Share Transfers Agreed/Cooling off period

[Hibbyradge]

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How have Dundee got a worse rating than Hearts?

I'm guessing it's because they are still living with the after effects of administration.

Pie and Bovril ‏@pieandbov
Not sure of the credit status of #Dundee. The Ltd company has an E rating with a status of "Voluntary Arrangement" and no score !

[Bostonhibby]

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How have Dundee got a worse rating than Hearts?

Was thinking the same thing, maybe its because Hertz are a "big team" so they get 9 points?

[Craig_in_Prague]

Seen on FB that McGowan will take shirt 51 in his new team.
Is it just me, or do others not find this weird.
I mean, they have had to move on because THEY were overpaid in the 1st place.
That is the single reason they've won 2 cups under Romanov.

I also seen one persons potential last post on FB (he appeared to be going for some operation... don't know....) anyway his last potential words were to thank Paulo Sergio for may 2012. Best day of his live.

I can understand winning the SC, and against your rivals, is a huge thing.

But aint there 1 single yam with half a brain cell, that can acknowledge their wins have been tainted (and time will tell) which could also kill their club.

Oh well.
I might be petty, but any 'friends' that constantly bleet on about 5-1, are getting deleted one by one.

2013 - please be the year these window licking, cheating **** die.

[Caversham Green]

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They claim to have needed £2m to see them through the season, plus this deferred £1m.
Was this taking into account the ST sales, which they'll generate from April onwards?
They obviously spent last year's ST cash early, perhaps they're planning on doing the same this year.

All this just backs up Cav's previous post.

Be it quick or slow ( and I prefer ssssslllooowwww) they're dead!

The £2m deficit would have been based on a cash-flow analysis rather than an accounting one, so it would almost certainly have taken 2013-2014 ST sales into account - meaning that they will be spending next season's income to survive to the end of this season.

On the debt-servicing point raised by c31, it's possible that UBIG are now taking payment for the interest rather than turning it into further debt - if they are in the state they appear to be in they will need those payments in cash. Interest charges in HoMFC's last available accounts were £1.438m - that's £120k per month, but that will have increased last year so £160k may not be far off. For the same year Hibs' interest charges were £149k - about a tenth of theirs.

[Hibbyradge]

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Seen on FB that McGowan will take shirt 51 in his new team.
Is it just me, or do others not find this weird.
I mean, they have had to move on because THEY were overpaid in the 1st place.
That is the single reason they've won 2 cups under Romanov.

I also seen one persons potential last post on FB (he appeared to be going for some operation... don't know....) anyway his last potential words were to thank Paulo Sergio for may 2012. Best day of his live.

I can understand winning the SC, and against your rivals, is a huge thing.

But aint there 1 single yam with half a brain cell, that can acknowledge their wins have been tainted (and time will tell) which could also kill their club.

Oh well.
I might be petty, but any 'friends' that constantly bleet on about 5-1, are getting deleted one by one.

2013 - please be the year these window licking, cheating **** die.

It's not true.

[Jim44]

The McGowan 51 shirt number is a Jambo wind up on Wiki. On the McGowan subject, the idiots on KB are ranting on about an article (EEN I think) about McGowan's departure to China which is 90% made up of an interview with McCoist saying basically that Sevco are monitoring the situation and inferring they will still eventually get him to Ibrox.
They're also peed off that the article ends up with a reference to McGowan's last game being a 1-0 defeat to Killie. They claim that the EEN/Scotsman are anti Jambo but forget to acknowledge that, with Bathgate at the helm, the Scotsman is the biggest Jambo rag in existence.

[CyberSauzee]

Interesting to see how desperate they still are for cash.

They're advertising "February and March packages" here:

http://www.heartsfc.co.uk/articles/2...41460_3033669?

Over the next couple of months we've got a run of great games taking place at Tynecastle Stadium and each one is scheduled to kick-off at 3pm on a Saturday afternoon.

The fixtures include:

· Hearts v Kilmarnock, Saturday 16th February
· Hearts v Inverness CT, Saturday 23rd February
· Hearts v St Johnstone, Saturday 16th March
· Hearts v Ross County, Saturday 6th April

Although it also includes their last game before the split in April three months away. I think as Greenginger (or someone else) pointed out a fortnight or so ago their remaining home fixtures are not exactly going to fill the coffers.

Mid to end March they'll be starting to get in season ticket money for next year, a large chunk of which will be used for this season's costs, plus £500k to HMRC in May IIRC. Can expect to see a seriously weakened side for them next season going by the figures posted by Cav.

[Seveno]

I wonder when they will announce their ST sales for next season. Was it not about February last year ?

And will they try the 'dynamic pricing' trick again that so upset the Jamboids. Cash only will be a certainty.

[Leithenhibby]

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Interesting to see how desperate they still are for cash.

They're advertising "February and March packages" here:

http://www.heartsfc.co.uk/articles/2...41460_3033669?



Although it also includes their last game before the split in April three months away. I think as Greenginger (or someone else) pointed out a fortnight or so ago their remaining home fixtures are not exactly going to fill the coffers.

Mid to end March they'll be starting to get in season ticket money for next year, a large chunk of which will be used for this season's costs, plus £500k to HMRC in May IIRC. Can expect to see a seriously weakened side for them next season going by the figures posted by Cav.

In fairness, so are we Times are hard for all Scottish clubs at the moment.

Just worse for them

http://www.hibernianfc.co.uk/page/Cu...,10290,00.html

[WindyMiller]

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The £2m deficit would have been based on a cash-flow analysis rather than an accounting one, so it would almost certainly have taken 2013-2014 ST sales into account - meaning that they will be spending next season's income to survive to the end of this season.

On the debt-servicing point raised by c31, it's possible that UBIG are now taking payment for the interest rather than turning it into further debt - if they are in the state they appear to be in they will need those payments in cash. Interest charges in HoMFC's last available accounts were £1.438m - that's £120k per month, but that will have increased last year so £160k may not be far off. For the same year Hibs' interest charges were £149k - about a tenth of theirs.

As I suspected.

It will just mean them living from hand to mouth for the foreseeable future, players released and crowd numbers will slip as they get tired of the constant pleading for cash and poorer performances.

They have got some decent young talent there, but if they show any real promise they'll have to be sold.
Obviously this is no different to any other team in Scotland, outside the O.F., but we at least know that profit from sales will go to improve the club not be shipped out to Lithuania.

[Fat Penlon]

A few mentions in todays papers that driver was next out the door. Wish the fire sale would speed up a bit!

[dchibs]

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I think that if they do go bust we ALL should go ER in a green manki and two big 5-1 foam hands, now that would be a specticle worth seeing!

I Was hopeing it would happen before the summer.

[Ozyhibby]

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A few mentions in todays papers that driver was next out the door. Wish the fire sale would speed up a bit!

Don't want to see a fire sale at all. These guys are costing them a fortune and they are rubbish. Hope they all stay.

[#FromTheCapital]

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Don't want to see a fire sale at all. These guys are costing them a fortune and they are rubbish. Hope they all stay.

This. They're crap enough for now and still spending fortunes on these players. I hope they keep their current squad till the end of the season then they are guaranteed to lose all the high earners without a fee. They were very lucky to get 400k for McGowan who was out of contract at the end of the season and wasn't that good anyway.

[IWasThere2016]

Hertz do not exist anymore - 480 (50.69%)
Hertz survive but play in a lower league - 340 (35.90%)
Hertz survive and stay in SPL - 28 (2.96%)
Don't care about them - 99 (10.45%)

Just looking at the results of this poll - I just cannae understand what the non-480 are thinking about! Each to their own I suppose..

[StevieC]

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Hertz do not exist anymore - 480 (50.69%)
Hertz survive but play in a lower league - 340 (35.90%)
Hertz survive and stay in SPL - 28 (2.96%)
Don't care about them - 99 (10.45%)

Just looking at the results of this poll - I just cannae understand what the non-480 are thinking about! Each to their own I suppose..

My guess is they mean "Hearts" in their current guise, ala "The Rangers".

There will always be a "Hearts", even if they have to start from scratch, as there are too many supporters for them to simply disappear.

I suppose the worst case from a Hearts point of view would be a NewCo starting at the bottom of the lowest division and ground sharing. Not too sure what the best case scenario for them is at the moment, a lot of issues that wont just go away.

The final outcome will probably lie somewhere in betweeen, but as long as Vlad pulls the strings I suppose it can only be speculation.

[Russell The Dug]

I'm surprised there has been no bids for Zaliukas, 6 months left on contract best player in a Scotland/uk/Europe surely there's no way he will stay will he?

[Keith_M]

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Hertz do not exist anymore - 480 (50.69%)
Hertz survive but play in a lower league - 340 (35.90%)
Hertz survive and stay in SPL - 28 (2.96%)
Don't care about them - 99 (10.45%)

Just looking at the results of this poll - I just cannae understand what the non-480 are thinking about! Each to their own I suppose..

FWIW, my preference is that they are seriously affected financially for the foreseeable future with Hibs having years of dominance over them. I want to see Hibs winning on the park, not some pseudo victory where they disappear and we get no chance of any payback where it really counts.


I think there have been quite a few posts from others on this thread saying the same thing.

[#FromTheCapital]

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My guess is they mean "Hearts" in their current guise, ala "The Rangers".

There will always be a "Hearts", even if they have to start from scratch, as there are two many supporters for them to simply disappear.

I suppose the worst case from a Hearts point of view would be a NewCo starting at the bottom of the lowest division and ground sharing. Not too sure what the best case scenario for them is at the moment, a lot of issues that wont just go away.

The final outcome will probably lie somewhere in betweeen, but as long as Vlad pulls the strings I suppose it can only be speculation.

Two? I thought there was 400,000

[StevieC]

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Two? I thought there was 400,000

D'Oh!

I'm usually a pedant when it comes to grammar as well.

[lapsedhibee]

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D'Oh!

I'm usually a pedant when it comes to grammar as well.

Spelling should be either D'oh! or D'OH!

http://www.youtube.com/watch?v=g6GuEswXOXo

[Spike Mandela]

Is McGowan deal signed and sealed yet or are Sevco still sniffing about then?

[StevieC]

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Spelling should be either D'oh! or D'OH!

D'OH!

[greenginger]

http://wck2.companieshouse.gov.uk//wcprodorder?incexc=1

I see there has been 5 new statements relating to the " satisfaction of a charge " add to the Heart's Companies House record.

They relate to loans from Bank of Scotland and S & N Brewers and are are all historical.Vlad said he paid all these debts back in the Yam Happy Times after all.

I am just wondering if this is just a bit of innocent house tidying or the preparations for something more interesting ?

[Ozyhibby]

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My guess is they mean "Hearts" in their current guise, ala "The Rangers".

There will always be a "Hearts", even if they have to start from scratch, as there are too many supporters for them to simply disappear.

I suppose the worst case from a Hearts point of view would be a NewCo starting at the bottom of the lowest division and ground sharing. Not too sure what the best case scenario for them is at the moment, a lot of issues that wont just go away.

The final outcome will probably lie somewhere in betweeen, but as long as Vlad pulls the strings I suppose it can only be speculation.

What happens to Tynecastle is the key to whether a newco gets up and running.
If they want Tynecastle the asking price will be about £7m. There is no way it is worth that as a football stadium and it would need at least another £10m spent on it within 5-10 years.
A Newco ground sharing would be a hard sell as well.
Share Murrayfield and have no atmosphere at games, High rent and a poor playing surface.
Share Easter road and have to pay rent to your greatest rivals, endure a boycott from some supporters and shell out about £1m in rent p.a.
Share Livingston and watch crowds dwindle.
Securing Tynecastle is key and I don't see anyone willing to put in that much money and no bank will lend that kind of money to a start up football club.
My point is that your statement 'there will always be a Hearts' may be correct but there are a lot of reasons that it could be wrong.
Happy Days.

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http://wck2.companieshouse.gov.uk//wcprodorder?ft=1

I see there has been 5 new statements relating to the " satisfaction of a charge " add to the Heart's Companies House record.

They relate to loans from Bank of Scotland and S & N Brewers and are are all historical.Vlad said he paid all these debts back in the Yam Happy Times after all.

I am just wondering if this is just a bit of innocent house tidying or the preparations for something more interesting ?

It appears that someone is getting all their ducks in a row for an insolvency event.

[Treadstone]

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This. They're crap enough for now and still spending fortunes on these players. I hope they keep their current squad till the end of the season then they are guaranteed to lose all the high earners without a fee. They were very lucky to get 400k for McGowan who was out of contract at the end of the season and wasn't that good anyway.

I don't believe that amount for a second. it came down from 500k to 400k with add-ons in two days and I don't doubt this is PR at work.

[JeMeSouviens]

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What happens to Tynecastle is the key to whether a newco gets up and running.
If they want Tynecastle the asking price will be about £7m. There is no way it is worth that as a football stadium and it would need at least another £10m spent on it within 5-10 years.
A Newco ground sharing would be a hard sell as well.
Share Murrayfield and have no atmosphere at games, High rent and a poor playing surface.
Share Easter road and have to pay rent to your greatest rivals, endure a boycott from some supporters and shell out about £1m in rent p.a.
Share Livingston and watch crowds dwindle.
Securing Tynecastle is key and I don't see anyone willing to put in that much money and no bank will lend that kind of money to a start up football club.
My point is that your statement 'there will always be a Hearts' may be correct but there are a lot of reasons that it could be wrong.
Happy Days.

There's also the possibility that UBIG could keep Tiny and give what's left to the Foundation of the Hardup, charging them rent. That relies on UBIG not desperately needing the cash right enough ...

[jgl07]

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There's also the possibility that UBIG could keep Tiny and give what's left to the Foundation of the Hardup, charging them rent. That relies on UBIG not desperately needing the cash right enough ...

I cannot see that happening. The capitalized value of the rental that a Hearts Newco could pay would be way below the market price as a vacant lot. UBIG appear to be totally strapped for cash.

I presume that the planning permission that was given for the Cala scheme will now have lapsed. But having already given planning permission once for housing it would be very hard for the City Council to win a planning appeal if they rejected an application now.

If Hearts were stating in SFL3 (or in the 18-team National League), the best option would probably be Livingstone (unless they could fit into Spartans Ground or Meadowbank). Easter Road or Murrayfield would be non-starters at that level.

[Hibrandenburg]

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FWIW, my preference is that they are seriously affected financially for the foreseeable future with Hibs having years of dominance over them. I want to see Hibs winning on the park, not some pseudo victory where they disappear and we get no chance of any payback where it really counts.


I think there have been quite a few posts from others on this thread saying the same thing.

Pseudo victory?

Can't think of any better victory than watching your Nemesis die before your eyes. Even better if you get to play an active role in their demise.

[IndieHibby]

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That will be this site that you are talking about ..........

http://www.foundationofhearts.org/create-history/

£100 pledged.