Share Transfers Agreed/Cooling off period

[mixumatosis]

"Job losses are inevitable," he told BBC Radio Scotland. "We need to cut costs as quickly as we can.

"I think there will be losses on the footballing side, although that has already been pared down quite a bit."

So, as with all football administrations, the bulk of the job losses will be ordinary joes who work for a living. Not "millionaire" players who ought to be able to cope with missing a few months wages.

If anybody's been putting up with their office Jambo swanning around gloating about writing off all their debts and coming back good as new, maybe point this out to them. Be better still if you point out the fact that the folk working there are more than likely Jambos themselves, so they are celebrating their own species getting sacked.

That's hearts class.

[Mac]

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Portsmouth went into admin mid-season, when there was money coming in to keep the club running. Hearts have zero liquid cash just now. The biggest immediate danger to them is the timing of going into admin.

absolutely

This is the point they are missing, if they had gone straight to admin rather than the farce share issue (or not) and all the begging they would actually have been better off as they would have had a few months income which would have allowed the admin to put some sort of structure in place to get them through the summer and potentially a new owner by the end of last season, I personally think the Lithuanian's have went out to recoup as much money as possible before dissapearing and to hell with everyone, they just cant see it!! astonishing!!

[Purple & Green]

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“But even for the people being kept on there’s real concern and they will be worried, and at the moment we can’t give any promise as to how we’re going to fund the ongoing wages.”

So, if you're not made redundant, you'll be offered the chance to work for no wages? Is that even legal?

[wpj]

A suitable bank for a bail out? http://www.merrickbank.net/

[bingo70]

Are the funds that go to foundation of hearts being given to the club to help with current cashflow problems or to help fund a takeover?

[Gus Fring]

Brilliant. The club ripped off the fans 7 months ago and now the administrator is about to do the same thing.

[21.05.2016]

They should be embarrassed to go on about 5-1 the way they do. Their team was well beyond their means, cheating of the highest order!


Let them have it, tainted cup win if ever i've seen it. Everything they have achieved in the last 10 years or so has been a result of financial doping. I'm sure if hibs and other such teams had literally broken the bank and spent millions and millions we don't have on players then we would have achieved more but unlike them we played by the rules and actually conducted our business in a fair, sporting manner.

Despicable club whos fans love to believe they are the "big team" yet the reality is that they are not and the only reason they have had a bit of success is because they over spent millions and millions of pounds on aquiring players they could nowhere near afford.

[Mr White]

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Nor do I.

Just can't wait for the onion pealing to start though........

Yup and it won't be our eyes that start watering! Unless we're laughing too hard of course

[jacomo]

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Are the funds that go to foundation of hearts being given to the club to help with current cashflow problems or to help fund a takeover?

Ian Murray MP has admitted that the FoH money could be used as a slush fund to keep the doors open during administration.

[Golden Bear]

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Administrator admits only donations from the fans will save Hearts from liquidation as no income coming in to service the bare bones running of the club. Are the Jimbos up for it again? Ready to throw away more money? We'll see how much the club really means to them now! RIP

It seems as though the begging bowl has sprouted wheels and is now of the mobile variety. I heard the tale end of a report on local radio this morning and from what I gather the FOH group plan to stage a series of meetings throughout Scotland in order to try and galvanise financial support.

Any time time you can expect to see a representative on your local High Street with his fiddle in hand and collection bunnet on the pavement.

[CropleyWasGod]

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Ian Murray MP has admitted that the FoH money could be used as a slush fund to keep the doors open during administration.

I would suggest that some of the donors wouldn't be happy with that.

IIRC, the purpose of FOH was to raise money to buy the club, not to keep it going in the hope that someone else would buy it.

[BarneyK]

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I would suggest that some of the donors wouldn't be happy with that.

IIRC, the purpose of FOH was to raise money to buy the club, not to keep it going in the hope that someone else would buy it.

Yep. Sold it on the basis of fan ownership.

[Phil D. Rolls]

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http://www.dailyrecord.co.uk/news/sc...manovs-1968719

“This feels like a divorce after having been in love. I thought Romanov was the man.”

Hearts fan sees the light and gets Romanov tattoo removed

It took him 6 years to see the light? Talk about a dim bulb brightening.

Anybody feel brave enough to broach the subject of Santa Claus with Stan?

[bingo70]

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I would suggest that some of the donors wouldn't be happy with that.

IIRC, the purpose of FOH was to raise money to buy the club, not to keep it going in the hope that someone else would buy it.

Also adds to the confusion, they said that the pledges will be taken at start of august so jonny yam thinks he's contributing but by the time his 10 dd is paid it could be too late.

IMO FoH are contributing nicely to the downfall of the current club, cheers guys!

[jacomo]

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I would suggest that some of the donors wouldn't be happy with that.

IIRC, the purpose of FOH was to raise money to buy the club, not to keep it going in the hope that someone else would buy it.

I would suggest you'd be right.

After all the broken promises and deception from the Lithuanian regime, you'd think the absolute first priority for FoH would be to build trust with the supporters.

[Phil D. Rolls]

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It seems as though the begging bowl has sprouted wheels and is now of the mobile variety. I heard the tale end of a report on local radio this morning and from what I gather the FOH group plan to stage a series of meetings throughout Scotland in order to try and galvanise financial support.

Any time time you can expect to see a representative on your local High Street with his fiddle in hand and collection bunnet on the pavement.

When are they pitching up at the Kirkgate?

[jacomo]

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It took him 6 years to see the light? Talk about a dim bulb brightening.

Anybody feel brave enough to broach the subject of Santa Claus with Stan?

That still puts him in the top 1% for the Yams.

[Baader]

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Administrator admits only donations from the fans will save Hearts from liquidation as no income coming in to service the bare bones running of the club. Are the Jimbos up for it again? Ready to throw away more money? We'll see how much the club really means to them now! RIP

Get baking, Yaks!!!!

[Speedway]

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Are the funds that go to foundation of hearts being given to the club to help with current cashflow problems or to help fund a takeover?

Why don't F*** O** Hearts or whatever those letters stand for get a collective Wonga loan? Preferential rates (APR only 1000%) and approval within 15 minutes? Sorted.

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They should be embarrassed to go on about 5-1 the way they do. Their team was well beyond their means, cheating of the highest order!


Let them have it, tainted cup win if ever i've seen it. Everything they have achieved in the last 10 years or so has been a result of financial doping. I'm sure if hibs and other such teams had literally broken the bank and spent millions and millions we don't have on players then we would have achieved more but unlike them we played by the rules and actually conducted our business in a fair, sporting manner.

Despicable club whos fans love to believe they are the "big team" yet the reality is that they are not and the only reason they have had a bit of success is because they over spent millions and millions of pounds on aquiring players they could nowhere near afford.

It actually was cheating as were Rangers in some of their 'victories'. Both clubs should be stripped of titles as should any club anywhere, who has done this.

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Ian Murray MP has admitted that the FoH money could be used as a slush fund to keep the doors open during administration.

Then what? Svedish Consortium Time?

Is it true that the Swedes are headed up by some guy called Vladstig Romanovsson?

[clerriehibs]

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Administrator admits only donations from the fans will save Hearts from liquidation as no income coming in to service the bare bones running of the club. Are the Jimbos up for it again? Ready to throw away more money? We'll see how much the club really means to them now! RIP

We need to make the hurtz-15 fans realise that the admin guys see it as "one for you, one for me" with any income generated.

Suck it up, yams!

[brog]

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It appears the biscuit tin is empty.

http://www.bbc.co.uk/sport/0/football/22979684

Jeez guys, slow down, I went to Ascot yesterday & its taken me 2 hours this morning to catch up, but as Steve Tyler sang, I don't want to miss a thing!!
Couple of things;
1. Its as bad a situation as I've ever come across!! this from Bryan Jackson, the guy who's currently handling the Pars!! As I posted a couple of days ago I think BDO will stick their head round the door, say WTF & bolt for liquidation.
2. On an even happier note doesn't Bryan Jackson look like an undertaker??!! Could someone ( Steve? ) with more IT skills than me please do the necessary amendments to his pic? Possibly a new avatar!

[GloryGlory]

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Also adds to the confusion, they said that the pledges will be taken at start of august so jonny yam thinks he's contributing but by the time his 10 dd is paid it could be too late.

IMO FoH are contributing nicely to the downfall of the current club, cheers guys!

This and the earlier post about the administrator asking the fans to put in cash - do the deluded ones realise that the first (and likely only) call on that money will be the administrator's fees?

[Leithenhibby]

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Yup and it won't be our eyes that start watering! Unless we're laughing too hard of course

Let the show begin!...........

[WestEndHibee]

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Why don't F*** O** Hearts or whatever those letters stand for get a collective Wonga loan? Preferential rates (APR only 1000%) and approval within 15 minutes? Sorted.



It actually was cheating as were Rangers in some of their 'victories'. Both clubs should be stripped of titles as should any club anywhere, who has done this.



Then what? Svedish Consortium Time?

Is it true that the Swedes are headed up by some guy called Vladstig Romanovsson?

I find this very hard to believe. The yams could never be duped in the same way twice. They're just too clever for that, one of my sources tells me that some of them have already realised that Vlad hoodwinked them!!

[brog]

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This and the earlier post about the administrator asking the fans to put in cash - do the deluded ones realise that the first (and likely only) call on that money will be the administrator's fees?

Yep! Thats probably BDO's biggest concern right now!! You mean, there's really no money at all, Holy Vlad!

[lucky]

Loving the meltdown of the Yams. But I doubt if any Yam involved in FoH will object to them funding administrators. If they don't get money in rapid then it liquidation. If FoH can keep them afloat then they have a chance of still being a SPL. So whilst there has been a change of direction by them I doubt they will complain.

[--------]

Just in - der head off der Sveedish Consortium is ....

[Northernhibee]

Why the **** are they not outside Tynie right now protesting, aiming to raise money, contacting entrepreneurs associated with Hearts, even baking some cakes right now?

Look back to Hands off Hibs, fan power found a buyer for us and helped keep Mercer at bay.

The administrator has said that they are in total dire straits, yet they're still going on about how they'll pump us at Tynie, 5-1 big team wee team etc. How much more blatant does it have to be, without a minor miracle their club won't see the summer out?

I really want to see one last derby for us to have a pop at Arbroath's 36-0 record, they're not exactly playing their part!

[Iain G]

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Ian Murray MP has admitted that the FoH money could be used as a slush fund to keep the doors open during administration.

That should keep them limping on for another 4 or 5 days then

[Moncur10]

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Funny stuff, but I wouldn't be making it public where I work. There's a lot of angry Yams that could get onto your HR people.

Edited the post, good thinking, although with your reply they can still see the company name. They probably aren't bright enough to do anything about it though.