Share Transfers Agreed/Cooling off period

[clerriehibs]

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I reckon hearts will survive this as I believe its nothing more than a publicity stunt conjured up by MR Romanov

Yes, a stunt but only so he cam claw money from the merricks. They might survive this, but they''re still doomed, and it'll be sooner rather than later.

[Gatecrasher]

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Jane Lewis‏@JaneLewisSport SF: Blames HMRC for ''trying to ruin everything'' by logding petition for the tax bill.

Jane Lewis‏@JaneLewisSport
SF: He says they had an ''understanding'' - and the share issue would pay that bill.


So is he admitting here that he lied to the fans?

Yep, I thought that they share issue was to cover other costs and they would find other finance for the tax bill, of course we knew he was telling porkies all along

[jacomo]

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Sergejus Fedotovas "Hearts were trying to be a big club, and it comes at a cost"

7 mins 15 secs :-

http://m.stv.tv/sport/football/clubs...tax-bill-cash/

That cost being 138 years of history ?

Ooh that must hurt. Fail!

[jonty]

https://twitter.com/TaxManHector/sta...657216/photo/1

A7Ng6l1CcAAimBK.jpg

[CyberSauzee]

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Unreal eh?

Having dealt with HMFC/Romanov many times before and probably had many failed repayment plans why the **** would HMRC agree to another one now.

They have taken PAYE/NI from their employees and not passed it on to HMRC, hell mend them.

Exactly. They've had numerous petitions for payment over the last 2/3 years, and not just off HMRC IIRC. In the past the Yams/Romanov have waited until the last minute before paying off the debt; this time they can't because they have no cash.

HMRC have set up payment plans for them in the past, which they are obviously failing to keep to, hence calling in the outstanding amount. Why should HMRC give them another chance? HMRC can quite rightly ask, on behalf of all of us as taxpayers, why they have spent money on the playing squad when they can't pay fixed costs? Why should HMRC trust them to pay any monies due in the future when the present incumbents have clearly been so fiscally irresponsible over the past 2/3 years?

[Just Alf]

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https://twitter.com/bbcchrismclaug/s...63344198234112

Looking like the fans are going to have to find the 450k.

FAST ....... ......

needs to be collected, deposited into an account, then transferred.... all before the tax case ..... and will Hector accept "cheque's in the post" or will it need to actually be in their account as well?.... for the Yams sake I hope they have all the money together by close of play tonight or they're gonna be cutting it mighty fine

[JimBHibees]

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It will be more than that of they loose the other tax case. Its £1.7m but penalties, interest and court fees could take it upto £3m. Wages are due soon aswell.

Robertson seemed to think it was £4m. As you say wages also and the PAYE/VAT also for last month, and no doubt the numerous other bills not being paid and probably non-playing staff being told to defer. Shambles.

[Bighoose]

The Fudleys should be asking Fedorov etc to open the books and prove that every penny generated by the club this year has stayed in the club, i.e. Liverpool Tv money etc.

I am sure they will find some miscellaneous transfers out to destinations unspecified.

Before I parted with any cash I would want more proof than their word that any cash raised would stay with the club.



Ah and Ryan Stevenson, I think it was Albert Einstein that gave a definition of insanity as doing the same thing over and over again and expecting different results

[GreenCastle]

Is this not normal how all big teams operate?

I wish next week would hurry up - then the next payment of wages should be interesting...

[JimBHibees]

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Why do I get the feeling the squad will announce that they are deferring their wages...

I can just about see them scraping together the £450k in time, but then where do the wages come from? Then the big tax bill looms.

Personally I think they'll stagger on until the big tax case hits (assuming it does), there's no way they'll be able to raise the money for that one.

Are they able to do that without incurring SPL punishment?

[CB_NO3]

Now over on brokeback, they are taking out credit cards to buy shares. Oh the irony, lets take out debt to pay debt.

[iwasthere1972]

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Now over on brokeback, they are taking out credit cards to buy shares. Oh the irony, lets take out debt to pay debt.

Don't forget about Wonga.

[Sergey]

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The Fudleys should be asking Fedorov etc to open the books and prove that every penny generated by the club this year has stayed in the club, i.e. Liverpool Tv money etc.

I am sure they will find some miscellaneous transfers out to destinations unspecified.

Before I parted with any cash I would want more proof than their word that any cash raised would stay with the club.



Ah and Ryan Stevenson, I think it was Albert Einstein that gave a definition of insanity as doing the same thing over and over again and expecting different results

I notice that SF answered that the debt level currently stands at £24M. That was the debt level 16 months ago when their last set of accounts were published. They've openly stated that the club still isn't self-sufficient, so what is the current debt level? It sure as **** ain't £24M.

[GreenCastle]

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Now over on brokeback, they are taking out credit cards to buy shares. Oh the irony, lets take out debt to pay debt.

Brokeback is comedy gold right now -

[silverhibee]

http://www.british-gazette.co.uk/wp-.../Pinocchio.PNG

[jacomo]

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Now over on brokeback, they are taking out credit cards to buy shares. Oh the irony, lets take out debt to pay debt.

Your average Yam really is like a battered wife who refuses to leave because "he loves me".

[matty_f]

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Now over on brokeback, they are taking out credit cards to buy shares. Oh the irony, lets take out debt to pay debt.

That's mental. They better pray there's enough raised otherwise they're just saddling themselves with debt for nothing.

[zelda]

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Surprised they haven't charged the Yams £5 entry fee to watch them. An opportunity missed.

That's exactly what they're going to do for the U20 matches. Yam in my work said they haven't been paying for use of the Victoria Park pitch and have been told to bolt.

[Hibee87]

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Now over on brokeback, they are taking out credit cards to buy shares. Oh the irony, lets take out debt to pay debt.

WOW...just WOW

[Saorsa]

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Wages ? Thursday 15TH ? , Tax deductions, N I payments for October wages due 22nd of the month following.

It is also time our council was hitting them with a final demand for business rates and rent.


Or, do people think they have been punished enough !

it'll never be enough until they're gone!

[Moulin Yarns]

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What has Dundee ever done to them to deserve getting the six points deducted?

Beat them twice, of course. Another win and Dundee get to keep them, if they're still around

[JimBHibees]

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Jane Lewis‏@JaneLewisSport SF: Blames HMRC for ''trying to ruin everything'' by logding petition for the tax bill.



Jane Lewis‏@JaneLewisSport
SF: He says they had an ''understanding'' - and the share issue would pay that bill.


So is he admitting here that he lied to the fans?

Says it all. A blatant lie by Vlad's poodle. Any Hearts fan putting a penny more in after this admission should be shot.

[iwasthere1972]

One Yam daftie has even suggested the buying of a 3/5 year season ticket. Are they completely bonkers. Vlad would just love that.

http://www.hmfckickback.co.uk/index..../#entry3234208

[degenerated]

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Jane Lewis‏@JaneLewisSport SF: Blames HMRC for ''trying to ruin everything'' by logding petition for the tax bill.



Jane Lewis‏@JaneLewisSport
SF: He says they had an ''understanding'' - and the share issue would pay that bill.


So is he admitting here that he lied to the fans?

I'm guessing that this will have been completely ignored on brokeback?

[SteveHFC]

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Jane Lewis‏@JaneLewisSport SF: Blames HMRC for ''trying to ruin everything'' by logding petition for the tax bill.



Jane Lewis‏@JaneLewisSport
SF: He says they had an ''understanding'' - and the share issue would pay that bill.


So is he admitting here that he lied to the fans?

[ScottB]

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Are they able to do that without incurring SPL punishment?

If they word it right, say all the players have decided to funnel their wages into the rescue effort, would the SPL object to that? I guess it depends if they'd want to see proof that the relevant sums actually went somewhere or not...

[s.a.m]

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[johnrebus]

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Now over on brokeback, they are taking out credit cards to buy shares. Oh the irony, lets take out debt to pay debt.

They really are as thick as pig ****.

If the club does not fold next week, it will be the week after or the week after that.

Accept they are ****ed and the save the cash for the Newco in the 3rd Division.


Livingston will want rent money after all.......,

[Bighoose]

Is Ticketus not still around? They seemed gullible in giving away cash for potentially nowt in return - or did Craigie White do for them?

[johnrebus]

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I'm guessing that this will have been completely ignored on brokeback?

Don't worry, I'm sure our intrepid MSM will point it out to them.........,