Share Transfers Agreed/Cooling off period

[JeMeSouviens]

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Their average attendance was down slightly on last season, whilst our was up by around 500, this despite no game against Oldco.

Despite getting a crowd boost by declaring some games could be their "last ever".

[EdinMike]

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Despite getting a crowd boost by declaring some games could be their "last ever".

And the free tickets they gave away...

Anyway, another one bites the dust..

http://www.heartsfc.co.uk/articles/2...241384_3186420

Guess which game gets a mention too !

[YehButNoBut]

Just been looking through some of the comments from Hearts fans on the Scotsman (something I don't do often as it's full of complete loonies) anyway the general opinion of Hearts fans is that there is some White Knight about to rescue them by buying the club before some 30 day rule which means no penalty points next season and because of this they will start next season debt free and without any points deduction.

Are they really that deluded are just living in the land of make believe.

Some of their comments below

The Source - For the hard of thinking that read these posts, let me explain a few things. Hearts will be bought by a group, not an individual. Hearts will be sold for c£5m, possibly up to as much as £7m, but no more than that. The purchase will take place within the 30 day period UBIG have to withdraw their insolvency application. (meaning no penalty points for Hearts). UBIG will liquidate after that time. Assuming the price is £5m (for easy maths), it means the creditors of Ubig will secure 20p in the £ for the debt currently being carried by UBIG/Ukio Bankas.

Under normal administration/liquidation, the figure would be around 5 to 10p in the £. This represents an excellent opportunity for UBIG's creditors to salvage some return on their debt. These discussions are already at an advanced stage, and, will be concluded within the next fortnight/three weeks. Hearts will then be debt free, and start next season in the SPL in the strongest position they have been in for over 30 years. There may be some negotiating over the terms of the sale of Tynecastle, but, worst case scenario is a lease/buy back arrangement spread over an extended period of time.

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Milky Bar Kid - UKIO Bankas is bankrupt. UBIG is insolvent and its assets are frozen.

A formal offer for the Romanov-controlled 94% shares has been made to the Lithuanian administrators, Valnetas UAB. (including Julija Goncaruk's 15%)

Hearts FC will have new owners as soon as the legals have been formalised and a due diligence inspection of the management accounts has been carried out.

Hearts FC will continue to trade as a going concern, with NO debt.

Hearts FC will rent Tynecastle Stadium for at least the next three seasons until a new 25,000 capacity stadium is built in the west of the city.

Hearts will NOT enter into administration and will meet its HMRC debt in full. Hearts were respected citizens for 132 years before Romanov arrived.

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Look to the North, the Norwegians are coming over the hill.

They will take over the club, minus the debt which will be gone along with UBIG, they will purchase Tynie from UKIO and the Liths will out.

Simples, Hearts will start the season in the SPL, debt free and without any point deduction

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[Steve20]

I'm not sure about the new stadium as that won't happen. But Hearts will have new owners soon, be in the SPL with no points deduction.

Liquidation or administration is just people on here wishful thinking.

[CropleyWasGod]

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I'm not sure about the new stadium as that won't happen. But Hearts will have new owners soon, be in the SPL with no points deduction.

Liquidation or administration is just people on here wishful thinking.

Okay, I'll bite....

How so?

[Gus Fring]

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Just been looking through some of the comments from Hearts fans on the Scotsman

That is fantastic, absolutely fantastic!

They've made up a complete fantasy scenario and because some of it doesn't make sense they've made up fictional rules to plug the holes in their story. I honestly LOL'ed reading that.

Barry Anderson will have it written up and on the front page of tomorrows paper no doubt.

Oh ma sides, ye'll need to excuse me, I'm away to change ma kecks.

[Leithenhibby]

Sounds too good to be true..............

Which means it probably is.

[7062]

Are the ideas that they would be bought for £5-7m nonsense due to the shares currently being frozen?

Would Lith admins get much more than that if they broke the club up and sold it all off?

[Part/Time Supporter]

I do like how the second fantasy contradicts itself.

UBIG's assets are frozen. Hearts will be sold within this 30 day period (now 25 days) from the filing with the Lithuanian Govt. Only problem being that one of UBIG's (frozen) assets is Hearts.

The situation will rumble on for the next few weeks, but there is no miracle escape option. They're way past the point where that could have happened (if Romanov had just decided to give them away pre-insolvency).

[Gus Fring]

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I'm not sure about the new stadium as that won't happen. But Hearts will have new owners soon, be in the SPL with no points deduction.

Liquidation or administration is just people on here wishful thinking.

[JeMeSouviens]

If they're going to rent Tiny, why on earth would someone pay £5-7M for something worth less than 5-7p?

[YehButNoBut]

Another one bites the dust.

Mehdi Taouil will leave Hearts at the end of the season.

The Moroccan midfielder has been told he will not be given a contract for next season. Taouil joined Hearts from Kilmarnock in 2011 on what was announced as a three year deal.

However the 30-year-old will now leave Tynecastle after the club said his contract expires at the end of May. Taouil made 68 appearances at Hearts, scoring twice.

His four years at Kilmarnock yielded five goals from 107 run outs.

http://sport.stv.tv/football/clubs/h...medium=twitter

[Phil D. Rolls]

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Are the ideas that they would be bought for £5-7m nonsense due to the shares currently being frozen?

Would Lith admins get much more than that if they broke the club up and sold it all off?

Given that all they are buying is the reputation and goodwill, 5-7 million is an outrageously high amount.

I'd like to know what the Zombie Yams will do about players and a ground. I suppose they'll just borrow more money. Because they have learned nothing, other than that they are untouchable.

The whole problem here is thar only one set of fans want them to die. With OLDCO everybody hated them. Despite their best efforts, most sets of fans have just treated Yam delusions as the uttering a if fantasists.

Basically, they will escape because they are a diddly club like everyone else. Otherwise they would have been terminated on Monday. Still, they will insist it is because they are special.

[PatHead]

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Another one bites the dust.

Mehdi Taouil will leave Hearts at the end of the season.

The Moroccan midfielder has been told he will not be given a contract for next season. Taouil joined Hearts from Kilmarnock in 2011 on what was announced as a three year deal.

However the 30-year-old will now leave Tynecastle after the club said his contract expires at the end of May. Taouil made 68 appearances at Hearts, scoring twice.

His four years at Kilmarnock yielded five goals from 107 run outs.

http://sport.stv.tv/football/clubs/h...medium=twitter

How does a 3 year deal end after 2 years?

[matty_f]

Someone's going to pay up to £7m for an almost worthless entity (as they're not buying the PBS I assume, given they say it'll be rented for 3 years), then they'll have to spend to build a team, then build a 25k seater stadium (having bought the land too)?

Really?

[Platinum Scotty]

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How does a 3 year deal end after 2 years?

Impressive maths there, clear to see why they dont feel they are in trouble.........they cannae count

[JeMeSouviens]

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I'm not sure about the new stadium as that won't happen. But Hearts will have new owners soon, be in the SPL with no points deduction.

Liquidation or administration is just people on here wishful thinking.

If anyone can be arsed, have a trawl back through the old Hun threads. That was all wishful thinking too.

[GreenCastle]

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Another one bites the dust.

Mehdi Taouil will leave Hearts at the end of the season.

The Moroccan midfielder has been told he will not be given a contract for next season. Taouil joined Hearts from Kilmarnock in 2011 on what was announced as a three year deal.

However the 30-year-old will now leave Tynecastle after the club said his contract expires at the end of May. Taouil made 68 appearances at Hearts, scoring twice.

His four years at Kilmarnock yielded five goals from 107 run outs.

http://sport.stv.tv/football/clubs/h...medium=twitter

Thought he was here another year ?

According to this site he was contracted to 2014 -

http://www.transfermarkt.co.uk/en/he...verein_43.html

The yams seem happy he's leaving...

I'm happy as although he hasn't fired on all cylinders since joining them - was a tricky player and liked to pass the ball and try get involved.

So far that's Grainger, Barr, Smith, Prychynenko and Zaliukas, Ngoo, Wilson, Novikovas all gone - 8 players

Would expect Webster to go soon also making it 9 in total.

[EdinMike]

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How does a 3 year deal end after 2 years?

That's a very good point there Sherlock... More crazy under the table stuff happening down at the PBS !

[Sanger]

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Just been looking through some of the comments from Hearts fans on the Scotsman (something I don't do often as it's full of complete loonies) anyway the general opinion of Hearts fans is that there is some White Knight about to rescue them by buying the club before some 30 day rule which means no penalty points next season and because of this they will start next season debt free and without any points deduction.

Are they really that deluded are just living in the land of make believe.

Some of their comments below

The Source - For the hard of thinking that read these posts, let me explain a few things. Hearts will be bought by a group, not an individual. Hearts will be sold for c£5m, possibly up to as much as £7m, but no more than that. The purchase will take place within the 30 day period UBIG have to withdraw their insolvency application. (meaning no penalty points for Hearts). UBIG will liquidate after that time. Assuming the price is £5m (for easy maths), it means the creditors of Ubig will secure 20p in the £ for the debt currently being carried by UBIG/Ukio Bankas.

Under normal administration/liquidation, the figure would be around 5 to 10p in the £. This represents an excellent opportunity for UBIG's creditors to salvage some return on their debt. These discussions are already at an advanced stage, and, will be concluded within the next fortnight/three weeks. Hearts will then be debt free, and start next season in the SPL in the strongest position they have been in for over 30 years. There may be some negotiating over the terms of the sale of Tynecastle, but, worst case scenario is a lease/buy back arrangement spread over an extended period of time.

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Milky Bar Kid - UKIO Bankas is bankrupt. UBIG is insolvent and its assets are frozen.

A formal offer for the Romanov-controlled 94% shares has been made to the Lithuanian administrators, Valnetas UAB. (including Julija Goncaruk's 15%)

Hearts FC will have new owners as soon as the legals have been formalised and a due diligence inspection of the management accounts has been carried out.

Hearts FC will continue to trade as a going concern, with NO debt.

Hearts FC will rent Tynecastle Stadium for at least the next three seasons until a new 25,000 capacity stadium is built in the west of the city.

Hearts will NOT enter into administration and will meet its HMRC debt in full. Hearts were respected citizens for 132 years before Romanov arrived.

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Look to the North, the Norwegians are coming over the hill.

They will take over the club, minus the debt which will be gone along with UBIG, they will purchase Tynie from UKIO and the Liths will out.

Simples, Hearts will start the season in the SPL, debt free and without any point deduction

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Ukio Bankas are down £55 million because of Hearts and will shortly call in claims on Tynecastle and HMFC. The administrators are going to maximise the sale if those claims to recoup as much of the loss as possible given they have a £300 million black hole to fill from guaranteeing the depositors of Ukio Bankas. Shows how far off these loonies are!

[therealgavmac]

Their accounting reminds me of.......


"There are 3 types of people in the world, those that can count and those that can't"

[PatHead]

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Ukio Bankas are down £55 million because of Hearts and will shortly call in claims on Tynecastle and HMFC. The administrators are going to maximise the sale if those claims to recoup as much of the loss as possible given they have a £300 million black hole to fill from guaranteeing the depositors of Ukio Bankas. Shows how far off these loonies are!

Well if they got £5-7m for the brand without any stadium (or players over the age of 18 the way things are heading) the administrators have played a blinder.

[Hank Schrader]

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I'm not sure about the new stadium as that won't happen. But Hearts will have new owners soon, be in the SPL with no points deduction.

Liquidation or administration is just people on here wishful thinking.

Total and utter b*llsh*t. Sorry Steve but as much as you think liquidation or administration is wishful thinking by some on here, your own thoughts on the subject are as far removed from reality as the deranged warblings by the likes of "The Source" on the Scotsmans comments section.

[Jim44]

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Just had a wee look back at previous SPL tables to see what points the teams finishing bottom had. Average was 28.(Lowest was 18, highest was 37.)

If they end up starting on -15 next season it's not just 15 points they need to make up, they need to catch the team sitting 2nd bottom (obviously) so they'll potentially need about 43 points just to draw level.

Assuming they'll be worse next season, this makes me happy.

If reconstruction doesn't take place till next season, they could decide, as they have previously, not to have promotion and relegation. The Jambos could get out of jail for very little cost. I hope of course that I'm wrong.

[JeMeSouviens]

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If reconstruction doesn't take place till next season, they could decide, as they have previously, not to have promotion and relegation. The Jambos could get out of jail for very little cost. I hope of course that I'm wrong.

What reconstruction? 12-10 splitting to 8-8-8 was the only compromise in town and it's gone.

[Treadstone]

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Total and utter b*llsh*t. Sorry Steve but as much as you think liquidation or administration is wishful thinking by some on here, your own thoughts on the subject are as far removed from reality as the deranged warblings by the likes of "The Source" on the Scotsmans comments section.

'The Source' is probably a Hibby throwing a line that he knows will hook a few. Fully expect this to be the chinese whisper of choice at the AGM.

[Part/Time Supporter]

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How does a 3 year deal end after 2 years?

Might have been two years plus a club option.

[Big Sexy Dave]

Has Zaliukas got a new club yet? not sayin' we should sign him. Just interested.

[The Falcon]

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They call it an extension in the accounts, but of the £25m that was due, £15m was fobbed off on a soon to be bankrupt bank, the interest rates were changed, new terms of repayment were agreed and the maturity date was changed - for all practical purposes it was a new loan. But either way we are agreed that UBIG was not in a position to legally make such a transaction.

I have a nagging doubt that somehow this has been carefully engineered to suit Hearts as the board left by the back door of UBIG, just as the cops were coming in the front. I cant see where but nonetheless I am intrigued by their manouvering/shenanigans.

[jonty]

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Just been looking through some of the comments from Hearts fans on the Scotsman (something I don't do often as it's full of complete loonies) anyway the general opinion of Hearts fans is that there is some White Knight about to rescue them by buying the club before some 30 day rule which means no penalty points next season and because of this they will start next season debt free and without any points deduction.

Are they really that deluded are just living in the land of make believe.

Some of their comments below

The Source - For the hard of thinking that read these posts, let me explain a few things. Hearts will be bought by a group, not an individual. Hearts will be sold for c£5m, possibly up to as much as £7m, but no more than that. The purchase will take place within the 30 day period UBIG have to withdraw their insolvency application. (meaning no penalty points for Hearts). UBIG will liquidate after that time. Assuming the price is £5m (for easy maths), it means the creditors of Ubig will secure 20p in the £ for the debt currently being carried by UBIG/Ukio Bankas.

Under normal administration/liquidation, the figure would be around 5 to 10p in the £. This represents an excellent opportunity for UBIG's creditors to salvage some return on their debt. These discussions are already at an advanced stage, and, will be concluded within the next fortnight/three weeks. Hearts will then be debt free, and start next season in the SPL in the strongest position they have been in for over 30 years. There may be some negotiating over the terms of the sale of Tynecastle, but, worst case scenario is a lease/buy back arrangement spread over an extended period of time.

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Milky Bar Kid - UKIO Bankas is bankrupt. UBIG is insolvent and its assets are frozen.

A formal offer for the Romanov-controlled 94% shares has been made to the Lithuanian administrators, Valnetas UAB. (including Julija Goncaruk's 15%)

Hearts FC will have new owners as soon as the legals have been formalised and a due diligence inspection of the management accounts has been carried out.

Hearts FC will continue to trade as a going concern, with NO debt.

Hearts FC will rent Tynecastle Stadium for at least the next three seasons until a new 25,000 capacity stadium is built in the west of the city.

Hearts will NOT enter into administration and will meet its HMRC debt in full. Hearts were respected citizens for 132 years before Romanov arrived.

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Look to the North, the Norwegians are coming over the hill.

They will take over the club, minus the debt which will be gone along with UBIG, they will purchase Tynie from UKIO and the Liths will out.

Simples, Hearts will start the season in the SPL, debt free and without any point deduction

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How does a 3 year deal end after 2 years?

maybe he wants paid for once?