Share Transfers Agreed/Cooling off period

[Baldy Foghorn]

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So what I have read today, in Metro, EEN website and last nights EEN, yams seem to want rid of Fester, they all seem to think they can sack him and get a new manager in! Now are these merricks that thick that they don't understand that in order to sack a manger they have to pay his contract up? Loved the bit in metro today, Fester stating "Everyone will be taking great delight at kicking us when we're down." Oh aye Fester old man, you don't know how much pleasure and delight we're taking from this situation, but it is all deserved, cheating fekwit

Straight out of the Derhun Bible, no-one likes us, no-one will help us......etc,etc,etc

[Russell The Dug]

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Straight out of the Derhun Bible, no-one likes us, no-one will help us......etc,etc,etc

Piss poor attempt at creating a siege mentality down at the pink ****hole because he's making an erse of the job.

He has a point though - after years of them over spending and acting like bad winning tossers this "other fan" is taking great delight ya jimmy saville looking prick

[green glory]

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McGlynn..." We just concentrate on the football. That's what we are paid to do. "

He`s having a laugh isn`t he...?

On 2 counts.

[Kato]

These people have zero shame and zero pride in what they do. For as long or as little as their downward slide lasts I'll be laughing and taking pleasure from their whimpering and bleating.

[green glory]

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Piss poor attempt at creating a siege mentality down at the pink ****hole because he's making an erse of the job.

He has a point though - after years of them over spending and acting like bad winning tossers this "other fan" is taking great delight ya jimmy saville looking prick

Steady, that's a bit uncalled for? Jimmy Savile indeed.

A beard and one of those furry hats being kicked about PBS and he'd be a dead ringer for Gary Glitter.

[Mikey]

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So what I have read today, in Metro, EEN website and last nights EEN, yams seem to want rid of Fester, they all seem to think they can sack him and get a new manager in! Now are these merricks that thick that they don't understand that in order to sack a manger they have to pay his contract up? Loved the bit in metro today, Fester stating "Everyone will be taking great delight at kicking us when we're down." Oh aye Fester old man, you don't know how much pleasure and delight we're taking from this situation, but it is all deserved, cheating fekwit

That's actually a pretty basic error from the plumber. You'll have to look long and hard to find a Hearts fan who'll admit that they're down.

[Pete]

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Straight out of the Derhun Bible, no-one likes us, no-one will help us......etc,etc,etc

The difference is that rangers probably would have finished second at worst if they hadn't overspent. Celtic were the big losers in that one.

Hearts on the other hand, have elevated themselves above many others who they should have been on a par with. Teams like Aberdeen, Motherwell, united and ourselves have been knocked out of tournaments and finished below where we should have because hearts have cheated.

Lots of teams will have absolutely no sympathy whatsoever if they fall apart. We've all suffered at their expense and they deserve all they get after living the high life on credit which they can't pay back.

[Kato]

Try mentioning "Financial Doping" on the Scotsman site. They don't like it.

[PatHead]

Not so sure Rangers would have always finished 2nd. Prior to the financial doping Rangers were not guaranteed 2nd place and often finished lower than that. It was them who raised the stakes that all the other clubs tried to compete with. Look at the state of Dundee, Dunfermline and Motherwell (when they went into Administration).

Their cheating hurt Scottish football far more than Hearts cheating did. However, both clubs deserve to go to the wall.

One down, one to go.

[Kato]

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Not so sure Rangers would have always finished 2nd. Prior to the financial doping Rangers were not guaranteed 2nd place and often finished lower than that. It was them who raised the stakes that all the other clubs tried to compete with. Look at the state of Dundee, Dunfermline and Motherwell (when they went into Administration).

Their cheating hurt Scottish football far more than Hearts cheating did. However, both clubs deserve to go to the wall.

One down, one to go.

It was only down to Vlad's vagaries that Hearts didn't have more success. Rangers' (RIP) financial doping raised the bar too far for many but Hearts' was just as bad a rung or two further down. How many of their players would have been plying their trade elsewhere without VR spending his banks depositors' cash?

[Dashing Bob S]

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Not so sure Rangers would have always finished 2nd. Prior to the financial doping Rangers were not guaranteed 2nd place and often finished lower than that. It was them who raised the stakes that all the other clubs tried to compete with. Look at the state of Dundee, Dunfermline and Motherwell (when they went into Administration).

Their cheating hurt Scottish football far more than Hearts cheating did. However, both clubs deserve to go to the wall.

One down, one to go.

I think Hearts financial doping will eventually be seen to be on a different level of corruption than Rangers. I say this because it's probable that Lithuanian banking and international law enforcement inquiries will eventually unearth the sources and purpose of their additional income. I think it will be from far dirty sources than the ETB's and for more nefarious purposes. The money to pay these inflated wages to these players came from somewhere and served a function, obviously beyond a Russian-based Lithuanian's desire to be altruistic to a Scottish club. Any Scottish club, given his previous bids. I believe Romanov, not entirely unreasonably, decided that Scottish football was a hopelessly corrupt backwater, based on sectarianism and OF pandering, and that the authorities and press would therefore ask very few questions about a club's owners or sources of money apparently coming into the game.

Now the SFA will be compelled to act on any findings the Lithuanian bankers/legal/law enforcement people arrive at. This could take time and potentially puts Hearts, as an entity, unable to participate in Scottish Football for the duration of these inquiries.

The Scotsman and the Edinburgh establishment and the football authorities and media apologists might not like the term 'financial doping' but it's going to gain plenty of moral and cultural currency with football supporters, who still, in spite of the way the game has been raped by money, aspire to a level playing field and sporting integrity. They may have to get used it.

[Golden Bear]

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I think Hearts financial doping will eventually be seen to be on a different level of corruption than Rangers. I say this because it's probable that Lithuanian banking and international law enforcement inquiries will eventually unearth the sources and purpose of their additional income. I think it will be from far dirty sources than the ETB's and for more nefarious purposes. The money to pay these inflated wages to these players came from somewhere and served a function, obviously beyond a Russian-based Lithuanian's desire to be altruistic to a Scottish club. Any Scottish club, given his previous bids. I believe Romanov, not entirely unreasonably, decided that Scottish football was a hopelessly corrupt backwater, based on sectarianism and OF pandering, and that the authorities and press would therefore ask very few questions about a club's owners or sources of money apparently coming into the game.

Now the SFA will be compelled to act on any findings the Lithuanian bankers/legal/law enforcement people arrive at. This could take time and potentially puts Hearts, as an entity, unable to participate in Scottish Football for the duration of these inquiries.

The Scotsman and the Edinburgh establishment and the football authorities and media apologists might not like the term 'financial doping' but it's going to gain plenty of moral and cultural currency with football supporters, who still, in spite of the way the game has been raped by money, aspire to a level playing field and sporting integrity. They may have to get used it.

"Nefarious" - now that's a new word for me. I had to research the meaning and you're spot on in the context that you've used it.

Ain't education a wonderful thing!

[Onion]

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The difference is that rangers probably would have finished second at worst if they hadn't overspent. Celtic were the big losers in that one.

Hearts on the other hand, have elevated themselves above many others who they should have been on a par with. Teams like Aberdeen, Motherwell, united and ourselves have been knocked out of tournaments and finished below where we should have because hearts have cheated.

Lots of teams will have absolutely no sympathy whatsoever if they fall apart. We've all suffered at their expense and they deserve all they get after living the high life on credit which they can't pay back.

McGlynn has accused others taking delight in Hearts dilemma. What a idiot, well suited to his horrible little club. The FACT is they have massively overspent and enjoyed the fruits of that financial doping for years, trampling on well run clubs in the process and lording it up on the terracings. Time has come to pay the piper, and they wonder why no one has any sympathy for them.

Just like the dead Huns, their day will come. Tick, tock you horrible little people

[Hibeesforever]

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I think Hearts financial doping will eventually be seen to be on a different level of corruption than Rangers. I say this because it's probable that Lithuanian banking and international law enforcement inquiries will eventually unearth the sources and purpose of their additional income. I think it will be from far dirty sources than the ETB's and for more nefarious purposes. The money to pay these inflated wages to these players came from somewhere and served a function, obviously beyond a Russian-based Lithuanian's desire to be altruistic to a Scottish club. Any Scottish club, given his previous bids. I believe Romanov, not entirely unreasonably, decided that Scottish football was a hopelessly corrupt backwater, based on sectarianism and OF pandering, and that the authorities and press would therefore ask very few questions about a club's owners or sources of money apparently coming into the game.

Now the SFA will be compelled to act on any findings the Lithuanian bankers/legal/law enforcement people arrive at. This could take time and potentially puts Hearts, as an entity, unable to participate in Scottish Football for the duration of these inquiries.

The Scotsman and the Edinburgh establishment and the football authorities and media apologists might not like the term 'financial doping' but it's going to gain plenty of moral and cultural currency with football supporters, who still, in spite of the way the game has been raped by money, aspire to a level playing field and sporting integrity. They may have to get used it.

I have to agree, the SPL and SFA have had plenty of time to prepare their respective defences for allowing their competitions to be hijacked by suspected money launderers.
The story is much more than just football. Brill Barry and Fester are correct to say nothing financial concerns them.

These questions will currently be the subject of the highest governmental committees.
Scottish and Westminister politicians should be doing more and be more visible. Mr Barry and Mr McGlynn do not seem to be capable of seeing the erroneous morality in their clubs ways.

I am sure many Heart of Midlothian supporters are confused why their club is such a Scottish societal embarrassment. This is after all supposed to be one of the most successful last twelve months they have ever had.

Who knows if Hearts will go bust and have to start in Div 3 but what is clear is that it would be a lot easier for Scottish football to thrive and regain its credibility if clubs that pursued business models like Mr Romanov just disappeared.

Even though it is Hearts, there is nothing community about foreign bankers ripping people off to buy worthless pieces of paper and blackmailing them into great bake-offs.

[steakbake]

On the share issue: I'm months behind. However, can anyone tell me what the outcome of that was and precisely how much these shares are now worth or what the purpose of them is/was?

[lucky]

Fester is quality, he actually sums them up completely. Bottom line is the puddledrinkers have spent their load and more at Vlad Vegas and now its time to settle their account and they don't like it. How gullible have they been. Vlad even screwed them for around a £1m before Xmas but not one of them is shouting about it. Surely his share issue con should be investigated by the authorities. Its rumoured that the BBC are going to have yam special of Hustle but canned it because no one is that gullible.

[Bighoose]

Picture that paints a thousand words

Just saw Hearts update on Reporting Scotland, camera cuts to club crest on stadium wall which has a big burd sheite splashed over it.

[JimBHibees]

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On the share issue: I'm months behind. However, can anyone tell me what the outcome of that was and precisely how much these shares are now worth or what the purpose of them is/was?

Vlad was skint.

[The_Todd]

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On the share issue: I'm months behind. However, can anyone tell me what the outcome of that was and precisely how much these shares are now worth or what the purpose of them is/was?

I gather they raised a fair amount, but nobody ever got any shares. Am I wrong on that?

[LeighLoyal]

Saw the BBC item. Not sure why they are not in administration, can't be far away.

[cocopops1875]

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I gather they raised a fair amount, but nobody ever got any shares. Am I wrong on that?

There was numbers given of over £1 Million raised, However nobody is sure if that was fans "investing" in shares or if this included the "donations" Made from drinking at Shan Boozers, Bake Sales and selling the clubs historical momentos, one thing that is certain is it was nowhere near the £1.75 million they were looking for

[PatHead]

Everyone will be taking great delight at kicking us when we're down.

Journalists yet again failing to ask simple questions. Where is the delight, who is "everyone" and how are they kicking you?


I think Hearts have had an easy ride for years, even their belated punishments were a farce - a signing ban outwith the transfer window, a ban on signing anyone on higher wages than they can't afford to pay already. What punishment is that?

The old Rangers trick, blame everyone elseand whatever happens don't act with humility or apologise.

He really should get fined for bringing the game into disrepute.

[cocopops1875]

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I gather they raised a fair amount, but nobody ever got any shares. Am I wrong on that?

Oh aye and Nobody has their certificate's yet and last i heard they share issue had not been registered (or something) Which is weird as they have always had a history of being on the register

[Col2]

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Saw the BBC item. Not sure why they are not in administration, can't be far away.

What did thy say?

[Mikey]

Picked this up from over the road.............

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I recently exchanged emails with a person who is close to the club, and asked for clarification on a number of matters. I'm not going to say who it is, but this person is close to the situation, so it can be assumed that the response is accurate. On this thread, I'm going to focus on the financial question.

Question: Can you provide an update on the financial status of the Club? Many people feel that the share issue, transfer fees, additional League Cup games, and improved attendances at home games should have been enough to secure our short-term future. Is this correct?

Reply:

Unfortunately not. The share issue raised £1.1m of a targeted £1.8m and while this was a remarkable achievement from everyone concerned it has still left a hole. The majority of the Ryan McGowan transfer fee (I cannot say what the fee was but you'll be aware a figure has been widely reported publicly) was already built in to the cashflow projections for 2012/13 financial year so there is very little uplift from this. The advance of Lee Wallace transfer money is simply cash shifting rather than going any way to closing the deficit. Improved attendances at homes games v St Mirren, Celtic, Aberdeen, Dundee Utd and Kilmarnock did help but this effort was diluted by the lower attendances for the games v Dundee and Inverness at the weekend. Ticket sales for this weekend's game v Motherwell and next Tuesday's game v St Johnstone are also suggesting that there will be no improvement in our deficit. To be fair to Sergej he used the expression that "it was back in the hands of the supporters" however being unable to fill the ground for the recent and remaining games means a deficit continues to exist.


One other major factor that has not been put in to the figures and is of relevance is that we currently sit 10th in the SPL and heaven forbid could sink to 11th after tomorrow night's game. The club projected a 6th place finish which should have been more than reasonable for a club and team of Hearts standing, playing budget, squad ability etc. However the reality now is that every "dropped place" in the SPL costs the club in the region of £80,000 (final TV revenues). That means finishing tenth will cost this club in the region of £320,000. Add to this the lost revenue from Top 6 games at Tynecastle against Celtic (over £100k) and Hibernian (over £100k) then the club has an additional cash shortfall against budget of over £500k.

[Andy74]

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Picked this up from over the road.............

Shame.

[DaveF]

"additional" suggets they were already short and that this guy is lumping another 500,000 on top.

Good stuff.

[PatHead]

Can someone create a grim reaper smiley. Think we will need it soon.

[Hibee Ryan]

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Picked this up from over the road.............

so his "source" didn't actually give him any information and just repeated "it's the fans fault" line that the club have been saying since the share issue by saying that the defecit is getting worse because of the falling attendances...

[leither17]

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Picked this up from over the road.............

Not all you will pick up over there lol