Share Transfers Agreed/Cooling off period

[blindsummit]

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Yeah some good points there cheers, however, I guess I wasn't really asking if the SPFL would survive, but really if anyone can see a slow, possible domino effect in other clubs maybe slipping into financial dire straits as time goes by, say over the next 2-3 years. We're obviously in far better shape that those puddle drinkers but I do think we will have to keep an eye on things money wise as well.

Anyway, cheers for the comments

You know, thinking about this, if clubs that can't budget properly and live within their means slip out of existence in the next few years, then so be it. For too long, led by Sevco and the Yams, Scottish Football has been living beyond it's means. This couldn't and shouldn't go on forever.

We need to get back to community focussed clubs, rearing young Scottish talent and living within strict financial controls.

It needs to get back to being a sporting competition, where the clubs that budget well, bring in more fans from the local area and coach excellent young players are the ones that prosper and win, not the ones that look for a sugar daddy on steroids all the time.

[Part/Time Supporter]

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It can be appealed if a creditor thinks it's not in the best interests to have that company appointed. Apparently that's whats happening just now. The liths want their administrator appointed.

The wrinkle with Hearts is that a large creditor is also the majority shareholder. So effectively you have a conflict here between the will of the majority shareholder and the will of the directors.

As the directors got their application first I would still expect KPMG to be appointed, unless the Lithuanians can find some valid reason for that not to be the case.

[Engels74]

Enjoy!!!

[Caversham Green]

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Is the 79% not the total for UBIG and UKIO? Plus there is some other company called Quantum or suchlike that has 5 %, and seems to have been a company connected to Romanov and his associates.

How knows what web of intrigue might be uncovered when the Scottish and Lithuanian administrators get down to work?

UBIG owns 79.9% of HoMFC's total share capital. Of that UBIG have 'pledged' 29.9% (of the total share capital) to Ukio as security for debts (owed by UBIG to Ukio), and the remaining 49.9% is unencumbered beyond being frozen.

Quantum Holdings SA is owned and run by Vlad's niece Julja Gonarcuk (or something similar) and owns 15% of the remaining HoMFC share capital. She resigned from the board of UBIG just after Ukio went bust (as did Sergej Fedupothis) and resigned from the board of HoMFC a couple of weeks ago.

[--------]

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My question................Not sure why I chose that name

12:50
Comment From Gorgie George
Is the time that you are spending on this affecting your role as an MP? Surely this must be impacting on your constituents?
12:51

I'm doing this in my own time and my role as an MP is unaffected. Thanks to all those who contacted me after the programme last night to say how tired I looked. Very much appreciated. I get more than 700 emails a day as an MP and they are all being dealt with as normal and my duties are being carried out as normal.

In other words they're either being ignored or dealt with by some lackey while George hits the gin-bottle?

I didn't see the program - better things to do with my life - but I assume that as well as looking tired he was emotional as well?

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Dont think I will be preached at by that clown. Disaster for the rest, blah, blah, blah. Heard it before and it didnt happen and it was actually a relief not to have to listen to songs of yore from fans barely able to string a sentence together about battles 300 years ago at a sporting event in 2013.

He is the guy that brought Vlad in he should be apologizing to every Hearts fan he knows.

Though given he is a typical politician who has more than once disgraced himself he will have no shame.

Exactly, Jim. He brought Romanov to Tynecastle, and supported him and encouraged others to believe in him until Vlad eventually had enough of him and kicked him out. Disaster for the others? Maybe if we were rid of the running sore of corruption and dishonesty that's been Heart of Midlothian since Romanov arrived (and which GF epitomises perfectly) we mnoght be able to attract investment from other (honest) businessmen who right now would rather not be tarred with the same brush as the goons running Hearts.

The way to resurrect Scottish football is for the clubs to begin to work together to provide adequate finance to support all the teams - a league's only as strong as its weakest members, something the North American sports leagues understand very well.

All clubs working within their means, and the League and FA taking steps to ensure that they do, is essential.

Proper concern for the paying customers would help - we're not just a cash crop to be exploited.

And a serious effort to get rid of the atmosphere of hated and antagonism that blights the game - racist, sectarian, homophobic, mindless hatred. It's supposed to be a game, entertainment, not uncivil war.

[JeMeSouviens]

"back to its rightful place in Scottish football"



It's like ****** Hun bingo.

[jacomo]

Shown up as having absolutely no clue whatsoever, Alan Patullo and others step in to do the actual reporting on the Hearts story, while #allisbarry invites sympathy for the fans...

http://www.scotsman.com/sport/footba...sign-1-2970073

“That’s the annoying thing, they seem to have been lying to us. We always suspected things, but we had to believe them because we were kind of powerless as supporters. We were wholly owned by Romanov, his banks oversaw everything so there wasn’t a bank putting pressure on. We had to take them at their word and, if they haven’t been lying, they certainly weren’t telling the whole truth."

Er, no. Vlad told you to believe. And you obeyed. And when a Hearts supporter dared admit that they had difficulty in believing, the Yammish horde shouted them down and denounced them as Hobos.

The events at Hearts over the last decade have been played out in public and you can't rewrite them now.

[kdhibees1]

[Dunderhall]

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Is it just me or does this just sound like a more grown up version of a bake sale?!

With a big debt to pay for the ingredients by the look of it.
If they make it out of admin with FoH, that's the icing on the cake.

[blindsummit]

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Hearts constant cheating to gain the upper hand in Edinburgh has cost us a lot more supporters than their demise will.

Indeed! the benefits from a "clean" competition, without Sevco and the Yams, can far outweigh having them in the SPL. Winning games brings people back. If Hibs are challenging near the top of a much more level playing field, and reaching the latter stages of both cup competitions, any small loss from the lack of the Yams will be more than made up.

Hibs future lies in it's own hands, and is not dependant on ANY other club.

[Treadstone]

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"back to its rightful place in Scottish football"



It's like ****** Hun bingo.

This Ian Murray is impressive. Hasn't directly answered a question for 40 minutes, takes some doing on a webchat.

[Part/Time Supporter]

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This Ian Murray is impressive. Hasn't directly answered a question for 40 minutes, takes some doing on a webchat.

Second nature for a politician.

[Peevemor]

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[Andy74]

They have no idea how to turn this into a funded bid. Think we can forget about them as a bidder.

[ballengeich]

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Oh jeez. Still giving it the biggest budget outside old firm if successful line. Bams.

Not next season. The money from 6000 season tickets has already been spent. If any form of Hearts is around next season that money isn't going to be available and a lot of the people who bought those tickets will be unwilling or unable to fork out again. The player budget will be very low.

Add the costs required to overcome the neglect of the ground and the financial problems facing anyone taking over are considerable. If they survive at all it'll be a long time till they'll have the money to be back near the top.

[Treadstone]

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They have no idea how to turn this into a funded bid. Think we can forget about them as a bidder.

Seen the word 'loan' offered as part of a possible bid. What planet is he on ?

[Dashing Bob S]

It going to be tough explaining to the next generation of Hibs fans what Hearts were.

[shagpile]

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Second nature for a politician.

Second nature? You mean a prerequisite.

[Hibernia Na Eir]

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"back to its rightful place in scottish football"



It's like ****** hun bingo.

this :)

[TornadoHibby]

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I’ve not seen this and I’m sure he did, but I always find it amusing that Michael Stewart is always being referred to as ‘articulate’ and ‘eloquent’ etc., whenever he appears on tv. He’s even been described as a Scottish version of Gary Neville in an article I read. He actually says very little of any intelligence, substance or insight when he’s on but people are obviously so used to your average Scottish footballer being unable to string a sentence together that he’s been elevated to this ‘smart for a footballer’ status.

It’s clear he’s had a decent upbringing and is no thicko, but he always appears a bit nervy and struggles to put any kind of point across despite all his sound-bytes.

Bit harsh I think!!

[Kato]

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It going to be tough explaining to the next generation of Hibs fans what Hearts were.

....I envisage flushing the toilet could be used as an ilustrative tool....

[hibby rae]

https://www.youtube.com/watch?v=pi4PqihpK3Y

I've been singing this to myself for some reason today.

[sidjames]

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It going to be tough explaining to the next generation of Hibs fans what Hearts were.

bag of wind, big talker, big-timer, bigmouth, blatherskite, blowhard, blusterer, boaster, brag, braggadocio, bragger, egotist, exhibitionist, gasbag, gascon, grandstander, hotshot, know-it-all, peacock, ranter, raver, show-off, strutter, swaggerer, swashbuckler, swelled head, trumpeter, windbag

[Stevie Reid]

Just heard Leslie Deans on Forth One news say that the 15 point deduction isn't guaranteed, as the new rules haven't been finalised yet.

[SlickShoes]

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Just heard Leslie Deans on Forth One news say that the 15 point deduction isn't guaranteed, as the new rules haven't been finalised yet.

They can keep thinking that, can you imagine the uproar if Hearts are let away with 0 points deduction from every other club that has went in to admin, sure the rules are not set in stone yet but they are not going to get around a points deduction. They were lucky to avoid it at the end of the season and have clearly manipulated £££ and people to achieve this.

[Craig_in_Prague]

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Just heard Leslie Deans on Forth One news say that the 15 point deduction isn't guaranteed, as the new rules haven't been finalised yet.

too be quite honest, that should be the least of their worries.

[Dashing Bob S]

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They can keep thinking that, can you imagine the uproar if Hearts are let away with 0 points deduction from every other club that has went in to admin, sure the rules are not set in stone yet but they are not going to get around a points deduction. They were lucky to avoid it at the end of the season and have clearly manipulated £££ and people to achieve this.

It would be nice if the new rules, when set in stone, decided that a 15 point deduction was too lenient, and slapped 30 on the creeps.

[blackpoolhibs]

The thing that really makes me laugh about last nights circus with the biggest clown McPherson going on about hearts being the 3rd biggest club, and an institution. Was he cant get it into his head their over spending and fraudulent actions over the last 30 years has given them these bigger crowds and little bits off success.

What a ****ing fandango that man is, perhaps if we'd have done the same he'd still be saying it, but it wouldn't make it right.

[m_hibs]

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Just heard Leslie Deans on Forth One news say that the 15 point deduction isn't guaranteed, as the new rules haven't been finalised yet.

Time for Scottish Football to bring in tougher penalties then?

[Dashing Bob S]

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The thing that really makes me laugh about last nights circus with the biggest clown McPherson going on about hearts being the 3rd biggest club, and an institution. Was he cant get it into his head their over spending and fraudulent actions over the last 30 years has given them these bigger crowds and little bits off success.

What a ****ing fandango that man is, perhaps if we'd have done the same he'd still be saying it, but it wouldn't make it right.

Since the war Hibs have been historically the better supported club. If we'd had invested the same amount as them as them in the last 30 years, we'd be looking for bigger crowds than they had. (I won't say more SC wins, as that curse has nothing to do with the Yams, as much as they'd like to gatecrash it.)