Share Transfers Agreed/Cooling off period

[southsider]

Is their tax not due at the end of April ? S/t holder at pbs told me it was and admin. is a certainty. Lets hope so....no wait liquidation sounds better.

[CropleyWasGod]

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Is their tax not due at the end of April ? S/t holder at pbs told me it was and admin. is a certainty. Lets hope so....no wait liquidation sounds better.

Which tax?

If you mean the first instalment of the £4.5m, I think it's May. No idea if that's the beginning, middle or end.

[JimBHibees]

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Which tax?

If you mean the first instalment of the £4.5m, I think it's May. No idea if that's the beginning, middle or end.

Is that the HMRC one that allisbarry seems to think they are paying up 50-60k a month?

[CropleyWasGod]

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Is that the HMRC one that allisbarry seems to think they are paying up 50-60k a month?

Yeah.

At the time of the agreement, the media suggested it was payable in three annual instalments, starting in May. Barry's investigative efforts have me doubting that now.

[MrSmith]

From this: http://www.bbc.co.uk/sport/0/football/20592369 it would appear they have settled one and scheduled the rest. It is ambiguous though in terms of scheduled payments either monthly or yearly or monthly/yearly??

Same here: http://sport.stv.tv/football/clubs/hearts/204009-hearts-settle-big-tax-case-with-hmrc-to-pay-15m-bill-over-three-years/

[justlikebrazil]

For a club that are going tits up its in the sun today that they are trying to sign Chris Humphreys from Motherwell!!! A just want them to die :-(

[HIBERNIAN-0762]

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For a club that are going tits up its in the sun today that they are trying to sign Chris Humphreys from Motherwell!!! A just want them to die :-(

It's all bluff and bluster, plus the fact any player signing for this mob needs their head seen to, this is just baloney to get the mugs to part with cash for season tickets..

Just please die...soon..

[Gus Fring]

Celtic were interested in him last season as well. As it stands Hearts still have a transfer embargo in place. Humphrey is 25 so they can't sign him until that's lifted. If you want them to die, seeing them increase their outgoings is a good sign. I personally hope they sign him on a wage they can I'll afford.

As said though its all BS to keep the fans happy. "We're signing so and so" "Fan ownership is coming" "We're making a small profit" is all just nonsense to keep the money coming in. In fairness, Hearts aren't going to turn round and say "We're screwed" as they've already played that card one this season.

[Treadstone]

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As said though its all BS to keep the fans happy. "We're signing so and so" "Fan ownership is coming" "We're making a small profit" is all just nonsense to keep the money coming in. In fairness, Hearts aren't going to turn round and say "We're screwed" as they've already played that card one this season.

"We're signing so and so" ✓
"Fan ownership is coming" ✓
"We're making a small profit" TBA

Jamie Borthwick ‏@jamiekborthwick2h
I'll be speaking to Alex Mackie today as Foundation of Hearts reveal details of their plan to have #HMFC fan-owned.

[Sergey]

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"We're signing so and so" ✓
"Fan ownership is coming" ✓
"We're making a small profit" TBA

Jamie Borthwick ‏@jamiekborthwick2h
I'll be speaking to Alex Mackie today as Foundation of Hearts reveal details of their plan to have #HMFC fan-owned.

Is this Jamie Borthwick related to this upstanding Yam?

http://www.thescottishsun.co.uk/scot...rty-faker.html

[Treadstone]

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Is this Jamie Borthwick related to this upstanding Yam?

http://www.thescottishsun.co.uk/scot...rty-faker.html

Are they not all related ?!

[Ross4356]

Did they ever get that fan on the board?

[Gus Fring]

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Did they ever get that fan on the board?

Three speed one I think, one of the ones with the wee pin you pull to make it rotate.

[Seveno]

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Celtic were interested in him last season as well. As it stands Hearts still have a transfer embargo in place. Humphrey is 25 so they can't sign him until that's lifted. If you want them to die, seeing them increase their outgoings is a good sign. I personally hope they sign him on a wage they can I'll afford.

As said though its all BS to keep the fans happy. "We're signing so and so" "Fan ownership is coming" "We're making a small profit" is all just nonsense to keep the money coming in. In fairness, Hearts aren't going to turn round and say "We're screwed" as they've already played that card one this season.

It's actually Barry Humphreys that they are after and they can't sign him until he has completed his Dame Edna Everage Farewell Tour.

[#FromTheCapital]

Statement from Foundation of Hearts on how they plan to run some *****y football team and keep them playing at a pink bus shelter next to a farm

http://www.foundationofhearts.org/news/

[Hibby70]

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Statement from Foundation of Hearts on how they plan to run some *****y football team and keep them playing at a pink bus shelter next to a farm

http://www.foundationofhearts.org/news/

At least they get a certificate.

[MrSmith]

All ifs, ands and buts!

Nothing new there! However no clarity in regards to Romanv, UKIO, UBIG, the new owners or the likelihood of debt remaining and being part of settlement.

[CropleyWasGod]

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All ifs, ands and buts!

Nothing new there! However no clarity in regards to Romanv, UKIO, UBIG, the new owners or the likelihood of debt remaining and being part of settlement.

To be fair, they have to talk it up. It's a chicken-and-egg situation. The more people they can get involved, the more chance there is of doing a deal. The more chance of a deal, the more likely UKIO's administrators will talk to them.

Any negativity, and fans will back off, which will make it more likely that UKIO will too.

But I agree with you, there really is nothing new.

[ancient hibee]

They seem to want to offer for/buy the shares before they've raised the money-interesting concept.

[bighairyfaeleith]

Who would buy shares in a club with 25 million of debt?

[Seveno]

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They seem to want to offer for/buy the shares before they've raised the money-interesting concept.

Well it worked for the big Weegie brother.

[#FromTheCapital]

This whole idea of fan ownership in hearts case is never going to work. They get fans to pledge money up to £100 per month. This seems to be central to everything they hope to acheive. Really what is a pledge worth?..... **** all. They're struggling to get 11k fans through the gates just now, why would they expect fans to give them enough money to buy the club? Hearts have absolutely no chance of survival if this is their only option.

[Treadstone]

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This whole idea of fan ownership in hearts case is never going to work. They get fans to pledge money up to £100 per month. This seems to be central to everything they hope to acheive. Really what is a pledge worth?..... **** all. They're struggling to get 11k fans through the gates just now, why would they expect fans to give them enough money to buy the club? Hearts have absolutely no chance of survival if this is their only option.

Non starter for me. How are they going to get fans to give and KEEP on giving ? A mobile phone type contract ? No chance.

[#FromTheCapital]

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Non starter for me. How are they going to get fans to give and KEEP on giving ? A mobile phone type contract ? No chance.

Exactly, it's got so many flaws I don't know where to start. If anyone hopes to keep hearts alive they're going to need a lot of money up front that they're willing to waste. Not a bunch of pledges made by random football fans (many of whom will be hibees, made a few myself )

[StevieC]

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Statement from Foundation of Hearts on how they plan to run some *****y football team and keep them playing at a pink bus shelter next to a farm

http://www.foundationofhearts.org/news/

So the jist of it is ...

Give us loads of money and you will get the opportunity to vote an unpaid (possibly inexperienced) football supporter on a 9 man (or woman ) board that will have no financial investment for a club turning over £8m a year and £25m in debt.

Seems like thye've got it all under control and ... all is barry.

[jdships]

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Statement from Foundation of Hearts on how they plan to run some *****y football team and keep them playing at a pink bus shelter next to a farm

http://www.foundationofhearts.org/news/

In principle it sounds a great idea but in practice - well ?
Funding and the safeguarding of funding is their big problem
No one in their right mind will invest in a football club .

[greenginger]

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Non starter for me. How are they going to get fans to give and KEEP on giving ? A mobile phone type contract ? No chance.

I seem to remember the last Yam ownership love-in did'nt last too long and there were only two cardigan wearers involved.

Pie-man and Leslie Deans lasted a couple of seasons before they were at each others throats over whose turn it was to be Chairman !

[Gus Fring]

Hearts didn't even meet the target for their "share issue". Now a 3rd party is asking for even more money from even more fans for something that might never happen? It's never going to work.

Hearts only chances of survival are if they get some rich lunatic whose prepared to a massive hit to keep the club alive or for their debt to disappear somehow, either through some jiggery pokery at UBIGs end or because they've "done a rangers".

All the idiots running and supporting that club are adamant they are now "almost self sufficient" In the last 12 months Hearts have had 2 cup finals, a visit from spurs, a share issue, deferred payment of taxes, early payment for 1 player and the sale of another, it's not exactly sustainable.

[StevieC]

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Statement from Foundation of Hearts on how they plan to run some *****y football team and keep them playing at a pink bus shelter next to a farm

I don't get the talk about getting purchasing the shares from UBIG? The shares are worthless and buying them makes no sense at all.

What is required is hard cash, and damn good negotiating skills, to prize the security over Tynecastle away from the Lithuanian administrators. Secure Tynecastle and you secure the football team (albeit after a Sevco style liquidation process).

For them to secure Tynecastle they would need to agree a repayment plan (and probably show a sustainable business plan) with the Lithuanian administrators for around £7m of the £25m debt.

If their business plan includes a monthly donation from "members" to sustain the plan they'll be lucky to even get a face to face meeting with the administrators.

[Kato]

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Statement from Foundation of Hearts on how they plan to run some *****y football team and keep them playing at a pink bus shelter next to a farm

http://www.foundationofhearts.org/news/

"the purchase of these shares – should this be achieved"

So the big huge obstacle is discussed in that little bit of a small sentence then it just goes on to waffle about how the *"upper echelons" of their *"corridors of power" will be structured.

(copyright, Barry Anderson)

I hope this pompous bunch of cardigan wearers take them over. They are clowns.