Share Transfers Agreed/Cooling off period

[Gus Fring]

He also said that they could secure Hearts future if he could convince 15,000 Hearts to pledge £3000 each. Hearts can't even convince 15,000 fans to pledge £25 for a Semi Final!

[Geo_1875]

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He also said that they could secure Hearts future if he could convince 15,000 Hearts to pledge £3000 each. Hearts can't even convince 15,000 fans to pledge £25 for a Semi Final!

So they need £45,000,000 to secure their future. Surely that's only £125 each for the big club.

[lapsedhibee]

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So they need £45,000,000 to secure their future. Surely that's only £125 each for the big club.

Even less - £112.50 - unless they've lost some of the gloryhunting fans now that they're no longer CL winners elect.

[jacomo]

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Even less - £112.50 - unless they've lost some of the gloryhunting fans now that they're no longer CL winners elect.

Are Hearts no longer after Pavel Nedved then?

[Smidge]

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Hardly a shock that a man wanting buy something says it's worth very little and the man selling says it's worth loads.
Problem for FOH is that Vlad can't sell Hearts unless he give Ukio Bank £6.8m.

Given that Ukio will be liquidated and UBIG are likely to follow, the liquidator - the Lithuanian authorities - will probably not be in a position to hold out for £6.8m. Just because something is secured for that amount, does not mean that is how much it will take to get it discharged - this will be a commercial transaction and it is a case of how big the Lithuanians' loss is going to be, rather than there being no loss at all.

However, that does not mean that they will settle for FOH's (or any other person chancing it) potential offer "in the low millions". They will be trying to maximise the recovery on behalf of Lithuanian taxpayers. This is why I think that there is a very good chance of the club and their ground being separated: anyone with the desire to save the club is not going to have the resources to satisfy the liquidator - only an open market sale of the land will achieve that.

[EskbankHibby]

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Are Hearts no longer after Pavel Nedved then?

Afraid not, think there might be a delay on that new stand as well.

[Andy74]

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Given that Ukio will be liquidated and UBIG are likely to follow, the liquidator - the Lithuanian authorities - will probably not be in a position to hold out for £6.8m. Just because something is secured for that amount, does not mean that is how much it will take to get it discharged - this will be a commercial transaction and it is a case of how big the Lithuanians' loss is going to be, rather than there being no loss at all.

However, that does not mean that they will settle for FOH's (or any other person chancing it) potential offer "in the low millions". They will be trying to maximise the recovery on behalf of Lithuanian taxpayers. This is why I think that there is a very good chance of the club and their ground being separated: anyone with the desire to save the club is not going to have the resources to satisfy the liquidator - only an open market sale of the land will achieve that.

Aye. We all thought the same about Rangers though didn't we. Green got a team, stadium and training ground for next to nowt.

[Waxy]

Remember way back when.Romanov was going to build a massive stadium for around 60000 screaming yams.
And this year they would have been parading the champions league around that stadium.
living nightmare.glad it was all horsemeat.

[bathhibby]

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Aye. We all thought the same about Rangers though didn't we. Green got a team, stadium and training ground for next to nowt.

Yeah and that was all down to an Administrator who was crooked and in Bed with Green & Co
Hopefully the Lithuanian Administrators will be less crooked and more professional than D&F

[DC_Hibs]

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Given that Ukio will be liquidated and UBIG are likely to follow, the liquidator - the Lithuanian authorities - will probably not be in a position to hold out for £6.8m. Just because something is secured for that amount, does not mean that is how much it will take to get it discharged - this will be a commercial transaction and it is a case of how big the Lithuanians' loss is going to be, rather than there being no loss at all.

However, that does not mean that they will settle for FOH's (or any other person chancing it) potential offer "in the low millions". They will be trying to maximise the recovery on behalf of Lithuanian taxpayers. This is why I think that there is a very good chance of the club and their ground being separated: anyone with the desire to save the club is not going to have the resources to satisfy the liquidator - only an open market sale of the land will achieve that.

We just need to hope that Housebuilders/Supermarkets/Developers have an interest in the site which is far from certain. There are no meaningful offers on the table for the club so there shouldn't be much competition from consortia.

Anyone wishing to buy the whole shooting match -at this stage- will inherit a £1.5m debt to HMRC payable over 3 years so they are starting at a disadvantage already. The Savilles would need to be in administration or worse for that liability to disappear as it's not going to be paid by any other means.

Things continue to move in the right direction anyway.

[Smidge]

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Aye. We all thought the same about Rangers though didn't we. Green got a team, stadium and training ground for next to nowt.

As someone has already said, one of the key differences is that the liquidator of UBIG/Ukio will not settle for a pishy deal the way Dumb & Dumber did. The Lithuanian authorities will be looking to maximise the recovery and will not be concerned about saving face in Edinburgh.

[Smidge]

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We just need to hope that Housebuilders/Supermarkets/Developers have an interest in the site which is far from certain. There are no meaningful offers on the table for the club so there shouldn't be much competition from consortia.

Anyone wishing to buy the whole shooting match -at this stage- will inherit a £1.5m debt to HMRC payable over 3 years so they are starting at a disadvantage already. The Savilles would need to be in administration or worse for that liability to disappear as it's not going to be paid by any other means.

Things continue to move in the right direction anyway.

I can't believe that a site of that size and nature will not be of interest to someone, even on a speculative basis. The number of candidates for that is a lot lower than 5 years ago, but I think there would still be some.

[Peevemor]

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I can't believe that a site of that size and nature will not be of interest to someone, even on a speculative basis. The number of candidates for that is a lot lower than 5 years ago, but I think there would still be some.

One of my (sort of) bosses, a developer, effectively made too much money in the last year and is now in the process of buying up chunks of land to develop in the long term (whilst reducing his current tax liability).

It's a pity that he won't venture as far as Edinburgh, but it's not impossible that someone might buy Tynie with a view to developing it, but letting the Merricks stay there on a short term lease in the meantime.

[Aldo]

Blinkered Yam at work is very confident there are no financial issues at the PBS and if so David Murray will come to their rescue with a share if a new stadium in the west of city to share with Edinburgh rugby.

Would only say their debt is nowhere near the 25 mill mark and that they have plenty if dish out aside for wages already this and next season from share issue etc.

[Dashing Bob S]

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Blinkered Yam at work is very confident there are no financial issues at the PBS and if so David Murray will come to their rescue with a share if a new stadium in the west of city to share with Edinburgh rugby.

Would only say their debt is nowhere near the 25 mill mark and that they have plenty if dish out aside for wages already this and next season from share issue etc.

He's not wrong. I can't see them having any problems. It'll all be plain sailing.

[Eyrie]

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Blinkered Yam at work is very confident there are no financial issues at the PBS and if so David Murray will come to their rescue with a share if a new stadium in the west of city to share with Edinburgh rugby.

Would only say their debt is nowhere near the 25 mill mark and that they have plenty if dish out aside for wages already this and next season from share issue etc.

He's got the bit in bold correct - has to be far more than that by now.

[joe breezy]

but but but 5-1

shower of ********s

[Aldo]

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He's not wrong. I can't see them having any problems. It'll all be plain sailing.

I couldn't, well could believe what he was saying cos that's what he's like, maroon tinted speaks.

[Hibby70]

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plenty if dish out aside for wages already this and next season from share issue etc.

Dishes are all they will have, they'll need a clean though

[Aldo]

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Dishes are all they will have, they'll need a clean though

Finger problems

[The_Todd]

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Blinkered Yam at work is very confident there are no financial issues at the PBS and if so David Murray will come to their rescue with a share if a new stadium in the west of city to share with Edinburgh rugby.

Would only say their debt is nowhere near the 25 mill mark and that they have plenty if dish out aside for wages already this and next season from share issue etc.

Oh David Murray. The same David Murray whose long term legacy at Rangers was liquidation? If that's the sort of person they want involved...

[Bostonhibby]

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Blinkered Yam at work is very confident there are no financial issues at the PBS and if so David Murray will come to their rescue with a share if a new stadium in the west of city to share with Edinburgh rugby.

Would only say their debt is nowhere near the 25 mill mark and that they have plenty if dish out aside for wages already this and next season from share issue etc.

The Champions league money should sort it, there's millions for winning it, I wouldn't be surprised to see the Megasuperhotelstadium coming up on the blindside and being built shortly, they did have lots of pictures of big boxes full of drawings, and there's always the share issue to fall back on, I wouldn't be surprised to see and interim dividend on these shares being declared any day now. Wish I'd got some.

Everythings barry.

[Springbank]

Dundee closing in on arch nemesis...

[Col2]

This wouldn't be a good time for the yams to get say a 18 point deduction with a rejuvenated Dundee.....

[surreyhibbie]

But if they get the deduction after the split, they won't go down......

[CropleyWasGod]

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But if they get the deduction after the split, they won't go down......

They will if they're in the bottom 6, Shirley?

[Eyrie]

Heasrts won't make the split, and that's added incentive for us to make sure we do because it will deprive them of a lucrative home derby.

[Big_Franck]

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Heasrts won't make the split, and that's added incentive for us to make sure we do because it will deprive them of a lucrative home derby.

If we do finish bottom six I won't be going to the game at the peadodome for the first time in years. Haven't missed a derby there for at least 5 years, but there is no way I want to play any part in helping them struggle on until the end of the season.

[Col2]

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They will if they're in the bottom 6, Shirley?

Non chance of them making top 6. It's not only 9 point gap plus goal difference AND even if we tumbled down there are several other teams that won't tumble. It's almost mathematically impossible given the volume of teams and the few number of games left.

[Dashing Bob S]

The only good thing about their current plight is that the business with this bank in Lithuania won't effect them at all, and it'll be business as usual. With a two cups under the belt and a third guaranteed, and the best crop of youngsters in Scottish football, the future is rosy pink.