Share Transfers Agreed/Cooling off period

[CropleyWasGod]

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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 ;)

It won't be in the Council's power if we become independent either. It will still be a Government matter.

However, I agree with you on the stadium question. It's been said often on here:- the idea of a Council-funded stadium is a non-starter. Even allowing for the idea (myth? truth?) that we have a Yam-dominated Council, they are politicians before they are football fans. They will not support a scheme that has the disapproval of 90% of the electorate.

[CropleyWasGod]

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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.

Not nearly as long as the story itself has been running. Pick any one from (1) the day the Pieman took the SMG money (2) the day VR took over (3) the day he sacked Burley.

The truth is that it has been, in commercial terms, a slow creeping demise. That has continued and will continue to do so, until its eventual conclusion. No-one knows yet what that will be, (IMO there is much enjoyment and disappointment yet to be had), but until that happens this thread will continue.

[NOLA]

"I hope the fans remember that if you believe, if you go for it, then everything is possible. You can win the Scottish Cup and become a champion."

So if we just believe then we can win a scottish cup too. Lol simple really.

[Aldo]

I think you'll find that in this current financial climate that the council don't have that sort of money to spend.

Do you really think the tax payer will be happy with their money being spent in bailing out that lot with a new stadium etc.

There would be utter uproar. My uncle and cousins live in Edinburgh and have said they will refuse to pay council tax if they do?? We shall see

[The_Horde]

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"I hope the fans remember that if you believe, if you go for it, then everything is possible. You can win the Scottish Cup and become a champion."

So if we just believe then we can win a scottish cup too. Lol simple really.

But apparently no amount of believing can stop you from going bust, losing the league cup to a wee team or failing to win the champions league in 5 years?

[The_Horde]

"Believe" ahahaha

[#FromTheCapital]

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"Believe" ahahaha

beLIEve

[Ross4356]

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You can put yer mortgage on that

Yous sound like Celtic fans

[The_Horde]

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beLIEve

[LeighLoyal]

Says he's put £60m into Hearts, I.E £60m of other folks money going by what his bank owes! UKIOS are as shameless as oldco hun and Murray's personal bankers in Bank of Scotland. At least he owned UKIOS mind you so that makes the old hun worse!

[Hibercelona]

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Says he's put £60m into Hearts, I.E £60m of other folks money going by what his bank owes! UKIOS are as shameless as oldco hun and Murray's personal bankers in Bank of Scotland. At least he owned UKIOS mind you so that makes the old hun worse!

I don't know.

Maybe the oldco just about shade it, but Hearts are certainly doing their best to at least try and equal their deceased brothers.

[#FromTheCapital]

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Says he's put £60m into Hearts, I.E £60m of other folks money going by what his bank owes! UKIOS are as shameless as oldco hun and Murray's personal bankers in Bank of Scotland. At least he owned UKIOS mind you so that makes the old hun worse!

Eastern Europeans live by a completely different set of rules to us. All of the deals they strike are back handers or done by slipping an envelope full of cash under the table in order to avoid tax. Corruption and money laundering is rife, there's no telling where some of that 60 million came from but you can guarantee that it's illegal.

[CropleyWasGod]

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Eastern Europeans live by a completely different set of rules to us. All of the deals they strike are back handers or done by slipping an envelope full of cash under the table in order to avoid tax. Corruption and money laundering is rife, there's no telling where some of that 60 million came from but you can guarantee that it's illegal.

You are Nigel Farage and I claim my £5.

[greenginger]

I would be surprised if there were not already moves being made by Yam leaning Councilors and Officials to build a case for the purchase of the PBS from the council capital budget.

The excuse, sorry reason will be to protect and enhance the value of the Council's existing properties ( the old Tynecastle school, the nursery and the office buildings currently let to HOMFC.

It makes commercial sense to square off a development site and lease the ground back to the Yams until they build their new Wonga Dome, after carrying out any necessary safety works of course.

In other words, be prepared for a stitch-up !

[crewetollhibee]

What is the current position re their stadium's safety certificate ? Is it up-to-date ? Overdue ? Who issues it ?

[NOLA]

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Yous sound like Celtic fans

Gonnae no

[brog]

Surely though Vlad effectively remains in charge at PBS. If I remember correctly the whole board of UBIG resigned but Fedotovas stated there was no change to shareholding. Again, from memory some diligent poster on here identified Vlad or his proxies as owning about 70+% of UBIG & as they own Yams has anything changed? If not then just who does own or is in charge at the asylum?

[CropleyWasGod]

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Surely though Vlad effectively remains in charge at PBS. If I remember correctly the whole board of UBIG resigned but Fedotovas stated there was no change to shareholding. Again, from memory some diligent poster on here identified Vlad or his proxies as owning about 70+% of UBIG & as they own Yams has anything changed? If not then just who does own or is in charge at the asylum?

We can only go on what information is in the public domain. Sure, the latest we know is that Vlad, through UBIG, is probably still the biggest fish. On the other hand, we don't know whether he still has those shares in UBIG, for example.

My guess is that, since he knows he personally will get s'd-all out of it, he doesn't really care any more. Hence his saying that it's up to "the administration".

[brog]

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We can only go on what information is in the public domain. Sure, the latest we know is that Vlad, through UBIG, is probably still the biggest fish. On the other hand, we don't know whether he still has those shares in UBIG, for example.

My guess is that, since he knows he personally will get s'd-all out of it, he doesn't really care any more. Hence his saying that it's up to "the administration".

Agreed but I'd be astonished if Vlad's not the man still in control. The quotes today re a sale of 51% are being attributed to him ( I know that's not particularly meaningful ) but no one else has stood up & said they're in charge. As other posters have said it's time this whole sorry farce was brought to an end!.

[inglisavhibs]

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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.

You are correct, this is old hat and repeating that Hearts fate will be determined by the new bank's decision on the 25m they are owed by UBIG/ Hearts. Talking about the debt, i thought under SPL rules that Hearts had to disclose their accounts from last year by 31st March?

[CropleyWasGod]

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You are correct, this is old hat and repeating that Hearts fate will be determined by the new bank's decision on the 25m they are owed by UBIG/ Hearts. Talking about the debt, i thought under SPL rules that Hearts had to disclose their accounts from last year by 31st March?

They have to lodge them with the SFA by then. They may have done so.

[inglisavhibs]

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They have to lodge them with the SFA by then. They may have done so.

Fair point.

[Criswell]

I like Vlad's quote about Hearts now operating at a profit and therefore do not need any more funding. Funny...I seem to remember a recent ultimatum to their fans along the lines of: unless we can raise £1.6 million asap the games up! So youse had better start forking out for these mickey mouse "shares" or else!

[greenginger]

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They have to lodge them with the SFA by then. They may have done so.

I wonder if the SFA would respond to a polite inquiry on the subject.

[Leithenhibby]

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I wonder if the SFA would respond to a polite inquiry on the subject.

You know you want too! ....

[Braids Hibby]

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I like Vlad's quote about Hearts now operating at a profit and therefore do not need any more funding. Funny...I seem to remember a recent ultimatum to their fans along the lines of: unless we can raise £1.6 million asap the games up! So youse had better start forking out for these mickey mouse "shares" or else!

He's playing the clowns for fools and they still dance to his tune. Deluded or what :)

[hibs0666]

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I wonder if the SFA would respond to a polite inquiry on the subject.

[email protected]

[HIBERNIAN-0762]

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[email protected]

Strongly but politely worded letter sent....

[jacomo]

Stuart Bathgate is promoting the latest hopeful scenario in the Scotsman today:

http://www.scotsman.com/sport/footba...sale-1-2873832

It seems to run something like this: the Hearts supporters' groups all make friends and agree a joint bid for a debt-free club (presumably this means going into administration to wipe out the c. £20m that Hearts owe).

This leaves the £6.8m security over the stadium, but apparently the ground isn't worth that, so the Lithuanian Central Bank decides not to bother selling Tynecastle and allows Hearts to continue playing there indefinitely.

[Spike Mandela]

Every single solution put forward by Hearts fans or prospective buyers involves avoiding paying debt. Every insolvency event from the Pars, Dundee, Motherwell right through to Rangers involves the shedding of large amounts of debt.

Football debts are so worthless it is a wonder any companies want to do business with a football club.

Hibs for instance want to be seen as a model football club but in truth the way it is being run is to avoid Farmer and Petrie ending up losing a lot of money not to safeguard Hibs. Nothing at all wrong with that and admirable but If Hibs were to play the game, splash the cash, enjoy some good times then have an insolvency event it is the owners that suffer not the fans. We'd no doubt end up run by the next set of mugs, starting debt free until they'd racked up enough debt for the next insolvency event.

Administration is the way forward in football, the cheats charter , the pre packed way to success on the field.

Imagine if administration rules were actually tough and genuinely designed to recover creditors money. Imagine Rangers with no faux punishments, carrying on as they were but hamstrung by having to pay back ALL the debt to creditors they racked up over athe period of a payment plan with sanctions for non payment. Now that would be justice.