Share Transfers Agreed/Cooling off period

[CropleyWasGod]

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So what if they have to post their financial statements, they'll say what we all know they'll say, massive massive debt. I don't think there will be penalties for posting debt otherwise many scottish clubs (including ourselves) would be in trouble, can anyone help me out? Am I right or will they be penalised just because of the scale of their debt? GGTTH

It's not the debt that is the issue, at least not yet. They sign up to SFA rules, one of which is to lodge accounts with them on time.

In time, the SFA will adopt the FIFA Financial Fair Play model, and when that happens debt and losses will become an issue.

[Treadstone]

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As much as I hate them, I don't want them to go. Would miss the derby and the rivalry etc. Would like to see admin and Hearts in the First Division for a year or two though.

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Similar to me. Im taking far too much enjoyment from seeing them get beat every week, dunno who id laugh at if they weren't here

Have a look at a brokeback thread you'll soon change your mind.

[Hibee87]

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My favourite just now is "there's no debt, we'll just be sold to the highest bidder". It really is comical! Ohh well hopefully Spartans take their place, can be our new city rivals.

Yeah they owe Ubig 20 million but there is no chance they will get that back, UBIG will go into admin and they will sell hearts for as much as they can get and hey presto everything is hunky dory!!


what they are ALL failing to ask is this....lets just say for arguments sake the above was true and FOH by them for next to nothing with no debt, lets just say this ACTUALLY happens what about this:

The club itself, the stadium the rent at riccation, bills, tax, debt owed out etc how much does that cost a year to run?
How much money do they earn and will it cover it?

simple answer is THEY DONT MAKE A PROFI unless some nutter comes in ready to squander millions............seriously do they just not get it?

[proud_and_green]

Some cracking posts on this thread:

http://www.hmfckickback.co.uk/index....s/page__st__50

iainmac, on 04 March 2013 - 08:24 PM, said:


I think the price may be right (£7-10m for the club debt free) but who is going to pay it?

Answers on a postcard!

The Fans with a new but real share issue

So despite the fact that their fingers have been burnt they are willing to do it all again - given half the chance. Its a bit like that episode of the Simpsons when Homer's beers end up on the electricity cable and although he gets electrocuted every time he tries to get them off he keeps trying again and again.

Priceless.

[BSEJVT]

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Yeah they owe Ubig 20 million but there is no chance they will get that back, UBIG will go into admin and they will sell hearts for as much as they can get and hey presto everything is hunky dory!!


what they are ALL failing to ask is this....lets just say for arguments sake the above was true and FOH by them for next to nothing with no debt, lets just say this ACTUALLY happens what about this:

The club itself, the stadium the rent at riccation, bills, tax, debt owed out etc how much does that cost a year to run?
How much money do they earn and will it cover it?

simple answer is THEY DONT MAKE A PROFI unless some nutter comes in ready to squander millions............seriously do they just not get it?

Some do but have spent So many years in denial as their club has stuttered from one crisis or humiliation to another and seen their history besmirched that their stock thought is if I don't accept it it it didn't happen

There is not one redeeming feature between them, their poxy club can **** off and die and the sooner the better.

[bigwheel]

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Yeah they owe Ubig 20 million but there is no chance they will get that back, UBIG will go into admin and they will sell hearts for as much as they can get and hey presto everything is hunky dory!!


what they are ALL failing to ask is this....lets just say for arguments sake the above was true and FOH by them for next to nothing with no debt, lets just say this ACTUALLY happens what about this:

The club itself, the stadium the rent at riccation, bills, tax, debt owed out etc how much does that cost a year to run?
How much money do they earn and will it cover it?

simple answer is THEY DONT MAKE A PROFI unless some nutter comes in ready to squander millions............seriously do they just not get it?

They won't simply sell Hearts for as much as they can get ...they will realise the assets for as much as they can get ... They will break it up and sell all the elements separately if that provides a better return for the UBIG creditors ...they will not care about the football club , only maximising the amount of money they get

[Hibee87]

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They won't simply sell Hearts for as much as they can get ...they will realise the assets for as much as they can get ... They will break it up and sell all the elements separately if that provides a better return for the UBIG creditors ...they will not care about the football club , only maximising the amount of money they get

I know this....my response was a hypothetical question aimed at the goons over the road who ACTUALLY think what I said is going to happen. When in reality its more likey to be as you said

[johnbc70]

So who actually owns Hearts now - surely the SFA rules state an owner must be at least known and if the ownership has changed hands then has the new owner passed the 'fit and proper' test that now exists.

[Aldo]

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Then you dinnae hate them enough

​**** h****s

This my man is spot on. I want them wiped out

TOTALLY

[Col2]

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They won't simply sell Hearts for as much as they can get ...they will realise the assets for as much as they can get ... They will break it up and sell all the elements separately if that provides a better return for the UBIG creditors ...they will not care about the football club , only maximising the amount of money they get

That can't be right. This is a famous institution and surely the Lithuanians will feel a loyalty to HOMFC for all they have done for them and the balance sheet. You can't put a value on winning two world wars...

[Jack Hackett]

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It gets even better, it's actually in 27 days time, I just found this on the SFA website

A club is required to submit a summary of financial information covering the reporting year for 2012 and the previous two years i.e. 2011 and 2010 as detailed below.
Clubs will provide this information as follows -
 SPL clubs – by 31 March 2013
 All other clubs – by 30 April 2013
Unless the 2010 & 2011 figures have not previously been provided the club only requires to provide the 2012 figures.

Well if it's a summary they want.......

They're up to their necks in debt and don't have a pot to piss in

......Sorted

[bingo70]

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They won't simply sell Hearts for as much as they can get ...they will realise the assets for as much as they can get ... They will break it up and sell all the elements separately if that provides a better return for the UBIG creditors ...they will not care about the football club , only maximising the amount of money they get

Is the football club not pretty worthless though? How much would they realistically want for a company that makes massive losses every year?

Is the only assett of any value not tynecastle, which takes them back to selling that to the highest bidder and just letting hearts go?

[LeighLoyal]

Romanov away, that must be ominous for them. They can't say they weren't warned.

[bigwheel]

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That can't be right. This is a famous institution and surely the Lithuanians will feel a loyalty to HOMFC for all they have done for them and the balance sheet. You can't put a value on winning two world wars...

😄. Very true ...the Lithuanian people will create an uprising and march in their bare feet to Tynecastle and chain themselves to the railings . It will be the football equivalent of the suffragettes ! People will talk about it for centuries ....

[bigwheel]

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Is the football club not pretty worthless though? How much would they realistically want for a company that makes massive losses every year?

Is the only assett of any value not tynecastle, which takes them back to selling that to the highest bidder and just letting hearts go?

Precisely ! There's no way they will be able to retain their stadium

[LeighLoyal]

Is there a white Jambo knight out there?


Poor Yamsters canny take it.

[fat freddy]

there are currently 514 guests viewing this thread..i suppose the jambo's have to go somewhere to read about their woes....cos it aint on sickback

[Jack Hackett]

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Romanov away, that must be ominous for them. They can't say they weren't warned.

#allisbarry

[cabbageandribs1875]

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Precisely ! There's no way they will be able to retain their stadium

who the **** would want tae other than the museum of antiquities :) it's not calton hill that's the shame of Edinburgh...it's that pink wongadome that is, big team/club my ****** erky

[clerriehibs]

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Is the football club not pretty worthless though? How much would they realistically want for a company that makes massive losses every year?

Is the only assett of any value not tynecastle, which takes them back to selling that to the highest bidder and just letting hearts go?

They'll lose all their assets - some players? Stadium. But they have a place in the spl - ubig or whoever can put a price on that. Unleas the SFA/SPL grow a pair and investigate the cheating.

[theonlywayisup]

.........the future is looking a wee bit more positive now!

http://www.scotsman.com/news/gary-ma...-now-1-2819599

Deluded is the word that springs to mind!!

[Aldo]

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there are currently 514 guests viewing this thread..i suppose the jambo's have to go somewhere to read about their woes....cos it aint on sickback

Well if they are watching lets hope they go deeper into the Abyss than one of Mad's Submarine.

I want them totally wiped out ENDOF

[fat freddy]

Amazing!..Medals McKay suggests bringing Sergio back!!!...I believe he's managing a champions league side at the moment and doing very well thank you...why would he want to step down to a club on the brink of administration?....they have staggering levels of self deception over at tynie.

[Springbank]

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They'll lose all their assets - some players? Stadium. But they have a place in the spl - ubig or whoever can put a price on that. Unleas the SFA/SPL grow a pair and investigate the cheating.

The two funniest facts about this to me are, even if someone was to be gifted Hearts for £1 (a la Craig Whyte at Rangers) then for that £1 you'd actually be buying an entity that is worth immediately (and I mean IMMEDIATELY) -£5m

There's -£1.5m (due to HMRC)

There's a whole heap more needing spent on the Wongadome just to i) make it Health and Safety certifiable & ii) eventually UEFA compliant.

I'll be kind and call that a further -£3.5m

Either way, before a ball is kicked and before a player or admin worker is paid, you are £5m down.

Good luck with that, Jambos...

[livi hibs 1875]

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They'll lose all their assets - some players? Stadium. But they have a place in the spl - ubig or whoever can put a price on that. Unleas the SFA/SPL grow a pair and investigate the cheating.

Will someone not do the right thing pull the plug life support machine .or atleast put a big pillow over the smelly pish stained filthy **** ****s bye bye

[Andy74]

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The two funniest facts about this to me are, even if someone was to be gifted Hearts for £1 (a la Craig Whyte at Rangers) then for that £1 you'd actually be buying an entity that is worth immediately (and I mean IMMEDIATELY) -£5m

There's -£1.5m (due to HMRC)

There's a whole heap more needing spent on the Wongadome just to i) make it Health and Safety certifiable & ii) eventually UEFA compliant.

I'll be kind and call that a further -£3.5m

Either way, before a ball is kicked and before a player or admin worker is paid, you are £5m down.

Good luck with that, Jambos...

What about the £30 m or so debt?

[bigwheel]

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who the **** would want tae other than the museum of antiquities :) it's not calton hill that's the shame of Edinburgh...it's that pink wongadome that is, big team/club my ****** erky

Er....Tesco ?? :)

[robinp]

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What about the £30 m or so debt?

What's 5...10...30million among friends?

[rcarter1]

Im hoping for a Sevco situation if at all possible - ie liquidation. They will however continue in some form or another regardless of any outcome. These Yams will go away and bake some cakes and start from scratch. Im afraid the infestation has no cure...

[clerriehibs]

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There's a whole heap more needing spent on the Wongadome just to i) make it Health and Safety certifiable & ii) eventually UEFA compliant.

I'll be kind and call that a further -£3.5m

Either way, before a ball is kicked and before a player or admin worker is paid, you are £5m down.

Good luck with that, Jambos...

The wongadome is guaranteed to go though. I want them in oblivion, but i can see them with an spl place, but not much else, renting murrayfield and I'll be gutted because they will have got away with it because the authorities won't act.

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What about the £30 m or so debt?

Unrecoverable, other than what can be raised by selling off the wongadome.