Share Transfers Agreed/Cooling off period

***Moulin Yarns*** · 11-07-2013 12:52 PM

Originally Posted by CropleyWasGod

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

Very unlikely.

As I said earlier, it's likely that there will be little news of any substance until the beginning of the week.

Oh!! I thought it was me that said that

***s.a.m*** · 11-07-2013 12:56 PM

Originally Posted by Seveno

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

The process tomorrow will be as follows :

1700 - Deadline for bids comes into effect.
1705 - BDO open the envelope containing the bid from FoH.
1710 - BDO analyse bid.
1715 - BDO collapse on the floors in fits of laughter.
1720 - BDO phone Lithuania
1725 - Translator tells BDO that message from Lithuania is along the lines of 'GTF'.
1730 - Gates are padlocked.

That would be completely lovely.

However, how I see it 'going forward'* (I'm not an optimistic sort

) is:

1700 - deadline for bids etc...
1700 - Deadline for bids comes into effect.
1705 - BDO open the envelope containing the bid from FoH.
1710 - BDO analyse bid.
1715 - BDO collapse on the floors in fits of laughter. However, they're going to give it a 'right good go', so....
1720 - BDO phone Lithuania
1725 - Translator tells BDO that message from Lithuania is along the lines of 'Who are you again? Heart of WHO? A FOOTBALL club?That's ******* hilarious, but since it's going to take forever to sort out this godforsaken mess at this end, they might as well carry on in the meantime. We'll get back to you. Mibbe this time next year.'

....and Hearts struggle on with their transfer-embargoed squad, getting regularly hammered but not quite going away.........

I can't see a happy ending for them, but I'm starting to get impatient.

* actually, if I'm being honest, I can't see them finishing the season, if they do manage to start it. But I don't want to get my hopes up.

***CropleyWasGod*** · 11-07-2013 01:01 PM

Originally Posted by GodWasCropley

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

Oh!! I thought it was me that said that

Definitely me.

Originally Posted by CropleyWasGod
First off, we probably won't have any definitive news tomorrow. Whatever happens, the deadline for bids is (I think) 5pm, so BDO will be considering their options over the weekend.

They may extend the deadline, a la Rangers, although that is only likely if there are other potential bidders who haven't yet finalised their bids. Indeed, BDO may be under pressure from the SPFL and SFA not to do so.

On the bids themselves, it's unclear what the Club9 bid is based on, ie through a CVA or a NewCo. There have been conflicting stories in the BBC on that.

I would expect that, whatever bids are in, BDO will be in touch with the UKIO admins over the weekend, to try and gauge their attitude. It will probably be next week before we know what their next move is.

**JeMeSouviens** · 11-07-2013 01:03 PM

You mean all you God/Cropley combos aren't the same guy?

***CyberSauzee*** · 11-07-2013 01:14 PM

Originally Posted by JeMeSouviens

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

You mean all you God/Cropley combos aren't the same guy?

And when they've finished living in the past tense you may want to bring this up with "CropleyIsGod".

#AllIsCropleyAndComplex

***Moulin Yarns*** · 11-07-2013 01:15 PM

Originally Posted by JeMeSouviens

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

You mean all you God/Cropley combos aren't the same guy?

No, I changed my name to muddy the waters!!

OK, here is a wee snippet from my boss, who is a senior Planner.

He thinks there might be a spanner in the works re the sale of Tynecastle for Housing - Contaminated land

More seriously Sports Scotland have a policy that no Sports Grounds can be lost to development if there can be seen to be a need for them, so in the deprived inner city slum that is Gorgie a sports facility is seen as an essential social enterprise!!

***CropleyWasGod*** · 11-07-2013 01:19 PM

Originally Posted by GodWasCropley

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

No, I changed my name to muddy the waters!!

I think you'll find it's THE Muddy Waters.

***jonty*** · 11-07-2013 01:20 PM

Originally Posted by GodWasCropley

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

No, I changed my name to muddy the waters!!

OK, here is a wee snippet from my boss, who is a senior Planner.

He thinks there might be a spanner in the works re the sale of Tynecastle for Housing - Contaminated land

More seriously Sports Scotland have a policy that no Sports Grounds can be lost to development if there can be seen to be a need for them, so in the deprived inner city slum that is Gorgie a sports facility is seen as an essential social enterprise!!

Cala Fairydean it is then.

***CropleyWasGod*** · 11-07-2013 01:21 PM

Originally Posted by jonty

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

Cala Fairydean it is then.

How long have you been saving that one up for?

***jonty*** · 11-07-2013 01:33 PM

Originally Posted by CropleyWasGod

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

How long have you been saving that one up for?

A flash of inspiration yesterday. And since it went unnoticed on the 'newyamco names' thread I thought i'd repeat it

***CropleyWasGod*** · 11-07-2013 01:34 PM

Originally Posted by jonty

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

A flash of inspiration yesterday. And since it went unnoticed on the 'newyamco names' thread I thought i'd repeat it

Timing is.

Everything.

**Kaiser1962** · 11-07-2013 01:36 PM

Originally Posted by CropleyWasGod

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

£5.5m, no?

I think Mr. Falcon is right here.

The amount realised by Duff and Phelps for heritable properties, in the creditors report of 24th August 2012, was, indeed, £1.5m. Plant and machinery a further £1.25m and player registrations and contracts the most at £2,749,990. Other "assets" (goodwill, SPL share and SFA membership) went for £1 a pop and I suspect this included their history as well.

The interim report up to 31st December 2012, published on 4th March 2013 by Rangers International Football Club PLC contained the information, in the Financial Review section;

"A revaluation process was undertaken during the period; Ibrox stadium and Murray
Park were revalued at £40m, and intangibles were valued at £19m on acquisition."

On the face of it, it dosent appear to be the worst deal ever done. If you werent a creditor of Rangers that is.

***CropleyWasGod*** · 11-07-2013 01:38 PM

Originally Posted by Kaiser1962

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

I think Mr. Falcon is right here.

The amount realised by Duff and Phelps for heritable properties, in the creditors report of 24th August 2012, was, indeed, £1.5m. Plant and machinery a further £1.25m and player registrations and contracts a further £2,749,990. Other "assets" (goodwill, SPL share and SFA membership) went for £1 a pop and I suspect this included their history as well.

The interim report up to 31st December 2012, published on 4th March 2013 by Rangers International Football Club PLC contained the information, in the Financial Review section;

"A revaluation process was undertaken during the period; Ibrox stadium and Murray
Park were revalued at £40m, and intangibles were valued at £19m on acquisition."

On the face of it, it dosent appear to be the worst deal ever done. If you werent a creditor of Rangers that is.

Yeah, you're right. I misread his post.

Still, whether it was £1.5m or £5.5m, his point still stands.

BDO, hopefully, will be on that. How much we love them just now.

**Kaiser1962** · 11-07-2013 01:40 PM

Originally Posted by jonty

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

Cala Fairydean it is then.

Originally Posted by CropleyWasGod

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

How long have you been saving that one up for?

To keep up to date should it not be Cala Fairydean Rovers FC

***Hibbyradge*** · 11-07-2013 01:43 PM

Originally Posted by GodWasCropley

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

More seriously Sports Scotland have a policy that no Sports Grounds can be lost to development if there can be seen to be a need for them, so in the deprived inner city slum that is Gorgie a sports facility is seen as an essential social enterprise!!

Tell Spartans that.

**Kaiser1962** · 11-07-2013 01:47 PM

Originally Posted by CropleyWasGod

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

Yeah, you're right. I misread his post.

Still, whether it was £1.5m or £5.5m, his point still stands.

BDO, hopefully, will be on that. How much we love them just now.

I think, reading it, you would have to question why players contracts and registration, which were subject to TUPE and therefore optional on the players part, was actually deemed to be worth significantly more than the properties?

Cmon the BDO

They could very soon be my favourite people ever, in history.

**Prof. Shaggy** · 11-07-2013 02:08 PM

Originally Posted by down-the-slope

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

Yup the 'Riccarton Three' are the only ones with integrity and the moral high ground to comment.....

.....except us.

**~~southsider~~** · 11-07-2013 02:16 PM

None of the "3" said anything about the outdandish wages being paid at the pbs. This helped bring about their downfall. 5pm tomorrow......tick tick tick...

***Hibbyradge*** · 11-07-2013 02:18 PM

Originally Posted by southsider

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

None of the "3" said anything about the outdandish wages being paid at the pbs. This helped bring about their downfall. 5pm tomorrow......tick tick tick...

Should it not be "tock, tock, tock"?

Hearts can't get tick.

**Prof. Shaggy** · 11-07-2013 02:21 PM

Originally Posted by southsider

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

None of the "3" said anything about the outdandish wages being paid at the pbs. This helped bring about their downfall. 5pm tomorrow......tick tick tick...

Well naturally...the outlandish wages were being paid to themselves.

My point was just that they did speak out. JJ never did.

**#FromTheCapital** · 11-07-2013 03:27 PM

Foundation of Hearts have submitted their bid http://progress-sc.com/wp-content/up...-July-2013.pdf

**YehButNoBut** · 11-07-2013 03:31 PM

John Robertson now back with them in a coaching role with their strikers (do they have any??), working for free of course.

WARNING there is a picture on this link that will put you off your tea.

http://www.heartsfc.co.uk/articles/2...241384_3234760

***Stevie Reid*** · 11-07-2013 03:34 PM

Originally Posted by YehButNoBut

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

John Robertson now back with them in a coaching role with their strikers (do they have any??), working for free of course.

WARNING there is a picture on this link that will put you off your tea.

http://www.heartsfc.co.uk/articles/2...241384_3234760

Gar Locke: - "For me it was a no brainer"

Just as well, really.

***Hibs Class*** · 11-07-2013 03:36 PM

Originally Posted by #FromTheCapital

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

Foundation of Hearts have submitted their bid http://progress-sc.com/wp-content/up...-July-2013.pdf

As media packs go, it's on the short, lacking detail side.

***CropleyWasGod*** · 11-07-2013 03:38 PM

Originally Posted by Hibs Class

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

As media packs go, it's on the short, lacking detail side.

As well as accuracy.

"Should this bid be accepted by BDO,..."

It's not in the power of BDO to accept the bid.

**stirling_hibee** · 11-07-2013 03:44 PM

Originally Posted by YehButNoBut

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

John Robertson now back with them in a coaching role with their strikers (do they have any??), working for free of course.

WARNING there is a picture on this link that will put you off your tea.

http://www.heartsfc.co.uk/articles/2...241384_3234760

Does anyone else get an advert for a free bankruptcy calculator in the middle of the article on the yams website?

**Springbank** · 11-07-2013 03:45 PM

Originally Posted by Hibbyradge

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

Tell Spartans that.

City Park was really quite different I think. SportScotland were consulted when Spartans moved across the cycle track from City Park to Ainslie Park, so that was all considered to be fine, from a sporting point of view.

In fact, Spartans' new ground was completed before City Park was sold, so there was a smooth transition for the football team.

I don't think Hearts could expect the same smooth passage, as the ownership of their ground could change hands now without anyone (except the admins) having a say.

**~~Phil D. Rolls~~** · 11-07-2013 03:46 PM

Originally Posted by #FromTheCapital

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

Foundation of Hearts have submitted their bid http://progress-sc.com/wp-content/up...-July-2013.pdf

Please let them win. They have t got a clue what they are doing. Can't wait for the fall out when the sensitive subject of blazers comes up for discussion.