Share Transfers Agreed/Cooling off period

[Stevie Reid]

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Seen a preview of front page of Evening News tonight, some daft slag worth 40m has joined the consortium apparently.

Securing the support of the wealthy former Scottish & Newcastle IT manager is a coup for the consortium. She is not understood to be investing any capital in the bid at this stage, but will lend great business acumen and contacts.

[lapsedhibee]

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Securing the support of the wealthy former Scottish & Newcastle IT manager is a coup for the consortium. She is not understood to be investing any capital in the bid at this stage, but will lend great business acumen and contacts.

[Hibernia Na Eir]

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Agree, the players have no choice. No pay this month and tell everyone it has been agreed or loose your job at Christmas. The bottom line is Hearts can't afford these players but will use them anyway to cheat against every team they come up against. I hope St Mirren put in an official complaint if any of these players take the field against them. The sanctions have been loopholed, cheating wins again.

totally and utterly spot on.

[Stevie Reid]

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People forget that they still have to pay the players.

This is all just delaying the inevitable.

Not forgetting that at all CWG, but another month with the wages late may well have led to a points deduction and morale around the club dropping even lower. A technicality appears to have allowed them to avoid that, and it's frustrating - the longer they can put out a strong team, the better for them.

Whichever way you slice it, they're still not paying their players on time, and shouldn't be allowed to play those in question. It's still cheating, it's just that this kind of cheating is approved by the SPL.

[DaveF]

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Agree, the players have no choice. No pay this month and tell everyone it has been agreed or loose your job at Christmas. The bottom line is Hearts can't afford these players but will use them anyway to cheat against every team they come up against. I hope St Mirren put in an official complaint if any of these players take the field against them. The sanctions have been loopholed, cheating wins again.

Completely agree. The rest of the SPL clubs should be making strong complaints about this. Every one of them are being stiffed by the cheats again and again.

[PatHead]

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Securing the support of the wealthy former Scottish & Newcastle IT manager is a coup for the consortium. She is not understood to be investing any capital in the bid at this stage, but will lend great business acumen and contacts.

On listening to the radio yesterday evening I got the impression that the consortium were not putting money up either. They wanted Vlad to write off the debt and they would pay the tax bill. The money they were using would be a loan which they hoped to recoup at a later date once the mugs, er fans, had added to the pot.

[#FromTheCapital]

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On listening to the radio yesterday evening I got the impression that the consortium were not putting money up either. They wanted Vlad to write off the debt and they would pay the tax bill. The money they were using would be a loan which they hoped to recoup at a later date once the mugs, er fans, had added to the pot.

I wonder how much vlad wants for hearts?

[matty_f]

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On listening to the radio yesterday evening I got the impression that the consortium were not putting money up either. They wanted Vlad to write off the debt and they would pay the tax bill. The money they were using would be a loan which they hoped to recoup at a later date once the mugs, er fans, had added to the pot.

I think the consortium were miles off what Vlad will accept for the club, and I think he'd rather see it go to the wall than hand it over for a pittance.

The statement that the Yams put out yesterday made it clear that they expect the debt to be cleared in the purchase, or at least taken on, and that UBIG want money for the shares that they traded for equity.

There's no danger anyone's picking up a bargain here.

Anyone seriously wanting to invest in a football team would spend their money a lot more wisely by trying to buy Edinburgh's best football team instead.

[Golden Bear]

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Has the SPL or the PFA commented on the players' consenting to defer or reduce their wages this month? Presumably they can make this gesture 'for the good of their employers' but are they in breach of the rules and still liable for further sanctions?

A point which any journalist worth their salt would be jumping on but the only sure thing is that we'll hear absolutely zero.

[Jim44]

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You are making a huge assumption that the players on big salaries will move - they may sit tight, take the money, and wait til summer. We will see just how loyal certain players are during the window. Look at David Obua for example - they were champing to get him off the wage bill but he dug his heels in.

Oh the irony .......... These high-earners are going to hang around after January for wages which, by their own agreement, they are unlikely to receive?

[CropleyWasGod]

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A point which any journalist worth their salt would be jumping on but the only sure thing is that we'll hear absolutely zero.

It's been asked

The response was that it was a "contract amendment" and therefore doesn't count as non-payment.

[Mikey]

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Seen a preview of front page of Evening News tonight, some daft slag worth 40m has joined the consortium apparently.

£40m aint enough!!

[StevieC]

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Just a punchbag for Hibs in the future.

It's not going to be easy getting a derby game in when they are in the lower divisions.

[Sprouleflyer]

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£40m aint enough!!

Being worth £40M and having £40M are two entirely different things.

[hibIBZ]

am i right in saying that several of their big earners are out of contract in the summer? with hearts being desperate for cash i dont see them being able to demand much in transfer fees in january

[#FromTheCapital]

Hearts highest earners won't be in a rush to leave in January, no other club is going to pay them a fraction of what they earn at the moment because of one simple reason - they're *****!
Unless its been explained to them that they're going to have to leave which is surely a breach of contract. Either way January should be interesting and I don't think it will be the lifeline that they desperately need.

[CropleyWasGod]

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am i right in saying that several of their big earners are out of contract in the summer? with hearts being desperate for cash i dont see them being able to demand much in transfer fees in january

It's not so much about the transfer fees, ir's more about getting the wage bill down.

[KeithTheHibby]

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Securing the support of the wealthy former Scottish & Newcastle IT manager is a coup for the consortium. She is not understood to be investing any capital in the bid at this stage, but will lend great business acumen and contacts.

Superb, they need cash but this high flier is only on board in an advisory capacity!

I know hee haw about business but one look at that shower tells me they need money, not advice!

[Golden Bear]

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It's been asked

The response was that it was a "contract amendment" and therefore doesn't count as non-payment.

That's the way to go!

Keep on "amending contracts" and deferring payments and nothing can ever be classified as a non-payment.

Genius.

[CropleyWasGod]

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That's the way to go!

Keep on "amending contracts" and deferring payments and nothing can ever be classified as a non-payment.

Genius.

It can't go on, though. The SPFA will be involved, I'm sure, if it's suggested again in December.

[Jim44]

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It's been asked

The response was that it was a "contract amendment" and therefore doesn't count as non-payment.

This heartwarming loyalty is misguided and wrong.
It's the equivalent of an incestuously raped victim refusing to press charges against her attacker because she has family attachments to him. The authorities would not take the same point of view of the matter and would take appropriate action. The fact that the players have stupidly agreed to go along with the charade does not hide the fact that their employer has acted illegally and immorally. ' Contract ammendment', my @rse.

[clerriehibs]

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It can't go on, though. The SPFA will be involved, I'm sure, if it's suggested again in December.

It mskes the spl rule worthless ... Wr will only ever have contract amendments rather than late wages in future.

We shouldn't play the cup game. It's as explicit a cheat as you can get.

[jgl07]

How about a competition to see how many pages on this thread before Hearts are liquidated?

It was page 383 of the Rangers in Administration thread for this to be confirmed!

[Ross4356]

I was driving through the Cowgate last night (so my signal was bad) when the guy fronting the Hearts consortium was on the BBC Scotland, did I hear right that the land for the PBS is worth only 5m? Signal was poor

[Spike Mandela]

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That's the way to go!

Keep on "amending contracts" and deferring payments and nothing can ever be classified as a non-payment.

Genius.

Whilst the SPL may be toothless enough to not not use any new sanction on Hearts surely they will at leat extend the transfer embargo for a couple of months or more for further delay in wages payment, deferred or not.

Surely they wouldn't leave themselves open to removing embargo in December and watching Hearts brazenly signing players in January (even though they can't afford to).............or could they?

[Part/Time Supporter]

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It mskes the spl rule worthless ... Wr will only ever have contract amendments rather than late wages in future.

We shouldn't play the cup game. It's as explicit a cheat as you can get.

You can only have a contract amendment if both parties agree.

[southsider]

If the yams pay their vat & ni/paye quatrerly they may be in more trouble has been thought. HMRC give companies 30 days then start issuing fines etc then as a last resort a WUP. Therefore (and i dont know the due dates), it could be that the late payments are for May/June/July. This would mean that the NEXT quarter August/sept/october would be due 30th November......or in 16 days and all the present and future capital has been used. Just a thought.

[Jim44]

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It mskes the spl rule worthless ... Wr will only ever have contract amendments rather than late wages in future.

We shouldn't play the cup game. It's as explicit a cheat as you can get.

The SPL has seriously dug itself into a hole on with this.

[Bostonhibby]

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Securing the support of the wealthy former Scottish & Newcastle IT manager is a coup for the consortium. She is not understood to be investing any capital in the bid at this stage, but will lend great business acumen and contacts.

Thats that pesky lightbulb sorted for good now then. Wonder if she is any good at plumbing or asbestos disposal.

[Future17]

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I was driving through the Cowgate last night (so my signal was bad) when the guy fronting the Hearts consortium was on the BBC Scotland, did I hear right that the land for the PBS is worth only 5m? Signal was poor

Nah, you misheard. He was actually quoting the cost of five pieces of millionaire shortbread at the bake sale.