Share Transfers Agreed/Cooling off period

[CropleyWasGod]

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I'll think the same (if they snap them in two like a small twig).

They are like a cat with a lame mouse. Playing, nibbling, having as much fun as they can......

Until they get bored, or the mouse presents no further challenge.

[fat freddy]

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Hearts is to Romanov what the Car Wash is to Walter "Heisenberg" White.

Does that mean that Roman Romanov is Jesse Pinkman?....if so that would make Hank Schrader the Taxman and Saul would be Fedopopoulis.

[Curly1875]

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Does that mean that Roman Romanov is Jesse Pinkman?....if so that would make Hank Schrader the Taxman and Saul would be Fedopopoulis.

Never thought I'd see Breaking Bad references on .net :D loving it!

[Gus Fring]

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Does that mean that Roman Romanov is Jesse Pinkman?....if so that would make Hank Schrader the Taxman and Saul would be Fedopopoulis.

I'd say Roman is Skyler personally but the rest are spot on.

[CallumLaidlaw]

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I'd say Roman is Skyler personally but the rest are spot on.

I was kinda hoping Hearts were Gus Fring

[Ozyhibby]

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I was kinda hoping Hearts were Gus Fring

Your average Jambo is about as bonnie as him in his final scene.

[Onceinawhile]

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I agree. Was speaking to a CA mate of mine who reckons similar and that lessons have been learned from the Rangers shambles where he reckoned HMRC made an awful lot of mistakes in their handling of.

HMRC could have forced the issue over the 'big' tax case, asked for it all in a lump sum and then put hearts out of business. They then would have got 0.00 and nothing further coming in.

As it is they've been receiving PAYE deductions and NICs for the last few months as well as some cash towards the big one. Will they get it all? Unlikely, but they've got more than they would have.

[SmashinGlass]

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Your average Jambo is about as bonnie as him in his final scene.

Are you sure you're not talking about Tuco's uncle Tio Salamanca here?

[CallumLaidlaw]

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Are you sure you're not talking about Tuco's uncle Tio Salamanca here?

Nah, definitely Gus.

[RoYO!]

Breaking bad spoilers in thread title? :p

[fat freddy]

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I'd say Roman is Skyler personally but the rest are spot on.

Nah, Skyler is Romanovs niece..

[cam75]

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Your average Jambo is about as bonnie as him in his final scene.

Don't spoil it I'm only on series 4:-)
GGTTH

[Part/Time Supporter]

A bit more detail in the Scotsman article this morning

http://www.scotsman.com/news/hearts-...ssed-1-2953713

But the delay has raised further concerns about the ongoing viability of the Gorgie outfit. Hearts are £25m in debt, with £15m owed to Ukio Bankas, who have already entered administration, and a further £10m due to parent company UBIG, who are on the brink of insolvency. With no cash assistance coming from Lithuania, they now need to find the money to pay HMRC and still ensure there is enough left in the pot to cover staff wages, which are due in less than a fortnight. And a club insider stressed that, unless season tickets sales are boosted, that might prove difficult.

...

However, while some club insiders insist Hearts are moving closer to the point where they can operate self-sufficiently, there are concerns about the immediate cash-flow situation. Admitting that they have been forced to operate on a hand-to-mouth basis since former owner Vladimir Romanov stopped ploughing money into the club two years ago, they say that they are counting the cost of the sizeable May wage bill, which included all the players’ bonuses and appearance fees, and the increased PAYE bill as a consequence. It is hoped that season-ticket sales will eventually bolster the coffers, but with no match-day income to offset outgoings, the club hierarchy are having a hard time juggling finances.

“Things will get better going forward because we have now lost some of the higher earners from the wage bill but the uncertainty over matters in Lithuania has hit us hard,” admitted a club source, who confirmed that the contracts of most of the outgoing players have now expired. “ Season-ticket sales are down on this time last year, meaning we will have to have another look at the budget for next season. I am sure we can raise the money due to HMRC within the necessary deadline and I would hope we can pay all the wages on the 16th but the honest truth is that without the fans buying more season tickets, I don’t think anyone at the club can guarantee that.”

Season-ticket sales have slumped by almost a third on last summer’s tally, leaving the club struggling to balance the books. But, with the taxman breathing down Hearts’ neck, outraged fans have demanded to know where the money has gone from tickets which have already been sold.

Some of it has already been swallowed up by last season’s deficit. While the board had warned of a projected £1.5m deficit, much of that was addressed by the share issue which raised £1.1m. But, the loss of Rangers from the SPL came after the budget had already been drawn up, resulting in a shortfall of around £300,000, which was compounded by the team’s subsequent lowly league placing. Having budgeted for a sixth-place finish, ending up in tenth left them approximately another £300,000 shy of pre-season calculations.

“Even towards the end of the season, attendances were higher than expected but there were discounted admission prices for several of those matches,” added the insider. “The fans have been brilliant and I can understand how the uncertainty has been unsettling but without more season-ticket sales now we have literally no money coming in.”

Season-ticket sales will help over the course of the campaign but it may not be the quick fix needed unless they are bought outright. A problem for the club is that many fans have subscribed to either the four-month or ten-month repayment plan with many still to pay their first instalment and several of those monthly payments as low as £30.

[greenlex]

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A bit more detail in the Scotsman article this morning

http://www.scotsman.com/news/hearts-...ssed-1-2953713

Thats fairly cheered me up this morning.

[ColintonHibs]

Big team

[Mon Dieu4]

That scotsman article would suggest that £100K just got alot higher, £100k within 6 days now and who knows how high the wage bill with bonuses etc will be, Im guessing a whole lot more than £100k

The wages are due on the 16th and is that not when the Lithuanians have the bankruptcy meeting too? that means that with the assets still frozen not alot can be done

i genuinely can't see how the can get out of this

[Col2]

It's a cracker of an article. The begging bowl has just got up a level of intensity. Just wait for lots of allisbarry stories this week to convince fans to stump up. I love the last bit about many are paying as low as £30 per month instalments so no guarantee a season ticket purchase helps in short term!!!!

That's the danger of hand to mouth cash flow issues!!

[Barney McGrew]

It's pretty clear their only chance is that they punt more seasons before the seven day deadline to HMRC.

If they somehow manage that, they've got another week to find the wages money or they'll get another signing ban from the SFA/SPL.

And if they somehow manage to pay that, how are they going to pay July's wages with no income?

[poolman]

Increased PAYE bill

PAYE is not a bill

[1two]

"I can't see them getting out of this one" is the most over-used phrase on hibs.net

[ScottB]

They speak like May's extra expense was a surprise to them, which wouldn't be a surprise in the grand scheme of their mess.

Probably was a big bill though, I recall when they were struggling to pay their players that they stated all bonus money wouldn't be paid till seasons end, so assuming they coughed up the lot it could well have emptied their biscuit tin.

As they are behind on their tax payments, surely that means a transfer ban should be put in place now?

[patch1875]

It's looking grim for them,spending season ticket money on debt what does that leave them to survive on. All they will have left is match day income....shame

[PapillonVert]

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It's pretty clear their only chance is that they punt more seasons before the seven day deadline to HMRC.

If they somehow manage that, they've got another week to find the wages money or they'll get another signing ban from the SFA/SPL.

And if they somehow manage to pay that, how are they going to pay July's wages with no income?

Not forgetting the next instalment of PAYE/NIC which will be due from the June payroll.

The ovens are going to be working overtime in the Great Jambo Summer Bake-off.

[Www1875hfc]

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Big team

BIG debt......Massive disappointment ......

[easty]

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"I can't see them getting out of this one" is the most over-used phrase on hibs.net

Aye, that or 'spoony has the heart of a mouse'...not really sure how that one came about, but it's definitely stuck.

[bingo70]

The SPL have got to be asking questions now? Seems certain we're going to have another summer like last year.

[Barman Stanton]

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A bit more detail in the Scotsman article this morning

http://www.scotsman.com/news/hearts-...ssed-1-2953713

They are admitting that they can't guarantee to pay wages on that interview. Dont the SPL need confirmation that wages will be paid?

[YehButNoBut]

How many times can they pass the begging bowl round the most gullible fans in football.

If they had any backbone they would have kicked Romanov Jr & Fedotovas all the way back to Lithuania, how they let these 2 have anything to do with their club anymore is unbelievable.


Funny for us Hibees though.

[EdinMike]

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The SPL have got to be asking questions now? Seems certain we're going to have another summer like last year.

Good, hope we do. Bunch of incompetent muppets. And not dealing with this fiasco which anyone with some sort of intelligence saw coming, they might be punted !

[Mikey]

Didn't we come to the conclusion that this HMRC payment is a monthly event, and if they're struggling to pay this one how on earth are they going to stump up for the next one?

And..... I haven't had a look over the road, but as the source is a "club insider" they'll just dismiss it as anti Hearts propaganda.