Share Transfers Agreed/Cooling off period

[bingo70]

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

Will administrators be called in or will they just stop hearts trading?

[hibs0666]

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Will administrators be called in or will they just stop hearts trading?

We need someone who is owed money to pull the trigger and take them to court. From there it's bye bye PDQ. Moan the cooncil.

[GreenCastle]

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

This would be the perfect scenario

It's key they don't make the top 6 as already pointed out IF (a massive IF) they get deducted points then top 6 would mean safe from relegation - being in the bottom 6 would give Dundee a chance of survival - lots of wishful thinking

[StevieC]

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Will administrators be called in or will they just stop hearts trading?

Hearts will keep trading till at least the end of the season. The alternative, in terms of SPL, cup final and the league situation, is too catastrophic to contemplate. If need be the SPL will advance them their league money (and rightly so IMO, as they did with Gretna) to help get them over the line.

After the league finishes though ...

[Part/Time Supporter]

Some folk really need to take a chill pill. Nobody is going to make a conscious decision to stop Hearts trading overnight because they are making trading losses. Pretty much every professional team in Scotland (except Celtic, thanks to the CL money) will be making a trading loss, but there is only serious danger to Hearts and Dunfermline at present.

The two dangers to Hearts are as follows:

1. UBIG entering bankruptcy, meaning that they can't renew their debt facility in the summer.

2. Running out of cash. This won't happen before the summer due to the league cup final, selling STs early and getting that advance from Sevco.

The only real impact you may see before the summer is if UBIG enter bankruptcy quickly, and the SPL then decide to enforce their rule that an owner and operator entering bankruptcy is the same as the club itself entering bankruptcy.

[PatHead]

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We need someone who is owed money to pull the trigger and take them to court. From there it's bye bye PDQ. Moan the cooncil.

Be lovely (and ironic) if it were Hibs for non payment of ticket money. C'mon the Hibs

[Dashing Bob S]

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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!

Every day they delay, they are losing money. This bank isn't like UKIOS, it's a proper bank. They don't like losing money. Expect swift and ruthless action. It won't be another set of veiled warnings for them to ignore or try and negotiate their way around. It will be a straightforward decision.

[Saorsa]

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Every day they delay, they are losing money. This bank isn't like UKIOS, it's a proper bank. They don't like losing money. Expect swift and ruthless action. It won't be another set of veiled warnings for them to ignore or try and negotiate their way around. It will be a straightforward decision.

Swift and ruthless, I like that

[WindyMiller]

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Some folk really need to take a chill pill. Nobody is going to make a conscious decision to stop Hearts trading overnight because they are making trading losses. Pretty much every professional team in Scotland (except Celtic, thanks to the CL money) will be making a trading loss, but there is only serious danger to Hearts and Dunfermline at present.

The two dangers to Hearts are as follows:

1. UBIG entering bankruptcy, meaning that they can't renew their debt facility in the summer.

2. Running out of cash. This won't happen before the summer due to the league cup final, selling STs early and getting that advance from Sevco.

The only real impact you may see before the summer is if UBIG enter bankruptcy quickly, and the SPL then decide to enforce their rule that an owner and operator entering bankruptcy is the same as the club itself entering bankruptcy.

If the monies raised aren't syphoned off. Where did last season's S.T. money go?

[MacBean]

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Some folk really need to take a chill pill. Nobody is going to make a conscious decision to stop Hearts trading overnight because they are making trading losses. Pretty much every professional team in Scotland (except Celtic, thanks to the CL money) will be making a trading loss, but there is only serious danger to Hearts and Dunfermline at present.

The two dangers to Hearts are as follows:

1. UBIG entering bankruptcy, meaning that they can't renew their debt facility in the summer.

2. Running out of cash.

I dont think anyone is suggesting that after Friday Hearts won't exist or they wont make it across the finish line. We all know that these things dont happen overnight (it took 6 months for SEVCO to be liquidated). Hearts WILL see out this season, it is just whether they are here next season, and if so in what state/division.

What we may know from Friday is whether or not UBIG are considered bad debt by the new bank and therefore inevitably being put into adminstration/liquidation when the debt is called in. This would then leave Hearts facing an 18 point deduction and in the likely position of losing Tynecastle. Again, neither of those things will happen overnight (the deduction would probably take a week due to SFA's inability to act on anything!) but we may be in a position to know that is their fate.

[Part/Time Supporter]

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If the monies raised aren't syphoned off.

I don't think there's any serious suggestion of that.

Where did last season's S.T. money go?

The STs sold last spring/summer went towards paying the bills built up during 2011/12. Romanov stopped funding them completely in January 2012, having provided only intermittent funding over the previous few months. They've been chasing their tail ever since.

[poolman]

For anybody who wants The Yams to survive this


Say No To Hobos said:
Wallace Mercer, Rest in Peace.



1946 - 2006. Should have ended the vermin when you had the chance. Absolutely hate the dirty, manky Hubs barstads. Honestly, every one of their slum dwelling unemployed fans talks the same amount of sh*te about their shnide little club. Floodlights, shirt advertisement, Europe.. STFU, no one cares.

One smelly Granton refugee on Talk 107 tonight justified the 107 year Scottish Cup drought by saying 'Hearts will be gone in a year, re-enter in Division Three and then they will have NEVER won the Scottish Cup'. Straw clutching ****s.


**** them

[matty_f]

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For anybody who wants The Yams to survive this


Say No To Hobos said:
Wallace Mercer, Rest in Peace.



1946 - 2006. Should have ended the vermin when you had the chance. Absolutely hate the dirty, manky Hubs barstads. Honestly, every one of their slum dwelling unemployed fans talks the same amount of sh*te about their shnide little club. Floodlights, shirt advertisement, Europe.. STFU, no one cares.

One smelly Granton refugee on Talk 107 tonight justified the 107 year Scottish Cup drought by saying 'Hearts will be gone in a year, re-enter in Division Three and then they will have NEVER won the Scottish Cup'. Straw clutching ****s.


**** them

One city, one team

[Greendub]

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

We have the winnners....

[Saorsa]

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For anybody who wants The Yams to survive this


Say No To Hobos said:
Wallace Mercer, Rest in Peace.



1946 - 2006. Should have ended the vermin when you had the chance. Absolutely hate the dirty, manky Hubs barstads. Honestly, every one of their slum dwelling unemployed fans talks the same amount of sh*te about their shnide little club. Floodlights, shirt advertisement, Europe.. STFU, no one cares.

One smelly Granton refugee on Talk 107 tonight justified the 107 year Scottish Cup drought by saying 'Hearts will be gone in a year, re-enter in Division Three and then they will have NEVER won the Scottish Cup'. Straw clutching ****s.


**** them

Soon the FTB's vision of one team in the Capital will emerge, he just picked the wrong team

he's deid, they'll soon be deid, **** the h****s.

[PatHead]

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We have the winnners....

Quality. Is the one on the right a man, woman or transexual? Answers on a postcard

[EuanH78]

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Hearts will keep trading till at least the end of the season. The alternative, in terms of SPL, cup final and the league situation, is too catastrophic to contemplate. If need be the SPL will advance them their league money (and rightly so IMO, as they did with Gretna) to help get them over the line.

After the league finishes though ...

I'm not sure this can work with Hearts situation. Surely the only way this could work is if the SPL payed the wages/ daily/ matchday costs directly as putting any money at all into Hearts would have to go to the creditors no? Is that even legal?

[green glory]

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Quality. Is the one on the right a man, woman or transexual? Answers on a postcard

Looks like a fachan to me.



image-3846036520.jpg



Whereas the guy on the left...



image-3359166366.jpg

[Ozyhibby]

They will only be able to keep the doors open if there is the cash to do so. Selling next years season tickets will not be done by the administrators as they are not allowed to create more creditors.

[GreenCastle]

Is it really safe for their fans to buy a season ticket when they haven't a clue where the money will be ending up

It will be interesting to see how many they do sell as next season when their team won't be full of over paid players who were actually above average SPL players.

[hibs0666]

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Looks like a fachan to me.

A fachan ersehole more like.

[Haymaker]

Didnt the sfa pay for a team of guff players to get them to the end? They released all their main/expensive players?

[StevieC]

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I'm not sure this can work with Hearts situation. Surely the only way this could work is if the SPL payed the wages/ daily/ matchday costs directly as putting any money at all into Hearts would have to go to the creditors no? Is that even legal?

If you remember, The Rangers were still operational (and losing money) during administration whilst avenues were explored to put together a rescue package. It would be the same for Hearts, they could play on during administration whilst avenues were explored. Creditors would only receive money if an agreement couldn't be reached to come out of administration and only when remaining assets were sold.

[Twa Cairpets]

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If you remember, The Rangers were still operational (and losing money) during administration whilst avenues were explored to put together a rescue package. It would be the same for Hearts, they could play on during administration whilst avenues were explored. Creditors would only receive money if an agreement couldn't be reached to come out of administration and only when remaining assets were sold.

Only surely if the administrators see the business as viable in the medium/long term, which the inhabitants of Mordor clearly are/were.
Hearts, with the running costs they have and the access to income they have in the immediate future, possibly not so much? (HMRC debt, policing, wages etc). If they're not self sufficient now, they wont be when an administrator comes. Also, its nice to remember that ultimately, Rangers were liquidised. (I know its liquidated, but liquidised sounds much more fun to watch)

[jgl07]

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Only surely if the administrators see the business as viable in the medium/long term, which the inhabitants of Mordor clearly are/were.
Hearts, with the running costs they have and the access to income they have in the immediate future, possibly not so much? (HMRC debt, policing, wages etc). If they're not self sufficient now, they wont be when an administrator comes. Also, its nice to remember that ultimately, Rangers were liquidised. (I know its liquidated, but liquidised sounds much more fun to watch)

But surely Hearts on a realistic player budget could be self-sufficient playing at, say, Livingston with crowds of 7-8,000?

The only two things of value in Hearts are 1. The stadium and 2. The SPL/SFL franchise. I suspect that the two will be sold off separately for whatever they can raise by the administrators for UKIO/UBIG.

The club would be financially crippled from the start but ought to survive. Just!

[lord bunberry]

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If you remember, The Rangers were still operational (and losing money) during administration whilst avenues were explored to put together a rescue package. It would be the same for Hearts, they could play on during administration whilst avenues were explored. Creditors would only receive money if an agreement couldn't be reached to come out of administration and only when remaining assets were sold.

But hearts wouldn't be in administration its ubig. Hearts could still limp on till the end of the season as long as they keep paying the bills. Its not until the whole mess that is ubig gets unravelled will hearts fate be decided

[StevieC]

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Only surely if the administrators see the business as viable in the medium/long term, which the inhabitants of Mordor clearly are/were.
Hearts, with the running costs they have and the access to income they have in the immediate future, possibly not so much? (HMRC debt, policing, wages etc). If they're not self sufficient now, they wont be when an administrator comes.

There's no reason why Hearts, in whatever form, wouldn't be a viable medium/long term business.
The whole point of administration though is an opportunity to save a company and have it back trading within its means. It all depends on whether the majority of the creditors are willing to accept whatever is offered to exit administration. I think the difference to Rangers is that HMRC are in the minority this time around so it could be down to UBIG/UKIO to prevent liquidation.

[Cracker]

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But hearts wouldn't be in administration its ubig. Hearts could still limp on till the end of the season as long as they keep paying the bills. Its not until the whole mess that is ubig gets unravelled will hearts fate be decided

Would the domino effect not continue Ukio want money owed from Ubig hell we are skint Hearts can pay us back ,what your skint too! Well its admin\liquidation all round.

[StevieC]

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But hearts wouldn't be in administration its ubig. Hearts could still limp on till the end of the season as long as they keep paying the bills. Its not until the whole mess that is ubig gets unravelled will hearts fate be decided

Which is kinda what I was saying. that Hearts will make it to the end of the season.

[lord bunberry]

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Would the domino effect not continue Ukio want money owed from Ubig hell we are skint Hearts can pay us back ,what your skint too! Well its admin\liquidation all round.

I think that's what would happen but I don't think it would happen before the end of the season.

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Which is kinda what I was saying. that Hearts will make it to the end of the season.

Unfortunately I think they will. It would be nice if their last season was to finish in relegation though