Share Transfers Agreed/Cooling off period

[Leithenhibby]

So is he still under contract with Liverpool!

"Danny, who spent the second half of last season on loan at Tynecastle, has agreed to sign a three year deal upon expiration of his current contract at Liverpool".

[HIBERNIAN-0762]

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Hearts announce Danny Wilson has signed a permanent deal.

Goodwillie & Boyd next??

http://www.heartsfc.co.uk/articles/2...241384_3192360

Amazing how they continue to do this without even having a pot to pee in, this kind of arrogance does my box in and if the SFA don't look in to why they can't pay back (and never will) the zillions they owe then why are they allowed to sign players (even if players have left)

I think it's about time we started cheating like this as it's clear nothing will get done about it.

[bingo70]

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So is he still under contract with Liverpool!

"Danny, who spent the second half of last season on loan at Tynecastle, has agreed to sign a three year deal upon expiration of his current contract at Liverpool".

He'll be under contract until for the next couple of weeks so can't officially sign for hearts just now.

I'm really not fussed by this news, if they want to ***** a fair whack of there budget on a pretty average defender then that's up to them.

Also worth remembering Rangers before tehy folded tried to sign daniel cousin in the days before administration.

[bingo70]

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Amazing how they continue to do this without even having a pot to pee in, this kind of arrogance does my box in and if the SFA don't look in to why they can't pay back (and never will) the zillions they owe then why are they allowed to sign players (even if players have left)

I think it's about time we started cheating like this as it's clear nothing will get done about it.

At the agm last week they were pretty open about the fact they'll likely start next season -15 points.

[Leithenhibby]

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He'll be under contract until for the next couple of weeks so can't officially sign for hearts just now.

I'm really not fussed by this news, if they want to ***** a fair whack of there budget on a pretty average defender then that's up to them.

Also worth remembering Rangers before tehy folded tried to sign daniel cousin in the days before administration.

It's not a done deal yet!....... ST sales pitch methinks

[JeMeSouviens]

This is the sickbag rumour quote mentioned above. The poster claims he got the following from among the suits at Hampden yesterday. First part sounds fairly plausible and second part top notch but perhaps a bit over hopeful. Suspect it would be a worst case scenario if the Lithquidators play proper hardball.

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1. We have a cash flow issue looming that will become a real problem by August and earlier if season tickets and new membership income doesn't come in. We asked about possibility of SPL advance earlier than the standard September but were declined. This is not for this season it's next.

2. This was the most serious one. Apparantly we have given the SPL heads up that Tynecastle MAY be sold on open market in the next coming season. We said this because we have to give SPL notice of change of stadoum (worse case) and gave note on intent to look at alternative stadium if land sold and we are moved out before May 2014. I asked if liths had called security in and was told Hearts board were in agreement with sale off tynecastle land in association. With UKIO administrators. I tried to look like I didn't care so didn't probe but was told that this will be public knowledge in a few weeks.

Good news is SPL board are trying to work with us according to him. But bad news is that knives are out from some of the chairman who want to punish Hearts (not sure what exactly for mind).

Bit in bold, they really, really just don't get it do they? I've not murdered anyone for over a year, how can you punish me?

[Geo_1875]

So if Wilson has signed for HoMFC I assume the SPL have opened the transfer window early?

[Sergio sledge]

It really is something that the SPL need to look at, HoMFC have already admitted they don't have enough money to see out the season. They are hoping that they can raise £1.5m from a fan membership scheme and £1m from player sales throughout the season. Their audited accounts state "These conditions, along with the uncertainties in the cash flow projections explained in note 1 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern." This isn't a club taking finance out for expansion or using an arranged overdraft/loan/funding to speculate on a player or two, this is a club which is crossing its fingers and hoping for the best. Some of the clubs in the SPL have smaller total wage budgets than HoMFC are looking at fleecing their fans for again.

I don't know if the SPL have any regulations on clubs providing assurance that they can fulfil their fixtures, but if they don't then they should IMHO.

[PatHead]

I was speaking to a Hearts fan the other day who told me that they were still due money for Templeton and McGowan as part of the transfers. This is where a large chunk of the £1m transfer fee expectation comes from. Is this true as I thought that they had received all their fees for those two?

[Tyler Durden]

Hearts have signed a new player - what exactly is difficult to understand about this?

[PatHead]

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Hearts have signed a new player - what exactly is difficult to understand about this?

Don't think anyone finds it difficult to understand just odd that a club which admits it cannot see out the season without a cash injection is going around, and allowed under SPL rules, to sign players. I suspect that come the middle of the season they will do what Dunfermline did when they signed Brewster, Crawford, Kozma etc and announce half way through the season that they can't afford the players and they (the players) will have to take a massive wage cut.

[Sergio sledge]

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This is the sickbag rumour quote mentioned above. The poster claims he got the following from among the suits at Hampden yesterday. First part sounds fairly plausible and second part top notch but perhaps a bit over hopeful. Suspect it would be a worst case scenario if the Lithquidators play proper hardball.

It's very plausible.

In June they have interest payments and HMRC payments due of around £135k, with a wage bill of around £500k to meet, based on the £6m annual wage bill mentioned (I think) at the time of the share issue.
In July, they have interest payments and HMRC payments due of around £135k, with a wage bill of around £290k to meet, based on the £3.5m annual wage bill mentioned (I think) by Robbo at the time of the share issue.

This means that in these two months where there is no real income* other than season ticket sales they have a to pay out nearly £1.1m. They needed £1.8m to see out this season just finished but only raised £1.5m, meaning that they will have used £300k of the 13/14 season ticket income (assuming they hadn't already budgeted to use that) to get them to the end of May. They claim to have sold 6k season tickets for next season which will be around £1.4m income (assuming they have similar average prices to Hibs @ £12 per game) so they'll have used virtually all the season ticket money by the end of July, 1 month into the new season.

* There will be some income from friendly matches and merchandise sales (new kit) but I would imagine that friendlies struggle to break even with policing and stewarding costs taken into account and the money they will make from replica kit sales is minimal.

[JeMeSouviens]

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Don't think anyone finds it difficult to understand just odd that a club which admits it cannot see out the season without a cash injection is going around, and allowed under SPL rules, to sign players. I suspect that come the middle of the season they will do what Dunfermline did when they signed Brewster, Crawford, Kozma etc and announce half way through the season that they can't afford the players and they (the players) will have to take a massive wage cut.

They are clinging on in the desperate hope that someone will buy them ... and ****ing sharpish!

Even if they did, are any prospective buyers really going to have the sort of funds available to make up the shortfall from spending next year's ST money already?

[JeMeSouviens]

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It's very plausible.

In June they have interest payments and HMRC payments due of around £135k, with a wage bill of around £500k to meet, based on the £6m annual wage bill mentioned (I think) at the time of the share issue.
In July, they have interest payments and HMRC payments due of around £135k, with a wage bill of around £290k to meet, based on the £3.5m annual wage bill mentioned (I think) by Robbo at the time of the share issue.

This means that in these two months where there is no real income* other than season ticket sales they have a to pay out nearly £1.1m. They needed £1.8m to see out this season just finished but only raised £1.5m, meaning that they will have used £300k of the 13/14 season ticket income (assuming they hadn't already budgeted to use that) to get them to the end of May. They claim to have sold 6k season tickets for next season which will be around £1.4m income (assuming they have similar average prices to Hibs @ £12 per game) so they'll have used virtually all the season ticket money by the end of July, 1 month into the new season.

* There will be some income from friendly matches and merchandise sales (new kit) but I would imagine that friendlies struggle to break even with policing and stewarding costs taken into account and the money they will make from replica kit sales is minimal.

They will get some prize money (no s******ing at the back!) from their plucky 10th place finish (c £300K I think) and if they limp on until September they'll get the upfront SPL distribution (c £600K). I think you might be slightly overestimating their wage bill since several high earners are already released and they probably won't bring the new faces on board until very close to the new season start. On the other hand, I think it's pretty likely that most of the ST money they've already taken in has already been spent.

It will be interesting to see how the Muppets react if they actually do try to launch their membership scheme.

[PatHead]

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They will get some prize money (no s******ing at the back!) from their plucky 10th place finish (c £300K I think) and if they limp on until September they'll get the upfront SPL distribution (c £600K). I think you might be slightly overestimating their wage bill since several high earners are already released and they probably won't bring the new faces on board until very close to the new season start. On the other hand, I think it's pretty likely that most of the ST money they've already taken in has already been spent.

It will be interesting to see how the Muppets react if they actually do try to launch their membership scheme.

Is there a sponsor for the SPL in place or have I mixed it up with something else?

[Seveno]

I understand that they are signing Wilson as he has a large back garden. They can use his shed for the changing rooms and he has a nice patio that will easily accommodate the last remaining 15 yams. Mrs Wilson has offered to sell teas from out of the kitchen window.

[Hibernia Na Eir]

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Amazing how they continue to do this without even having a pot to pee in, this kind of arrogance does my box in and if the SFA don't look in to why they can't pay back (and never will) the zillions they owe then why are they allowed to sign players (even if players have left)

I think it's about time we started cheating like this as it's clear nothing will get done about it.

spot on.
seems our footballing authorities will bend over backwards to try to save hearts. Every obstacle is overcome with their help and guidance.
I can't think of a single time when a company was in such a hideously dire position but still contiues to trade without a care.
I can't ever see them going under.

[JimBHibees]

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So is he still under contract with Liverpool!

"Danny, who spent the second half of last season on loan at Tynecastle, has agreed to sign a three year deal upon expiration of his current contract at Liverpool".

No surprise the timing of this a day after we lost in the final. So he has a current contract at Liverpool which will likely run out at the end of the month. There will be loads of caveats that Wilson's advisors will have written in. Lets see how it goes and if he actually plays there.

[JeMeSouviens]

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Is there a sponsor for the SPL in place or have I mixed it up with something else?

Not yet. I imagine they're waiting for the "SPFL" rebrand.

[HIBERNIAN-0762]

Really got to laugh at them on other newspaper forums spouting they will be in the top 4 next season, no problem and we will be ones relegated.

You got to give them credit for brightening up our Monday

[Hibs Class]

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Really got to laugh at them on other newspaper forums spouting they will be in the top 4 next season, no problem and we will be ones relegated.

You got to give them credit for brightening up our Monday

Giving them credit is the last thing anyone should do

[Seven up]

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I understand that they are signing Wilson as he has a large back garden. They can use his shed for the changing rooms and he has a nice patio that will easily accommodate the last remaining 15 yams. Mrs Wilson has offered to sell teas from out of the kitchen window.

Just spat oot ma tea lololololol

[fat freddy]

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Just spat oot ma tea lololololol

a wee bit early to be having your tea?

[Borderhibbie76]

According to rumours on Facebook, they are very close to signing kris boyd too...beggars belief it really does!!

[Makaveli]

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According to rumours on Facebook, they are very close to signing kris boyd too...beggars belief it really does!!

If rumours like that are true (and if they're still alive in six months), these players aren't going to be paid when we get into October/November and the cash-flow sh** hits the fan. No hobonomics here... just facts.

Where is that future wage money going to come from? It's not. They're just digging themselves an even bigger hole.

[Leithenhibby]

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According to rumours on Facebook, they are very close to signing kris boyd too...beggars belief it really does!!

And as it stands, they haven't signed anyone at this time!

It's all part of their ST sales plan Chill.

GGTTH

[ScottB]

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If rumours like that are true (and if they're still alive in six months), these players aren't going to be paid when we get into October/November and the cash-flow sh** hits the fan. No hobonomics here... just facts.

Where is that future wage money going to come from? It's not. They're just digging themselves an even bigger hole.

They have a deluded support that had convinced themselves this is the sort of player they need to go for, and the club needs them to buy season tickets and 'donate' another £1.5million on top of that.

I'd expect a couple of token 'big names' (who have few, if any other options) to join over the summer in an effort to convince the puddle drinkers to hand over their cash. If they went with a squad they could afford more realistically, the fans would keep their cash and they'd die anyway. One last attempt at 'speculating to accumulate' for them before they die.

Let them have Boyd if they want, he's done f all at Killie and will just be another drain on their dwindling bank balance.

[essexhibee]

"I believe the club has a bright future with a lot of good young players." - Danny Wilson on signing for Hearts.

[blindsummit]

I have absolutely no sympathy for any player that signs for the manky mob and then three months later they fail to get paid or they go bust. They can access the same info we can and can see what a shower the jambos are and how close to going down the pan, so they have no excuses and can have no moans when it goes mammaries aloft.

Their agents should be run out of town for giving them such bad advice though.

[blindsummit]

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I have absolutely no sympathy for any player that signs for the manky mob and then three months later they fail to get paid or they go bust. They can access the same info we can and can see what a shower the jambos are and how close to going down the pan, so they have no excuses and can have no moans when it goes mammaries aloft.

Their agents should be run out of town for giving them such bad advice though.

Hey! I finally hit 1000 posts! I've been on Hibs.net since practically the beginning so it's taken me a looooooong time to get there. Some guys are up to 30,000 posts by now.