Share Transfers Agreed/Cooling off period

[robinp]

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They're just following the Man Utd business model on a smaller scale.

The Glaziers bought MU by taking out a loan against the club to finance the purchase price. The debt has been coming down and down by debt repayments.

Chelsea and City are a total different ballgame.

[Kato]

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Nicked from the dark side.

http://www.scribd.com/doc/140824200/...counts-2011-12

Sorry if this has already been posted this way up.

#AllisBarry

[Sanger]

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The Glaziers bought MU by taking out a loan against the club to finance the purchase price. The debt has been coming down and down by debt repayments.

Chelsea and City are a total different ballgame.

And Chelsea/Manu are only spending a small part of a fortune their owners actually have! Where as HMFC have run up debt that was a multiple of Vlad's fortune now helping to completely wiping it out as well as a creating a sizeable hole in Lithuania's finances. Quite an irresponsible achievement!

[robinp]

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And Chelsea/Manu are only spending a small part of a fortune their owners actually have! Where as HMFC have run up debt that was a multiple of Vlad's fortune now helping to completely wiping it out as well as a creating a sizeable hole in Lithuania's finances. Quite an irresponsible achievement!

Exactly, hearts are spending money neither they, nor their fraud of an owner, have.

[jonty]

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And Chelsea/Manu are only spending a small part of a fortune their owners actually have! Where as HMFC have run up debt that was a multiple of Vlad's fortune now helping to completely wiping it out as well as a creating a sizeable hole in Lithuania's finances. Quite an irresponsible achievement!

HoMoFC - creating 3rd world economies since 2005

[Seveno]

Big boost for their ST sales today.

[Mon Dieu4]

Shame if admin hits in the next week, they would officially be down now

[greenginger]

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Ever since the 'Fat Tory-Boy' Mercer took them over, season-in/season out, they have spent more than they earned. He then got shot o' them to the 'Pie-Man' - Chris Robinson (can't remember how much for) but under him, their debt had increased to, iirc, £20m and 'Auditors PricewaterhouseCoopers (PwC) described the club as being technically insolvent'. Romanov's time there has, realistically, resulted in them being over £40m in debt (if you take into account the 'debt for equity' scams Vlad carried out)

So basically, since 1981, they have been 'robbing Peter to pay Paul' and increasing their debt EVERY SEASON - all to do with their 'obsession to be a 'Big Team' and 'No.1 in Edinburgh' !!. That's just over 30 years, 3 decades, of them getting away with it - and that's the reason why I DON'T want them to vanish. I want Hibs to now set about restoring the balance, getting that derby-record to show in OUR favour, whilst at the same time, getting it right up them and reminding them exactly who the 'FOOTBALL TEAM' is in Edinburgh !!

Just looking at the Sunday Post piece 30 years ago this week.

" Hearts put Willie Pettigrew up for sale. Ironically the Tynecastle club had still not paid the balance of the £ 120,000 fee they had agreed with Dundee United 3 YEARS AGO "

Yams should be known as the Cheats of Midlothian. Has a ring to it .

[Sanger]

After today the next leg of my dream may come true next week....HMFC go into administration. Then only the last bit of the dream to go!

[Gus Fring]

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After today the next leg of my dream may come true next week....HMFC go into administration. Then only the last bit of the dream to go!

Oh you tease! Do you have info?

[KdyHby]

So skint they use a plastic bucket, no doubt stolen while cruising playgrounds. to put out flares.

[Seveno]

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So skint they use a plastic bucket, no doubt stolen while cruising playgrounds. to put out flares.

I thought that was hilarious. Especially with the handle falling off.

They must have sold off the metal one along with the memorabilia.

[Hibby70]

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I thought that was hilarious. Especially with the handle falling off.

They must have sold off the metal one along with the memorabilia.

Surely with all their WW1 experience they have better equipment for handling rockets?

[Kaiser1962]

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After today the next leg of my dream may come true next week....HMFC go into administration. Then only the last bit of the dream to go!

Wages day is often significant as to the timing of a company calling in administrators. They should be ok though.

[PatHead]

They are still deluded though.......from Kickback Posted Today, 18:02 Vlad, if Hearts had bought 2/3 players and kept all the cup winning team they could have won the league.
It was a massively wrong decision to break up the cup team.
The amount of money to be made was greater than the players wages.
I can't see how Vlad did not think it through.

[Seveno]

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They are still deluded though.......from Kickback Posted Today, 18:02 Vlad, if Hearts had bought 2/3 players and kept all the cup winning team they could have won the league.
It was a massively wrong decision to break up the cup team.
The amount of money to be made was greater than the players wages.
I can't see how Vlad did not think it through.

Shame that the English language does not have a word for excessive delusion. Yamland needs a language all of it's own.

[GreenCastle]

When does the 10 day appeal deadline for Ukio Bankas entering admin expire? Will we see any immediate action after this passes?

[Mikey]

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When does the 10 day appeal deadline for Ukio Bankas entering admin expire? Will we see any immediate action after this passes?

I think it's tomorrow, maybe Tuesday.

If UBIG is liquidated, or goes into administration, then Dundee will spring into action double pronto.

[GreenCastle]

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I think it's tomorrow, maybe Tuesday.

If UBIG is liquidated, or goes into administration, then Dundee will spring into action double pronto.

If it was May 2nd and it's 10 working days - that would make the 16th I think?

Would be magic if they got 18 point deduction as after today even if they win next week it's not enough to keep them up.

Can't see it happening that quickly though.

[Mikey]

The 16th is pay day.

Or not

[Sanger]

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I think it's tomorrow, maybe Tuesday.

If UBIG is liquidated, or goes into administration, then Dundee will spring into action double pronto.

UBiG will be UB major bad creditor. All the reports stated speculative loans to Romanov being source of UB problems. If you take £47 million lent to UBIG /hearts and add a further £8m Romanov wrote off of Hearts debt to the Panama company them take off £15m lent directly to hearts you have £40m lent to UBIG that was lent on to Hearts. Think they'll move quickly so that they turn claims on Heart's shares and Tynecastle into assets so that start discussions on sale of Hearts/Tynecastle.

[WhileTheChief..]

Have I got this right...

If they go into admin this week they are hit with an 18pt deduction meaning they need to win at Pittodrie and for us to at least draw with Dundee to stay up?

or wait till next week when the last game has been played and start next season on -15pts?

Seems pretty harsh on Dundee if they just hang on that extra week before pulling the plug.

[bingo70]

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Im pleased to tell you if admin hits they will be down, they have one game to play and are 13 points ahead of Dundee just now

TBH I've pretty much given up hope of it happening this season. Only a week left so It's far more likely to be next year IMO. I know nothing though so hopefully someone can reassure me there's still hope of it happening this week.

I've also got it in my head that if they go into admin in pre-season they'll lose around 15 points for next season and if they aren't out of admin by the start of next season there'll be a further 10 point penalty so they'd start next season on around -25 points, have i completely made that up, is that right or am i just getting confused?

[Hibby70]

I'm now wanting them to avoid relegation and to start next season with a skeleton squad and The urinemeister still in charge. Lose Tynecastle the week after we pump them there 8 nil to the Lithuanian equivalent of Aldis and for them to play out the rest of he season at Livingston, before finally FOH take over who spend their entire budget on sending mail merged documents to A Kidd and W Mercer.

[jgl07]

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Have I got this right...

If they go into admin this week they are hit with an 18pt deduction meaning they need to win at Pittodrie and for us to at least draw with Dundee to stay up?

Hearts are 13 points ahead of Dundee. An 18-point deduction would leave then 5 points adrift with 3 pointsto play with.

They will be down!

[Thecat23]

The girls in the hearts ticket office HAVEN'T been paid for last month. Spoke to her tonight and she's raging. If anyone else knows any of the girls who work there you can also confirm this. She is a die hard jambo as well. It's starting to hit home now how bad things are.

[Bostonhibby]

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TBH I've pretty much given up hope of it happening this season. Only a week left so It's far more likely to be next year IMO. I know nothing though so hopefully someone can reassure me there's still hope of it happening this week.

I've also got it in my head that if they go into admin in pre-season they'll lose around 15 points for next season and if they aren't out of admin by the start of next season there'll be a further 10 point penalty so they'd start next season on around -25 points, have i completely made that up, is that right or am i just getting confused?

Have had a few celebratory glasses but that sounds good to me as a starting point could you get it up to -35 points before my bedtime?

[bingo70]

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The girls in the hearts ticket office HAVEN'T been paid for last month. Spoke to her tonight and she's raging. If anyone else knows any of the girls who work there you can also confirm this. She is a die hard jambo as well. It's starting to hit home now how bad things are.

When were they due to get paid?

[FranckSuzy]

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I'm now wanting them to avoid relegation and to start next season with a skeleton squad and The urinemeister still in charge. Lose Tynecastle the week after we pump them there 8 nil to the Lithuanian equivalent of Aldis and for them to play out the rest of he season at Livingston, before finally FOH take over who spend their entire budget on sending mail merged documents to A Kidd and W Mercer.

[bingo70]

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Have had a few celebratory glasses but that sounds good to me as a starting point could you get it up to -35 points before my bedtime?

I wouldn't go getting a boner on what i'm saying, i'm probably wrong as nobody else seems to be mentioning it, was probably just a wet dream i had