Share Transfers Agreed/Cooling off period

[Saorsa]

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Particularly where stupit bunnets are concerned.

Attachment 9970

I would have thought he'd have worn his medals for that pic TBH

[Viva_Palmeiras]

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

Never mind cakes he could dispose of a few dozen people in one sitting!

[robinp]

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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 ...

Looks like an Uber fat James Cordon with a rapey tendancy!

Edit: beaten to it!

[greenpaper55]

This from the Beeb website


"We must stress though, that the final decision whether to field a bid has not been made, and will depend on the outcome of current processes surrounding Ukio Bankas and UBIG as well as other companies related to Vladimir Romanov and UBIG.
"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."

So they want THEM for a single cash payment and the Lithuanians can kiss the rest of the debt goodbye , i wonder what the single cash payment would be ?.

[HIBERNIAN-0762]

Am I hearing it right from a couple of mates that they have been officially declared insolvent?, there's a few posted about it on the Scotsman forum but can't see anything definite.

[Gus Fring]

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Am I hearing it right from a couple of mates that they have been officially declared insolvent?, there's a few posted about it on the Scotsman forum but can't see anything definite.

"They" as in Hearts or UBIG? The latter is the most likely.

[lapsedhibee]

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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.

It's the Stevie "Fail" Fail legacy. We don't owe anyone at all, anywhere, any money if you only take into account the people to whom we don't owe any money; we don't have any debt apart from the money that we owe to people; we're self-sufficient if you don't count the money that people give us, etc. All this thinking would not be sustainable if it wasn't for Stevie's initial (I paraphrase) "We'd be top of the league if you only took into account the matchdays on which we won games by bigger scores than other teams". He set a standard, raised a bar for the future.

Speaking about raising things puts me in mind of razing things. Are they deid yet, and can the bulldozer smileys move in?

[Platinum Scotty]

Lifted from the Scotsman............

• A US tycoon is reportedly also interested in Hearts, though he’s only willing to pay a pound for them. (Sun)

That seems a high figure LOL

[grunt]

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• A US tycoon is reportedly also interested in Hearts, though he’s only willing to pay a pound for them. (Sun)

That seems a high figure LOL

That's the same price that Craig Whyte paid for Oldco Rangers, and we all know how that ended up.

[Phil D. Rolls]

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Lifted from the Scotsman............

• A US tycoon is reportedly also interested in Hearts, though he’s only willing to pay a pound for them. (Sun)

That seems a high figure LOL

I'll buy this football club for a pound.

Alright 75p, I won't bankrupt this football club for 75p.

[Waxy]

Camera crew outside tynie now

[Cabbage East]

AGM today. Just imagine the lies and spin that'll be floating about.

[Waxy]

Oh aye. Forgot about that. Was hoping something bad was happening to them. Does that make me a bad person?

[SurferRosa]

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AGM today. Just imagine the lies and spin that'll be floating about.

I`m quite sure they`ll all float out of the PBS on a cushion of air, serenaded by angels and all with a warm, fuzzy glow inside after being told that everything`s going to be just peachy.

[Leithenhibby]

Social Media will be interesting today/night.

The spin and lies that will surface should give us a good chuckle......

[copycat]

Now from the start sat and watched things unfold knowing full well that at somepoint yams were going to go pop and have face a hefty boot in the baws, after the last 2 weeks it is clear that the future isnt bright and survival must be key and should they avoid insolvency and get away with a 15 point deduction while remaining in the SPL they have clearly won a watch, in fact big ****** ben!!!

I thought i would pop over to slimeback for a troll, low and behold a thread which has the team good enough to finish 2nd next season, not only that but packed with high earners, what the hell are these idiots eating and drinking in Gorgie, any other club would be out in force demanding answers but not these clowns, clearly sitting enjoying Jeremy Kyle and thinking life is grand!!

They really are more delusional than i thought and that is saying something.

[SurferRosa]

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Now from the start sat and watched things unfold knowing full well that at somepoint yams were going to go pop and have face a hefty boot in the baws, after the last 2 weeks it is clear that the future isnt bright and survival must be key and should they avoid insolvency and get away with a 15 point deduction while remaining in the SPL they have clearly won a watch, in fact big ****** ben!!!

I thought i would pop over to slimeback for a troll, low and behold a thread which has the team good enough to finish 2nd next season, not only that but packed with high earners, what the hell are these idiots eating and drinking in Gorgie, any other club would be out in force demanding answers but not these clowns, clearly sitting enjoying Jeremy Kyle and thinking life is grand!!

They really are more delusional than i thought and that is saying something.

To be fair, every reply to that ridiculous OP is ripping the pish out the guy..

[Devilstorment]

It beggars belief really that they have their heads so far in the sand....

Carefull how much time you spend on that site though, I hear it has been added to a Government watch list for catching Peado's

[StevieInReverse]

The fact that they have said this is worrying. Well not really puts huge expectation on the manager and when he fails they will want him out. But what do I know I'm a hibby I support the wee team 5-1 and all that jambo f*ds

[Andy74]

It's a pity that not one valid or interesting question has ever been asked at one of their AGMs.

[Sergio sledge]

There's a thread on KB about the AGM and someone is claiming that in HoMFC's projections for the coming season they need £1m from player sales and £1.5m from a fan membership scheme in order to break even. So after raising just over £1m in a share issue where the prospect of the club going bust mid season was very real, they expect to be able to raise another £1.5m from the same fans in the coming season. They're mad.

Edit: here if anyone wants a laugh. http://www.hmfckickback.co.uk/index.php?/topic/128308-agm/

[matty_f]

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It's a pity that not one valid or interesting question has ever been asked at one of their AGMs.

Harsh there, Andy. Remember, if it wasn't for someone asking difficult questions that lightbulb might never have been replaced.

Think before you post, that's all I'm saying.

[alexedwards]

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Lifted from the Scotsman............

• A US tycoon is reportedly also interested in Hearts, though he’s only willing to pay a pound for them. (Sun)

That seems a high figure LOL

According to the actual Sun article it's a £1 bid plus US guy taking on the full debt - and that is a completely different ball game. All I have heard so far is a preference for "debt-free" offers.
Surely if you are an administrator/ubig the offer of writing off £25m from the books has to be attractive?

[bingo70]

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There's a thread on KB about the AGM and someone is claiming that in HoMFC's projections for the coming season they need £1m from player sales and £1.5m from a fan membership scheme in order to break even. So after raising just over £1m in a share issue where the prospect of the club going bust mid season was very real, they expect to be able to raise another £1.5m from the same fans in the coming season. They're mad.

Who could they sell for £1m? IMO they've not got anybody worth anything.

[matty_f]

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There's a thread on KB about the AGM and someone is claiming that in HoMFC's projections for the coming season they need £1m from player sales and £1.5m from a fan membership scheme in order to break even. So after raising just over £1m in a share issue where the prospect of the club going bust mid season was very real, they expect to be able to raise another £1.5m from the same fans in the coming season. They're mad.

Has to be bollocks, they're self-sufficient now (ignore the loss, and the share issue - which was definitely for youth development and that, not a tax bill that they were hit with for the same amount, by the way - and the cake bakes, the face painting, the plea to get fans in to fill the stadium, the comments that the budgets were based on a top 6 finish etc). They are definitely self-sufficient. Yes, sir.

Only a matter of time before they kindly walk away from millions of pounds of debt to give the club to someone for a song.

[matty_f]

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According to the actual Sun article it's a £1 bid plus US guy taking on the full debt - and that is a completely different ball game. All I have heard so far is a preference for "debt-free" offers.
Surely if you are an administrator/ubig the offer of writing off £25m from the books has to be attractive?

Just how mental would you have to be to take on the debt of a football club that has shown quite categorically that it is wholly unable to trade out of it?

[matty_f]

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Who could they sell for £1m? IMO they've not got anybody worth anything.

Harsh there, Bingo. They've got the best young players in the country. McHattie, that other boy that kicked thin air and fell over, the boy that took the dive... there must be tens of pounds of talent there.

I guess I'm just trying to say "think before posting".

[bingo70]

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Harsh there, Bingo. They've got the best young players in the country. McHattie, that other boy that kicked thin air and fell over, the boy that took the dive... there must be tens of pounds of talent there.

I guess I'm just trying to say "think before posting".

Why don't they have a family fun day? there could be a bake sale, face painting and even a bouncy castle, could that not make up the difference?

[Sergio sledge]

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Harsh there, Bingo. They've got the best young players in the country. McHattie, that other boy that kicked thin air and fell over, the boy that took the dive... there must be tens of pounds of talent there.

I guess I'm just trying to say "think before posting".

True, they've also got Dylan McGowan.

In all seriousness, if this is the case then they are gambling on Wilson signing a deal and playing well enough to sell him in the January window IMHO.

[Hibbyradge]

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According to the actual Sun article it's a £1 bid plus US guy taking on the full debt - and that is a completely different ball game. All I have heard so far is a preference for "debt-free" offers.
Surely if you are an administrator/ubig the offer of writing off £25m from the books has to be attractive?

So he buys the club and the debt for £1 then immediately goes into administration, thereby freeing himself of the debt.

Clever plan. I doubt the UBIG administrator would see that one coming.