Share Transfers Agreed/Cooling off period

**Gus Fring** · 16-05-2013 04:45 PM

Originally Posted by Mon Dieu4

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Few links here going from 2008 to pretty much present day straight from their own website

http://www.heartsfc.co.uk/articles/2...241384_1339523

http://www.heartsfc.co.uk/articles/2...241384_2959577

http://www.heartsfc.co.uk/articles/2...241384_2358272

http://www.heartsfc.co.uk/staticFile...~178521,00.pdf

"Heart of Midlothian Football Club (Hearts) has reported a return to profitability thanks to savings in staff costs and further investment from parent company Ukio Banko Investicine Grupe (UBIG) and related parties."

I get theres some wriggle room but it didn't work for Southampton or Coventry, admittedly different leagues and only similar circumstances but the argument is the same.

Also, If the players haven't been paid either then thats got to make the SPL even more suspicious?

***givescotlandfreedom*** · 16-05-2013 04:47 PM

Originally Posted by Mon Dieu4

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Few links here going from 2008 to pretty much present day straight from their own website

http://www.heartsfc.co.uk/articles/2...241384_1339523

http://www.heartsfc.co.uk/articles/2...241384_2959577

http://www.heartsfc.co.uk/articles/2...241384_2358272

http://www.heartsfc.co.uk/staticFile...~178521,00.pdf

Any smart cookies able to save those pages in case they get taken down?

***Sean1875*** · 16-05-2013 04:47 PM

What a complete joke of a club

***Viva_Palmeiras*** · 16-05-2013 04:47 PM

Would it be wise to wander round Gorgie with my Ché Petrie tshirt on?

**~~hibs0666~~** · 16-05-2013 04:49 PM

Hearts directors talk about today's events...

Heart of Midlothian FC today made the following statement in relation to parent company UBIG.

"Heart of Midlothian Football Club can today acknowledge it is aware of a report circulating in Lithuania relating to its parent company UAB Ukio Banko Investicine Grupe (UBIG).

"The club is seeking clarification regarding UBIG's current situation and as such, it would be inappropriate to comment further at this stage."

***Mikey*** · 16-05-2013 04:49 PM

Heart of Midlothian FC today made the following statement in relation to parent company UBIG.

"Heart of Midlothian Football Club can today acknowledge it is aware of a report circulating in Lithuania relating to its parent company UAB Ukio Banko Investicine Grupe (UBIG).

"The club is seeking clarification regarding UBIG's current situation and as such, it would be inappropriate to comment further at this stage."

http://www.heartsfc.co.uk/articles/2...241384_3181337

***ac1*** · 16-05-2013 04:49 PM

Originally Posted by HUTCHYHIBBY

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Might pop into Brauhaus for a pint when they go pop, hopefully Skacel will be pouring the pints.

Getting it up that asshole is one of the things I am looking forward to most when they go down the pan

Wonder if he will be giving it the 'loser' sign when his beloved club are flushed down the toilet?

***Oscar T Grouch*** · 16-05-2013 04:50 PM

While this thread is fun, check out brokeback

it has to be the best thread anywhere ever

I am going out for a pint tonight and I'm going with a Hibs top on, to yam bait, it's gonna be a fun night oot

***DaveF*** · 16-05-2013 04:50 PM

Originally Posted by hibs0666

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Hearts directors talk about today's events...

Heart of Midlothian FC today made the following statement in relation to parent company UBIG.

"Heart of Midlothian Football Club can today acknowledge it is aware of a report circulating in Lithuania relating to its parent company UAB Ukio Banko Investicine Grupe (UBIG).

"The club is seeking clarification regarding UBIG's current situation and as such, it would be inappropriate to comment further at this stage."

Seeking clarification? Surely Fedotovas keeps them up to date with everything

**kdhibees1** · 16-05-2013 04:51 PM

An honest statement for a change!
http://www.heartsfc.co.uk/articles/2...241384_3181337

All the crap they have been making up in the past now seems clear.......time to majorly panic!!

**Part/Time Supporter** · 16-05-2013 04:52 PM

Originally Posted by JeMeSouviens

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There are 2 definitions that matter in the SPL rules:

- "Owner and operator of a club". This is a new phrase dreamed up during the NewHun saga to try and pretend that a separate club entity existed that could live on when the company died. So, on planet reality this actually means the club itself, ie. Heart of Midlothian plc. If they have an insolvency event then the deduction is automatic.

- "Group undertaking". I posted the definition of this above and UBIG definitely falls into this category. In this case the deduction isn't automatic but would be decided by the SPL board with regard to:

(i) the need to protect the integrity and continuity of the League;
(ii) the reputation of the League; and
(iii) the relationship between such owner and operator and the Group Undertaking concerned

Can't see how Dundee's lawyers could possibly lose?

**~~Saorsa~~** · 16-05-2013 04:52 PM

Originally Posted by givescotlandfreedom

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Any smart cookies able to save those pages in case they get taken down?

saved

**littleplum** · 16-05-2013 04:53 PM

Grant Russell ‏@STVGrant 43s STV understands the SPL has asked its lawyers for advice on its own insolvency rules over Hearts/UBIG situation

***Www1875hfc*** · 16-05-2013 04:55 PM

Can we now arrange a wreath from

Dan,any chance o the tombstone updated to 2013 please \0/

**down-the-slope** · 16-05-2013 04:56 PM

Originally Posted by hibs0666

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Hearts directors talk about today's events...

Heart of Midlothian FC today made the following statement in relation to parent company UBIG.

"Heart of Midlothian Football Club can today acknowledge it is aware of a report circulating in Lithuania relating to its parent company UAB Ukio Banko Investicine Grupe (UBIG).

"The club is seeking clarification regarding UBIG's current situation and as such, it would be inappropriate to comment further at this stage."

Maybe I should just email them copy of

listing I posted on here....more than a report Pink People

**Andy74** · 16-05-2013 04:57 PM

Originally Posted by littleplum

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Grant Russell ‏@STVGrant 43s STV understands the SPL has asked its lawyers for advice on its own insolvency rules over Hearts/UBIG situation

Should have been done months ago!

**Westie1875** · 16-05-2013 04:57 PM

Originally Posted by littleplum

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Grant Russell ‏@STVGrant 43s STV understands the SPL has asked its lawyers for advice on its own insolvency rules over Hearts/UBIG situation

**EuanH78** · 16-05-2013 04:58 PM

To be honest the SPL would be insane not to give Hearts the points deduction now. They are obviously going to go breasts skywards in the summer anyway.

**down-the-slope** · 16-05-2013 04:58 PM

Originally Posted by littleplum

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Grant Russell ‏@STVGrant 43s STV understands the SPL has asked its lawyers for advice on its own insolvency rules over Hearts/UBIG situation

STV

News is crap...but get it on...Hearts / UBIG in the headlines...

***givescotlandfreedom*** · 16-05-2013 04:58 PM

Originally Posted by Desperate Dan

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saved

***Mikey*** · 16-05-2013 04:59 PM

Quality post from over the road........

So we could be relegated through no fault of our own?

Originally Posted by littleplum

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Grant Russell ‏@STVGrant 43s STV understands the SPL has asked its lawyers for advice on its own insolvency rules over Hearts/UBIG situation

The wheels are in motion..................

***neilmartinrocks*** · 16-05-2013 05:01 PM

Originally Posted by Mikey

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Quality post from over the road........

**Onceinawhile** · 16-05-2013 05:02 PM

So fedotovas (the man in charge of hearts) has confirmed It's true.. but hearts are trying to find out what the answer is...

***CraigHibee*** · 16-05-2013 05:02 PM

hearts claim the cup final result last may finished hibs...

how good does it feel to know that WE effectively finished them by beating them on sunday? (pending points deduction)

**Lee Marvin** · 16-05-2013 05:03 PM

Originally Posted by Mikey

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Quality post from over the road........

Aaaaaaaaaaaaaahahahahaha. Magnificent

**JeMeSouviens** · 16-05-2013 05:04 PM

Originally Posted by Westie1875

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To be fair, the rules weren't written with regard to procedures in Lithuania. Mind you, they're less than a year old, arguably they ought to have been.

**littleplum** · 16-05-2013 05:05 PM

Grant Russell ‏@STVGrant 4m Many asking if delay would offset any points deduction until next season. The insolvency event of UBIG arguably has occurred. So no.