Share Transfers Agreed/Cooling off period

[big-mo]

What's the chances of us getting a bye into the next round with the Yams unable to fulfil their fixture commitments due to being in administration or liquidation before December?

[StevieC]

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https://newsclient.omxgroup.com/cdsP...ssageId=650056


I see the Ukio Bankas has taken over Vlad's Basketball Arena. Debts must be pressing there too.

I wonder if that is the next destination for the PBS or will the Lith. Bank prefer a cleared site.

Words like "disintegration" and phrases like "realisation of assets" suggests a separation of assets with intent to offload.

Given the importance of basketball in Lituania it looks like this is quite a major turn of events.

Does anyone know what Vlads involvement with the club was?

[proud_and_green]

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16 or 14 is fine, 15 is unacceptable.

Regardless of the impact on their financial state - i think we should be doing this to encourage a full stadium against them. Get the place rocking to Alee, Alee and give the team an extra boost!

[Hibs07p]

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Words like "disintegration" and phrases like "realisation of assets" suggests a separation of assets with intent to offload.

Given the importance of basketball in Lituania it looks like this is quite a major turn of events.

Does anyone know what Vlads involvement with the club was?

Was he not the coach or entertainment manager?

[jonty]

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Was he not the coach or entertainment manager?

half time dancer/cheerleader

[Sergey]

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https://newsclient.omxgroup.com/cdsP...ssageId=650056


I see the Ukio Bankas has taken over Vlad's Basketball Arena. Debts must be pressing there too.

I wonder if that is the next destination for the PBS or will the Lith. Bank prefer a cleared site.

Interesting.

So the 1200 Bosnian bauxite workers ain't been paid for 3 months. The bank have moved in to secure debts against the real estate of their basketball team. HoMFC haven't got a pot to piss-in and the Ukio share price is trading at an all time low.

Only the most gullible would want to invest in shares in that mob. Step forward your everyday Yam.

[Aldo]

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Interesting.

So the 1200 Bosnian bauxite workers ain't been paid for 3 months. The bank have moved in to secure debts against the real estate of their basketball team. HoMFC haven't got a pot to piss-in and the Ukio share price is trading at an all time low.

Only the most gullible would want to invest in shares in that mob. Step forward your everyday Yam.

Quality.

[RyeSloan]

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Words like "disintegration" and phrases like "realisation of assets" suggests a separation of assets with intent to offload.Given the importance of basketball in Lituania it looks like this is quite a major turn of events.

Does anyone know what Vlads involvement with the club was?

Indeed it does. It would appear that the building was financed by the bank via UBIG (since UBIG seem to have been the operators/owners of the site)...this would suggest that UBIG have been unable to keep their commitments to the bank who have therefore been required to take the physical asset as recompense for the failed loan. The bank are clearly not in the business of running enterntainment venues so will look to off load what they can to regain their lost monies. Now I know Romanov controls both entities but I would suggest that the bank is forced to take some actions that even Vald doesn't like to preserve it's own balance sheet....

Probably not significant in itself but would clearly suggest that Vlad doesn't have the means to throw Hearts a £3-4m lifeline just now even if he wanted to (which he doesn't !)

[carnoustiehibee]

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Interesting.

So the 1200 Bosnian bauxite workers ain't been paid for 3 months. The bank have moved in to secure debts against the real estate of their basketball team. HoMFC haven't got a pot to piss-in and the Ukio share price is trading at an all time low.

Only the most gullible would want to invest in shares in that mob. Step
forward your everyday Yam.

I'm stealing that.

[Phil MaGlass]

Is it just me or am I the only one who thinks hertz wont be in the SPL come Feb1?
I reckon he will cash in on the mugs and sell what good players they have then go into administration or whatever they want to call it (Yaministration)

[Stevie Reid]

What is interesting is the amount of Yams who seriously believe that this is just another false dawn for us - of course it may well be, but if it's as serious as it seems (and I've no reason to believe otherwise) their complacency will be their downfall.

The arrogance on display on much of the social media that I read yesterday was unbelievable - not on the football side, that (unfortunately) cannot really be countered at the moment - but the dismissal of any notion that they are on the brink, even after the share issue and the Fedotovas interview, is unbelievable. Even for them.

[Pedantic_Hibee]

https://www.google.co.uk/search?hl=e...L8Wb9W-IHg#i=0

[Col2]

Oh dear. In between pie munching Blobbo has put out this begging message...

http://www.bbc.co.uk/sport/0/football/20219448

[lapsedhibee]

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Oh dear. In between pie munching Blobbo has put out this begging message...

http://www.bbc.co.uk/sport/0/football/20219448

"It's been a helluva seven years [since Romanov took over]," added Robertson. "Some of the players that have been here have been incredible".

Slightly struggling to think of any player who's been "incredible". Who does he mean? Nade? Kyle?

[YehButNoBut]

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Oh dear. In between pie munching Blobbo has put out this begging message...http://www.bbc.co.uk/sport/0/football/20219448

The financial situation at HMFC is undoubtedly bad and I'm sure the reality is a lot worse than we are lead to believe, I'm not convinced they will be able to turn on the floodlights when we next visit Tynie on 3rd Jan.

[Sergey]

Reality finally hits home with John Robertson:

"I asked a lot of questions about the state of the club and how they were going to go forward.

"The club is in a severe financial state.

"But it's not all about wages. It's about keeping the floodlights on, pitch maintenance, the plumbing and other staff salaries.

I think we're now witnessing the end-game. No more hiding behind their veiled, glibly worded PR spin, this is them now in the last chance saloon with nowhere else to turn.

[Mikey]

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I think we're now witnessing the end-game. No more hiding behind their veiled, glibly worded PR spin, this is them now in the last chance saloon with nowhere else to turn.

I wonder how much Robbo is pouring into the black hole??

[Craig_in_Prague]

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The financial situation at HMFC is undoubtedly bad and I'm sure the reality is a lot worse than we are lead to believe, I'm not convinced they will be able to turn on the floodlights when we next visit Tynie on 3rd Jan.

Quite happy if the floodlights are out and just stay out.

Quicker this club goes under the better.

[hibbymac]

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I think we're now witnessing the end-game. No more hiding behind their veiled, glibly worded PR spin, this is them now in the last chance saloon with nowhere else to turn.

The begging bowl is well and truly out with this share issue.

They are basically saying, 'if you don't buy shares, we won't make it to the end of the season.'

So, if the yams do buy shares and they see it through to the end of the season, .... then what??

[Ozyhibby]

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I think we're now witnessing the end-game. No more hiding behind their veiled, glibly worded PR spin, this is them now in the last chance saloon with nowhere else to turn.

And yet they still keep their fans in the dark. There has been no explanation to the Yams how exactly they are going to achieve break-even, just a call for cash to get to the end of the season and we'll take from there.
What I really don't understand is why no redundancies of non playing staff? They employ nearly double the amount of people we do but have a smaller turnover. So far they have not embarked on any meaningful cost cutting at all.
Guess we'll just have to sit back and enjoy the show. Who knows how it will all work out but I don't think it will be long before the end credits.

[CropleyWasGod]

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And yet they still keep their fans in the dark. There has been no explanation to the Yams how exactly they are going to achieve break-even, just a call for cash to get to the end of the season and we'll take from there.
What I really don't understand is why no redundancies of non playing staff? They employ nearly double the amount of people we do but have a smaller turnover. So far they have not embarked on any meaningful cost cutting at all.
Guess we'll just have to sit back and enjoy the show. Who knows how it will all work out but I don't think it will be long before the end credits.

Fairly easy answer... they can't afford the redundancy costs.

[Saorsa]

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I wonder how much Robbo is pouring into the black hole??

The only thing he'll probably be pouring in tae a black hole is cheap whisky.

[bingo70]

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The only thing he'll probably be pouring in tae a black hole is cheap whisky.

Dinnae tell that to George Foulkes

[cabbageandribs1875]

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Is it just me or am I the only one who thinks hertz wont be in the SPL come Feb1?
I reckon he will cash in on the mugs and sell what good players they have then go into administration or whatever they want to call it (Yaministration)

would yamaquidation not be better/more painful for them

[Sergey]

As as aside - normally when there's a share issue the prospective investor is able to view a current set of accounts to weigh up the viability of any purchase. That's logical and a no-brainer.

Question - what was the year-end date of the last set of Yam accounts? Surely those accounts could be 18 months out of date and the situation could be far worse than was previously audited.

[Saorsa]

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As as aside - normally when there's a share issue the prospective investor is able to view a current set of accounts to weigh up the viability of any purchase. That's logical and a no-brainer.

Question - what was the year-end date of the last set of Yam accounts? Surely those accounts could be 18 months out of date and the situation could be far worse than was previously audited.

hopefully

[bingo70]

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I think we're now witnessing the end-game. No more hiding behind their veiled, glibly worded PR spin, this is them now in the last chance saloon with nowhere else to turn.

Really hope your right but i wish they'd hurry up and get on with it. When do these shares that they're relying on go on sale? how long till we get an indication if they've been a success or not?

From the few jambos i've spoken to and the general mood of there fans that i can make out it sounds like it's going to be a massive flop, if that's the case could it be curtains before December?

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And yet they still keep their fans in the dark. There has been no explanation to the Yams how exactly they are going to achieve break-even, just a call for cash to get to the end of the season and we'll take from there.
What I really don't understand is why no redundancies of non playing staff? They employ nearly double the amount of people we do but have a smaller turnover. So far they have not embarked on any meaningful cost cutting at all.
Guess we'll just have to sit back and enjoy the show. Who knows how it will all work out but I don't think it will be long before the end credits.

There was some chief supporter yam in the paper last week praising the club for their honesty and transparacy

[EH6 Hibby]

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And yet they still keep their fans in the dark. There has been no explanation to the Yams how exactly they are going to achieve break-even, just a call for cash to get to the end of the season and we'll take from there.
What I really don't understand is why no redundancies of non playing staff? They employ nearly double the amount of people we do but have a smaller turnover. So far they have not embarked on any meaningful cost cutting at all.
Guess we'll just have to sit back and enjoy the show. Who knows how it will all work out but I don't think it will be long before the end credits.

I thought they bought a new lightbulb, surely it's not gone again!

[Sergey]

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Really hope your right but i wish they'd hurry up and get on with it. When do these shares that they're relying on go on sale? how long till we get an indication if they've been a success or not?

From the few jambos i've spoken to and the general mood of there fans that i can make out it sounds like it's going to be a massive flop, if that's the case could it be curtains before December?



There was some chief supporter yam in the paper last week praising the club for their honesty and transparacy

I think it lies in the hands of the SPL committee. They were hit with a 2 month transfer embargo last month for late payment, what's the next step? A fine isn't an option. A points deduction?

If the wage bill alone is £600k per month, they'll probably need to raise a damn sight more than that over the next 10 days or so, and I honestly don't see that happening if the previous 2 months are a yardstick.

[Wheat Hound]

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I wonder how much Robbo is pouring into the black hole??

No need to bring Mrs Robertson into this.....