Share Transfers Agreed/Cooling off period

[Mikey]

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And presumably this is where hearts would appoint their own adminstrator?

Presumably.

Everyone knows it's a case of when and not if. They'll be doing all they can to hold out until June but it's out of their hands.

[Billy Whizz]

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Presumably.

Everyone knows it's a case of when and not if. They'll be doing all they can to hold out until June but it's out of their hands.

Next week, derby week, would be nice

[Treadstone]

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BBCBMcLauchlin ‏@BBCBMcLauchlin 3m A decision from a Kaunas court on Ukio Bankas being declared bankrupt may not be made public today. #bbcsportscot

This seems reasonably on top of things from Brian is he getting help or is this stuff readily available on t'internet. Also #allisbarry is a bit quiet today.

[grunt]

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This seems reasonably on top of things from Brian is he getting help or is this stuff readily available on t'internet. Also #allisbarry is a bit quiet today.

Tbf he does work for possibly the largest news organisation in the world. Barry doesn't.

[DC_Hibs]

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Hearts are classified as bad assets so will be offloaded from ubig ASAP, whether that's to another buyer or they're stripped down and broken up. They want as much money from them as possible and nobody is going to buy hearts for £15million, so administration and total jambogeddon is the most likely outcome.

It won't take much breaking up. Their only realisable asset is the Savile Dome.
Their club is worth the square root of fe-k all, including the few players under contract next season.

One dilapidated stadium that's not fit for purpose, 25-30m of debt?, 1.5m tax outstanding and luckily they wrote off/swapped another £38m of debt in recent years as they'd be history already.

Roll up, Roll up.

[Off the bar]

nothing we didn't know already but a good summary of McLauchlins tweets

http://www.bbc.co.uk/sport/0/football/22382617

[clerriehibs]

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That will be to give the affected businesses (including Hearts) time to figure out what they are going to do before it becomes public knowledge.

Hearts said earlier in the week in response to the Sun story that they would know before anyone else if they would have to go into administration.

Anything that hearts say can be discounted. Lying is 2nd nature to them.

[grunt]

Where does this £15m figure come from, does anybody know?
It seems to have appeared over the last week, but I haven't seen it supported by any source.

[Mikey]

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Where does this £15m figure come from, does anybody know?
It seems to have appeared over the last week, but I haven't seen it supported by any source.

See post 2503 on the PM board thread. That's as good a guess as you're likely to get

[KeithTheHibby]

Anyone else doing no work and continuing to refresh this thread?

[Platinum Scotty]

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Anyone else doing no work and continuing to refresh this thread?

Guilty as charged!!

[Westie1875]

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Anyone else doing no work and continuing to refresh this thread?

Yes! Taking too long for my liking, are they dead yet?

[Hibby Gav]

latest summary from the Beeb
http://www.bbc.co.uk/sport/0/football/22382617

[KeithTheHibby]

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Guilty as charged!!

Lucky I am self employed then!

As luck would have it I need to drive by Tynecastle around back of 4, will be sure to report back if there is anything happening.

[CropleyWasGod]

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latest summary from the Beeb
http://www.bbc.co.uk/sport/0/football/22382617

So, suddenly the security has jumped from £6.8m to £15m.

Either HMFC haven't filed that paperwork, or it's hogdust.

[clerriehibs]

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Yes! Taking too long for my liking, are they dead yet?

I'm so loving this. Apparently, we died as a club last year. Fast forward 12 months, and the motherlovers truly are staring into the abyss, while we're cheesing about yet another cup final.

Oh the irony! If we are really are dead, and this is the afterlife, I'm loving it!

Note to any yam lurkers; irony isn't one of those hot metal things you use to take the crease out of your cup final ticket (if you had one; you won't).

[PatHead]

Does anyone know if the HMRC money was due yesterday and if it was paid if so?

[blindsummit]

Good morning all!
It's 7.45 am here in sunny and warm South West Ontario. Spring has arrived at last and it's going to be a lovely day.

Just logged in at work and I have only one question.

Are these frackers not dead yet????

I am not going to get any work done today, I can tell.

[theonlywayisup]

No need to worry, according to Murray!

http://www.scotsman.com/sport/footba...arts-1-2916555

"There’s a political issue as well. Lithuania takes chairmanship of the European Council in October for six months. It’s the first time they’ve done it. and they want to be seen as a mature democracy and economy. The last thing the Lithuanian authorities want to do is bring down a football club in another capital city. I wouldn’t see how that’s in the interests of the creditors either."

Clutching at straws!!!!

[SaulGoodman]

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Note to any yam lurkers; irony isn't one of those hot metal things you use to take the crease out of your cup final ticket (if you had one; you won't).

By looking at that ex kickback admin that got put on the register.. It's something they'd use to brand their wives

[Geo_1875]

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No need to worry, according to Murray!

http://www.scotsman.com/sport/footba...arts-1-2916555

"There’s a political issue as well. Lithuania takes chairmanship of the European Council in October for six months. It’s the first time they’ve done it. and they want to be seen as a mature democracy and economy. The last thing the Lithuanian authorities want to do is bring down a football club in another capital city. I wouldn’t see how that’s in the interests of the creditors either."

Clutching at straws!!!!

But surely in these times of austerity they wouldn't want to be seen as an easy touch for dodgy dealers.

[Part/Time Supporter]

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No need to worry, according to Murray!

http://www.scotsman.com/sport/footba...arts-1-2916555

"There’s a political issue as well. Lithuania takes chairmanship of the European Council in October for six months. It’s the first time they’ve done it. and they want to be seen as a mature democracy and economy. The last thing the Lithuanian authorities want to do is bring down a football club in another capital city. I wouldn’t see how that’s in the interests of the creditors either."

Clutching at straws!!!!

BTW, since when has Edinburgh become a capital city of an EU member state?

[Hibeesforever]

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Lucky I am self employed then!

As luck would have it I need to drive by Tynecastle around back of 4, will be sure to report back if there is anything happening.

There have been no demonstrations there thus far, don't expected anything when the inevitable happens. Just imagining if today was the day.....Dundee to stay up ? Fantastic!

[Pretty Boy]

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No need to worry, according to Murray!

http://www.scotsman.com/sport/footba...arts-1-2916555

"There’s a political issue as well. Lithuania takes chairmanship of the European Council in October for six months. It’s the first time they’ve done it. and they want to be seen as a mature democracy and economy. The last thing the Lithuanian authorities want to do is bring down a football club in another capital city. I wouldn’t see how that’s in the interests of the creditors either."

Clutching at straws!!!!

I'm sure Merkel, Hollande, Cameron et al have the yams at the forefront of their thoughts when negotiating with Lithuania.

[JimBHibees]

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No need to worry, according to Murray!

http://www.scotsman.com/sport/footba...arts-1-2916555

"There’s a political issue as well. Lithuania takes chairmanship of the European Council in October for six months. It’s the first time they’ve done it. and they want to be seen as a mature democracy and economy. The last thing the Lithuanian authorities want to do is bring down a football club in another capital city. I wouldn’t see how that’s in the interests of the creditors either."

Clutching at straws!!!!

Complete nonsense that bit. Not like a yam to get a little full of his/their own importance. I am assuming the fall out of this will be a little more serious than affecting a piddly football club from thousands of miles away, there is likely to be a number of companies going under with loads of jobs lost and dont think Hearts will register very large if at all in any discussion regarding this.

[EdinMike]

******' Boo !!

[Beefster]

Angela Merkel's just been on Sky Sports News saying that she'll be working closely with Foulkes and Murray in the negotiations with Lithuania to save the club that won the First World War.

[clerriehibs]

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BTW, since when has Edinburgh become a capital city of an EU member state?

He can't be Labour and say that. I wonder if his bosses know of this opinion of his.

[blackpoolhibs]

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Complete nonsense that bit. Not like a yam to get a little full of his/their own importance. I am assuming the fall out of this will be a little more serious than affecting a piddly football club from thousands of miles away, there is likely to be a number of companies going under with loads of jobs lost and dont think Hearts will register very large if at all in any discussion regarding this.

Hearts are about as important in this, as the newsagent was in the rangers saga.

[matty_f]

I would have thought that Vlad's vanity projects would have been high up on the wish list of funds to recover first.