Share Transfers Agreed/Cooling off period

[Hexham Hibee]

I see they won't be signing Papiss Cisse! He has threatened to stop playing for Newcastle cos of their Wonga sponsorship. Therefore since the yams have sold their soul to a bunch of payday loan leeches he won't be coming. Pity cos his wages would have sunk them completely.

[Waxy]

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I see they won't be signing Papiss Cisse! He has threatened to stop playing for Newcastle cos of their Wonga sponsorship. Therefore since the yams have sold their soul to a bunch of payday loan leeches he won't be coming. Pity cos his wages would have sunk them completely.

Wonder if thats how they got the UKIO loan.
Vlad goes up to them and says(in ruskian) "sliderski......that's how we rollski at ukio" "justa tell howa mucha you wantska and how long you wantska it for"

[Dashing Bob S]

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I genuinely don't think they will make it to tge start of the season and I don't think any new zombie Hearts will be up and running by then either.
There will be a new Hearts start up, but not till 2014 and renting a stadium.

I think that seems to be the most likely scenario. I'd question whether they can get it all done to make the 2014-15 season though, tbh.

[PapillonVert]

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Just get the feeling they will somehow worm their way out of all this, they are jammy buggers.

This is my view also.

It's hard to keep up with all the ins and outs but somehow I am wondering if they can still keep going or somehow persuade the Lithuanian administrators/liquidators that there is nothing in Scotland worth very much and so better to just sell off the whole kit and kiboodle to FoH for a song.

Some MP disingenuously telling the Lithuanians that the land on which Tynie is built would never get pp for development and so is basically worthless......bla bla bla and so an offer of peanuts is the best you'll get..

I worry that they will come out of this smelling of roses. Cheats.

[Waxy]

They cheated their way into debt,they'll cheat their way out.
People in charge of their destiny could have financial gain by keeping them alive.
Another injustice will probably be done and we will be cursing them for getting away with it.
I hope i'm wrong.i usually am.

[Springbank]

[QUOTE=kennyh;3638833]

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It would be fun to watch FoH splinter and splinter and splinter again as hearts onfield fortunes deteriorate as the 400000 becomes 4000.

I wonder how many of the 4000 fans that FoH claim have pledged to be willing to support them are from genuine pledges from ****s and how many were Hibees who took time out to pledge their support to such a worthy cause ??

Ahh spot on. This could be better than I first thought!

I really really want them to suffer a fate of their own making.

No martyrs, no one else to blame (not the spl or other clubs)

It's all been self inflicted so I want to gub them at Easter road as they wither on the vine, slowly

[Prof. Shaggy]

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They cheated their way into debt,they'll cheat their way out.
People in charge of their destiny could have financial gain by keeping them alive.
Another injustice will probably be done and we will be cursing them for getting away with it.
I hope i'm wrong.i usually am.

I don't know if the Ukio Bankas Admin/Liquidator has the power to force the sale of HMFC given the apparent freeze on UBIG assets.
I presume the sale "as a going concern" would mean the purchasers accepting the debts to HMRC and the UBIG.

If we assume that the UBIG admins accept £3-5M in settlement of the £15M owed to them, what happens when UBIG finally goes into admin in a few days time. Does HMFC get sold again to settle the £10M debt owed to UBIG? Or is the final piece in the escape plan for HMFC then to go into admin and then work the CVA trick?

I never figured out the final scene of The Sting.

[WhileTheChief..]

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This is my view also.

It's hard to keep up with all the ins and outs but somehow I am wondering if they can still keep going or somehow persuade the Lithuanian administrators/liquidators that there is nothing in Scotland worth very much and so better to just sell off the whole kit and kiboodle to FoH for a song.

Some MP disingenuously telling the Lithuanians that the land on which Tynie is built would never get pp for development and so is basically worthless......bla bla bla and so an offer of peanuts is the best you'll get..

I worry that they will come out of this smelling of roses. Cheats.

Not gonna happen, don't worry!!

Best case scenario - FOH can buy the club and Tynie completely debt free for £1, (hell the Liths could even pay them a few bob to get rid).

You then have a club with next to zero income for the coming year with operating costs of several million. No amount of cake baking or kiddy on pledges is gonna save them.

You only have to look at earlier posts to see that their squad for next year is already rooked.

And this is the best it could be. But it won't happen.So again, don't worry!!

[tomf]

Like every Hibs fan I have been angered by the cheating cup final victory referee, the back-dated red cards that they have escaped against us, the goal that everyone but the officials saw and the systematic cheating that has occured by playing players they patently couldn't afford. I am dumbfounded that they have the support of members of pariament, councilors and the SPL all of whom seem to feel their loyalty to the ****bos over-rides their democratic duty to voters and other fans and any sense of fair play or justice. The rules appear to be being bent to keep them alive and safe and financial reality seems to have been suspended on their behalf. All I can say is that, even if they get away with this, they can't change the laws of physics. If they do survive then, sooner or later, they will have to play a team they can afford and, in the long run, that will be the best outcome for Hibs. We can play them off the park to be honest. I want rid of cheats but if they stick around I am happy to see them beaten. I was at the 0-7 game and that was a decent ****bo squad; the lot they have now aren't a patch on the present Hibs team. I'm proud that Hibs have the moral high ground. They can keep their tarnished trophies and their gloating. If Hibs were involved with the kind of criminal activity that has passed for financial management at Tynecastle I would be ashamed; all of which brings me to my point...Whilst I am disappointed at the tone of the statement by the Lithuanian administrators that they will seek to protect the ****bos and sell them as a going concern I do note that, if that statement is true, it would be a first for anyone associated with that lot recently so the chances are it won't turn out exactly as they might hope, if I was them, I certainly wouldn't be cheering just yet. Rangers were lucky enough to have a decent part of the season and a close season to get themselves organised after their disaster and they only just managed it. Whilst the ****bos survive each day at the moment it means less time to retrieve the situation when things finally come to a head...which they most definitely will. In all honesty, I still believe they are doomed to extinction but, if not, they can either go the way of Rangers (without the assets or the support that is very unlikely) or Dunfermline (where it is more likely that they would drop through the leagues as financial reality kicks in) and they are unlikely to find it an easy route back. Apologies for the length of this post but I can assure you this is the edited version.

[Crazyhorse]

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This is my view also.

It's hard to keep up with all the ins and outs but somehow I am wondering if they can still keep going or somehow persuade the Lithuanian administrators/liquidators that there is nothing in Scotland worth very much and so better to just sell off the whole kit and kiboodle to FoH for a song.

Some MP disingenuously telling the Lithuanians that the land on which Tynie is built would never get pp for development and so is basically worthless......bla bla bla and so an offer of peanuts is the best you'll get..

I worry that they will come out of this smelling of roses. Cheats.

Is it not more likely that their fate will be something similar to Livingston's when they went down the tubes several years ago? They still exist, still have a fan base, but are a much weaker team than they were when they were running up the debts.

[Ozyhibby]

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Is it not more likely that their fate will be something similar to Livingston's when they went down the tubes several years ago? They still exist, still have a fan base, but are a much weaker team than they were when they were running up the debts.

Possibly, but with no stadium.

[HibeeMG]

Just a point to note for people who think they might get away scot free. If, by some miracle, they come away with the club and stadium in their ownership and with no debt..... what do you think will happen with the stadium?

The stadium's safety certificate will surely not be granted unless some major reconstruction happens to the main stand. We're not talking about a few tins of white paint for health and safety reasons here. The whole thing will need to be pulled down and rebuilt.

They could of course play in a stadium with three stands. That would hit them financially also.

[sven nil]

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I'm getting a wee bit obsessed watching this Jamie guy on twitter now, how is he able to get answers out of Barry and the rest of us can't? He's just spent the last hour getting quizzed by the sickback account. His latest answer nearly made me choke on the pastille I was eating

JambosKickback @jamb0skickback


@TheJamieRyan Do you know the name of the UBiG director named on request for insolvency in Lithuania?


His replies


Jamie Ryan @TheJamieRyan


@jamb0skickback It was either Rita Matūzienė or Paedophilius Convictedov? I always forget which one. I'll go with Rita


Jamie Ryan @TheJamieRyan


@jamb0skickback Next question please. This time I'll take "arbitrary questions about Hearts" for 500 please Alex.

surely if ts anything to do with hearts it must be this one!

[calumhibee1]

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Just a point to note for people who think they might get away scot free. If, by some miracle, they come away with the club and stadium in their ownership and with no debt..... what do you think will happen with the stadium?

The stadium's safety certificate will surely not be granted unless some major reconstruction happens to the main stand. We're not talking about a few tins of white paint for health and safety reasons here. The whole thing will need to be pulled down and rebuilt.They could of course play in a stadium with three stands. That would hit them financially also.

Why will it not? I know why it shouldn't, however it gets one every other year, so why is it not going to get one now?

[bingo70]

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Why will it not? I know why it shouldn't, however it gets one every other year, so why is it not going to get one now?

I'm sure you're right but the council did say in that report when trying to justify building them a.new stadium that it wouldn't get safety certificate for much longer.

[Leithenhibby]

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Why will it not? I know why it shouldn't, however it gets one every other year, so why is it not going to get one now?

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I'm sure you're right but the council did say in that report when trying to justify building them a.new stadium that it wouldn't get safety certificate for much longer.

I've also been informed that it cost £300,000 pa, just to insure that thing................

[JeMeSouviens]

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I'm sure you're right but the council did say in that report when trying to justify building them a.new stadium that it wouldn't get safety certificate for much longer.

They've been saying that since the mid-90s!

[The Leith Dutch]

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Why will it not? I know why it shouldn't, however it gets one every other year, so why is it not going to get one now?

Which raises the spectre of the puddle drinkers on Edinburgh Council becoming involved and somehow ensuring their beloved club survives.

At least the Tram fiasco should ensure they don't have enough cash to try to pull some kind of "we're buying the PBS for the city" crap.....

[ScottB]

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Which raises the spectre of the puddle drinkers on Edinburgh Council becoming involved and somehow ensuring their beloved club survives.

At least the Tram fiasco should ensure they don't have enough cash to try to pull some kind of "we're buying the PBS for the city" crap.....

They'd have to find the money from somewhere, and the only thing they haven't been cutting so far is their own pay checks... Can't think they'll be that committed to the Yam cause!

[greenpaper55]

I thought Ukio only owned 29% of Hearts shares so how come their administrator gets to decide to keep the cheats in business ?.

[Jim44]

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I'm sure you're right but the council did say in that report when trying to justify building them a.new stadium that it wouldn't get safety certificate for much longer.

Goalposts change to suit political will and, if and when the Jambos weather the storm, I'm sure the council will revert to a policy of protecting their favourite sporting child and turn a blind eye to the inadequacies of the PBS. The least they will do is facilitate the renovations.

[Leithenhibby]

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I thought Ukio only owned 29% of Hearts shares so how come their administrator gets to decide to keep the cheats in business ?.

I don't think they do!!........

Ukio will have to put UBIG into administration, before they can get to "that mob" ............

[Leithenhibby]

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Goalposts change to suit political will and, if and when the Jambos weather the storm, I'm sure the council will revert to a policy of protecting their favourite sporting child and turn a blind eye to the inadequacies of the PBS. The least they will do is facilitate the renovations.

I can't see that happening any time soon............

Edinburgh would go "ape-****"

[brydekirk]

Can anybody find out when the stadium safety certificate runs out ?

[YehButNoBut]

Came across this, posted on Scotsman forum, thought it might interest a few.

Looks like a copy the legal paperwork confirming that Tynecastle has been pawned for £6.8 million to Ukio, I always thought it was UBIG who owned Tynie.

Can't see anyway FOH will get this on the cheap.

http://www.scribd.com/doc/116814601/Hearts-466-06-12-12

[jgl07]

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Can anybody find out when the stadium safety certificate runs out ?

1995!

[Treadstone]

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Can anybody find out when the stadium safety certificate runs out ?

1985

[Treadstone]

Wonder what nonsense Barry will spout today ?

[Part/Time Supporter]

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Came across this, posted on Scotsman forum, thought it might interest a few.

Looks like a copy the legal paperwork confirming that Tynecastle has been pawned for £6.8 million to Ukio, I always thought it was UBIG who owned Tynie.

Can't see anyway FOH will get this on the cheap.

http://www.scribd.com/doc/116814601/Hearts-466-06-12-12

That is not a transfer of ownership - Hearts own the PBS. The document transferred the security (the PBS and any other HMFC assets) over the debt from UBIG to Ukio. UBIG used to be the secured lender to HMFC but they transferred that status to Ukio last year when they were trying to shore up Ukio's balance sheet, in a failed attempt to keep it out of bankruptcy.

[Gus Fring]

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I thought Ukio only owned 29% of Hearts shares so how come their administrator gets to decide to keep the cheats in business ?.

UKIO don't own any of Hearts at the moment. They only get 29% shareholding and Tynecastle when the debt is called in.

As it stands, Hearts still own the Stadium and UKIO have nothing, therefore he only has a say in what happens with their debt, not with the overall sale of the club.

Even if UKIO call in the security and gain a claim to the 29% I don't think that's enough to trigger a sale anyway. It just means they are entitled to 29% of whatever the club eventually sells for.