Share Transfers Agreed/Cooling off period

**Thecat23** · 02-11-2012 10:25 AM

Wonder what fatty Foulkes is saying these days. I hope he's suffering big time the fat jakey that he is. Telling the fans how wonderful Vlad is. Get that right up the lot of them that believed him. Tossers!!!

***Ozyhibby*** · 02-11-2012 11:22 AM

http://www.heartsfc.co.uk/articles/2...2241384_730590

George Foulkes knows a good thing when he sees it.

**Treadstone** · 02-11-2012 11:49 AM

Originally Posted by Phil MaGlass

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One of my best ever ever days as a Hibs supporter, when they lost the league on the last day of the season, after the Hibs game and their loss I went up toon like every single Hibs supporter did and remember being in a westend bar when a Hibs fan walked in with a hertz t-shirt that were supposed to be sold to yamboloids which said League winners on it but the guys selling them had then stamped a big CANCELLED over it and resold them to Hibs fans.
They then went onto lose the cup, whit a great couple o´ weekends that was.

So is there a good chance that hertz will go into administration in February after the players are sold in January and he pockets the dosh from them and the fans?

I laughed so hard a wee bit of pee came oot !

***Mikey*** · 02-11-2012 11:54 AM

Anyone lining up to bail them out had better have deep, deep pockets.

**Fat Penlon** · 02-11-2012 12:02 PM

Originally Posted by Mikey

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Anyone lining up to bail them out had better have deep, deep pockets.

have u heard anything specific?

**Treadstone** · 02-11-2012 12:03 PM

At 4:25 he talks about the stadium , sounds like its falling apart on an hourly basis .

***Seveno*** · 02-11-2012 12:05 PM

Does anyone know for sure wo actually owns the PBS ? Some time ago, someone posted that the ownership had been transferred to a Swiss company whose Directors or shareholders were mainly the Romanov family.

***Mikey*** · 02-11-2012 12:08 PM

Originally Posted by JohnHughes

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have u heard anything specific?

Nope, although the rumours about them being bailed out by a consortium of some sort are gathering pace. Probably more down to hope (for them) than anything else.

**ScottB** · 02-11-2012 12:15 PM

Originally Posted by Mikey

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Nope, although the rumours about them being bailed out by a consortium of some sort are gathering pace. Probably more down to hope (for them) than anything else.

We've heard that a few times before...

Thing is, at the moment they are nowhere enar breaking even, even hacking the playing squad to bits they still wouldn't. I assume their largest non wage related cost is paying UBIG off. Bit in this scenario they'd just be switching a debt payment for a sizeable rent payment instead.

How viable would Hearts be even in that scenario? I can't envisage a profitably run Hearts in anything but a newco situation, the current club just seems utterly incapable of doing that for decades now!

**Fat Penlon** · 02-11-2012 12:16 PM

Originally Posted by Mikey

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Nope, although the rumours about them being bailed out by a consortium of some sort are gathering pace. Probably more down to hope (for them) than anything else.

Thats my fear. He sells the club for a couple of million and writes off the debt and just gets it back over many years by renting them the wonga dome. The new owners then start fresh with no debt. Vlad has proved to be very generous in the past having already forgiven debt to the tune of around £16m.

**ScottB** · 02-11-2012 12:18 PM

Originally Posted by JohnHughes

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Thats my fear. He sells the club for a couple of million and writes off the debt and just gets it back over many years by renting them the wonga dome. The new owners then start fresh with no debt. Vlad has proved to be very generous in the past having already forgiven debt to the tune of around £16m.

It's not that generous if he decides that he wants his 20 million quid back over say, 5 years of rental payments. Presumably for his bank, a balance sheet item of a company owing you 20 million in debt or 20 million in rent isn't much different...

**~~Hibernia Na Eir~~** · 02-11-2012 12:18 PM

Originally Posted by fatbloke

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Gary Mackay is a looky looky man , a looky looky man, a looky looky man? Sung to the tune of Yellow Submarine - how abso******lootly appropriate.

Gary MacKay's an alcoholic

**~~hibs0666~~** · 02-11-2012 12:19 PM

Originally Posted by CraigHibee

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could gary mckay not start pawning some of his medals to hearts cause

He's looking good for a world war winning veteran I tell you.

**~~hibs0666~~** · 02-11-2012 12:21 PM

Originally Posted by JohnHughes

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Thats my fear. He sells the club for a couple of million and writes off the debt and just gets it back over many years by renting them the wonga dome. The new owners then start fresh with no debt. Vlad has proved to be very generous in the past having already forgiven debt to the tune of around £16m.

That's not generous it's just a realisation that he had no chance of getting an interest payment never mind the loan amount itself.

**~~Hibernia Na Eir~~** · 02-11-2012 12:21 PM

Originally Posted by Phil MaGlass

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One of my best ever ever days as a Hibs supporter, when they lost the league on the last day of the season, after the Hibs game and their loss I went up toon like every single Hibs supporter did and remember being in a westend bar when a Hibs fan walked in with a hertz t-shirt that were supposed to be sold to yamboloids which said League winners on it but the guys selling them had then stamped a big CANCELLED over it and resold them to Hibs fans.
They then went onto lose the cup, whit a great couple o´ weekends that was.

So is there a good chance that hertz will go into administration in February after the players are sold in January and he pockets the dosh from them and the fans?

oh I want one of those t shirts. I'd pay good money for one.

**Fat Penlon** · 02-11-2012 12:23 PM

Originally Posted by ScottB

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It's not that generous if he decides that he wants his 20 million quid back over say, 5 years of rental payments. Presumably for his bank, a balance sheet item of a company owing you 20 million in debt or 20 million in rent isn't much different...

I suppose ye lets just hope he/ukio want the £20m back that the pbs is mortgaged against. He has written the other £16m debt off in the last 2 years so obviously is willing to loose that.

**PatHead** · 02-11-2012 12:25 PM

Believe it or not I had a Hearts supporter on asking me to confirm his understanding of the Share sale. I agreed it was important that he read everything thoroughly, particularly the small print at the end and forwarded this to him telling him to pay particular attention to the last line as things aren't always as they seem...............................

He was in ecstasy with a huge smile on his face as his wife moved forwards, then backwards, forward, then backwards again....back and forth...back and forth...in and out...in and out. Her heart was pounding....her face was flushed.....then she moaned, softly at first, then began to groan louder. Finally, totally exhausted, she let out an almightly scream and shouted.

"Okay, okay I can't park the car. You do it you smug *******."

**~~MSK~~** · 02-11-2012 12:34 PM

Originally Posted by PatHead

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Believe it or not I had a Hearts supporter on asking me to confirm his understanding of the Share sale. I agreed it was important that he read everything thoroughly, particularly the small print at the end and forwarded this to him telling him to pay particular attention to the last line as things aren't always as they seem...............................

He was in ecstasy with a huge smile on his face as his wife moved forwards, then backwards, forward, then backwards again....back and forth...back and forth...in and out...in and out. Her heart was pounding....her face was flushed.....then she moaned, softly at first, then began to groan louder. Finally, totally exhausted, she let out an almightly scream and shouted.

"Okay, okay I can't park the car. You do it you smug *******."

**ScottB** · 02-11-2012 12:37 PM

Originally Posted by JohnHughes

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I suppose ye lets just hope he/ukio want the £20m back that the pbs is mortgaged against. He has written the other £16m debt off in the last 2 years so obviously is willing to loose that.

Well if he wants to maximise his return, it has to be an amount more than he'd get just selling the stadium to the new owners / whoever else that wanted it outright, otherwise, why bother?

We could well end up with a Hearts, owned by this cadre of Jambos, crippled by rent payments to the mad one, unable to spend beyond their limited means given that missing rent payments would see them kicked out and missed player payments would eventually lead to relegation. I'd say that unless they convince the Council to build them a new stadium, and I'd imagine these proposed owners will be pouring on the PR for that cause from day one, they'd still be stuffed, just this would be possibly the more enjoyable, them utterly weak and broken for years to come option rather than going completely bust.

**#FromTheCapital** · 02-11-2012 12:37 PM

Originally Posted by JohnHughes

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Thats my fear. He sells the club for a couple of million and writes off the debt and just gets it back over many years by renting them the wonga dome. The new owners then start fresh with no debt. Vlad has proved to be very generous in the past having already forgiven debt to the tune of around £16m.

He's not really, the debt forgiveness thing was just covering money that he had spent since he arrived at the PBS. Hearts debt at the momemt is around 24m which is roughly the same as it was before vlad took over, so he's not done anything to ease their debt

***matty_f*** · 02-11-2012 12:41 PM

The debt for equity deal would scunner any chance of a low priced takeover imho. Ubig own however many millions of pounds worth of shares (at least in their eyes they'll be worth millions), the debt hasn't gone away, anyone taking over still needs to buy out Ubig.

***Spike Mandela*** · 02-11-2012 12:49 PM

Originally Posted by JAY-ME

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He's not really, the debt forgiveness thing was just covering money that he had spent since he arrived at the PBS. Hearts debt at the momemt is around 24m which is roughly the same as it was before vlad took over, so he's not done anything to ease their debt

Depending on whichever way you look at it he has either written off millions in debt or invested millions in the team in the period he has been there. Completely off his trolley but Hearts have benefited from his generosity/lunacy.

**green glory** · 02-11-2012 12:58 PM

Originally Posted by Treadstone

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YouTube Link: http://www.youtube.com/watch?v=EJtUweVSnJI

At 4:25 he talks about the stadium , sounds like its falling apart on an hourly basis .

Considering the land the PBS is on is meant to be contaminated and the old main stand is riddled with asbestos, entombing the Wonga Dome in concrete may be the only solution to a public health hazard.

It could also serve as a gigantic memorial to the millions of Yams who have laid down their lives and won every war since ancient times.

Gary Mackay VC, MC, DFC could perform a fly past in his Spitire. Lest we forget.

I

**~~MSK~~** · 02-11-2012 01:01 PM

Originally Posted by green glory

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Considering the land the PBS is on is meant to be contaminated and the old main stand is riddled with asbestos, entombing the Wonga Dome in concrete may be the only solution to a public health hazard.

It could also serve as a gigantic memorial to the millions of Yams who have laid down their lives and won every war since ancient times.

Gary Mackay VC, MC, DFC could perform a fly past in his Spitire. Lest we forget.

I

Where does this "contaminated land" come from ..?..I dont remember it being an issue when Cala were reported interested ..

**darwenhibby** · 02-11-2012 01:03 PM

Its like a kid waiting for Christmas.

Just wish they'd go pop

**green glory** · 02-11-2012 01:12 PM

The land was identified as having potential contamination due to previous industrial use. Studies were meant to be undertaken, boreholes etc to determine if the land including and around the PBS were fit for development. I'm not sure if any studies were actually carried out in the end, but the site is contaminated by concentrated Yammery since 1886. In my book. :-)

**~~Hibercelona~~** · 02-11-2012 01:14 PM

Originally Posted by darwenhibby

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Its like a kid waiting for Christmas.

Just wish they'd go pop

Christmas day would be the perfect time.

**~~MSK~~** · 02-11-2012 01:18 PM

Originally Posted by green glory

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The land was identified as having potential contamination due to previous industrial use. Studies were meant to be undertaken, boreholes etc to determine if the land including and around the PBS were fit for development. I'm not sure if any studies were actually carried out in the end, but the site is contaminated by concentrated Yammery since 1886. In my book. :-)

They should just build a 30ft wall round the **** hole of a place ..lob in a few grenades & leave it be ...

**#FromTheCapital** · 02-11-2012 01:20 PM

Originally Posted by Spike Mandela

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Depending on whichever way you look at it he has either written off millions in debt or invested millions in the team in the period he has been there. Completely off his trolley but Hearts have benefited from his generosity/lunacy.

Although it remains to be seen what will happen.....