Share Transfers Agreed/Cooling off period

[big-mo]

Locke appointed as manager.

Just as I reported earlier in the week.

[weonlywon6-2]

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Locke appointed as manager.

Just as I reported earlier in the week.

Curious appointment,I wonder if there is a strong reason why they didn't employ a new member of staff

There was miles better out there than the pisser to choose from

[tamig]

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Curious appointment,I wonder if there is a strong reason why they didn't employ a new member of staff

There was miles better out there than the pisser to choose from

Cheap and nasty. Perfect appointment for them.

[Hermit Crab]

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Cheap and nasty. Perfect appointment for them.

Exactly. He'll soon be the scapegoat. Hope he gets off to a losing start tomorrow. ***** thum

[SuperTortolano]

How much more will they get if they win tomorrow?

[theonlywayisup]

So what's the latest?

Are they going bust, or is it another in a long line of pipedreams?

One yam I spoke to on Thursday thinks they will end up with all debt cleared!

[Eyrie]

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One yam I spoke to on Thursday thinks they will end up with all debt cleared!

That's one way to look at Sevco Yams.

[s.a.m]

BBCBMcLauchlin‏@BBCBMcLauchlinTalks are at an advanced stage between Supporters Direct and Vladimir Romanov over a transfer of ownership of Hearts.

BBCBMcLauchlin‏@BBCBMcLauchlin
A deal between Supporters Direct and Romaov could be concluded for the start of the new season

BBCBMcLauchlin‏@BBCBMcLauchlin
Foundation of Hearts also having "constructive dialogue" with Supporters Direct and could work together in deal.

[Ozyhibby]

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BBCBMcLauchlin‏@BBCBMcLauchlinTalks are at an advanced stage between Supporters Direct and Vladimir Romanov over a transfer of ownership of Hearts.

BBCBMcLauchlin‏@BBCBMcLauchlin
A deal between Supporters Direct and Romaov could be concluded for the start of the new season

BBCBMcLauchlin‏@BBCBMcLauchlin
Foundation of Hearts also having "constructive dialogue" with Supporters Direct and could work together in deal.

Minus Tynecastle I presume as that is no longer in his gift?
I doubt Vlad is in a position to transfer any assets anymore.

[Hibby Kay-Yay]

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BBCBMcLauchlin‏@BBCBMcLauchlinTalks are at an advanced stage between Supporters Direct and Vladimir Romanov over a transfer of ownership of Hearts.

BBCBMcLauchlin‏@BBCBMcLauchlin
A deal between Supporters Direct and Romaov could be concluded for the start of the new season

BBCBMcLauchlin‏@BBCBMcLauchlin
Foundation of Hearts also having "constructive dialogue" with Supporters Direct and could work together in deal.

Romanov does not have the power to just clear/forgive the debt anymore...

[rcarter1]

Hmmm. Endgame approaches perhaps? I wont be surprised if the Yams get their big debt cleared. But with Tynie they have a dead weight, and if they move it wont be ideal for them.

[bingo70]

Coincidence this story gets leaked on day Vlad is due to attend his first game in months?

[Bostonhibby]

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BBCBMcLauchlin‏@BBCBMcLauchlinTalks are at an advanced stage between Supporters Direct and Vladimir Romanov over a transfer of ownership of Hearts.

BBCBMcLauchlin‏@BBCBMcLauchlin
A deal between Supporters Direct and Romaov could be concluded for the start of the new season

BBCBMcLauchlin‏@BBCBMcLauchlin
Foundation of Hearts also having "constructive dialogue" with Supporters Direct and could work together in deal.

Very poor reporting, not so much that research hasn't been done, a short term memory would be enough to confirm that Vlad is not in hte game any more! maybe the BBC even reported how it came about! The other organisations don't ahve a pot to piss in unless they have a friendly bank or other lender!

[Bostonhibby]

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Hmmm. Endgame approaches perhaps? I wont be surprised if the Yams get their big debt cleared. But with Tynie they have a dead weight, and if they move it wont be ideal for them.

There's been a million potential end games and I have been wrong before but I am starting to think that in the absence of someone wealthy wanting to spend a fortune on them as a plaything the end game will arrive very quickly after the Cup final cash is in the relevant bank account, I do not see it reaching any creditors or paying any real debts to the mugs that haven't sued for their money.

This is the last big chunk of cash for a while and it will be hoovered up to make a small dent in the toxic debt pile by the people who are managing it now in Lithuania.

There are very few weeks coming up now where income exceeds expenditure/liabilities and their remit can't be to subsidise a loss making entity or prop up an owners ego by writing off any more debt or providing any new money. Evidence of this was the recent managerial appointment - nothing more than cutting out the cost of McGlynn from the projected liabilities and covering it with a cheaper version that was already on the books and dealt with the problem short term - as short as till after the Cup final is the question?

[truehibernian]

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Very poor reporting, not so much that research hasn't been done, a short term memory would be enough to confirm that Vlad is not in hte game any more! maybe the BBC even reported how it came about! The other organisations don't ahve a pot to piss in unless they have a friendly bank or other lender!

Are you surprised - it is tweeted by a Hearts supporting 'journalist' after all. Big Brian needs to lay off the haribo, he's clearly sugar rushing - Hearts are going to the wall and he's not got the guts to really investigate it.

[Bostonhibby]

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Are you surprised - it is tweeted by a Hearts supporting 'journalist' after all. Big Brian needs to lay off the haribo, he's clearly sugar rushing - Hearts are going to the wall and he's not got the guts to really investigate it.

Maybe Big Brian is actually Wee Shaun Lawsons stage name!

[The Falcon]

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BBCBMcLauchlin‏@BBCBMcLauchlin
A deal between Supporters Direct and Romaov could be concluded for the start of the new season

Hardly anything imminent then.............

[Gus Fring]

This strikes me as just a well timed "leak" to placate the potential angry masses before they get humped by St Mirren in the wee cup. Vlad isn't in a position to make these decisions now. Even if the new board at UBIG do decide to forgive the debt and give hearts away to the fans on Vlad's orders (why would they?) then that doesn't do anything about the Bus Shelter.

Vlad's just buying himself some time here. That is, of course, if he's even involved in any of this at all. It looks and sounds to me like it's just been plucked out of thin air.

[pontius pilate]

This is the leak for the masses not to turn on the team after the **** get walloped to-day. I did mention in previous posts this week that F.O.H allegedly had a meeting planned with the Scandinavian lot but the scandies pulled the plug. I also mentioned that the **** hordes believe they will escape debt free as clad will clear this IF they win to-day. I think after next week when they lose to-day and their league game the plug will be pulled and admin beckons.

[TheReg!]

Am I right in thinking that even if Vlad sells his shares in the club the debt will remain? I thought the debt is now with another party as his bank has went bust?

[Treadstone]

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BBCBMcLauchlin‏@BBCBMcLauchlin
A deal between Supporters Direct and Romaov could be concluded for the start of the new season

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Hardly anything imminent then.............

Aye mind and cover yersel Brian just in case you have been fed a lot of garbage.

[Gus Fring]

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Am I right in thinking that even if Vlad sells his shares in the club the debt will remain? I thought the debt is now with another party as his bank has went bust?

The debt is with UBIG, Vlad is no longer on the board there so isn't in a position to make direct decisions on what happens with it.

Tynecastle was "owned" by Ukio Bankas and will be dealt with by the administrator.

[Leithenhibby]

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The debt is with UBIG, Vlad is no longer on the board there so isn't in a position to make direct decisions on what happens with it.

Tynecastle was "owned" by Ukio Bankas and will be dealt with by the administrator.

"representatives of Vladimir Romanov" Are in advanced talks!..

Could this be the administrator? It won't be anything to do with him though, surely

[CropleyWasGod]

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Am I right in thinking that even if Vlad sells his shares in the club the debt will remain? I thought the debt is now with another party as his bank has went bust?

Vlad doesn't own the shares. UBIG do.

[jonty]

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Vlad doesn't own the shares. UBIG do.

So given that he no longer runs ubig, he can't actually be selling hearts.

It's a shame he wasted his hard earned cash flying in to watch the club he previously owned get turned over. He can't pick the team any more. What else does he expect?

[CropleyWasGod]

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So given that he no longer runs ubig, he can't actually be selling hearts.

It's a shame he wasted his hard earned cash flying in to watch the club he previously owned get turned over. He can't pick the team any more. What else does he expect?

He could, conceivably, be authorised by the UBIG Board to negotiate with a potential buyer. After all, he has a better knowledge of the issues than the new Board.

However, given the suspicions about his dealings, I would be surprised if that's the case.

[Seveno]

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He could, conceivably, be authorised by the UBIG Board to negotiate with a potential buyer. After all, he has a better knowledge of the issues than the new Board.

However, given the suspicions about his dealings, I would be surprised if that's the case.

Does UBIG have a new Board yet ?

[s.a.m]

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He could, conceivably, be authorised by the UBIG Board to negotiate with a potential buyer. After all, he has a better knowledge of the issues than the new Board.

However, given the suspicions about his dealings, I would be surprised if that's the case.

If he was to off-load them (and their debt obligations, and their stadium), would the Lithuanian authorities (or whoever is charged with pursuing funds for UKIO depositers) not take a dim view of the fact he's given away a potential source of revenue? I know UBIG aren't done yet, but presumably the Liths have their eye on their comings and goings?

[CropleyWasGod]

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Does UBIG have a new Board yet ?

I presume so. If Lith law is the same as UK law in that respect, they need to have at least 1 director at any one time.

[CropleyWasGod]

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If he was to off-load them (and their debt obligations, and their stadium), would the Lithuanian authorities (or whoever is charged with pursuing funds for UKIO depositers) not take a dim view of the fact he's given away a potential source of revenue? I know UBIG aren't done yet, but presumably the Liths have their eye on their comings and goings?

If he is acting on behalf of the UBIG Board, he may also have been authorised to do so by the UKIO administrator.

All for a "registration fee" of course.