Share Transfers Agreed/Cooling off period

[Milandinho]

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Have heard, albeit third hand, that a consortium is progressing in a take over but accounts from three months and before have vanished. Probably nonsense but wouldn't be a great surprise.

Can anyone buy the vermin? I thought all vlads assets are frozen?

[Leishy1995]

The sun reporting it would take a miracle to pay today...

[Ozyhibby]

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They'll file a winding up petition with the court, but that still gives them a couple of weeks to pay before it would be heard. We've been at this stage many times before.

If it gets that far then their original deal to pay the £1.5m over 3 years becomes invalid as a condition of that deal was that all other taxes were to be paid on time.

[Green Fish]

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Can anyone buy the vermin? I thought all vlads assets are frozen?

Unsure mate but some of the more credible followers of them that I know seem a bit more optimistic of late. Who knows?

[Heisenberg]

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The sun reporting it would take a miracle to pay today...

They still reckon they'll pay it before it reaches court. They will wait till the very last day/few hours of the last deadline before squirming out of it again.

[Leishy1995]

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They still reckon they'll pay it before it reaches court. They will wait till the very last day/few hours of the last deadline before squirming out of it again.

If they do that gives incentive to other clubs in this country. set a precedent with them!

[Andy74]

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If it gets that far then their original deal to pay the £1.5m over 3 years becomes invalid as a condition of that deal was that all other taxes were to be paid on time.

That was my thinking too - the winding up order would be for this plus the remainder of the £1.5 million surely and there would be no chance of paying that.

[Glesgahibby]

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Again, this "takeover".

Can't happen. Nothing can be sold.

Is it possible they won't pay this to force administration?
Could it be that no one at the yams has the authority(balls)to file for administration?
Something has to give because there is no way they can function for the amount
of time it will take for the ubig/ukio situation to be sorted.
They are up ***** creak and administration must be the only paddle available
The good thing is that paddle is made of papermashie

[EdinMike]

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That was my thinking too - the winding up order would be for this plus the remainder of the £1.5 million surely and there would be no chance of paying that.

With them being late with this PAYE I'm surprised HMRC aren't pushing them for that £1.5 million bill now. Probably because they know they won't get it. HMRC are playing this game the right way I think. Bleed as much money as you can before the bubble pops.

[hibs0666]

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Unsure mate but some of the more credible followers of them that I know seem a bit more optimistic of late. Who knows?

They have to be optimistic. Any sort of realistic outcome would see them facing oblivion. I remember the good old days of uber-optimism when they only owed money to themselves, were going to build a 50,000 seated stadium, were signing World Cup stars and were going to be Champions League winners within three years.

[Treadstone]

Barry has received his copy early from Fedupofus.

Barry Anderson ‏@BarryAnderson_831m
#Hearts should be able to pay £100,000 PAYE bill before it reaches court. No guarantee of payment by today's 5pm deadline. See EN. #HMFC

[Aldo]

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Have heard, albeit third hand, that a consortium is progressing in a take over but accounts from three months and before have vanished. Probably nonsense but wouldn't be a great surprise.

Assets etc are currently frozen by the powers that be in Lith land are they not?? If this is the case then surely nothing can happen till its all sorted?

[Andy74]

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Barry has received his copy early from Fedupofus.

Barry Anderson ‏@BarryAnderson_831m
#Hearts should be able to pay £100,000 PAYE bill before it reaches court. No guarantee of payment by today's 5pm deadline. See EN. #HMFC

Then the money really is all gone and it will just be handed in once more tickets are sold. Can't see there being any wages or anything else paid for after this.

[Glesgahibby]

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Barry has received his copy early from Fedupofus.

Barry Anderson ‏@BarryAnderson_831m
#Hearts should be able to pay £100,000 PAYE bill before it reaches court. No guarantee of payment by today's 5pm deadline. See EN. #HMFC

Surely if not paid by 5pm today then all other tax arrears come into play.
I would also assume sfa/spl financial rules would come into play.

[Aldo]

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Then the money really is all gone and it will just be handed in once more tickets are sold. Can't see there being any wages or anything else paid for after this.

Please let it be.. But remember one thing Andy.... We've seen this all before and they usually just scrap out of it.

Hopefully the start of the domino effect and things start to tumble.

Hope the powers that be in the SPL are watching?

A week or so till pay day as well!

[Aldo]

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Surely if not paid by 5pm today then all other tax arrears come into play.
I would also assume sfa/spl financial rules would come into play.

We'll see. The SPL will of hopefully grown a backbone.

[YehButNoBut]

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Please let it be.. But remember one thing Andy.... We've seen this all before and they usually just scrap out of it.

Hopefully the start of the domino effect and things start to tumble.

Hope the powers that be in the SPL are watching?

A week or so till pay day as well!

Will their wages not be due this Friday as pay day is 16th which is Sunday so should be in the bank on Friday, fat chance of that.

[Treadstone]

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Then the money really is all gone and it will just be handed in once more tickets are sold. Can't see there being any wages or anything else paid for after this.

Consider the source Andy. Barry doing their PR(!) or whatever they call it for them. As has been said before regarding this issue it looks as though its to get as many hold backs to purchase season tickets etc.

[Geo_1875]

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Barry has received his copy early from Fedupofus.

Barry Anderson ‏@BarryAnderson_831m
#Hearts should be able to pay £100,000 PAYE bill before it reaches court. No guarantee of payment by today's 5pm deadline. See EN. #HMFC

That doesn't make sense. If it's not paid by close today it goes to court.

[Aldo]

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Will their wages not be due this Friday as pay day is 16th which is Sunday so should be in the bank on Friday, fat chance of that.

Who knows mate. Nothing is straight forward with them involved. Just adds to their woes.

[Jack]

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Barry has received his copy early from Fedupofus.

Barry Anderson ‏@BarryAnderson_831m
#Hearts should be able to pay £100,000 PAYE bill before it reaches court. No guarantee of payment by today's 5pm deadline. See EN. #HMFC

Correct me if I’m wrong. The £1.5m tax bill court case went through on the nod because they couldn’t afford anyone to present their case in whatever court it was. I seem to recall them saying its no fair and all that and dropping their challenge at the last minute having previously said it wasn’t due.

I’ve since heard that their accountants have had trouble getting the monies due which may explain the continuing delays there.

When does the reaching court bit happen? A trend of not being able to remain pally with these sorts of professions and an unwillingness or inability to stump up on time suggests to me their next court case could be their last one.

Here's hoping anyway.

[HFC 0-7]

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That doesn't make sense. If it's not paid by close today it goes to court.

It will be a few weeks before it actually goes to court, by which time the plums will have bought any story coming out of tynecastle about World Cup stars, champions league holders and mega stands and will have handed over cash to pay this bill.

[Peevemor]

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Then the money really is all gone and it will just be handed in once more tickets are sold. Can't see there being any wages or anything else paid for after this.

Given that they have wages to pay in a weeks time, they'll probably be saving their pennies for that then hope any other money coming in thereafter will be enough to pay make the £100k tax payment before any winding up order is enforced.

[Cabbage East]

Those mutants really have to spin lots of plates these days eh?

[Gus Fring]

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Given that they have wages to pay in a weeks time, they'll probably be saving their pennies for that then hope any other money coming in thereafter will be enough to pay make the £100k tax payment before any winding up order is enforced.

The Tax bill will be of the highest of priorities, the wages won't be paid in full if it comes to it as that will only result in a transfer embargo and possible points deduction. Not paying the tax bill could result in their death.

[Pretty Boy]

Even if they do squirm out of the current mess, it doesn't annoy me as it once did.

It annoyed me when it led to a.clear onfield advantage at ours and others expense. Now they have the squad they deserve and will struggle next year regardless.

If they limp on for a few more weeks/months until events in Lith catch up with them then I don't really care.

[CallumLaidlaw]

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Surely if not paid by 5pm today then all other tax arrears come into play.
I would also assume sfa/spl financial rules would come into play.

Kenny Millar who wrote the sun story this morning reckons as long as its paid before the court hearing then the SPL won't get involved.

[Lmc2105]

its ridiculous they agreed a payment plan last year it starts and they cant pay it. HMRC should throw the book at them and demand the whole 1.5M upfront.

[hibs0666]

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its ridiculous they agreed a payment plan last year it starts and they cant pay it. HMRC should throw the book at them and demand the whole 1.5M upfront.

To make it even more ridiculous the yaks managed to get a massive one month into the tax repayment plan before messing up again.

Their time is almost up, it's just a question of who administers the lethal injection.

[Lmc2105]

there wages are due on friday IF they pay the bill they won't be able to pay wages then the SPL will have to get involved