Share Transfers Agreed/Cooling off period

[JeMeSouviens]

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I'm not sure why the bid would be 'money up front and then instalments'. The instalments will be to repay the up front money (which will be used to buy the club/assets) to whoever is loaning it (i.e. FoH's backers). The direct debits disappearing quickly will be the funders' problem, not BDO's (who will be long gone by then).

Unless I'm fundamentally missing something, which is possible.

Because they can't get their grubby paws on anywhere near a realistic level of capital just now?

[JeMeSouviens]

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On keekback they are all kissing each others ***** going on about how their "wonderful fans" will save the club. Wonderful eh? They have allowed this too happen, happy to go along with Vlads fantasy world based on utter lies instead. Amazed by their lack of protest and fight tbh and astonishingly, despite the utter **** hole they are in they still believe all is rosey and still giving it the Big in "we are the big team" "5-1" "We will soon be debt free and challenging for the league".

Never come across such a ridiculous, pathetic set of supporters.

I think the Huns probably shade it. They actually let their club die and then let their new one slip into the hands of some seriously shady shysters.

[Hibercelona]

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I think the Huns probably shade it. They actually let their club die and then let their new one slip into the hands of some seriously shady shysters.

Hearts haven't had the opportunity to make the same mistake twice yet. But you can be certain that they'll follow follow in The Rangers footsteps.

[21.05.2016]

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Hearts haven't had the opportunity to make the same mistake twice yet. But you can be certain that they'll follow follow in The Rangers footsteps.

As like most things, hearts will copy their big hun pals.

[green glory]

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But unlike the Jambos they have massive revenue streams through sponsorship, TV money and 90,000 season ticket sales that can service and pay down the debt.

90,000?

The Zombies have apparently sold 29,000 ST's for next season. I think that's 10,000 down on their first season's. Ouch.

[Gus Fring]

I've heard BDO expect at least one more bid before close of business today, all hopes are currently pinned on that materialising. I don't know what the FOH offer is as BDO aren't telling any Hearts employees at this time. I get the impression that unless it was hugely improved over what has been touted previously then they'll be starting up the liquidiser.

[21.05.2016]

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I've heard BDO expect at least one more bid before close of business today, all hopes are currently pinned on that materialising. I don't know what the FOH offer is as BDO aren't telling any Hearts employees at this time. I get the impression that unless it was hugely improved over what has been touted previously then they'll be starting up the liquidiser.

How long until we hear what the accepted bid is?

If no bids are successful what will that mean for hearts?

[Sanger]

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I've heard BDO expect at least one more bid before close of business today, all hopes are currently pinned on that materialising. I don't know what the FOH offer is as BDO aren't telling any Hearts employees at this time. I get the impression that unless it was hugely improved over what has been touted previously then they'll be starting up the liquidiser.

That must be from Boab the shoe salesman advised by cooncil fraud-steer. Does anyone think this will amount to serious money upfront?

[Pedantic_Hibee]

In The Rangers defence, their fans didn't have much time to mobilise. Everything kinda came out of the blue.

Fans of Hearts have known this would happen for at least five years and did NOTHING to prevent it.

[Deansy]

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The delusion is staggering. I read a post on KB saying that the best they could hope for next season was 8th or 9th place then a great leap the following season to challenge for 1st. This premise was heavily endorsed by many others.

it's understandable, though. A large section of their fans have been brought up supporting a false-image - they've never seen their club at it's true-level. The fact they're (maybe) going to find out soon EXACTLY what they're really like - without the money/mercenaries - is one of the reasons I want them to survive. 30+ years of their 'Finance-Football' business model deserves pay-back in the most hurtful, agonising ways - on the pitch and getting ripped a new-one in each and every game. The pictures of their fans greeting buckets in 1986 on 'Sir Albert Kidd' day still gives me that warm, happy-as-****** feeling - this season should see similar images becoming the weekly-norm !!!

[21.05.2016]

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In The Rangers defence, their fans didn't have much time to mobilise. Everything kinda came out of the blue.

Fans of Hearts have known this would happen for at least five years and did NOTHING to prevent it.

Rangers still seemed to do a hell of a lot more than that gutless, pathetic bunch in gorgie!

[jdships]

Met up yesterday with an old mate , a Jambo , who signed a DD for £30 a month.
His take on it is he will go along with it until a new owner is in place or at worst until 31st December and then he is withdrawing .
I understand his loyalty in signing up and think his plan is probably the best way for all those who are committed .
The new owners have to run Hearts as a business not a plaything

Time will tell

[21.05.2016]

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Met up yesterday with an old mate , a Jambo , who signed a DD for £30 a month.
His take on it is he will go along with it until a new owner is in place or at worst until 31st December and then he is withdrawing .
I understand his loyalty in signing up and think his plan is probably the best way for all those who are committed .
The new owners have to run Hearts as a business not a plaything

Time will tell

I know a few jambos that have been quite wary over signing up a DD for FoH.

[Gus Fring]

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How long until we hear what the accepted bid is?

It'll take a few days at least.

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If no bids are successful what will that mean for hearts?

They'll be liquidated as that would then be the only way to recover anything for the creditors. I personally think this is what anyone who wants to own Hearts is waiting for. Pick up the football side of stuff cheaper and have a ready made brand to start a new team with.

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That must be from Boab the shoe salesman advised by cooncil fraud-steer. Does anyone think this will amount to serious money upfront?

Apparently FOH have been saying they've gotten loans from businessmen which will be paid back using a % of the monthly donations. This hasn't been heavily publicised as it essentially means Hearts would be in debt from the 1st second of this new ownership and the pitch for donating to FOH was that all the money would be put towards running the club.

As I've said before, general consensus is that FOH are a mickey mouse outfit who change their minds every 5 minutes but they have to be entertained because they're would be uproar otherwise

[CropleyWasGod]

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How long until we hear what the accepted bid is?

If no bids are successful what will that mean for hearts?

It will be some time before we get anywhere near an "accepted" bid. BDO don't have the power to accept a bid.

If there is an "acceptable" (cf accepted) bid, that bidder will be given preferential status. An announcement on that would happen, I would expect, next week. After that, the bidder would do their due diligence, and BDO do their due diligence on the bidder.

If the bid is based on a CVA, that process will take a few weeks to organise. If it's based on an asset sale, the timescale will be much shorter.

In either case, it will be a while before anything is accepted.

[Gus Fring]

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Met up yesterday with an old mate , a Jambo , who signed a DD for £30 a month.
His take on it is he will go along with it until a new owner is in place or at worst until 31st December and then he is withdrawing .
I understand his loyalty in signing up and think his plan is probably the best way for all those who are committed .
The new owners have to run Hearts as a business not a plaything

Time will tell

The bit in bold is the biggest flaw in the FOH's plan. Football fans have a tendency to be incredibly reactive.

Say Hearts got pumped from us in the first Derby. Some fair weather fans would cancel their Direct Debits.

Say Hearts get to December and are rooted to the bottom of the league. More fair weather fans would cancel their Direct Debits.

Say Hearts get relegated, Even more fair weather fans would cancel their Direct Debits.

It's way more likely they'll lose donations than they'll gain them.

[Treadstone]

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I'm not sure why the bid would be 'money up front and then instalments'. The instalments will be to repay the up front money (which will be used to buy the club/assets) to whoever is loaning it (i.e. FoH's backers). The direct debits disappearing quickly will be the funders' problem, not BDO's (who will be long gone by then).

Unless I'm fundamentally missing something, which is possible.

I think we are agreeing. I'm just suggesting that BDO wouldn't advise accepting a suitable bid that depended on thousands of A N Others keeping up their non legal agreement Direct Debits.

[jdships]

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I know a few jambos that have been quite wary over signing up a DD for FoH.

Would appear to be so as my friend admitted for both him and his three mates who signed up it was very much a " knee jerk" thing .
Seems too that few wives are not happy with "throwing good money after bad " ( my pals wife's comment !!!!!!!!!!!)

[hibseleven]

just had a message from a Morton supporting friend of mines who claims Neil Doncaster was at Cappielow on Tuesday evening checking out facilities. Waiting to see what else he can tell me.

[Heisenberg]

Sky Sports Scotland‏@ScotlandSky30sSky Sources understand Hearts have rejected a second bid from Nottingham Forest for Jason Holt.

[steakbake]

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just had a message from a Morton supporting friend of mines who claims Neil Doncaster was at Cappielow on Tuesday evening checking out facilities. Waiting to see what else he can tell me.

Maybe he had to stop in for a Lillian Gish on his way to another meeting?

I would have thought the Cappielow facilities are good enough. If Ross County can come up to scratch, I'm sure Greenock Morton can.

Edit: seems they already have had it in mind:

http://www.greenocktelegraph.co.uk/s...stadium-plans/

[Judas Iscariot]

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Sky Sports Scotland‏@ScotlandSky30sSky Sources understand Hearts have rejected a second bid from Nottingham Forest for Jason Holt.

How can BDO be doing their job properly if they're rejecting income?!

[BarneyK]

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Sky Sports Scotland‏@ScotlandSky30sSky Sources understand Hearts have rejected a second bid from Nottingham Forest for Jason Holt.

I guess it makes sense that they don't want to appear to be holding a fire sale just as they're trying to find a buyer.

[CropleyWasGod]

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How can BDO be doing their job properly if they're rejecting income?!

There are 3 potential reasons:-

1. they may be holding out for a higher bid.

2. they have to make sure that there is a team in place for the start of the season.

3. they have to keep some semblance of a team, to maximise any potential offers.

All of these would, I suggest, be them "doing their job properly."

[grunt]

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Sky Sports Scotland‏@ScotlandSky30sSky Sources understand Hearts have rejected a second bid from Nottingham Forest for Jason Holt.

It would be interesting to know how much that bid was...

[Judas Iscariot]

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There are 2 rational reasons:-

1. they may be holding out for a higher bid.

2. they have to make sure that there is a team in place for the start of the season.

I see...

Re. point 1, is the risk of putting Notts off altogether not a greater worry than a lower fee?

Re. point 2, with no cash there won't be a team anyway?!

[SquashedFrogg]

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It would be interesting to know how much that bid was...

A lot less than the yams £1m guesstimate I'd suspect. Probs around 150k is my guess based on the fact that they are not really in a position to play hardball..

[lord bunberry]

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I see...

Re. point 1, is the risk of putting Notts off altogether not a greater worry than a lower fee?

Re. point 2, with no cash there won't be a team anyway?!

There's not been any appeals for cash lately so I presume they've got enough money to keep them going for the time being

[CropleyWasGod]

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I see...

Re. point 1, is the risk of putting Notts off altogether not a greater worry than a lower fee?

Re. point 2, with no cash there won't be a team anyway?!

On 1, it's a gamble sure, but by accepting the first or second bid, that's putting out a signal that all players can be bought for pennies.

On 2, by all accounts they do have cash to make it to the start of the season. IIRC, Trevor Birch said they have enough to make it to Christmas.

[Treadstone]

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It would be interesting to know how much that bid was...

I'm taking it as Forest letting Holt know the score before he TUPEs over to a Newco.