Share Transfers Agreed/Cooling off period

[Saorsa]

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Saved by the Hibees, oh you were saved by the Hibees...

that's nowt tae sing about.

[PatHead]

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That's as may be but we should have the SKY money and the ticket money. If Hearts withhold that because they've included it in a cheque to HMRC then we're out of pocket.

The easiest way to sort it all out would have been to sell the Hearts end tickets ourselves, again.

How, Hearts will be entitled to at least the income for the tickets they sell. We will only pay the balance.

[YehButNoBut]

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So there has to be a level of risk here to Hibs. For instance if the game doesn't go ahead after all as they get wound up, are Hibs left losing money? What are the risks to us here?

Would have been more of a risk if Hearts were the home team so as others have said we would just deduct from what is due them.

Mind you if it went to a replay that's a different scenario.

[robinp]

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Hibs would only be a creditor if the game was played. If they sell tickets and then don't play then the money would be owed to the ticket holder, because he/she wouldn't have got what they paid for (a Scottish Cup match between Hibs and Hearts). Same would also be true if Hibs sold tickets for the home sections and they don't turn up.

Surely Hibs won't be a creditor at all under any scenario given that Hibs are at home and Hearts will be receiving less than 50% of the tickets?

Even if they go tits up after the game, then we are not due anything from them but infact we would likely be a Debtor due cash to them (after deduction of costs etc) for the split gate?

The New Year derby however is a totally different animal if we have paid up front for the 3,500ish tickets!

[cabbageandribs1875]

imagine if this tie actually saved they grunts from oblivion infact, just give them the tie hopefully they get wound up in time for santa clause coming

[HibeeMG]

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I'd have thought in basic terms that, assuming a rough 40-40 split after costs are considered, Hertz would effectively need to provide 40% of the crowd before we are out of pocket? I know that sounds a little too simple but given we'd have by far the majority of ticket sales, we'd also control the majority of the cash involved?

True. I'm forgetting that it's a Scottish Cup game and the gate is split after costs.

We'll just adjust the amount we send them by the tickets they sold (how is this verified btw?) and the cost of damage done. They might end up owing us after all!

[Part/Time Supporter]

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.... and?

More practically, Hibs will want the game to go ahead. They get 57.5% of the revenue.

[Ozyhibby]

Cup tie tickets gives them another £87k if they sell them al tomorrow. Still not enough.

[CropleyWasGod]

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Cup tie tickets gives them another £87k if they sell them al tomorrow. Still not enough.

Also means that, if the winding-up goes ahead and the Cup-tie doesn't, everybody who has bought a ticket will be a creditor of HMFC

[WindyMiller]

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We'd be left as a football creditor, though it will be interesting to see how much of a role the SFA have played in this as well given it's a split gate etc.

Will the tickets not be under the control of the SFA for cup-ties?

[LancashireHibby]

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We'll just adjust the amount we send them by the tickets they sold (how is this verified btw?) and the cost of damage done. They might end up owing us after all!

The two clubs and the SFA will generally have representatives on matchday to ensure that the ticketing reports/turnstile figures etc stack up - for example if Hearts say they've only sold 1,000 when in reality they've said 3,500 and kept the cash for themselves, it will be pretty easy to spot once they're unable to return their 'unsold' tickets and there are thousands pouring through the turnstiles. Likewise, if they say that 3,000 of their ticket sales are for kids, they will have to prove that by producing the stubs taken from the tickets to prove that they haven't retained the difference in the price of the ticket.

[TrinityHibs]

How does this split work? I've got a couple of ST's with the cup top up. I got the cup top up for nothing because I bought the tickets early. In that I got the tickets for nothing I take it the Hectors will get 40/50% of nothing. I am not particularly happy about giving them anything but 50% of nowt is just about acceptable. Actually for the medals McKays collection I would be happy to give them 100% of nowt.

[LancashireHibby]

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Will the tickets not be under the control of the SFA for cup-ties?

Strictly speaking, no. The only reason for the SFA getting involved would be in any dispute between the clubs in terms of pricing, size of allocation etc or, as may be possible in this case, how quickly the clubs can get their tickets on sale - Hibs may have been unwilling for Hearts to start selling tickets before we do, but the Yams may have gone crying to the SFA and they may have ruled in their favour on this occasion. Just an assumption I have based on previous experience.

[big-mo]

http://www.heartsfc.co.uk/articles/2...241384_2978642

Their Auction/Raffle tonight looks like a fire sale, selling the shirts off the player's back. Along with the history of the club, they are selling gifts given to the club from visiting clubs from over the years, along with the pictures off the walls. e.g. ‘Mahogany cigar box presented by Standard Liege at the UEFA Cup fixture in Nov '92 (away leg) with engraved matching whisky decanter and glasses’.

All items are up for auction, cash preferred. (I assume that because the proceeds are not going to a charity, they will all be subject to VAT and corporation tax? Or will they just add that onto the outstanding bill?)

[Hibbyradge]

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Surely Hibs won't be a creditor at all under any scenario given that Hibs are at home and Hearts will be receiving less than 50% of the tickets?

Even if they go tits up after the game, then we are not due anything from them but infact we would likely be a Debtor due cash to them (after deduction of costs etc) for the split gate?

The New Year derby however is a totally different animal if we have paid up front for the 3,500ish tickets!

All the January derby gate money belongs to Hearts.

[147lothian]

Regarding the consortium, a herz spokes person say's in todays EN that Vlad will speak to anyone genuinely interested in buying them but that person must proof, they can take the club forward. To me this indicates that Vlad doesn't want to sell, but then again who can second guess Vlad?

[Peevemor]

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http://www.heartsfc.co.uk/articles/2...241384_2978642

Their Auction/Raffle tonight looks like a fire sale, selling the shirts off the player's back. Along with the history of the club, they are selling gifts given to the club from visiting clubs from over the years, along with the pictures off the walls. e.g. ‘Mahogany cigar box presented by Standard Liege at the UEFA Cup fixture in Nov '92 (away leg) with engraved matching whisky decanter and glasses’.

All items are up for auction, cash preferred. (I assume that because the proceeds are not going to a charity, they will all be subject to VAT and corporation tax? Or will they just add that onto the outstanding bill?)

F***in' WOW!

[greenginger]

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Edinburgh Risk Management, Oh deary me ! I've insured a couple of development projects with them in the past. They were Ok at what they did but definately small fry.
I have pulled down a copy of their latest accounts from Companies House and see it is a small cap company,shareholders funds - £203,132.00, The company is owned by a holding company which owns 100% of the shares in Edin. Risk and owned by a J M J Barry.

The great saviour, Mr Mackie is just an employee of a tiny little insurance brokers. If he drives a Rover it will be second - hand.

Sorry folks, I've been misled. It is not Edinburgh Risk Management Ltd that Alex Mackie, the saviour works with , it is Edinburgh Risk Management ( General ) Ltd that Alex Mackie is director/secretary of. Other director is a Dianne Mackie so it could be a husband and wife outfit.

Nothing else changes, the company is a wholly owned subsidiary of another holding company.
the company carries out insurance broking and had shareholders funds of £184,508 and turnover of £868,403.

Nothing really much different, except he may be able to afford a new Rover !

[The_Sauz]

I can see another Dundee Utd/Servco cup scenario coming up

[CropleyWasGod]

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I can see another Dundee Utd/Servco cup scenario coming up

Nah... the debtor team are playing away this time.

[truehibernian]

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F***in' WOW!

Deary deary deary me selling bottles of vodka FFS (which they can't even get the brand name right) - as you say, wow.....just wow !

[Part/Time Supporter]

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I can see another Dundee Utd/Servco cup scenario coming up

Unlikely. That happened because der Hun played games and took ticket monies on behalf of other teams (United and Dunfermline) as normal. In the period between playing the game and the money becoming due for payment (10 days), they went into administration. If the cup game is played it is likely that Hibs would be due to pay Hearts money because there should be more Hibs fans in attendance. If they went into liquidation before then and the game couldn't be played, the creditor would be the ticket holders, not the club(s).

[The_Sauz]

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Nah... the debtor team are playing away this time.

Was that not the case with servco or I'm I thinking of the game that was postponed due to the rain

[YehButNoBut]

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I can see another Dundee Utd/Servco cup scenario coming up

Only if there is a replay, we'll have to make sure that doesn't happen by cuffing them at ER.

Assuming it goes ahead that is.

[The_Sauz]

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Unlikely. That happened because der Hun played games and took ticket monies on behalf of other teams (United and Dunfermline) as normal. In the period between playing the game and the money becoming due for payment (10 days), they went into administration. If the cup game is played it is likely that Hibs would be due to pay Hearts money because there should be more Hibs fans in attendance.

Ok I get the drift........I'll just shut-up then

[green glory]

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Sorry folks, I've been misled. It is not Edinburgh Risk Management Ltd that Alex Mackie, the saviour works with , it is Edinburgh Risk Management ( General ) Ltd that Alex Mackie is director/secretary of. Other director is a Dianne Mackie so it could be a husband and wife outfit.

Nothing else changes, the company is a wholly owned subsidiary of another holding company.
the company carries out insurance broking and had shareholders funds of £184,508 and turnover of £868,403.

Nothing really much different, except he may be able to afford a new Rover !

I thought all Yams drove Princesses.

[degenerated]

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http://www.heartsfc.co.uk/articles/2...241384_2978642

Their Auction/Raffle tonight looks like a fire sale, selling the shirts off the player's back. Along with the history of the club, they are selling gifts given to the club from visiting clubs from over the years, along with the pictures off the walls. e.g. ‘Mahogany cigar box presented by Standard Liege at the UEFA Cup fixture in Nov '92 (away leg) with engraved matching whisky decanter and glasses’.

All items are up for auction, cash preferred. (I assume that because the proceeds are not going to a charity, they will all be subject to VAT and corporation tax? Or will they just add that onto the outstanding bill?)

That's some shameful *****. Surprised they aren't trying to sell the Scottish cup as well. If they're resorting to that level of brass necked behaviour it sounds like vlad isn't getting his purse out to bail them out.

[southfieldhibby]

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http://www.heartsfc.co.uk/articles/2...241384_2978642

Their Auction/Raffle tonight looks like a fire sale, selling the shirts off the player's back. Along with the history of the club, they are selling gifts given to the club from visiting clubs from over the years, along with the pictures off the walls. e.g. ‘Mahogany cigar box presented by Standard Liege at the UEFA Cup fixture in Nov '92 (away leg) with engraved matching whisky decanter and glasses’.

All items are up for auction, cash preferred. (I assume that because the proceeds are not going to a charity, they will all be subject to VAT and corporation tax? Or will they just add that onto the outstanding bill?)

Pray tell, where can I purchase some of this 'Grey Grouse Vodka'?

[Mikey]

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Pray tell, where can I purchase some of this 'Grey Grouse Vodka'?

Tesco. Next to the Famous Goose

[Viva_Palmeiras]

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Edinburgh Risk Management, Oh deary me ! I've insured a couple of development projects with them in the past. They were Ok at what they did but definately small fry.
I have pulled down a copy of their latest accounts from Companies House and see it is a small cap company,shareholders funds - £203,132.00, The company is owned by a holding company which owns 100% of the shares in Edin. Risk and owned by a J M J Barry.

The great saviour, Mr Mackie is just an employee of a tiny little insurance brokers. If he drives a Rover it will be second - hand.

J M J Barry - what the author of Peter Pan - the boy that never grew up ? Poetry in motion