Share Transfers Agreed/Cooling off period

[AberdreamHibee]

Sounds like Hitlers last call to arms as the russians surrounded Berlin.

Answer your call to the fatherland! The traitors in our ranks will suffer as we pull through etc etc,

Nae joy yams.

[Spike Mandela]

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True, but in fairness I think they have trouble remembering that



I realise it's going to be an unpopular thing to say but you do have to admire the fact that a lot of ordinary fans have rallied round as best they can to try to save their club. The wisdom of this is another matter, as it may turn out to fail in the long run, but I'm sure a lot of us would have done the same thing if the shoe was on the other foot.

No admiration whatsoever. They are acting like sheep. None amongst them clever enough to think outside the box and take action to lead a campaign of non payment that will cleanse them of the Romanov regime for good.

I am so glad it is not me receiving a batch of worthless shares for my Christmas and will content myself with my Hibs stone, Hibs book, Hibs slippers and assorted trinkets as I raise a glass of mulled wine to our noisy neighbours.

[Ozyhibby]

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i don't believe for one minute that the share option alone has brought in £600k i think they are lumping in the tickets etc too

Agreed. I think they have to keep raising the figure to persuade the fans that the battle is ongoing and that progress is being made. I find it hard to believe that they have raised £100k since Monday. Why would anyone giving this week not already have put in as much as they could?

[7062]

When the hearts statement says 'as the clubs share offer reaches the half way mark', is the referring to a time limit on the share issue? (Cos they're not half way in terms of funds raised.)

I'm not clued up on stuff like share offers, but would have thought they'd have kept this open for as long as possible, unless there's a legal reason for there being a time limit.

[EH6 Hibby]

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When the hearts statement says 'as the clubs share offer reaches the half way mark', is the referring to a time limit on the share issue? (Cos they're not half way in terms of funds raised.)

I'm not clued up on stuff like share offers, but would have thought they'd have kept this open for as long as possible, unless there's a legal reason for there being a time limit.

I think it's more to do with the fact that they need the money as soon as possible, if they have a later end date, people will think they have plenty of time to buy them.

[Hibs07p]

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When the hearts statement says 'as the clubs share offer reaches the half way mark', is the referring to a time limit on the share issue? (Cos they're not half way in terms of funds raised.)

I'm not clued up on stuff like share offers, but would have thought they'd have kept this open for as long as possible, unless there's a legal reason for there being a time limit.

It gives them plenty time to identify signing targets for January, so they can start all the non payment of salaries in February.

[jacomo]

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No admiration whatsoever. They are acting like sheep. None amongst them clever enough to think outside the box and take action to lead a campaign of non payment that will cleanse them of the Romanov regime for good.

I am so glad it is not me receiving a batch of worthless shares for my Christmas and will content myself with my Hibs stone, Hibs book, Hibs slippers and assorted trinkets as I raise a glass of mulled wine to our noisy neighbours.

Back when I bothered to comment on Scotsman stories (years ago now, got bored of the ludicrous trolling and insults on there) I had exactly this discussion with some Yams.

If all this fundraising was for a post-Romanov future, I could understand it. But the only set up that is completely separate to Romanov - the Foundation of Hearts - is not raising money, and all the others are effectively getting money from the supporters to pay bills that Romanov can't or won't.

It's ludicrous.

[Keith_M]

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No admiration whatsoever. They are acting like sheep. None amongst them clever enough to think outside the box and take action to lead a campaign of non payment that will cleanse them of the Romanov regime for good.

I am so glad it is not me receiving a batch of worthless shares for my Christmas and will content myself with my Hibs stone, Hibs book, Hibs slippers and assorted trinkets as I raise a glass of mulled wine to our noisy neighbours.

Fair enough Spike, I take it all back

[CentreLine]

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The same SPL that wouldn't accept the Rangers' application to join?

The same SPL that tightened up its rules on PAYE payments, under which the only club to suffer has been Hearts?

Hardly bending over backwards....

To be fair, the same SPL that tried every possible avenue to keep the The Rangers before finally doing the right thing. But not before the game in Scotland was damaged beyond repair. The way that Doncaster and Reagan talked down Scottish football trying to justify a route back for the The Rangers was toe curling in the extreme and an open invitation for all future sponsors to look very closely at the product they are being asked to support.

"Bringing the game in to disrepute"? These are the guilty people with their supporting cast of the SPL Chairmen.

[weonlywon6-2]

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]i don't believe for one minute that the share option alone has brought in £600k i think they are lumping in the tickets etc too

[/B]

Was thinking that as well,they are boosting the figures to make it look good,wouldnt be like them to lie now is it

[euansdad]

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i don't believe for one minute that the share option alone has brought in £600k i think they are lumping in the tickets etc too

Personally, I wouldn't trust one word that came from that shower

[silverhibee]

27k made from baking cakes and face painting, aye right then.

[green glory]

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Posting to see if I get "a Hector" logo too!

It set me thinking about HB Fish..... Dear Rod, " Am ah cummin up the back or up the front"?

I know a few Jumbloids who are still keeping their powder dry in an effort to wait for "the end of all things" when they hope that they can then salvage whats left of their club. I'm torn between encouraging them to contribute now or to hold off.

Hard to see any other outcome than them playing at a much lower level for a year or two and probably renting from ER. Let's hope it's soon and that they are put out of their misery ASAP.

In a capitalist society it's really about time a senior club was simply allowed to fail as happened all those years ago to Third Lanark. For those younger readers, Thirds were a club with a long history etc etc (although they never won two wars mind you).

GGTTH

Actually they did. Third Lanarkshire Rifle Volunteers. So Hearts will be in good company if the go pop.

[Crazyhorse]

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When the hearts statement says 'as the clubs share offer reaches the half way mark', is the referring to a time limit on the share issue? (Cos they're not half way in terms of funds raised.)

I'm not clued up on stuff like share offers, but would have thought they'd have kept this open for as long as possible, unless there's a legal reason for there being a time limit.

I think you're probably looking in the wrong place for anything resembling accuracy or veracity in respect to financial issues.

[Part/Time Supporter]

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When the hearts statement says 'as the clubs share offer reaches the half way mark', is the referring to a time limit on the share issue? (Cos they're not half way in terms of funds raised.)

I'm not clued up on stuff like share offers, but would have thought they'd have kept this open for as long as possible, unless there's a legal reason for there being a time limit.

Yes. It was opened in late October and closes just before Christmas. They're only keeping it open for this period because they need the money in this period. If they can get to January they can shed payroll and there's income from the League Cup semi-final. They only then have to then limp through for a couple more months before they sell 2013/14 season tickets. The crunch point is really mid-December, as they have to pay two lots of wages at once (catching up the deferred wages from this month).

[clerriehibs]

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Yes. It was opened in late October and closes just before Christmas. They're only keeping it open for this period because they need the money in this period. If they can get to January they can shed payroll and there's income from the League Cup semi-final. They only then have to then limp through for a couple more months before they sell 2013/14 season tickets. The crunch point is really mid-December, as they have to pay two lots of wages at once (catching up the deferred wages from this month).

Except ... no haste required for catching-up with wages now. Thanks, spineless SPL.

[#FromTheCapital]

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Except ... no haste required for catching-up with wages now. Thanks, spineless SPL.

Surely if it was to go on for too long some of the players would stop 'agreeing' to having their wages deferred. Unsure if the SPL would do much though, transfer ban until the next transfer window opens again probably...they don't take any crap

[clerriehibs]

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Surely if it was to go on for too long some of the players would stop 'agreeing' to having their wages deferred. Unsure if the SPL would do much though, transfer ban until the next transfer window opens again probably...they don't take any crap

You'd think ... but the players have signed "adjusted contracts", and I suspect those contracts aren't definitive about how long the deferral may be.

[JeMeSouviens]

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You'd think ... but the players have signed "adjusted contracts", and I suspect those contracts aren't definitive about how long the deferral may be.

Nah, their players may be thick as pig**** but they'll have agents (and they can't all be represented by Medals ). I would think there'll be some scheme involved where the deferred wages can be made up from enlarged cuts of transfer fees or being given frees so they can pocket bigger signing on fees at new clubs.

[Ozyhibby]

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Nah, their players may be thick as pig**** but they'll have agents (and they can't all be represented by Medals ). I would think there'll be some scheme involved where the deferred wages can be made up from enlarged cuts of transfer fees or being given frees so they can pocket bigger signing on fees at new clubs.

I can't think of any of their players who are worth money to a buying club. The better players they have are all out of contract in the summer.

[JeMeSouviens]

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I can't think of any of their players who are worth money to a buying club. The better players they have are all out of contract in the summer.

They only have to be worth >1 month's wages.

[clerriehibs]

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Nah, their players may be thick as pig**** but they'll have agents (and they can't all be represented by Medals ). I would think there'll be some scheme involved where the deferred wages can be made up from enlarged cuts of transfer fees or being given frees so they can pocket bigger signing on fees at new clubs.

Neither of the solutions you suggest might be used by hmfc would result in the SPL chasing them for late wages. They've got round it - SPL don't care.

[YehButNoBut]

According to the Scotsman they have to raise an additional £250k by mid December on top of the other amounts, the Yams better get the flour & face paint out again.

Hearts must find another £250,000 to pay players

HEARTS must raise an additional £250,000 by the middle of next month in order to avoid further disciplinary action from the Scottish Premier League, The Scotsman understands.

The money is required to pay two months’ salaries to playing staff, who agreed to defer their November wages until next month.

http://www.scotsman.com/sport/footba...yers-1-2650243

[lord bunberry]

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According to the Scotsman they have to raise an additional £250k by mid December on top of the other amounts, the Yams better get the flour & face paint out again.

Hearts must find another £250,000 to pay players

HEARTS must raise an additional £250,000 by the middle of next month in order to avoid further disciplinary action from the Scottish Premier League, The Scotsman understands.

The money is required to pay two months’ salaries to playing staff, who agreed to defer their November wages until next month.

http://www.scotsman.com/sport/footba...yers-1-2650243

The spl won't impose any meaningful sanctions as they won't want to be seen as the ones who put the final nail in the coffin

[marinello59]

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The spl won't impose any meaningful sanctions as they won't want to be seen as the ones who put the final nail in the coffin

They will hit them with the relevant sanctions as per the new rules.

[lord bunberry]

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They will hit them with the relevant sanctions as per the new rules.

I think that will depend on what the next set of sanctions are if they are something that would possibly tip them over the edge then they won't impose them and lets face it if it were any club other than hearts we would probably agree with them

[dangermouse]

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I think that will depend on what the next set of sanctions are if they are something that would possibly tip them over the edge then they won't impose them and lets face it if it were any club other than hearts we would probably agree with them

I would expect an extension of the signing embargo and possibly a suspended points deduction.

[Billy Whizz]

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I would expect an extension of the signing embargo and possibly a suspended points deduction.

Who would sign for them in this state

[#FromTheCapital]

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Who would sign for them in this state

You'd be surprised, beattie signed for them last season amongst all the wage problems, albeit they weren't in as bad a state as they are now.

Skacel would bend over and even put their cock in his hole for them to help out

[Jack Hackett]

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You'd be surprised, beattie signed for them last season amongst all the wage problems, albeit they weren't in as bad a state as they are now.

Skacel would bend over and even put their cock in his hole for them to help out

I think Beattie was paid in full up front, and this contributed to the late payments the following month.