Share Transfers Agreed/Cooling off period

[Bostonhibby]

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'Rolland' was positively creaming himself the next few stories after that one. If that turns out to be false 'The Sources' head might end up in Rollands freezer with the other heads.

Rolland is definitely top roaster over there, writes with such authority, but hardly ever accurate - can see him strangling rubber chickens as he batters away at his keyboard with his 3 fingers.

Most likely a Jeffrey Dahmer type figure using brokeback to lure in his victims with promises of share certificates.

[CropleyWasGod]

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It looks like they've already decided what would happen if they went into administration. Fedotovas said at the AGM that all shares would be cancelled (including the new ones that have been in the post for six months) - that would only happen with a liquidation, so it looks like they would intend to go down the Sevco route.

Theoretically they could manage a CVA though. Remember during the Rangers fiasco the original CVA proposal was for Sevco to lend RFC £8.5m to go into the creditors pot. They could find a Scandinavian or Italian version of Charles Green (my money would be on Carlos Verdi btw) to do the same sort of thing here. It would mean the £15m debt due to Ukio would be untouched though, and for that reason it's probably a non-starter.

..... you know that name will now be in the EEN later.

[Caversham Green]

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..... you know that name will now be in the EEN later.

Oops, has his interest not been made public yet?

That's opened a can of cats and put the worms among the pigeons.

[Geo_1875]

Any news from Lithuania on Ukio's appeal or UBIG's insolvency application?

[Geo_1875]

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It looks like they've already decided what would happen if they went into administration. Fedotovas said at the AGM that all shares would be cancelled (including the new ones that have been in the post for six months) - that would only happen with a liquidation, so it looks like they would intend to go down the Sevco route.

Theoretically they could manage a CVA though. Remember during the Rangers fiasco the original CVA proposal was for Sevco to lend RFC £8.5m to go into the creditors pot. They could find a Scandinavian or Italian version of Charles Green (my money would be on Carlos Verdi btw) to do the same sort of thing here. It would mean the £15m debt due to Ukio would be untouched though, and for that reason it's probably a non-starter.

Took me a second look to get that one

[Treadstone]

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Rolland is definitely top roaster over there, writes with such authority, but hardly ever accurate - can see him strangling rubber chickens as he batters away at his keyboard with his 3 fingers.

'Top Roaster'

Its a strong category.

[lapsedhibee]

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they have just issued one massive £800k share in the Chairman's name for safe keeping, all big clubs do it this way. He is going to do the same with the season ticket money as well, just to keep it simple.

Believe the technical banking term is that they're resting in his account.

[Treadstone]

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Believe the technical banking term is that they're resting in his account.

Vlads walking around Moscow attached to a saline drip and calling himself 'Father Ted'.

[lapsedhibee]

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Vlads walking around Moscow attached to a saline drip and calling himself 'Father Ted'.

Bound to have a drip attached after his stroke.

[Benny Brazil]

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Genius

http://www.brookmyre.co.uk/extras/sh...round-football

That is a brilliant read and takes my right back to the playground football games we used to have

[YehButNoBut]

Arvydas Novikovas is the latest Yam to leave the sinking ship.

http://www.bbc.co.uk/sport/0/footbal...medium=twitter

Hearts winger Arvydas Novikovas is the latest Tynecastle departure as manager Gary Locke continues his squad overhaul. The 22-year-old Lithuanian, who joined the Edinburgh club in 2008, has not been offered a new deal.

He made 37 appearances for the Jambos last term but is not part of Locke's plans for next season. Darren Barr, Danny Grainger, Mehdi Taouil, Gordon Smith, Fraser Mullen and Denis Prychynenko are also leaving.

[Treadstone]

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Arvydas Novikovas is the latest Yam to leave the sinking ship.

http://www.bbc.co.uk/sport/0/footbal...medium=twitter

No contract offer either means no compensation for Yams either. Good stuff.

[Waxy]

Whatever happens now at least we know, the good times are over at gorgie. Probably never to return.

[Crazyhorse]

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Arvydas Novikovas is the latest Yam to leave the sinking ship.

http://www.bbc.co.uk/sport/0/footbal...medium=twitter

Hearts winger Arvydas Novikovas is the latest Tynecastle departure as manager Gary Locke continues his squad overhaul. The 22-year-old Lithuanian, who joined the Edinburgh club in 2008, has not been offered a new deal.

He made 37 appearances for the Jambos last term but is not part of Locke's plans for next season. Darren Barr, Danny Grainger, Mehdi Taouil, Gordon Smith, Fraser Mullen and Denis Prychynenko are also leaving.

'not part of Locke's plans' feeble spin...

[Benny Brazil]

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Arvydas Novikovas is the latest Yam to leave the sinking ship.

http://www.bbc.co.uk/sport/0/footbal...medium=twitter

Hearts winger Arvydas Novikovas is the latest Tynecastle departure as manager Gary Locke continues his squad overhaul. The 22-year-old Lithuanian, who joined the Edinburgh club in 2008, has not been offered a new deal.

He made 37 appearances for the Jambos last term but is not part of Locke's plans for next season. Darren Barr, Danny Grainger, Mehdi Taouil, Gordon Smith, Fraser Mullen and Denis Prychynenko are also leaving.

Love how they call it Locke overhauling the squad - like he has a say in whether they stay or go.

[EuanH78]

Allisbarry tweeting that websters contract ends today and will know in next 48 hours whether he will sign new one. My guess is he isn't getting offered either but that might spook the poor yams

[Keith_M]

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'not part of Locke's plans' feeble spin...

Especially for someone that played in 37 games in the season just finished.

[Part/Time Supporter]

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Especially for someone that played in 37 games in the season just finished.

Mostly as a sub.

http://www.soccerbase.com/players/pl...layer_id=51476

They were hoping they might get a fee for him (he is an international and there is some interest in Poland, I think). But to get a fee now they would have had to offer him a contract at least on the same terms.

[pontius pilate]

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Allisbarry tweeting that websters contract ends today and will know in next 48 hours whether he will sign new one. My guess is he isn't getting offered either but that might spook the poor yams

Webster is leaving that ****hole of a club he's been offered a new contract but declined it supposedly. Again it's another nail in their coffin.

No income.
No ground.
No team.
But hey #allisbarry

[CyberSauzee]

Zali, Webster and Barr. 3 CBs with a combined weekly wage bill I'm guessing of around £30k, or £1.5m per annum. They couldn't afford last year, they can't afford it now. Financial doping, pure and simple. Looking forward to a summer of disintegration at the PBS.

[hibees 7062]

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Someone over there had posted a link to an article about the Scandanavian Viking Gods that are supposed to be saving them. The article was about how they had apparently set up a sponsorship for a Norwegian club with AG Barr (Irn Bru). It turned out that Barrs actually knew nothing about the deal and the whole thing was pretty much a scam!

Needless to say it was suitably ignored by them all #allisbarry

They pulled out after hertz emptied their grandson

[hibees 7062]

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Any news from Lithuania on Ukio's appeal or UBIG's insolvency application?

Its been filed with the shares certificates

[Craig_in_Prague]

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Webster is leaving that ****hole of a club he's been offered a new contract but declined it supposedly. Again it's another nail in their coffin.

No income.
No ground.
No team.
But hey #allisbarry

5-1

[Onion]

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Allisbarry tweeting that websters contract ends today and will know in next 48 hours whether he will sign new one. My guess is he isn't getting offered either but that might spook the poor yams

Hibs should try sign him up

[pontius pilate]

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5-1

Forgot about that silly me.
Wee team.
Forever in our shadow.
Nae big cup.
1902.

I'm glad I'm a hibby signing the 3 players we have of the quality that they are and what is happening across the road.
A administration looming.
15 point deduction.
Owner fleecing them for every penny.
Players leaving.
Shut stadium.
**** fans.
**** manager.
Nae Europe.

Hearts the team that keeps on giving.
I'll look forward to a nice relaxing summer watching them get out of admin a -15 point penalty.

Great days to be a hibby.

[Bostonhibby]

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Believe the technical banking term is that they're resting in his account.

That would be an ecumenical matter, to quote the late great father ted.

[Seveno]

Here's hoping for a summer of entertainment from the Wongadome to compensate for the lack of football.

[Phil D. Rolls]

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That would be an ecumenical matter, to quote the late great father ted.

How did that gob sh-te get on Hibs.net?

[clerriehibs]

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Forgot about that silly me.
Wee team.
Forever in our shadow.
Nae big cup.
1902.

I'm glad I'm a hibby signing the 3 players we have of the quality that they are and what is happening across the road.
A administration looming.
15 point deduction.
Owner fleecing them for every penny.
Players leaving.
Shut stadium.
**** fans.
**** manager.
Nae Europe.

Hearts the team that keeps on giving.
I'll look forward to a nice relaxing summer watching them get out of admin a -15 point penalty.

Great days to be a hibby.

It should all add to the feel good factor at ER ... Get the seasons into 5 figures again.

[truehibernian]

Doesn't matter who they sign pre-season - their best signings from our point of view was making Gary Locke their manager with Murray his assistant. Both absolutely terrible and tactically inept. My worry, if Hearts survive and are 'reborn' are that new owners see this glaring fact and bin them

Can't wait until we play them next - hopefully they'll have 'The Nose' in their line up too which will make beating them again sweeter