Share Transfers Agreed/Cooling off period

[Big Sexy Dave]

If Hertz go into admin and get relegated I'd miss the derby's but I want to see them suffer.

[Glorious]

The general feeling I have seen on FB from Jamtards is they know its coming but want to make it through to June without being penalised.

I don't care how long it takes, even if they remain in SPL next season - as long as they suffer for their past, death by a thousand cuts will do me just fine.

[EdinMike]

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The general feeling I have seen on FB from Jamtards is they know its coming but want to make it through to June without being penalised.

I don't care how long it takes, even if they remain in SPL next season - as long as they suffer for their past, death by a thousand cuts will do me just fine.

Not for me, this whole process has taken too long. Die now and do it swiftly ! I want to have a party...

[poolman]

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The general feeling I have seen on FB from Jamtards is they know its coming but want to make it through to June without being penalised.

I don't care how long it takes, even if they remain in SPL next season - as long as they suffer for their past, death by a thousand cuts will do me just fine.

FAO: Caversham and CWG ( two guys by the way who have done a great job )


What do you think will be the ultimate outcome in this Yam farce

Also does this mean that Ukio Bankas will now not be opening their fandabbydozy flagship branch in Castle St now

[WestEndHibee]

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i must be getting old but what's with the young team putting X at the end of messages these days, i see it on Facebook even between men, metrosexualism gone too far? id just delete him bud!

I agree, this is the real issue here.

[hibs4thecup1988]

So... Dundee give back their SPL. Share saturday 25th may...hearts go into admin hours later. Sunday 26th may we win that cup....

I seriously do not think my liver would hold up to the amount of alcohol I will consume...

I was off work for 2 weeks after 2007 with vocal chords knackered...wonder what will happen this year.

My mates on FB are under the impression hearts will survive though... Deluded or is there a chance??

[NW]

I am going to take a guess that

Hearts will be in the SPL next season
Hearts will still play at Tynecastle
They will go into Administration
This will end up a storm in a tea cup.

Going forward they may not own Tynecastle but I reckon an associated group will buy it on the cheap at some point and rent it back to Hearts.

[Winston Ingram]

The thing that is most farcical about this is is if administration happens after the end of the season it's actually not in Hearts interest to pick up any more points.

It'll be a 3rd of what they get this season, meaning that any games they win this season will mean a further point of next seasons total

[CropleyWasGod]

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FAO: Caversham and CWG ( two guys by the way who have done a great job )


What do you think will be the ultimate outcome in this Yam farce

Also does this mean that Ukio Bankas will now not be opening their fandabbydozy flagship branch in Castle St now

I never make predictions without covering my erse with disclaimers and major insurance policies

If I were a betting man (and I'm not, because I used to be crap at it.... so take that as a guide).....Disclaimer 1.

HMFC will not disappear. They may do a Sevco and crawl back into Division 3, or they may slip down the leagues into relative obscurity, but the commercial attraction of Hearts is not something that Scottish football will give up easily. That will stick in a lot of throats, and it does mine, but it's reality.

That said, the involvement of nasty Baltic liquidators is not something I have experienced before, so it could be much more clinical than that. Disclaimer 2.

[AinsterHibs]

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I never make predictions without covering my erse with disclaimers and major insurance policies

If I were a betting man (and I'm not, because I used to be crap at it.... so take that as a guide).....

HMFC will not disappear. They may do a Sevco and crawl back into Division 3, or they may slip down the leagues into relative obscurity, but the commercial attraction of Hearts is not something that Scottish football will give up easily. That will stick in a lot of throats, and it does mine, but it's reality.

That said, the involvement of nasty Baltic liquidators is not something I have experienced before, so it could be much more clinical than that.

The bit in bold is the interesting part of all of this, anyone know if they have had to do something akin to this to a football team in Lithuania?

[NW]

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I never make predictions without covering my erse with disclaimers and major insurance policies

If I were a betting man (and I'm not, because I used to be crap at it.... so take that as a guide).....Disclaimer 1.

HMFC will not disappear. They may do a Sevco and crawl back into Division 3, or they may slip down the leagues into relative obscurity, but the commercial attraction of Hearts is not something that Scottish football will give up easily. That will stick in a lot of throats, and it does mine, but it's reality.

That said, the involvement of nasty Baltic liquidators is not something I have experienced before, so it could be much more clinical than that. Disclaimer 2.

There is no real prediction here???

[CropleyWasGod]

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There is no real prediction here???

"HMFC will not disappear."

[Vini1875]

The outcome surely will be that someone like a Tom Farmer will offer the lithianians a lump sum for hearts and tynecastle and the liquidators will take it since no-one (property developer) is going to offer money purely for the stadium while another party offers money for the club.

If however club and stadium fall into different hands they may never recover as they would have to share with us or livi, costing them more money and then go into further massive debt to build a new stadium.

They need a fans/consortium buy out or a white knight - Tom Farmer type to save them. There will be someone with the money who did not want to deal with romanov but who knows that if he waits to the last second he would be able to get them for a song. In the long run buying Hibs cost Tom Farmer nothing and did his reputation and business no harm at all, plus it earned him a considerable amount of good will from one half of the city at least.

If I was a property developer I would not buy tynecastle as it would create a lot of bad blood for my business and would be tantamount to building on a grave.

[NW]

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The outcome surely will be that someone like a Tom Farmer will offer the lithianians a lump sum for hearts and tynecastle and the liquidators will take it since no-one (property developer) is going to offer money purely for the stadium while another party offers money for the club.

If however club and stadium fall into different hands they may never recover as they would have to share with us or livi, costing them more money and then go into further massive debt to build a new stadium.

They need a fans/consortium buy out or a white knight - Tom Farmer type to save them. There will be someone with the money who did not want to deal with romanov but who knows that if he waits to the last second he would be able to get them for a song. In the long run buying Hibs cost Tom Farmer nothing and did his reputation and business no harm at all, plus it earned him a considerable amount of good will from one half of the city at least.

If I was a property developer I would not buy tynecastle as it would create a lot of bad blood for my business and would be tantamount to building on a grave.

- What value does Tynecastle hold other than a stadium? What could you build there with permission? If anyone linked to Hearts could find £2.5 million I would offer it to the relevant people in Lith and get the stadium. What is the point of anyone calling in the £15 million loan. It will be never be paid / cannot be paid. The Liths may as well try and get anything they can and move on.

[Green Blood]

http://www.heartsfc.co.uk/articles/2...2241384_553846

Cala Homes offered to buy the land in 2004 ( see statement above)

In March 2013 this happened - House builder Cala Homes has been bought by private equity firm Patron Capital Partners and insurer Legal & General.

see statement below

http://www.constructionenquirer.com/...-in-210m-deal/


I am no expert, but I would suggest that they would see the acquisition of Tynecastle for re-development at say half of what they originally offered as a steal in 2004. The administrators Valnetas will be aware of this if not I am going to e/mail this to them.

I predict HMFC won't play at Tynecastle for very much longer, their days are numbered, they are, just believe!!

[CropleyWasGod]

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- What value does Tynecastle hold other than a stadium? What could you build there with permission? If anyone linked to Hearts could find £2.5 million I would offer it to the relevant people in Lith and get the stadium. What is the point of anyone calling in the £15 million loan. It will be never be paid / cannot be paid. The Liths may as well try and get anything they can and move on.

Flats, as Cala would have done in 2004.

[NW]

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Flats, as Cala would have done in 2004.

Has there not been a change in the permissions for that type of land due to the proximity of chemical etc? Maybe not but I thought it had changed. Be ******g good if it hasnt. This in my eyes is crucial

[bingo70]

Why would any successful businessman pay millions for tynecastle when its not fit for purpose and can't be renovated? They'd be better letting hearts fold, and then spend that money on a new stadium for the new company.

[CropleyWasGod]

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Has there not been a change in the permissions for that type of land due to the proximity of chemical etc? Maybe not but I thought it had changed. Be ******g good if it hasnt. This in my eyes is crucial

You might be right, I do remember a whiff () of that.

[Sanger]

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The outcome surely will be that someone like a Tom Farmer will offer the lithianians a lump sum for hearts and tynecastle and the liquidators will take it since no-one (property developer) is going to offer money purely for the stadium while another party offers money for the club.

If however club and stadium fall into different hands they may never recover as they would have to share with us or livi, costing them more money and then go into further massive debt to build a new stadium.

They need a fans/consortium buy out or a white knight - Tom Farmer type to save them. There will be someone with the money who did not want to deal with romanov but who knows that if he waits to the last second he would be able to get them for a song. In the long run buying Hibs cost Tom Farmer nothing and did his reputation and business no harm at all, plus it earned him a considerable amount of good will from one half of the city at least.

If I was a property developer I would not buy tynecastle as it would create a lot of bad blood for my business and would be tantamount to building on a grave.

I think a building company certainly a UK wide one indifferent to what some in Edinburgh would think. A property developer may buy and sit on as they did in the 70s.

Remember Lithuanian central bank has about £300 million hole to fill. Real debt of HMFC to Ukio Bankas likely to be in region of £40 million plus if take into account write-downs and debt for equity swaps. I remember it being quoted as £35 million at one point in official accounts.

Money required to buy Hears and stadium is circa £10 million. Nobody could do that outside administration/liquidation as they would have to take debts as well. And nobody or any consortium has anywhere that amount of money.

I think we will end up see Hearts going into administration and then liquation. HMRC who are outside UB debt will want some of their money back.


Ground will be sold and fans consortium could by the club at £1-2 million and re-appply to enter SFL and rent Meadowbank. That is their best scenario!

[NW]

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Why would any successful businessman pay millions for tynecastle when its not fit for purpose and can't be renovated? They'd be better letting hearts fold, and then spend that money on a new stadium for the new company.

How much would buying land and building new be? Where is land available near Gorgie?

Cost of stadium / land and redevlopment and keeping club in its local area. - Far cheaper.

[jonty]

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How much would buying land and building new be? Where is land available near Gorgie?

Cost of stadium / land and redevlopment and keeping club in its local area. - Far cheaper.

I'm sure the local high school could do with some playing pitches. You'd get a decent sized rugby, hockey and even tennis facilities there. The local residents would no longer have a hulking great big pink stadium blocking sunlight into their gardens.

Return the land to the people - it makes sense

[NW]

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You might be right, I do remember a whiff () of that.

So it is only value is really current use. TBH its a good investment opportunity for someone.

Offer say £2.5 m for Stadium, charge Hearts £0.5 m per year rent on a taken as seen basis. After 7 years its a profitable machine.

[NW]

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I'm sure the local high school could do with some playing pitches. You'd get a decent sized rugby, hockey and even tennis facilities there. The local residents would no longer have a hulking great big pink stadium blocking sunlight into their gardens.

Return the land to the people - it makes sense

So who buys its and pays for all this??

[DC_Hibs]

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[URL]
I am no expert, but I would suggest that they would see the acquisition of Tynecastle for re-development at say half of what they originally offered as a steal in 2004.[/B]

They should be so lucky. One third is more realistic.

Doesn't matter either way. Their debts far outweigh the value of their only asset so the Liths are taking a hit regardless.
I hope that makes them very angry....

[jonty]

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So who buys its and pays for all this??

Councils education budget

[DC_Hibs]

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So it is only value is really current use. TBH its a good investment opportunity for someone.

Offer say £2.5 m for Stadium, charge Hearts £0.5 m per year rent on a taken as seen basis. After 7 years its a profitable machine.

Are you not going to bother taking into consideration that its not fit for purpose, the main stand would soon have no safety certificate and the maintenance costs are extremely high???

[NW]

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Are you not going to bother taking into consideration that its not fit for purpose, the main stand would soon have no safety certificate and the maintenance costs are extremely high???

That would be the tenants responsibility. Owner would rent premises as seen, the upkeep etc Hearts problem. What alternative do they have?

[cocopops1875]

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How much would buying land and building new be? Where is land available near Gorgie?

Cost of stadium / land and redevlopment and keeping club in its local area. - Far cheaper.

Why does it need to be near Gorgie ?
And not true on the second point as out of town would be far cheaper

[NW]

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Councils education budget

Have they taken to cake baking too ha ha. I think a community garden would be better, a place for people to reflect