Share Transfers Agreed/Cooling off period

[SurferRosa]

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Some geezer has came up with the perfect solution to their problems:

"Still think we should have a survival match at Murrayfield. 67000 fans at £40-50 each with the proceeds to be held in a trust and used to pay running costs. 06 v 12 with Paulo and Hartley etc. The money should go nowhere near Romanov."

£40-50 EACH and he expects 67000 people to go to this game?! Hahahaha, they're off their rockets

Michty, that`s brilliant.

The level of delusion in the minds of these idiots is utterly staggering. I bet they think the Earth is flat.

67000 morons at 50 quid a head....

[Mikey]

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Yep, the Hearts Chairman, Roman Romanov will answer all these questions next time he is at Tynecastle.

I don't think he has been seen for over 5 years !

Is he hiding out in Russia with his old man?

[Northernhibee]

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Some geezer has came up with the perfect solution to their problems:

"Still think we should have a survival match at Murrayfield. 67000 fans at £40-50 each with the proceeds to be held in a trust and used to pay running costs. 06 v 12 with Paulo and Hartley etc. The money should go nowhere near Romanov."

£40-50 EACH and he expects 67000 people to go to this game?! Hahahaha, they're off their rockets

Or even better, they make 400,000 scones and sell them for a tenner each to each of their fans, or as a job lot to Christian Nade for his lunch.

Got a few ideas for that lot to raise funds.

- A John McGlynn organised fashion show
- A Marius Zaliukas keep-fit video
- A DVD of all of the great goals Zaliukas has scored or created for Hibs in the Edinburgh derbies
- Strictly Come Dancing with Callum Elliot
- Proposing an imaginary "pump all yer cash into these suitcases" 'share' issue idea on Dragon's Den

Any other suggestions to help out our neighbours?

[PatHead]

A Mr "Good looking Hearts" competition with Stevie Fulton and thousands of supporters.

[lapsedhibee]

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Proposing an imaginary "pump all yer cash into these suitcases" 'share' issue idea on Dragon's Den

[macca70]

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Got a few ideas for that lot to raise funds.

- A John McGlynn organised fashion show
- A Marius Zaliukas keep-fit video
- A DVD of all of the great goals Zaliukas has scored or created for Hibs in the Edinburgh derbies
- Strictly Come Dancing with Callum Elliot
- Proposing an imaginary "pump all yer cash into these suitcases" 'share' issue idea on Dragon's Den

Any other suggestions to help out our neighbours?

A Levein v Hogg charity boxing match

Hogg can get him back for breaking his nose whilst falling out during a game, earning Levein a 14 march ban and Hogg 10 matches,

[Hibeesforever]

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Not sure I understand you. It's quite common (and legal) for directors to pick up company bills in difficult times... or is that not what you mean?

Acknowledge that there are all sorts of bills being settled with all sorts of money from all sorts of sources. This is not illegal. However, provided that all these donations went through the main accounts, then there is no breach.
If on the other hand bills are being settled directly, then these are off balance sheet transactions and could be subject to all kinds of potential VAT and tax issues.

Here is an extract that the Heart of Midlothian Directors would have had to have taken very close note of when they undertook their bake sales, their auditors and risk advisors would have had to convey:

"Deliberately under-reporting or omitting income. This is self-explanatory: concealing income is fraudulent. Examples include a business owner's failure to report a portion of the day's receipts or a landlord failing to report rent payments.
Keeping two sets of books and making false entries in books and records. Engaging in accounting irregularities, such as a business's failure to keep adequate records, or a discrepancy between amounts reported on a corporation's return and amounts reported on its financial statements, generally demonstrates fraudulent intent. "


The fact that the Hearts supporters group are not able to see a valid set of accounts should prompt the SPL and SFA to investigate the trading arrangements put in place by Heart of Midlothian Football club. If they do nothing, then why would they not be implicated in a potential money laundering case against them.

I am sure there are a lot of very unhappy bankers in Lithuania and would see the conditions allowing such poor financial governance to be fostered in Edinburgh as scandalous.

Edinburgh was once looked to across the world as a shining example of Banking excellence and upstanding husbandry. The clowns and associates, who call themselves the current board of Heart of Midlothian have massively besmirched this reputation.

The scottish auditors for a start and sponsors of the share issue can hardly dodge their professional obligations when it is clear that they have been selling a dog of a company to the unsuspecting Hearts punter. John Robertson, that great Hibs supporter, did all he could to ask the right questions but was clearly lied to about their financial health or lack of.

As always, these entrepreneurs and hangers on, seem to think that they are immune from all the corporate laws that are in place.

What is the point of Scotland having any corporate lawyers at all if they are incapable or unwilling to take appropriate action.

At this moment in time the tax payer is looking at a loss of approximately £1.5 million. As a Hibs fan and member of the public, I think it is a disgrace that Heart of Midlothian are still trading and the Crown is not doing more to secure its position.
Having said that I would sacrifice a few more days of their current existence, provided Hibernian can beat them comprehensively on the 10th of March. 7-2 has a nice ring to it.

[The Green Goblin]

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Got a few ideas for that lot to raise funds.

- A John McGlynn organised fashion show
- A Marius Zaliukas keep-fit video
- A DVD of all of the great goals Zaliukas has scored or created for Hibs in the Edinburgh derbies
- Strictly Come Dancing with Callum Elliot
- Proposing an imaginary "pump all yer cash into these suitcases" 'share' issue idea on Dragon's Den

Any other suggestions to help out our neighbours?

.

Pin the Taouil on the donkey?

[Liberal Hibby]

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Michty, that`s brilliant.

The level of delusion in the minds of these idiots is utterly staggering. I bet they think the Earth is flat.

67000 morons at 50 quid a head....

The thing is - even if they did pull it off it's still not enough. It would raise maybe £3 million - a drop in the ocean of their debt (and less then they lost in a single year in their last set of accounts).

Maybe if they did it each week over the closed season?

[Spike Mandela]

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

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.


......even more incentive to make the top six

[EuanH78]

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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.


......even more incentive to make the top six

Interesting that they seem to have given up on top six, the league is so tight that Ross county have went from 2nd bottom to 2nd top in 31 days. Top six is not beyond anyone bar Dundee at this point I would have thought. Still bunch of bellends anyway

[Gatecrasher]

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Interesting that they seem to have given up on top six, the league is so tight that Ross county have went from 2nd bottom to 2nd top in 31 days. Top six is not beyond anyone bar Dundee at this point I would have thought. Still bunch of bellends anyway

They wont make the top 6, there arent enough games left and they arent good enough to win all of what games they have IMO.

[greenlex]

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They wont make the top 6, there arent enough games left and they arent good enough to win all of what games they have IMO.

They. know 18 points are about to be taken from their total. They know its futile.

[CyberSauzee]

I've not seen the phrase "we owe the money to ourselves" used recently.

Any Yams care to explain its demise in the recent weeks either on The Scotsman or on BrokeBack?

[Mikeystewart]

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.

Pin the Taouil on the donkey?

Will need Darren Barr's consent first.

[Saorsa]

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Just thinking seeing as Hector may no longer be the cause of their downfall can the avatars be replaced with something more appropriate? Any suggestions. A coffin perhaps?

what about this?

[cam75]

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what about this?

Quality and to the theme of benny hill :-)

[Ozyhibby]

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They. know 18 points are about to be taken from their total. They know its futile.

Making the top 6 before admin would have protected them from relegation. They won't make top 6 now.
Let's just hope we do. Don't want them having a sold out derby at Tynecastle.

[matty_f]

I think they'll have budgeted the income for next season's season tickets as well as that will come in before this season ends.
They are on life support at the moment.

[Russell The Dug]

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I think they'll have budgeted the income for next season's season tickets as well as that will come in before this season ends.
They are on life support at the moment.

Surely the flumps won't buy season tickets knowing the club is about to be flushed doon the pan?

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Making the top 6 before admin would have protected them from relegation. They won't make top 6 now.
Let's just hope we do. Don't want them having a sold out derby at Tynecastle.

Meaningless games, no derby & little money would be disaster for them. Losing the cup final even better

[Craig_in_Prague]

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I think they'll have budgeted the income for next season's season tickets as well as that will come in before this season ends.
They are on life support at the moment.

I am a believer of not letting anyone suffer, so in that case, can someone switch it off please & lights out.

[matty_f]

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I am a believer of not letting anyone suffer, so in that case, can someone switch it off please & lights out.

I'll volunteer!

[PatHead]

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what about this?

I like.

[MacBean]

http://www.lithuaniatribune.com/3073...ter-201330731/

Looks like Friday is the day...

Siauliu Bankas, a Lithuanian bank controlled by the European Bank for Reconstruction and Development (EBRD) and a group of local investors, is expected to complete the takeover of the “good” assets and liabilities of Ukio Bankas by Friday. The remaining “bad” part will be declared bankrupt.

[Time For Heroes]

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http://www.lithuaniatribune.com/3073...ter-201330731/

Looks like Friday is the day...

This is great to read, cant wait till Friday, im more excited than a kid at Christmas!

[matty_f]

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This is great to read, cant wait till Friday, im more excited than a kid at Christmas!

I doubt anything will happen on Friday, this is likely to be a drawn out process so don't get too excited!

[Saorsa]

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I doubt anything will happen on Friday, this is likely to be a drawn out process so don't get too excited!

spoilsport

[greenginger]

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I doubt anything will happen on Friday, this is likely to be a drawn out process so don't get too excited!

Look it as Friday being the day of the Judges decision and sentence.

Execution will be at a slightly later date to allow last rites and a family visit.

[MacBean]

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I doubt anything will happen on Friday, this is likely to be a drawn out process so don't get too excited!

I don't think it will be as drawn as you may be suggesting.

If the ball starts rolling on Friday as that article mentions, things will hit crisis mode within a matter of weeks and we will know Hearts fate (good or bad) before the split.

[Ozyhibby]

Hearts are losing money on a daily basis. Someone somewhere will stop it soon.