Share Transfers Agreed/Cooling off period

[YehButNoBut]

They have obviously spent all the season ticket money collected so far so have nothing left to pay for this tax bill & wages in June, July & August unless they get more season tickets sold.

Think those who have not re-newed their season ticket are worried the money disappears down some black hole, there is no way out of this for them it's just a case of when not if they go t*t's up.

[brydekirk]

Come the 17th june they should be relagated and made to ground share wi Livi.
If they can afford it, that is.

[Mikey]

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Come the 17th june they should be relagated and made to ground share wi Livi.
If they can afford it, that is.

They certainly shouldn't be allowed to start the SPL season if the other 11 teams don't think they can complete it.

There's no point in asking Hearts for assurances as they'll just lie.

[God Petrie]

What a farce. They can't keep expecting us to help pay the tax man. Pinilla owes us big time, can he not give us £100k?

Kickback is pretty great at the moment.

[#FromTheCapital]

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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.

The time for them to do this would of been years ago, but they opted to take it up the ass enjoying small success along the way (although nowhere near as much as the money should/could of brought them). Now they have no option but to sit back and watch events unfold, chucking in their spare pocket money in every now and then to keep the charade going a little while longer. This is payback... **** the Hearts

[Peevemor]

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They have obviously spent all the season ticket money collected so far so have nothing left to pay for this tax bill & wages in June, July & August unless they get more season tickets sold.

Think those who have not re-newed their season ticket are worried the money disappears down some black hole, there is no way out of this for them it's just a case of when not if they go t*t's up.

They're saying that the problem is that they haven't received all the ST money due to people paying in installments. This is unusual given that the finance company would ordinarily pay the club the full amount for each ticket sold then in turn recover the money (hence finance charges).

Either Hearts are telling porkies (again) or the finace company, worried that Hearts are going to go tits up (and people stop paying their installments), have shifted the goalposts.

[God Petrie]

Read the thread over there about this latest tax bill - they're arguing about the legacy of 5-1. They're close but the penny hasn't quite fully dropped. Hehe.

[Craig_in_Prague]

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They certainly shouldn't be allowed to start the SPL season if the other 11 teams don't think they can complete it.

There's no point in asking Hearts for assurances as they'll just lie.

They still keep throwing in the "we are nearing being self sufficient" line, Yet, there are immediate payments due and late - and they admit they are living basically month to month.

Clearly the directors are trying to milk them for as much as they can until the game is over. Good for HMRC and good for them, I guess. The cash looks like it will completely dry up though and if they make the start of the season without administration I will be really surprised.
It's sad enough there was no toys under xmas trees down gorgie way last year, now the poor wee lambs won't have a summer holiday :-(

Pleasing.

[green glory]

If, and it's a big if, they make it to next season. I'm very much looking forward to Hibs making a mockery of them on the park.

[#FromTheCapital]

SPL investigating Wilson transfer according to the Daily ****** http://www.dailyrecord.co.uk/sport/f...-danny-1932465

[7062]

As somebody previously touched on. Should they not be deducting PAYE/NI from the gross wage amounts and just giving it to the tax man? Does 'getting hit with a bill' suggest they're spending the PAYE money on other things?

(Might be a daft question.)

[Kato]

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Read the thread over there about this latest tax bill - they're arguing about the legacy of 5-1. They're close but the penny hasn't quite fully dropped. Hehe.

They don't have a penny.

[#FromTheCapital]

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Read the thread over there about this latest tax bill - they're arguing about the legacy of 5-1. They're close but the penny hasn't quite fully dropped. Hehe.

Hilarious, they can't seem to get their heads around the fact that the 5-1 game is directly related to this mess their in.

[Caversham Green]

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As somebody previously touched on. Should they not be deducting PAYE/NI from the gross wage amounts and just giving it to the tax man? Does 'getting hit with a bill' suggest they're spending the PAYE money on other things?

(Might be a daft question.)

You're right, they wouldn't usually get a 'bill' for PAYE, they would calculate the amount themselves and pay the money over - which should be a routine part of their budget. There are a few odd things about this story though, I've already mentioned the due date for PAYE being the 19th/22nd of the month, not the 3rd as is being stated in the press and if the amount really includes bonuses for the season, £100,000 seems very low to me.

Something's not right but as always with that lot we're not getting the full picture.

[HIBERNIAN-0762]

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What a farce. They can't keep expecting us to help pay the tax man. Pinilla owes us big time, can he not give us £100k?

Kickback is pretty great at the moment.

I might be mistaken but I have the feeling the penny is dropping (very slowly mind you) with them over there, of course we all know about their plight but it really makes me laugh when they start quoting "that" game, wee team, hobbos, 1902 and all that guff, it seems that rather than get off they're arrogant lazy butts and do something about it they hide behind these silly quotes.

Very strange set of people I must say.

[greenginger]

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You're right, they wouldn't usually get a 'bill' for PAYE, they would calculate the amount themselves and pay the money over - which should be a routine part of their budget. There are a few odd things about this story though, I've already mentioned the due date for PAYE being the 19th/22nd of the month, not the 3rd as is being stated in the press and if the amount really includes bonuses for the season, £100,000 seems very low to me.

Something's not right but as always with that lot we're not getting the full picture.

May'be they did their return and paid an " amount " but thought they could get away with skimming the £ 100K off the top and make it up in later months ( never works )

Unfortunately for them Hector decides to do a spot check and finds the short payment and demands his cash.

Of course it might all be part of an advertising ploy to promote Wonga !

[Geo_1875]

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SPL investigating Wilson transfer according to the Daily ****** http://www.dailyrecord.co.uk/sport/f...-danny-1932465

"Wilson was paraded last week after leaving Liverpool and the 21-year-old admitted he sought assurances from the Hearts hierarchy over the club’s financial future before penning a deal.

Just over a week later it has, however, emerged there are fresh concerns the club could enter administration over the unpaid tax bill."

I can't believe they would have lied to him.

[SHODAN]

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"Wilson was paraded last week after leaving Liverpool and the 21-year-old admitted he sought assurances from the Hearts hierarchy over the club’s financial future before penning a deal.

Just over a week later it has, however, emerged there are fresh concerns the club could enter administration over the unpaid tax bill."

I can't believe they would have lied to him.

Could he have the right to cancel the contract himself then?

[JimBHibees]

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They're saying that the problem is that they haven't received all the ST money due to people paying in installments. This is unusual given that the finance company would ordinarily pay the club the full amount for each ticket sold then in turn recover the money (hence finance charges).

Either Hearts are telling porkies (again) or the finace company, worried that Hearts are going to go tits up (and people stop paying their installments), have shifted the goalposts.

Incredible that it seemed to say that some hadnt paid their first installment yet?

[Hermit Crab]

I take it they won't be signing goodwillie, Boyd or Wotherspoon then.............:D

[Part/Time Supporter]

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May'be they did their return and paid an " amount " but thought they could get away with skimming the £ 100K off the top and make it up in later months ( never works )

Unfortunately for them Hector decides to do a spot check and finds the short payment and demands his cash.

Of course it might all be part of an advertising ploy to promote Wonga !

Nah, because they need to report amounts due and paid to the SPL, and HMRC would have not given them any leeway if they were brazenly trying to scam them. I'm sticking by my "MSM muddling up PAYE and VAT" theory.

[DC_Hibs]

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"Wilson was paraded last week after leaving Liverpool and the 21-year-old admitted he sought assurances from the Hearts hierarchy over the club’s financial future before penning a deal.

Just over a week later it has, however, emerged there are fresh concerns the club could enter administration over the unpaid tax bill."

I can't believe they would have lied to him.

The Wilson "deal" would have been designed to continue the charade of business as usual in the hope that season ticket sales would rise as that's their only means of scraping by week to week.

I've no idea if they are raising enough to filter off some to the land of the Liths or its simply to cover the Lith's salaries but they are simply delaying the inevitable and if they are struggling now, they have no chance of fulfilling their obligations for 2013/14.

[JimBHibees]

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You're right, they wouldn't usually get a 'bill' for PAYE, they would calculate the amount themselves and pay the money over - which should be a routine part of their budget. There are a few odd things about this story though, I've already mentioned the due date for PAYE being the 19th/22nd of the month, not the 3rd as is being stated in the press and if the amount really includes bonuses for the season, £100,000 seems very low to me.

Something's not right but as always with that lot we're not getting the full picture.

I dont know they didnt win many games.

[green glory]

Poor old Vlad.

http://www.lithuaniatribune.com/4016...ced-201340166/

[brog]

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A bit more detail in the Scotsman article this morning

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

Great article, just a few thoughts.
1. Yams are "moving closer to being self sufficient". Again this contradicts the many statements previously that they are now self sufficient & I believe they gave that assurance to SPL at time of UBIG "non" liquidation.
2. As other posters have pointed out PAYE is a deduction from salaries due to HMRC. By using this money to pay other bills its effectively what was known as a "teeming & lading" fraud, or more correctly, theft!
3. The DR article today says "previously & without any help from Lithuania Hearts managed to deal with the issue". Presumably the Lith owners floating a share issue which raised £1mm doesn't count as help? The shares of course are like Brian Kerr, invisible but doing great work!

IMO the SPL must be close to acting now. The last thing they want is to have to throw Yams out after season plans, inc fixtures have been made. I think their comments re the DW transfer are first clear signs of discontent.

[CropleyWasGod]

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Nah, because they need to report amounts due and paid to the SPL, and HMRC would have not given them any leeway if they were brazenly trying to scam them. I'm sticking by my "MSM muddling up PAYE and VAT" theory.

Wouldn't work with VAT either. It's payable by the 7th these days.

My theory is that it was "something" that was due by the 1st of the month. The 1st was Saturday, hence the first business day was Monday.

Other than that, I am scoobied.

[brog]

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Poor old Vlad.

http://www.lithuaniatribune.com/4016...ced-201340166/

I see his stroke has now turned into a heart attack, I think Vlad's pulled another stroke was lost in translation!

[CropleyWasGod]

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Could he have the right to cancel the contract himself then?

What contract? He can only sign for Hearts when his current deal with Liverpool ends.

[s.a.m]

The people who know about these things have pointed out that knowingly trading while insolvent is an offence. Is there a point when somebody decides that this is happening? If so, who would the 'somebody' be, and what would be the catalyst for this, and the process?

[#FromTheCapital]

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Poor old Vlad.

http://www.lithuaniatribune.com/4016...ced-201340166/

"Romanov’s spokesperson informed that Romanov suffered from a heart attack in Moscow and was in hospital."

Thought it was meant to be a stroke he suffered from?

Hope they catch up with 'Mr Romanov' soon, I think it'll be very interesting to hear exactly what went on with him over the years. Crook