Share Transfers Agreed/Cooling off period

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

Would like to hear more about his turbulent eight months in Hong Kong.

http://www.scmp.com/article/1002239/...art-says-mckie

[wazoo1875]

This quote is hidden because you are ignoring this member. Show Quote

I was at school with him. He's a decent guy.

Can you tell me offhand, do these consortiums ever work CWG? How wealthy can these guys be to need to go into something like this mob handed, they're going to need a hell of a lot of cash to keep Hearts just above the breadline given the nick of Tynie and their lack of a proper infrastructure. The only way I can see this working would be a long term strategy and given the length of time it's taken Hibs to get where we are today, I can see the powderpuff pinks being up in arms before 3 or 4 seasons are done.

[SurferRosa]

This quote is hidden because you are ignoring this member. Show Quote

Could be.... but, as he says, it could die a death.

He seems to have a figure in mind. Whether that's enough for the creditors is anyone's guess.

True. It was always going to come down to how much the Liths are prepared to accept and how much any consortium is prepared to lose.

.....and how long UBIGs assets remain frozen of course. Guess we`ll find out in the coming weeks..

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

Can you tell me offhand, do these consortiums ever work CWG? How wealthy can these guys be to need to go into something like this mob handed, they're going to need a hell of a lot of cash to keep Hearts just above the breadline given the nick of Tynie and their lack of a proper infrastructure. The only way I can see this working would be a long term strategy and given the length of time it's taken Hibs to get where we are today, I can see the powderpuff pinks being up in arms before 3 or 4 seasons are done.

They can work if they're structured properly. But, as with any collection of "successful" people, it can be difficult to avoid egos getting in the way. The more there are, the more difficult it becomes. Conversely, the more there are, the less money each is putting in.

What GM says is that they aren't in it for the money, and that is a positive for them.

[rcarter1]

This quote is hidden because you are ignoring this member. Show Quote

http://www.scmp.com/article/1002239/...art-says-mckie

Sounds perfect.

[shezer]

This quote is hidden because you are ignoring this member. Show Quote

Are you a Zjambo mole or have not read all 770 pages of this thread I detail?

How dare you!!!That's a sick question to ask a fellow poster on hibs.net. Ya freak

Hearts seem to get good(favourable) coverage.Why?

I'm preparing myself for the worst. Last year Rangers were in serious trouble and I thought that was that.No more rangers, but somehow those tramps managed to go to division 3 and keep all their(cheated) titles and history.

[wazoo1875]

This quote is hidden because you are ignoring this member. Show Quote

They can work if they're structured properly. But, as with any collection of "successful" people, it can be difficult to avoid egos getting in the way. The more there are, the more difficult it becomes. Conversely, the more there are, the less money each is putting in.

What GM says is that they aren't in it for the money, and that is a positive for them.

Thanks for that. That's what I was thinking about egos and such. It's easy for guys to fall out in a high pissing contest ! I realise they don't have to put so much into it but you just can't see them all singing off the same hymn sheet over a long period of time. While it may be good for them as a short fix ie. 2 to 3 years, inevitably they'll be looking for something different again. Would I be right in saying this ?
Ps I really do know nothing of this sort of thing :-)

[hibees 7062]

This quote is hidden because you are ignoring this member. Show Quote

http://www.scotsman.com/sport/football/top-football-stories/gordon-mckie-heading-consortium-to-buy-hearts-1-2973889?utm_medium=twitter&utm_source=dlvr.it

Gordon McKie?

I don't know them all he said . Now thats a consortium

[shezer]

This quote is hidden because you are ignoring this member. Show Quote

Perspective needed shezer.

That's Jamie Hamills gross wage for a month!

Or put another way, if they pay Hamill his salary this month, they have given him £20k for sitting on the couch eating a family sized bag of Cheesy Puffs.

Put like that. That's pleasing

[Springbank]

This quote is hidden because you are ignoring this member. Show Quote

I don't know them all he said . Now thats a consortium

BDO : show us your money

ConsortiYam : aww no-one told us you'd need money

BDO : Good day gentlemen

[crewetollhibee]

This quote is hidden because you are ignoring this member. Show Quote

http://www.scotsman.com/sport/football/top-football-stories/gordon-mckie-heading-consortium-to-buy-hearts-1-2973889?utm_medium=twitter&utm_source=dlvr.it

Gordon McKie?

Check the reader's comment from 'Gers in Canada'. 'walk away from the debt over Tynecastle; let the rest go hang'. Jeezo.........

[The Green Goblin]

That question from Bathgate was utterly pathetic. What a total desperate fud.

I'm now actually hoping they last a few more months, somehow, before they pop once and for all, just long enough for us to hand out two all-time record humiliations in the derby.

We want 8...

We want 8...

[Phil D. Rolls]

“We’ve done a lot of diligence. Given my background in rugby and sport I know what I’m doing.

Yes, but how are you with submarines?


“

We’re not a bunch of spivs. The people around me are reputable, credible and individually wealthy and have Hearts best interests at heart because most of them are Hearts supporters. I don’t know them all, but I know some of them. These guys keep good company. They are like-minded souls who haven’t enjoyed reading and hearing about what has happened at Tynecastle in recent times.

Must be OK then, what's his name, "Mr." What?

[Hibs07p]

This quote is hidden because you are ignoring this member. Show Quote

http://www.scotsman.com/sport/football/top-football-stories/gordon-mckie-heading-consortium-to-buy-hearts-1-2973889?utm_medium=twitter&utm_source=dlvr.it

Gordon McKie?

This updated story goes a bit more in depth,

http://www.scotsman.com/scotland-on-...club-1-2973951

talking about shared ground with Edinburgh rugby at a later phase, ( David Murray planning application / Edinburgh City Council bending over backwards, anyone?), but my opinion regarding this report, indicates they want a quick sale of the club, (leaving Tynecastle behind), and getting Hearts out of admin before the transfer window closes, so that the cheating can start as soon as possible. I assume Murrayfield could be back on the agenda very soon as alternative temporary accommodation.
GGTTH

[Viva_Palmeiras]

This quote is hidden because you are ignoring this member. Show Quote

I don't know them all he said . Now thats a consortium

Any good consortium needs a name.

pheonix knights or the Anthill Mob for me.

[Sanger]

This quote is hidden because you are ignoring this member. Show Quote

This updated story goes a bit more in depth,

http://www.scotsman.com/scotland-on-...club-1-2973951

talking about shared ground with Edinburgh rugby at a later phase, ( David Murray planning application / Edinburgh City Council bending over backwards, anyone?), but my opinion regarding this report, indicates they want a quick sale of the club, (leaving Tynecastle behind), and getting Hearts out of admin before the transfer window closes, so that the cheating can start as soon as possible. I assume Murrayfield could be back on the agenda very soon as alternative temporary accommodation.
GGTTH

Yes oversaw the financial collapse of Scottish rugby and had 8 turbulent months at Hong Kong Rugby. Sounds just the man for the job!

http://www.amazon.co.uk/gp/aw/d/B007...dir_mdp_mobile

[Springbank]

This quote is hidden because you are ignoring this member. Show Quote

Any good consortium needs a name.

pheonix knights or the Anthill Mob for me.

But will Scott Wilson be replaced by DJ Ray Vaughan?
Shabby!

[Spike Mandela]

This quote is hidden because you are ignoring this member. Show Quote

This updated story goes a bit more in depth,

http://www.scotsman.com/scotland-on-...club-1-2973951

talking about shared ground with Edinburgh rugby at a later phase, ( David Murray planning application / Edinburgh City Council bending over backwards, anyone?), but my opinion regarding this report, indicates they want a quick sale of the club, (leaving Tynecastle behind), and getting Hearts out of admin before the transfer window closes, so that the cheating can start as soon as possible. I assume Murrayfield could be back on the agenda very soon as alternative temporary accommodation.
GGTTH

The SFA sanctioned Dunfermline with an embargo till the end ofthe year for entering administration, even the SFA couldn't treat a member club differently so soon after sanctioning Dunfermline, could they?

[jacomo]

This quote is hidden because you are ignoring this member. Show Quote

This updated story goes a bit more in depth,

http://www.scotsman.com/scotland-on-...club-1-2973951

talking about shared ground with Edinburgh rugby at a later phase, ( David Murray planning application / Edinburgh City Council bending over backwards, anyone?), but my opinion regarding this report, indicates they want a quick sale of the club, (leaving Tynecastle behind), and getting Hearts out of admin before the transfer window closes, so that the cheating can start as soon as possible. I assume Murrayfield could be back on the agenda very soon as alternative temporary accommodation.
GGTTH

Oh, this sounds like Brian Kennedy... And then he mentions his connection to Brian Kennedy in the article.

Quantum!

[brog]

This quote is hidden because you are ignoring this member. Show Quote

This.



Yams have been given a fish and are also being beaten black and blue with the rod.

This quote is hidden because you are ignoring this member. Show Quote

http://www.scmp.com/article/1002239/...art-says-mckie

Sounds like another Chuck Green looking to make a quick buck. This time last year he was spending all his time in HK trying to buy Oldco, now he's a Yam! Suspect he may be one of the chancers circling the wagons. Note he also met BDO before BDO made statement re no credible bid!!
PS, where have all the Scandis gone?

[Part/Time Supporter]

Two interesting bits in the papers...

One mentioned above, the desire on part of at least one bidder (presumably the McKie group) to get out of administration before 31 August to give them a better chance of avoiding relegation. I think the SFA/SPL will have something to say about that... Dunfermline went into administration in early April and have been put under embargo until 31 December. The problem with this kind of suggestion for Hearts is that it suggests the bid is kind of conditional on being able to sign players pre-31 August - either they will reduce the price offered or withdraw completely. At least two groups withdrew simply because they went into administration and had the 15 points deducted.

Second one is that Tom English suggests that the Lithuanians' value on Hearts is £8M: £5.5M for the PBS and 10p in the £ for the debt (£2.5M). Although he attaches the rider that "accuracy is not at all clear". Hidden well down in the article linked below. This is significant because I haven't really seen before a figure given before of what the Lithuanians might be looking for.

http://www.scotsman.com/sport/footba...club-1-2973951

As for the ticket sales / costs, I think they'll raise enough to keep the doors open long enough for bids to be made and considered. Novikovas has signed for a German second division club which *may* entitle them to compensation. The £800K figure for salary costs Ewan Murray tweeted I believe would be an annual player budget figure now, given that their squad now is mostly youths who won't be on >£50K pa.

It doesn't really matter whether they sell more than 3000 or a bit less than 3000, the question is getting enough cash in place to pay a bit of wages, keep HMRC happy and paying any other suppliers on demand. They don't necessarily need huge amounts to do that now, with costs reduced by the administrators. The only danger of immediate liquidation would have been if there had been hardly any response at all to Jackson's appeal on Thursday evening. The greater danger is if the Lithuanians' asking price remains stubbornly high relative to what bidders may offer (see above).

[TrinityHibs]

Now we know where the share money went

http://www.aol.co.uk/video/ultraluxu...ool/517808830/

[Moon unit]

As i have said previously, These Roasters will get away with this!...as usual they fall in the SH 1 T and come up smelling of roses!..too many are painting the doomsday scenario, but my sneaking feeling is that they will wriggle out of it, and they will be back with their billy big Baw's ways ... Big club etc etc!!!. I dont think the administrators are being ruthless enough in the pursuit of the truth!
if edinburgh Council help them out over this matter....I will be finished with Scottish football..end of!

[IWasThere2016]

£8m for the liabilities that are their trading position - no cash purchased either - and the disaster area that is PBS!

That's gonna take some seriously mental multi-millionare to step forward.

Roll up, roll up

[Col2]

This quote is hidden because you are ignoring this member. Show Quote

Two interesting bits in the papers...

One mentioned above, the desire on part of at least one bidder (presumably the McKie group) to get out of administration before 31 August to give them a better chance of avoiding relegation. I think the SFA/SPL will have something to say about that... Dunfermline went into administration in early April and have been put under embargo until 31 December. The problem with this kind of suggestion for Hearts is that it suggests the bid is kind of conditional on being able to sign players pre-31 August - either they will reduce the price offered or withdraw completely. At least two groups withdrew simply because they went into administration and had the 15 points deducted.

Second one is that Tom English suggests that the Lithuanians' value on Hearts is £8M: £5.5M for the PBS and 10p in the £ for the debt (£2.5M). Although he attaches the rider that "accuracy is not at all clear". Hidden well down in the article linked below. This is significant because I haven't really seen before a figure given before of what the Lithuanians might be looking for.

http://www.scotsman.com/sport/footba...club-1-2973951

Spot on PTS.

Les just say for arguments sake then any new bidder needs to find c£6.5-7m to purchase club, stadium etc and achieve a CVA.

They would also need additional c£2m extra working capital to see them through the season.

They would need to pay BDO as part of deal - say £0.5m.

So that's between £9-£10m cash investment. There is not a business case that exists that would give them payback o this investment even over 10 years.

[Col2]

This quote is hidden because you are ignoring this member. Show Quote

As i have said previously, These Roasters will get away with this!...as usual they fall in the SH 1 T and come up smelling of roses!..too many are painting the doomsday scenario, but my sneaking feeling is that they will wriggle out of it, and they will be back with their billy big Baw's ways ... Big club etc etc!!!. I dont think the administrators are being ruthless enough in the pursuit of the truth!
if edinburgh Council help them out over this matter....I will be finished with Scottish football..end of!

Bollocks. Golden rule. Don't listen to the media spin. Listen to BDO and Hibs.net. The most accurate source of info.

[Viva_Palmeiras]

This quote is hidden because you are ignoring this member. Show Quote

Two interesting bits in the papers...

One mentioned above, the desire on part of at least one bidder (presumably the McKie group) to get out of administration before 31 August to give them a better chance of avoiding relegation. I think the SFA/SPL will have something to say about that... Dunfermline went into administration in early April and have been put under embargo until 31 December. The problem with this kind of suggestion for Hearts is that it suggests the bid is kind of conditional on being able to sign players pre-31 August - either they will reduce the price offered or withdraw completely. At least two groups withdrew simply because they went into administration and had the 15 points deducted.

Second one is that Tom English suggests that the Lithuanians' value on Hearts is £8M: £5.5M for the PBS and 10p in the £ for the debt (£2.5M). Although he attaches the rider that "accuracy is not at all clear". Hidden well down in the article linked below. This is significant because I haven't really seen before a figure given before of what the Lithuanians might be looking for.

http://www.scotsman.com/sport/footba...club-1-2973951

As for the ticket sales / costs, I think they'll raise enough to keep the doors open long enough for bids to be made and considered. Novikovas has signed for a German second division club which *may* entitle them to compensation. The £800K figure for salary costs Ewan Murray tweeted I believe would be an annual player budget figure now, given that their squad now is mostly youths who won't be on >£50K pa.

It doesn't really matter whether they sell more than 3000 or a bit less than 3000, the question is getting enough cash in place to pay a bit of wages, keep HMRC happy and paying any other suppliers on demand. They don't necessarily need huge amounts to do that now, with costs reduced post-administration. The only danger of immediate liquidation would have been if there had been hardly any response at all to Jackson's appeal on Thursday evening. The greater danger is if the Lithuanian's asking price remains stubbornly high relative to what bidders may offer (see above).

"[BDO] need to evaluate what is real and what isn’t."

There are things real and things unreal and in between is The Hearts ;)

[Treadstone]

This quote is hidden because you are ignoring this member. Show Quote

Oh, this sounds like Brian Kennedy... And then he mentions his connection to Brian Kennedy in the article.

Quantum!

Brian Kennedy is like one of those guys who confesses to murders he has not committed.

Total publicity junkie.

[Viva_Palmeiras]

My take on all this McKie's Anthill mob ...

Vlad knew when he was schmoozing around Embra getting introduced and doors opened by That's All Foulkes and Co. that he could make interesting contacts in the political circles and inancial sector to help him and his banking operations plus they come in handy in the end game when he'd have them by the short and curlies know who they were, their worth and loyalty to the Yams when the chips are down. Handy. But it appears to have been a long drawn out game of brinkmanship where Vlads bluff has in effect been called through "events dear boy". So now what's done is done they're having to pick up the pieces but is it too little to late and would they pick up a bargain or a basket case?

[s.a.m]

This quote is hidden because you are ignoring this member. Show Quote

Brian Kennedy is like one of those guys who confesses to murders he has not committed.

Total publicity junkie.