Share Transfers Agreed/Cooling off period

[Part/Time Supporter]

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Are you sure about zaliukas? He made a big deal about wanting to play a part in the last game of the season as he was out of.contract on the summer?

Robertson said on Radio Scotland last night that Zaliukas has six months left.

Zaliukas was probably told in May that he would be offski in the summer, either by them selling him or being released early. There was a report in one of the rags a couple of weeks back that Sevco are interested in him.

[robinp]

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Are you sure about zaliukas? He made a big deal about wanting to play a part in the last game of the season as he was out of.contract on the summer?

See above

[Treadstone]

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Are you sure about zaliukas? He made a big deal about wanting to play a part in the last game of the season as he was out of.contract on the summer?

Wondered about this myself, this six months left on his contract all seems to be very recent.

http://sport.stv.tv/football/clubs/h...ded-on-future/

[Onion]

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I think the two players will simply be Zaliukas (who has six months left at mega wages) and Wilson (who they can't register).

The other four senior players (MacDonald, Stevenson, Hamill and Sutton) have apparently been told they have to take pay cuts to stay.

http://www.express.co.uk/sport/footb...alls-at-Hearts

"Jackson also told fans that every penny from season books will be used to keep the club afloat by paying players and staff."

So BDO must be getting paid from other sources eg FOH funds ?

The SPL should be all over this process and Hearts future cash flow projections as this doesn't even sound like a hand to mouth approach. If they've already committed the 6500 STs funds and need a further 3000 STs fees over the summer just to pay wages until August, they're stuffed and will never be able to balance the books during the season. IMHO they are a dead man walking (ie a Zombie Club) already and should be shot in the head. The SPL should step in and sort this out.

The SPL and Trading Standards should also be reviewing BDOs behaviour here. Trying to enticing 3000 people to part with almost £1m with no assurances or indication of what they will actually be getting for their money (quality of players) is potentially deceiving. Its like watching a scam played out in public

[Leithenhibby]

Admin meeting with SPL/SPFL today!.....

Should be an interesting press release later on methinks

[cabbageandribs1875]

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I was wondering about this last night. Excuse me if i am wrong here, a mathematician i am not !

If they agree a 30p in the £ deal then for Ukio & UBIG alone they are going to owe 7.5 million pounds, this does not include what i expect is a hidden pile of other debts we still dont yet know about. In addition to this as you have correctly said, if someone did want to buy Hearts they are also going to have to bankroll the team for the first year as that money is gone. So if you say that there operating cost is 2.5 million (i think thats prob being kind to them) before you have done a thing you have a £10m outlay. None of this even touches on the wonga dome etc that you would need to look at.

Now unless you are a hearts fan and have an emotional attachment to them i cant see how any businessman would look at them with Scottish football in the state that it is and think there is opportunity to make money. ???

i thought 'the norm' for this was 5/10p in the pound

[Ray_]

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"Jackson also told fans that every penny from season books will be used to keep the club afloat by paying players and staff."

So BDO must be getting paid from other sources eg FOH funds ?

The SPL should be all over this process and Hearts future cash flow projections as this doesn't even sound like a hand to mouth approach. If they've already committed the 6500 STs funds and need a further 3000 STs fees over the summer just to pay wages until August, they're stuffed and will never be able to balance the books during the season. IMHO they are a dead man walking (ie a Zombie Club) already and should be shot in the head. The SPL should step in and sort this out.

The SPL and Trading Standards should also be reviewing BDOs behaviour here. Trying to enticing 3000 people to part with almost £1m with no assurances or indication of what they will actually be getting for their money (quality of players) is potentially deceiving. Its like watching a scam played out in public

It said in one of the interviews that BDO will wait until Tynecastle is sold before they take their fee's! Which to me seems a bit strange, given that another company has it as collateral on loans.

[magpie1892]

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Robertson said on Radio Scotland last night that Zaliukas has six months left.

Zaliukas was probably told in May that he would be offski in the summer, either by them selling him or being released early. There was a report in one of the rags a couple of weeks back that Sevco are interested in him.

He's got about six minutes left by my reckoning.

[Part/Time Supporter]

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"Jackson also told fans that every penny from season books will be used to keep the club afloat by paying players and staff."

So BDO must be getting paid from other sources eg FOH funds ?

The SPL should be all over this process and Hearts future cash flow projections as this doesn't even sound like a hand to mouth approach. If they've already committed the 6500 STs funds and need a further 3000 STs fees over the summer just to pay wages until August, they're stuffed and will never be able to balance the books during the season. IMHO they are a dead man walking (ie a Zombie Club) already and should be shot in the head. The SPL should step in and sort this out.

The SPL and Trading Standards should also be reviewing BDOs behaviour here. Trying to enticing 3000 people to part with almost £1m with no assurances or indication of what they will actually be getting for their money (quality of players) is potentially deceiving. Its like watching a scam played out in public

For a start, BDO aren't paid by Hearts, they will be paid out of the price paid by the buyer. They're simply trying to keep the company alive long enough that the situation can be clarified and the groundwork made for bids to be made and considered.

There is no "trading standards" issue because BDO made it quite clear that they are only seeking funds to get them through the next 3-4 months. After that it is up to a buyer to fund (which makes the deal more expensive) or the company will cease to exist. If Hearts fans don't like it then they have the choice of not buying a ST and take the risk of whatever happens via liquidation.

[ronaldo7]

Ian Murray (I'm an MP you know) said on radio Scotland this morning that they've now got 6,000 pledges of which 2,000 have converted.

So only 2k out of the 6k have given full details and are ready to give wonga.

What's happened to the other 4k

[YehButNoBut]

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For a start, BDO aren't paid by Hearts, they will be paid out of the price paid by the buyer. They're simply trying to keep the company alive long enough that the situation can be clarified and the groundwork made for bids to be made and considered.

There is no "trading standards" issue because BDO made it quite clear that they are only seeking funds to get them through the next 3-4 months. After that it is up to a buyer to fund (which makes the deal more expensive) or the company will cease to exist. If Hearts fans don't like it then they have the choice of not buying a ST and take the risk of whatever happens via liquidation.

What if no suitable buyer is found, how do BDO get paid then??

[Caversham Green]

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It said in one of the interviews that BDO will wait until Tynecastle is sold before they take their fee's! Which to me seems a bit strange, given that another company has it as collateral on loans.

I think that was a Freudian slip. BDO will take their fees when their job is completed either through a CVA or liquidation. They'll take the fees out of the cash they've raised and distribute the remainder to the creditors - that's normal practice.

The fact that he said that suggests that selling Tynie is more likely than not, which makes sense since it's the only asset they have with any real value.

[big-mo]

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If this is THE end for them, how long do you think it would take for us to become a one city, one team club? The potential is there for us to have increased crowds which,in turn, feeds the playing budget.

As a one city, one team club, we truly could be a real threat to the Glasgow dominance over the last few decades.

Thanks Vlad & Co

One City One Team? A bit unfair on Spartans and Edinburgh City.

[Sanger]

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What if no suitable buyer is found, how do BDO get paid then??

From the liquidation of assets.

[Pedantic_Hibee]

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Ian Murray (I'm an MP you know) said on radio Scotland this morning that they've now got 6,000 pledges of which 2,000 have converted.

So only 2k out of the 6k have given full details and are ready to give wonga.

What's happened to the other 4k

I have no idea where the other 4k have gone.

#allisverycomplex

[Springbank]

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Ian Murray (I'm an MP you know) said on radio Scotland this morning that they've now got 6,000 pledges of which 2,000 have converted.

So only 2k out of the 6k have given full details and are ready to give wonga.

What's happened to the other 398k

Fixed that for you
Keep forgetting they are so massive they are an institution

[scoopyboy]

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I have no idea where the other 4k have gone.

#allisverycomplex

Brian, you're a very, very naughty boy.

Quote from a funny film.

[MurrayfieldHibs]

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Pleasing
Hopefully though in 13 days it will say. MAD VLAD
DIV 3

If they don't get enough mugs/fans to buy season tickets over the next two weeks and go into liquidation I don't think there will be enough time to start up a newco in time for the start of the new Div 3 season.

[Seveno]

I would have thought that anyone responding to the request to buy a ST now would either do it under a payment plan or on their credit card. Under the first scenario, they are not going to get enough money up front to help them through the next few months. Someone said earlier that the credit card companies were not handing the full amount over to Hearts but were making staged payments. This being the case, they are stuffed unless a potential buyer puts money in now to keep them going until a sale is concluded.

[Bostonhibby]

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I have no idea where the other 4k have gone.

#allisverycomplex

I think I know where 4 of them have possibly gone, they are unlikley to be able to cough up hte money as they mistakenly thought they would be owing it to themselves - if the Yam decide to pursue them for the money I think they will go into administration because its what all big entities do.

[Glorious]

They have appealed to Liverpool fans via their forum to help them out. Oh dear.

[gogsy23]

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They have appealed to Liverpool fans via their forum to help them out. Oh dear.

As a liverpool fan......they can ram it. Im pretty sure most fans of any club will tell them to do one.

[Seveno]

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They have appealed to Liverpool fans via their forum to help them out. Oh dear.

Liverpool fan 1 : Who ?
Liverpool fan 2 : Wtf !
Liverpool fan 3 : Let's get up there, there could be some scrap metal going.

[CyberSauzee]

Yams web admin does it again!

DontPanic.jpg

[Phil D. Rolls]

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Admin meeting with SPL/SPFL today!.....

Should be an interesting press release later on methinks

The best they can hope for is two weeks grace, then it's byeeeee.

[greenginger]

On the spot update !

Just drove down Mcleod Street, one TV van still in car park ( 2 there yesterday ) media loosing interest.

Club Shop open, NO quque for season ticket sales.

[Glorious]

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Yams web admin does it again!

DontPanic.jpg

We must have a mole in there lol - good work fella!

[21.05.2016]

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They have appealed to Liverpool fans via their forum to help them out. Oh dear.

link?

[MB62]

I really don't see what their big problem is. By now, the container with all their new strips that was delayed for a day in Ethopia or wherever, must have arrived and the new kits in the shop for sale. This should bring in enough wonga to see them through to the start of the season at least and then allow them to stay as the 2nd farce in Scottish football.

[Platinum Scotty]

http://www.heartsfc.co.uk/articles/2...241384_3216088

its cash or cheque only..............so all the great plans on getting money back via credit card if it all fails is gone, plus it basically means folks are going to need a large wad of cash up front......wouldnt want to be walking around gorgie with a few hundred notes in my back pocket!!!!