Share Transfers Agreed/Cooling off period

[God Petrie]

Obama has been called away from a crucial meeting regarding Guantanamo Bay to discuss Hearts' financial plight and the political ramifications with his chiefs of staff.

[Eyrie]

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Obama has been called away from a crucial meeting regarding Guantanamo Bay to discuss Hearts' financial plight and the political ramifications with his chiefs of staff.

The two are linked - Obama knows that Guantanamo Bay has to be closed, so he's looking for an alternative location. However the classified CIA report has already ruled out the PBS on humanitarian grounds.

[green day]

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The two are linked - Obama knows that Guantanamo Bay has to be closed, so he's looking for an alternative location. However the classified CIA report has already ruled out the PBS on humanitarian grounds.

Talking of politicians, the Ian Murray MP story in the EEN is hilarious. Barry Anderson reckons that the administrators might accept £2Million to buy the debt - thereby leaving the fans owning an entirely debt free club.

£2M? Aye right - it sounds a great wheeze, and one which I am sure will be accepted with ease by these Lithuanian dummies, none of whom will have as many financial qualifications as our Barry of course.

None of us knows what will happen - but I really cant see any professional administrator letting it all go for buttons - and even if they do, the ongoing HMRC / stadium bills should ensure that they cant really outspend us for the foreseeable.

happy days indeed

[Phil D. Rolls]

Just wondering. Have the Huns tried to use this as evidence that Scottish Football faced armageddon without them yet?

[Moon unit]

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Talking of politicians, the Ian Murray MP story in the EEN is hilarious. Barry Anderson reckons that the administrators might accept £2Million to buy the debt - thereby leaving the fans owning an entirely debt free club.

£2M? Aye right - it sounds a great wheeze, and one which I am sure will be accepted with ease by these Lithuanian dummies, none of whom will have as many financial qualifications as our Barry of course.

None of us knows what will happen - but I really cant see any professional administrator letting it all go for buttons - and even if they do, the ongoing HMRC / stadium bills should ensure that they cant really outspend us for the foreseeable.

happy days indeed

Should Mr Ian Murray M.P be getting on with M Peeie' business rather that fannying about hopelessly trying to save the Yams ???...

[Springbank]

As a bit of a yes Scotland man, I do look at the remarkable amount of time this Scottish Westminster mp has to basically play at being the next BBC Apprentice over in eh11.

Not exactly overworked, are they?

[Caversham Green]

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Talking of politicians, the Ian Murray MP story in the EEN is hilarious. Barry Anderson reckons that the administrators might accept £2Million to buy the debt - thereby leaving the fans owning an entirely debt free club.

£2M? Aye right - it sounds a great wheeze, and one which I am sure will be accepted with ease by these Lithuanian dummies, none of whom will have as many financial qualifications as our Barry of course.

None of us knows what will happen - but I really cant see any professional administrator letting it all go for buttons - and even if they do, the ongoing HMRC / stadium bills should ensure that they cant really outspend us for the foreseeable.

happy days indeed

For as long a HoMFC stay out of administration they are declaring themselves to be a going concern - i.e. able to meet their debts as they fall due. While The Ukio liquidator might offer a discount for early settlement he would be failing in his basic duties if he accepted £2m for a £15m debt from a going concern. They would have to enter administration and admit insolvency for him to accept a significantly lower offer.

Incidentally, this debt was not in place when the share offer document was published, so how have they managed to rack up £15m worth of debt since last October if they're really self-sufficient?

[HUTCHYHIBBY]

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The two are linked - Obama knows that Guantanamo Bay has to be closed, so he's looking for an alternative location. However the classified CIA report has already ruled out the PBS on humanitarian grounds.

Its amazing to see how many votes UKIP received during the local elections down south, surely Nigel Farage must have pledged that his party would do all they could to save Hearts from financial armageddon by sending those pesky Lithuanians home which resulted in multitudes of the 400,000 turning out down south to support his party.

[The Falcon]

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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.

On the contrary, it has cost STF a fair few quid to maintain his involvement with Hibs. The significant difference between him and the likes of David Murray or Vladimir Romanov is that the money he has spent, albeit reluctantly, has actually been his in the first place.

[jdships]

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On the contrary, it has cost STF a fair few quid to maintain his involvement with Hibs. The significant difference between him and the likes of David Murray or Vladimir Romanov is that the money he has spent, albeit reluctantly, has actually been his in the first place.

Absolutely correct !!
STF put up his own money to initially secure Hibs future .
Companies were then formed to take the club forward on a business like basis.
I doubt if we will ever know how much of his own money STF put into HFC

[Bostonhibby]

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As a bit of a yes Scotland man, I do look at the remarkable amount of time this Scottish Westminster mp has to basically play at being the next BBC Apprentice over in eh11.

Not exactly overworked, are they?

B list politician finds something to do which might, just might raise his profile a bit with some of the thickoes he is meant to represent so long as he can keep the issue and himself in the limelight.

Much easier than quietly and effectively serving the interests of everyone you have been elected to represent. Anyone know where he stands on the trams and what he's been saying and doing about it? much more relevant to and potentially expensive than what is at best a minority issue flowing from an overseas based company with a cocked up subsidiary.............

You get what you vote for.

[Treadstone]

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Talking of politicians, the Ian Murray MP story in the EEN is hilarious. Barry Anderson reckons that the administrators might accept £2Million to buy the debt - thereby leaving the fans owning an entirely debt free club.

£2M? Aye right - it sounds a great wheeze, and one which I am sure will be accepted with ease by these Lithuanian dummies, none of whom will have as many financial qualifications as our Barry of course.

None of us knows what will happen - but I really cant see any professional administrator letting it all go for buttons - and even if they do, the ongoing HMRC / stadium bills should ensure that they cant really outspend us for the foreseeable.

happy days indeed

Opinion pieces by Barry and Mark Donaldson have been concocted in fantasy land with no basis in reality. All solutions seem to have them shedding their debt with little impact because of political ramifications (aye right!). How editors let these views be exposed is mind boggling. Standards have dropped alarmingly.

[Kato]

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How editors let these views be exposed is mind boggling. Standards have dropped alarmingly.

This is how that works.....

#allisbarry #wecanworkitout #nothingtoseehere

That line is being taken as a sop to local creditors. The last they want is someone in Edinburgh taking a lead to claim monies due in court and fogging up their cash flow. Send out a line to them that #allisbarry otherwise there will a rush amongst the "little people" to claim what is due them, panic headlines would see it happen. Look at the list of small creditors conned by Rangers (r.i.p.) whilst they were putting out a line that #allisbarry. Hearts' will be smaller but similar.

A K Ray, Ross Hall Hospital, Glasgow "£"£150
ADI UK, Preston "£7620
AS St Etienne, France "£252,212.39
ASL, East Sussex "£2514
Acies Group, Edinburgh "£2340
Adrian Coll, Balloch "£1600
Alan Duncan, Glasgow "£1400
Alexander West Property, Glasgow "£2807
Alison Walker TV, Bearsden "£600
Alliance Video, Surrey "£204
Aon Limited, London "£14,151
Arena Imaging, Derby "£336
Argyll and Bute Council "£406.80
Arsenal Football Club "£136,560
Astra Hygiene Supplies, Dumbarton "£61.27
Audi Stirling "£396.05
Azure Support Services, Macclesfield "£523,949.71
Azzurri Scotland, Burnley "£34.63
BTWShiells, Belfast "£2917.39
Barr Environmental Limited, Cummnock "£264
Base Soccer Agency, London "£52,560
Bauer Radio Ltd (Radio Clyde) "£702
Beyard Services, Beith "£5559.60
Bhutta’s Newsagents, Glasgow "£567.45
Big Think Agency, Glasgow "£14,265.60
Blooms UK Limited, Glasgow "£70
Brabners, Manchester "£12,999
Brentwood Estates, Manchester "£42,963.06
Brian Proudfoot, Glasgow "£2,802
British Gas "£1,562.42
BT "£1,292.13
Business Cost Consultants, Glasgow "£6,240.60
Business Stream, Edinburgh "£9,727.22
CNP Professional, Cheshire "£719.96
CRE8, Gloucester "£68,406.70
Cairn Financial, London "£4,127.60
Cairns & Scott Caterhire, Glasgow "£762
Cameron Presentations, Glasgow "£8,795.99
Campbell Medical Supplies, Paisley "£3,386.73
Camtec, Herts "£552
Canniesburn Taxis, Bearsden "£269.69
Capital Solutions, Edinburgh "£11,423.40
Capito Ltd, Livingston "£1,049.69
Carberry’s Coaches, Portadown Co Armagh "£1,200
Carnival Chaos Production, Edinburgh "£672
Carol Govan, Glasgow "£600
Cask Productions, Glasgow "£1,980
Cask Sports, Glasgow "£2,919.60
Catercare Scotland, Stewarton "£420
Charlton Chauffeur Drive, Glasgow "£792
Chelsea FC "£238,345.43
Childcare Vouchers, London "£1,143.74
Chilli It, Chester "£416.52
Chris Clarke, Kilmarnock "£150
Christine Siebelt, Milngavie "£1,100
Citrus Office Solutions, Lancashire "£4,304.24
City Electrical Factors, Glasgow "£215.40
Clyde Productions, Glasgow "£180
Coca Cola "£10,133.91
Colin Suggett, Sunderland "£741.80
Collstream Limited, Derby "£5,779.37
Collyer Bristow, London "£40,691.22
Colours Agency Glasgow "£1,980
Computer Links, Livingston "£2,146.32
Computershare Investor Service, Bristol, "£23,855.03
Craig Services & Access East Sussex "£900
Culture & Sport Glasgow "£10,338.96
Daily Record & Sunday Mail "£312
DealBureau Commercial Finance, Southend "£10,000
Decco Limited, Glasgow "£174.72
Dell Computer Corporation, Berkshire "£272.85
Direct Medical Imaging, Lancashire "£230
Disclosure Scotland "£372
Dominique S Byrne, Nuffield Hospital, Glasgow "£160
Dr David A S Marshall, Bridge of Weir "£160
Dundas & Wilson, Edinburgh "£24,027.84
E.ON "£8,827.14
Eagle Consulting, Inverness "£40
Eagle Couriers, Bathgate "£96.60
Eden Springs, Blantyre "£644.64
Edinburgh Audi "£5,197.08
Electrical Was te Recycling, County
Durham "£18
Enterprise Rent-a-Car, Stirling "£9,000
Events Audio Visual, Clydebank "£300
Exchequer Corporate Finance , Surrey "£4,000
Executive Hire, Harlow "£1,060
FES FM, Stirling "£80,874.93
FL Memo, London "£116.86
FX Signs, Glasgow "£15,546.56
G Media Mangement, Cheltenham "£995
G4S, Surrey "£295,036.24
GTG Training, Glasgow "£396
Gareth Neil Design, Glasgow "£3,200
Gerry McGeoch, Glasgow "£150
Glasgow Audi "£1,041.62
Glasgow City Council "£5,000
Glasgow City Council (Council Tax) "£2,008.21
Glasgow Leading Attractions (The Willow Tea Rooms) "£1,525
Glasgow Taxis "£TBC
Glencairn Crystal Studio, East Kilbide "£354
Gordon McKay, Blackridge "£150
HOBS Reprographics, Glasgow "£270.15
HSS Hire Service "£67.10
Hamilton Brothers, Bishopton "£115.56
Hay McKerron Associates, Milngavie "£3,600
Hepscott Water Systems, Morpeth "£1,190.28
Hrvoje Bojanic Beethoveova, Zagreb, Croatia "£2,898.42
Hutchesons Eductational Trust, Glasgow "£550
ILC Media, Preston "£2,040
IMG Media, Chiswick "£180
Impact Signs, Cumbernauld "£9,482.79
Integrated Cleaning Management, Hampshire "£3,329.19
Iris Chorus Application Software, Devon "£5,973.60
Iris Ticketing, Devon "£37,210.42
Iron Mountain, Livingston "£1,271.16
JCM Business Consulting, Paisley "£2,745
JJB Sports "£19,390.59
James Gordon (Engineers), Galston "£1,437.68
Jewson, Glasgow "£930.60
Joe Lennon Picture Framing, Bearsden "£840
John Deere, Gloucester "£41,191.59
K7X, Ayr, "£240
Kalamazoo Secure Solutions, Birmingham "£4,017
Keith Hawley, Glasgow "£2,600
Kevin Cameron Radio Service, Paisley "£600
Kube Networks, Glasgow "£7,672.08
L & S Litho, Glasgow "£17,035.04
Lothian Power Clean, Larkhall "£194.34
LSK Supplies, Glasgow "£178.58
Lawrie Furnishings, Paisley "£607.20
Limelight Networks , Arizona "£2,333.49
Link Seating Limited, Worcestershire "£606.98
Loomis UK, Nottingham "£2,248.08
Louis Grace Electrical, Glasgow "£1,087.84
Lyco Direct Limited , Milton Keynes "£2,381.27
MSM Solicitors, Paisley "£420
MacGregor Industrial Supplies, Inverness "£106.76
Mackinnon Partners, Gourock "£200
Manchester City FC "£328,248.71
Manea Florin Bucharest "£37,500
Mar Hall, Bishopton "£5,511.90
Marsh Ltd UK, Norwich "£779.10
Martin Dawes, Warrington "£654.74
Media House, Glasgow "£19,200
MediaCom, Edinburgh "£11,544.42
Menzies Hotels, Derbyshire "£257.40
Michael Douglas, Glasgow "£100
Milngavie Mini Market "£413.29
Modular Property Holdings, Glasgow "£20,930.22
Motif Promotional Clothing, Glasgow "£27.29
Murray Group Holdings, Edinburgh "£278,964.30
Nairn Brown (Glasgow) "£1,492.50
National Car Rental, Leicester "£162.52
Navyblue Design Group, Edinburgh "£6,960
Newline Products, Glasgow "£7,001
Newsquest (Herald & Times "£1,500
Nexo S.A., France "£1,799.37
Nicola Young, Glasgow "£3,500
Noble Grossart, Edinburgh "£18,612
Nordic Scouting, Oslo "£20,000
North Glasgow College "£11,041.80
OHSS, Edinburgh "£234
OfficeFurnitureOnline.co.uk, Dumfires "£338.40
Ooyala, California "£733.92
Opal Telecom "£169.72
Orebro SK "£150,000
Oxford Hotels & Inns (Carnoustie) "£3,709.96
PR Newswire Europe "£300
PTS - Plumbing Trade Supplies, Leicester "£30.42
Paramed, Howwood "£1,050
Parklands Country Club, Glasgow "£500
Parks of Hamilton "£7,256
Paton Plant, York "£1,450.16
Perform Group, Middlesex "£346,097.43
Pineapple Aroundshot, Co Durham "£2,316.96
Pineapple Photographic, Co Durham "£5,875
Ping Network Solutions, Glasgow "£4,020.25
Plum Films, Edinburgh "£3,000
Posh Deli, Glasgow "£260
Postage by Phone, Essex "£510.80
Premier Cash Registers, Glasgow "£12,600
Prime Commercial Properties
Management, London "£10,805.53
Professional Pre-Season Tours (Libero), Glasgow "£60,000
Quick Shift Tyre Service, Glasgow "£48
R.F.Brown, Hamilton "£1,681.44
RBS WorldPay, Cambridge "£180.66
RS Components Limited, Northants "£204.95
Rangers Lotteries Ltd, Glasgow "£105.80
Reed Business Information, Surrey "£2,764.80
Renfrewshire Council HQ "£108
Restore Scotland, Paisley "£579.74
Rigby Taylor Limited, Bolton "£10,762.16
Rodgers Sercurity Systems, Glasgow "£342.50
Ross Hall Hospital, Glasgow "£770.50
Ross Promotional, Glasgow "£1,022.88
Royal Mail "£3,262.54
SDL Group, Glasgow "£1,350
SG World, Cheshire "£577.56
SIR Teknologi, West Sussex "£TBC
SK Rapid, Austria "£1,011,763.44
STRI, West Yorkshire "£17.28
Saffery Champness, Glasgow "£31,028.01
Scot-West Business Forms, Glasgow "£749.60
Scotprint, Haddington "£7,514
Scotrae Productions, Greenock "£17,058.94
Scottish Ambulance Service "£8,438.40
Scottish Hydro Electric "£62,527.30
Scottish Power "£302.44
Search Promotional Merchandise, Buckinghamshire "£6,240
Shanks Waste Management, Southampton "£122.58
Sharon Agnew, Glasgow "£460
Shawfield Timber, Glasgow, "£786.24
Shell UK "£7,637.94
Shields Land Rover, Glasgow "£246.75
Shred-it Glasgow "£444
Sign Plus, Dunfermline "£2,473.22
Signature Industries, London "£1,507.90
Simplewaste Solutions, Clydebank "£17,626.26
Sinclair Pharmacy, Glasgow "£1,909.79
Slater Menswear , Glasgow "£688.31
Solutions.tv, Glasgow "£2,652
Sound Acoustic Productions, Glasgow "£12,000
Souters Irrigation Services, Cumbernauld "£456
Spike Multiedia, Giffnock "£5,312.50
Sporting iD, Tyne and Wear "£144.70
Sportopps.com, Belfast "£150
Sports Alliance, Bury "£2,006.65
Sports Revolution, London "£5,034.52
Stellar Football, London "£72,000
Stirling Fire Protection "£1,149.30
Stockline Plastics, Glasgow "£258
Strathclyde Police "£51,882
Striking Imagery, Cumbernauld "£113.51
Stuart MacMorran, Clydebank "£422.50
Summit Asset Management, Surrey "£70,555.88
Susan Thomson Your Sonsie Face, Glasgow "£40
TNT "£1,255.39
Tabs FM, London, "£1,980
Tellcomm Limited, West Midlands "£6,435.89
The Arco Group, Hull "£443.43
The Brite Bulb, Bishopbriggs "£3,209.64
The Burnbrae, Bearsden "£1,403.88
The Business & Property Bureau, Bearsden "£7,376
The Business Incentives Group, Glasgow "£1,893.60
The City of Edinburgh Council "£908.672...

stopped there cos it's to big to post

[proud_and_green]

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[/B][/I]

Far better watching them getting battered to death rather than one knockout killer blow!!

exactly, a boxing match with a knock out punch in the first round is a real disappointment. Let this go the full distance and it be decided on points after a vicious and bloody battle leaving them alive but unfit to do much more than just mumble on about how they used to be a contender!

[Saorsa]

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exactly, a boxing match with a knock out punch in the first round is a real disappointment. Let this go the full distance and it be decided on points after a vicious and bloody battle leaving them alive but unfit to do much more than just mumble on about how they used to be a contender!

Sorry, cannae agree, a killer blow now is what's required so the dinnae have any time tae find a way out of it just in case there may be one. I doubt there is one but I dinnae want them tae have the chance tae find it if there is.

[MSK]

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Ju

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C m

Go on ...just say it ..

[greenginger]

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Sorry, cannae agree, a killer blow now is what's required so the dinnae have any time tae find a way out of it just in case there may be one. I doubt there is one but I dinnae want them tae have the chance tae find it if there is.

A way out for the Yams ?

If, as was reported by the BBC, the Yams have paid the first £ 500,000 of the £ 1.5 million due to HMRC for their player loan scam, and they are up to date with other Tax, Vat, and NI bills. Do they think they might have a chance of Hector going long with a CVA proposal once Hearts are in administration.

Our Council won't vote against it, thats a certainty !

[The_Sauz]

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exactly, a boxing match with a knock out punch in the first round is a real disappointment. Let this go the full distance and it be decided on points after a vicious and bloody battle leaving them alive but unfit to do much more than just mumble on about how they used to be a contender!

Sorry, but I vote with oor Margo......................euthanasia

[Hibernia Na Eir]

find it utterly incredible that Dylan the monkey can afford to extend his contract given their imminent demise. WTF is he thinking? Fool.

[Billy Whizz]

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find it utterly incredible that Dylan the monkey can afford to extend his contract given their imminent demise. WTF is he thinking? Fool.

He didn't, Hearts triggered an extension due to his terms and conditions on his current deal. They need to sign low cost players like him, as no sensible player will sign for them

[Danderhall Hibs]

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find it utterly incredible that Dylan the monkey can afford to extend his contract given their imminent demise. WTF is he thinking? Fool.

Depending on the options he had he's nothing to lose.

[One Day Soon]

They are Adam Ant that they won't be going into administration.

Can any of our more tax/revenue/spend/compliance savvy contributors enlighten us as to how much working capital they need to have available and what for in order to be able to juggle things?

If the group in the wings were collectively sitting on a sum between £5 and £6 million how would that affect their options?

[Gus Fring]

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They are Adam Ant that they won't be going into administration.

Can any of our more tax/revenue/spend/compliance savvy contributors enlighten us as to how much working capital they need to have available and what for in order to be able to juggle things?

If the group in the wings were collectively sitting on a sum between £5 and £6 million how would that affect their options?

It wouldn't as UBIG's assets are still frozen so the shares can't be transferred to anyone. Hearts are forced to continue with the #StatusQuo at the moment. I've mentioned earlier in the thread, whilst it's highly likely Hearts will go pop, it's even more likely UBIG will go pop sooner.

[Keith_M]

Well, I'm with Murray the MP, AllIsBarry and Rolland (the scotsman commenter) Rat on this one. Serious political pressure WILL be brought to bear to ensure the survival of Hearts.

What you lot don't seem to appreciate is that the security of Europe, nay the World, depends on a stong Hearts. Over here in Germany, they are secretly re-arming, in the knowledge that the only organisation that stopped them winning the LAST two world wars may soon be defunct.

They know, as I'm sure everyone else does, that without hearts to save us once again, the Germans WILL be victorious this time.


You have been warned!!!

[mayo hibee]

I see Hearts reporting of their financial results has been hidden away on their website on a Saturday morning with so much spin that I'm dizzy.

Debts of around £25 million (a year ago) being embraced by the masses as 'great news' on their twitter feed...

[Part/Time Supporter]

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I see Hearts reporting of their financial results has been hidden away on their website on a Saturday morning with so much spin that I'm dizzy.

https://twitter.com/pieandbov/status/330627499144933376

Hearts report "improved" financial results for 2011-2012, losing £1.65m in the period and with net debt position standing at £24.7m

Lost £1.65M in a year with a cup win, a European tie against Spurs and selling Lee Wallace for £1.5M.

[Aldo]

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Sorry, cannae agree, a killer blow now is what's required so the dinnae have any time tae find a way out of it just in case there may be one. I doubt there is one but I dinnae want them tae have the chance tae find it if there is.

This

[degenerated]

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I see Hearts reporting of their financial results has been hidden away on their website on a Saturday morning with so much spin that I'm dizzy.

Debts of around £25 million (a year ago) being embraced by the masses as 'great news' on their twitter feed...

Aye right, I'll eat a hat if that's all their hawk for. Their financial reports are about as believable as their attendance figures.

[grunt]

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I see Hearts reporting of their financial results ...

Wonder what the audit report says...

[Ray_]

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Aye right, I'll eat a hat if that's all their hawk for. Their financial reports are about as believable as their attendance figures.

http://www.heartsfc.co.uk/articles/2...241384_3166005

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https://twitter.com/pieandbov/status/330627499144933376



Lost £1.65M in a year with a cup win, a European tie against Spurs and selling Lee Wallace for £1.5M.

Reporting 1.96 m transfer gain.

To be fair, on the plus side for them, a lot of the high earners will be out of contract and be gone from the next accounts, should they still exist.