Share Transfers Agreed/Cooling off period

[Part/Time Supporter]

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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.

What would simplify the picture quite a bit is if/when UBIG enters formal insolvency, if the same guy is appointed to adminster its break-up as has been appointed for Ukio. In that case any buyer would only be dealing with one person/organisation controlling the disposal of Hearts.

[heretoday]

I think it's time for Sir Tom to step in and take them over. He could hold a press conference wearing a Wallace Mercer mask!

[JeMeSouviens]

Skint!

http://www.heartsfc.co.uk/articles/2...241384_3208756

[Gus Fring]

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What would simplify the picture quite a bit is if/when UBIG enters formal insolvency, if the same guy is appointed to adminster its break-up as has been appointed for Ukio. In that case any buyer would only be dealing with one person/organisation controlling the disposal of Hearts.

Maybe he knows something the rest of us don't.

[SandyK]

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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.

Sorry, gotta reply to this beazer of a post:

All this from your team full of loanees who you can't afford, including a player who has single-handedly kept you in the SPL for two seasons in a row. And the wages you are paying that you can't afford also? If you take one glance at your year end accounts you will see that where you're leaking money. It's borrowed money, A DEBT!

Hearts aren't a patch on the present Hibs team!? When you are without your only player, a player who scored 23 league goals yet you still managed to almost end up in a relegation fight - certainly showed relegation form from Xmas onwards. Hearts have a poor squad now, but it is still on par with the Hibs squad.

Open your eyes gents and ladies - you, and the vast majority of SPL clubs, are just one click away from being in a financial predicament that puts your very exisistance in danger. Until you are making money (not losing it as Hibs are) come back and give me your fake moral high ground. Vlad was idiotic with his approach to running Hearts, and we are where we are. We'll ride this out - may even come back stronger - we'll just have to wait and see won't we.

One team in Edinburgh???

YOU WISH!!

[HH81]

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Sorry, gotta reply to this beazer of a post:

All this from your team full of loanees who you can't afford, including a player who has single-handedly kept you in the SPL for two seasons in a row. And the wages you are paying that you can't afford also? If you take one glance at your year end accounts you will see that where you're leaking money. It's borrowed money, A DEBT!

Hearts aren't a patch on the present Hibs team!? When you are without your only player, a player who scored 23 league goals yet you still managed to almost end up in a relegation fight - certainly showed relegation form from Xmas onwards. Hearts have a poor squad now, but it is still on par with the Hibs squad.

Open your eyes gents and ladies - you, and the vast majority of SPL clubs, are just one click away from being in a financial predicament that puts your very exisistance in danger. Until you are making money (not losing it as Hibs are) come back and give me your fake moral high ground. Vlad was idiotic with his approach to running Hearts, and we are where we are. We'll ride this out - may even come back stronger - we'll just have to wait and see won't we.

One team in Edinburgh???

YOU WISH!!

http://www.heartsfc.co.uk/articles/2...241384_3208756

Have a nice day

[Alex Trager]

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Skint!

http://www.heartsfc.co.uk/articles/2...241384_3208756

Maybe we could take advantage of this and take a few of their 'promising' players

[DaveF]

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Skint!

http://www.heartsfc.co.uk/articles/2...241384_3208756

Not sure how the SPL can remotely think Hearts will make the start of next season never mind go right the way through it after reading that statement. Unless it's another 'cry wolf' story they have published, even to the daftest of daft merrick's that statement spells 'The End'.

[FriendofDurutti]

Have you looked at your own club's website today?

[dangermouse]

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Skint!

http://www.heartsfc.co.uk/articles/2...241384_3208756

That's what you call a begging letter They are well and truly up the creek and as has been posted earlier without a canoe let alone the paddle.

If that doesn't stir the support onto action nothing will. I can't believe they [the supporters] let it get so bad without doing anything.

[#FromTheCapital]

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Skint!

http://www.heartsfc.co.uk/articles/2...241384_3208756

That was quite good reading i must say!

"the club will consider offers for the players of the current squad, including the most promising talent"

Here we go again with the best youngsters scotland has ever seen

[dangermouse]

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Have you looked at your own club's website today?

Yes

[SandyK]

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Have you looked at your own club's website today?

Of course - but one of my points was that you, and other SPL clubs seriously need to be looking over you shoulders. All is NOT rosy there.

Your debt increases, day by day. You can't claim one team is 'cheating' by borrowing money to pay for players, when yours is doing exactly the same!

Hearts will survive - in one form or another.

[RoxburghHibs]

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Yes

S

So does this latest announcement end their interest in signing Danny Wilson?

[1875er]

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We'll ride this out - may even come back stronger - we'll just have to wait and see won't we.

ha ha ha ha admins can we keep this one please..

[SurferRosa]

BAnderson taking the credit for " breaking " the story....oh ma sides!

" Evening News Sport ‏@edinburghsport
Hearts statement follows our story saying much of season ticket revenue has already been spent by @BarryAnderson_8 http://bit.ly/1941Sve "

[Alex Trager]

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Sorry, gotta reply to this beazer of a post:

All this from your team full of loanees who you can't afford, including a player who has single-handedly kept you in the SPL for two seasons in a row. And the wages you are paying that you can't afford also? If you take one glance at your year end accounts you will see that where you're leaking money. It's borrowed money, A DEBT!

Hearts aren't a patch on the present Hibs team!? When you are without your only player, a player who scored 23 league goals yet you still managed to almost end up in a relegation fight - certainly showed relegation form from Xmas onwards. Hearts have a poor squad now, but it is still on par with the Hibs squad.

Open your eyes gents and ladies - you, and the vast majority of SPL clubs, are just one click away from being in a financial predicament that puts your very exisistance in danger. Until you are making money (not losing it as Hibs are) come back and give me your fake moral high ground. Vlad was idiotic with his approach to running Hearts, and we are where we are. We'll ride this out - may even come back stronger - we'll just have to wait and see won't we.

One team in Edinburgh???

YOU WISH!!

This is a beazer of a post.

Some of the things you suggest in this post are utterly moronic. Tell me, in fact tell us all, how it is Hibs nearly ended up in a 'relegation fight'

You need to realise that the finance for your club is solely from people like you, I'd imagine at least, the supporters. And it is seeming like they have started to realise they are plunging money into a dying company. They'd be as well throwing their money down the toilet.

The fact you suggest hearts may come out this stronger is my favourite bit, I do t think you realise just how much trouble your club is actually in. You should have a serious look. Clutching at straws saying we are in unmanageable debt is also funny.

All in all I'd say you're funny

[weecounty hibby]

[QUOTE=SandyK;3639732]Sorry, gotta reply to this beazer of a post:

All this from your team full of loanees who you can't afford, including a player who has single-handedly kept you in the SPL for two seasons in a row. And the wages you are paying that you can't afford also? If you take one glance at your year end accounts you will see that where you're leaking money. It's borrowed money, A DEBT!
Take your head out of your arse for a minute and you will see that sustainable debt/losses are soooooo different to unsustainable pie in the sky dreaming or as the authorities seem to suggest, money laundering. You will see that your pathetic, immoral, cheating, ****my little club are **** all like my well run, all above board, good for the community club. Oh and we wouldn't put up with convicted child sex offenders either. Lowest of the low!!!!

AS YOU SAY.......YOU WISH!!

[Platinum Scotty]

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That was quite good reading i must say!

"the club will consider offers for the players of the current squad, including the most promising talent"

Here we go again with the best youngsters scotland has ever seen

I thought the second paragraph was more telling and surely one for the SFA/SPL to pick up on..

They claimed previously they are self sufficient and havent needed Lith dosh for @18 months, and then this article then advises that due to "unexpected circumstances away from Tynecastle there is now a shortfall in funding"..................

so, they admit they are lying b'stads!

[Alex Trager]

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Of course - but one of my points was that you, and other SPL clubs seriously need to be looking over you shoulders. All is NOT rosy there.

Your debt increases, day by day. You can't claim one team is 'cheating' by borrowing money to pay for players, when yours is doing exactly the same!

Hearts will survive - in one form or another.

We claim hearts are cheating by NOT paying their players.

[JeMeSouviens]

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Sorry, gotta reply to this beazer of a post:

blah, blah, yadda, yadda

Oh dearie me, poor Sandy.

Hearts *had* a poor squad, then most of the decent bits left ... and the rest has just been put up for sale. You're in for a hell of a ride.

[s.a.m]

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Yes

[bingo70]

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Of course - but one of my points was that you, and other SPL clubs seriously need to be looking over you shoulders. All is NOT rosy there.

Your debt increases, day by day. You can't claim one team is 'cheating' by borrowing money to pay for players, when yours is doing exactly the same!

Hearts will survive - in one form or another.

Having debt isn't cheating, racking up a debt with no intention to ever pay it back is IMO.

I think you may be right in that there will always be a hearts in some format, IMO though it'll be starting again in the third division but i've no idea where you'll be playing?

[Dibben]

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Skint!

http://www.heartsfc.co.uk/articles/2...241384_3208756

Aye. It's all the fans fault...

[SurferRosa]

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Of course - but one of my points was that you, and other SPL clubs seriously need to be looking over you shoulders. All is NOT rosy there.

Your debt increases, day by day. You can't claim one team is 'cheating' by borrowing money to pay for players, when yours is doing exactly the same!

Hearts will survive - in one form or another.

Have you not got a bake sale to organise?

[Craig_in_Prague]

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Of course - but one of my points was that you, and other SPL clubs seriously need to be looking over you shoulders. All is NOT rosy there.

Your debt increases, day by day. You can't claim one team is 'cheating' by borrowing money to pay for players, when yours is doing exactly the same!

Hearts will survive - in one form or another.

When have Hibs not paid wages, taxes and any other "bills" ?

Do not try to tar ANY other club with the same brush as your cheating, disgusting club.

Now away and bake some cakes or paint more steps.

the sooner you lot are gone, the better.

[hibs0666]

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Sorry, gotta reply to this beazer of a post:

All this from your team full of loanees who you can't afford, including a player who has single-handedly kept you in the SPL for two seasons in a row. And the wages you are paying that you can't afford also? If you take one glance at your year end accounts you will see that where you're leaking money. It's borrowed money, A DEBT!

Hearts aren't a patch on the present Hibs team!? When you are without your only player, a player who scored 23 league goals yet you still managed to almost end up in a relegation fight - certainly showed relegation form from Xmas onwards. Hearts have a poor squad now, but it is still on par with the Hibs squad.

Open your eyes gents and ladies - you, and the vast majority of SPL clubs, are just one click away from being in a financial predicament that puts your very exisistance in danger. Until you are making money (not losing it as Hibs are) come back and give me your fake moral high ground. Vlad was idiotic with his approach to running Hearts, and we are where we are. We'll ride this out - may even come back stronger - we'll just have to wait and see won't we.

One team in Edinburgh???

YOU WISH!!

Don't be sorry, all are welcome here.

There is no point in comparing your situation with ours - that is not going to help you in the slightest get out of your very desperate financial situation. The best thing that you can now do for your club, given today's press release, is tell us which of your young players are worth buying. Seeing as your fellow fans expect to get your club for about 10p in the £ we would happily offer you the same for your best talent.

So who do you think we should buy in order to save your club from liquidation? Is the laddie Walker any good? Would Holt look the dog's in the emerald green? What about Paterson (minus the dodgy tache of course, that's Rod's trademark)?

[Part/Time Supporter]

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Of course - but one of my points was that you, and other SPL clubs seriously need to be looking over you shoulders. All is NOT rosy there.

Your debt increases, day by day. You can't claim one team is 'cheating' by borrowing money to pay for players, when yours is doing exactly the same!

Hearts will survive - in one form or another.

Hibs debt in 2003/04 - £17M

http://www.heraldscotland.com/sport/...s-17m-1.107839

Hibs debt in 2012 - £6.4M

http://www.bbc.co.uk/sport/0/football/20412294

Please explain how that is "increasing day by day"?

[DaveF]

Is it too obvious to make the link that this statement comes out just before pay day is due? What chances of the wages hitting the bank of all employees on the payroll.......

[hibee92]

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Of course - but one of my points was that you, and other SPL clubs seriously need to be looking over you shoulders. All is NOT rosy there.

Your debt increases, day by day. You can't claim one team is 'cheating' by borrowing money to pay for players, when yours is doing exactly the same!

Hearts will survive - in one form or another.

You poor deluded bugger. I'd feel sorry for you if I didn't find you hilarious.

Please DO NOT launch this one. He can be our pet.