Share Transfers Agreed/Cooling off period

[gogsy23]

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Does anyone know the likely value of the land that the PBS Wongadome sits on? I think this value will be a major factor if they live or die. Some YAMs have it between £2m and £13m. I hope it's high so some potential savour will be put off trying to buy them on the cheap.

I believe its worth very little due to the fact it sits next to the distillery and chemical plant and housing permision would not get granted.

[Hibbyradge]

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I believe its worth very little due to the fact it sits next to the distillery and chemical plant and housing permision would not get granted.

It was worth £20m 9 years ago.

[Keith_M]

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I believe its worth very little due to the fact it sits next to the distillery and chemical plant and housing permision would not get granted.

Then how does that tally with the 18M the Pieman was going to sell it for, for the purpose of building houses on?

[Cabbage East]

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There's a very good point about the recent share issue been raised on the PM board.

They've been saying for months that the share certificates were about to be sent out, and that news has mostly come out through their pal Barry. However, they're now saying that the process couldn't be completed until yesterday's AGM was out of the way and only now can they work towards sending them out.

So either Barry has been told a pack of lies by Hearts knowing full well that he would print them, or Barry himself is in on it and knew that what he was printing was a load of nonsense.

If it's the former then any journalist with any balls whatsoever would be on the phone to David Southern right after the AGM asking why he'd been used in that way. If it's the latter then his boss should fire him right away.

Maybe someone could tweet him and ask.

I believe Barry Anderson is on the payroll at Hearts in some capacity. Think the Traynor arrangement with the huns. In fact, someone tweeted something similar to Barry the other day, this was one of the many tweets that he conveniently ignored.

[Treadstone]

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There's a very good point about the recent share issue been raised on the PM board.

They've been saying for months that the share certificates were about to be sent out, and that news has mostly come out through their pal Barry. However, they're now saying that the process couldn't be completed until yesterday's AGM was out of the way and only now can they work towards sending them out.

So either Barry has been told a pack of lies by Hearts knowing full well that he would print them, or Barry himself is in on it and knew that what he was printing was a load of nonsense.

If it's the former then any journalist with any balls whatsoever would be on the phone to David Southern right after the AGM asking why he'd been used in that way. If it's the latter then his boss should fire him right away.

Maybe someone could tweet him and ask.

Easy Mikey.

Barry Anderson ‏@BarryAnderson_823 Apr
@Elblondiso Shares won't be registered till AGM (date TBC). Then Companies House must be informed within 1 month by law.

Barry Anderson ‏@BarryAnderson_84 May
New #Hearts shareholders will get certificates a few weeks after AGM on 23 May, according to #HMFC. Existing shareholders only at AGM.

Although he should be putting in some caveats after tweeting this and linking a story that turned out not to be accurate.

Barry Anderson ‏@BarryAnderson_822 Apr
"@jj_bruce @BarryAnderson_8 When will the EEN be covering the Hearts share issue?" > http://bit.ly/YGDLMK

http://www.scotsman.com/edinburgh-ev...-agm-1-2849430

[Mikey]

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Easy Mikey.

Barry Anderson ‏@BarryAnderson_823 Apr
@Elblondiso Shares won't be registered till AGM (date TBC). Then Companies House must be informed within 1 month by law.

Barry Anderson ‏@BarryAnderson_84 May
New #Hearts shareholders will get certificates a few weeks after AGM on 23 May, according to #HMFC. Existing shareholders only at AGM.

Although he should be putting in some caveats after tweeting this and linking a story that turned out not to be accurate.

Barry Anderson ‏@BarryAnderson_822 Apr
"@jj_bruce @BarryAnderson_8 When will the EEN be covering the Hearts share issue?" > http://bit.ly/YGDLMK

http://www.scotsman.com/edinburgh-ev...-agm-1-2849430

He was wittering on about them being sent out in March at one point.

[Treadstone]

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He was wittering on about them being sent out in March at one point.

Aye can't quite find that on the tweet machine at the moment. When I do i will re-tweet it and see if he replies.

[Gus Fring]

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Am I right in thinking that the SPL left themselves a bit of room to still apply the 18 point deduction this season, rather than hit them with 15 points next season? It's obvious that they're not going to see out next season.

Ralph Topping would not be drawn on whether the points deduction would be applied this season or next, he made no definitive statements. He did however say that they would revisit it once the matter progresses in lithuania.

Once again, after speaking to my source within Hampde, the SPL have not done anything to let hearts off or bottled this decision. Quite the opposite. As it stands UBIG have not officially suffered an insolvency event yet, it may be inevitable but that doesn't give the SPL any right to punish before it actually happens.

The SPL need to make sure their bums are covered because if they had have applied the 18 point deduction last friday, Hearts would have had it overturned in court with the greatest of ease. The SPL doesn't need that hassle because that brings with it the ever watchful eye of FIFA and after last years debacle with Rangers, it's better to be safe than sorry.

[Stevie Reid]

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Then how does that tally with the 18M the Pieman was going to sell it for, for the purpose of building houses on?

Was a minimum of £20.5M according to this, though it does say that it's subject to consent and had been valued at £16M: -

http://www.heartsfc.co.uk/articles/2...2241384_553846

[Treadstone]

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He was wittering on about them being sent out in March at one point.

Barry Anderson ‏@BarryAnderson_821 Feb
#Hearts fans: I'm told share certificates will be posted out around mid-March (for those asking) #HMFC

Check the date!

[Fife-Hibee]

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Wouldn't be ironic of STF took an interest in the PBS development opportunity and agreed a deal with the Lith Admins for the land. £5 or 6 M would be a reasonable starting bid, and maybe a little payback for the way he was shafted by the Yam Council when he tried to buy the land behind ER

I would love this to happen, just a pitty STF is not as shallow as they f...ers !

[Hibbyradge]

Less than 9 years ago, Chris Robinson agreed to sell Tynecastle for £20.5m. See here.

How much is it worth today? I don't know how much property prices have fallen since then, but for FOH to suggest it's only worth £2m is ludicrous.

If it's being offered at that price maybe I should see my bank manager...




edit - I foiund this cartoon from 2004

[Hibbyradge]

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Was a minimum of £20.5M according to this, though it does say that it's subject to consent and had been valued at £16M: -

http://www.heartsfc.co.uk/articles/2...2241384_553846

Ah, I posted a separate thread with an article from the Evening News.

I thought the information needed aired...

[Gus Fring]

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Barry Anderson ‏@BarryAnderson_821 Feb
#Hearts fans: I'm told share certificates will be posted out around mid-March (for those asking) #HMFC

Check the date!

If ever any more proof was needed that Barry just tweets and writes what he's told without questioning it. He's been lied to by Hearts which in turn has meant he's lied to his readers. He of course claimed yesterday he doesn't lie but I think this proves he does.

[Mikey]

The deal they want is £2m with no debt.

It's bonkerstastic.

[Keith_M]

I think the main claim, which they're putting their hopes on, is that the land Tynecastle is on is not worth anything other than for football use. While the value may not be 20M any more, the mere fact that this was already offered for the land uder such 'non football use' kills that lie instantly.


Sorry guys, other people might want to bid for the land after all.

[Treadstone]

One half of Yams current two man board earning his keep.

http://www.dailyrecord.co.uk/sport/football/hearts-build-their-hopes-on-new-man-1013754

"The new director, Vitalijus Vasiliauskas, will manage the £51million project that includes the building of a..."
10,000 main stand
hotel
office space
residential apartments.

Job done then.

[Craig_in_Prague]

homofc.jpeg

[Craig_in_Prague]

http://www.scotsman.com/sport/footba...arts-1-2943559

Allisbarry

[Stevie Reid]

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http://www.scotsman.com/sport/footba...arts-1-2943559

Allisbarry

They have "between 5 and 10 million available"? So they may actually have twice as much as the lower figure? You think they would have more an idea, really. Not vague at all.

[Mikey]

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They have "between 5 and 10 million available"? So they may actually have twice as much as the lower figure? You think they would have more an idea, really. Not vague at all.

Not very good at bargaining, are they?

I'll give you between £5m and £10m.

Thanks, I'll take £10m.

[gogsy23]

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It was worth £20m 9 years ago.

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Then how does that tally with the 18M the Pieman was going to sell it for, for the purpose of building houses on?

Given all the new housing in the area im not sure there is the demand for the new housing as such,that and the fact the prices have plummeted for land value and i very much doubt they would get permission to build anyway.

Reckon realistically its worth circa £5-6 million. Not sure how that would work with the 10 million that is secured against the stadium.

Its also in the blast zone which is related to the aforementioned neighbouring sites.

[Stevie Reid]

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Not very good at bargaining, are they?

I'll give you between £5m and £10m.

Thanks, I'll take £10m.

There are some outstanding moments in that article: -

The Scandinavians’ plan would be to offer a cash payment for the majority shareholding without any debt and become Hearts’ new owners, and they have between £5m and £10m available. “That valuation is not completely wrong,” said a source close to the consortium today.

“We have a strategy for how to get the shareholding. Whether it will work is another question. There is the possibility some of the shareholding could be transferred to Ukio Bankas. As far as we know, that transaction hasn’t happened yet so the shares are still formally owned by UBIG. Our strategy involves taking over a club which is free of debt to Ukio Bankas and UBIG. Obviously that is going to take some sort of cash payment to deal with the current debt. How big that cash payment will be is still an open question.

“What is very clear is that the consortium would not enter a deal where Ukio Bankas or UBIG would maintain any of the debt after a deal was done. If there is any debt left, it would not be to those parties. That part of it would need to be closed completely.

“We have not negotiated a price, we are not anywhere close to that yet. Probably not a lot is going to happen until the UBIG situation is resolved. We believe that once things get started we should be in a pretty good position. We think we know the full picture now. The administrators of both parties will have a say in this. There may also be other parties involved.”

The consortium would be able to move “within days” once the picture relating to UBIG becomes clearer. “They wouldn’t take the bother to do all this work for nothing but a decision has not been made. They will walk away if something happens to change the business completely,” said the source.

“They are still investigating whether this could be a profitable business. Once the UBIG situation becomes clear, we would have initial talks to get a feel for what offer should be placed. They could move within days to close negotiations once they decide to make an offer, but we have not reached that point yet. These people are Hearts fans from the outset but they are also businessmen looking to do a good deal. They are not looking to throw their money away.”

Of the group, the four Norwegians have studied in Edinburgh and consider themselves active supporters of Hearts. The youngest member of the consortium is said to be “around 40”, with the oldest in his 60s.

Meanwhile, Hearts manager Gary Locke has held talks with former team-mate David Weir about becoming the club’s new assistant manager. Weir, a youth coach at Everton, is in contention to replace David Moyes at Goodison Park but would consider returning to Tynecastle under Locke.

[easty]

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http://www.scotsman.com/sport/footba...arts-1-2943559

Allisbarry

Of the group, the four Norwegians have studied in Edinburgh and consider themselves active supporters of Hearts. The youngest member of the consortium is said to be “around 40”, with the oldest in his 60s.


Top class journalism as ever.

Is the youngest member a 'The Stig from Top Gear' type of person? 'he's said to be around 40 years old, loves Hearts and some say he can milk money out of his nipples and waste it on whatever he wants.....all we know is Barry Andersons a welt".

[Mikey]

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Meanwhile, Hearts manager Gary Locke has held talks with former team-mate David Weir about becoming the club’s new assistant manager. Weir, a youth coach at Everton, is in contention to replace David Moyes at Goodison Park but would consider returning to Tynecastle under Locke.

Does the bit in red actually say what I think it says?

[Treadstone]

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There are some outstanding moments in that article: -

The Scandinavians’ plan would be to offer a cash payment for the majority shareholding without any debt and become Hearts’ new owners, and they have between £5m and £10m available. “That valuation is not completely wrong,” said a source close to the consortium today.

Take any word out of that sentence apart from 'wrong' and it makes more sense.

[Stevie Reid]

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Does the bit in red actually say what I think it says?

Unbelievable, isn't it? The SSN correspondent who covers Liverpool said the other day that Weir had been interviewed for the Everton job along with Stubbs and Neville, the three internal candidates. I'm sure he's itching to get back to Tynie.

[Hibbyradge]

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Given all the new housing in the area im not sure there is the demand for the new housing as such,that and the fact the prices have plummeted for land value and i very much doubt they would get permission to build anyway.

Reckon realistically its worth circa £5-6 million. Not sure how that would work with the 10 million that is secured against the stadium.

Its also in the blast zone which is related to the aforementioned neighbouring sites.

Sorry, but what has happened between September 2004 and now that has reduced the value of the land to a quarter of it's previous price?

Has your house dropped by 75%?

The demand for new housing has never been greater, particularly affordable property. The population of Edinburgh, Scotland and the UK is increasing year on year.

Blast zone? What blast zone and wasn't it there 8 years ago?

[scoopyboy]

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Given all the new housing in the area im not sure there is the demand for the new housing as such,that and the fact the prices have plummeted for land value and i very much doubt they would get permission to build anyway.

Reckon realistically its worth circa £5-6 million. Not sure how that would work with the 10 million that is secured against the stadium.

Its also in the blast zone which is related to the aforementioned neighbouring sites.

Can you tell me where this blast zone of yours actually is?

There is Murrayfield on one side, a recently built Sainsburys on another, housing on another and a brand new High school on the other.

I would be really interested where the boundaries of the zone are.

[Crazyhorse]

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Does the bit in red actually say what I think it says?

Yes unbelievable: 'Sorry I'm dropping out of the running for the Everton job because Hearts want me as assistant to the tactical genius that is Gary 'Pish on my face please' Locke.

Can we compile a list of Bandersonballs?