Share Transfers Agreed/Cooling off period

[itslegaltender]

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Admin Cup is confirmed - apologies if already posted:

http://www.scotsman.com/sport/footba...-cup-1-2994496

All proceeds will go to BDO and they will divvy out between the two clubs, i.e. keep the cash and use it to pay bills as they see fit.

Is this a big enough cup for you Yams?

Surely they are playing for the "Begging Bowl"?

[ScottB]

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Of course... and a brand new bowl stadium (with gym, crèche, shops, restaurants and of course the ability to host big gigs).

#allisbarry
#shandeal

They'll need to change their recruitment policies then or some of their staff won't be allowed inside the stadium...

[basehibby]

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Could be Trump thinks theres money to be made with a "Gorgie Wind Farm"

Gorgie Wind AND Pish Farm shurely

[silverhibee]

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http://www.bbc.co.uk/sport/0/football/23227616

"Hostages of fortune" Think they boy watched too much of the A-Team back in the day and has got confused.

"The thing for me, right throughout the Romanov tenure, is a sense of frustration," he said on a baking hot day.

Never new there was another cake a bake day planned. Me think the reporter is taking the Gary Locke. ie pish

[macca70]

http://club9sports.com/#2720

Looks like Club 9 would separate the good assets (if there are any) from the bad then start again.

So surely it would mean liquidation and then setting up as a Newco.

[CropleyWasGod]

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http://club9sports.com/#2720

Looks like Club 9 would separate the good assets (if there are any) from the bad then start again.

So surely it would mean liquidation and then setting up as a Newco.

Yes. Jamieson has already set up the company.

[hibees 7062]

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http://www.owlstalk.co.uk/forums/ind...sports-hearts/Reading the Owls Forum about Club 9 Sports makes for some interesting lunch time viewing

Belter from Hawkeye

Off they go again.

What would be really scary is if they actually bought a club..

[PatHead]

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http://club9sports.com/#2720

Looks like Club 9 would separate the good assets (if there are any) from the bad then start again.

So surely it would mean liquidation and then setting up as a Newco.

Would they even bother setting up a newco? Have my doubts. Can see Hearts ending up like Coventry after they sold their ground, rented a couple of years, didn't pay the rent and have now moved 40 miles from home.

[Prof. Shaggy]

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Would they even bother setting up a newco? Have my doubts. Can see Hearts ending up like Coventry after they sold their ground, rented a couple of years, didn't pay the rent and have now moved 40 miles from home.

One could live with that.

[CropleyWasGod]

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Would they even bother setting up a newco? Have my doubts. Can see Hearts ending up like Coventry after they sold their ground, rented a couple of years, didn't pay the rent and have now moved 40 miles from home.

Jamieson has already set up a NewCo.

[WindyMiller]

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http://www.bbc.co.uk/sport/0/football/23227616

"Hostages of fortune" Think they boy watched too much of the A-Team back in the day and has got confused.

"Some of the things I've seen have been ridiculous. But you can't have everything. Do you want just to be safe? I wouldn't change it."


Well suck it up!

It will keep you warm as you trawl through the Lowland League.


:fenlon

[PatHead]

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Jamieson has already set up a NewCo.

Is he not just a patsy though?

[Spike Mandela]

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Jamieson has already set up a NewCo.

Rangers' CVA failed on June 12th 2012. Their assets were sold off to a newco and they got agreement to play in the SFL making it by the skin of their teeth. Have Hearts left enough time for this route?

[jgl07]

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Rangers' CVA failed on June 12th 2012. Their assets were sold off to a newco and they got agreement to play in the SFL making it by the skin of their teeth. Have Hearts left enough time for this route?

I think that is the plan. Hold off the liquidation until it is too late to demote them without creating fixture chaos?

[CropleyWasGod]

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Rangers' CVA failed on June 12th 2012. Their assets were sold off to a newco and they got agreement to play in the SFL making it by the skin of their teeth. Have Hearts left enough time for this route?

In theory, yes.

However, I (like others) am very sceptical about the Jamieson/Club 666 lot. See Wednesday/Sevco/etc etc.

[blackpoolhibs]

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I think that is the plan. Hold off the liquidation until it is too late to demote them without creating fixture chaos?

I don't think even the SPL or sorry the SPFL would be daft enough to allow them to stay in the top league if they entered liquidation?

Can you imagine the carnage that would ensue from Govan way?

[Dashing Bob S]

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Belter from Hawkeye

Off they go again.

What would be really scary is if they actually bought a club..

Listen to them wise old Owls...it's almost inconceivable, after Romanov, that Hearts could be moving from the frying pan to the fire in terms of ownership, but these guys seem like sharks who scent blood...

[s.a.m]

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I think that is the plan. Hold off the liquidation until it is too late to demote them without creating fixture chaos?

You would hope that if the newco bid is accepted in the next week, the SPFL would now be in a position to note that Hearts are proposing to set up as a new club, and therefore will need to reapply to the league structure, thus paving the way for Morton, or whoever. Up until now, they've had nothing concrete to go on, and there was still a chance* of them carrying on as normal.





* albeit a teency weency infinitesimally small chance

[CropleyWasGod]

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Is he not just a patsy though?

Club 9 still need a NewCo, which he has set up.

[dangermouse]

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Would they even bother setting up a newco? Have my doubts. Can see Hearts ending up like Coventry after they sold their ground, rented a couple of years, didn't pay the rent and have now moved 40 miles from home.

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One could live with that.

But they can't afford the bus fare as it is.

[Dunderhall]

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But they can't afford the bus fare as it is.

Most of the first team will still be able to get a child's fare though.

[JeMeSouviens]

Surely at least FoH and another bidder or 2 will be attempting to go via CVA before they go to newco? If they go straight to a newco now, they'll presumably have to give back the matchday ticket sales for the games they've put on sale and they will lose almost all their central income from the SPFL that's due in August. The already large funding gap will be huge.

Anyway, as much as I want to see them floundering around the lower leagues as a ******* new club, I want them to have this season rooted to the bottom of the top division before that happens! Imagine a Hibs team going well taking on relegation certainties Golden Gary and the Showerboys in front of the new ER's first Hibs sell out* crowd on New Year's Day.


* home stands only.

[CropleyWasGod]

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Surely at least FoH and another bidder or 2 will be attempting to go via CVA before they go to newco? If they go straight to a newco now, they'll presumably have to give back the matchday ticket sales for the games they've put on sale and they will lose almost all their central income from the SPFL that's due in August. The already large funding gap will be huge.

.


:

If it's a NewCo, it should go the same way as Rangers.

There will be little SPFL income in August, only that due to a lower-league team. Sold tickets won't be valid, and the holders will be creditors in the liquidation.

[KeithTheHibby]

What's the general reaction on kickback to this bid then? It doesn't take a blind man to realise that newco route is what they are intending so have the pinkoids picked this up as yet?

[CyberSauzee]

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Surely at least FoH and another bidder or 2 will be attempting to go via CVA before they go to newco? If they go straight to a newco now, they'll presumably have to give back the matchday ticket sales for the games they've put on sale and they will lose almost all their central income from the SPFL that's due in August. The already large funding gap will be huge.

Anyway, as much as I want to see them floundering around the lower leagues as a ******* new club, I want them to have this season rooted to the bottom of the top division before that happens! Imagine a Hibs team going well taking on relegation certainties Golden Gary and the Showerboys in front of the new ER's first Hibs sell out* crowd on New Year's Day.


* home stands only.

Cracking band name.

[lord bunberry]

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What's the general reaction on kickback to this bid then? It doesn't take a blind man to realise that newco route is what they are intending so have the pinkoids picked this up as yet?

5-1 1902 forever in our shadow

[ScottB]

The Beeb's story seems to have been altered, after saying the bid had been made, it's now due to be made, and Club 9 are now being used by this newco to find US investment, not actually providing it? Lot of nonsense really!


A new company, called HMFC limited, are submitting a bid to buy Hearts, BBC Scotland has learned.
The company are using American company Club 9 Sports to try to attract US investment for their bid.
The bid, to be submitted to administrators BDO ahead of a 12 July deadline, is in the region of £5m.
BBC Scotland has also learned that the company's plans include a move away from Tynecastle to a purpose-built stadium.
Club 9 Sports have been involved in failed bids for clubs including Rangers and Sheffield Wednesday.
The Foundation of Hearts, a consortium of fans' groups, are the only group who have made their intentions to buy the club public so far.
A consortium led by former Scottish Rugby chief executive Gordon McKie had proposed an alliance with the Foundation of Hearts , which was rejected.
HMFC limited, a Scottish company set up in June, have Borders-based businessman Bob Jamieson as their sole director and have also instructed an Edinburgh legal firm to act on their behalf.

[CB_NO3]

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What's the general reaction on kickback to this bid then? It doesn't take a blind man to realise that newco route is what they are intending so have the pinkoids picked this up as yet?

Some have, the others are putting their brains together to see how they can make as much money as possible from their fancy new 30k seater. Like, renting out office space, match day hospitalitly, car park prices and so on.

[Seveno]

How come not one of the mainstream media outlets has done any background checks on either the Americans or Jamieson. Surely the EN could put #allisbarry on a bus down to Peebles to at least get a pic of Jamieson outside his house.Are they all really Hobos trying to carry on the great Yamboid windup before liquidation ?

[YehButNoBut]

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The Beeb's story seems to have been altered, after saying the bid had been made, it's now due to be made, and Club 9 are now being used by this newco to find US investment, not actually providing it? Lot of nonsense really!


A new company, called HMFC limited, are submitting a bid to buy Hearts, BBC Scotland has learned.
The company are using American company Club 9 Sports to try to attract US investment for their bid.
The bid, to be submitted to administrators BDO ahead of a 12 July deadline, is in the region of £5m.
BBC Scotland has also learned that the company's plans include a move away from Tynecastle to a purpose-built stadium.
Club 9 Sports have been involved in failed bids for clubs including Rangers and Sheffield Wednesday.
The Foundation of Hearts, a consortium of fans' groups, are the only group who have made their intentions to buy the club public so far.
A consortium led by former Scottish Rugby chief executive Gordon McKie had proposed an alliance with the Foundation of Hearts , which was rejected.
HMFC limited, a Scottish company set up in June, have Borders-based businessman Bob Jamieson as their sole director and have also instructed an Edinburgh legal firm to act on their behalf.

Have to laugh at the comments under this story and just noticed one guy "Thomaso" who is on every other post correcting anyone way states something about Hearts he disagrees with.

He just has to be the guy "Wee Fordy" from the Scotsman forum, used to be TOTT, who spends his whole life on there giving his opinion which he thinks is the only one that is correct and correcting every one else who he disagrees with, a real sad case.

http://www.bbc.co.uk/sport/0/footbal...medium=twitter