Share Transfers Agreed/Cooling off period

[steviehibsleith]

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

There bloody should be.

If there was, I'd be able to stay off here and get some real work done.

You are doing real work so stay where you are

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

Never in doubt.

The extra 3,000 season tickets will cover July/Aug, the SPL money from last season will cover September and maybe some of October, the walk-ups might just about cover up to November .. December will be a real struggle .. and then they're finished.

Wonder how many walk ups there will be when the results are not favourable, they struggled against a Pars team at the weekend . They could still be on minus points come November.

[clerriehibs]

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

Devil's Advocate question here.... as I'm not wholly convinced by either side of the argument.

The Yams have, what, 18/20 players? Given that BDO have to try and preserve a going concern, both to attract a buyer and to secure a reasonable future... and that there is a signing ban which will probably continue after this week's meeting..........what if, come November, there is a spate of injuries and suspensions that reduces the available squad to, say, 12 players? In hindsight, would it be seen as irresponsible of BDO to let a player go?

Damned if they do, etc etc.

The floor is open....

They won't be limited to their current player pool.

They'll be allowed to sign and play as many "triallists" as they have the gall to do so.

[marinello59]

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

They won't be limited to their current player pool.

They'll be allowed to sign and play as many "triallists" as they have the gall to do so.

Not if they are still in the top league they won't. And if they are in a lower league the number appearing in each match and the number of appearances each one can make is limited. Don't stress yourself.

[gogsy23]

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

The guy Wilson came across quite well. He made the point that admin staff had lost their jobs, that fans had been fleeced over shares & that various groups had donated to Yams. He, understandably IMO made the point that if Yams have guaranteed income in a normal sense, ie a player sale, they should be taking it rather than begging for unusual income support.
I still feel that BDO are at best skewing their adminstrative responsibilities by turning bids down, they're accountants not football managers.

He a banker..... no really he is!! Quite funny really jkb getting their knickers in a twist over an opinion then playing the ginger card.

[Col2]

On hols. Siting in a fabulous hotel waiting to go to dinner with gin and tonic in hand in one of many bars which are fantastic in hotel. Wife and kids getting ready still!!

Anyway if someone new dropped into the hertz saga and asked for a summary eg bring it up a few levels.

They are in admin. They start next season on -15 points. They can't sign any players and won't be able to for a long time. The bid to move out of admin is based on 3 bids, one from the comedy club that is the FoH and meant to be to be the lowest. The other two bids are from sources thy even we as Hibs fans couldnt have dreamt up in the ideal scenario. They have a very inexperienced squad and inexperienced manager and they are favourites for the drop if they make it into next season. Odds seen to be against them coming out of admin with liquidation more likely but its still in balance.

Trust me the above feels SO GOOD !!!!

[Sanger]

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

On hols. Siting in a fabulous hotel waiting to go to dinner with gin and tonic in hand in one of many bars which are fantastic in hotel. Wife and kids getting ready still!!

Anyway if someone new dropped into the hertz saga and asked for a summary eg bring it up a few levels.

They are in admin. They start next season on -15 points. They can't sign any players and won't be able to for a long time. The bid to move out of admin is based on 3 bids, one from the comedy club that is the FoH and meant to be to be the lowest. The other two bids are from sources thy even we as Hibs fans couldnt have dreamt up in the ideal scenario. They have a very inexperienced squad and inexperienced manager and they are favourites for the drop if they make it into next season. Odds seen to be against them coming out of admin with liquidation more likely but its still in balance.

Trust me the above feels SO GOOD !!!!

BDO desperately hoping UbIG into admin early August or its plan Morton I have heard!

[ronaldo7]

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

BDO desperately hoping UbIG into admin early August or its plan Morton I have heard!

It would have to be really early in August. The season starts on Friday the 2nd August.

plan Morton after the season starts is a non starter for me. If Hertz were pumped oot, it would have an effect on all the leagues.

[jacomo]

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

According to Barry he's not even a hearts fan, although that's hard to believe just like everything else that he says. He's certainly got a lot of hate for us hibbies though, possibly something to do with the torrents of abuse he receives on a daily basis from us

Not even a Hearts fan... jeez, how bad is it with Banderson?

When reading his tripe I have often thought 'ah well, he's hurting so that probably explains his willingness to publish any positive titbits on them, no matter how pish, while slagging off Hibs at the same time.

But if he's not even a Hearts fan, he's an even worse journalist than I thought.

[brog]

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

Given there previous on discipline having 12 available might be more an ambition.

On a more general point you, in your debate, seem to be shifting the victim to the yams rather than the creditors they've screwed and other clubs of points i.e. prize money and European slots.

You are asking the real victims to be victims once again. They've made their bed blah, blah, big team, 1902, 5.1, 2013 RIP etc..

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

I'm not sure I agree. They don't need the income at this point, they might argue not at all.
They are accountants like you say, so they would have sought third party advice I assume.
If the offer for Holt was close to market value and they declined then I'd agree with your point.
Even taking into consideration their current circumstances I don't think £100,100 was reasonable.

They did make a commitment for season ticket sales about no fire sales.
They had to stick to that to keep the fans on side, not impossible they may have to call on them again and their reputation will carry forward to the next football club they handle in admin.

If the offer was more reasonable then they could have argued it wasn't a fire sale, I don't accept they should accept any 6 figure sum that the Wilson guy was arguing.
That wouldn't change what's gone.

I doubt very much that they would have sought any advice. I think part of the problem is the 2 key players with BDO have been involved in several football admins & 1 is an ex player. As such I believe they consider themselves knowledgeable on football matters & as a result are making decisions which they would not do in a non football admin situation.
Now is £100,000 a reasonable offer for Holt? Only time will tell but we would have bitten someone's hand off if they'd offered that for Spoony & his pedigree, international recognition & experience are all way ahead of Holt. All Holt has is potential which may or may not be realised & we should not fall into he trap of believing that Yams really do have the best youngsters in the UK. I can see the argument of needing to keep a team on the park but in that case Yams should not have advertised all players as being for sale. In any case that argument really fails because we all know if bid had been double or treble the amount offered he would now be at Forest.
It all keeps the pot boiling though & internal strife amongst Yams will only continue to grow.

[Waxy]

Maybe just that BDO want to make and keep a good reputation. Trying to do whats best for each team insures this amongst football clubs. This in turn gets them more admin jobs and of course more money.Even if the yams are donald ducked do BDO really care? I doubt it.

[CropleyWasGod]

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

Maybe just that BDO want to make and keep a good reputation. Trying to do whats best for each team insures this amongst football clubs. This in turn gets them more admin jobs and of course more money.Even if the yams are donald ducked do BDO really care? I doubt it.

Quite the opposite, actually. If an administrator gets the reputation of doing what's best for "the club", rather than the creditors, the chances are that those who actually have the power to appoint administrators (banks, secured creditors, HMRC etc) will stop appointing them.

If BDO get a lot of football-related work, it's probably because they have a reputation amongst the appointers of doing their job better than others.

[Dunderhall]

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

I doubt very much that they would have sought any advice. I think part of the problem is the 2 key players with BDO have been involved in several football admins & 1 is an ex player. As such I believe they consider themselves knowledgeable on football matters & as a result are making decisions which they would not do in a non football admin situation.
Now is £100,000 a reasonable offer for Holt? Only time will tell but we would have bitten someone's hand off if they'd offered that for Spoony & his pedigree, international recognition & experience are all way ahead of Holt.
.

I'm not disagreeing, such is opinion.
I thought they may have consulted with others to his market value, it's never easy to agree what a player's worth is.
Many .netters upset over not paying £150K-£175K for Lyle Taylor whose pedigree is less.
They seemed to have pleased the core Yams as a bonus.

[grunt]

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

If BDO get a lot of football-related work, it's probably because they have a reputation amongst the appointers of doing their job better than others.

It would be interesting to know why UKIO/UBIG wanted BDO as administrators...

[CropleyWasGod]

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

It would be interesting to know why UKIO/UBIG wanted BDO as administrators...

Funny handshake, of course.

[greenginger]

And then there were 2. ...... bidders that is
http://www.scotsman.com/sport/footba...-bid-1-3002335


Massone being black balled before the dealing starts.

[bingo70]

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

And then there were 2. ...... bidders that is
http://www.scotsman.com/sport/footba...-bid-1-3002335


Massone being black balled before the dealing starts.

He could still buy tynecastle though, that'd be interesting!

[brog]

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

I'm not disagreeing, such is opinion.
I thought they may have consulted with others to his market value, it's never easy to agree what a player's worth is.
Many .netters upset over not paying £150K-£175K for Lyle Taylor whose pedigree is less.
They seemed to have pleased the core Yams as a bonus.

I agree 100% re the difficulty of valuing a player which is why I have some sympathy with Craig Wilson. Yams/BDO should really be managing their core business effectively, including player sales if required, rather than surviving through people selling cherished memorabilia, cake bakes & fraudulent share issues. I want to see a Yam team on the park that makes Gretna look like Barcelona! Only then will they start to receive the appropriate punishment for their crimes.

[Spike Mandela]

Interesting about a certain Mr Birch and Hearts fans.....

http://scotslawthoughts.wordpress.co...yce/#more-3861

[jacomo]

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

Interesting about a certain Mr Birch and Hearts fans.....

http://scotslawthoughts.wordpress.co...yce/#more-3861

Portsmouth were in admin for a very long time but no mention of a Newco here:

http://www.bbc.co.uk/sport/0/football/22167294

They suffered a 10 point penalty too...

[Treadstone]

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

Interesting about a certain Mr Birch and Hearts fans.....

http://scotslawthoughts.wordpress.co...yce/#more-3861

Take anything on that website with a pinch of salt. All articles are designed to wound sevco. He posted up a piece about the yams a couple of months ago that was error strewn. Hope they get whats coming though.

[Mac]

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

Portsmouth were in admin for a very long time but no mention of a Newco here:

http://www.bbc.co.uk/sport/0/football/22167294

They suffered a 10 point penalty too...

No, it clearly states that the assests were transfered to the newco while Portsomouth FC were in admin awaiting liquidation, basically exactly the same as what happened with Rangers

[CropleyWasGod]

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

Interesting about a certain Mr Birch and Hearts fans.....

http://scotslawthoughts.wordpress.co...yce/#more-3861

For me, that article is just a different slant on the "same club vs different club" debate that will rage around Rangers for ever, and will do the same around hearts if they go down the NewCo route.

[southsider]

For me the question was did "old" rangers keep their SFA license ? NO Did they have to apply for a new SFA license ? YES...were granted temp. license until the forthcoming season when their new full license will commence. Therefore, in the eyes of the SFA they are a new club. End of.

[CropleyWasGod]

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

For me the question was did "old" rangers keep their SFA license ? NO Did they have to apply for a new SFA license ? YES...were granted temp. license until the forthcoming season when their new full license will commence. Therefore, in the eyes of the SFA they are a new club. End of.

And we're off.

(being pedantic, it wasn't a "temporary licence". It was Associate Membership)

[Tollhouse Hibee]

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

And we're off.

(being pedantic, it wasn't a "temporary licence". It was Associate Membership)

whatever the membership i think its critical that the same rules are applied, and it is clear to everyone what the punishmnets are for administration and/or liquidation.

[therealgavmac]

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

For me the question was did "old" rangers keep their SFA license ? NO Did they have to apply for a new SFA license ? YES...were granted temp. license until the forthcoming season when their new full license will commence. Therefore, in the eyes of the SFA they are a new club. End of.

Sorry your post doesn't count.... End of wasn't in capital letters.......

[Ozyhibby]

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

For me, that article is just a different slant on the "same club vs different club" debate that will rage around Rangers for ever, and will do the same around hearts if they go down the NewCo route.

Maybe more clear cut with a new Hearts if they were no longer at Tynecastle or were to have a season out because of time constraints setting up the newco.

[joe breezy]

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

No, it clearly states that the assests were transfered to the newco while Portsomouth FC were in admin awaiting liquidation, basically exactly the same as what happened with Rangers

Seems strange that Portsmouth Newco were automatically allowed to stay in the EFL though...

Different rules I suppose

[jacomo]

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

No, it clearly states that the assests were transfered to the newco while Portsomouth FC were in admin awaiting liquidation, basically exactly the same as what happened with Rangers

Am I missing something? How about this article, which also quotes Trevor Birch:

http://www.bbc.co.uk/sport/0/football/22106528

The Football League had warned that if Pompey did not exit administration by the end of the season it would remove the club's Golden Share and expel them, and Birch revealed they had been close to extinction several times over the past 14 months.

"You try to divorce yourself from the personal aspect of it. Because I am an officer of the court you have to be independent - but you can't help be satisfied that the club is in the hands of the supporters because it's gone through so much," he added.

"It needs some nurturing and some TLC and who better to dispense that than the supporters?

"They were very close [to being liquidated]."

This says that Portsmouth were NOT liquidated and it's therefore the same company as before, just with different owners.

[Part/Time Supporter]

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

Am I missing something? How about this article, which also quotes Trevor Birch:

http://www.bbc.co.uk/sport/0/football/22106528



This says that Portsmouth were NOT liquidated and it's therefore the same company as before, just with different owners.

You're missing the fact that the authorities in England aren't that bothered whether a club has to form a new company. What he means by "close to being liquidated" in that quote is that Portsmouth FC would have ceased to exist completely and that there would have been no new company.

http://www.accountancyage.com/aa/new...-portsmouth-fc

The administrators will now transfer the assets of the club, such as player contracts, to a new entity, which is likely to be called the Portsmouth Community Football Club, and will be owned by the PST.

The original 'club' Portsmouth Football Club (2010) Ltd, remains in administration and will be liquidated shortly, with BDO partners to be appointed.