Share Transfers Agreed/Cooling off period

**Andy74** · 22-05-2013 04:55 PM

A few of them still seem to think that all that has happened is the debt has stayed the same as when they had Robinson. Aye, after £15m or so in player sales and £22m in questionable write offs and equity swaps. So, only £40m or so out.

**Platinum Scotty** · 22-05-2013 04:57 PM

Originally Posted by JeMeSouviens

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Well, they do appear to exist ...

http://w162152-pantero.php5.dittdome...-midlothian-fc

Seems to be a consultant (Jambo judging by his twitter feed) hired by the same bunch of Scandis that were mooted as bidders a while back. Sounds like they're hovering in the hope of a cheapo deal with the Lithuanian liquidators. Given the FoH muppets' reaction to them last time they were rumoured, I doubt they have the sort of cash needed.

Seems all a bit vague the whole web site - one of the "MD's" is pictured in a Hearts top

**Andy74** · 22-05-2013 05:01 PM

Originally Posted by Platinum Scotty

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Seems all a bit vague the whole web site - one of the "MD's" is pictured in a Hearts top

So far as a company they seem to have entered a couple of agreements that they have since withdrawn from and their main activity seems to be whatever this nonsense bid is with Hearts.

***Eyrie*** · 22-05-2013 06:44 PM

A bid would be based on a single cash payment to take over the club without the debt owed to UKIO and UBIG and other companies owned and controlled by Vladimir Romanov and his family.

I presume the "single cash payment" is to acquire the PBS for more than a property developer or supermarket will pay for the site, followed by the Lithuanian taxpayers being kind enough to write off the rest of the £25m.

There is more chance of Neil Lennon being gracious in defeat on Sunday than that happening.

**JeMeSouviens** · 22-05-2013 06:49 PM

Funnily enough, Crest Sports has a Norwegian partner, Kai Isaksen, who studied at Heriot Watt, has some previous connection to Hearts (possibly did some work for them?) and has been involved in some Norwegian sports clubs. Hitting all the "Scandinavian Consortium" buttons so far.

He also:

- couldn't come up with the readies for an agreed sponsorship deal with Edinburgh Capitals ...

http://www.edinburgh-capitals.com/in...:news&Itemid=7

- appears to have been involved in a potentially fraudulent deal to have Irn-Bru as a sponsor for a Norg football team ...

http://en.wikipedia.org/wiki/Irn-Bru#Norway
http://dt.no/sport/mif/mif-utsatt-fo...loff-1.5342594

The Yams on sickbag are wetting themselves at the news and I have to say that so far he sounds ideal to me too.

Looks very Yammish as well ...

**Gus Fring** · 22-05-2013 06:58 PM

The following part of their statement was interesting.

A bid would be based on a single cash payment to take over the club without the debt owed to UKIO and UBIG and other companies owned and controlled by Vladimir Romanov and his family.

On the face of it, that would make this whole thing a no go then, cos that debt isn't going away.

**~~Phil D. Rolls~~** · 22-05-2013 07:04 PM

Anybody know where I can buy Viking helmets. I sense a window in the market.

**JeMeSouviens** · 22-05-2013 07:07 PM

Originally Posted by Bajillions

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The following part of their statement was interesting.

On the face of it, that would make this whole thing a no go then, cos that debt isn't going away.

Well, unless the cash payment is very, very large.

***Eyrie*** · 22-05-2013 07:08 PM

Originally Posted by JeMeSouviens

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Well, unless the cash payment is very, very large.

They're going to need to shift a lot of cakes for that to happen.

**~~Saorsa~~** · 22-05-2013 07:13 PM

Originally Posted by Filled Rolls

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Anybody know where I can buy Viking helmets. I sense a window in the market.

For wearing or kicking?

**Gus Fring** · 22-05-2013 07:14 PM

Originally Posted by JeMeSouviens

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Well, unless the cash payment is very, very large.

I get the impression the bid would only be made after the debt had been shed.

In all seriousness, can anyone explain why someone would buy Hearts when they're are other teams in the SPL who have a lot less problems, say Hibs (Hypothetically) This looks to me like someone considering a derilict 3 bedroom house with no roof and a rat infestation when there is a well looked after mansion next door for not much more.

***Mikey*** · 22-05-2013 07:18 PM

Originally Posted by JeMeSouviens

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Originally Posted by Eyrie

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They're going to need to shift a lot of cakes for that to happen.

Well he's the very man to dispose of a few dozen. In one sitting.

**Andy74** · 22-05-2013 07:20 PM

Originally Posted by JeMeSouviens

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Funnily enough, Crest Sports has a Norwegian partner, Kai Isaksen, who studied at Heriot Watt, has some previous connection to Hearts (possibly did some work for them?) and has been involved in some Norwegian sports clubs. Hitting all the "Scandinavian Consortium" buttons so far.

He also:

- couldn't come up with the readies for an agreed sponsorship deal with Edinburgh Capitals ...

http://www.edinburgh-capitals.com/in...:news&Itemid=7

- appears to have been involved in a potentially fraudulent deal to have Irn-Bru as a sponsor for a Norg football team ...

http://en.wikipedia.org/wiki/Irn-Bru#Norway
http://dt.no/sport/mif/mif-utsatt-fo...loff-1.5342594

The Yams on sickbag are wetting themselves at the news and I have to say that so far he sounds ideal to me too.

Looks very Yammish as well ...

He he. Their press release talks about educational links to Edinburgh.

I really hope they are getting excited about this!

**Andy74** · 22-05-2013 07:22 PM

Originally Posted by Bajillions

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I get the impression the bid would only be made after the debt had been shed.

In all seriousness, can anyone explain why someone would buy Hearts when they're are other teams in the SPL who have a lot less problems, say Hibs (Hypothetically) This looks to me like someone considering a derilict 3 bedroom house with no roof and a rat infestation when there is a well looked after mansion next door for not much more.

You couldn't buy Hibs for just a few quid and most other teams need significant infrastructure investment. There is no money to be made though.

**rcarter1** · 22-05-2013 07:24 PM

Originally Posted by Bajillions

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I get the impression the bid would only be made after the debt had been shed.

In all seriousness, can anyone explain why someone would buy Hearts when they're are other teams in the SPL who have a lot less problems, say Hibs (Hypothetically) This looks to me like someone considering a derilict 3 bedroom house with no roof and a rat infestation when there is a well looked after mansion next door for not much more.

To be fair it is easier to prepare a bid for a club that is looking to be bought. Norway vs Lithuania over tynecastle. Fun?

**Topographic Hibby** · 22-05-2013 07:26 PM

Originally Posted by Andy74

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He he. Their press release talks about educational links to Edinburgh.

I've got some O grades and a Higher in Geography, courtesy of Leith Academy. Also got my bank statement in this morning and I've just avoided going into overdraft this month by £1.36.

Awaiting the call from a fat Nordic bloke.......

**~~Saorsa~~** · 22-05-2013 07:31 PM

**Gus Fring** · 22-05-2013 07:31 PM

Originally Posted by rcarter1

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To be fair it is easier to prepare a bid for a club that is looking to be bought. Norway vs Lithuania over tynecastle. Fun?

I thought Hibs were always for sale to the right buyer? I'm sure I read that before.

***Mikey*** · 22-05-2013 07:34 PM

Originally Posted by Desperate Dan

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**brog** · 22-05-2013 07:36 PM

How do Yams & Allisbarry continue to get away with statements that " they have not received funding from UBIG/UKIO for 18 months ". They're paying interest on a loan, their own a/c's show it, in which way is a loan not funding & how stupid are our journos?? Sorry, stupid questions!!

**Skol** · 22-05-2013 07:38 PM

and payingv back the loan at favourable terms they couldnrt get elsewhere

**rcarter1** · 22-05-2013 07:41 PM

Originally Posted by Bajillions

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I thought Hibs were always for sale to the right buyer? I'm sure I read that before.

Rings a bell now that you mention it, but its not exactly in the news every day. I suspect that once again (ie similar to when Vlad came in for them) Hearts look the easy option if you believe you can pull a fast one over the Lith admins. In an auction, and with Hearts debt out of the equation, surely Hibs are worth a lot more considering stadium issues etc. Have to say the guy looks like a Jambo so I suspect this will end in tears when his 5 pence in the pound offer is rejected.

**Treadstone** · 22-05-2013 07:43 PM

Originally Posted by JeMeSouviens

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Looks very Yammish as well ...

That's a lesbian James Corden

**rcarter1** · 22-05-2013 07:45 PM

Originally Posted by brog

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How do Yams & Allisbarry continue to get away with statements that " they have not received funding from UBIG/UKIO for 18 months ". They're paying interest on a loan, their own a/c's show it, in which way is a loan not funding & how stupid are our journos?? Sorry, stupid questions!!

Presumably they only mean that Hearts havent been getting any new money put in during that period? The fact that they may well be self sufficient (when ignoring the debts) is of course irrelevant if in the end they are held to the full amount - or substantial portion - of the debt.

***Pedantic_Hibee*** · 22-05-2013 07:48 PM

Originally Posted by Treadstone

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That's a lesbian James Corden

**~~Phil D. Rolls~~** · 22-05-2013 07:54 PM

Originally Posted by Desperate Dan

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Originally Posted by Mikey

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Four helmets, licking hats.

Can't see Gary MacKay putting one on, say, to publicise, season ticket sales, a share issue, or even himself. Always been a bit camera shy our Gary.

**~~Phil D. Rolls~~** · 22-05-2013 07:56 PM

Originally Posted by Andy74

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He he. Their press release talks about educational links to Edinburgh.

I really hope they are getting excited about this!

Frying pan, meet fire.

**Greentinted** · 22-05-2013 07:58 PM

Originally Posted by Filled Rolls

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Four helmets, licking hats.

Can't see Gary MacKay putting one on, say, to publicise, season ticket sales, a share issue, or even himself. Always been a bit camera shy our Gary.

Particularly where stupit bunnets are concerned.

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