Share Transfers Agreed/Cooling off period

[Paisley Hibby]

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I'd be surprised if anyone knows but I'll ask...

How much of an extension have they been given?

Also, SSN are reporting it as an extension rather than a payment plan. So along with the deferred wages on Friday they are just pushing their debts further down the road.

That's all they need - time to get a bit of cash flow from their up coming home games and the cup game with us. They will sell who they can in January and then cut things to the bone next summer. They will then be safe - at least in a financial sense. However, they will have to compete with the reosurces they really have so good chance of relegation

[WindyMiller]

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I suspect they're handing over all they can this week and the balance on the 3rd.

I'd imagine the futher payments will have to be paid as they fall due.

[matty_f]

Bear in mind they've used money from ticket sales for their next 3(?) games to pay for this, plus a wad of donations and share uptake (raising £200k)... If that ticket money has been used up now, their income is going to be hampered later on.

Could be a good Christmas!

[CropleyWasGod]

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I'd imagine the futher payments will have to be paid as they fall due.

There is one due on the 22nd of this month.

[WindyMiller]

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I'd imagine the futher payments will have to be paid as they fall due.

Which means that it's vitally important that they don't get through to the next round of the cup.

[SuperTortolano]

When do they get their day in court regarding the £1.7m due to the tax man?

[Peevemor]

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I'd imagine the futher payments will have to be paid as they fall due.

Yup, they've has their last chance.

[Sergy Pie]

Smashing

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Another hilarious example of how spineless and clueless the Jambos are! I bet even Mad Vlad is amazed at how easy it was to divide and conquer the maroon mutants. Simply ask the mugs to raid their bairns piggy banks and donate it to Vlads retirement fund, errr I mean invest in youth system, errr I mean pay the taxman knowing fine well that many of the brain-dead believers will immediately grab the claw hammers and smash the piggy banks without question whilst other Jambo factions who have a precious brain cell or two to rub between them slowly begin to suspect that the whole thing is a mighty con. Before you know it Gary Mackay is offering to sell off his impressive collection of retro Satellite dishes and begging the deluded fools to donate to his amazing Jambo saving campaign without really knowing how he is going to save the Jambos! Then we have these mysterious "Consortiums of wealthy local business men" who periodically appear with "offers" to buy the club from mad Vlad however these "offers" from "great business minds" amount to nothing more than them going to Vlad and saying "can you please get your bank to write of £25m and give us Tynecastle (still worth a few million even in today's climate) for free aswell please?" Vlad then says "No" and these consortiums slither off back to the whisky society or posh twats club patting themselves on the back for trying to save Hearts!

Any other group of fans (with the exception of the Zombie Huns possibly) would have rallied together years ago to stop this scenario from occurring in the first place and would happily accept their club living within their means and having a secure future. Such is the deluded nature of the pink savilles they have been so obsessed with their self proclaimed "big team" status and they have chosen to ignore 3 owners in a row massively overspending in search of the Big Team dream. They also chose to ignore the fact that they gave up any small amount of dignity and integrity that they ever had in the process. The biggest joke is that Hearts fans still talk about losing their club when anyone could see that they lost what was left of their shabby wee joke of a club years ago, replaced by an undignified, cheating, organisation that happily employed registered sex offenders when no-one else would.

Now eventually, as we all warned them the end is now near and there appears to be no way out for them. Many will presume that another Romanov will appear and rescue them from oblivion because they are a big team that won a few wars etc. however this time it appears that their luck is finally running out. And with pathetic, slavering idiots like the obscene George Foulkes, Gary Mackay etc. leading Save the Jambos campaigns they have no chance - these are the same eejits who led the deluded Jambos to Mr Romanov a few years ago and have no idea what they're doing.

The best option for Jambos now would be to unite and from a newco, share with Livi of somewhere similar, take their medicine and try to begin to build a new club from scratch - that will not happen because Jambos believe that they have a divine right to be a big team and would rather let their team die without a trace than admit that they are just a wee diddy team like the rest of us!

What great entertainment it is!

[Part/Time Supporter]

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When do they get their day in court regarding the £1.7m due to the tax man?

The guy who offered to buy the club (Mackie) said that the hearing will start this week. Don't expect anything from that anytime soon though. Rangers tax case was heard in January and still hasn't reported, although that is unusually slow due to its complexity and size.

[HibeeMG]

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That's all they need - time to get a bit of cash flow from their up coming home games and the cup game with us. They will sell who they can in January and then cut things to the bone next summer. They will then be safe - at least in a financial sense. However, they will have to compete with the reosurces they really have so good chance of relegation

But is it all they need though?

If it is then it's quite right that HMRC haven't forced a company to liquidate that could be saved.

I'm not sure though. They'll have another PAYE and VAT bill to pay next month I would presume. The players and staff will have to be paid at some point. That's not taking into account the £1.79m tax bill which might go against them.

I don't think they're going to be able to sell enough soup, family silver and face painting in the meantime to keep them going.

[3pm]

Well done to the boy singing 'we only won 5-1' while Luke Shanley was doing his update. The auld yins are the best....yawn.

[HibeeMG]

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Well done to the boy singing 'we only won 5-1' while Luke Shanley was doing his update. The auld yins are the best....yawn.

I would imagine Shanners is pounding his face into the concrete as we speak!

[truehibernian]

What's clear is Vlad still pulls the strings and whilst not really getting involved, he's sitting back and watching the performance from on high. I'm convinced that there is something in place regards the stadium and I'm equally convinced they'll make January - where McGowan, Zaliukas, Webster and Others will be sold.

What I'd like to see is a bit more investigative journalism and have it explained why Hearts are getting away with other bills that other clubs are having to pay - level playing field and all that.

[Bighoose]

#Hearts say HMRC deal possible due to some players agreeing to defer wage payments. #BBCSport@BBCchrismclaug

Am I being thick here? - if players are deferring their wages due on friday, then why do they also need an extension to paying HMRC the full amount on thursday?

Or should it be read as they need more time to sell some more fairy cakes as they completely skint?

[Saorsa]

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What's clear is Vlad still pulls the strings and whilst not really getting involved, he's sitting back and watching the performance from on high. I'm convinced that there is something in place regards the stadium and I'm equally convinced they'll make January - where McGowan, Zaliukas, Webster and Others will be sold.

What I'd like to see is a bit more investigative journalism and have it explained why Hearts are getting away with other bills that other clubs are having to pay - level playing field and all that.

Need tae get some new journalists then rather the clowns that currently work for the comics that pass for newspapers in this country.

[Billy Whizz]

I presume they are counting on shifting their 3,900 tickets for the Scottish cup = £97,500 inc vat, plus share of the gate
How lucky that this game came along for them. Hibs have saved them.
Wonder if Rod has agreed to pay them their share on 2nd December to help them, we're that type of club

[WindyMiller]

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#Hearts say HMRC deal possible due to some players agreeing to defer wage payments. #BBCSport@BBCchrismclaug

Am I being thick here? - if players are deferring their wages due on friday, then why do they also need an extension to paying HMRC the full amount on thursday?

Or should it be read as they need more time to sell some more fairy cakes as they completely skint?

The ham bone in the bloody soup takes a bit of boiling!

[mjhibby]

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Another hilarious example of how spineless and clueless the Jambos are! I bet even Mad Vlad is amazed at how easy it was to divide and conquer the maroon mutants. Simply ask the mugs to raid their bairns piggy banks and donate it to Vlads retirement fund, errr I mean invest in youth system, errr I mean pay the taxman knowing fine well that many of the brain-dead believers will immediately grab the claw hammers and smash the piggy banks without question whilst other Jambo factions who have a precious brain cell or two to rub between them slowly begin to suspect that the whole thing is a mighty con. Before you know it Gary Mackay is offering to sell off his impressive collection of retro Satellite dishes and begging the deluded fools to donate to his amazing Jambo saving campaign without really knowing how he is going to save the Jambos! Then we have these mysterious "Consortiums of wealthy local business men" who periodically appear with "offers" to buy the club from mad Vlad however these "offers" from "great business minds" amount to nothing more than them going to Vlad and saying "can you please get your bank to write of £25m and give us Tynecastle (still worth a few million even in today's climate) for free aswell please?" Vlad then says "No" and these consortiums slither off back to the whisky society or posh twats club patting themselves on the back for trying to save Hearts!

Any other group of fans (with the exception of the Zombie Huns possibly) would have rallied together years ago to stop this scenario from occurring in the first place and would happily accept their club living within their means and having a secure future. Such is the deluded nature of the pink savilles they have been so obsessed with their self proclaimed "big team" status and they have chosen to ignore 3 owners in a row massively overspending in search of the Big Team dream. They also chose to ignore the fact that they gave up any small amount of dignity and integrity that they ever had in the process. The biggest joke is that Hearts fans still talk about losing their club when anyone could see that they lost what was left of their shabby wee joke of a club years ago, replaced by an undignified, cheating, organisation that happily employed registered sex offenders when no-one else would.

Now eventually, as we all warned them the end is now near and there appears to be no way out for them. Many will presume that another Romanov will appear and rescue them from oblivion because they are a big team that won a few wars etc. however this time it appears that their luck is finally running out. And with pathetic, slavering idiots like the obscene George Foulkes, Gary Mackay etc. leading Save the Jambos campaigns they have no chance - these are the same eejits who led the deluded Jambos to Mr Romanov a few years ago and have no idea what they're doing.

The best option for Jambos now would be to unite and from a newco, share with Livi of somewhere similar, take their medicine and try to begin to build a new club from scratch - that will not happen because Jambos believe that they have a divine right to be a big team and would rather let their team die without a trace than admit that they are just a wee diddy team like the rest of us!

What great entertainment it is!

That is the best summary of events at the pbs ive read anywhere.Most hertz fans wont admit but they do realise they are headed for administration at best although they still feel winning the trophies was more important.The big team nonsense just actually shows how insecure they all are and why they wont be missed if/when they drop down a league or two.yes we will miss the derbies but as a few guys have pointed out we seemed to have treated the derbies as just another game so them not being their wont make any difference. Btw i hope the taxman is as benevolent to the pars who after all have a debt a third of hertz.

[Cabbage East]

Does anyone know how much soup they've sold and how many crispy cakes have been baked?

[DC_Hibs]

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What's clear is Vlad still pulls the strings and whilst not really getting involved, he's sitting back and watching the performance from on high. I'm convinced that there is something in place regards the stadium and I'm equally convinced they'll make January - where McGowan, Zaliukas, Webster and Others will be sold.

What I'd like to see is a bit more investigative journalism and have it explained why Hearts are getting away with other bills that other clubs are having to pay - level playing field and all that.

I'm baffled by all the references to them selling players in January. Roll up, Roll up, come check out the firesale at a bottom six SPL club.

Who is going to pay money for Webster? Hearts got him on a free by once again offering more wages than us but I dont recall many other teams being in for him.....that would pay a fee. His previous spell/s in England will likely ensure no offers from there. Macgowan will raise around 200k with him being out of contract in the summer. Zaliukas I believe is rated by some clubs but FFS, surely they would have cashed in on this dumpling if any offers had come in previously.

I hope they put on another cake and candy stall as they'd make more from the scouts on that than they would on players.

HoMFC - DEFERRING THE INEVITABLE

[shagpile]

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I presume they are counting on shifting their 3,900 tickets for the Scottish cup = £97,500 inc vat, plus share of the gate
How lucky that this game came along for them. Hibs have saved them.
Wonder if Rod has agreed to pay them their share on 2nd December to help them, we're that type of club

They don't get to keep their ticket sales AND share the rest of the gate money. The gate money gets shared equally between Hibs & hearts.

[Makaveli]

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#Hearts say HMRC deal possible due to some players agreeing to defer wage payments. #BBCSport@BBCchrismclaug

Am I being thick here? - if players are deferring their wages due on friday, then why do they also need an extension to paying HMRC the full amount on thursday?

Or should it be read as they need more time to sell some more fairy cakes as they completely skint?

This is the crux of it: they don't have the money for either.

It's all well and good to show the taxman that revenue is coming, but that future revenue would normally cover future expenditures. Where is the money for December's wages going to come from, assuming the November ones are ever paid?

[VickMackie]

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I presume they are counting on shifting their 3,900 tickets for the Scottish cup = £97,500 inc vat, plus share of the gate
How lucky that this game came along for them. Hibs have saved them.
Wonder if Rod has agreed to pay them their share on 2nd December to help them, we're that type of club

That would be brilliant. Then we bump them. Hahaha

[Billy Whizz]

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They don't get to keep their ticket sales AND share the rest of the gate money. The gate money gets shared equally between Hibs & hearts.

What I meant was they dont have to wait for the cash for the tickets they sell, plus they'll get a share of the total gate income

[#FromTheCapital]

So we pump them on the 2nd and they go bust on the 3rd. That would be an epic couple of days

[Emerald]

IF some sort of deal with the SPL has been struck to allow them to defer players wages, I'll be raging. The whole point of these sanctions was to punish clubs who signed players on big wages that they couldn't afford i.e. cheating. If they allow this to happen the SPL should get a list of all the players who are not receiving there wages and ban them from playing until they have been paid. Otherwise they are getting away with cheating again and the rest of the teams who have to play against these players may suffer because of it.

Cheating barstewards

[garys]

With all the clowns they have across the dark side o toon, them trying to get money from here, there and everywhere and deferred payments etc, I hope they have a good juggler!! it's one big circus there right enough!! :-D

[The_Sauz]

They are just living on borrowed time! I think they will need to get rid off at least 4 high earners in January just to get to the end of the season

[EuanH78]

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So we pump them on the 2nd and they go bust on the 3rd. That would be an epic couple of days

They will be able to make the payments in this scenario. The SC gate money will cover them there, looks like Hibs agreeing to get the tickets on sale just now has given them enough leverage to deal with the taxman. It looks hand to mouth for them. I cant see it being this £450k sinking them - maybe next time.

[jdships]

Well the dogs have been called off - for now at least
Now the problem is ' The world isn't going to stop to let them get off '
The club still has to be run , bills will still have to be paid , VAT will still be required to be paid , Nat Ins and Taxes will still have to be paid , wages paid , the debt has to be serviced etc etc .
It is going to take a massive refinancing to put HMFC on a normal working basis .
Looks awful like there will be major 'surgery' among the staff and their numbers come May 2013