Share Transfers Agreed/Cooling off period

[SMAXXA]

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Do they become free agents if they want, in administration?

I think if you don't get paid for sumit like 3 consecutive months you automatically can leave for nothing, something like that anyway

[GloryGlory]

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Do they become free agents if they want, in administration?

I don't think so - however, I am not sure what the situation is if the administrator tries to rip up their contracts and get them to accept lower wages (and also maybe write off any overdue wages/bonuses).

Edit: I'm not sure if the above scenarios could constitute constructive dismissal.

[PatHead]

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anyone know who the potential buyer is?

Ian Murray MP was on the last plane up from Heathrow last night. Bound to be him and the rest of FoH. Bet they announce ticket sales for Hibs game immediately to get cash through the door with a begging bowl to sell the stock in the shop. By the way anyone seen the container ship full of strips yet?

[greengnome]

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Hearts staff told all cuts will be made by end of play today (per the live feed - cheers for that Sergey)

Ryan Stevenson - I wonder..............

Erm, hi darling, it's me... I erm, don't have good news........

What can i say??? Classic!!! PMSL (Don't look for any sympathy down ER way.... It just 'aint there)...

[CB_NO3]

Am guessing admin staff, shop workers, groundsman, maintenance guys and so on wont be on alot of wages. Probably nothing more than £1300 per month. They are going to have to dig alot deeper than that to free some pennies up.

[ScottB]

Sounds like BDO are preparing to start asking the fans to bankroll the club to keep the admin going.

Which will mean even less cash for FoH...

[SMAXXA]

Gary Locke just left Tynecastle. Staff who've received the worst possible news also leaving. Tough times for all concerned

[Sergey]

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Am guessing admin staff, shop workers, groundsman, maintenance guys and so on wont be on alot of wages. Probably nothing more than £1300 per month. They are going to have to dig alot deeper than that to free some pennies up.

Shop staff and cleaners were factored out. They weren't on Yams books.

[Biggie]

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Administrators told staff that they hope to meet with one of the parties interested in buying the club today.

Yeah, I've got a meeting with them at 3pm today..

[SmashinGlass]

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Shop staff and cleaners were factored out. They weren't on Yams books.

Or we're they

[Fife-Hibee]

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Don't forget the 'angry scenes' after the AGM a few years bck.

2 fuds in outdated club leisurewear hugging amd stumbling for about 4 seconds.

It was the Tianenman Square of McLeod Street so it was.

Hahaha

[Baw187]

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Administrators told staff that they hope to meet with one of the parties interested in buying the club today.

Some yam on KB called the Gasman claiming he's ITK about a UK based consortium that have made a bid deemed 'meaningful' by the Lith Admins and that things were progressing well.... Hmm.

[Gus Fring]

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anyone know who the potential buyer is?

I have it on very good authority it's the FOH. My source within tynecastle has kept his job, for now it seems.

[Liberal Hibby]

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Yep. Sold it on the basis of fan ownership.

Indeed. And given their constitution has been based on a standard one by Supporters' Direct - then it may be ultra viries of FoH to use funds raised for one purpose to be spent on another. They don't have any directors yet either, so I'm not sure how they can make such a decision.

They'd also be better off letting the oldco go to the wall as soon as possible - as it would be far cheaper to start from scratch.

[Leithenhibby]

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Gary Locke just left Tynecastle. Staff who've received the worst possible news also leaving. Tough times for all concerned

It stops being "Rivalry" when staff lose their job...... I don't find that part of this sorry mess funny at all.....

[Pedantic_Hibee]

There's so much I Told You So to throw about this week. Absolutely magic.

Vlad has pissed all over them and the only person of a maroon persuasion to enjoy it would most likely be Gary Locke.

[Part/Time Supporter]

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Andrew Chambers@stvAndyC Hearts staff told all cuts will be made by end of play today. #HMFC

Not nice to see anybody loose their jobs in the current climate.

This.

I've been made redundant before. We had lost a major contract and the staff affected had to re-interview with the business to see who would be retained in other positions. I was given the one temporary job of completing the work under the contract. Even with the cushion of that notice period and it being at a reasonably kind time of life to happen (young, semi-skilled, no family), it was easily the worst day I have had in my life.

Christ knows what some of those folk are going through now, some may have worked for them for decades and may not have transferrable skills to other employers. Particularly in a tougher economic environment. I genuinely wish the Hearts employees who are made redundant today every good luck in their future efforts.

[Pedantic_Hibee]

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It stops being "Rivalry" when staff lose their job...... I don't find that part of this sorry mess funny at all.....

Dance with the devil and all that. I wouldn't agree to work for an employer if I knew they were notorious for not paying wages.

[jacomo]

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Ian Murray MP was on the last plane up from Heathrow last night. Bound to be him and the rest of FoH. Bet they announce ticket sales for Hibs game immediately to get cash through the door with a begging bowl to sell the stock in the shop. By the way anyone seen the container ship full of strips yet?

BDO: Right, had a quick look at the books and its a f****** horror show. We need cash yesterday. How's the FoH fundraising coming along? You've got thousands of bona fide pledges right?

FoH: Er...

[Leithenhibby]

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Dance with the devil and all that. I wouldn't agree to work for an employer if I knew they were notorious for not paying wages.

There are lots of terms we can muster, but the staff (non playing) may have been there for decades! So no, I don't agree with this one.

[ScottB]

So a bunch of staff will be laid off today (sad times for most of them we should note).

I suspect a few players will be amongst that, if 'Cap'n Zal' is indeed under contract to August he'll presumably be first out the door, along with anyone else that is deemed to have no sell on value.

BDO claim to be meeting a buyer later today, must surely be FoH, which will be a very short meeting where that tube of an MP will babble on about converting pledges and £4million a month, but not having any money right now. BDO will presumably then firm up their statement from today about needing the fans to bankroll the club till a buyer can be found, if there's enough donations then this farce staggers on till the next big bill turns up, if not then it's straight to liquidation.


Does that sound about right as a likely sequence of events?

[Dunderhall]

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Ian Murray MP was on the last plane up from Heathrow last night. Bound to be him and the rest of FoH. Bet they announce ticket sales for Hibs game immediately to get cash through the door with a begging bowl to sell the stock in the shop. By the way anyone seen the container ship full of strips yet?

Could be a short meeting then.

Bryan Jackson - Show us the colour of your money
Ian Murray - em well, we've got this website likesy, and I've done a powerpoint for when we go to see the banks
Bryan Jackson - Mr Mackie, what's your role in this.
Alex Mackie - What me, I'm just here to listen and hope people forget I was ever involved.
Bryan Jackson - Thanks, we'll let you know.

Expect Ian murray to come out with a positive and constructive meeting type statement.

[CropleyWasGod]

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Dance with the devil and all that. I wouldn't agree to work for an employer if I knew they were notorious for not paying wages.

Not everyone has the good fortune to be able to choose.

[Leithenhibby]

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Could be a short meeting then.

Bryan Jackson - Show us the colour of your money
Ian Murray - em well, we've got this website likesy, and I've done a powerpoint for when we go to see then banks
Bryan Jackson - Mr Mackie, what's your role in this.
Alex Mackie - what me, I'm just here to listen and hope people forget I was ever involved.
Bryan Jackson - Thanks, we'll let you know.

Expect Ian murray to come out with a positive and constructive meeting type statement.

[green.and.white]

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Could be a short meeting then.

Bryan Jackson - Show us the colour of your money
Ian Murray - em well, we've got this website likesy, and I've done a powerpoint for when we go to see then banks
Bryan Jackson - Mr Mackie, what's your role in this.
Alex Mackie - what me, I'm just here to listen and hope people forget I was ever involved.
Bryan Jackson - Thanks, we'll let you know.

Expect Ian murray to come out with a positive and constructive meeting type statement.

#allismurray

[SMAXXA]

Sean Murdoch@seanmurdoch01
Sad to see Hearts staff being made redundant today. I think even Hibs would agree this should never happen! People have Families to support!

[Treadstone]

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So a bunch of staff will be laid off today (sad times for most of them we should note).

I suspect a few players will be amongst that, if 'Cap'n Zal' is indeed under contract to August he'll presumably be first out the door, along with anyone else that is deemed to have no sell on value.

BDO claim to be meeting a buyer later today, must surely be FoH, which will be a very short meeting where that tube of an MP will babble on about converting pledges and £4million a month, but not having any money right now. BDO will presumably then firm up their statement from today about needing the fans to bankroll the club till a buyer can be found, if there's enough donations then this farce staggers on till the next big bill turns up, if not then it's straight to liquidation.


Does that sound about right as a likely sequence of events?

I just don't see any good news for them. "Right you can have our pledges to that are 6 weeks away from being collected to keep the club afloat in the short term and not what the money was originally pledged for. And then can we agree a price for the club from those same pledges that are a month and a half away from being gathered less any money that has been used in the short term"

[Phil D. Rolls]

Are the grunts calling him"Mr Jackson" yet?

[Leithenhibby]

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Not everyone has the good fortune to be able to choose.

Rivalry doesn't cover this event for me ........

[clerriehibs]

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Are the grunts calling him"Mr Jackson" yet?

lol!!!