Share Transfers Agreed/Cooling off period

[SteveHFC]

FEARS were growing last night that Hearts are set to plunge into administration.

The Jambos owe Vladimir Romanov’s crippled Ukio Bankas and its parent company UBIG £25MILLION.
SunSport understands a Glasgow-based auditing firm is on standby to act if the worst nightmare of Tynecastle staff and fans is realised — possibly even as soon as the next week.
And that scenario would hand current SPL bottom side Dundee a potential reprieve from relegation.
Second bottom St Mirren, still chasing the win to secure their top-flight status, would also be cheered.
Hearts, presently 10th and 11 points clear of John Brown’s men, would be hit with a 17-point deduction going into the last fortnight of the season.
Depending on this weekend’s results it could instantly relegate Gary Locke’s side.
It is believed that the February crash of Ukio Bankas — owed £15m by the Scottish Cup holders — immediately left Hearts in a precarious position.
Supremo Romanov and right-hand man Sergejus Fedotovas, also a Jambos director, quit the board of Kaunas-based parent company and effective club owners UBIG soon after.
Hearts — who late last year rushed out a share issue to raise £1m-plus to cover an HMRC bill plus running costs which threatened to kill them off — are also in debt to UBIG to the tune of £10m.
UBIG have a 79 per cent stakeholding in Hearts, who are desperate to stave off any possible administration until at least June 1 when it’s understood their ‘golden’ SPL share would be formally confirmed again for 2013-14.
In that event they would not be relegated but would start the new season with a minimum minus 12 points.
Last night a Tynecastle source insisted: “As far as we’re concerned it’s business as usual.”

Read more: http://www.thesun.co.uk/scotsol/home...#ixzz2RtlVcS1I

[The Green Goblin]

Isn't it 18 points? Not 17...

[silverhibee]

[The Green Goblin]

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Isn't it 18 points? Not 17...

But hey....who's counting?

[Saorsa]

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FEARS were growing last night that Hearts are set to plunge into administration.

The Jambos owe Vladimir Romanov’s crippled Ukio Bankas and its parent company UBIG £25MILLION.
SunSport understands a Glasgow-based auditing firm is on standby to act if the worst nightmare of Tynecastle staff and fans is realised — possibly even as soon as the next week.
And that scenario would hand current SPL bottom side Dundee a potential reprieve from relegation.
Second bottom St Mirren, still chasing the win to secure their top-flight status, would also be cheered.
Hearts, presently 10th and 11 points clear of John Brown’s men, would be hit with a 17-point deduction going into the last fortnight of the season.
Depending on this weekend’s results it could instantly relegate Gary Locke’s side.
It is believed that the February crash of Ukio Bankas — owed £15m by the Scottish Cup holders — immediately left Hearts in a precarious position.
Supremo Romanov and right-hand man Sergejus Fedotovas, also a Jambos director, quit the board of Kaunas-based parent company and effective club owners UBIG soon after.
Hearts — who late last year rushed out a share issue to raise £1m-plus to cover an HMRC bill plus running costs which threatened to kill them off — are also in debt to UBIG to the tune of £10m.
UBIG have a 79 per cent stakeholding in Hearts, who are desperate to stave off any possible administration until at least June 1 when it’s understood their ‘golden’ SPL share would be formally confirmed again for 2013-14.
In that event they would not be relegated but would start the new season with a minimum minus 12 points.
Last night a Tynecastle source insisted: “As far as we’re concerned it’s business as usual.”

Read more: http://www.thesun.co.uk/scotsol/home...#ixzz2RtlVcS1I

I thought it was 18, every point counts

[PatHead]

The Sun obviously read Hibs.net

[Mon Dieu4]

i hope its true but that article is just a fleshed out version of what's on here, fingers crossed

[Glesgahibby]

Here we go !!!

[SteveHFC]

Is it okay admins if i post a few Daffy Duck gifs?

[Saorsa]

[matty_f]

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#allisnotbarry

Depends on your point of view!!

[FranckSuzy]

:fenlon

[SteveHFC]

[matty_f]

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Nowt sums up the nonsense at the PBS better than a dancing zebra.

[SteveHFC]

McGlynn Style Advisor, on 29 April 2013 - 11:34 PM, said:
Seems to be a strong rumour.

I did say when we were ******* about with McGlynn we had to get much more points because relegation was still possible.

[shezer]

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That's class.Pure class.......This is the thread that keeps on giving

[SteveHFC]

Scotland needs a Strong Hearts

[PatHead]

Is Santa really coming tomorrow? How am I meant to sleep tonight?

[monktonharp]

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that's the one Steve.! that's the one . keep on dancin'

[cam75]

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Is Santa really coming tomorrow? How am I meant to sleep tonight?

I'm sure I heard sleigh bells ringing tonight :-)

[Hibercelona]

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I love you man!

[PerfectlyFranck]

The story in the Sun looks as reliable as Graeme Smith in goal.
If it does miraculously happen in the next 2/3 years, it will come with reports that it was due to Rangers' demise.
It will also come with a statement of foulplay and mafia-assassin-gangsters stealing money and laundering it for evil kingpins.

[#FromTheCapital]

Lets look at this rationally please before we crack open the champagne. So far all we have us a rumour started by a random Dundee fan on twitter and a story by the sun newspaper which has no quotes and looks like it could of taken all it's information from this thread. As usual they have at least one fact wrong as it would be an 18 point deduction. Think il just sit tight until something a bit more concrete comes to light.
I do think they will go into admin but for it to have the desired effect it really needs to happen in the next 2-3 weeks which I'm not so sure about.

[s.a.m]

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Lets look at this rationally please before we crack open the champagne. So far all we have us a rumour started by a random Dundee fan on twitter and a story by the sun newspaper which has no quotes and looks like it could of taken all it's information from this thread. As usual they have at least one fact wrong as it would be an 18 point deduction. Think il just sit tight until something a bit more concrete comes to light.
I do think they will go into admin but for it to have the desired effect it really needs to happen in the next 2-3 weeks which I'm not so sure about.

Howehhhhhhhhhhhver......at the very least, all this chat can't be making their creditors any more confident.
Hopefully


Edit: I'm liking your David Tennent work, Steve!

[bingo70]

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Lets look at this rationally please before we crack open the champagne. So far all we have us a rumour started by a random Dundee fan on twitter and a story by the sun newspaper which has no quotes and looks like it could of taken all it's information from this thread. As usual they have at least one fact wrong as it would be an 18 point deduction. Think il just sit tight until something a bit more concrete comes to light.
I do think they will go into admin but for it to have the desired effect it really needs to happen in the next 2-3 weeks which I'm not so sure about.

Nah, **** it I'm going to get excited. (You're probably right but the day I don't enjoy a story like this about hearts is the day I give up!)

[Hibby Kay-Yay]

This thread has been nothing but a tease, flirting with a promise of the grand prize. When that day arrives there will be a lot of laundry done, that's for sure.

[s.a.m]

Evening News‏@edinburghpaper4mHearts in battle for survival. The latest from Tynecastle on http://edinburghnews.com shortly

[3pm]

...according to the Evening News twitter feed a few moments ago.

Good luck Hearts but ultimately get it right ****in up you.

Edit - read that back. Don't wish any luck but the rest of the sentence applies.

[Saorsa]

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...according to the Evening News twitter feed a few moments ago.

Good luck Hearts but ultimately get it right ****in up you.

**** h****s

[Lucius Apuleius]

**** the ****** ********