Share Transfers Agreed/Cooling off period

Quote:

---

Originally Posted by degenerated

The foundation have recorded a song now in their bid to create history. I hope its as good as the Marshall's chunky chickens champions one from the 80's.
https://twitter.com/the_foh/status/382204516440866816

---

Is 90s music icon cicero involved?

Quote:

---

Originally Posted by lord bunberry

Is 90s music icon cicero involved?

---

I really, really hope so!

Quote:

---

Originally Posted by Peevemor

I really, really hope so!

---

People shouldnae mock such talent :agree:


http://www.youtube.com/watch?v=hcrGnFjRXrs















sorry about that :faf: :faf:

Quote:

---

Originally Posted by AndyM_1875

A short term rental agreement with Livingston or maybe using Meadowbank with their chums on the Council charging them the square root of nowt for it's use by their pet team.
And the cost of bringing Meadowbank up to standard to host 4th tier Scottish Football games is being met by YOU, the Council Taxpayers of Edinburgh.

Meadowbank will then be sold for development and the money raised will be used to build a new Council Stadium (shall we call it New Tynecastle?) in the West of the City with that lot as primary tenants.

Sorry for my cynicism.

---

If FOH buy the club, they will not be 4th tier. At worst, they would be 2nd tier.

Quote:

---

Originally Posted by CropleyWasGod

If FOH buy the club, they will not be 4th tier. At worst, they would be 2nd tier.

---

Which is why they must be eliminated, 'mon the the Liths, pull the plug.

What is the punishment if they start next season still in admin?

Quote:

---

Originally Posted by 007 Mickey Weir

What is the punishment if they start next season still in admin?

---

A poin deduction and a fine(I think:confused:)
Oh and a transfer embargo.

Quote:

---

Originally Posted by 007 Mickey Weir

What is the punishment if they start next season still in admin?

---

Not sure there is one, or even why there should be one. It's a penalty for effectively defaulting on debts, and making scottish fitba look bad.

All the time they're in admin, they're obliged to meet and pay all new debts. So if they're still in admin next season, they haven't done anything more to besmirch scottish fitba'. Apart from exist.

Quote:

---

Originally Posted by clerriehibs

Not sure there is one, or even why there should be one. It's a penalty for effectively defaulting on debts, and making scottish fitba look bad.

All the time they're in admin, they're obliged to meet and pay all new debts. So if they're still in admin next season, they haven't done anything more to besmirch scottish fitba'. Apart from exist.

---

As I read this, it's a further 15 points:-

Where an Insolvency Event or in the event that such Insolvency Event is part of an Insolvency Process that process, continues and/or is subsisting during a second or later Season then, for each such second or later Season, during the whole or part of which such Insolvency Event or Insolvency Process is continuing and/or subsisting, the Club concerned shall be deducted 15 points and shall start each such second or later Season in the relevant Division on minus 15 points.

Quote:

---

Originally Posted by clerriehibs

Not sure there is one, or even why there should be one. It's a penalty for effectively defaulting on debts, and making scottish fitba look bad.

All the time they're in admin, they're obliged to meet and pay all new debts. So if they're still in admin next season, they haven't done anything more to besmirch scottish fitba'. Apart from exist.

---

So they can't be punished for existing? Seems wrong.

Is there any real need by Lithuanian administrators and Lithuanian Govt for a quick sale of Tynecastle and land? Would they not get best return by liquidating, shutting stadium and basically sitting on it until land prices inevitably rise and then sell in an auction to highest bidder.

Quote:

---

Originally Posted by clerriehibs

Not sure there is one, or even why there should be one. It's a penalty for effectively defaulting on debts, and making scottish fitba look bad.

All the time they're in admin, they're obliged to meet and pay all new debts. So if they're still in admin next season, they haven't done anything more to besmirch scottish fitba'. Apart from exist.

---

I'm sure if you carry admin into a new season,then points are docked again.
They would still have a transfer embargo as that would only be lifted once they exit admin.

Quote:

---

Originally Posted by CropleyWasGod

As I read this, it's a further 15 points:-

Where an Insolvency Event or in the event that such Insolvency Event is part of an Insolvency Process that process, continues and/or is subsisting during a second or later Season then, for each such second or later Season, during the whole or part of which such Insolvency Event or Insolvency Process is continuing and/or subsisting, the Club concerned shall be deducted 15 points and shall start each such second or later Season in the relevant Division on minus 15 points.

---

I'm so happy to have my assumption proven wrong.

Quote:

---

Originally Posted by CropleyWasGod

If FOH buy the club, they will not be 4th tier. At worst, they would be 2nd tier.

---

My scenario assumes a rejected CVA & liquidation and Newco.

HoMFC are a laughing stock. :aok:

Quote:

---

Originally Posted by AndyM_1875

My scenario assumes a rejected CVA & liquidation and Newco.

---

Okay. I was reading your post as a reply to the one that suggested FOH could buy the club. :agree:

To any of the guys with Lithuanian contacts,
How soon will we hear about UBIGs assets,I'm chomping at the bit :greengrin

Quote:

---

Originally Posted by MB62

I just get the feeling they are happy to plod along indefinitely in Admin and as long as nobody rocks the boat any further, they'll just to try to see the season out in admin then worry about next season when it comes.

---

In the unlikely event that they manage to get through this entire season in administration, 15 points

:greengrin

Quote:

---

Originally Posted by AndyM_1875

My scenario assumes a rejected CVA & liquidation and Newco.

---

Quote:

---

Originally Posted by CropleyWasGod

Okay. I was reading your post as a reply to the one that suggested FOH could buy the club. :agree:

---

I reckon if they become a newco they will be lucky to get into the Lowland league. The precedent set by Sevco was to enter at the lowest tier which is what the Lowland, along with the Highland league, will be next season.

Quote:

---

Originally Posted by Glesgahibby

To any of the guys with Lithuanian contacts,
How soon will we hear about UBIGs assets,I'm chomping at the bit :greengrin

---

I think they are waiting for a certain Mr Romanov to come back to Lithuania and defend himself in Court.

The man has not been well don't you know !

Quote:

---

Originally Posted by Glesgahibby

To any of the guys with Lithuanian contacts,
How soon will we hear about UBIGs assets,I'm chomping at the bit :greengrin

---

Courtesy of the the Evening news

http://www.edinburghnews.scotsman.co...-run-1-3108324


BDO are still awaiting an announcement from Lithuania on who will be administrators for Ukio Bankas Investment Group (UBIG), who hold 50 per cent of shares in Hearts.

A court date has been announced for September 27, although it could then take a further three weeks for a final decision to be made by a judge.

But why is there no mention of the shares being frozen? Does this mean that the court process will automatically mean they are unfrozen? :confused:

Quote:

---

Originally Posted by lord bunberry

Is 90s music icon cicero involved?

---

In the jambos case that would be pissero rather than cicero :greengrin

Quote:

---

Originally Posted by Pedantic_Hibee

HoMFC are a laughing stock. :aok:

---

With all that laughing stock they should be making funny soup instead of cakes.

Quote:

---

Originally Posted by ronaldo7

Courtesy of the the Evening news

http://www.edinburghnews.scotsman.co...-run-1-3108324


BDO are still awaiting an announcement from Lithuania on who will be administrators for Ukio Bankas Investment Group (UBIG), who hold 50 per cent of shares in Hearts.

A court date has been announced for September 27, although it could then take a further three weeks for a final decision to be made by a judge.

---

Another fine article by Banderson. He is such a talent:

Event: Hearts administrator Brian Jackson loses the plot with reporter Barry Anderson yet again for not having the slightest clue about how the finances of a football club operate, despite being paid to cover the game.

Barry: "Although he acknowledged that Hearts’ priority is surviving in the Scottish Premiership following the 15-point deduction for entering administration, Jackson explained why a cup run is also vital."

Quote:

---

Originally Posted by JollyGreenGiant

But why is there no mention of the shares being frozen? Does this mean that the court process will automatically mean they are unfrozen? :confused:

---

Doesn't mean that at all. It will, though, make things slightly easier for BDO in that they will know who they can talk to about the shares.

Must be so painful being a jambo
Not knowing where the next loaf of bread is coming from.

Quote:

---

Originally Posted by Hiberniankb

Must be so painful being a jambo
Not knowing where the next loaf of bread is coming from.

---

Let them eat cake

Quote:

---

Originally Posted by Jack Hackett

Let them eat cake

---

Or humble pie:greengrin minus the sugar

Quote:

---

Originally Posted by oldbiker

Or humble pie:greengrin minus the sugar

---

That is one thing that those shameless *******s will never eat.