Share Transfers Agreed/Cooling off period

[Leithenhibby]

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I called the Council F O I office yesterday and got told they had not quite got all the info. yet but it would be sent out in the next couple of days.

Don't worry I'm on their case. . Hibs.net will be the first to Know !

..... haha

[DaveF]

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I called the Council F O I office yesterday and got told they had not quite got all the info. yet but it would be sent out in the next couple of days.

Don't worry I'm on their case. . Hibs.net will be the first to Know !

Good stuff. Slightly disappointing that they say they are sending it out, which could well mean everything is up to date. Look forward to seeing what the situation is though.

[YehButNoBut]

It seems that Serge is confident that Hearts will have the wages paid in time this month so that they can sign players in January. Although no mention if this will include both November & December salaries.


http://www.scotsman.com/sport/footba...time-1-2685331

Hearts director says players will be paid on time

HEARTS director Sergejus Fedotovas is confident that the club will pay players’ wages on time this month. Provided salaries are processed by the due date of December 16, Hearts will have their transfer embargo lifted and be free to sign players during January’s transfer window.

Players and coaches are due to receive their pay this weekend after agreeing to defer last month’s salaries. Those have been paid up to date so far and Hearts predict no problems processing this month’s payments on time after more than £1million poured into Gorgie in the last month. “I am confident we will pay the wages on time. We are working towards that and I don’t foresee any problems,” 
Fedotovas told the Evening News.

Hearts are operating under a transfer embargo imposed by the Scottish Premier League until 
December 23. The sanction was imposed as punishment for paying 
players late in October, and the SPL today pledged to lift the embargo if this month’s salaries arrive as scheduled. “Assuming there are no further breaches of the rules, then the transfer embargo will be automatically removed on December 23 and the club will be free to sign players thereafter,” said an SPL spokesperson.

Hearts fans have generated over £700,000 of income for the club through a share issue, which runs until December 19. A £300,000 instalment arrived from Rangers at the end of last month as part of David Templeton’s transfer deal. Those monies are being used to help make up a shortfall in income estimated at around £2 million.

Plans are already in place to recruit new players in January, with the Lithuanian international striker Arturas Rimkevicius expected to train with the Hearts first team at Riccarton today. He scored 41 goals in 38 games in all competitions this year and is seen as a possible solution to the club’s goalscoring problems.

[Peevemor]

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It seems that Serge is confident that Hearts will have the wages paid in time this month so that they can sign players in January. Although no mention if this will include both November & December salaries.


http://www.scotsman.com/sport/footba...time-1-2685331

Hearts director says players will be paid on time
HEARTS director Sergejus Fedotovas is confident that the club will pay players’ wages on time this month. Provided salaries are processed by the due date of December 16, Hearts will have their transfer embargo lifted and be free to sign players during January’s transfer window.

Players and coaches are due to receive their pay this weekend after agreeing to defer last month’s salaries. Those have been paid up to date so far and Hearts predict no problems processing this month’s payments on time after more than £1million poured into Gorgie in the last month. “I am confident we will pay the wages on time. We are working towards that and I don’t foresee any problems,” 
Fedotovas told the Evening News.

Hearts are operating under a transfer embargo imposed by the Scottish Premier League until 
December 23. The sanction was imposed as punishment for paying 
players late in October, and the SPL today pledged to lift the embargo if this month’s salaries arrive as scheduled. “Assuming there are no further breaches of the rules, then the transfer embargo will be automatically removed on December 23 and the club will be free to sign players thereafter,” said an SPL spokesperson.
Hearts fans have generated over £700,000 of income for the club through a share issue, which runs until December 19. A £300,000 instalment arrived from Rangers at the end of last month as part of David Templeton’s transfer deal. Those monies are being used to help make up a shortfall in income estimated at around £2 million.

Plans are already in place to recruit new players in January, with the Lithuanian international striker Arturas Rimkevicius expected to train with the Hearts first team at Riccarton today. He scored 41 goals in 38 games in all competitions this year and is seen as a possible solution to the club’s goalscoring problems.

"Those have been paid up to date so far". I'm not sure what that means - it reads like the deferred wages are being paid in instalments.

[SHODAN]

Pretty good going for them - so long as they pay the players they currently have at the club they can play all the players they sign for free until the end of the season!

Because make no mistake, that is exactly what they'll do. ****ing pathetic.

[JimBHibees]

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"Those have been paid up to date so far". I'm not sure what that means - it reads like the deferred wages are being paid in instalments.

Reads like they will be paying the players a month later than they should have e.g November in December, December in January.

[PatHead]

According to a learned friend, Romanov cannot go back to the mugs with another share issue for 12 months from the closure of this one. Anyone confirm or deny this?

If so that will really screw up their cash flow as they will have to rely on face painting and cakes for the players wages.

[Suburban Hibby]

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According to a learned friend, Romanov cannot go back to the mugs with another share issue for 12 months from the closure of this one. Anyone confirm or deny this?

If so that will really screw up their cash flow as they will have to rely on face painting and cakes for the players wages.

Sure that was confirmed when they announced the deal with HMRC

[Jack Hackett]

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According to a learned friend, Romanov cannot go back to the mugs with another share issue for 12 months from the closure of this one. Anyone confirm or deny this?

If so that will really screw up their cash flow as they will have to rely on face painting and cakes for the players wages.

No worries on that score. They'll just start pre selling next seasons books in February (Cash only please, no Cheques or Credit Cards), with a 'Save your club, or else' premium added to the price.

.....I'm actually surprised they haven't offered their 'simple' fans a photo opportunity with the cup, as they did with the schools. Signed by the participating players...Oh, wait a minute...that would be short a few sigs by now....even fewer next month

[Jim44]

The Lithuanian has started training with the Jambos with a view to signing when the embargo is lifted. Feditovas says he is confident the players will be paid on time. "we are working on it.". Given that the money has effectively to be up front by the weekend they are sailing close to wind if he can't say categorically ' the money is there and WILL be paid on time.

[Golden Bear]

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The Lithuanian has started training with the Jambos with a view to signing when the embargo is lifted. Feditovas says he is confident the players will be paid on time. "we are working on it.". Given that the money has effectively to be up front by the weekend they are sailing close to wind if he can't say categorically ' the money is there and WILL be paid on time.

Unfortunately it won't make any difference Jim as they'll squirm there way out of it yet again.

[The Green Goblin]

I wonder if its the fans money which will be settling the players' wages?

Absolutely jaw-droppingly unbelievable that there is even any suggestion of them signing new players in January.

[cabbageandribs1875]

imagine fans having to pay extra for players salaries do the players not feel embarrassed relying on joe public to directly pay their wages

[TrinityHibs]

I'm pretty sure I voted drop Hertz down to a lower league in the poll. How do I change it to not exist anymore because I've had enough of them?

[KeithTheHibby]

The facts?

They needed 2m to make it through to the end of the seaon?

They have raised 700k through shares, extra gate receipts, cake sales etc.?

Fedidooda warned that unless they made the magical 2m then players would be sold in January to make up the shortfall?


I really don't understand how they are even in a position to even consider signing players when it is clear they need to sell to make it through to the end of the season?

[CropleyWasGod]

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The facts?

They needed 2m to make it through to the end of the seaon?

They have raised 700k through shares, extra gate receipts, cake sales etc.?

Fedidooda warned that unless they made the magical 2m then players would be sold in January to make up the shortfall?


I really don't understand how they are even in a position to even consider signing players when it is clear they need to sell to make it through to the end of the season?

It isn't about selling, though. It's about reducing the wage bill. Getting rid of lots of high earners, if they'll go, and partly replacing them with cheap imports makes a certain amount of sense.

[Peevemor]

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The facts?

They needed 2m to make it through to the end of the seaon?

They have raised 700k through shares, extra gate receipts, cake sales etc.?

Fedidooda warned that unless they made the magical 2m then players would be sold in January to make up the shortfall?


I really don't understand how they are even in a position to even consider signing players when it is clear they need to sell to make it through to the end of the season?

Plus they have a £500k back tax instalment to pay in May.

[Onion]

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imagine fans having to pay extra for players salaries do the players not feel embarrassed relying on joe public to directly pay their wages

Twice They're already paying for their wages through STs and gate money, now they are having to bake cakes and buy shares to do it all over again

[SHODAN]

So what happens if they refuse to sell anyone, then beg for more money?

[matty_f]

I don't think the Templeton money can be considered in their fundraising as they had planned for that already. The £2m they needed to raise was over and above that afaik.

It's looking more and more like their fans have been taken for a ride with this whole thing.

[Spike Mandela]

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So what happens if they refuse to sell anyone, then beg for more money?

They will continue to beg and they will do this in tandem with not paying players until next years season ticket money is due to come in. They will have League Cup revenues to factor in as well.

[Saorsa]

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I don't think the Templeton money can be considered in their fundraising as they had planned for that already. The £2m they needed to raise was over and above that afaik.

It's looking more and more like their fans have been taken for a ride with this whole thing.

you would certainly hope so

[Bighoose]

http://www.scotsman.com/scotland-on-sunday/webchats

Theres been a webchat hosted by Moira Gordon on the go since 12.00 and there's only been about 5 punters on.

And all seem to appreciate they are donald ducked. One bloke has bought/gifted £2k for "shares".

[Leithenhibby]

I think it's fair to say that we can expect more nonsense from Tynecastle as the 19th approaches

As long as there is a chance to screw the fans for more cash then that will be the way they go

[Bostonhibby]

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Twice They're already paying for their wages through STs and gate money, now they are having to bake cakes and buy shares to do it all over again

Shocking, if they had anything about them the Yammish would cut out the middle men here and give the cakes directly to the players. Have they no organisation or leadership? Doing it this way means nothing can be creamed off the top by the Liths

Mind you who knows what they use as cake topping down Gorgie way.

[Part/Time Supporter]

http://www.express.co.uk/posts/view/...-in-wages-fury

HEARTS players will warn the Tynecastle hierarchy they won’t be so accommodating in taking future wage deferrals if the club go out and add to their wage bill in January.

[VickMackie]

Their fans biggest problem is the fact the 2 million hasn't been broken down.

Does it contain future planned income e.g. Templeton cash.
Has it been reforecast following the Scottish Cup draw against us?
Was it based on them finishing in a certain position in the league e.g. top 6? Remember there is about 80k per place up for grabs and larger attendance against Celtic (at least).
Is the 2 million based on keeping all players on existing contracts til the end of the season?
etc etc etc

I suspect they'll be offering this guy 1k a week (25-30 grand til the end of the season) or so and if he can score the goals that put them 1 or 2 positions up the league it will be a great investment for them. The player will be up for it to get a more lucrative move. That would be my interpretation anyway.

[James70]

http://www.heartsfc.co.uk/articles/2...241384_3007686

Shame on the 396,800 fans who haven't applied for the share offer!

[Saorsa]

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http://www.heartsfc.co.uk/articles/2...241384_3007686

Shame on the 396,800 fans who haven't applied for the share offer!

[VickMackie]

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http://www.heartsfc.co.uk/articles/2...241384_3007686

Shame on the 396,800 fans who haven't applied for the share offer!

Average of 250 quid each which is pretty decent to be honest.

However, if 400,000 of them averaged out at 250 they'd have raised 100,000,000. That would be the 50 million for Romanov and 50 million towards the super dome. Then all they'd need to do is raise anoter 2 million via bake sales to add to the 50 for the stadium to complete it (it was 52 million wasn't it?!).