Share Transfers Agreed/Cooling off period

[MrSmith]

This quote is hidden because you are ignoring this member. Show Quote

Sooooooo it's Friday ! *Shout out Rebecca Black*

Are they dead yet ?!

They are in my heid and they'll be non existent by the time I get home and set about the Corona and Jack Daniels!

[greenlex]

This quote is hidden because you are ignoring this member. Show Quote

Sooooooo it's Friday ! *Shout out Rebecca Black*

Are they dead yet ?!

Rebecca Black is actually my Niece. FACT.

[Kato]

This quote is hidden because you are ignoring this member. Show Quote

Clearly decided it was a bad loan otherwise would have been transferred to new bank. If you read the statements coming out from Lithuanian rescue fund which are freely available on the Bloomberg website. They aim to recover funds from bad loans by instigating bankruptcy proceedings to sell secured assets. Anyone buying Heats will be paying for the palyers and the club name. They will have to buy the stadium from the adminstrator. Heart's other loans are to UBIG via UB but are unsecured. The Lithuanian state have froxen and will likley seize any remaining assets of Romanov as it is loans that led to the insolvency.

The rescue fund will look to maximise wht it recovers through forced sale. This may mean the stadium and teh club are sold separately or as a package.

Apart from the content of this, I admire the whole tone. Matter of fact yet foreboding. Nice work.

[NYHibby]

This quote is hidden because you are ignoring this member. Show Quote

Rebecca Black is actually my Niece. FACT.

Is that you Ian Black?

[Fred Perry]

This quote is hidden because you are ignoring this member. Show Quote

You'll find that Hearts actually DID build the new superstand, which was completed in 2011, as scheduled, just one year before the fully integrated tram network opened on Edinburgh's streets.

The reason it's hard to see this is because, in a sop to the traditionalists, it was cunningly disguised as the old asbo stand. The new stand is constructed on the same principles as the Tardis in Doctor Who. What looks like a cramped, rickety, antiquated death trap on the outside, is actually a spacious, state-of-the art affair with...well, you can read all about it on the link.

Hearts did this by applying their revolutionary systems of finance "we only owe it to ourselves" to the space-time continuum, resulting in big luxury for them, and jealousy for us hobos. You surely must have found it highly suspicious that 403,500 people (assuming away end is filled) could be accommodated in a 17,500 capacity stadium?

[HUTCHYHIBBY]

This quote is hidden because you are ignoring this member. Show Quote

Rebecca Black is actually my Niece. FACT.

Who is she? apart from being your niece. I'm lost!

[Hibercelona]

This quote is hidden because you are ignoring this member. Show Quote

Who is she? apart from being your niece. I'm lost!

Just his niece I would have thought.

But if you ask a jambo the same question, you can expect a long list of answers.

[HUTCHYHIBBY]

This quote is hidden because you are ignoring this member. Show Quote

But if you ask a jambo the same question, you can expect a long list of answers.

I'm intrigued!

[lapsedhibee]

This quote is hidden because you are ignoring this member. Show Quote

I'm intrigued!

Niece, sister, mother, grandmother, daughter, etc

[HibeeN]

This quote is hidden because you are ignoring this member. Show Quote

Who is she? apart from being your niece. I'm lost!

Be warned...you did ask...

[Hibby Kay-Yay]

This quote is hidden because you are ignoring this member. Show Quote

Be warned...you did ask...

[jabis]

This quote is hidden because you are ignoring this member. Show Quote

Led Zep never played such schite

[HUTCHYHIBBY]

This quote is hidden because you are ignoring this member. Show Quote

Be warned...you did ask...

Oh dear!

I think I'll stop short of saying thanks!

[Gatecrasher]

This quote is hidden because you are ignoring this member. Show Quote

Be warned...you did ask...

Forgot how bad that was

[Jack Hackett]

This quote is hidden because you are ignoring this member. Show Quote

Forgot how bad that was

Fortunately/unfortunately, it was the first/last time I've seen it. If that was popular, then it confirms my suspicions that it's a really sad time to be a teenager

[Hibernia&Alba]

This thread gets me more excited than any porn site out there

:jmcp:

[HIBERNIAN-0762]

Back on a more serious note

It seems according to the press this morning that Houston will be taking over for the LCF.

Quick question, where the hell do they get the money and the balls to announce this?, why are the SPL bigwigs not asking questions here, they ain't got a pot to piss in and up to their ear holes in debt but they can afford a new managers wages?



Enlighten me please...

[#FromTheCapital]

This quote is hidden because you are ignoring this member. Show Quote

Back on a more serious note

It seems according to the press this morning that Houston will be taking over for the LCF.

Quick question, where the hell do they get the money and the balls to announce this?, why are the SPL bigwigs not asking questions here, they ain't got a pot to piss in and up to their ear holes in debt but they can afford a new managers wages?



Enlighten me please...

Can only assume that they managed to get rid of fester without having to pay compensation thus freeing up a wage for a new manager

[Spike Mandela]

This quote is hidden because you are ignoring this member. Show Quote

Back on a more serious note

It seems according to the press this morning that Houston will be taking over for the LCF.

Quick question, where the hell do they get the money and the balls to announce this?, why are the SPL bigwigs not asking questions here, they ain't got a pot to piss in and up to their ear holes in debt but they can afford a new managers wages?



Enlighten me please...

..................and Houston allegedly left United due to future pay cut and financial cutbacks to his team. Irony isn't a big enough word.

[Springbank]

Houston looks a wee bit like a bus driver too to be fair

[Spike Mandela]

This quote is hidden because you are ignoring this member. Show Quote

Houston looks a wee bit like a bus driver too to be fair

...........not the most inspiring figurehead to lead a club through an insolvency event either.

[West hamBERNIAN]

what about going into admin would be good, will they not just get there debt wiped out like the rangers and keep all there "assets" i say that loosely. just seems like a quick way to save 40 million quid or whatever there up to now?

[greenginger]

This quote is hidden because you are ignoring this member. Show Quote

what about going into admin would be good, will they not just get there debt wiped out like the rangers and keep all there "assets" i say that loosely. just seems like a quick way to save 40 million quid or whatever there up to now?

Not quite the same. A Lithuanian admin would be working for the Lituanian State who has just seen about £ 70 million of their hard earned pee'd up a wall by Vlad on one of his foreign toys.

I don't think it would be good Lithuanian politics to be giving a Russian crook ( alledgedly ) an easy time.

I don't really know how it would play out over here with a local admin. working on instruction of the Lith.Admin. but I would have thought they would be better off getting themselves into admin. before the foreign lot do it for them.

[West hamBERNIAN]

This quote is hidden because you are ignoring this member. Show Quote

Not quite the same. A Lithuanian admin would be working for the Lituanian State who has just seen about £ 70 million of their hard earned pee'd up a wall by Vlad on one of his foreign toys.

I don't think it would be good Lithuanian politics to be giving a Russian crook ( alledgedly ) an easy time.

I don't really know how it would play out over here with a local admin. working on instruction of the Lith.Admin. but I would have thought they would be better off getting themselves into admin. before the foreign lot do it for them.

but how would any of this affect the yams? what difference will it actually make?
rangers are in a far better position now, when they eventually get back they'll spend a shed load and win everything again taking ours and everybody elses players in the process.

[HIBERNIAN-0762]

This quote is hidden because you are ignoring this member. Show Quote

..................and Houston allegedly left United due to future pay cut and financial cutbacks to his team. Irony isn't a big enough word.

I find it incredible that they find managers like Fester who just walk away without a whimper about no compensation on their contract and now Houston leaves a fairly good run club because of financial constraints to put his hat in for the worst run SPL club in the history of Scottish
Football (bar the huns yes)...is there something in the water up there?

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

but how would any of this affect the yams? what difference will it actually make?
rangers are in a far better position now, when they eventually get back they'll spend a shed load and win everything again taking ours and everybody elses players in the process.

There are a lot of differences.

Taking the Rangers situation first, they are not out of the woods yet. The liquidators have still to investigate the transfer of the assets to Sevco at what appears to be an undervalue.

However, the main difference between the two is that Hearts' main asset(Tynecastle) is pledged as security to one of its creditors, which in itself is under threat of administration. There was no such security in the RFC case, which made it easier to transfer Ibrox.

The whole security/UBIG situation is the key here, and we aren't any closer to establishing how that will play out. My best guess at the moment is that the best Hearts can hope for is to preserve the club (however you define that), but be homeless.

[Wee Scottie Dug]

This quote is hidden because you are ignoring this member. Show Quote

There are a lot of differences.

Taking the Rangers situation first, they are not out of the woods yet. The liquidators have still to investigate the transfer of the assets to Sevco at what appears to be an undervalue.

However, the main difference between the two is that Hearts' main asset(Tynecastle) is pledged as security to one of its creditors, which in itself is under threat of administration. There was no such security in the RFC case, which made it easier to transfer Ibrox.

The whole security/UBIG situation is the key here, and we aren't any closer to establishing how that will play out. My best guess at the moment is that the best Hearts can hope for is to preserve the club (however you define that), but be homeless.

That's the problem with this thread, it's all guesswork and speculation(entertaining though that is!). No one really knows what the next move is, or what effect the closing of UB has on the day to day running of UBIG. Personally I'm looking forward to the next domino to fall and the next level of entertainment to keep me amused on those dull work days . .

[West hamBERNIAN]

in this case i am very much pro admin

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

Not quite the same. A Lithuanian admin would be working for the Lituanian State who has just seen about £ 70 million of their hard earned pee'd up a wall by Vlad on one of his foreign toys.

I don't think it would be good Lithuanian politics to be giving a Russian crook ( alledgedly ) an easy time.

I don't really know how it would play out over here with a local admin. working on instruction of the Lith.Admin. but I would have thought they would be better off getting themselves into admin. before the foreign lot do it for them.

There's merit in that. There is a perception that a "friendly" administrator is better than one who is imposed. That didn't work out with Craig Whyte, of course.

I reckon that, if Hearts make it to the Top 6, you might see them going into administration voluntarily, ie appointing someone themselves. That way, the 18 point penalty is irrelevant. (although other clubs would, rightly IMO, have a say about that).

If they don't make the Top 6, they may still circle the wagons. After all, that is probably their duty, given their apparent insolvency.

[SouthMoroccoStu]

This quote is hidden because you are ignoring this member. Show Quote

..................and Houston allegedly left United due to future pay cut and financial cutbacks to his team. Irony isn't a big enough word.

Did he not leave Utd because he signed a contract with Blackpool for the start of next season?

Or am I wrong / lost / misguided / drunk etc etc?