 5 punters on.
And all seem to appreciate they are donald ducked. One bloke has bought/gifted £2k for "shares".
I think it's fair to say that we can expect more nonsense from Tynecastle as the 19th approaches :agree:
As long as there is a chance to screw the fans for more cash then that will be the way they go :rolleyes:
Shocking, if they had anything about them the Yammish would cut out the middle men here and give the cakes directly to the players. Have they no organisation or leadership? Doing it this way means nothing can be creamed off the top by the Liths :greengrin
Mind you who knows what they use as cake topping down Gorgie way.
http://www.express.co.uk/posts/view/...-in-wages-fury
Quote:
HEARTS players will warn the Tynecastle hierarchy they won’t be so accommodating in taking future wage deferrals if the club go out and add to their wage bill in January.
Their fans biggest problem is the fact the 2 million hasn't been broken down.
Does it contain future planned income e.g. Templeton cash.
Has it been reforecast following the Scottish Cup draw against us?
Was it based on them finishing in a certain position in the league e.g. top 6? Remember there is about 80k per place up for grabs and larger attendance against Celtic (at least).
Is the 2 million based on keeping all players on existing contracts til the end of the season?
etc etc etc
I suspect they'll be offering this guy 1k a week (25-30 grand til the end of the season) or so and if he can score the goals that put them 1 or 2 positions up the league it will be a great investment for them. The player will be up for it to get a more lucrative move. That would be my interpretation anyway.
http://www.heartsfc.co.uk/articles/2...241384_3007686
Shame on the 396,800 fans who haven't applied for the share offer! :greengrin
Average of 250 quid each which is pretty decent to be honest.
However, if 400,000 of them averaged out at 250 they'd have raised 100,000,000. That would be the 50 million for Romanov and 50 million towards the super dome. Then all they'd need to do is raise anoter 2 million via bake sales to add to the 50 for the stadium to complete it (it was 52 million wasn't it?!).
:faf:
So the Jambos have 8,500 season tickets according to Fedetovas. (We have 8,000+)
How can that be when their fans keep banging on about how much more ST holders they have than us? :confused:
Are they really a big team? :dunno:
Quite a big chunk of their support didn't renew ST (despite winning the cup) because of the shambles they made of their pricing offer. That's part of the reason why they have such a big cash flow issue. It also explains why Fedotovas is concerned about the gap between the derby and their following home game. The money they've raised will probably cover the current bills, but then there will be four weeks without much cash coming in.
Insisting the club would not go under, Romanov said: “I don’t think that I would allow that to happen. Do you think that a missed payment for one month of tax is sufficient reason to put the club into liquidation?
“We were able to demonstrate to HMRC that we have sufficient income to cover that liability, so the threats were really a draconic measure.”
A quote from a post on KB, which has the deluded ones creaming themselves over Romanov yet again. By Mad Vlad's reckoning, HOMFC's misdemeanors are simply "a missed payment for one month of tax."
They are absolutely shameless- holding a gun to the heads of their fans.
Oooo ma sides!!!!!!!