Share Transfers Agreed/Cooling off period

[suavegav]

Back of EEN today. He's basically saying he will sell Hearts at any price. Whoever does buy the Yams, remember it comes with a 25 million debt. Hahahaha.

[Bostonhibby]

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Just spent the afternoon in the company of a yam belIEVar. Just WOW. all is barry. They have the resources to trade their way out of the situation and "all is BarrY"
He offered me a £1000 bet that hearts would still be trading in 6 months (but would not commit to what version of hearts he meant!).

Was with a normally sensible yam at the weekend, he knows a few who claim to be in the know his version of the above is that they have enough to get to the end of the season then the reason its all quiet (?!) about what will happen next is there are 2 wealthy edinburgh investors who are putting up £2m each through the FOH and they have been assured that will be enough - one of them is apparently some rich old woman from Corstorphine - maybe theY were licking her windows and saw her pile of cash behind the sofa?

I gave up listening there as £4m didn't seem to hit the spot when adding up the floating charge, the legacy debt, HMRC and of course the ground and other running costs. All still does sound pretty Barry, one positive from the discussion was that he was pretty vocal about Barry and said there were many like him who were not comfortable with Bazzer being their self appointed, or otherwise, mouthpiece!

[Kojock]

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Back of EEN today. He's basically saying he will sell Hearts at any price. Whoever does buy the Yams, remember it comes with a 25 million debt. Hahahaha.

http://www.scotsman.com/sport/footba...rice-1-2871975

Right I will start the bidding, two conkers and a beano.

[Treadstone]

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Back of EEN today. He's basically saying he will sell Hearts at any price. Whoever does buy the Yams, remember it comes with a 25 million debt. Hahahaha.

BBC Scotland has learned Hearts are around £25m in debt, with £15m of that secured by the stadium and now controlled by the administrators of Ukio Bankas.

http://www.bbc.co.uk/sport/0/footbal...medium=twitter

A few questions.

Is that figure correct ? 'Romanov told BBC Scotland' , does this mean they have actually sent someone to do a bit of digging/get an interview ?

'BBC Scotland has learned' is this to replace 'BBC Scotland understands' ?

[matty_f]

I noticed he said they plan to sell 51% of the shares. Is that significant?

[blackpoolhibs]

I thought the mad one had been relieved of power, and Hearts were not under his control anymore?

[Gus Fring]

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I thought the mad one had been relieved of power, and Hearts were not under his control anymore?

UBIG are the majority shareholders in Hearts, Romanov is a shareholder in UBIG. It's not his decision to make in his own.

This looks like another attempt to placate the fans, they come up every few weeks. If they wanted Hearts to be in fans control that badly then they would have done it by now. They just keep dangling the carrot so they keep spending money and keeping them afloat.

[Thecat23]

I've gave up myself with the whole will they won't they go bust. If they were I honestly think they would have done by now. I think they will get new owners and pay wages to the likes of St. Mirren, Motherwell etc.. The team will be a young one and will prob be very average at best. We will no doubt still struggle to beat them as Hibs have a now built in fear in my eyes not to attack them just hope we don't lose. Nothing will change apart from we will be on a more level playing field. Either that or this thread will still be going strong in 5 years time with the will they won't they???

[Gus Fring]

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http://www.scotsman.com/sport/footba...rice-1-2871975

Right I will start the bidding, two conkers and a beano.

Barry Anderson lifting all those quotes from the BBC without so much as a credit.

[#FromTheCapital]

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I've gave up myself with the whole will they won't they go bust. If they were I honestly think they would have done by now. I think they will get new owners and pay wages to the likes of St. Mirren, Motherwell etc.. The team will be a young one and will prob be very average at best. We will no doubt still struggle to beat them as Hibs have a now built in fear in my eyes not to attack them just hope we don't lose. Nothing will change apart from we will be on a more level playing field. Either that or this thread will still be going strong in 5 years time with the will they won't they???

Fair comment, finding it hard to disagree with any of that. Whilst it will be good to see them on a level playing field for the first time in my life, it won't exactly be the punishment many of us were hoping for.

One thing I do think is a certainty to happen though is that they will lose the PBS. Even ignoring the whole security issue with UB, the 'stadium' is an absolute disgrace and in the not too distant future it will fail to meet safety standards and criteria. Although I don't think their fans will even be too bothered by this anymore as long as they're still alive

[Peevemor]

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UBIG are the majority shareholders in Hearts, Romanov is a shareholder in UBIG. It's not his decision to make in his own.

This looks like another attempt to placate the fans, they come up every few weeks. If they wanted Hearts to be in fans control that badly then they would have done it by now. They just keep dangling the carrot so they keep spending money and keeping them afloat.

UBIG can't sell the stadium to anyone unless they repay UKIO at least the £6m+ (?) which is secured against it.

[Treadstone]

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Barry Anderson lifting all those quotes from the BBC without so much as a credit.

Noticed that too. Screams inferiority complex. No pun intended.

[Just Alf]

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http://www.bbc.co.uk/sport/0/footbal...medium=twitter

A few questions.

Is that (£15M) figure correct ? 'Romanov told BBC Scotland' , does this mean they have actually sent someone to do a bit of digging/get an interview ?

'BBC Scotland has learned' is this to replace 'BBC Scotland understands' ?

could be... it was something like "£6.9M + an unspecified floating charge + additional costs" (not sure on the exact wording).... but this looks like they're now totting up the loan interest against the PBS...... making it even more impossible to save from a Yam perspective.

[truehibernian]

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Slightly off topic but... boy is Penny HOT!!!!!!!!

Agreed, but Rachel from Countdown top trumps Penny.

[CentreLine]

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UBIG are the majority shareholders in Hearts, Romanov is a shareholder in UBIG. It's not his decision to make in his own.

This looks like another attempt to placate the fans, they come up every few weeks. If they wanted Hearts to be in fans control that badly then they would have done it by now. They just keep dangling the carrot so they keep spending money and keeping them afloat.

Hearts will finish this season in the Scottish Premier League's bottom six

"I don't care about the price," said Romanov. "It will be up to the administration of the club to calculate the share price.

Interesting phrase here? It looks to me like he is acknowledging that the club will go in to administration. No?

[MrSmith]

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Hearts will finish this season in the Scottish Premier League's bottom six

"I don't care about the price," said Romanov. "It will be up to the administration of the club to calculate the share price.

Interesting phrase here? It looks to me like he is acknowledging that the club will go in to administration. No?

I thought exactly the same thing! However, now administration talk is out in the open and appears to be a foregone conclusion, what are the SPL/SFA going to do about it?

[CropleyWasGod]

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Hearts will finish this season in the Scottish Premier League's bottom six

"I don't care about the price," said Romanov. "It will be up to the administration of the club to calculate the share price.

Interesting phrase here? It looks to me like he is acknowledging that the club will go in to administration. No?

No. He has no power at the PBS. I read it as the "current administration", ie the Board and executives.

An administrator would not be calculating the share price.

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I thought exactly the same thing! However, now administration talk is out in the open and appears to be a foregone conclusion, what are the SPL/SFA going to do about it?

They can't do anything until it happens.

I disagree that "administration talk is out in the open ". It's only being discussed on here, the true home of the facts.

[Thecat23]

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Fair comment, finding it hard to disagree with any of that. Whilst it will be good to see them on a level playing field for the first time in my life, it won't exactly be the punishment many of us were hoping for.

One thing I do think is a certainty to happen though is that they will lose the PBS. Even ignoring the whole security issue with UB, the 'stadium' is an absolute disgrace and in the not too distant future it will fail to meet safety standards and criteria. Although I don't think their fans will even be too bothered by this anymore as long as they're still alive

I hope they do lose the ground but that won't shock me either if the manage to keep hold of that as well mate.

[Hibee87]

As far as I can see this is pretty much a non story at the moment. Vlad has had them up for sale for a while now, and apart from acknowledging he is potless (we already knew) and that he will sell to the FOH (or whoever) for what he can get, it still doesnt answer any of the questions that would effect the hearts. I.e what happens to the stadium, what happenes to the debt, and what is happening to UBIG? all the story about selling to FOH is irrelevant until we/they know about the debt and stadium.......which I guess we will have a cleared picture in a week or 2 once the 'proper' administrator is appointed at Ukio and he/they release any findings on HMFC and/or UBIG.

[#FromTheCapital]

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I hope they do lose the ground but that won't shock me either if the manage to keep hold of that as well mate.

Yes its possible that they'll somehow keep hold of it, but in the long term I think they will need to move. There's going to come a time when the Asbestos Arena won't meet safety standards or SPL criteria (assuming their still in the top flight ), in fact i'm amazed that someone has deemed it to be safe in its current state. Hearts will then be forced to upgrade it or get rid of it. Barring a miracle they're not going to have enough cash to upgrade so moving will be their only option. Surely any new owners will need to consider this before they take over.

[Thecat23]

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Yes its possible that they'll somehow keep hold of it, but in the long term I think they will need to move. There's going to come a time when the Asbestos Arena won't meet safety standards or SPL criteria (assuming their still in the top flight ), in fact i'm amazed that someone has deemed it to be safe in its current state. Hearts will then be forced to upgrade it or get rid of it. Barring a miracle they're not going to have enough cash to upgrade so moving will be their only option. Surely any new owners will need to consider this before they take over.

I bet the council will jump in with a "Joint venture" and bail them out. If that did happen i'd expect our board to be getting in touch and asking for the same amount of money for us to invest in our team.

[gegs70]

Did he not sell some shares in the club to raise funds to keep them going? If the ground is held against the debt surely they will seel each asset seperately. The club and ground that is?

[hibees 7062]

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I bet the council will jump in with a "Joint venture" and bail them out. If that did happen i'd expect our board to be getting in touch and asking for the same amount of money for us to invest in our team.

You can put yer mortgage on that

[CropleyWasGod]

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Did he not sell some shares in the club to raise funds to keep them going? If the ground is held against the debt surely they will seel each asset seperately. The club and ground that is?

He doesn't own any shares. UBIG are the major shareholder.

Selling existing shares in the club would not raise any funds for the club. The new share issue, however, did...... in theory.

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You can put yer mortgage on that

So glad you're not my IFA

[southsider]

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I bet the council will jump in with a "Joint venture" and bail them out. If that did happen i'd expect our board to be getting in touch and asking for the same amount of money for us to invest in our team.

Will they risk wasting good money on a new stadium for the yams ? Already millions wasted on the trams.

[MrSmith]

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Will they risk wasting good money on a new stadium for the yams ? Already millions wasted on the trams.

Nothing would surprise me with this council! As long as Hibs get the same amount of assistance then, I would have no issue with it happening. But first, the council would have to knock this bedroom tax on the head. Far more needy things needing done than that needy bunch over there!!

[CropleyWasGod]

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Nothing would surprise me with this council! As long as Hibs get the same amount of assistance then, I would have no issue with it happening. But first, the council would have to knock this bedroom tax on the head. Far more needy things needing done than that needy bunch over there!!

That's not in their power.

[WindyMiller]

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I bet the council will jump in with a "Joint venture" and bail them out. If that did happen i'd expect our board to be getting in touch and asking for the same amount of money for us to invest in our team.

I'm surprised you can even face getting up in the morning.

[Thecat23]

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I'm surprised you can even face getting up in the morning.

Just gave up thinking they are doomed. No point any more. This thread has been going how long? Think the quicker we stop worrying about them the better it will be if they crawl out it. If they did go pop then it's a bonus.

[Hibee87]

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That's not in their power.

It will be when we become independant

any way back on the topic the council cant/wont build a stadium for the yams. At least not in the near future. The council and skint for a start, and to use tax payers money to build a stadium that is not needed would be met with objections at every turn, including the non football supporting element within the council. cardownie can bleet on about this as long as he wants but i cant see how they would get approval for this.

and even if the ydid, it would be a replacement for meadowbank, take years to plan, and even longer to build. it would have a running track and be used by the public and at the most i can only see around a 10,000 seat stadium as there is no call for anything bigger. including athletic events. theyll be playing in dunfermline long before a new stadium ;)