Share Transfers Agreed/Cooling off period

[Dashing Bob S]

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Are the SPFL or whatever they're called not a bit anxious that they won't be able to guarantee fulfilling their fixtures? Surely they would be aware of this?

Sidneyhibbie, sharpen that pencil and get writing another strongly worded, yet concerned, letter.

They'd probably be more anxious if they thought they could fulfill their fixtures. Like everybody else they are probably tired of these bores by now and just want them to die.

[CropleyWasGod]

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In the dying days of a failing marriage he was taken in by the seductive charms of the bombshell from overseas. Promises of all sorts of acts kept him loyal, subdued in spite of her tantrums and mood swings, and all along his 'mate' across the road has been saying - she'll break you're Heart in the end...

... and so he turned to the swarthy Latin with the rakish looks and rogueish, but lovable, past.

[Dashing Bob S]

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... and so he turned to the swarthy Latin with the rakish looks and rogueish, but lovable, past.

We're on the verge of moving into Fifty Shades of Yam territory here...

[CropleyWasGod]

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We're on the verge of moving into Fifty Shades of Yam territory here...

Yeah, but IIRC, nowhere in that horrible book did the heroine get taken up the banana fritter by a dodgy foreigner.

Twice.

[Ozyhibby]

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Tynecastle School sale details now online.

Most relevant part being.

That looks like good news in the short term for the Yams as without the possibility of housing the price will be lower.
In the long term, if they have one, then it's bad news as they will have to sell Tynecastle eventually to fund a new stadium.

[Gus Fring]

The FOH said they were going to be quiet to let BDO get on with their jobs. It's 3 working days later and they've already released another statement with no new information?

[Viva_Palmeiras]

Sorry been at work but saw this...

So did Bob get caught with his Kex down? ;)

“@bbcsportsound: HMFC Ltd bid for Hearts in doubt: One of the bids for Hearts is in doubt as the company behind HMFC Ltd withho... http://bbc.in/13uaVjj”

[CropleyWasGod]

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The FOH said they were going to be quiet to let BDO get on with their jobs. It's 3 working days later and they've already released another statement with no new information?

1. politicians lie.

2. politicians die if they're not in the media.

[JeMeSouviens]

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That looks like good news in the short term for the Yams as without the possibility of housing the price will be lower.
In the long term, if they have one, then it's bad news as they will have to sell Tynecastle eventually to fund a new stadium.

The Yams and the Cooncil had an agreement with the distillery to relocate the hazard away from Tiny for £2M. I wonder if any developers are out there thinking, cheap school + cheap stadium + £2M = large, lucrative future housing development?

[Liberal Hibby]

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Tynecastle School sale details now online.

Most relevant part being.

Interesting - but a 2008 City Cooncil report (how many of them have there been?) stated:

In order to redevelop the Tynecastle area it is necessary to relocate the whisky
which is currently stored in bonds located adjacent to Tynecastle High School,
within the site owned by North British Distillery. This will remove the COMAH
(Control of Major Accident Hazards) zones. Provisional agreement has been
reached with North British Distillery on this matter.


The 2011 report also has some pretty maps showing only the NW corner of the stadium is affected by the COMAH zone.

I'm not convinced that other than spin coming out of the City Chambers or HMFC (no surprise there) that this makes any difference to the suitability of Tynecastle for residential development.

[wazoo1875]

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Tynecastle School sale details now online.

Most relevant part being.

Amazing to think they had struck a deal with Cala homes before all this. I'm surmising they weren't going to be building offices. Something smells a bit fishy and it's no my mackerel.

[Gus Fring]

From my source:

As of today consensus is Liquidation is the only way forward as current bids are still nowhere near what is needed so unless one of them increases it significantly Hearts will "be split up and sold for scrap". Expect the process to be started as early as next week as BDO want it started before the season starts (I've heard separately they've been warned by the SPL)

[wazoo1875]

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From my source:

As of today consensus is Liquidation is the only way forward as current bids are still nowhere near what is needed so unless one of them increases it significantly Hearts will "be split up and sold for scrap". Expect the process to be started as early as next week as BDO want it started before the season starts (I've heard separately they've been warned by the SPL)

Good news. Tho I was already looking forward to the prospect of Hibs humping them in the derby.

[greenginger]

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From my source:

As of today consensus is Liquidation is the only way forward as current bids are still nowhere near what is needed so unless one of them increases it significantly Hearts will "be split up and sold for scrap". Expect the process to be started as early as next week as BDO want it started before the season starts (I've heard separately they've been warned by the SPL)

Now your talking ! Bring it on.

[YehButNoBut]

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From my source:

As of today consensus is Liquidation is the only way forward as current bids are still nowhere near what is needed so unless one of them increases it significantly Hearts will "be split up and sold for scrap". Expect the process to be started as early as next week as BDO want it started before the season starts (I've heard separately they've been warned by the SPL)

:giruy:

[Keith_M]

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The 2011 report also has some pretty maps showing only the NW corner of the stadium is affected by the COMAH zone.

I'm not convinced that other than spin coming out of the City Chambers or HMFC (no surprise there) that this makes any difference to the suitability of Tynecastle for residential development.

Wow, it's hardly an accurate or even unbiased report is it!


"Heart of Midlothian Football Club have invested £60M in their playing squad over six
years and the results of this investment are clear to see"

"Heart of Midlothian competing in Europe is of great significance to the City of
Edinburgh.... Being host to major European teams who visit Edinburgh with their fans is important to the greater economy of Edinburgh."

"CEC want Heart of Midlothian to be a successful in all respects. They provide
excellent employment prospects, --- (hahahahahahahahaha)
...
The City recognise Hearts as a key generator in the
City’s economy."



Independent report my Erchie!!!

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From my source:

As of today consensus is Liquidation is the only way forward as current bids are still nowhere near what is needed so unless one of them increases it significantly Hearts will "be split up and sold for scrap". Expect the process to be started as early as next week as BDO want it started before the season starts (I've heard separately they've been warned by the SPL)

I hate you, I now need to buy a new box of tissues!

[Liberal Hibby]

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Independent report my Erchie!!!

Quite!

[Sergey]

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From my source:

As of today consensus is Liquidation is the only way forward as current bids are still nowhere near what is needed so unless one of them increases it significantly Hearts will "be split up and sold for scrap". Expect the process to be started as early as next week as BDO want it started before the season starts (I've heard separately they've been warned by the SPL)

And what I've been told is that Hearts can't simply be sold to the highest bidder (or any bidder for that fact) - Lithuanian law means that switching to new owners is currently impossible.

[AlbertK86]

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An update to all supporters of the Foundation of Hearts

Dear Supporter, An update to all supporters on the Foundation of Hearts database - including those who have signed up for direct debits and those who have not. It's been a busy few days since the bid was submitted to the administrators which would see Foundation of Hearts strongly positioned to acquire control of Heart of Midlothian FC. We wanted to update you on where we are, and what's going on behind the scenes. As you'll have no doubt seen in BDO's announcement, three bids were received for the club. Administrator Bryan Jackson told the media none were acceptable in their current form, but that is to be expected. Discussions will continue in the weeks ahead. Bryan and his colleague Trevor Birch, leading the Hearts administration process, have done a fantastic job, working with club staff to deliver relative progress after the darkness of three weeks ago. We agree completely with their assertion that this process will take time and therefore it could be a month before a preferred bidder is identified. Fundamentally, until UBIG joins Ukio Bankas in having its own administrator appointed there's a wait for all of us. The media have reported that HMFC Ltd and Five Stars Football Ltd are the other two bidding parties. The Foundation at this stage will not comment on the bids of other organisations. There’s been a fair amount of comment and conjecture, and perhaps even a bit of scaremongering from one or two individuals, but we’ve said all along we’re going to focus on what matters to us: Heart of Midlothian. The Administrators need a period of time to do their job and we will just let them get on with that job. The Foundation of Hearts is confident that the bid submitted on its behalf: [*]Is the best financial bid for Hearts and its creditors[*]Has cash ready to complete the transaction immediately[*]Provides the strongest possible working capital solution[*]Delivers lowest risk for creditors and the future protection and growth of the club[*]Combines the best business people, and their capital, with genuine supporter interest and influence.[*]Delivers a highly professionally run club with a clear way to engage Foundation members to the benefit and growth of the club A number of you are of course keen to know how the bid is structured. At the moment we can't discuss this as we are in a competitive situation. What we will say is it has been very sensibly thought through and delivers the outcome the Foundation of Hearts seeks: that potent mix of business expertise, capital and a highly engaged supporter base. Many of you reading this have now set up your direct debit, and even based on simple arithmetic you'll have worked out there's now well over £1m a year in additional revenue to the Club to repay the purchase price and invest in Hearts. We thank you, sincerely. Of course, we have room for more as the more revenue we have the quicker we can repay the purchase price and reinvest in Club. There is a very small playing squad and there is a funding gap to be covered. The more we have the more can be invested. So if you've not signed up, or you know friends or family that have not done so, we'd encourage you to get them involved ahead of our first planned draw down of money around 2nd August. We are now on the way towards 6,000 direct debits. This is no longer a bid, it's a movement. It's the biggest supporter led movement in the history of Scottish football. The more we have the more we can do together. Click here to set up a direct debit if you have not already done so. If you have already done so then pass this on to others. We will keep you up to date as things progress. To all of you we would simply like to say THANK YOU. The club has survived because of you, the supporters. Let’s now own the club and get the benefit of the new dawn that is breaking over Tynecastle. Yours in Hearts, Ian Murray Independent Chairman, Foundation of Hearts PS Remember your direct debit is 100% safe and secure, and all monies (minus very small administration charges) will be returned if the bid is not successful. It's a no risk situation!

An MP who either has poor grammatical skills or doesn't check what his lackey has done ... Commas before and is a no no !!

Shows him up for the clown he is !!

But hey ho he supports that mob so what else can we expect ... A cross between Harry Enfield Tory boy and Alan ******* !

[Treadstone]

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From my source:

As of today consensus is Liquidation is the only way forward as current bids are still nowhere near what is needed so unless one of them increases it significantly Hearts will "be split up and sold for scrap". Expect the process to be started as early as next week as BDO want it started before the season starts (I've heard separately they've been warned by the SPL)

Who said that Bajillions ? The source or an individual involved in the process ?

[Dashing Bob S]

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From my source:

As of today consensus is Liquidation is the only way forward as current bids are still nowhere near what is needed so unless one of them increases it significantly Hearts will "be split up and sold for scrap". Expect the process to be started as early as next week as BDO want it started before the season starts (I've heard separately they've been warned by the SPL)

Sweet! Can't wait to see the spin they put on this one. If financial difficulties and bankrupt parent companies constituted 'self-sufficiency' and administration was 'emerging debt free and with the second biggest transfer budget in the SPL' liquidation is going to super sexy, and take us back to the heady days of new stands, world cup stars, champions league wins, 400,000 ST's and world war victories.

[Saorsa]

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From my source:

As of today consensus is Liquidation is the only way forward as current bids are still nowhere near what is needed so unless one of them increases it significantly Hearts will "be split up and sold for scrap". Expect the process to be started as early as next week as BDO want it started before the season starts (I've heard separately they've been warned by the SPL)

oh yes


Anybody better this?

[The Green Goblin]

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Good news. Tho I was already looking forward to the prospect of Hibs humping them in the derby.

Ross Caldwell. 90th minute. When all is said and done, he who laughs last...etc.

[Gus Fring]

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Who said that Bajillions ? The source or an individual involved in the process ?

My source. I didn't think to ask if those were his own words unfortunately.

[Aldo]

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From my source:

As of today consensus is Liquidation is the only way forward as current bids are still nowhere near what is needed so unless one of them increases it significantly Hearts will "be split up and sold for scrap". Expect the process to be started as early as next week as BDO want it started before the season starts (I've heard separately they've been warned by the SPL)

Lol ha ha ha ha ha

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And what I've been told is that Hearts can't simply be sold to the highest bidder (or any bidder for that fact) - Lithuanian law means that switching to new owners is currently impossible.

Chortle chortle

Brilliant just ****** brilliant.

[rcarter1]

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Yeah, but IIRC, nowhere in that horrible book did the heroine get taken up the banana fritter by a dodgy foreigner.

Twice.

[Springbank]

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Ross Caldwell. 90th minute. When all is said and done, he who laughs last...etc.

Last goal in the last minute of the last game at Tynecastle

[AinsterHibs]

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From my source:

As of today consensus is Liquidation is the only way forward as current bids are still nowhere near what is needed so unless one of them increases it significantly Hearts will "be split up and sold for scrap". Expect the process to be started as early as next week as BDO want it started before the season starts (I've heard separately they've been warned by the SPL)

Dead by dawn, ones hopes!

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And what I've been told is that Hearts can't simply be sold to the highest bidder (or any bidder for that fact) - Lithuanian law means that switching to new owners is currently impossible.

It just keeps on getting better! Or worse where the yak are concerned. Spurt!

[Aldo]

Tell you what I've been waiting on this day a long long time... Since that ****er Mercer tried to kill our club.

When this does happen I am going to celebrate so much it will hurt.

I also know a man who will celebrate and be even happier cos he hates them for a living.

Step forward Mr Desperate Dan. ;-)

[wazoo1875]

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Ross Caldwell. 90th minute. When all is said and done, he who laughs last...etc.

I can live with that TGG :-)