Share Transfers Agreed/Cooling off period

[Dunderhall]

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Hopefully the SFA considers this exploiting of a loophole when it comes to issuing their sanction for Hearts entering administration. A season long embargo sounds fair to me, perhaps with a fine as well. I won't hold my breath.

I agree, not going blue in the face either.

No doubt he'll now be a saviour when most of them agreed he wasn't any good in the centre of defence and should be played at left back.

Strange he didn't get better offers, still beggars on both sides can't be choosers.

[Hibercelona]

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I'm going against the grain here but...

They haven't broken any of the player registration rules so there can't be a complaint from that point of view. Also, as Sutton refused a contract and left, I expect the wages freed up by him leaving are paying for Wilson.


I personally don't see what the problem is. They're in desperate need of practically a whole team and this week have replaced one player with another. It's not exactly going to make them unbeatable.

But what would have been wrong with letting Sutton go and using the money they would have saved to keep staff in their jobs?

They have ultimately paid for him using staff lay offs.

[Pretty Boy]

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Sutton reduced a wage reduction and was made redundant. He didn't refuse a new contract and just left!

Surely a loan registration is different to a player that is owned?

Re the 2nd part. That's my thoughts too. Surely his contract amd registration is still to Liverpool. A loan move must be different. The rules maybe haven't been broken but they have been twisted and then some.

Aside from that it's morally shocking. The glee abou I on kicknack is just wrong. 14 people on 'ordinary' wages are out a job in a tough financial climate yet they are celebrating signing Danny Wilson, who even on a reduced wage won't be on less than a grand a week.

Utterly shameless.

[Frazerbob]

I wonder how the "fantastic people who have dedicated years to the club", according to Gary Cocke, feel about this after loosing their lowly paid jobs a mater of days ago?

[Spike Mandela]

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Hopefully the SFA considers this exploiting of a loophole when it comes to issuing their sanction for Hearts entering administration. A season long embargo sounds fair to me, perhaps with a fine as well. I won't hold my breath.

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I'm going against the grain here but...

They haven't broken any of the player registration rules so there can't be a complaint from that point of view. Also, as Sutton refused a contract and left, I expect the wages freed up by him leaving are paying for Wilson.


I personally don't see what the problem is. They're in desperate need of practically a whole team and this week have replaced one player with another. It's not exactly going to make them unbeatable.

They have made 14 people redundant, sacked players and bumped creditors for millions and have now signed a player contracted to Liverpool. The spirit of financial fair play made a mockery again. Yet another loophole which authorities need to look at.

Not sure if the administrators would have come up with this on their own or wether it was suggested to them by someone within the corridors of power.

[Pretty Boy]

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I wonder how the "fantastic people who have dedicated years to the club", according to Gary Cocke, feel about this after loosing their lowly paid jobs a mater of days ago?

It' ok. All that money raised on kickback can pay one players wages for a few months.

Erseholes.

[KanyeWestLower]

Just seen the press release, surely Wilson is still considered a Liverpool player until tomorrow? Therefore couldn't agree a contract extension with Hearts as he wasn't a player? Heads gone

[Lucius Apuleius]

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But what would have been wrong with letting Sutton go and using the money they would have saved to keep staff in their jobs?

They have ultimately paid for him using staff lay offs.

Now slap me down if I am wrong, it has been known, however were you not one who advocated that East Mains money could be better spent on players? If so, and it is an IF, then I detect a little irony. Why have so many backroom staff when it is players that are needed? This is not condoning his signing, I don't know the intracies of the case.

[Part/Time Supporter]

Interesting to note that this is what Tom English wrote about Rangers' attempt to sign Daniel Cousin while in administration.

http://www.scotsman.com/scotland-on-...-air-1-2125647

Given the stunning events of the week at Rangers it might seem a little peculiar to begin any cataloguing of the shame that has befallen the club with a tale about Daniel Cousin, but it is a revealing one all the same. On Friday afternoon, Rangers were, in their own words, “very, very hopeful” of signing the Gabon striker on a reported salary of £7,500 a week. There was talk of “bits of red tape” to get through, but the club seemed confident the deal would happen.

Bizarrely, the representatives of Duff & Phelps, the club’s administrators, said nothing. There was no mention, for instance, of the signing ban imposed on the club as of last Tuesday’s descent into administration. There was no mention either of the ethics of the situation, no chat about the morality of bringing a new footballer to the club just 24 hours after the administrators spoke publicly about an unpaid HMRC bill of £9m and the fact that staff at Ibrox may lose their jobs in the coming weeks as a result of the financial mismanagement of Rangers going back many years.

A point of order was required from the administrators, but it never arrived. A principled stance from the club, then? No. Somebody in authority and in possession of a conscience needed to say: “Apart from being against the rules, it’s also not right to sign anybody when redundancies are in the air and the taxman needs paying.”.

If they had a spare £7,500 a week then the decent thing to do would have been to meet some bills and try to ease some tension in the lives of those fearful of losing their jobs.

But, no. The plan was to give it to Cousin in an attempt to sort out their “problems up front”. Crass and insensitive, but also curious. Rangers went into administration on Tuesday. On Friday, the SPL were presented with a contract between Cousin and Rangers which was signed by the player and by Paul Clark, the joint administrator of the club. The date on the contract was 17 February, a full three days after Rangers’ ability to sign players ought to have been revoked. Now, even if Clark was entitled to ease that restriction, why would he want to? In what way was Cousin’s attempted signing a sensible decision for an administrator to make given the revelations about the state of this club’s finances?

It was only right that the SPL dynamited Cousin’s registration, but all sorts of questions remain about why it was even presented in the first place. The administrators cancelled a Rangers Hall of Fame dinner scheduled for this evening because they didn’t deem it appropriate and yet they give the move for Cousin their imprimatur. Like a lot of other things at Rangers, it needs some explaining.

God knows, there are enough villains in this farce without picking on the administrators, but some of the things that have happened since Tuesday demand an airing. For instance, their apparent certainty that liquidation is not a likely outcome and that Rangers “will continue as a football club”. Given that they don’t know the extent of Rangers’ current debt, don’t know what the HMRC bill may be, don’t know, either, what the situation is with the club’s assets and who actually owns them then it is a total puzzler as to how they can be so confident of anything right now. Craig Whyte has retreated for the moment. The advice would be that he keeps retreating until he’s away in the distance – and then he should turn on his heels and leg it. But he won’t. He firmly believes he has nothing to apologise for, that everything he has done has been in the best interests of the club. If his grand plan was to torch creditors and re-establish Rangers in a debt-free world he reckoned without the damage it would cause to the credibility of the club and the vengeance that might be visited upon him by supporters who now wear the colours of a humiliated institution. There is no way Whyte can lead this club forward. He is about as welcome at Ibrox as Sir David Murray, a man whose way of facing up to his own culpability in the ruination of Rangers is to go to ground.

So many people share the blame, but instead of humility at Rangers we get the objectionable attempt to slip the millionaire Cousin in the front door while preparing to usher the redundant out the back.

I wonder if he will be as critical of Hearts (re)signing Danny Wilson?

BTW, if folk are that bothered about how the SFA and/or the SPFL have handled this, why not contact the vice president of the SFA?

[Keith_M]

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Sutton reduced a wage reduction and was made redundant. He didn't refuse a new contract and just left!

Surely a loan registration is different to a player that is owned?

I realise that's a different situation regarding contracts but the mention of Sutton was in reply to where they're getting the money from. He must have freed up some (imaginary) wages

[truehibernian]

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Re the 2nd part. That's my thoughts too. Surely his contract amd registration is still to Liverpool. A loan move must be different. The rules maybe haven't been broken but they have been twisted and then some.

Aside from that it's morally shocking. The glee abou I on kicknack is just wrong. 14 people on 'ordinary' wages are out a job in a tough financial climate yet they are celebrating signing Danny Wilson, who even on a reduced wage won't be on less than a grand a week.

Utterly shameless.

The glee will wear off if they watch again his defending in their League Cup final defeat to St Mirren.

He's very poor and hugely over rated - perpetuated by the media when he was at Rangers, and the national side have/had the worst central defenders in a decade.

[HibeePaj]

Mid year review of the Hearts 2013 calender.

http://www.youtube.com/watch?v=eIWm5G5srKA

[Treadstone]

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Mid year review of the Hearts 2013 calender.

http://www.youtube.com/watch?v=eIWm5G5srKA

[Saorsa]

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They're obviously going to try and make a quick buck and punt him on and he gets a chunk of the sell on fee.

If that's the best plan they have tae save themselves then Havnae heard of any interest in him apart from the yams, if naebody is trying tae pick him up now when his contract is about tae run out, why on earth would they pay for him later once he's signed for the ****s? When they go down the tubes he will be free tae walk again anyway so again why on earth would anybody pay?

[Hibercelona]

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Now slap me down if I am wrong, it has been known, however were you not one who advocated that East Mains money could be better spent on players? If so, and it is an IF, then I detect a little irony. Why have so many backroom staff when it is players that are needed? This is not condoning his signing, I don't know the intracies of the case.

I'm not arguing with your logic on this.

But "morally", they're 2 completely different scenarios.

[Sanger]

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Had the chance to chat to an expert on business finance earlier today.

She reckoned the only option open to Hearts without any other real potential outcome was liquidation.

:pfgwa

Been saying that for months. Just a matter of time.

[BH Hibs]

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If that's the best plan they have tae save themselves then Havnae heard of any interest in him apart from the yams, if naebody is trying tae pick him up now when his contract is about tae run out, why on earth would they pay for him later once he's signed for the ****s? When they go down the tubes he will be free tae walk again anyway so again why on earth would anybody pay?

Agree with this 100%. What I don't get is how they can still hold his registration now when he was on loan until the end of the season not the end of his Liverpool contract. Who has been paying his wages between then and now?

[greenpaper55]

No problem with then signing him , it must surely mean that they can pay their fees for the use of Riccarton ?.

[brog]

How does unnecessarily increasing the wage bill fit with the Administrators' objectives of obtaining the best deal for their shareholders? I think they're taking a chance ( it won't work ) that this news will somehow boost ticket sales. IMO however that seems to be taking a large step into football business & speculation & away from the Administrators' core responsibilities. I would appreciate, CWG, CG, Desanto etc take on this.

[jonny]

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Agree with this 100%. What I don't get is how they can still hold his registration now when he was on loan until the end of the season not the end of his Liverpool contract. Who has been paying his wages between then and now?

Certainly not Hearts because they've not been paying any wages!!
FWIW I really couldn't care less whether Wilson goes there or not. He's hardly going to make a huge difference to their plight. If they stumble through the season they'll be relegated regardless.

[sbell1875]

I don't quite understand the registration rules but he was only on loan from Liverpool and was surely registered with the English FA? Now I can understand he was registered to play with Hearts but surely that registration ended along with his loan at the end of the season?

[SaulGoodman]

Other countries must laugh at Scottish Football.

While loyal workers are losing their jobs this club continues to sign more players, and the spl just let this happen?

Meanwhile the Hearts fans lap it up and take it as another victory over the 'wee team'

[greengnome]

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Scottish football is rotten to the core.

[SmallvilleHibee]

I genuinely feel sorry for those at Tynecastle losing their jobs. Surely signing Wilson is a kick in the face to all those made redundant.
Oh well makes it even better when those bas****s die.

[Geo_1875]

"Technically" they've done nothing wrong. The players registration is transferred between clubs during the loan period. The contracts are a different matter. When he came to hertz there would be a contract between the clubs but no contract between hertz and Wilson. I don't think the SFA need to see the interclub contract and any terms in there would be irrelevant. However, normally, his registration should have been returned to Liverpool at the end of the Scottish season and he would have officially been their player until today and unable to sign for hertz as they're now embargoed.

[Col2]

So let me get this right. HMFC (IA) are able to run up a c£25-£30m core debt, stop paying wages, HMRC, police, training landlords, council and any other business they got services from.

They can exit without notice and payment , 14 members of staff and threaten other players they need to make pay cut.

They can continue not to pay any wages or any past debt (protected) while every other club has bills to pay.

Then Gary Locke goes on radio saying they have been punished enough, doesn't expect to get a transfer embargo and hopes he can bring lots of new players In August.

And now in advance lf that, any CVA etc they can sign a Scottish internationalist, a player the rest of Scottish football can't afford (except Celtic and even allowing for 50% pay cut).

Is that the some total of it?

[SaulGoodman]

Get these ***** out of this league.

That's all I have to say

[bingo70]

Could it be that the administrators know they'll either be liquidated or in new ownership by the time he would need to be paid next and a months wage for Wilson won't make any difference, if signing him shifts a few season tickets then no harm in trying?

It's no right they can even try and add to their wage bill but can't say i'm overly bothered, he's no that good.

[kaimendhibs]

This would only happen in Scotland. It's a national disgrace


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[sauzee=legend]

Transfer window doesn't open until 1st July - so no transfers should be Complete and with them having a transfer embargo, this deal shouldn't be allowed.