Share Transfers Agreed/Cooling off period

[Aidan the Hibby]

I must've missed something here?? Apparently there fine and were ****ed financially......?? They'll sail through this and come out the other side debt free whilst we are lying In £8 million debt which is rising uncontrollably


Roasters.

[Gus Fring]

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I must've missed something here?? Apparently there fine and were ****ed financially......?? They'll sail through this and come out the other side debt free whilst we are lying In £8 million debt which is rising uncontrollably


Roasters.

I've yet to hear any Yam explain why, if the above were true, Hibs would not simply do whatever Hearts are about to do to achieve said debt free status?

[YehButNoBut]

They are really getting the Yams pumped up at the moment, latest on Hearts website states that there has been a "spectacular" response from the fans.

Most of them I've come across seem so chuffed with everything just now and are convinced everything will turn out wonderful, they must be the happiest lot ever to go into administration.

They're really getting on my mammaries just now.

http://www.heartsfc.co.uk/articles/2...241384_3227757

[The Green Goblin]

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This BDO Mob are not to my liking they seem to be favouring the yams instead of looking after the creditors best interests

Goblin agrees. Goblin thinks they are in danger of shirking their responsibilities. (Personally, I LOVE your posts in 3rd person referring to yourself - keep it up! )

[#FromTheCapital]

http://bit.ly/17KDWN7

Administrator says they are considering newco

[Saorsa]

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They are really getting the Yams pumped up at the moment, latest on Hearts website states that there has been a "spectacular" response from the fans.

Most of them I've come across seem so chuffed with everything just now and are convinced everything will turn out wonderful, they must be the happiest lot ever to go into administration.

They're really getting on my mammaries just now.

http://www.heartsfc.co.uk/articles/2...241384_3227757

Which is why it'll be so much funnier when it all goes wrong and they are eliminated.

[Treadstone]

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Administrator says they are considering newco

Until administrators are appointed at UBIG, BDO are restricted in what they can do. “That is the wrinkle,” said Birch. “I am not saying you can start a second season in administration. It starts to get a bit tricky. I would like to think we’re out by the window in January, but you can’t call it.”

"...second season in admin..tricky...out by the window in January...but you can’t call it."

Keep talking.

[Hank Schrader]

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Administrator says they are considering newco

If that is the final outcome for the pink reprobates it'll be interesting to see how they view the history of Old/New Hearts? No doubt, when Sevco appeared from the ashes of dead Huns they'll have been shouting from the rooftops "brand new team" "No history" etc etc

Expect world record amounts of double standards and contradictions...

[CyberSauzee]

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Administrator says they are considering newco

That sends me to my kip on a happy note :-)

[SaulGoodman]

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Administrator says they are considering newco

That..

That's just lovely.

[Bostonhibby]

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LOVE your posts in 3rd person referring to yourself - keep it up!

Agree, takes the old Andy Goram song to a new level.

Three Sidneyhibbies, there's only 3 Sindeyhibbies.

[#FromTheCapital]

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That sends me to my kip on a happy note :-)

Great bedtime reading I have to say. Newco hearts is getting to the level of punishment that I'd find acceptable, so fingers crossed. Had a wee peak on brokeback to see the initial reaction to it and there's plenty of going on already

[monktonharp]

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Great bedtime reading I have to say. Newco hearts is getting to the level of punishment that I'd find acceptable, so fingers crossed. Had a wee peak on brokeback to see the initial reaction to it and there's plenty of going on already

maybe, the best way to conteract the possible newco alternative, If they do turn up for the start of the season, all Hibs fans can think of the best way of not helping them.................by counting what £27 x 3500= on the 10th of AUG.

[Dashing Bob S]

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Administrator says they are considering newco

Trev starting to display extreme signs of brown stains in the trousers, and prime the maroon hordes for the inevitable. Translates as: 'we've got to get out from this mess with our fee asap.'

[ian cruise]

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maybe, the best way to conteract the possible newco alternative, If they do turn up for the start of the season, all Hibs fans can think of the best way of not helping them.................by counting what £27 x 3500= on the 10th of AUG.

It's almost £100k to our managers fund if we just give it straight to Hibs instead (or 90k and the rest for the pints while game is watched in local, supporting the local wconomy and that!)

You get the fence, I will get the "Careful Now" and "Down With This Sort Of Thing!" Placards so we can stop those who don't see things our way.

[Tollhouse Hibee]

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Administrator says they are considering newco

fan f***ing tastic!

[Part/Time Supporter]

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Administrator says they are considering newco

Meh, you read it on hibs.net (the day before) yesterday...

Trevor Birch:

If we cannot get the shares then we have to start thinking: ‘is there another way of doing it?’ That might mean, of course, the Rangers way. They set up a newco because they could not do a CVA because of HMRC. But that took them out of the league, so there is a precedent there. You try and avoid that at all costs. Whether the SPFL and the SFA would treat us the same way, I don’t know.

I am anticipating that it might be a prolonged process and we have to be ready for that. The best guess for the earliest time to come out of administration would be three to four months. That [UBIG] is the wrinkle. I am not saying you can start a second season in administration. It starts to get a bit tricky. I would like to think we’re out by the window in January, but you can’t call it.

He's admitting that if it wasn't for the Rangers precedent of what happens to a newco in Scotland then that's what they would be doing now. They may try that and plead for leniency on the grounds that they are being forced to set up a newco for non-football reasons. I don't think that would wash though.

I think the "second season" chat will have come from him mentioning that the Portsmouth administration, which came about due to the collapse of a Lithuanian bank, took over a year. Unless the UBIG shares become available quickly, BDO have two options: 1) go down the newco route and gamble they will get off lightly compared to Rangers; or 2) continue in administration for a long time and gamble that a threadbare squad can survive in the SPL without reinforcements. A heads we lose, tails you win scenario.

[Sanger]

lithuanian authorities have learnt lesson of Snoras Quickly liquidated Ukio bankas and moved depositors to functioning bank making them good on their deposits. Creditors where issued a notice on claims on Tuesday. Administrator has clear view of tangled webb with UbIG. They have accessed assets they can sell to start to fill the whole IOC £200 million the state put in to make good depositors. They have target for Tynie/Hearts. Flush out the bids to see if they come close. If not liquidation !

[HibeeMG]

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lithuanian authorities have learnt lesson of Snoras Quickly liquidated Ukio bankas and moved depositors to functioning bank making them good on their deposits. Creditors where issued a notice on claims on Tuesday. Administrator has clear view of tangled webb with UbIG. They have accessed assets they can sell to start to fill the whole IOC £200 million the state put in to make good depositors. They have target for Tynie/Hearts. Flush out the bids to see if they come close. If not liquidation !

I like the sound of that.

An unknown would be what target they have in mind? And is the target figure for Tynecastle on it's own... the Hearts club, brand and players as a separate package or ... the whole shooting match as a oner?

[Moulin Yarns]

I would just like to join the debate and confuse things further.

[Biggie]

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Administrator says they are considering newco

Diet newco.....hmmm

[Hibee87]

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I would just like to join the debate and confuse things further.

Go on, confuse us......whats your thoughts

[Viva_Palmeiras]

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Goblin agrees. Goblin thinks they are in danger of shirking their responsibilities. (Personally, I LOVE your posts in 3rd person referring to yourself - keep it up! )

"Mother - it's happening again..."

[GloryGlory]

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Trev starting to display extreme signs of brown stains in the trousers, and prime the maroon hordes for the inevitable. Translates as: 'we've got to get out from this mess with our fee asap.'

Also translates as "Thanks, mugs. When we came in there was no cash left to pay anybody anything, now we can make sure we keep back enough cash to trouser our hefty fees when we want. We've done a Romanov on you."

You wonder how they are going to manage as far as January, the way they are spending next season's cash now just to keep standing still. Sometime soon, the administrator will probably ask the season ticket holders to start buying a ticket every game for the seat they've already paid for.

[ScottB]

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If that is the final outcome for the pink reprobates it'll be interesting to see how they view the history of Old/New Hearts? No doubt, when Sevco appeared from the ashes of dead Huns they'll have been shouting from the rooftops "brand new team" "No history" etc etc

Expect world record amounts of double standards and contradictions...

In their case the oldco will quite clearly still be owned by the Liths, making it that much harder to claim to be the same...

[HibbySpurs]

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Administrator says they are considering newco

Hopefully that article will put some of the yams delusional delirium over the last few days at a peep as they say

Then again probably not as they'll somehow spin this into an allisbarry story

[PapillonVert]

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Birch on SSN saying they cant sell shares yet.

Also said buyers dont need to fill a "gaping hole" in finances? Did I get that right?

It's HMFC - they're "self-sufficient", don't you know?

Do try to keep up.

[Hibernia Na Eir]

are this lot still breathing? wish someone would turn off their f***** life support!!

[Www1875hfc]

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are this lot still breathing? wish someone would turn off their f***** life support!!

I'm sure the operation was a success, but the patient will die anyway.

[#FromTheCapital]

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Hopefully that article will put some of the yams delusional delirium over the last few days at a peep as they say

Then again probably not as they'll somehow spin this into an allisbarry story

According to some of the clowns on brokeback it's the Scotsmans fault for printing this story and twisting it. Apparently the media want them to go bust and its all a conspiracy against them
Completely ignoring the fact that there's quotes from Birch in that article clearly stating that a newco is a possibility. Fannies the lot of them... Deluded, arrogant fannies.