:agree:
FoH will find themselves trotted out when their is a community aspect to anything HoMFC do.
FoH could find themselves as footballs 'Lib Dems' - no chance of power on their own but catapulted to 'Kingmakers' by virtue of pledges.
Printable View
So FOH are basically their only option now? lol
http://www.youtube.com/watch?v=NZyVZFJGX5g
:greengrin
1st comment on that article sums it up.
I said all along that the Sevco “newco” route set a precedent for others to follow. In Hearts case they still need to find a corrupt administrator who will sell Tynecastle off on the cheap to the “newco” thereby not acting in the interest of the creditors as they are legally bound to do, but once again, since Duff & Phelps set a precedent to act out with the law, it is obvious other teams will follow suit. It could be argued Scotland is the most corrupt fraudulent football federation on the planet, but when teams fail to pay millions of pounds worth of bills and get away with it by merely declaring themselves a “newco” with the same name, badge, strip etc. Scotland’s football federation will be seen clearly in the eyes of the world for what they truly are.
It was never a goer from day 1 as they simply wouldn't have had the capital up front to make a bid.
Yesterday they announced they now had two sources of funds, pledge now etc.
From what's being said now it looks like these two sources are two of the other bids and they'll pick one.
So the FoH pledgers don't even know who they are getting into bed with and will have overall control of the club.
Transparency my ****, just more smoke and mirrors.
Not complaining mind.
Question: Why is 12th July being referred to as the glorious 12th? Is it because this is the deadline for bids for HoMoFC or has the grouse season been brought forward a month? :confused:
**** the hearts...
That is all
FOH say they are minded to reject the proposal from McKie to join forces and will instead use their other source of funding.
http://www.bbc.co.uk/sport/0/football/23194475
I don't know what the Planning Department would make of an application for development, but even if it's something they would work with I think it's what happens at the stage before any application is made that we should be looking at. My feeling is that (assuming a CVA doesn't work out) the odds are the future is Newcohmfc playing at Tynecastle.
Even if there was a developer with an interest in the site, there is no way they would be willing to stump up their full price until they got planning permission for their proposed development. Any offer they made to buy the place would therefore be pre-conditional on them getting planning, which naturally puts a question mark over whether there would ever be a final deal with that developer (even if (and again, I don't know) the proposed scheme is something the Planning Department would look at). If Newcohmfc was to offer a price not a million miles off that developer's figure then that might be more attractive as it (presumably) would have less strings attached.
Of course, all of this is based on there actually ever being an offer from an interested developer. There is no certainty of this whatsoever. What is absolutely certain just now is either that (1) there will be a CVA or (2) if not, there will be a Newcohmfc desperate to keep the team at Tynecastle. Both keep football at Tynecastle.
I'm not saying no developer will be interested. I just think it is far from a given that one coming on the scene would mean game over for Tynecastle.
Re Cala: I didn't follow this in detail at the time as it was obvious Vlad would not go with Murrayfield, but I would be beyond astounded if Cala would have handed over a price without first getting planning permission.
The £20.5M was with a ton of conditions attached relating to getting planning for a certain density of housing. I think that figure was right at the top end and it was generally assumed a few million would be knocked off by the time Hearts actually got any money.
FoH's (allegedly) independent valuations for Tiny were £5.6M in use as a football stadium, £6M as a development site.
@edinburghsport: We have learned that the consortium looking to buy Hearts, being led by Gordon McKie, will not now bid. More soon on http://t.co/4RQNn1YqDM
Thanks. I am totally comfortable that Cala's offer would have been conditional on getting planning first before it all happened. There's no way they would have offered a deal whereby they could have ended up massively out of pocket as landlords of a football stadium.
@edinburghsport: We have learned that the consortium looking to buy Hearts, being led by Gordon McKie, will not now bid. More soon on http://t.co/4RQNn1YqDM
All the places are starting to fall into... erm... apart.